(2817,1,'2022-11-29 00:24:49','2022-11-29 00:24:49','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How to quickly limit location tracking, smart speaker recordings, and other data collection</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\":2816,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Privacy.png\" alt=\"\" class=\"wp-image-2816\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Keeping up with digital privacy and security is a bit like getting regular oil changes for your car—it’s maintenance to safeguard your online life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But fixing every privacy and security challenge at the same time would be daunting. Another approach is to take the following bite-sized steps, which you can knock out in less than a minute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s an easy way to feel productive on a lazy afternoon. These tips will limit the way products and services snoop on us, feeding our personal data to big companies for targeted advertising and other uses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Privacy isn’t just about avoiding targeted ads that you find annoying. The information tech companies gather can potentially affect important aspects in our lives in ways we can’t anticipate. The techniques on this list aren’t a cure-all, but they can make a big difference.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">These tips will help with innocuous-seeming products including your favorite smartphone games, the mobile app that gives you a weather forecast, and the apps that help you share photos with friends. All have the ability to reveal details about your life to companies looking to collect, share, and make money on consumer data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you build some momentum with these quick tips, you can go even further with a personalized action plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Meanwhile, here are some simple ways for anyone to get started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Limit GPS Tracking</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The apps on your smartphone don’t need to know where you are at all times, especially when you’re not looking for a traffic report, weather forecast, or dining spot.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here’s how to limit access to your phone’s GPS data. (Apps may still use WiFi signals and other clues to infer your location, but the data is typically less precise.) While you’re at it, you can use these settings to control access to your contacts and photo library, too. Once you follow these steps, we have an even more thorough guide to protecting location data with more important details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>On an iPhone:</strong>&nbsp;Go to Settings &gt; Privacy &gt; Location Services. Tap on each app individually to control which ones get access “always,” “never,” or “while [you’re] using” the app.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>On an Android phone:</strong>&nbsp;Go to Settings &gt; Location &gt; App location permissions. You can toggle location off altogether, or choose when, if ever, individual apps can access location. (The instructions may vary depending on which kind of Android device you have, but the steps are usually similar.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Stop Your Apps From Tracking You</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Apps can collect a lot more sensitive information than you might realize, and many of them share and exchange that data with other companies, such as Facebook and Google, for targeted advertising and other business purposes. This extends from simple games to very personal apps such as period trackers. However, you can use your phone’s privacy settings to help put a stop to it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Let’s start with Apple users. Starting with iPhone operating system version iOS 14.5, you have the option to tell apps not to track you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As you use iPhone apps, some will prompt you for permission to do tracking. Say no, and Apple throws up a technical barrier that prevents the app from collecting a special ID number used for targeted advertising. Apple policy says that if the apps try to then track you in other ways, they could get banned from the app store.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can wait to see those prompts—or you can be proactive and tell your phone to say no automatically.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Android users have a similar consumer protection, but it’s not as powerful. You can tell your Android phone not to share its special advertising ID number. However, apps are allowed to keep tracking you using other methods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>On an iPhone:</strong>&nbsp;Go to Settings &gt; Privacy &gt; Tracking. Switch off the toggle for “Allow Apps to Request to Track.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>On an Android phone:</strong>&nbsp;Go to Settings &gt; Privacy &gt; Advanced &gt; Ads &gt; Delete advertising ID. (These instructions are for a Google Pixel. The steps may vary depending on which kind of Android phone you have, but they should be similar. On some devices, you may have an “Opt out of Ads Personalization” setting instead.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Delete Alexa Recordings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Amazon, Apple, and Google have at times had humans review bits of dialogue recorded by their smart speakers to improve their voice computing technology. Some people feel like that’s a privacy intrusion.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To delete select recordings and place limits on the use of such data, you can dip into the privacy settings on your smart speaker’s mobile app. (For help with that, click on the link above.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Amazon made things slightly easier with two newer voice commands: “Alexa, delete what I just said” and “Alexa, delete everything I said today.” Before you can use the feature, you have to activate it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>On the Alexa app:</strong>&nbsp;Tap the three-bar menu icon and choose Settings &gt; Alexa Privacy &gt; Manage Your Alexa Data. Flip the toggle switch to enable deletion by voice.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Strip Location Data From Your Photos</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you take a snapshot with your digital camera, including the one on your smartphone, the device captures data about where, when, and how the image was recorded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And when you share that picture with someone else, that information, called Exif data, typically goes along for the ride. That’s how mobile apps and storage services, such as Google Photos and iCloud Photos, know how to sort your Springsteen summer tour pictures by place and date.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To strip out the location data from photos stored on your computer, do the following.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>In Windows:</strong>&nbsp;Right-click on the image file, then Properties &gt; Remove Properties and Personal Information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>In macOS:</strong>&nbsp;Open the photo in Preview, then Tools &gt; Show Inspector &gt; Remove Location Info.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Try a More Private Browser</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s an open secret that Google Chrome, one of the most widely used web browsers, collects lots of data about its users. That includes location information, search history, and details about your browsing, data that’s linked to your identity and harnessed for third-party advertising.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For an easy privacy fix, all you have to do is switch to a different browser. Popular alternatives include Firefox and DuckDuckGo’s Privacy Browser mobile app. Both promise to collect far less personal information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There’s a caveat, though. Chrome has a reputation for being the best option to protect your security (i.e., defending against hackers) even if it infringes on your privacy along the way. If you might be a high-value target, such as a person who handles very sensitive information or, say, the CEO of a big company, security may be a bigger concern than privacy. You’ll need to weigh the trade-off for yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And all browsers, including Chrome, have privacy settings you can use to limit tracking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Enable Multifactor Authentication</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Security experts say everyone should use multifactor authentication, also known as two-factor authentication, when it’s offered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The goal is to block hackers from gaining access, even if they’ve acquired your password. Once you turn on a company’s MFA setting, you’ll need to provide info in addition to the password anytime you try to access the account from an unverified location or device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Typically, the company will send you a verification code by text, or—and this is more secure—you can use an app such as Authy or a physical security key. Without the second identifier, hackers armed with a stolen password get blocked. Setting up MFA is usually easy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As an example, for your Google account, go to your Gmail inbox or any other Google page. Then click the icon in the top right and hit “Manage Your Account” (you may need to sign in first) &gt; Security &gt; 2-Step Verification &gt; Get Started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Change Your Router Password</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your WiFi router is like the front door to your digital life, and the consequences could be dire if it’s compromised.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are a number of steps you can take to boost your router security, and one of the most important is quick: Change the default password for your router’s settings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This is different from the WiFi password. These administrative passwords tend to be the same across models in each brand.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have an extra 30 seconds, change the SSID (the name of your WiFi network), too—the default often reveals the make and model of your router, making it easier for hackers to spot vulnerabilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have a newer router, it could have an associated app, which makes it easy to change all your router settings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Otherwise, you can access the controls from a web browser. Steps for getting there are easy, but they vary across brands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">On most Linksys and TP-Link routers, for example, type 192.168.1.1 into a web browser while you’re on the network, and then log in with the default credentials.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can often find them on a sticker on the back of the router or in the instruction manual.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Clear Your \'Off-Facebook\' Activity</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Facebook tracks you even when you aren’t on Facebook. Through partnerships with hundreds of thousands of apps and websites, the company gets details about what you do all across the web.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This information can reveal a lot about you, and it’s especially valuable for advertising purposes. Facebook recently unveiled a new tool that lets you see some of that data and “clear” it from your account. Counterintuitively, Facebook doesn’t actually delete any data if you do this—but the company promises it won’t use any cleared data for targeted ads.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can use a second setting to keep this information disconnected from your account by default so that the social media giant won’t use any new off-Facebook data to target you with ads.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In a web browser on your computer: Click the icon with your profile picture in the top right of the Facebook home page to open the menu &gt; Settings &amp; Privacy &gt; Settings &gt; Your Facebook information &gt; Off-Facebook activity. (The steps are similar in the app.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">From there, hit the “Clear previous activity” button. After you follow the prompts, go back to the Off Facebook Activity page and hit “Disconnect future activity.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Try a Fake Email Address</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As you cruise around the internet, you’re constantly asked to give up your email address. There are plenty of reasons you might not want to if you can avoid it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For one, advertising companies use details such as your email address as clues to tie everything you do across the web together in order to build comprehensive profiles of who you are and what you’re like.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">They can also use your email address to send you spam.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Want to throw a wrench in their gears? Try a service that will generate fake email addresses you can give out instead. There are a number of options, including Sign in with Apple, a tool for Macs and iPhones, and Firefox Relay, which runs alongside the Firefox browser.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are also a variety of services that provide temporary inboxes that self-destruct, such as 10 Minute Mail. You can use them to create a throwaway account that you need to access only one time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Check Your Data-Breach Status</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The bad news: The majority of consumers have been the victim of a data breach at a big company such as Equifax. The good news: There’s a great database you can check to see whether you’ve been included in a breach.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">At Have I Been Pwned, you can check your email addresses and usernames against lists from hundreds of known breaches at companies including Adobe, LinkedIn, and Snapchat. (You’ll need to register to check the full database.) You can also sign up to get notifications if you’re affected by future breaches.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your name pops up, change the password for the compromised account and any other site where you made the mistake of using the same password. While you’re at it, check out CR’s tips for stronger passwords. (Bonus tip: Pros pronounce “pwned” as “poned,” not “pawned.”)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Plan for the Next Steps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The tips above will all make a meaningful dent in your digital footprint, but there’s a lot you can do for more comprehensive protection. A broader privacy audit will take a bit longer than 30 seconds, but getting started is quick and easy with two programs we’ve put together at Consumer Reports.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">First, take a few seconds to sign up for the 7-Day Privacy Challenge. The Challenge is a week-long email series that will give you one simple activity each day. Complete them all, and your digital life will be more private and secure, and you’ll be left with a better understanding of how your information is collected and used.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For a personalized action plan, check out the Consumer Reports Security Planner. It gives you customized tips with easy-to-follow instructions based on the gadgets you own and your specific concerns. Some steps take longer than others, but getting started is fast, and you can start with the high-priority items and come back for the rest when you have time. (Security Planner is free to use, and we won’t use the details you share for anything other than providing you with a plan.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is Exif Data?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Attached to the photos you take on your phone are bits of information, such as when and where they were taken. On the “Consumer 101” TV show, host Jack Rico explains what you need to know about protecting your privacy.</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/privacy/30-second-privacy-fixes-simple-ways-to-protect-your-data-a9402343475/\">click here.</a></p>\n<!-- /wp:paragraph -->','30-Second Privacy Fixes: Simple Ways to Protect Your Data','','inherit','closed','closed','','2815-revision-v1','','','2022-11-29 00:24:49','2022-11-29 00:24:49','',2815,'http://smartinsurance.tips/?p=2817',0,'revision','',0),(2818,1,'2022-11-29 00:31:25','2022-11-29 00:31:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2819,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Leadership.png\" alt=\"\" class=\"wp-image-2819\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">So, Christmas break is almost here, and you’re&nbsp;<em>trying&nbsp;</em>to take some time off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ever notice that’s what driven leaders say all the time?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’m going to&nbsp;<em>try&nbsp;</em>to take two weeks off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’ll&nbsp;<em>try&nbsp;</em>to unplug.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’m&nbsp;<em>trying</em>&nbsp;to relax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">We A-types stink at vacation, don’t we?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s also really tough if you’re married to us. Or, we’re your parents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How do I know this?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because I’m one of you.&nbsp;I’m speaking my native tongue.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Being a driven kind of person, the idea of doing nothing but resting is unsettling for me.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But I also understand how important it is.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sabbath is God’s idea. And, as I discovered when I burned out, if you don’t take the Sabbath, the Sabbath will take you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I know people who can take time off easily – they don’t worry, they’re never tempted to check email, they can easily shut down social media for a week, and they find a hammock to be relaxing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">That person is not me. I think a few of you can relate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Over the years, I’ve developed these 5 rules for rest that, if observed, make shutting off all the devices and truly taking a break easier. I’ve shared them before, but I have to come back to them again and again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When I don’t follow them, I ruin my holiday. And I’ve done that a few times too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Overall, the rules help me, as a driven person, relax better.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">See if they help you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-1-don-t-just-take-christmas-break-prepare-for-it\">1. Don’t just take Christmas break, prepare for it.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I used to run into my holidays full speed, and it would take me half my holidays to unwind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Take some time before your holiday to prepare for your Christmas break. Use your evenings to rest up before you leave.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pack ahead of time. Build the anticipation. When I do this, I can start day one of vacation fully rested and ready to enjoy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Last year for the first time, I took a week off <em>before </em>our family left for a week together, just to unwind alone and be ready for them when they were free. It helped me be more fully present, so I could focus on what truly mattered in the moment – making new memories with my loved ones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-2-equip-your-team-and-yourself-for-your-break\">2. Equip your team, and yourself, for your break<strong>&nbsp;</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leaving work behind is hard work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I wasn’t good at this for years. Now I spend time before leaving asking, “What does my team need while I’m away so they can run optimally and so I can rest?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Or this year, what do we ALL need to do so EVERYONE can have a full break?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If all of that is lined up, then they have what they need and I can get what I need: peace of mind, knowing everything will be okay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The next step is even more important: Let go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you do this right when you’re away, your ministry will grow even when you’re not engaged in it. I’ve taken a month off more than once. And when I truly release the team to do what they do best, our church has grown.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Last year, when I was off for a month, my podcast had the single biggest month in its history to that point (I lined up all the episodes before I left and gave my team the job of posting them).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You know what I learned? When you let go, you grow and things grow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Early in my leadership, I never would have believed it. Now I do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-3-delegate-authority-and-responsibility\">3. Delegate authority and responsibility</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While this is good practice all the time, make sure you leave behind real decisions, real authority and real responsibility.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you can’t give the entire team a break, then make sure those who are off are truly off, which means delegation. Let your team can call the shots while you’re away. Don’t look at email at all or let your assistant handle it for your entire break. &nbsp;If you don’t have an assistant, use an autoresponder and plan to spend your first or second day back sorting through email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And if your assistant is off, everyone should just hit the auto-responder.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you plan for it, you won’t worry about it while away. A solid plan defeats worry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-4-focus-on-what-fuels-you\">4. Focus on what fuels you</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Christmas break can be draining for anyone with all the gatherings, travel, and people.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Smart leaders know what refuels them and decide to at least sneak in some time for themselves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For some, that might be reading a book by the fire. For others, it might be movies and dinner. And, for others, it might be throwing parties and having a full house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Everyone’s different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Don’t let someone else’s idea of rest determine how you will rest, or you’ll end up returning to work exhausted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">That’s exactly why, so many times, you end up saying you need a vacation to recover from your vacation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you don’t know what fuels you, even your vacation can drain you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-5-pick-a-goal-for-your-holidays\">5. Pick a goal for your holidays</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">My drivenness can make me feel like I waste time while away. Obviously, one of my goals is to spend meaningful time with my family; I also use vacation time as a time to connect with God.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But I’ve learned if I pick some goals for my holidays, it makes me feel better and enjoy my time alone and with my family more. Your goal can be as simple as reading a few books, taking some pictures, or even a fitness goal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Or it might be to sleep eight hours every night or hike for 10 miles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I feel less restless and more rested if I set a few goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re a driven person, maybe you can relate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Without a new strategy and approach, it\'s easy to continue to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Sacrifice family on the altar of work</li><li>Overcommit and underdeliver</li><li>Have no time for what you actually want to do</li><li>Struggle to get time off to refuel and relax</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Worst of all, other people—other tasks, jobs, and projects—will continue to hijack your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s time to change that by implementing a strategy that works.</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://careynieuwhof.com/5-keys-to-making-sure-your-christmas-break-doesnt-break-you-or-your-family-a-post-for-driven-leaders/\">click here.</a></p>\n<!-- /wp:paragraph -->','5 Keys to Making Sure Your Christmas Break Doesn’t Break You (Or Your Family)','','publish','closed','closed','','5-keys-to-making-sure-your-christmas-break-doesnt-break-you-or-your-family','','','2022-11-29 00:31:25','2022-11-29 00:31:25','',0,'http://smartinsurance.tips/?p=2818',0,'post','',0),(2819,1,'2022-11-29 00:25:50','2022-11-29 00:25:50','','Leadership','','inherit','closed','closed','','leadership-4','','','2022-11-29 00:25:50','2022-11-29 00:25:50','',2818,'http://smartinsurance.tips/wp-content/uploads/2022/11/Leadership.png',0,'attachment','image/png',0),(2820,1,'2022-11-29 00:31:25','2022-11-29 00:31:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2819,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Leadership.png\" alt=\"\" class=\"wp-image-2819\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">So, Christmas break is almost here, and you’re&nbsp;<em>trying&nbsp;</em>to take some time off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Ever notice that’s what driven leaders say all the time?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’m going to&nbsp;<em>try&nbsp;</em>to take two weeks off.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’ll&nbsp;<em>try&nbsp;</em>to unplug.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I’m&nbsp;<em>trying</em>&nbsp;to relax.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">We A-types stink at vacation, don’t we?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s also really tough if you’re married to us. Or, we’re your parents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">How do I know this?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because I’m one of you.&nbsp;I’m speaking my native tongue.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Being a driven kind of person, the idea of doing nothing but resting is unsettling for me.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But I also understand how important it is.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sabbath is God’s idea. And, as I discovered when I burned out, if you don’t take the Sabbath, the Sabbath will take you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I know people who can take time off easily – they don’t worry, they’re never tempted to check email, they can easily shut down social media for a week, and they find a hammock to be relaxing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">That person is not me. I think a few of you can relate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Over the years, I’ve developed these 5 rules for rest that, if observed, make shutting off all the devices and truly taking a break easier. I’ve shared them before, but I have to come back to them again and again.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When I don’t follow them, I ruin my holiday. And I’ve done that a few times too.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Overall, the rules help me, as a driven person, relax better.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">See if they help you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-1-don-t-just-take-christmas-break-prepare-for-it\">1. Don’t just take Christmas break, prepare for it.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I used to run into my holidays full speed, and it would take me half my holidays to unwind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Take some time before your holiday to prepare for your Christmas break. Use your evenings to rest up before you leave.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Pack ahead of time. Build the anticipation. When I do this, I can start day one of vacation fully rested and ready to enjoy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Last year for the first time, I took a week off <em>before </em>our family left for a week together, just to unwind alone and be ready for them when they were free. It helped me be more fully present, so I could focus on what truly mattered in the moment – making new memories with my loved ones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-2-equip-your-team-and-yourself-for-your-break\">2. Equip your team, and yourself, for your break<strong>&nbsp;</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Leaving work behind is hard work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I wasn’t good at this for years. Now I spend time before leaving asking, “What does my team need while I’m away so they can run optimally and so I can rest?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Or this year, what do we ALL need to do so EVERYONE can have a full break?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If all of that is lined up, then they have what they need and I can get what I need: peace of mind, knowing everything will be okay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The next step is even more important: Let go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you do this right when you’re away, your ministry will grow even when you’re not engaged in it. I’ve taken a month off more than once. And when I truly release the team to do what they do best, our church has grown.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Last year, when I was off for a month, my podcast had the single biggest month in its history to that point (I lined up all the episodes before I left and gave my team the job of posting them).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You know what I learned? When you let go, you grow and things grow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Early in my leadership, I never would have believed it. Now I do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-3-delegate-authority-and-responsibility\">3. Delegate authority and responsibility</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While this is good practice all the time, make sure you leave behind real decisions, real authority and real responsibility.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you can’t give the entire team a break, then make sure those who are off are truly off, which means delegation. Let your team can call the shots while you’re away. Don’t look at email at all or let your assistant handle it for your entire break. &nbsp;If you don’t have an assistant, use an autoresponder and plan to spend your first or second day back sorting through email.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">And if your assistant is off, everyone should just hit the auto-responder.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you plan for it, you won’t worry about it while away. A solid plan defeats worry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-4-focus-on-what-fuels-you\">4. Focus on what fuels you</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Christmas break can be draining for anyone with all the gatherings, travel, and people.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Smart leaders know what refuels them and decide to at least sneak in some time for themselves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For some, that might be reading a book by the fire. For others, it might be movies and dinner. And, for others, it might be throwing parties and having a full house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Everyone’s different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Don’t let someone else’s idea of rest determine how you will rest, or you’ll end up returning to work exhausted.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">That’s exactly why, so many times, you end up saying you need a vacation to recover from your vacation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you don’t know what fuels you, even your vacation can drain you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"h-5-pick-a-goal-for-your-holidays\">5. Pick a goal for your holidays</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">My drivenness can make me feel like I waste time while away. Obviously, one of my goals is to spend meaningful time with my family; I also use vacation time as a time to connect with God.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But I’ve learned if I pick some goals for my holidays, it makes me feel better and enjoy my time alone and with my family more. Your goal can be as simple as reading a few books, taking some pictures, or even a fitness goal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Or it might be to sleep eight hours every night or hike for 10 miles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">I feel less restless and more rested if I set a few goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re a driven person, maybe you can relate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Without a new strategy and approach, it\'s easy to continue to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Sacrifice family on the altar of work</li><li>Overcommit and underdeliver</li><li>Have no time for what you actually want to do</li><li>Struggle to get time off to refuel and relax</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Worst of all, other people—other tasks, jobs, and projects—will continue to hijack your life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s time to change that by implementing a strategy that works.</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://careynieuwhof.com/5-keys-to-making-sure-your-christmas-break-doesnt-break-you-or-your-family-a-post-for-driven-leaders/\">click here.</a></p>\n<!-- /wp:paragraph -->','5 Keys to Making Sure Your Christmas Break Doesn’t Break You (Or Your Family)','','inherit','closed','closed','','2818-revision-v1','','','2022-11-29 00:31:25','2022-11-29 00:31:25','',2818,'http://smartinsurance.tips/?p=2820',0,'revision','',0),(2821,1,'2022-11-29 00:34:44','2022-11-29 00:34:44','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2822,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Health.png\" alt=\"\" class=\"wp-image-2822\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your feelings about the holidays are very personal. They can cause us to feel happy, sad or ambivalent. The holidays can also cause stress because of:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Overscheduling, overindulging and overspending</li><li>Too much time with family or not enough</li><li>Multiple caregiving roles</li><li>Personal or family illness</li><li>Work demands</li><li>Expectations of what you&nbsp;<em>should</em>&nbsp;do</li><li>Seasonal affective disorder or depression</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">No matter how you feel, the following tips can help you enjoy the holidays as much as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Reflect on what is important to you during the holidays.</strong> This may change over time, but thinking about what you want for this holiday season will help you choose more intentionally about who you would like to spend time with and how you would like to spend the time. It’s hard to have a meaningful holiday if you don’t determine ahead of time what will give it meaning.<br> </li><li><strong>Make a plan as early as possible about what you will do during the holidays.</strong> Try to plan at least one activity that is important to you for each holiday that you celebrate. Feel free to initiate activities with family and friends. Consider volunteer activities. Making a plan well in advance can give you something to look forward to and help you feel a greater sense of control.<br> </li><li><strong>Communicate clearly how others can assist or support you.</strong> Accept offers to help shop, wrap or cook. Some people may not know how best to help, especially if your needs and desires have changed from last year. Most people are happy to help as long as they understand clearly what you want and they have enough time to provide the support.<br> </li><li><strong>Realize the holiday season is a marathon, not a sprint.</strong> In other words, pace yourself. While extra social gatherings can be exciting, you don’t want to compromise your physical or mental health by doing too much. Acknowledge that you cannot do everything for everyone. Practice saying “no” without guilt. Allow yourself the opportunity to grieve the loss of giving up some activities.<br> </li><li><strong>Maintain a healthy lifestyle.</strong> Try your best to make good food choices and relax to restore energy.  Your endurance will be better if you can stick to your daily routine as much as possible, including exercise.<br> </li><li><strong>Manage your spending.</strong> It’s easy to feel the pressure of consumerism during the holidays. Decrease the financial stress by making and sticking to a budget. Thoughtfulness need not come with a hefty price tag. Gift solutions include: reducing the number of gifts; initiating a gift exchange; giving to a favorite charity in family members’ names; and providing gift certificates for babysitting, snow shoveling, a home-cooked meal, or time together. Gift cards can also be purchased for small amounts and the receiver will enjoy thinking of you as he or she enjoys a cup of coffee or music download “on you.”<br> </li><li><strong>Monitor alcohol and medications <em>– </em>individually and together.</strong> It’s easy to overindulge in alcohol during the holidays. Moderation is key so that your balance and emotional well-being are not negatively impacted. If you do not usually drink alcohol, consider beforehand how alcohol and your medications may interact, especially if you’re taking a new medication or an increased dose. Maintain your daily medication schedule. Missed doses can cause you to feel less than your best or, worse, cause a medical issue that requires emergency care.<br> </li><li><strong>Manage your expectations for family gatherings.</strong> When multiple generations and multiple families celebrate together, it can be challenging to feel heard and understood. Be clear about what you need the most and flexible about the rest.<br> </li><li><strong>Think ahead about stories or observations from the past as a family that you’d like to share.</strong> You may know how a specific family tradition began or have a funny story to tell about the holidays when you were a child.<br> </li><li><strong>Reflect on what went well this holiday season and improvements you would like to make for next year.</strong></li></ol>\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.hopkinsmedicine.org/news/stories/ten_tips_for_enjoying_holidays.html\">click here.</a></p>\n<!-- /wp:paragraph -->','Ten Tips for Enjoying the Holidays','','publish','closed','closed','','ten-tips-for-enjoying-the-holidays','','','2022-11-29 00:34:44','2022-11-29 00:34:44','',0,'http://smartinsurance.tips/?p=2821',0,'post','',0),(2822,1,'2022-11-29 00:32:51','2022-11-29 00:32:51','','Health','','inherit','closed','closed','','health-5','','','2022-11-29 00:32:51','2022-11-29 00:32:51','',2821,'http://smartinsurance.tips/wp-content/uploads/2022/11/Health.png',0,'attachment','image/png',0),(2823,1,'2022-11-29 00:34:44','2022-11-29 00:34:44','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2822,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Health.png\" alt=\"\" class=\"wp-image-2822\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your feelings about the holidays are very personal. They can cause us to feel happy, sad or ambivalent. The holidays can also cause stress because of:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Overscheduling, overindulging and overspending</li><li>Too much time with family or not enough</li><li>Multiple caregiving roles</li><li>Personal or family illness</li><li>Work demands</li><li>Expectations of what you&nbsp;<em>should</em>&nbsp;do</li><li>Seasonal affective disorder or depression</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">No matter how you feel, the following tips can help you enjoy the holidays as much as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Reflect on what is important to you during the holidays.</strong> This may change over time, but thinking about what you want for this holiday season will help you choose more intentionally about who you would like to spend time with and how you would like to spend the time. It’s hard to have a meaningful holiday if you don’t determine ahead of time what will give it meaning.<br> </li><li><strong>Make a plan as early as possible about what you will do during the holidays.</strong> Try to plan at least one activity that is important to you for each holiday that you celebrate. Feel free to initiate activities with family and friends. Consider volunteer activities. Making a plan well in advance can give you something to look forward to and help you feel a greater sense of control.<br> </li><li><strong>Communicate clearly how others can assist or support you.</strong> Accept offers to help shop, wrap or cook. Some people may not know how best to help, especially if your needs and desires have changed from last year. Most people are happy to help as long as they understand clearly what you want and they have enough time to provide the support.<br> </li><li><strong>Realize the holiday season is a marathon, not a sprint.</strong> In other words, pace yourself. While extra social gatherings can be exciting, you don’t want to compromise your physical or mental health by doing too much. Acknowledge that you cannot do everything for everyone. Practice saying “no” without guilt. Allow yourself the opportunity to grieve the loss of giving up some activities.<br> </li><li><strong>Maintain a healthy lifestyle.</strong> Try your best to make good food choices and relax to restore energy.  Your endurance will be better if you can stick to your daily routine as much as possible, including exercise.<br> </li><li><strong>Manage your spending.</strong> It’s easy to feel the pressure of consumerism during the holidays. Decrease the financial stress by making and sticking to a budget. Thoughtfulness need not come with a hefty price tag. Gift solutions include: reducing the number of gifts; initiating a gift exchange; giving to a favorite charity in family members’ names; and providing gift certificates for babysitting, snow shoveling, a home-cooked meal, or time together. Gift cards can also be purchased for small amounts and the receiver will enjoy thinking of you as he or she enjoys a cup of coffee or music download “on you.”<br> </li><li><strong>Monitor alcohol and medications <em>– </em>individually and together.</strong> It’s easy to overindulge in alcohol during the holidays. Moderation is key so that your balance and emotional well-being are not negatively impacted. If you do not usually drink alcohol, consider beforehand how alcohol and your medications may interact, especially if you’re taking a new medication or an increased dose. Maintain your daily medication schedule. Missed doses can cause you to feel less than your best or, worse, cause a medical issue that requires emergency care.<br> </li><li><strong>Manage your expectations for family gatherings.</strong> When multiple generations and multiple families celebrate together, it can be challenging to feel heard and understood. Be clear about what you need the most and flexible about the rest.<br> </li><li><strong>Think ahead about stories or observations from the past as a family that you’d like to share.</strong> You may know how a specific family tradition began or have a funny story to tell about the holidays when you were a child.<br> </li><li><strong>Reflect on what went well this holiday season and improvements you would like to make for next year.</strong></li></ol>\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.hopkinsmedicine.org/news/stories/ten_tips_for_enjoying_holidays.html\">click here.</a></p>\n<!-- /wp:paragraph -->','Ten Tips for Enjoying the Holidays','','inherit','closed','closed','','2821-revision-v1','','','2022-11-29 00:34:44','2022-11-29 00:34:44','',2821,'http://smartinsurance.tips/?p=2823',0,'revision','',0),(2824,1,'2022-11-29 00:42:35','2022-11-29 00:42:35','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Follow these tips to make sure you get your due.</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\":2825,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-1.png\" alt=\"\" class=\"wp-image-2825\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you’re out of harm’s way following a big storm, the hard work of restoring your home—and your life—begins. And the sooner you reach out to those who can offer assistance, the sooner relief will come your way.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Contact Your Insurer</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your first move: Reach out to your homeowners insurance agent. Your policy requires you to make a claim in a timely manner, and that starts with contacting the insurer. But that contact can also help you get financial help right away, beyond the assistance offered by nongovernmental agencies, your state, or the federal government.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many displaced victims of Hurricane Ian, for instance, could get money from their homeowners insurance companies immediately—without the usual paperwork—to help with the cost of living elsewhere. That coverage, standard in most homeowners’ and renters’ policies, is called additional living expenses (ALE) insurance. After recent major disasters, most homeowners insurance companies haven’t been requiring documentation of home damage before sending initial checks to policyholders, says Michael Barry, a spokesperson for the Insurance Information Institute, an industry group.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Some insurers may ask for proof that a home is not inhabitable, but they are in the minority based on what I have seen,” Barry says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You will eventually have to document the damage, but in the interim, ALE can help you cover costs like temporary housing, restaurant meals, laundry, extra commuting expenses, and pet boarding. It can also help with expenses when you’re dislocated because of mandatory evacuation orders—even if your own home is accessible and fine to live in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Aside from ALE, you’ll typically need to document your property damage to initiate a visit from an adjuster (the professional who assesses the costs of repairing, restoring, or rebuilding). If you can’t access your property, it might be worth contacting your insurer to see whether it’s using drones to conduct initial damage assessments. That could help expedite the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Do the Stopgap Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The insurer can advise you about what repairs you should make right away to make your home habitable or to prevent further damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, if you need a plumber to close off water lines, check your state’s licensing board to find one who’s licensed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of where the plumber is from, check the Better Business Bureau from that region for complaints and other information. You also may find testimonials on local review sites for consumer services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even if the insurer sends you a check right away for that emergency work, you may have to pay the bill yourself first. Either way, keep receipts that you can later file with your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Get Your Coverage Details</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you contact your agent or insurance company, find out what’s covered in your policy. You can also probably find it on your account page on the insurer’s website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A standard homeowners insurance policy covers damage to the home’s structure as well as personal property, minus a deductible. The amount you’re paid will depend on the kind of coverage you have. “Replacement cost” coverage should pay for the cost of repairing or replacing your home and any lost or damaged items&nbsp;at today’s prices—without accounting for the original items’ depreciation. “Actual cash value” coverage will pay you the value of your home and the damaged items inside, after depreciation has been taken into account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Claim Small Water-Related Losses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Usually, CR advises avoiding filing claims for losses that appear to be less costly than the value of the deductible. That’s because if you later file other claims, the insurer could decide you’re reporting too many incidents and raise your premium—or refuse to renew your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But there may be exceptions after some storms. With water damage, small spots on a wall or ceiling could reflect a bigger mess behind the gypsum wallboard or plasterboard, says Amber Mostyn, a Houston attorney who represents consumers dealing with insurers. “Reporting it now shows you’ve reported in a timely manner,” she says. “And if you find something later, it could very well add up to above the deductible.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Prepare for the Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The insurance company will assign an adjuster, who will assess the damage and submit an estimate for review. Since the beginning of the pandemic, adjusters have increasingly been doing their work remotely—communicating through smartphone tools like FaceTime, Google Meet, and Skype—and accepting videos and photos directly from policyholders’ phones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">During the appointment, the adjuster may ask you to walk from room to room taking video with your phone, describing the damage and showing it in context and scale by zooming in and out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But if you’re not comfortable meeting virtually—or the damage appears to be considerable and severe—you can ask the insurer to have an adjuster come to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If that’s the case, ask the insurance company for the adjuster’s name before your appointment, then ask for identification before letting the person into your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of whether your adjuster’s visit is conducted virtually or in person, it helps to make a list of items that were destroyed or are in need of repair. Include the amount you paid for them and gather any receipts you can find.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can report more damage you discover after the adjuster’s appointment. Depending on the policy, a claim can stay open—and you can receive additional compensation—for many months after the initial report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Document All Your Transactions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After the adjuster’s appointment, remain in contact by email or text so that you have backup of all your communication. Keep notes about missed appointments, unreturned phone calls, what you discussed, and even whether the adjuster was rude. Though you probably won’t need this information, it will be useful if any disagreements have to be resolved in court.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Make copies of all documents, including everything you give to the adjuster, such as your list of property lost or damaged. If the adjuster advises you to get repairs, get that permission in writing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In an emergency situation, the first adjuster may be replaced by a new one during the claims process, so having correspondence in writing could be helpful to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Discuss Exclusions or Limits in Your Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After the appointment, the adjuster or a company representative may give you a better idea of what the insurer intends to pay for the entire claim. If your insurer maintains that your policy doesn’t cover all the damages or if you think the compensation is too low, ask the carrier’s rep to explain in writing how they got to the estimate. The rep should also include any reason certain items aren’t covered and whether there are any coverage limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have custom work in your house, an adjuster might not know how to properly estimate the value. Get an outside estimate from a contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you think the wording in the policy is misleading, contact a local plaintiff’s attorney who specializes in insurance law. The Consumer Federation of America says courts have consistently ruled in favor of policyholders on policy ambiguities. File a complaint with your state’s department of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Consider Hiring a Public Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have a very large claim, you may want to turn to a public adjuster, someone who works on your behalf and represents you during the process. But be aware of fees. In some states a public adjuster’s fees are capped, typically at 10 percent to 12 percent of the insurance payout. In other states there are no percentage caps, or adjusters charge an hourly or flat fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In Florida, public adjusters can charge up to 20 percent—but only in areas that haven’t been declared federal disaster areas. “Any claims in Florida related to Hurricane Ian will be capped at 10 percent,” says Brian Goodman, general counsel of the National Association of Public Insurance Adjusters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can check NAPIA’s website to find a public adjuster. Ask any candidate for references from past clients and look to see whether they have several years of experience and a state license where required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are four states where no licensing is in place: Alabama, Alaska, Arkansas, and South Dakota. “In those four states, it makes sense to consult with a lawyer who works with catastrophe victims to put you in touch with a reputable public adjuster,” Goodman advises.</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/homeowners-insurance/how-to-file-a-homeowners-insurance-claim-after-an-emergency-weather-natural-disaster-a4792985733/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to File a Homeowners Insurance Claim After a Storm?','','publish','closed','closed','','how-to-file-a-homeowners-insurance-claim-after-a-storm','','','2022-11-29 00:42:35','2022-11-29 00:42:35','',0,'http://smartinsurance.tips/?p=2824',0,'post','',0),(2825,1,'2022-11-29 00:35:54','2022-11-29 00:35:54','','Insurance-1','','inherit','closed','closed','','insurance-1-8','','','2022-11-29 00:35:54','2022-11-29 00:35:54','',2824,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-1.png',0,'attachment','image/png',0),(2826,1,'2022-11-29 00:42:35','2022-11-29 00:42:35','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Follow these tips to make sure you get your due.</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\":2825,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-1.png\" alt=\"\" class=\"wp-image-2825\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you’re out of harm’s way following a big storm, the hard work of restoring your home—and your life—begins. And the sooner you reach out to those who can offer assistance, the sooner relief will come your way.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Contact Your Insurer</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your first move: Reach out to your homeowners insurance agent. Your policy requires you to make a claim in a timely manner, and that starts with contacting the insurer. But that contact can also help you get financial help right away, beyond the assistance offered by nongovernmental agencies, your state, or the federal government.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many displaced victims of Hurricane Ian, for instance, could get money from their homeowners insurance companies immediately—without the usual paperwork—to help with the cost of living elsewhere. That coverage, standard in most homeowners’ and renters’ policies, is called additional living expenses (ALE) insurance. After recent major disasters, most homeowners insurance companies haven’t been requiring documentation of home damage before sending initial checks to policyholders, says Michael Barry, a spokesperson for the Insurance Information Institute, an industry group.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Some insurers may ask for proof that a home is not inhabitable, but they are in the minority based on what I have seen,” Barry says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You will eventually have to document the damage, but in the interim, ALE can help you cover costs like temporary housing, restaurant meals, laundry, extra commuting expenses, and pet boarding. It can also help with expenses when you’re dislocated because of mandatory evacuation orders—even if your own home is accessible and fine to live in.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Aside from ALE, you’ll typically need to document your property damage to initiate a visit from an adjuster (the professional who assesses the costs of repairing, restoring, or rebuilding). If you can’t access your property, it might be worth contacting your insurer to see whether it’s using drones to conduct initial damage assessments. That could help expedite the process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Do the Stopgap Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The insurer can advise you about what repairs you should make right away to make your home habitable or to prevent further damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, if you need a plumber to close off water lines, check your state’s licensing board to find one who’s licensed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of where the plumber is from, check the Better Business Bureau from that region for complaints and other information. You also may find testimonials on local review sites for consumer services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Even if the insurer sends you a check right away for that emergency work, you may have to pay the bill yourself first. Either way, keep receipts that you can later file with your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Get Your Coverage Details</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you contact your agent or insurance company, find out what’s covered in your policy. You can also probably find it on your account page on the insurer’s website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A standard homeowners insurance policy covers damage to the home’s structure as well as personal property, minus a deductible. The amount you’re paid will depend on the kind of coverage you have. “Replacement cost” coverage should pay for the cost of repairing or replacing your home and any lost or damaged items&nbsp;at today’s prices—without accounting for the original items’ depreciation. “Actual cash value” coverage will pay you the value of your home and the damaged items inside, after depreciation has been taken into account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Claim Small Water-Related Losses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Usually, CR advises avoiding filing claims for losses that appear to be less costly than the value of the deductible. That’s because if you later file other claims, the insurer could decide you’re reporting too many incidents and raise your premium—or refuse to renew your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But there may be exceptions after some storms. With water damage, small spots on a wall or ceiling could reflect a bigger mess behind the gypsum wallboard or plasterboard, says Amber Mostyn, a Houston attorney who represents consumers dealing with insurers. “Reporting it now shows you’ve reported in a timely manner,” she says. “And if you find something later, it could very well add up to above the deductible.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Prepare for the Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The insurance company will assign an adjuster, who will assess the damage and submit an estimate for review. Since the beginning of the pandemic, adjusters have increasingly been doing their work remotely—communicating through smartphone tools like FaceTime, Google Meet, and Skype—and accepting videos and photos directly from policyholders’ phones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">During the appointment, the adjuster may ask you to walk from room to room taking video with your phone, describing the damage and showing it in context and scale by zooming in and out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But if you’re not comfortable meeting virtually—or the damage appears to be considerable and severe—you can ask the insurer to have an adjuster come to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If that’s the case, ask the insurance company for the adjuster’s name before your appointment, then ask for identification before letting the person into your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of whether your adjuster’s visit is conducted virtually or in person, it helps to make a list of items that were destroyed or are in need of repair. Include the amount you paid for them and gather any receipts you can find.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can report more damage you discover after the adjuster’s appointment. Depending on the policy, a claim can stay open—and you can receive additional compensation—for many months after the initial report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Document All Your Transactions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After the adjuster’s appointment, remain in contact by email or text so that you have backup of all your communication. Keep notes about missed appointments, unreturned phone calls, what you discussed, and even whether the adjuster was rude. Though you probably won’t need this information, it will be useful if any disagreements have to be resolved in court.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Make copies of all documents, including everything you give to the adjuster, such as your list of property lost or damaged. If the adjuster advises you to get repairs, get that permission in writing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In an emergency situation, the first adjuster may be replaced by a new one during the claims process, so having correspondence in writing could be helpful to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Discuss Exclusions or Limits in Your Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After the appointment, the adjuster or a company representative may give you a better idea of what the insurer intends to pay for the entire claim. If your insurer maintains that your policy doesn’t cover all the damages or if you think the compensation is too low, ask the carrier’s rep to explain in writing how they got to the estimate. The rep should also include any reason certain items aren’t covered and whether there are any coverage limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have custom work in your house, an adjuster might not know how to properly estimate the value. Get an outside estimate from a contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you think the wording in the policy is misleading, contact a local plaintiff’s attorney who specializes in insurance law. The Consumer Federation of America says courts have consistently ruled in favor of policyholders on policy ambiguities. File a complaint with your state’s department of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Consider Hiring a Public Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have a very large claim, you may want to turn to a public adjuster, someone who works on your behalf and represents you during the process. But be aware of fees. In some states a public adjuster’s fees are capped, typically at 10 percent to 12 percent of the insurance payout. In other states there are no percentage caps, or adjusters charge an hourly or flat fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In Florida, public adjusters can charge up to 20 percent—but only in areas that haven’t been declared federal disaster areas. “Any claims in Florida related to Hurricane Ian will be capped at 10 percent,” says Brian Goodman, general counsel of the National Association of Public Insurance Adjusters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can check NAPIA’s website to find a public adjuster. Ask any candidate for references from past clients and look to see whether they have several years of experience and a state license where required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are four states where no licensing is in place: Alabama, Alaska, Arkansas, and South Dakota. “In those four states, it makes sense to consult with a lawyer who works with catastrophe victims to put you in touch with a reputable public adjuster,” Goodman advises.</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/homeowners-insurance/how-to-file-a-homeowners-insurance-claim-after-an-emergency-weather-natural-disaster-a4792985733/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to File a Homeowners Insurance Claim After a Storm?','','inherit','closed','closed','','2824-revision-v1','','','2022-11-29 00:42:35','2022-11-29 00:42:35','',2824,'http://smartinsurance.tips/?p=2826',0,'revision','',0),(2827,1,'2022-11-29 00:43:04','2022-11-29 00:43:04','','Insurance-1-1','','inherit','closed','closed','','insurance-1-1-2','','','2022-11-29 00:43:04','2022-11-29 00:43:04','',1925,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-1-1.png',0,'attachment','image/png',0),(2828,1,'2022-11-29 00:43:48','2022-11-29 00:43:48','<!-- wp:paragraph -->\n<p>Follow these tips to make sure you get your due.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><figcaption class=\"blocks-gallery-caption\"><br></figcaption></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve found a safe place to stay after a big storm, the hard work of restoring you home—and your life—begins. Getting your due from your homeowners insurance is a major part of that process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s how to get started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Contact Your Insurer</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first step is to get in touch with your insurer or the agent who sold you the homeowners insurance. Your policy requires you to make a claim in a timely manner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Generally speaking, you can’t make a claim until you’re able to document the property damage, says Michael Barry, a spokesperson for the New York-based Insurance Information Institute, an industry organization. So if you can’t access your property, you typically will have to wait to get things rolling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Still, it’s worth contacting the insurer to see whether it’s using drones to conduct initial damage assessments. Some insurers have been authorized by the Federal Aviation Administration to use drones that way for certain situations, Barry says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Do the Stopgap Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The insurer can advise you about what repairs you should make right away to make your home habitable or to prevent further damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if you need a plumber to close off water lines, check your state’s licensing board to find one who’s licensed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Regardless of where the plumber is from, check the Better Business Bureau from that region for complaints and other information. You also may find testimonials on local review sites for consumer services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even if the insurer sends you a check right away for that emergency work, you may have to pay the bill yourself first. Either way, keep receipts that you can later file with your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Get Your Coverage Details</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you contact your agent or insurance company, find out what’s covered in your policy. You can also probably find it on your account page on the insurer’s website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A standard homeowners insurance policy covers damage to the home’s structure as well as personal property, minus a deductible. The amount you’re paid will depend on the kind of coverage you have. Though “replacement cost” coverage should cover the cost of repairing or replacing your home and any lost or damaged items, “actual cash value” coverage will pay you the value of your home and the damaged items inside, less depreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your policy also may cover the “loss of use” of your home and additional living expenses (ALE) such as rent or hotel bills, restaurant meals, transportation, clothing, and other expenses—up to a limit—when your home becomes uninhabitable or inaccessible due to fire. If it’s accessible and habitable but you can’t go back to it due to mandatory evacuation orders, you’re covered for ALE, up to a limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Claim Small Water-Related Losses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Usually, CR advises avoiding filing claims for losses that appear to be less costly than the value of the deductible. That’s because if you later file other claims, the insurer could decide you’re reporting too many incidents and raise your premium—or refuse to renew your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there may be exceptions after some storms. With water damage, small spots on a wall or ceiling could reflect a bigger mess behind the gypsum wallboard or plasterboard, says Amber Mostyn, a Houston attorney who represents consumers dealing with insurers. “Reporting it now shows you’ve reported in a timely manner,” she says. “And if you find something later, it could very well add up to above the deductible.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Prepare for the Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The insurance company will assign an adjuster, who will assess the damage and submit an estimate for review. Since the beginning of the pandemic, adjusters have increasingly been doing their work remotely—communicating through smartphone tools like FaceTime, Google Duo, and Skype—and accepting videos and photos directly from policyholders’ phones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>During the appointment, the adjuster may ask you to walk from room to room taking video with your phone, describing the damage and showing it in context and scale by zooming in and out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But if you’re not comfortable dealing virtually—or the damage appears to be considerable and severe—you can ask the insurer to have an adjuster come to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If that’s the case, ask the insurance company for the adjuster’s name before your appointment, then ask for identification before letting the person into your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Regardless of whether your adjuster’s visit is conducted virtually or in person, it helps to make a list of items that were destroyed or are in need of repair. Include the amount you paid for them and gather any receipts you can find.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can report more damage you discover after the adjuster’s appointment. Depending on the policy, a claim can stay open—and you can receive additional compensation—for many months after the initial report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Document All Your Transactions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After the adjuster’s appointment, remain in contact by email or text so that you have backup of all your communication. Keep notes about missed appointments, unreturned phone calls, what you discussed, and even whether the adjuster was rude. Though you probably won’t need this information, it will be useful if any disagreements have to be resolved in court.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make copies of all documents, including everything you give to the adjuster, such as your list of property lost or damaged. If the adjuster advises you to get repairs, get that permission in writing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In an emergency situation, the first adjuster may be replaced by a new one during the claims process, so having correspondence in writing could be helpful to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Discuss Exclusions or Limits in Your Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After the appointment, the adjuster or a company representative may give you a better idea of what the insurer intends to pay for the entire claim. If your insurer maintains that your policy doesn’t cover all the damages or if you think the compensation is too low, ask the carrier’s rep to explain in writing how he or she got to the estimate. The rep should also include any reason certain items aren’t covered and whether there are any coverage limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have custom work in your house, an adjuster may not know how to properly estimate the value. Get an outside estimate from a contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you think the wording in the policy is misleading, contact a local plaintiff’s attorney who specializes in insurance law. The Consumer Federation of America notes that courts have consistently ruled in favor of policyholders on policy ambiguities. File a complaint with your state’s department of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Consider Hiring a Public Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have a very large claim, you may want to turn to a public adjuster, someone who works on your behalf and represents you during the process. But be aware of fees. In some states a public adjuster’s fees are capped, typically at 10 percent to 12 percent of the insurance payout. In other states there are either no caps or adjusters simply charge a flat fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To find a public adjuster, check with the&nbsp;<a href=\"https://www.napia.com/\" target=\"_blank\" rel=\"noreferrer noopener\">National Association of Public Insurance Adjusters</a>. Ask for references from past clients and look to see whether he or she has several years of experience and a state license where required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are four states where no licensing is required: Alabama, Alaska, Arkansas, and South Dakota. If you live in one of those states, Diane Swerling, a principal at Swerling Milton Winnick Public Insurance Adjusters in Wellesley, Mass., suggests contacting an attorney who works with catastrophe victims to help you find a reputable adjuster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.consumerreports.org/homeowners-insurance/how-to-file-a-homeowners-insurance-claim-after-an-emergency-weather-natural-disaster-a4792985733/?EXTKEY=NA19NHB1&amp;utm_source=acxiom&amp;utm_medium=email&amp;utm_campaign=20210908_nsltr_home&amp;utm_nsltr=home\">click here.</a></p>\n<!-- /wp:paragraph -->','How to File a Homeowners Insurance Claim After a Storm','','inherit','closed','closed','','1925-autosave-v1','','','2022-11-29 00:43:48','2022-11-29 00:43:48','',1925,'http://smartinsurance.tips/?p=2828',0,'revision','',0),(2829,1,'2022-11-29 00:43:50','2022-11-29 00:43:50','','Insurance-1-2','','inherit','closed','closed','','insurance-1-2-2','','','2022-11-29 00:43:50','2022-11-29 00:43:50','',1925,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-1-2.png',0,'attachment','image/png',0),(2830,1,'2022-11-29 00:43:56','2022-11-29 00:43:56','<!-- wp:paragraph -->\n<p>Follow these tips to make sure you get your due.</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\":2829,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-1-2.png\" alt=\"\" class=\"wp-image-2829\"/></figure>\n<!-- /wp:image --><figcaption class=\"blocks-gallery-caption\"><br></figcaption></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Once you’ve found a safe place to stay after a big storm, the hard work of restoring you home—and your life—begins. Getting your due from your homeowners insurance is a major part of that process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here’s how to get started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Contact Your Insurer</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first step is to get in touch with your insurer or the agent who sold you the homeowners insurance. Your policy requires you to make a claim in a timely manner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Generally speaking, you can’t make a claim until you’re able to document the property damage, says Michael Barry, a spokesperson for the New York-based Insurance Information Institute, an industry organization. So if you can’t access your property, you typically will have to wait to get things rolling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Still, it’s worth contacting the insurer to see whether it’s using drones to conduct initial damage assessments. Some insurers have been authorized by the Federal Aviation Administration to use drones that way for certain situations, Barry says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Do the Stopgap Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The insurer can advise you about what repairs you should make right away to make your home habitable or to prevent further damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if you need a plumber to close off water lines, check your state’s licensing board to find one who’s licensed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Regardless of where the plumber is from, check the Better Business Bureau from that region for complaints and other information. You also may find testimonials on local review sites for consumer services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even if the insurer sends you a check right away for that emergency work, you may have to pay the bill yourself first. Either way, keep receipts that you can later file with your claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Get Your Coverage Details</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you contact your agent or insurance company, find out what’s covered in your policy. You can also probably find it on your account page on the insurer’s website.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A standard homeowners insurance policy covers damage to the home’s structure as well as personal property, minus a deductible. The amount you’re paid will depend on the kind of coverage you have. Though “replacement cost” coverage should cover the cost of repairing or replacing your home and any lost or damaged items, “actual cash value” coverage will pay you the value of your home and the damaged items inside, less depreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your policy also may cover the “loss of use” of your home and additional living expenses (ALE) such as rent or hotel bills, restaurant meals, transportation, clothing, and other expenses—up to a limit—when your home becomes uninhabitable or inaccessible due to fire. If it’s accessible and habitable but you can’t go back to it due to mandatory evacuation orders, you’re covered for ALE, up to a limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Claim Small Water-Related Losses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Usually, CR advises avoiding filing claims for losses that appear to be less costly than the value of the deductible. That’s because if you later file other claims, the insurer could decide you’re reporting too many incidents and raise your premium—or refuse to renew your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there may be exceptions after some storms. With water damage, small spots on a wall or ceiling could reflect a bigger mess behind the gypsum wallboard or plasterboard, says Amber Mostyn, a Houston attorney who represents consumers dealing with insurers. “Reporting it now shows you’ve reported in a timely manner,” she says. “And if you find something later, it could very well add up to above the deductible.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Prepare for the Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The insurance company will assign an adjuster, who will assess the damage and submit an estimate for review. Since the beginning of the pandemic, adjusters have increasingly been doing their work remotely—communicating through smartphone tools like FaceTime, Google Duo, and Skype—and accepting videos and photos directly from policyholders’ phones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>During the appointment, the adjuster may ask you to walk from room to room taking video with your phone, describing the damage and showing it in context and scale by zooming in and out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But if you’re not comfortable dealing virtually—or the damage appears to be considerable and severe—you can ask the insurer to have an adjuster come to your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If that’s the case, ask the insurance company for the adjuster’s name before your appointment, then ask for identification before letting the person into your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Regardless of whether your adjuster’s visit is conducted virtually or in person, it helps to make a list of items that were destroyed or are in need of repair. Include the amount you paid for them and gather any receipts you can find.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can report more damage you discover after the adjuster’s appointment. Depending on the policy, a claim can stay open—and you can receive additional compensation—for many months after the initial report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Document All Your Transactions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After the adjuster’s appointment, remain in contact by email or text so that you have backup of all your communication. Keep notes about missed appointments, unreturned phone calls, what you discussed, and even whether the adjuster was rude. Though you probably won’t need this information, it will be useful if any disagreements have to be resolved in court.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Make copies of all documents, including everything you give to the adjuster, such as your list of property lost or damaged. If the adjuster advises you to get repairs, get that permission in writing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In an emergency situation, the first adjuster may be replaced by a new one during the claims process, so having correspondence in writing could be helpful to you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Discuss Exclusions or Limits in Your Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After the appointment, the adjuster or a company representative may give you a better idea of what the insurer intends to pay for the entire claim. If your insurer maintains that your policy doesn’t cover all the damages or if you think the compensation is too low, ask the carrier’s rep to explain in writing how he or she got to the estimate. The rep should also include any reason certain items aren’t covered and whether there are any coverage limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have custom work in your house, an adjuster may not know how to properly estimate the value. Get an outside estimate from a contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you think the wording in the policy is misleading, contact a local plaintiff’s attorney who specializes in insurance law. The Consumer Federation of America notes that courts have consistently ruled in favor of policyholders on policy ambiguities. File a complaint with your state’s department of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Consider Hiring a Public Adjuster</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you have a very large claim, you may want to turn to a public adjuster, someone who works on your behalf and represents you during the process. But be aware of fees. In some states a public adjuster’s fees are capped, typically at 10 percent to 12 percent of the insurance payout. In other states there are either no caps or adjusters simply charge a flat fee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To find a public adjuster, check with the&nbsp;<a href=\"https://www.napia.com/\" target=\"_blank\" rel=\"noreferrer noopener\">National Association of Public Insurance Adjusters</a>. Ask for references from past clients and look to see whether he or she has several years of experience and a state license where required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are four states where no licensing is required: Alabama, Alaska, Arkansas, and South Dakota. If you live in one of those states, Diane Swerling, a principal at Swerling Milton Winnick Public Insurance Adjusters in Wellesley, Mass., suggests contacting an attorney who works with catastrophe victims to help you find a reputable adjuster.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.consumerreports.org/homeowners-insurance/how-to-file-a-homeowners-insurance-claim-after-an-emergency-weather-natural-disaster-a4792985733/?EXTKEY=NA19NHB1&amp;utm_source=acxiom&amp;utm_medium=email&amp;utm_campaign=20210908_nsltr_home&amp;utm_nsltr=home\">click here.</a></p>\n<!-- /wp:paragraph -->','How to File a Homeowners Insurance Claim After a Storm','','inherit','closed','closed','','1925-revision-v1','','','2022-11-29 00:43:56','2022-11-29 00:43:56','',1925,'http://smartinsurance.tips/?p=2830',0,'revision','',0),(2831,1,'2022-11-29 00:55:28','2022-11-29 00:55:28','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2832,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-2.png\" alt=\"\" class=\"wp-image-2832\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now more than ever, travel insurance is an important part of a vacation to-do list. A robust travel insurance policy provides financial protection for trip deposits, your health and travel problems such as delays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best travel insurance plans package together benefits for trip cancellation, trip delay, trip interruption, baggage protection, medical expenses and emergency medical evacuation. But timing is everything. To lock in the best protection, buy travel insurance shortly after you’ve made your first trip deposit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Travel insurance should be purchased as early as possible for protection during your pre-departure time,” says Christine Buggy, spokesperson with Travelex Insurance Services. “We recommend purchasing a plan when you make your first trip payment so you can move forward with some peace of mind.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Best Time to Buy Travel Insurance: Early and with No Regrets</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you book a vacation and make trip deposits, it’s smart to buy a travel insurance plan within 15 days or so. That way, you can maximize your coverage, and you won’t miss out on optional upgrades that require purchase soon after your initial trip deposits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Even if you don’t have all the logistics for your trip, as soon as you have some money down on your flight or a house rental, for example, get your travel insurance,” advises Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re still mapping out plans, or you change your itinerary, don’t fret. You can make adjustments to a travel insurance policy by requesting a plan change. You can then update your total trip cost or tweak your travel dates. Don’t feel like you need to have everything finalized before looking into travel insurance, says Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Better Trip Cancellation Travel Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re buying travel insurance for the first time, you may not realize that your trip cancellation benefits start the day you purchase the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“No one plans to get sick, but unfortunately, it does happen, so you can see where it’s beneficial to have an insurance policy in place weeks or ideally months in advance to ensure you’re financially protected,” says Buggy. “If you get sick or hurt before leaving for your trip and need to cancel, travel insurance can help to recover your non-refundable, prepaid trip costs.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Standard trip cancellation insurance plan covers a specific list of cancellation reasons. You can get reimbursed for prepaid and non-refundable trip expenses if you have to cancel your trip for one of these reasons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Acceptable cancellation reasons usually include illness or injury to you, a travel companion or a family member; death of a travel companion or close family member; military orders; a serious family emergency; a travel supplier going bankrupt; severe weather; a sudden job loss; civil unrest and acts of terrorism. Be sure to review the cancellation reasons in your policy.<br>When you purchase travel insurance early, you are protected for the longest length of time if you need to cancel for a reason listed in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition, Buggy at Travelex suggests opting for travel insurance with coverage for Covid-related medical issues and cancellation. Some insurance companies, including Travelex, treat Covid like any other illness and cover you if you get the virus before or during your trip. But not all insurers do, so be sure to check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Locking in “Cancel for any Reason” Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Not all reasons for cancellation are covered by a standard travel insurance policy, regardless of when you bought it. For example, if there’s a spike in Covid cases at your destination, or you discover that it will be raining during your beach trip, you would not be able to use trip cancellation benefits. If you want an escape hatch to cancel no matter what, consider adding “cancel for any reason” coverage to your travel insurance plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“The ‘cancel for any reason’ upgrade is available when purchased at the time of initial plan purchase and within 15 days of initial trip payment,” says Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This add-on will increase your travel insurance price by an average of 50% but will give you the ability to cancel your trip for any reason and receive some reimbursement, as long as you cancel at least 48 hours before your scheduled departure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Cancel for any reason” coverage generally reimburses 50% or 75% of nonrefundable trip costs. Not all travel insurance companies offer this option, so if you’re interested in it, make sure you buy a plan that has this option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Buying “Interruption for any Reason” Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Standard trip interruption travel insurance compensates prepaid, non-refundable trip expenses, such as airfare, hotel stays and activities that were booked in advance, if your trip is unexpectedly interrupted by a reason listed in your policy. It also pays for a last-minute flight home and associated expenses. But not all reasons to cut your trip short are covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Interruption for any reason” (IFAR) coverage allows you to return home early, no matter what the reason. Like “cancel for any reason” upgrades, you must buy IFAR coverage within the first 15 or 20 days of your first trip deposit, and it reimburses up to 75% of insured trip costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It usually adds 3% to 10% to the cost of a travel insurance plan. Also, be aware that “interruption for any reason” coverage typically doesn’t start until 48 hours or more into your trip.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Getting a Pre-existing Medical Condition Exclusion Waiver</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another key benefit of purchasing travel insurance when you book a trip relates to travel medical insurance, says Scott Adamski, spokesperson with AIG Travel. Travel medical insurance pays for hospital and doctor bills, lab work, medicine, X-rays and other medical services, up to your policy limits, if you are injured or become ill on your trip. However, pre-existing medical conditions aren’t covered unless you have a pre-existing medical exclusion waiver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“By purchasing your travel insurance within 15 days of making an initial deposit on your trip, the exclusion for pre-existing medical conditions will be waived for covered losses resulting from a pre-existing medical condition, whether it’s yours, that of a traveling companion or any immediate family that you might need to stay home and care for,” says Adamski.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Travel Assistance Before and During a Trip</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">All travel insurance companies provide 24/7support services, and some include concierge services in their travel insurance plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“These services are often utilized during travel, but many travelers don’t realize they can be used right away when you purchase an insurance plan,” says Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">She cites these examples of pre-departure services that are usually offered—and that are free—that you can use as soon as you buy a travel insurance plan:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Passport/visa requirements and replacement</li><li>Travel-related health advisories</li><li>Vaccine requirements and recommendations</li><li>Currency information</li><li>Weather information</li><li>Restaurant/hotel/shopping recommendations and reservations</li><li>Local transport information and reservations</li><li>Event ticketing and suggestions</li><li>Golf course referrals and tee times</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Amending and Updating a Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You don’t need to have your complete itinerary finalized before buying insurance for a trip.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Travelers can purchase travel insurance plans even before they know every single element that might be included in their trip,” says Adamski with AIG.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You only need one element of the trip to be in place to buy a travel insurance policy. For example, if you book a cruise for 2023 but haven’t yet booked the flight or excursions, Adamski says you can still shop for a plan because you have made a payment for the cruise. Later, you can add other costs for travel arrangements to be covered under that plan as you book them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“This way, you can still take advantage of the pre-existing medical condition exclusion waiver, ‘cancel-for-any-reason’ and other pre-departure benefits,” Adamski says. “So, knowing that you have coverage now for many factors that might affect your ability to take your trip in 2023 will mean that you can focus on the fun stuff, rather than worrying about the what-ifs.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Other Bonuses to Buying Travel Insurance Early</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">By purchasing travel insurance early on, you lock in coverage for unforeseen problems that can happen before you even leave.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, the Travelex Travel Basic plan includes financial default coverage and cancellation for business reasons. Financial default insurance can reimburse your trip costs if your travel company suspends operations due to financial issues. If you experience unforeseen work-related issues covered in your policy and can’t go on the trip, cancellation insurance that covers business problems can cover your costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">These are great perks at no additional cost to travelers, says Buggy at Travelex. “The key is to get your plan early on during those first 15 days from putting money down on your trip,” she advises.</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/travel-insurance/advantages-to-buying-travel-insurance-early/\">click here.</a></p>\n<!-- /wp:paragraph -->','Advantages To Buying Travel Insurance Right After You Book A Trip','','publish','closed','closed','','advantages-to-buying-travel-insurance-right-after-you-book-a-trip','','','2022-11-29 00:55:28','2022-11-29 00:55:28','',0,'http://smartinsurance.tips/?p=2831',0,'post','',0),(2832,1,'2022-11-29 00:50:30','2022-11-29 00:50:30','','Insurance-2','','inherit','closed','closed','','insurance-2-8','','','2022-11-29 00:50:30','2022-11-29 00:50:30','',2831,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-2.png',0,'attachment','image/png',0),(2833,1,'2022-11-29 00:55:28','2022-11-29 00:55:28','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2832,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-2.png\" alt=\"\" class=\"wp-image-2832\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now more than ever, travel insurance is an important part of a vacation to-do list. A robust travel insurance policy provides financial protection for trip deposits, your health and travel problems such as delays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The best travel insurance plans package together benefits for trip cancellation, trip delay, trip interruption, baggage protection, medical expenses and emergency medical evacuation. But timing is everything. To lock in the best protection, buy travel insurance shortly after you’ve made your first trip deposit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Travel insurance should be purchased as early as possible for protection during your pre-departure time,” says Christine Buggy, spokesperson with Travelex Insurance Services. “We recommend purchasing a plan when you make your first trip payment so you can move forward with some peace of mind.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Best Time to Buy Travel Insurance: Early and with No Regrets</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When you book a vacation and make trip deposits, it’s smart to buy a travel insurance plan within 15 days or so. That way, you can maximize your coverage, and you won’t miss out on optional upgrades that require purchase soon after your initial trip deposits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Even if you don’t have all the logistics for your trip, as soon as you have some money down on your flight or a house rental, for example, get your travel insurance,” advises Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re still mapping out plans, or you change your itinerary, don’t fret. You can make adjustments to a travel insurance policy by requesting a plan change. You can then update your total trip cost or tweak your travel dates. Don’t feel like you need to have everything finalized before looking into travel insurance, says Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Better Trip Cancellation Travel Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re buying travel insurance for the first time, you may not realize that your trip cancellation benefits start the day you purchase the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“No one plans to get sick, but unfortunately, it does happen, so you can see where it’s beneficial to have an insurance policy in place weeks or ideally months in advance to ensure you’re financially protected,” says Buggy. “If you get sick or hurt before leaving for your trip and need to cancel, travel insurance can help to recover your non-refundable, prepaid trip costs.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Standard trip cancellation insurance plan covers a specific list of cancellation reasons. You can get reimbursed for prepaid and non-refundable trip expenses if you have to cancel your trip for one of these reasons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Acceptable cancellation reasons usually include illness or injury to you, a travel companion or a family member; death of a travel companion or close family member; military orders; a serious family emergency; a travel supplier going bankrupt; severe weather; a sudden job loss; civil unrest and acts of terrorism. Be sure to review the cancellation reasons in your policy.<br>When you purchase travel insurance early, you are protected for the longest length of time if you need to cancel for a reason listed in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition, Buggy at Travelex suggests opting for travel insurance with coverage for Covid-related medical issues and cancellation. Some insurance companies, including Travelex, treat Covid like any other illness and cover you if you get the virus before or during your trip. But not all insurers do, so be sure to check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Locking in “Cancel for any Reason” Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Not all reasons for cancellation are covered by a standard travel insurance policy, regardless of when you bought it. For example, if there’s a spike in Covid cases at your destination, or you discover that it will be raining during your beach trip, you would not be able to use trip cancellation benefits. If you want an escape hatch to cancel no matter what, consider adding “cancel for any reason” coverage to your travel insurance plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“The ‘cancel for any reason’ upgrade is available when purchased at the time of initial plan purchase and within 15 days of initial trip payment,” says Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This add-on will increase your travel insurance price by an average of 50% but will give you the ability to cancel your trip for any reason and receive some reimbursement, as long as you cancel at least 48 hours before your scheduled departure.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Cancel for any reason” coverage generally reimburses 50% or 75% of nonrefundable trip costs. Not all travel insurance companies offer this option, so if you’re interested in it, make sure you buy a plan that has this option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Buying “Interruption for any Reason” Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Standard trip interruption travel insurance compensates prepaid, non-refundable trip expenses, such as airfare, hotel stays and activities that were booked in advance, if your trip is unexpectedly interrupted by a reason listed in your policy. It also pays for a last-minute flight home and associated expenses. But not all reasons to cut your trip short are covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Interruption for any reason” (IFAR) coverage allows you to return home early, no matter what the reason. Like “cancel for any reason” upgrades, you must buy IFAR coverage within the first 15 or 20 days of your first trip deposit, and it reimburses up to 75% of insured trip costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It usually adds 3% to 10% to the cost of a travel insurance plan. Also, be aware that “interruption for any reason” coverage typically doesn’t start until 48 hours or more into your trip.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Getting a Pre-existing Medical Condition Exclusion Waiver</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another key benefit of purchasing travel insurance when you book a trip relates to travel medical insurance, says Scott Adamski, spokesperson with AIG Travel. Travel medical insurance pays for hospital and doctor bills, lab work, medicine, X-rays and other medical services, up to your policy limits, if you are injured or become ill on your trip. However, pre-existing medical conditions aren’t covered unless you have a pre-existing medical exclusion waiver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“By purchasing your travel insurance within 15 days of making an initial deposit on your trip, the exclusion for pre-existing medical conditions will be waived for covered losses resulting from a pre-existing medical condition, whether it’s yours, that of a traveling companion or any immediate family that you might need to stay home and care for,” says Adamski.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Travel Assistance Before and During a Trip</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">All travel insurance companies provide 24/7support services, and some include concierge services in their travel insurance plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“These services are often utilized during travel, but many travelers don’t realize they can be used right away when you purchase an insurance plan,” says Buggy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">She cites these examples of pre-departure services that are usually offered—and that are free—that you can use as soon as you buy a travel insurance plan:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Passport/visa requirements and replacement</li><li>Travel-related health advisories</li><li>Vaccine requirements and recommendations</li><li>Currency information</li><li>Weather information</li><li>Restaurant/hotel/shopping recommendations and reservations</li><li>Local transport information and reservations</li><li>Event ticketing and suggestions</li><li>Golf course referrals and tee times</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Amending and Updating a Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You don’t need to have your complete itinerary finalized before buying insurance for a trip.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Travelers can purchase travel insurance plans even before they know every single element that might be included in their trip,” says Adamski with AIG.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You only need one element of the trip to be in place to buy a travel insurance policy. For example, if you book a cruise for 2023 but haven’t yet booked the flight or excursions, Adamski says you can still shop for a plan because you have made a payment for the cruise. Later, you can add other costs for travel arrangements to be covered under that plan as you book them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“This way, you can still take advantage of the pre-existing medical condition exclusion waiver, ‘cancel-for-any-reason’ and other pre-departure benefits,” Adamski says. “So, knowing that you have coverage now for many factors that might affect your ability to take your trip in 2023 will mean that you can focus on the fun stuff, rather than worrying about the what-ifs.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Other Bonuses to Buying Travel Insurance Early</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">By purchasing travel insurance early on, you lock in coverage for unforeseen problems that can happen before you even leave.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, the Travelex Travel Basic plan includes financial default coverage and cancellation for business reasons. Financial default insurance can reimburse your trip costs if your travel company suspends operations due to financial issues. If you experience unforeseen work-related issues covered in your policy and can’t go on the trip, cancellation insurance that covers business problems can cover your costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">These are great perks at no additional cost to travelers, says Buggy at Travelex. “The key is to get your plan early on during those first 15 days from putting money down on your trip,” she advises.</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/travel-insurance/advantages-to-buying-travel-insurance-early/\">click here.</a></p>\n<!-- /wp:paragraph -->','Advantages To Buying Travel Insurance Right After You Book A Trip','','inherit','closed','closed','','2831-revision-v1','','','2022-11-29 00:55:28','2022-11-29 00:55:28','',2831,'http://smartinsurance.tips/?p=2833',0,'revision','',0),(2834,1,'2022-11-29 01:01:00','2022-11-29 01:01:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2835,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Incurance-3.png\" alt=\"\" class=\"wp-image-2835\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cybersecurity insurance, also called&nbsp;<em>cyber liability insurance</em>&nbsp;or&nbsp;<em>cyber insurance</em>, is a contract that an entity can purchase to help reduce the financial risks associated with doing business online. In exchange for a monthly or quarterly fee, the insurance policy transfers some of the risk to the insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cybersecurity insurance is a new and emerging industry. Companies that purchase cybersecurity insurance today are considered early adopters. Cybersecurity policies can change from one month to the next, given the dynamic and fluctuating nature of the associated cyber-risks. Unlike well-established insurance plans, underwriters of cybersecurity insurance policies have limited data to formulate risk models to determine insurance policy coverages, rates and premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance has its origins in errors and omissions (E&amp;O) insurance, a separate form of insurance that protects against faults and defects in the services a company provides. E&amp;O insurance is analogous to product liability policies for companies that sell physical or digital products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While some cyber insurance policies contain specific provisions for E&amp;O, most providers sell these as separate and distinct policies. E&amp;O insurance does not cover the loss of third-party data, such as customer credit card numbers; customers needing such protection can purchase a cyber insurance policy that covers it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Why is cyber insurance important?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The loss, compromise or theft of electronic data can have a negative impact on a business, including the loss of customers and revenue. Businesses may be liable for damages stemming from the theft of third-party data. Cyber liability coverage is important to protect businesses against the risk of cyber events, including those associated with terrorism. Cyber-risk coverage can assist in the timely remediation of cyber attacks and incidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In 2011, Sony\'s PlayStation Network was breached by hackers, exposing personally identifiable information (PII) of 77 million PlayStation user accounts. The breach prevented users of PlayStation consoles from accessing the service, an outage that lasted for 23 days. Sony incurred over $171 million in costs related to the breach. Portions of this cost could have been covered by a cyber insurance policy, but Sony did not have one in place. A court case ruled that Sony\'s insurance policy covered damage to physical property only, leaving Sony to incur the full amount of costs related to cyber damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How does cyber insurance work?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance policies are sold by many of the same suppliers that provide related business insurance, such as E&amp;O insurance, business liability insurance and commercial property insurance. Most policies include first-party coverage, which applies to losses that directly impact a company, and third-party coverage, which applies to losses suffered by others from a cyber event or incident, based on their business relationship with that company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance policies help cover the financial losses that result from cyber events and incidents. In addition, cyber-risk coverage helps with the costs associated with remediation, including payment for the legal assistance, investigators, crisis communicators, and customer credits or refunds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Who needs cyber insurance?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Businesses that create, store and manage electronic data online, such as customer contacts, customer sales, PII and credit card numbers, can benefit from cyber insurance. In addition, e-commerce businesses can benefit from cyber insurance, since downtime related to cyber incidents can cause a loss in sales and customers. Similarly, any business that stores customer information on a website can benefit from the liability coverage that cyber insurance policies provide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">What is covered and not covered by cyber insurance?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In the United States, most major insurance companies offer customers cybersecurity insurance policy options. Depending on the price and type of policy, the customer can expect to be covered for extra expenditures resulting from the physical destruction or theft of information technology (IT) assets. Such expenditures typically include costs associated with the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>meeting extortion demands from a ransomware attack;</li><li>notifying customers when a security breach has occurred;</li><li>paying legal fees levied as a result of privacy violations;</li><li>hiring computer forensics experts to recover compromised data;</li><li>restoring identities of customers whose PII was compromised;</li><li>recovering data that has been altered or stolen; and</li><li>repairing or replacing damaged or compromised computer systems.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Traditional insurance policies typically exclude cyber-risks, and this has led to the growth of cybersecurity insurance as a separate, stand-alone type of coverage. Potential customers include any company that accepts digital payments or stores PII about customers, including medical and financial information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some cyber insurance policies cover the cost of providing credit monitoring services for customers affected by a data breach. In September 2017, Equifax, a consumer credit reporting agency, suffered a data breach that exposed the personal information of 147 million people. In 2019, Equifax reached a settlement with the U.S. Federal Trade Commission (FTC). As part of the settlement, Equifax agreed to spend $425 million to provide free credit reporting, cash payments -- e.g., for those already enrolled with a credit monitoring service -- reimbursement for time or money spent on recovering from identity theft and free identity restoration services. A cyber insurance policy could have paid for part of the $425 million cost of Equifax\'s settlement, assuming the circumstances of its data breach were covered by such a policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many entry-level cybersecurity insurance policies only cover first-party losses, but some insurers are beginning to offer policies that cover third-party liability losses as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many cybersecurity policies exclude preventable security issues caused by humans, such as poor configuration management or the careless mishandling of digital assets. Other issues excluded by cybersecurity policies include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>preexisting or prior breaches or cyber events, such as incidents that occurred before the policy was purchased;</li><li>cyber events initiated and caused by employees or insiders;</li><li>infrastructure failures not caused by a purposeful cyber attack;</li><li>failure to correct a known vulnerability, such as a company that knows that a vulnerability exists, fails to address it and is then compromised from that vulnerability; and</li><li>the cost to improve technology systems, including security hardening in systems or applications.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How to choose a cybersecurity insurance policy and how much does cyber insurance cost?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Typically, cyber insurance pricing is based on the insured entity\'s annual revenue and industry. To qualify for coverage, the individual or entity typically must submit to a security audit by the insurance company or provide documentation with the assistance of an approved assessment tool, such as that offered by the Federal Financial Institutions Examination Council (FFIEC). The results from a security audit or the documentation from approved assessment tools will factor into the types of coverage provided by the cyber insurance provider, as well as the cost of the premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As of 2019, the cybersecurity market is still young, and many companies are choosing to forgo this type of insurance because of its uncertain return on investment (ROI). In the United States, the Cybersecurity and Infrastructure Security Agency (CISA), which operates under the Department of Homeland Security (DHS), is encouraging businesses to improve their cybersecurity in return for more coverage at more affordable rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because cybersecurity insurance is new, policies will vary widely from one provider to the next. To choose a policy, companies should closely review policy details to ensure it contains the necessary protections and provisions. In addition, companies should evaluate whether policies provide protection against known and emerging cyber incidents and threat profiles.</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.techtarget.com/searchsecurity/definition/cybersecurity-insurance-cybersecurity-liability-insurance\">click here.</a></p>\n<!-- /wp:paragraph -->','What is cybersecurity insurance (cybersecurity liability insurance)?','','publish','closed','closed','','what-is-cybersecurity-insurance-cybersecurity-liability-insurance','','','2022-11-29 01:01:00','2022-11-29 01:01:00','',0,'http://smartinsurance.tips/?p=2834',0,'post','',0),(2835,1,'2022-11-29 00:56:54','2022-11-29 00:56:54','','Incurance-3','','inherit','closed','closed','','incurance-3','','','2022-11-29 00:56:54','2022-11-29 00:56:54','',2834,'http://smartinsurance.tips/wp-content/uploads/2022/11/Incurance-3.png',0,'attachment','image/png',0),(2836,1,'2022-11-29 01:01:00','2022-11-29 01:01:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2835,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Incurance-3.png\" alt=\"\" class=\"wp-image-2835\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cybersecurity insurance, also called&nbsp;<em>cyber liability insurance</em>&nbsp;or&nbsp;<em>cyber insurance</em>, is a contract that an entity can purchase to help reduce the financial risks associated with doing business online. In exchange for a monthly or quarterly fee, the insurance policy transfers some of the risk to the insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cybersecurity insurance is a new and emerging industry. Companies that purchase cybersecurity insurance today are considered early adopters. Cybersecurity policies can change from one month to the next, given the dynamic and fluctuating nature of the associated cyber-risks. Unlike well-established insurance plans, underwriters of cybersecurity insurance policies have limited data to formulate risk models to determine insurance policy coverages, rates and premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance has its origins in errors and omissions (E&amp;O) insurance, a separate form of insurance that protects against faults and defects in the services a company provides. E&amp;O insurance is analogous to product liability policies for companies that sell physical or digital products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While some cyber insurance policies contain specific provisions for E&amp;O, most providers sell these as separate and distinct policies. E&amp;O insurance does not cover the loss of third-party data, such as customer credit card numbers; customers needing such protection can purchase a cyber insurance policy that covers it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Why is cyber insurance important?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The loss, compromise or theft of electronic data can have a negative impact on a business, including the loss of customers and revenue. Businesses may be liable for damages stemming from the theft of third-party data. Cyber liability coverage is important to protect businesses against the risk of cyber events, including those associated with terrorism. Cyber-risk coverage can assist in the timely remediation of cyber attacks and incidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In 2011, Sony\'s PlayStation Network was breached by hackers, exposing personally identifiable information (PII) of 77 million PlayStation user accounts. The breach prevented users of PlayStation consoles from accessing the service, an outage that lasted for 23 days. Sony incurred over $171 million in costs related to the breach. Portions of this cost could have been covered by a cyber insurance policy, but Sony did not have one in place. A court case ruled that Sony\'s insurance policy covered damage to physical property only, leaving Sony to incur the full amount of costs related to cyber damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How does cyber insurance work?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance policies are sold by many of the same suppliers that provide related business insurance, such as E&amp;O insurance, business liability insurance and commercial property insurance. Most policies include first-party coverage, which applies to losses that directly impact a company, and third-party coverage, which applies to losses suffered by others from a cyber event or incident, based on their business relationship with that company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Cyber insurance policies help cover the financial losses that result from cyber events and incidents. In addition, cyber-risk coverage helps with the costs associated with remediation, including payment for the legal assistance, investigators, crisis communicators, and customer credits or refunds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Who needs cyber insurance?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Businesses that create, store and manage electronic data online, such as customer contacts, customer sales, PII and credit card numbers, can benefit from cyber insurance. In addition, e-commerce businesses can benefit from cyber insurance, since downtime related to cyber incidents can cause a loss in sales and customers. Similarly, any business that stores customer information on a website can benefit from the liability coverage that cyber insurance policies provide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">What is covered and not covered by cyber insurance?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In the United States, most major insurance companies offer customers cybersecurity insurance policy options. Depending on the price and type of policy, the customer can expect to be covered for extra expenditures resulting from the physical destruction or theft of information technology (IT) assets. Such expenditures typically include costs associated with the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>meeting extortion demands from a ransomware attack;</li><li>notifying customers when a security breach has occurred;</li><li>paying legal fees levied as a result of privacy violations;</li><li>hiring computer forensics experts to recover compromised data;</li><li>restoring identities of customers whose PII was compromised;</li><li>recovering data that has been altered or stolen; and</li><li>repairing or replacing damaged or compromised computer systems.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Traditional insurance policies typically exclude cyber-risks, and this has led to the growth of cybersecurity insurance as a separate, stand-alone type of coverage. Potential customers include any company that accepts digital payments or stores PII about customers, including medical and financial information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some cyber insurance policies cover the cost of providing credit monitoring services for customers affected by a data breach. In September 2017, Equifax, a consumer credit reporting agency, suffered a data breach that exposed the personal information of 147 million people. In 2019, Equifax reached a settlement with the U.S. Federal Trade Commission (FTC). As part of the settlement, Equifax agreed to spend $425 million to provide free credit reporting, cash payments -- e.g., for those already enrolled with a credit monitoring service -- reimbursement for time or money spent on recovering from identity theft and free identity restoration services. A cyber insurance policy could have paid for part of the $425 million cost of Equifax\'s settlement, assuming the circumstances of its data breach were covered by such a policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many entry-level cybersecurity insurance policies only cover first-party losses, but some insurers are beginning to offer policies that cover third-party liability losses as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many cybersecurity policies exclude preventable security issues caused by humans, such as poor configuration management or the careless mishandling of digital assets. Other issues excluded by cybersecurity policies include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>preexisting or prior breaches or cyber events, such as incidents that occurred before the policy was purchased;</li><li>cyber events initiated and caused by employees or insiders;</li><li>infrastructure failures not caused by a purposeful cyber attack;</li><li>failure to correct a known vulnerability, such as a company that knows that a vulnerability exists, fails to address it and is then compromised from that vulnerability; and</li><li>the cost to improve technology systems, including security hardening in systems or applications.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">How to choose a cybersecurity insurance policy and how much does cyber insurance cost?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Typically, cyber insurance pricing is based on the insured entity\'s annual revenue and industry. To qualify for coverage, the individual or entity typically must submit to a security audit by the insurance company or provide documentation with the assistance of an approved assessment tool, such as that offered by the Federal Financial Institutions Examination Council (FFIEC). The results from a security audit or the documentation from approved assessment tools will factor into the types of coverage provided by the cyber insurance provider, as well as the cost of the premiums.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As of 2019, the cybersecurity market is still young, and many companies are choosing to forgo this type of insurance because of its uncertain return on investment (ROI). In the United States, the Cybersecurity and Infrastructure Security Agency (CISA), which operates under the Department of Homeland Security (DHS), is encouraging businesses to improve their cybersecurity in return for more coverage at more affordable rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Because cybersecurity insurance is new, policies will vary widely from one provider to the next. To choose a policy, companies should closely review policy details to ensure it contains the necessary protections and provisions. In addition, companies should evaluate whether policies provide protection against known and emerging cyber incidents and threat profiles.</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.techtarget.com/searchsecurity/definition/cybersecurity-insurance-cybersecurity-liability-insurance\">click here.</a></p>\n<!-- /wp:paragraph -->','What is cybersecurity insurance (cybersecurity liability insurance)?','','inherit','closed','closed','','2834-revision-v1','','','2022-11-29 01:01:00','2022-11-29 01:01:00','',2834,'http://smartinsurance.tips/?p=2836',0,'revision','',0),(2837,1,'2022-11-29 01:08:26','2022-11-29 01:08:26','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2838,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-4.png\" alt=\"\" class=\"wp-image-2838\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is Workers Compensation Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Employers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers compensation insurance provides coverage.<br> <br>Workers compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers receive benefits regardless of who was at fault in the accident. If a worker is killed while working, workers comp (as it is often abbreviated) provides death benefits for the worker’s dependents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Each State Is Different</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers compensation systems are established by statutes in each state. State laws and court decisions control the program in that state and no two states have exactly the same laws and regulations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">States determine such features as the amount of benefits to which an employee is entitled, what impairments and injuries are covered, how impairments are to be evaluated and how medical care is to be delivered. In addition, states dictate whether workers compensation insurance is provided by state-run agencies and by private insurance companies or by the state alone. States also establish how claims are to be handled, how disputes are resolved and they may devise strategies, such as limits on chiropractic care, to control costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To learn about the requirements where you live, visit your state’s workers compensation department Web site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your business expands to another state, you may have to deal with very different rules in the new state. The discussion here covers the general features of workers compensation programs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Injuries Are Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Injuries employees sustain on the workplace premises or anywhere else while the employee is acting in the “course and scope” of employment are covered if their employer has workers comp insurance. For example, the leading cause of workers comp death claims is traffic accidents that occur when the employee is in a vehicle for work purposes, whether the trip is made in the company’s car or the employee’s own vehicle. Accidents driving to and from work are not covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition to injuries from accidents, workers comp covers injuries employees may sustain from other events that may occur while they are working, including workplace violence, terrorist attacks and natural disasters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers comp insurance also covers certain illnesses and occupational diseases (defined in the state statutes) contracted as a result of employment. For example, employees who work with toxic chemicals can be made ill by exposure to the chemicals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Treatment Do Injured Workers Receive?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Injured workers receive all medically necessary and appropriate treatment. With medical costs soaring, many states have adopted measures designed to rein in expenditures. These include utilization management guidelines, which describe acceptable treatment protocols and diagnostic tests for specific injuries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Benefits Do Injured Workers Receive?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Income replacement benefits are based on whether the disability is total or partial and whether it is permanent or temporary. Impairment is generally defined as a reduction in earnings capacity, sometimes using the American Medical Association’s criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most states require that benefits be paid for the duration of the disability, but some specify a maximum number of weeks, particularly for temporary disabilities. The benefit amount is a percentage of the worker’s weekly wage (actual or state average).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Do I Have To Buy Workers Compensation Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In most states sole proprietors and partnerships aren’t required to purchase workers compensation unless and until they have employees who aren’t owners. Most states will allow sole proprietors and partners to cover themselves for workers comp if they choose to. Some states don’t require employees to be covered if they are paid solely on commission.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Employees are generally defined as people performing services at the direction of the employer, for hire, including minors and workers who are not citizens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many states exempt employers with only a few employees from mandatory coverage laws. The threshold number of employees that triggers mandatory insurance is either three, four or five, depending on the state. Texas is the only state in which workers comp insurance is truly optional.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In some states, businessowners\' immediate family members—parents, spouse and children—who work for the firm may not have to be counted as employees for purposes of determining whether you must have workers comp insurance. These exceptions usually do not apply to other family members, such as sisters, brothers or in-laws.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Under some laws, independent contractors are not considered to be your employees. However, for the purpose of workers comp insurance, most states will treat an uninsured contractor or subcontractor or employees of an uninsured subcontractor as your employee—meaning you may be liable if he or she is injured while working for you. To avoid any unintended liability, larger companies often require any contractors or subcontractors doing work for them to provide proof they have workers comp insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of whether insurance is required and regardless of how few employees you have, if an employee protected by the state statute is injured or killed in the course of working for you, you may be legally liable. One claim for a serious employee injury could bankrupt many small businesses. Insurance, through the payment of premiums for workers comp coverage, provides a predictable cost for handling this risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Who Sells Workers Comp Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers comp insurance is not part of your Businessowners Policy (BOP). It must be purchased as a separate insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Each state has its own rules about where employers may buy workers comp insurance. In a few states all employers must buy their workers comp insurance from a state monopoly insurer, known as a state fund. In a number of other states, insurance may be purchased from the state fund or from private insurers. In the states that have them, state funds may serve as an insurer of last resort for businesses that cannot find coverage from a private insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Are Premiums Set?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Premiums are based on the employer’s industry classification code and payroll. Premiums for the most dangerous enterprises, such as trash hauling or logging, may be much higher than premiums for an accounting firm.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Location has also become a factor in workers comp premiums. Since the terrorist attacks of September 11, 2001, workers compensation insurers have been taking a closer look at their exposures to catastrophes, both natural and man-made. For businesses located in an area at high risk of catastrophe, premiums may be higher, regardless of the nature of the business itself.<br>&nbsp;<br>Employers with an annual premium above a certain amount are usually eligible for experience rating, which adjusts the premium up or down depending on the claims history of the company relative to other companies in that industry category. Businesses with higher than average claims will pay a higher premium and those with lower claims will generally pay less.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Experience rating is more sensitive to the number of claims (loss frequency) than the dollar value of claims (loss severity). This is because of the insurance industry maxim, “frequency breeds severity.” Insurers know from experience that where more accidents occur, there is a greater likelihood of big losses. A greater number of accidents indicates that overall in working conditions are not as safe as an environment where fewer accidents occur, even if in a given year the few accidents that occurred were more costly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Are My Costs For Workers Comp?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your costs include insurance premiums, payments made under deductibles and the administrative costs of handling claims and making reports to the state and your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Understanding Your Workers Comp Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Usually a workers comp policy has two parts: \"Part One, Workers Compensation\" and \"Part Two, Employers’ Liability.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Under \"Part One\", the insurer contracts to pay whatever the state-required amounts of compensation may be. Unlike other types of insurance, workers comp coverage has no ceiling or limit on the policy amount. The insurance company accepts a transfer of the employer’s entire statutory obligation—whatever the employer is legally obligated to pay as a result of the injury.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">\"Part Two\" of the policy provides coverage for an employer who is sued by an employee for work-related bodily injury or illness that isn’t subject to state statutory benefits. It has a monetary limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Employers\' liability also insures an employer in some other situations. One is so-called “third-party over suits,” where an injured worker files suit against someone other than the employer (a third party) and that third party then seeks to hold the employer responsible. For example, an employee injured while working with a machine might file suit against the manufacturer of the machine. The manufacturer might then sue the employer claiming that the cause of the injury was modifications the employer made to the machine or improper use. Another situation where this liability coverage applies is when the spouse of an injured worker sues the employer for loss of consortium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Your Obligations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In most states you are required to keep records of accidents. You must report work-related accidents to the state workers compensation board and to your insurer within a specified number of days.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Studies suggest that the faster the insurer receives notice of an injury and can initiate medical treatment and benefits, the faster the injured worker recuperates and returns to work. To help get medical treatment to the injured worker faster, some insurers help employers file promptly a \"first notice of injury\" with the state agency responsible for overseeing the workers compensation system, a step which can trigger the claim process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Importance Of Getting An Injured Worker Back To Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Long absences from work can have a lasting negative impact on workers’ future employment opportunities and thus on their economic well being. A study of injured workers in Wisconsin by the Workers Compensation Research Institute found that the duration of time off from work and periods of subsequent unemployment are lower for injured workers who return to their pre-injury employer than for those who change employers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Effective communication by employers is critical to facilitate the injured worker’s return to work. You should explain to workers how the workers compensation system works and that they are required to report an accident immediately and get medical attention promptly.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your expectations relative to work-related injuries or accidents should be part of the employee handbook (if there is one), conveyed to new employees as part of orientation, posted on bulletin boards and communicated periodically in safety reviews.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Communicate regularly with employees who are off work due to a work-related injury. Workers who know they are thought about, missed and still part of the workplace team are generally more eager to return. Some insurers will keep employers informed about how the employee’s treatment is progressing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another aspect of the return-to-work process is successful reintegration into the workplace. Workers comp insurers help you assess the injured worker\'s needs and capabilities and encourage you to let workers know, in advance of any injury, that you will try to modify work activities to accommodate those who are disabled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Are My Employees Covered When They Work Or Travel In Other States?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your workers comp policy covers claims made only in the states named in the policy \"Declarations.\" If an employee is injured while working in another state, and that state has benefits more generous than the state(s) named in your policy, the employee could file a workers comp claim in the other state and it would not be covered by your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The solution is in the \"Other States\" section of the policy, which allows you to list states where employees might work from time to time so there will be coverage for claims filed in those states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The \"Other States\" portion of the policy cannot be used to cover claims in states where coverage must be obtained from the state workers compensation fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">\"Other States\" coverage is intended to provide protection only for incidental exposures in states where the employer does not operate as of the effective date of the policy. If you set up an operating entity in another state, notify your insurer, as this state should be added to the \"Declarations\" page of the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Factors That Affect Your Premiums</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Premiums for workers comp vary among the states. In states where benefits are more generous, premiums for workers comp insurance may be correspondingly greater. In most states, workers comp benefits continue even after the worker begins to collect Social Security and Medicare.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, benefits are only one part of the equation. In some states with low benefits and costs, premiums may be high due to the inefficiency of the system for awarding benefits. The generally increasing cost of medical care impacts premiums as well. Although states are working to make changes, for the most part, workers comp doesn’t have the types of cost control measures that have been applied to health insurance. Workers comp claimants do not have to pay deductibles. In many states they may visit as many doctors and specialists as they like. There is generally no requirement for doctors to prescribe generic rather than brand name drugs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Assigned Risk Plans Or Pools</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An assigned risk plan or pool is a means of providing insurance for businesses that may not be able to get workers comp insurance in the private market. High-risk businesses, businesses with a history of many claims and businesses in new industries without a previous industry claims history are the most likely to get insurance through the assigned risk plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Typically, the employer or the agent applies to the plan. The application is then assigned to an insurance company that the state has designated to write the policy. Premiums in assigned risk pools often carry a surcharge over the regular premium rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is A Second Injury Fund?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">About half the states have second injury funds to encourage the hiring of workers who are partly disabled but still able to work. Employers would be reluctant to hire such workers due to the risk they could sustain an injury that would combine with the prior injury or condition to cause a disability. Without second injury funds, the new employer would be liable for the entire cost of the claim. When a partially disabled employee suffers a second injury, part of the cost of the second injury is apportioned to the second injury fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some states discontinued their second injury funds following passage of the Americans with Disabilities Act (ADA). Although the ADA requires employers to maintain confidentiality about employees’ disabilities, the confidentiality rule does not apply to communications with state workers compensation authorities or second injury funds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>WHAT CAN I DO TO REDUCE MY WORKERS COMP PREMIUMS?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Manage Your Risks</li><li>Take Advantage of Saving Opportunities</li><li>Be Sure Your Premium is Correctly Figured</li><li>Raise Your Deductibles</li><li>Try to Avoid Assigned Risk</li><li>Coordinate Disability Programs</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Manage Your Risks</strong>&nbsp;– Most small companies do not believe they can afford to hire a risk manager. Nevertheless, someone in the company should have a continuing responsibility for loss control and the management of workers comp claims. This involves a variety of programs to keep workers safe, the medical management of claims and early return to work for any injured workers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In some states insurers must provide accident prevention services to employers. Even if not required to do so by law, the majority of workers comp insurers can help you improve safety. In some states, employers are required by law to set up safety committees and other programs to deal with unsafe conditions in the workplace. Even when not required by law, safety committees can be very effective at reducing accidents. For example, after UPS set up worker safety committees at each of its locations to identify the most frequent workplace accidents and took measures to reduce them, injuries that caused workers to take time off from work decreased by 59 percent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may also be legally required to have a written injury and illness prevention program. Again, even if not legally required to do so, having and following a written program can help reduce accidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Take Advantage of Savings Available in Your State</strong>&nbsp;– Several states allow merit rating credits. Smaller businesses that typically pay $5,000 in premiums or less may be entitled to a credit of 5 to 15 percent if they have not had any lost-work-time claims during a designated period. In some states there are premium credits for drug- and alcohol-free workplace programs and safety programs. Some insurers may give you a discount if you hire a professional risk management firm to help you with your safety program.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Be Sure Your Premium Is Figured Correctly</strong>&nbsp;– Make sure you have been placed in the right industry category. Check that the insurer’s payroll computation adjusts for overtime pay and allocates the payroll of different employees correctly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Raise Your Deductibles</strong>&nbsp;– A majority of states provide for optional medical deductibles in workers comp insurance policies as a cost saving measure. Deductibles tend to encourage greater safety consciousness on the part of the employer who must pay the deductible amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Try to Avoid Assigned Risk</strong>&nbsp;– Cutting down on your claims is the best way to stay out of the state’s assigned risk plan, or insurer of last resort, which usually costs more. You may have been put into assigned risk without knowing it. Ask your agent to check on your status.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have been put in assigned risk, find out from your state workers comp agency if rates are higher. If they are, make a concerted effort to get other insurance. Just because one agent is unable to find something better for you doesn’t necessarily mean that it doesn’t exist. Talk with other agents, investigate group self insurance programs that may be available in your state and talk with other people in your industry and owners of other businesses of similar size and age and with a similar risk level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Coordinate Disability Programs</strong>&nbsp;– This option isn’t available everywhere, but in some states businesses are trying to bring costs under control through the coordination of workers compensation, health care and disability benefit plans. The integration of workers compensation and other employee benefit programs is a broad concept that ranges from a simple marketing approach that promises savings from using the same insurer for both coverages to programs that offer a managed care approach to the management of all types of disability, regardless of whether they are work-related.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Besides limiting overlapping programs and streamlining administration, proponents say the change to a broad approach addresses the increasing difficulty of distinguishing between work- and nonwork-related injuries and illnesses, such as injuries due to repetitive motion and mental stress claims. It improves productivity, since nonwork-related disabilities are managed with the same focus of getting the employees back to work as work-related cases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can An Employee Who Has An Accident Sue Me?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Prior to the states’ adoption of the workers compensation system in the first half of the Twentieth Century, injured workers sued their employers after workplace accidents. This was a long, cumbersome and costly process from which the worker might gain nothing if the court failed to find the employer totally responsible for the injury. With so few employers liable for workplace accidents, support for injured workers and the families of deceased workers was a societal problem.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The workers compensation system was adopted to provide injured workers and their dependents timely compensation became regardless of who was at fault for a workplace accident. As part of the compromise that made the employer liable for work-related injury and disease costs regardless of fault, the employee surrendered the right to sue the employer for injuries. For the most part, the system works as intended. Injured workers accept workers comp payments and do not sue. This is why workers comp is referred to as the employee’s “exclusive remedy.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Nevertheless, there are certainly instances where “exclusive remedy” may not apply and injured workers may sue their employers. Conditions under which such suits are lawful vary among the states. In Florida, for example, injured employees may sue their employers in the following situations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>The employer commits an intentional and deliberate harmful act or engages in conduct that is certain to result in injury or death</li><li>An employee sexually harasses another employee</li><li>The employer violates the law prohibiting the firing, coercing or intimidating of an employee due to a workers comp claim</li><li>The employer has violated federal law regarding housing and transportation of migrant workers</li><li>The injury is excluded from coverage by workers compensation (such as a claim for psychological stress injury without any physical injury, a type of claim that is not compensable by workers comp in Florida)</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.iii.org/publications/insuring-your-business-small-business-owners-guide-to-insurance/specific-coverages/workers-compensation-insurance#:~:text=Workers%20compensation%20insurance%20serves%20two,by%20workers%20injured%20while%20working.\">click here.</a></p>\n<!-- /wp:paragraph -->','Small Business Guide to Workers Compensation Insurance','','publish','closed','closed','','small-business-guide-to-workers-compensation-insurance','','','2022-11-29 01:08:26','2022-11-29 01:08:26','',0,'http://smartinsurance.tips/?p=2837',0,'post','',0),(2838,1,'2022-11-29 01:02:09','2022-11-29 01:02:09','','Insurance-4','','inherit','closed','closed','','insurance-4-6','','','2022-11-29 01:02:09','2022-11-29 01:02:09','',2837,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-4.png',0,'attachment','image/png',0),(2839,1,'2022-11-29 01:08:26','2022-11-29 01:08:26','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2838,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-4.png\" alt=\"\" class=\"wp-image-2838\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is Workers Compensation Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Employers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers compensation insurance provides coverage.<br> <br>Workers compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers receive benefits regardless of who was at fault in the accident. If a worker is killed while working, workers comp (as it is often abbreviated) provides death benefits for the worker’s dependents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Each State Is Different</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers compensation systems are established by statutes in each state. State laws and court decisions control the program in that state and no two states have exactly the same laws and regulations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">States determine such features as the amount of benefits to which an employee is entitled, what impairments and injuries are covered, how impairments are to be evaluated and how medical care is to be delivered. In addition, states dictate whether workers compensation insurance is provided by state-run agencies and by private insurance companies or by the state alone. States also establish how claims are to be handled, how disputes are resolved and they may devise strategies, such as limits on chiropractic care, to control costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To learn about the requirements where you live, visit your state’s workers compensation department Web site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your business expands to another state, you may have to deal with very different rules in the new state. The discussion here covers the general features of workers compensation programs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Injuries Are Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Injuries employees sustain on the workplace premises or anywhere else while the employee is acting in the “course and scope” of employment are covered if their employer has workers comp insurance. For example, the leading cause of workers comp death claims is traffic accidents that occur when the employee is in a vehicle for work purposes, whether the trip is made in the company’s car or the employee’s own vehicle. Accidents driving to and from work are not covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition to injuries from accidents, workers comp covers injuries employees may sustain from other events that may occur while they are working, including workplace violence, terrorist attacks and natural disasters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers comp insurance also covers certain illnesses and occupational diseases (defined in the state statutes) contracted as a result of employment. For example, employees who work with toxic chemicals can be made ill by exposure to the chemicals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Treatment Do Injured Workers Receive?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Injured workers receive all medically necessary and appropriate treatment. With medical costs soaring, many states have adopted measures designed to rein in expenditures. These include utilization management guidelines, which describe acceptable treatment protocols and diagnostic tests for specific injuries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Benefits Do Injured Workers Receive?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Income replacement benefits are based on whether the disability is total or partial and whether it is permanent or temporary. Impairment is generally defined as a reduction in earnings capacity, sometimes using the American Medical Association’s criteria.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most states require that benefits be paid for the duration of the disability, but some specify a maximum number of weeks, particularly for temporary disabilities. The benefit amount is a percentage of the worker’s weekly wage (actual or state average).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Do I Have To Buy Workers Compensation Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In most states sole proprietors and partnerships aren’t required to purchase workers compensation unless and until they have employees who aren’t owners. Most states will allow sole proprietors and partners to cover themselves for workers comp if they choose to. Some states don’t require employees to be covered if they are paid solely on commission.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Employees are generally defined as people performing services at the direction of the employer, for hire, including minors and workers who are not citizens.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many states exempt employers with only a few employees from mandatory coverage laws. The threshold number of employees that triggers mandatory insurance is either three, four or five, depending on the state. Texas is the only state in which workers comp insurance is truly optional.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In some states, businessowners\' immediate family members—parents, spouse and children—who work for the firm may not have to be counted as employees for purposes of determining whether you must have workers comp insurance. These exceptions usually do not apply to other family members, such as sisters, brothers or in-laws.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Under some laws, independent contractors are not considered to be your employees. However, for the purpose of workers comp insurance, most states will treat an uninsured contractor or subcontractor or employees of an uninsured subcontractor as your employee—meaning you may be liable if he or she is injured while working for you. To avoid any unintended liability, larger companies often require any contractors or subcontractors doing work for them to provide proof they have workers comp insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Regardless of whether insurance is required and regardless of how few employees you have, if an employee protected by the state statute is injured or killed in the course of working for you, you may be legally liable. One claim for a serious employee injury could bankrupt many small businesses. Insurance, through the payment of premiums for workers comp coverage, provides a predictable cost for handling this risk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Who Sells Workers Comp Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers comp insurance is not part of your Businessowners Policy (BOP). It must be purchased as a separate insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Each state has its own rules about where employers may buy workers comp insurance. In a few states all employers must buy their workers comp insurance from a state monopoly insurer, known as a state fund. In a number of other states, insurance may be purchased from the state fund or from private insurers. In the states that have them, state funds may serve as an insurer of last resort for businesses that cannot find coverage from a private insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Are Premiums Set?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Premiums are based on the employer’s industry classification code and payroll. Premiums for the most dangerous enterprises, such as trash hauling or logging, may be much higher than premiums for an accounting firm.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Location has also become a factor in workers comp premiums. Since the terrorist attacks of September 11, 2001, workers compensation insurers have been taking a closer look at their exposures to catastrophes, both natural and man-made. For businesses located in an area at high risk of catastrophe, premiums may be higher, regardless of the nature of the business itself.<br>&nbsp;<br>Employers with an annual premium above a certain amount are usually eligible for experience rating, which adjusts the premium up or down depending on the claims history of the company relative to other companies in that industry category. Businesses with higher than average claims will pay a higher premium and those with lower claims will generally pay less.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Experience rating is more sensitive to the number of claims (loss frequency) than the dollar value of claims (loss severity). This is because of the insurance industry maxim, “frequency breeds severity.” Insurers know from experience that where more accidents occur, there is a greater likelihood of big losses. A greater number of accidents indicates that overall in working conditions are not as safe as an environment where fewer accidents occur, even if in a given year the few accidents that occurred were more costly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Are My Costs For Workers Comp?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your costs include insurance premiums, payments made under deductibles and the administrative costs of handling claims and making reports to the state and your insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Understanding Your Workers Comp Policy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Usually a workers comp policy has two parts: \"Part One, Workers Compensation\" and \"Part Two, Employers’ Liability.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Under \"Part One\", the insurer contracts to pay whatever the state-required amounts of compensation may be. Unlike other types of insurance, workers comp coverage has no ceiling or limit on the policy amount. The insurance company accepts a transfer of the employer’s entire statutory obligation—whatever the employer is legally obligated to pay as a result of the injury.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">\"Part Two\" of the policy provides coverage for an employer who is sued by an employee for work-related bodily injury or illness that isn’t subject to state statutory benefits. It has a monetary limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Employers\' liability also insures an employer in some other situations. One is so-called “third-party over suits,” where an injured worker files suit against someone other than the employer (a third party) and that third party then seeks to hold the employer responsible. For example, an employee injured while working with a machine might file suit against the manufacturer of the machine. The manufacturer might then sue the employer claiming that the cause of the injury was modifications the employer made to the machine or improper use. Another situation where this liability coverage applies is when the spouse of an injured worker sues the employer for loss of consortium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Your Obligations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In most states you are required to keep records of accidents. You must report work-related accidents to the state workers compensation board and to your insurer within a specified number of days.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Studies suggest that the faster the insurer receives notice of an injury and can initiate medical treatment and benefits, the faster the injured worker recuperates and returns to work. To help get medical treatment to the injured worker faster, some insurers help employers file promptly a \"first notice of injury\" with the state agency responsible for overseeing the workers compensation system, a step which can trigger the claim process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Importance Of Getting An Injured Worker Back To Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Long absences from work can have a lasting negative impact on workers’ future employment opportunities and thus on their economic well being. A study of injured workers in Wisconsin by the Workers Compensation Research Institute found that the duration of time off from work and periods of subsequent unemployment are lower for injured workers who return to their pre-injury employer than for those who change employers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Effective communication by employers is critical to facilitate the injured worker’s return to work. You should explain to workers how the workers compensation system works and that they are required to report an accident immediately and get medical attention promptly.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your expectations relative to work-related injuries or accidents should be part of the employee handbook (if there is one), conveyed to new employees as part of orientation, posted on bulletin boards and communicated periodically in safety reviews.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Communicate regularly with employees who are off work due to a work-related injury. Workers who know they are thought about, missed and still part of the workplace team are generally more eager to return. Some insurers will keep employers informed about how the employee’s treatment is progressing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another aspect of the return-to-work process is successful reintegration into the workplace. Workers comp insurers help you assess the injured worker\'s needs and capabilities and encourage you to let workers know, in advance of any injury, that you will try to modify work activities to accommodate those who are disabled.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Are My Employees Covered When They Work Or Travel In Other States?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your workers comp policy covers claims made only in the states named in the policy \"Declarations.\" If an employee is injured while working in another state, and that state has benefits more generous than the state(s) named in your policy, the employee could file a workers comp claim in the other state and it would not be covered by your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The solution is in the \"Other States\" section of the policy, which allows you to list states where employees might work from time to time so there will be coverage for claims filed in those states.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The \"Other States\" portion of the policy cannot be used to cover claims in states where coverage must be obtained from the state workers compensation fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">\"Other States\" coverage is intended to provide protection only for incidental exposures in states where the employer does not operate as of the effective date of the policy. If you set up an operating entity in another state, notify your insurer, as this state should be added to the \"Declarations\" page of the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Factors That Affect Your Premiums</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Premiums for workers comp vary among the states. In states where benefits are more generous, premiums for workers comp insurance may be correspondingly greater. In most states, workers comp benefits continue even after the worker begins to collect Social Security and Medicare.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, benefits are only one part of the equation. In some states with low benefits and costs, premiums may be high due to the inefficiency of the system for awarding benefits. The generally increasing cost of medical care impacts premiums as well. Although states are working to make changes, for the most part, workers comp doesn’t have the types of cost control measures that have been applied to health insurance. Workers comp claimants do not have to pay deductibles. In many states they may visit as many doctors and specialists as they like. There is generally no requirement for doctors to prescribe generic rather than brand name drugs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Assigned Risk Plans Or Pools</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An assigned risk plan or pool is a means of providing insurance for businesses that may not be able to get workers comp insurance in the private market. High-risk businesses, businesses with a history of many claims and businesses in new industries without a previous industry claims history are the most likely to get insurance through the assigned risk plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Typically, the employer or the agent applies to the plan. The application is then assigned to an insurance company that the state has designated to write the policy. Premiums in assigned risk pools often carry a surcharge over the regular premium rate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">What Is A Second Injury Fund?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">About half the states have second injury funds to encourage the hiring of workers who are partly disabled but still able to work. Employers would be reluctant to hire such workers due to the risk they could sustain an injury that would combine with the prior injury or condition to cause a disability. Without second injury funds, the new employer would be liable for the entire cost of the claim. When a partially disabled employee suffers a second injury, part of the cost of the second injury is apportioned to the second injury fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some states discontinued their second injury funds following passage of the Americans with Disabilities Act (ADA). Although the ADA requires employers to maintain confidentiality about employees’ disabilities, the confidentiality rule does not apply to communications with state workers compensation authorities or second injury funds.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>WHAT CAN I DO TO REDUCE MY WORKERS COMP PREMIUMS?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Manage Your Risks</li><li>Take Advantage of Saving Opportunities</li><li>Be Sure Your Premium is Correctly Figured</li><li>Raise Your Deductibles</li><li>Try to Avoid Assigned Risk</li><li>Coordinate Disability Programs</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Manage Your Risks</strong>&nbsp;– Most small companies do not believe they can afford to hire a risk manager. Nevertheless, someone in the company should have a continuing responsibility for loss control and the management of workers comp claims. This involves a variety of programs to keep workers safe, the medical management of claims and early return to work for any injured workers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In some states insurers must provide accident prevention services to employers. Even if not required to do so by law, the majority of workers comp insurers can help you improve safety. In some states, employers are required by law to set up safety committees and other programs to deal with unsafe conditions in the workplace. Even when not required by law, safety committees can be very effective at reducing accidents. For example, after UPS set up worker safety committees at each of its locations to identify the most frequent workplace accidents and took measures to reduce them, injuries that caused workers to take time off from work decreased by 59 percent.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may also be legally required to have a written injury and illness prevention program. Again, even if not legally required to do so, having and following a written program can help reduce accidents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Take Advantage of Savings Available in Your State</strong>&nbsp;– Several states allow merit rating credits. Smaller businesses that typically pay $5,000 in premiums or less may be entitled to a credit of 5 to 15 percent if they have not had any lost-work-time claims during a designated period. In some states there are premium credits for drug- and alcohol-free workplace programs and safety programs. Some insurers may give you a discount if you hire a professional risk management firm to help you with your safety program.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Be Sure Your Premium Is Figured Correctly</strong>&nbsp;– Make sure you have been placed in the right industry category. Check that the insurer’s payroll computation adjusts for overtime pay and allocates the payroll of different employees correctly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Raise Your Deductibles</strong>&nbsp;– A majority of states provide for optional medical deductibles in workers comp insurance policies as a cost saving measure. Deductibles tend to encourage greater safety consciousness on the part of the employer who must pay the deductible amount.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Try to Avoid Assigned Risk</strong>&nbsp;– Cutting down on your claims is the best way to stay out of the state’s assigned risk plan, or insurer of last resort, which usually costs more. You may have been put into assigned risk without knowing it. Ask your agent to check on your status.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have been put in assigned risk, find out from your state workers comp agency if rates are higher. If they are, make a concerted effort to get other insurance. Just because one agent is unable to find something better for you doesn’t necessarily mean that it doesn’t exist. Talk with other agents, investigate group self insurance programs that may be available in your state and talk with other people in your industry and owners of other businesses of similar size and age and with a similar risk level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Coordinate Disability Programs</strong>&nbsp;– This option isn’t available everywhere, but in some states businesses are trying to bring costs under control through the coordination of workers compensation, health care and disability benefit plans. The integration of workers compensation and other employee benefit programs is a broad concept that ranges from a simple marketing approach that promises savings from using the same insurer for both coverages to programs that offer a managed care approach to the management of all types of disability, regardless of whether they are work-related.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Besides limiting overlapping programs and streamlining administration, proponents say the change to a broad approach addresses the increasing difficulty of distinguishing between work- and nonwork-related injuries and illnesses, such as injuries due to repetitive motion and mental stress claims. It improves productivity, since nonwork-related disabilities are managed with the same focus of getting the employees back to work as work-related cases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Can An Employee Who Has An Accident Sue Me?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Prior to the states’ adoption of the workers compensation system in the first half of the Twentieth Century, injured workers sued their employers after workplace accidents. This was a long, cumbersome and costly process from which the worker might gain nothing if the court failed to find the employer totally responsible for the injury. With so few employers liable for workplace accidents, support for injured workers and the families of deceased workers was a societal problem.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The workers compensation system was adopted to provide injured workers and their dependents timely compensation became regardless of who was at fault for a workplace accident. As part of the compromise that made the employer liable for work-related injury and disease costs regardless of fault, the employee surrendered the right to sue the employer for injuries. For the most part, the system works as intended. Injured workers accept workers comp payments and do not sue. This is why workers comp is referred to as the employee’s “exclusive remedy.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Nevertheless, there are certainly instances where “exclusive remedy” may not apply and injured workers may sue their employers. Conditions under which such suits are lawful vary among the states. In Florida, for example, injured employees may sue their employers in the following situations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>The employer commits an intentional and deliberate harmful act or engages in conduct that is certain to result in injury or death</li><li>An employee sexually harasses another employee</li><li>The employer violates the law prohibiting the firing, coercing or intimidating of an employee due to a workers comp claim</li><li>The employer has violated federal law regarding housing and transportation of migrant workers</li><li>The injury is excluded from coverage by workers compensation (such as a claim for psychological stress injury without any physical injury, a type of claim that is not compensable by workers comp in Florida)</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.iii.org/publications/insuring-your-business-small-business-owners-guide-to-insurance/specific-coverages/workers-compensation-insurance#:~:text=Workers%20compensation%20insurance%20serves%20two,by%20workers%20injured%20while%20working.\">click here.</a></p>\n<!-- /wp:paragraph -->','Small Business Guide to Workers Compensation Insurance','','inherit','closed','closed','','2837-revision-v1','','','2022-11-29 01:08:26','2022-11-29 01:08:26','',2837,'http://smartinsurance.tips/?p=2839',0,'revision','',0),(2840,1,'2022-11-29 01:26:27','2022-11-29 01:26:27','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2841,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-5.png\" alt=\"\" class=\"wp-image-2841\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees. It covers&nbsp;<em>non-professional&nbsp;</em>negligent acts. Understanding this coverage is an important first step in managing CGL risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are just a few examples of situations in which your business could be responsible for paying various costs, such as medical and legal expenses, as well as compensatory and punitive damages:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>While visiting your business, a customer trips on loose flooring and is injured.</li><li>An employee in your painting or construction business accidentally leaves water running, causing substantial damage to a customer’s home.</li><li>A class action lawsuit is filed against your business, alleging advertisements constituted misleading information.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>What commercial general liability insurance covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A CGL insurance policy will usually cover the costs of your legal defense and will pay on your behalf all damages if you are found liable—up to the limits of your policy. CGL coverage is one of the most important insurance products, due to the negative impact that a lawsuit can have on a business and because such liability suits happen so frequently. Standard CGL includes:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Coverage A: Bodily Injury and Property Damage Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bodily injury and property damage coverage provides protection against losses from the legal liability of insureds for bodily injury or property damage to others arising out of&nbsp;<em>non-professional</em>&nbsp;negligent acts or for liability arising out of their premises or business operations. Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers compensation and employment practices liability insurance are excluded but can be purchased as separate policies. In addition, pollution liability is excluded and can be purchased as an endorsement. However, this coverage is very limited, and high-risk businesses should consider purchasing a separate pollution liability policy. Liquor liability, professional liability and other risks may also be excluded. An insurance professional can help you to determine endorsements that are right for your type of business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Coverage B: Personal and Advertising Injury</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Personal and advertising injury liability protects an insured against liability arising out of certain offenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Libel</li><li>Slander</li><li>False arrest</li><li>Infringing on another’s copyright</li><li>Malicious prosecution</li><li>Use of another’s advertising idea</li><li>Wrongful eviction, entry or invasion of privacy</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Coverage C: Medical Payments</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Limited coverage for medical payments includes payments for injuries sustained by a non-employee caused by an accident that takes place on the insured’s premises or when exposed to the insured’s business operations. Medical payments coverage can be triggered without legal action. This provides for prompt settlement of smaller medical claims without litigation. It is included in the CGL policy and pays for all necessary and reasonable medical, surgical, ambulance, hospital, professional nursing and funeral expenses for a person injured or killed in an accident taking place at the insured’s premises or arising from business operations. There is no defense or legal liability coverage—as there is with bodily injury and property damage (Coverage A) and personal and advertising liability (Coverage B) —since coverage is provided on a no-fault basis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Purchasing commercial general liability insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can purchase commercial general liability insurance as a stand-alone policy, as part of a Business Owners Policy (BOP) or as part of a Commercial Package Policy (CPP). Consult with your insurance professional about what type of coverage you need and how much. If your general liability policy, BOP or CPP do not provide sufficient coverage, you may want to consider purchasing a commercial excess (umbrella) policy, which will provide additional protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Additional liability coverages to consider</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Depending on your type of business, you may want to consider additional liability coverage that is not part of commercial general liability insurance. Talk with your insurance professional, risk manager and/or legal counsel regarding the types of coverages that you may need. The following is not exhaustive, but key types of insurance to consider include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Directors and Officers liability</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Directors and officers liability insurance protects past, present and future directors and officers of for-profit or nonprofit companies from damages resulting from alleged or actual wrongful acts they may have committed in their positions. The policy provides protection in the event of any actual or alleged error, misstatement, omission, misleading statement or breach of duty. In addition, some policies extend the same coverage to employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Liquor liability</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Liquor liability insurance is business coverage that protects your business against loss or damages claimed as a result of a patron of your business becoming intoxicated and injuring himself or others. If your business manufactures, sells, serves or facilitates the use or purchase of alcohol, then your business will likely need this coverage. Liquor liability coverage may be sold as an add-on to a commercial liability policy or as a stand-alone policy. But, if you do not purchase this extra coverage, your standard commercial general liability policy&nbsp;<em>does not</em>&nbsp;protect your business against liquor-related claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Pollution liability</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This type of coverage provides industrial, commercial and agricultural property owners, managers and developers with a broad range of pollution liability protection for gradual, as well as sudden and accidental, first-party and third-party environmental liabilities. It also protects assets from unforeseen environmental exposures that could have substantial impact on earnings. In addition, it protects against unforeseen pollution hazards that may lead to bodily injury, property damage or pollution clean-up costs.</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.iii.org/article/commercial-general-liability-insurance\">click here.</a></p>\n<!-- /wp:paragraph -->','How commercial general liability insurance protects your business','','publish','closed','closed','','how-commercial-general-liability-insurance-protects-your-business','','','2022-11-29 01:26:27','2022-11-29 01:26:27','',0,'http://smartinsurance.tips/?p=2840',0,'post','',0),(2841,1,'2022-11-29 01:22:52','2022-11-29 01:22:52','','Insurance-5','','inherit','closed','closed','','insurance-5-8','','','2022-11-29 01:22:52','2022-11-29 01:22:52','',2840,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-5.png',0,'attachment','image/png',0),(2842,1,'2022-11-29 01:26:27','2022-11-29 01:26:27','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2841,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-5.png\" alt=\"\" class=\"wp-image-2841\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees. It covers&nbsp;<em>non-professional&nbsp;</em>negligent acts. Understanding this coverage is an important first step in managing CGL risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are just a few examples of situations in which your business could be responsible for paying various costs, such as medical and legal expenses, as well as compensatory and punitive damages:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>While visiting your business, a customer trips on loose flooring and is injured.</li><li>An employee in your painting or construction business accidentally leaves water running, causing substantial damage to a customer’s home.</li><li>A class action lawsuit is filed against your business, alleging advertisements constituted misleading information.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>What commercial general liability insurance covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A CGL insurance policy will usually cover the costs of your legal defense and will pay on your behalf all damages if you are found liable—up to the limits of your policy. CGL coverage is one of the most important insurance products, due to the negative impact that a lawsuit can have on a business and because such liability suits happen so frequently. Standard CGL includes:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Coverage A: Bodily Injury and Property Damage Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Bodily injury and property damage coverage provides protection against losses from the legal liability of insureds for bodily injury or property damage to others arising out of&nbsp;<em>non-professional</em>&nbsp;negligent acts or for liability arising out of their premises or business operations. Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Workers compensation and employment practices liability insurance are excluded but can be purchased as separate policies. In addition, pollution liability is excluded and can be purchased as an endorsement. However, this coverage is very limited, and high-risk businesses should consider purchasing a separate pollution liability policy. Liquor liability, professional liability and other risks may also be excluded. An insurance professional can help you to determine endorsements that are right for your type of business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Coverage B: Personal and Advertising Injury</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Personal and advertising injury liability protects an insured against liability arising out of certain offenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Libel</li><li>Slander</li><li>False arrest</li><li>Infringing on another’s copyright</li><li>Malicious prosecution</li><li>Use of another’s advertising idea</li><li>Wrongful eviction, entry or invasion of privacy</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h3 class=\"has-black-color has-text-color has-extra-large-font-size\">Coverage C: Medical Payments</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Limited coverage for medical payments includes payments for injuries sustained by a non-employee caused by an accident that takes place on the insured’s premises or when exposed to the insured’s business operations. Medical payments coverage can be triggered without legal action. This provides for prompt settlement of smaller medical claims without litigation. It is included in the CGL policy and pays for all necessary and reasonable medical, surgical, ambulance, hospital, professional nursing and funeral expenses for a person injured or killed in an accident taking place at the insured’s premises or arising from business operations. There is no defense or legal liability coverage—as there is with bodily injury and property damage (Coverage A) and personal and advertising liability (Coverage B) —since coverage is provided on a no-fault basis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Purchasing commercial general liability insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can purchase commercial general liability insurance as a stand-alone policy, as part of a Business Owners Policy (BOP) or as part of a Commercial Package Policy (CPP). Consult with your insurance professional about what type of coverage you need and how much. If your general liability policy, BOP or CPP do not provide sufficient coverage, you may want to consider purchasing a commercial excess (umbrella) policy, which will provide additional protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>Additional liability coverages to consider</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Depending on your type of business, you may want to consider additional liability coverage that is not part of commercial general liability insurance. Talk with your insurance professional, risk manager and/or legal counsel regarding the types of coverages that you may need. The following is not exhaustive, but key types of insurance to consider include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Directors and Officers liability</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Directors and officers liability insurance protects past, present and future directors and officers of for-profit or nonprofit companies from damages resulting from alleged or actual wrongful acts they may have committed in their positions. The policy provides protection in the event of any actual or alleged error, misstatement, omission, misleading statement or breach of duty. In addition, some policies extend the same coverage to employees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Liquor liability</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Liquor liability insurance is business coverage that protects your business against loss or damages claimed as a result of a patron of your business becoming intoxicated and injuring himself or others. If your business manufactures, sells, serves or facilitates the use or purchase of alcohol, then your business will likely need this coverage. Liquor liability coverage may be sold as an add-on to a commercial liability policy or as a stand-alone policy. But, if you do not purchase this extra coverage, your standard commercial general liability policy&nbsp;<em>does not</em>&nbsp;protect your business against liquor-related claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Pollution liability</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">This type of coverage provides industrial, commercial and agricultural property owners, managers and developers with a broad range of pollution liability protection for gradual, as well as sudden and accidental, first-party and third-party environmental liabilities. It also protects assets from unforeseen environmental exposures that could have substantial impact on earnings. In addition, it protects against unforeseen pollution hazards that may lead to bodily injury, property damage or pollution clean-up costs.</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.iii.org/article/commercial-general-liability-insurance\">click here.</a></p>\n<!-- /wp:paragraph -->','How commercial general liability insurance protects your business','','inherit','closed','closed','','2840-revision-v1','','','2022-11-29 01:26:27','2022-11-29 01:26:27','',2840,'http://smartinsurance.tips/?p=2842',0,'revision','',0),(2843,1,'2022-11-29 01:35:51','2022-11-29 01:35:51','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2844,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-6.png\" alt=\"\" class=\"wp-image-2844\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Although COVID-19 is still the most overwhelming global concern for 2020, the holidays aren’t taking a break. In a year of unexpected disappointments, the last thing you need is an accident in the home to put a damper on the holiday cheer, especially when you’re not sure if your home insurance policy will protect you from home holiday mishaps. After the surprises that 2020 brought, nobody wants to think about electrical issues, fires, guest injuries on your property or robberies during the holidays. Still, because anything can happen, it’s best to be prepared.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are some of the most common holiday snafus, misadventures and accidents that worry homeowners and ruin holidays, along with some tips and reminders to help you avoid home insurance holiday claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Indoor Fires From Holiday Decorations, Cooking or Fireplaces</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Any number of situations could cause a blaze to erupt in your home, but fires resulting from bone-dry Christmas trees, cooking and fireplaces are relatively common occurrences. Fortunately, the dwelling coverage on your home insurance policy covers fire damage sustained to the structure of your home. If a fire torches your belongings, the personal property coverage provision protects you from these losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To make sure you\'re fully insured for a fire loss, check that your policy has the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Structural damage coverage beyond the value of your home.</li><li>Updates for any new home renovations or significant purchases you\'ve made.</li><li>Limits equal to or above the value of your belongings.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Fire Safety and Prevention Reminders:</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Make sure it\'s your smoke detector is working correctly.</li><li>Close fireplace doors when you\'re not actively attending to the fire.</li><li>Remove flammable items near the fireplace.</li><li>Water your Christmas tree regularly.</li><li>Check wires for fraying and electrical shorts.</li><li>Make sure your home is wired for the extra electrical capacity you need during the holidays.</li><li>Don\'t burn candles for too long, keep them away from hazards such as curtains and never leave them unattended.</li><li>Keep a fire extinguisher handy when cooking.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Electrical Mishaps From Outdoor Holiday Displays</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Fires or other forms of damage caused by outdoor electrical displays are also common during the holidays. Dwelling coverage protects you against fire damage to landscaping. Lights and other ornaments are typically insured from fire, vandalism or theft, but not from normal and tear.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Outdoor Decor Safety and Prevention Reminders:</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Use lights and cords manufactured for outdoor use.</li><li>Make certain lights, extensions and outlets have sufficient electrical load.</li><li>Inspect wires, lights, cords and plugs for any malfunction and damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Injuries on Your Property</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If a guest slips and falls on ice or gets food poisoning requiring medical attention while at your home, your home insurance or renters insurance policy\'s liability protection should cover guest injuries. The lowest limit is usually around $100,000, but you can and should request more. As part of your liability coverage, a medical payments clause covers your injured guest\'s medical bills — again, only up to a certain limit, so check your policy and make sure you have the right amount of coverage to protect your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong>&nbsp;The term \'accident\' is used in a general context in home insurance policies; however, exclusions would apply if your insurance company qualified the \'accident\' as willful intent or malicious conduct.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, if you fell off of a ladder or roof when pinning up your light display, your insurance policy wouldn\'t cover any injuries you sustain. Home insurance policies exclude injuries to you or other members of your household.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Injury Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Salt your driveway and walkway to avoid slip-and-fall accidents.</li><li>Be conscious of anything that could potentially cause injury.</li><li>Read labels for expiration dates.</li><li>Don’t cross-contaminate foods.</li><li>Ensure surfaces are sanitized.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Alcohol-Related Accidents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Liability protection can become more complicated with alcohol-related accidents. Most states have mandates that allow injured parties the right to sue hosts who served alcohol prior to their accidents — known as social host or dram shop liability — if negligence is found. Criminal charges could also apply. Some states restrict liability on-site, while others impose liability off-site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Home or renter\'s insurance policies usually include a liquor liability statute. Coverage is typically $100,000—$300,000, but only if alcohol isn\'t sold within the home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Alcohol Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Review your state’s social host liability laws.</li><li>Consider hosting at a venue or hire a professional bartender.</li><li>Offer non-alcoholic beverages.</li><li>Encourage responsible drinking and driving.</li><li>Stop serving towards the end of the evening.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. COVID-19 Exposure</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Along with alcohol-related incidents, there could be COVID-19 outbreaks among families and social groups this season. That\'s why many experts are suggesting spending the holidays at home with only other household members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Check your policy for a \"communicable disease\" exclusion, which essentially denies coverage if guests contract a contagious disease, such as the coronavirus, in your home. Some jurisdictions require that insurance companies cover the negligent transmission of a viral outbreak.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Coronavirus Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Adhere to strict social distancing, mask wearing, hand sanitizing and limits to the number of people you have in your home.</li><li>Provide hand sanitizer throughout your home.</li><li>Sterilize surfaces with Centers for Disease Control and Prevention (CDC)-approved cleansers.</li><li>Check the CDC website for further protocols and the most up-to-date information on COVID-19 and the holidays.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Theft Inside and Outside Your Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The holidays also make homes an easy mark for burglars. Rest assured that stolen belongings fall under personal property coverage. Even items taken outside of your home are qualified as \'personal property off premises\' and should still be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Take the extra time to secure your home with deadbolt locks, grates, security camera systems or burglar alarms to avoid a claim. Your carrier may even apply discounts to your premium for installing these devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you recently purchased a costly gift, update your policy accordingly. You may want to add a personal property endorsement or floater as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Theft Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Take note of any vulnerable entry points, such as doors, windows and locks.</li><li>Invest in security cameras, burglar alarms and motion-sensor exterior lights.</li><li>Keep valuable items out of sight.</li><li>Make sure your vehicle is locked.</li><li>Verify your policy provides enough personal belongings protection.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">7. Winter Weather Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Winter weather incidents can dampen the holiday spirit. Frozen pipes, hail, wind, snow and ice can cause thousands of dollars in structural damage, including damage to your landscaping. The dwelling coverage provision usually insures these claims, but there may be specific exclusions in your policy, such as wind and hail damage. Ironically, these policy exclusions are likely to be found in regions where this weather is frequent, but you should still check with your carrier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Winter Weather Safety Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Insulate your home properly to keep heat inside.</li><li>Insulate pipes located in unheated spaces such as basements, attics and crawl spaces.</li><li>Cut down dead trees and loose branches.</li><li>Remove anything outside that isn’t fastened to the ground.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Domestic or Wild Animal Incidents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If rodents gnawed through your holiday display or your dog barreled into the china cabinet and broke all the family heirloom china, you would be left holding the bag. Home insurance coverage during the holidays typically doesn\'t extend to damage caused by domestic animals or rodents. But it would insure you if a raccoon snuck in and dragged a turkey baster across your brand new carpet and ruined it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you own a pet and it injured a visitor to your home, then you would have liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Pet Safety Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Keep your pet away from valuables.</li><li>Store holiday decorations in a rodent-free space.</li><li>Make sure your pet is properly trained around other people.</li><li>Keep trash covered.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">9. Sewage Backup</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sewage backups tend to occur more frequently during the holidays. Disposing of grease, paper or plastics into your drains or toilets is a bad idea, but when there are lots of people in the kitchen, things happen. Standard policies don\'t cover sewage backups. This could really hurt your budget because thousands of dollars in damage could be done to floors, walls, furniture and electrical structures if the sewer goes on the fritz.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can purchase extra protection with a sewer backup endorsement and should consider doing so if you\'re planning on having a full house for the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Plumbing Safety and Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Don’t overload your drains with grease and other waste.</li><li>Purchase plenty of heavy-duty garbage bags.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Knowing full well what home insurance covers and reading your policy\'s fine print to ensure sufficient limits and overall coverage can ease some of the anxieties brought on by the holidays. An ounce of prevention during this time is worth a pound of cure. Even with this peace of mind, however, be aware that insurers may look for negligence in claims. Be sure to thoroughly document any accidents that may happen in your home and on your property.</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.moneygeek.com/insurance/homeowners/home-insurance-holiday-coverage/\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Holiday Mishaps Your Home Insurance Covers','','publish','closed','closed','','9-holiday-mishaps-your-home-insurance-covers','','','2022-11-29 01:35:51','2022-11-29 01:35:51','',0,'http://smartinsurance.tips/?p=2843',0,'post','',0),(2844,1,'2022-11-29 01:27:31','2022-11-29 01:27:31','','Insurance-6','','inherit','closed','closed','','insurance-6-8','','','2022-11-29 01:27:31','2022-11-29 01:27:31','',2843,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-6.png',0,'attachment','image/png',0),(2845,1,'2022-11-29 01:35:51','2022-11-29 01:35:51','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2844,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-6.png\" alt=\"\" class=\"wp-image-2844\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Although COVID-19 is still the most overwhelming global concern for 2020, the holidays aren’t taking a break. In a year of unexpected disappointments, the last thing you need is an accident in the home to put a damper on the holiday cheer, especially when you’re not sure if your home insurance policy will protect you from home holiday mishaps. After the surprises that 2020 brought, nobody wants to think about electrical issues, fires, guest injuries on your property or robberies during the holidays. Still, because anything can happen, it’s best to be prepared.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are some of the most common holiday snafus, misadventures and accidents that worry homeowners and ruin holidays, along with some tips and reminders to help you avoid home insurance holiday claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Indoor Fires From Holiday Decorations, Cooking or Fireplaces</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Any number of situations could cause a blaze to erupt in your home, but fires resulting from bone-dry Christmas trees, cooking and fireplaces are relatively common occurrences. Fortunately, the dwelling coverage on your home insurance policy covers fire damage sustained to the structure of your home. If a fire torches your belongings, the personal property coverage provision protects you from these losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To make sure you\'re fully insured for a fire loss, check that your policy has the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Structural damage coverage beyond the value of your home.</li><li>Updates for any new home renovations or significant purchases you\'ve made.</li><li>Limits equal to or above the value of your belongings.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Fire Safety and Prevention Reminders:</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Make sure it\'s your smoke detector is working correctly.</li><li>Close fireplace doors when you\'re not actively attending to the fire.</li><li>Remove flammable items near the fireplace.</li><li>Water your Christmas tree regularly.</li><li>Check wires for fraying and electrical shorts.</li><li>Make sure your home is wired for the extra electrical capacity you need during the holidays.</li><li>Don\'t burn candles for too long, keep them away from hazards such as curtains and never leave them unattended.</li><li>Keep a fire extinguisher handy when cooking.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Electrical Mishaps From Outdoor Holiday Displays</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Fires or other forms of damage caused by outdoor electrical displays are also common during the holidays. Dwelling coverage protects you against fire damage to landscaping. Lights and other ornaments are typically insured from fire, vandalism or theft, but not from normal and tear.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Outdoor Decor Safety and Prevention Reminders:</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Use lights and cords manufactured for outdoor use.</li><li>Make certain lights, extensions and outlets have sufficient electrical load.</li><li>Inspect wires, lights, cords and plugs for any malfunction and damage.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Injuries on Your Property</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If a guest slips and falls on ice or gets food poisoning requiring medical attention while at your home, your home insurance or renters insurance policy\'s liability protection should cover guest injuries. The lowest limit is usually around $100,000, but you can and should request more. As part of your liability coverage, a medical payments clause covers your injured guest\'s medical bills — again, only up to a certain limit, so check your policy and make sure you have the right amount of coverage to protect your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong>&nbsp;The term \'accident\' is used in a general context in home insurance policies; however, exclusions would apply if your insurance company qualified the \'accident\' as willful intent or malicious conduct.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Additionally, if you fell off of a ladder or roof when pinning up your light display, your insurance policy wouldn\'t cover any injuries you sustain. Home insurance policies exclude injuries to you or other members of your household.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Injury Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Salt your driveway and walkway to avoid slip-and-fall accidents.</li><li>Be conscious of anything that could potentially cause injury.</li><li>Read labels for expiration dates.</li><li>Don’t cross-contaminate foods.</li><li>Ensure surfaces are sanitized.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Alcohol-Related Accidents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Liability protection can become more complicated with alcohol-related accidents. Most states have mandates that allow injured parties the right to sue hosts who served alcohol prior to their accidents — known as social host or dram shop liability — if negligence is found. Criminal charges could also apply. Some states restrict liability on-site, while others impose liability off-site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Home or renter\'s insurance policies usually include a liquor liability statute. Coverage is typically $100,000—$300,000, but only if alcohol isn\'t sold within the home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Alcohol Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Review your state’s social host liability laws.</li><li>Consider hosting at a venue or hire a professional bartender.</li><li>Offer non-alcoholic beverages.</li><li>Encourage responsible drinking and driving.</li><li>Stop serving towards the end of the evening.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. COVID-19 Exposure</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Along with alcohol-related incidents, there could be COVID-19 outbreaks among families and social groups this season. That\'s why many experts are suggesting spending the holidays at home with only other household members.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Check your policy for a \"communicable disease\" exclusion, which essentially denies coverage if guests contract a contagious disease, such as the coronavirus, in your home. Some jurisdictions require that insurance companies cover the negligent transmission of a viral outbreak.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Coronavirus Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Adhere to strict social distancing, mask wearing, hand sanitizing and limits to the number of people you have in your home.</li><li>Provide hand sanitizer throughout your home.</li><li>Sterilize surfaces with Centers for Disease Control and Prevention (CDC)-approved cleansers.</li><li>Check the CDC website for further protocols and the most up-to-date information on COVID-19 and the holidays.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Theft Inside and Outside Your Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The holidays also make homes an easy mark for burglars. Rest assured that stolen belongings fall under personal property coverage. Even items taken outside of your home are qualified as \'personal property off premises\' and should still be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Take the extra time to secure your home with deadbolt locks, grates, security camera systems or burglar alarms to avoid a claim. Your carrier may even apply discounts to your premium for installing these devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you recently purchased a costly gift, update your policy accordingly. You may want to add a personal property endorsement or floater as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Theft Safety and Prevention Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Take note of any vulnerable entry points, such as doors, windows and locks.</li><li>Invest in security cameras, burglar alarms and motion-sensor exterior lights.</li><li>Keep valuable items out of sight.</li><li>Make sure your vehicle is locked.</li><li>Verify your policy provides enough personal belongings protection.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">7. Winter Weather Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Winter weather incidents can dampen the holiday spirit. Frozen pipes, hail, wind, snow and ice can cause thousands of dollars in structural damage, including damage to your landscaping. The dwelling coverage provision usually insures these claims, but there may be specific exclusions in your policy, such as wind and hail damage. Ironically, these policy exclusions are likely to be found in regions where this weather is frequent, but you should still check with your carrier.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Winter Weather Safety Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Insulate your home properly to keep heat inside.</li><li>Insulate pipes located in unheated spaces such as basements, attics and crawl spaces.</li><li>Cut down dead trees and loose branches.</li><li>Remove anything outside that isn’t fastened to the ground.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Domestic or Wild Animal Incidents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If rodents gnawed through your holiday display or your dog barreled into the china cabinet and broke all the family heirloom china, you would be left holding the bag. Home insurance coverage during the holidays typically doesn\'t extend to damage caused by domestic animals or rodents. But it would insure you if a raccoon snuck in and dragged a turkey baster across your brand new carpet and ruined it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you own a pet and it injured a visitor to your home, then you would have liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Holiday Pet Safety Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Keep your pet away from valuables.</li><li>Store holiday decorations in a rodent-free space.</li><li>Make sure your pet is properly trained around other people.</li><li>Keep trash covered.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">9. Sewage Backup</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sewage backups tend to occur more frequently during the holidays. Disposing of grease, paper or plastics into your drains or toilets is a bad idea, but when there are lots of people in the kitchen, things happen. Standard policies don\'t cover sewage backups. This could really hurt your budget because thousands of dollars in damage could be done to floors, walls, furniture and electrical structures if the sewer goes on the fritz.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can purchase extra protection with a sewer backup endorsement and should consider doing so if you\'re planning on having a full house for the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Plumbing Safety and Reminders</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Don’t overload your drains with grease and other waste.</li><li>Purchase plenty of heavy-duty garbage bags.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Knowing full well what home insurance covers and reading your policy\'s fine print to ensure sufficient limits and overall coverage can ease some of the anxieties brought on by the holidays. An ounce of prevention during this time is worth a pound of cure. Even with this peace of mind, however, be aware that insurers may look for negligence in claims. Be sure to thoroughly document any accidents that may happen in your home and on your property.</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.moneygeek.com/insurance/homeowners/home-insurance-holiday-coverage/\">click here.</a></p>\n<!-- /wp:paragraph -->','9 Holiday Mishaps Your Home Insurance Covers','','inherit','closed','closed','','2843-revision-v1','','','2022-11-29 01:35:51','2022-11-29 01:35:51','',2843,'http://smartinsurance.tips/?p=2845',0,'revision','',0),(2846,1,'2022-11-29 02:06:50','2022-11-29 02:06:50','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2847,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-7.png\" alt=\"\" class=\"wp-image-2847\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What Is Hazard Insurance?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">DEFINITION: Hazard insurance is the part of your homeowners policy that covers the structure of your dwelling if it takes damage from specific disasters, such as fires, hail, storms, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Hazard insurance is the part of your homeowners policy that covers the structure of your dwelling if it takes damage from specific disasters, such as fires, hail, storms, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">Here’s what you should know about hazard insurance, including how it works, what it covers, and when you might need it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Definition of Hazard Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Hazard insurance is one of the coverages that your homeowners insurance policy provides. It covers the structure of your dwelling if it sustains losses or damage from certain natural disasters, sometimes known as hazards or perils. It’s the same as your policy’s dwelling coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">You’ll often see damage from storms, fires, and vehicle crashes listed as covered risks. However, flooding and earthquakes are usually not included.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-9\">People sometimes use the term hazard insurance interchangeably with homeowners insurance, but technically, they’re not the same. Hazard insurance is a subset of the coverage from a homeowners policy, while homeowners insurance includes a variety of coverages (other structures on your property, personal property, certain liabilities, and more).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">That said, if a mortgage lender asks you to get hazard insurance, they’re talking about buying homeowners insurance. You generally can’t purchase hazard coverage on its own.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-13\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Alternate names</strong>: Dwelling insurance; peril insurance</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-15\">How Hazard Insurance Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Your land and buildings are valuable assets that are inherently vulnerable to the elements. You probably don’t want to risk leaving them uninsured, whether you own the property as a resident or an investor.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Unsurprisingly, your mortgage lender doesn’t want you to either. Most lenders require that you get a homeowners policy with hazard insurance to qualify for financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">If a covered incident occurs, your hazard insurance coverage is what requires your insurance provider to reimburse you for some or all of your losses, minus your deductible and up to the policy limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Depending on whether your policy covers your dwelling’s actual cash value (ACV) or replacement cost, you’ll get more or less money for your claim. Replacement cost policies cover the entire cost to repair the property with something of like kind and quality, usually up to its current price. ACV policies adjust that number down to account for depreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, say you have an ACV homeowners policy with hazard insurance and a $1,000 deductible. You come home one day after a storm to find that the wind knocked a tree over into your house, crushing part of your roof. The repairs will cost $12,000, but since you last replaced your roof, it’s depreciated by $3,000. If your claim is successful, you’d net $8,000 in insurance proceeds ($12,000 minus depreciation and your deductible).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> New building codes can significantly drive up the cost to rebuild or upgrade a damaged home to meet your city’s current codes. Standard homeowners insurance policies don’t cover these additional costs unless you have a special rider on your policy called ordinance or law coverage, also known as building codes coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-26\">What Does Hazard Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Hazard insurance covers damage to the structure of your residence from certain perils. The exact perils covered depend on your policy, but often include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-29\" class=\"has-black-color has-text-color has-large-font-size\"><li>Fire</li><li>Hail</li><li>Lightning</li><li>Theft</li><li>Vandalism</li><li>Fallen trees</li><li>Vehicles that run into your home</li><li>Explosions</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Don’t assume that your policy covers water damage from storms just because it covers the trees they blow over. Hazard insurance typically does not include damage from flooding or earthquakes. You’ll usually have to buy separate policies to cover those forms of damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-32\">Do I Need Hazard Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-33\">Hazard insurance is a part of your broader homeowners insurance policy, so any situation where you might need to insure a property that you own generally requires you to get hazard insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Most often, that happens when you’re trying to close on a mortgage. Your lender will typically tell you to buy a homeowners policy with sufficient hazard insurance before you can close. The home is the lender’s collateral, after all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Keep in mind that even if you own your property outright, you should still get hazard insurance to protect your investment.<sup>1</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">If you’re renting your residence, hazard insurance probably isn’t going to be relevant. Instead, your landlord or whoever owns the building would have this policy, since it covers the building itself. However, a renters insurance policy often covers damage to your belongings from similar perils.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-3\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Hazard insurance is the part of your homeowners policy that covers damage to your property’s structure from disasters (dwelling coverage).</li><li>Hazard insurance usually includes coverage for various forms of damage from storms, fires, vehicle crashes, and other perils, but not flooding or earthquakes.</li><li>If you own land or buildings, also known as real property, you should consider having hazard insurance as part of your homeowners policy. It’s too risky to go without, and if you use a mortgage to buy a home, your lender will require it.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-hazard-insurance-5209151\">click here.</a></p>\n<!-- /wp:paragraph -->','How Hazard Insurance Protects you and your family','','publish','closed','closed','','how-hazard-insurance-protects-you-and-your-family','','','2022-11-29 02:06:50','2022-11-29 02:06:50','',0,'http://smartinsurance.tips/?p=2846',0,'post','',0),(2847,1,'2022-11-29 01:36:49','2022-11-29 01:36:49','','Insurance-7','','inherit','closed','closed','','insurance-7-8','','','2022-11-29 01:36:49','2022-11-29 01:36:49','',2846,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-7.png',0,'attachment','image/png',0),(2848,1,'2022-11-29 02:06:50','2022-11-29 02:06:50','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2847,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-7.png\" alt=\"\" class=\"wp-image-2847\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">What Is Hazard Insurance?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">DEFINITION: Hazard insurance is the part of your homeowners policy that covers the structure of your dwelling if it takes damage from specific disasters, such as fires, hail, storms, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Hazard insurance is the part of your homeowners policy that covers the structure of your dwelling if it takes damage from specific disasters, such as fires, hail, storms, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">Here’s what you should know about hazard insurance, including how it works, what it covers, and when you might need it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-4\">Definition of Hazard Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-5\">Hazard insurance is one of the coverages that your homeowners insurance policy provides. It covers the structure of your dwelling if it sustains losses or damage from certain natural disasters, sometimes known as hazards or perils. It’s the same as your policy’s dwelling coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-7\">You’ll often see damage from storms, fires, and vehicle crashes listed as covered risks. However, flooding and earthquakes are usually not included.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-9\">People sometimes use the term hazard insurance interchangeably with homeowners insurance, but technically, they’re not the same. Hazard insurance is a subset of the coverage from a homeowners policy, while homeowners insurance includes a variety of coverages (other structures on your property, personal property, certain liabilities, and more).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">That said, if a mortgage lender asks you to get hazard insurance, they’re talking about buying homeowners insurance. You generally can’t purchase hazard coverage on its own.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-13\" class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Alternate names</strong>: Dwelling insurance; peril insurance</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-15\">How Hazard Insurance Works</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-16\">Your land and buildings are valuable assets that are inherently vulnerable to the elements. You probably don’t want to risk leaving them uninsured, whether you own the property as a resident or an investor.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-18\">Unsurprisingly, your mortgage lender doesn’t want you to either. Most lenders require that you get a homeowners policy with hazard insurance to qualify for financing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-20\">If a covered incident occurs, your hazard insurance coverage is what requires your insurance provider to reimburse you for some or all of your losses, minus your deductible and up to the policy limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Depending on whether your policy covers your dwelling’s actual cash value (ACV) or replacement cost, you’ll get more or less money for your claim. Replacement cost policies cover the entire cost to repair the property with something of like kind and quality, usually up to its current price. ACV policies adjust that number down to account for depreciation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For example, say you have an ACV homeowners policy with hazard insurance and a $1,000 deductible. You come home one day after a storm to find that the wind knocked a tree over into your house, crushing part of your roof. The repairs will cost $12,000, but since you last replaced your roof, it’s depreciated by $3,000. If your claim is successful, you’d net $8,000 in insurance proceeds ($12,000 minus depreciation and your deductible).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> New building codes can significantly drive up the cost to rebuild or upgrade a damaged home to meet your city’s current codes. Standard homeowners insurance policies don’t cover these additional costs unless you have a special rider on your policy called ordinance or law coverage, also known as building codes coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-26\">What Does Hazard Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-27\">Hazard insurance covers damage to the structure of your residence from certain perils. The exact perils covered depend on your policy, but often include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-29\" class=\"has-black-color has-text-color has-large-font-size\"><li>Fire</li><li>Hail</li><li>Lightning</li><li>Theft</li><li>Vandalism</li><li>Fallen trees</li><li>Vehicles that run into your home</li><li>Explosions</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Don’t assume that your policy covers water damage from storms just because it covers the trees they blow over. Hazard insurance typically does not include damage from flooding or earthquakes. You’ll usually have to buy separate policies to cover those forms of damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-32\">Do I Need Hazard Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-33\">Hazard insurance is a part of your broader homeowners insurance policy, so any situation where you might need to insure a property that you own generally requires you to get hazard insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-35\">Most often, that happens when you’re trying to close on a mortgage. Your lender will typically tell you to buy a homeowners policy with sufficient hazard insurance before you can close. The home is the lender’s collateral, after all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-37\">Keep in mind that even if you own your property outright, you should still get hazard insurance to protect your investment.<sup>1</sup></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-39\">If you’re renting your residence, hazard insurance probably isn’t going to be relevant. Instead, your landlord or whoever owns the building would have this policy, since it covers the building itself. However, a renters insurance policy often covers damage to your belongings from similar perils.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0-3\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Hazard insurance is the part of your homeowners policy that covers damage to your property’s structure from disasters (dwelling coverage).</li><li>Hazard insurance usually includes coverage for various forms of damage from storms, fires, vehicle crashes, and other perils, but not flooding or earthquakes.</li><li>If you own land or buildings, also known as real property, you should consider having hazard insurance as part of your homeowners policy. It’s too risky to go without, and if you use a mortgage to buy a home, your lender will require it.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-hazard-insurance-5209151\">click here.</a></p>\n<!-- /wp:paragraph -->','How Hazard Insurance Protects you and your family','','inherit','closed','closed','','2846-revision-v1','','','2022-11-29 02:06:50','2022-11-29 02:06:50','',2846,'http://smartinsurance.tips/?p=2848',0,'revision','',0),(2849,1,'2022-11-29 02:15:59','2022-11-29 02:15:59','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In many cases (but not all), the answer is “yes”.</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\":2850,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-8.png\" alt=\"\" class=\"wp-image-2850\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Your home’s foundation is one of the most important parts of its construction. The foundation is the base on which the rest of the house is built. Cracks and other damage might have you feeling nervous—from the worry over your home’s safety to the cost of repairs. Depending on the damage to your foundation, repairing your foundation could come with a hefty bill from your contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">That’s where your homeowners insurance could be a big help. In certain circumstances, homeowners insurance will help cover the cost to repair your foundation. Learn more about homeowners insurance, foundation repair, how to spot foundation damage, and what you can do to prevent it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Homeowners insurance covers some types of foundation repairs, but not usually those related to seepage, insect damage, or improper maintenance.</li><li>Some causes of foundation damage—like earthquakes or floods—require additional insurance coverage.</li><li>File an insurance claim with your homeowners insurance as soon as you notice foundation damage that might be covered.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-5\">What Causes Foundation Damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Foundation damage can be caused by a sudden, catastrophic event or slowly over time. Many types of foundation damage come from natural causes, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-8\" class=\"has-black-color has-text-color has-large-font-size\"><li>Termite damage to wood foundations</li><li>Rat and other rodent burrows </li><li>Heat and flames from a home fire or wildfire</li><li>Water flowing, absorbing, or seeping into foundation materials</li><li>Flooding</li><li>Earthquakes</li><li>Droughts and dry soil</li><li>Expanding soil</li><li>Tree roots</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-10\">Foundation Damage That Homeowners Insurance Covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">A vital part of your homeowners insurance policy is dwelling coverage. Dwelling coverage protects the structure of your home and attached buildings—like an attached garage—from the types of accidents covered in your policy. Covered accidents usually include damage from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-13\" class=\"has-black-color has-text-color has-large-font-size\"><li>Fire and lightning</li><li>Explosions</li><li>Theft</li><li>Vandalism</li><li>Vehicles</li><li>Windstorms and hail (unless you live in certain areas)</li><li>Sudden, accidental water damage</li><li>Falling objects (like trees)</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-15\">Most foundation repairs covered by homeowners insurance involve an unexpected accident that’s related to covered perils like fire or theft, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-large-font-size\"><li>A driver loses control of their vehicle and crashes into your house, damaging the foundation.</li><li>A strong storm causes a tree to fall over and crack your foundation.</li><li>A house fire destroys your home and makes the foundation unstable.</li><li>A gas leak causes an explosion that damages part of the foundation.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Where you live can impact what your homeowners policy covers, which could mean your foundation isn’t covered for certain perils. For example, standard homeowners policies for Texas residents along areas of the Gulf Coast don’t cover wind and hail damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-20\">Foundation Damage That Homeowners Insurance Doesn’t Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">While homeowners insurance protects your foundation from many sudden accidents, it doesn’t cover everything. Some of the common exclusions include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-23\" class=\"has-black-color has-text-color has-large-font-size\"><li>Flood</li><li>Wear and tear, such as cracks from natural settling or damage caused by lack of maintenance</li><li>Earthquakes</li><li>Earth movements, such as landslides or erosion</li><li>Damage from termites, rodents, or insects</li><li>Water damage caused by seepage or leaks</li><li>Damage to the foundation from the weight of snow or ice</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">You’ll likely have to cover repairs to your foundation without assistance from your insurance in situations like:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-27\" class=\"has-black-color has-text-color has-large-font-size\"><li>A pipe in your basement causes damage after several years of leaking.</li><li>Your foundation settles over time and starts to crack from age.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-30\">Earthquake and Flood Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">While earthquakes and floods are not covered under a standard homeowners policy, you can purchase additional insurance specifically to cover these hazards. In California, your homeowners insurance company is even legally required to offer earthquake insurance at an additional cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Earthquake and flood insurance can help pay for repairs to your foundation that are related specifically to the natural disaster. However, exclusions may still exist. For instance, a landslide that happens because of an earthquake might not be covered by your earthquake insurance. Be sure to ask your insurance agent or check your flood or earthquake policy for exclusions and limitations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-35\">Signs of Foundation Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-36\">Knowing how to spot foundation damage can help you fix the problem before it becomes a major—and expensive—issue. It’s important to regularly check your home for foundation damage, especially after an event like an earthquake. Some warning signs that you might have foundation or structural damage include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-38\" class=\"has-black-color has-text-color has-large-font-size\"><li>Your floors are uneven.</li><li>Doors and windows don’t easily open and close.</li><li>Cracks appear around doors and windows.</li><li>The foundation exterior and basement walls have cracks.</li><li>Stair-stepped cracking is present in bricks or concrete.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-40\">What To Do If You Discover Foundation Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-41\">If you find damage in your foundation, consider contacting a professional to inspect it. They’ll be able to tell you if you need repairs or if the damage is merely cosmetic. Damage that was caused by a storm or another potentially covered accident can be reported to your insurance company through an insurance claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Is the cost of repairs more than your deductible? If the repair costs are less than your deductible or only slightly higher, it might be better to skip the claim and pay for the repairs yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-46\">The Claims Process for Foundation Repair</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-47\">Follow these steps to file a claim for foundation repairs:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol id=\"mntl-sc-block_1-0-49\" class=\"has-black-color has-text-color has-large-font-size\"><li>Make temporary repairs to your foundation if necessary. Save any receipts related to the short-term repairs.</li><li>Contact your insurance agent or insurance company to start the claims process. Ask them if your repairs are covered by your policy.</li><li>Take photos and videos of the damage for your records and the insurance company.</li><li>A claims adjuster will visit your property to assess the damage.</li><li>You hire a contractor that meets your own and the insurance company’s requirements to complete the repairs.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-51\">How To Prevent Foundation Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-52\">Taking measures to prevent foundation damage can help you avoid the hassle of filing an insurance claim or paying for repairs. For example, adding gutters to your home can help divert excess rainwater away from your home’s foundation. You can also trim overgrown brush and grass near the foundation to discourage rodents from burrowing under your home. Take the time now to assess risks to your foundation and fix them before they can cause problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-54\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>How much do foundation repairs cost?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The cost of foundation repairs varies depending on the extent of the damage, as more severe damage will take more equipment, supplies, and labor to fix. Minor cracks may only cost a few hundred dollars, while extensive repairs may cost upward of $10,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>How do you fix foundation damage?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are several ways foundation repairs can be done. Some repairs include reinforcing an unstable foundation with concrete piers, raising a settled foundation with steel, or stabilizing and waterproofing a foundation with concrete slabs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Does homeowners insurance cover foundation damage from earthquakes or floods?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your standard homeowners policy won’t cover foundation damage due to earthquakes or floods. If you live in an area prone to earthquakes or flooding, you might be able to purchase additional insurance coverage to protect against earthquakes and floods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Can animals or insects damage your foundation?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, animals like rats and mice can burrow under your foundation, such as a concrete slab foundation, and cause damage. Likewise, insects like termites can wreak havoc on wooden pier foundations and can cause damage to your home through concrete foundation cracks.</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/does-homeowners-insurance-cover-foundation-repair-5189320\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Foundation Repair?','','publish','closed','closed','','does-homeowners-insurance-cover-foundation-repair','','','2022-11-29 02:15:59','2022-11-29 02:15:59','',0,'http://smartinsurance.tips/?p=2849',0,'post','',0),(2850,1,'2022-11-29 02:08:00','2022-11-29 02:08:00','','Insurance-8','','inherit','closed','closed','','insurance-8-7','','','2022-11-29 02:08:00','2022-11-29 02:08:00','',2849,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-8.png',0,'attachment','image/png',0),(2851,1,'2022-11-29 02:15:59','2022-11-29 02:15:59','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In many cases (but not all), the answer is “yes”.</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\":2850,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-8.png\" alt=\"\" class=\"wp-image-2850\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0\">Your home’s foundation is one of the most important parts of its construction. The foundation is the base on which the rest of the house is built. Cracks and other damage might have you feeling nervous—from the worry over your home’s safety to the cost of repairs. Depending on the damage to your foundation, repairing your foundation could come with a hefty bill from your contractor.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-2\">That’s where your homeowners insurance could be a big help. In certain circumstances, homeowners insurance will help cover the cost to repair your foundation. Learn more about homeowners insurance, foundation repair, how to spot foundation damage, and what you can do to prevent it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block-callout-heading_1-0\"><strong>Key Takeaways</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Homeowners insurance covers some types of foundation repairs, but not usually those related to seepage, insect damage, or improper maintenance.</li><li>Some causes of foundation damage—like earthquakes or floods—require additional insurance coverage.</li><li>File an insurance claim with your homeowners insurance as soon as you notice foundation damage that might be covered.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-5\">What Causes Foundation Damage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-6\">Foundation damage can be caused by a sudden, catastrophic event or slowly over time. Many types of foundation damage come from natural causes, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-8\" class=\"has-black-color has-text-color has-large-font-size\"><li>Termite damage to wood foundations</li><li>Rat and other rodent burrows </li><li>Heat and flames from a home fire or wildfire</li><li>Water flowing, absorbing, or seeping into foundation materials</li><li>Flooding</li><li>Earthquakes</li><li>Droughts and dry soil</li><li>Expanding soil</li><li>Tree roots</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-10\">Foundation Damage That Homeowners Insurance Covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-11\">A vital part of your homeowners insurance policy is dwelling coverage. Dwelling coverage protects the structure of your home and attached buildings—like an attached garage—from the types of accidents covered in your policy. Covered accidents usually include damage from:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-13\" class=\"has-black-color has-text-color has-large-font-size\"><li>Fire and lightning</li><li>Explosions</li><li>Theft</li><li>Vandalism</li><li>Vehicles</li><li>Windstorms and hail (unless you live in certain areas)</li><li>Sudden, accidental water damage</li><li>Falling objects (like trees)</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-15\">Most foundation repairs covered by homeowners insurance involve an unexpected accident that’s related to covered perils like fire or theft, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-17\" class=\"has-black-color has-text-color has-large-font-size\"><li>A driver loses control of their vehicle and crashes into your house, damaging the foundation.</li><li>A strong storm causes a tree to fall over and crack your foundation.</li><li>A house fire destroys your home and makes the foundation unstable.</li><li>A gas leak causes an explosion that damages part of the foundation.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Where you live can impact what your homeowners policy covers, which could mean your foundation isn’t covered for certain perils. For example, standard homeowners policies for Texas residents along areas of the Gulf Coast don’t cover wind and hail damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-20\">Foundation Damage That Homeowners Insurance Doesn’t Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-21\">While homeowners insurance protects your foundation from many sudden accidents, it doesn’t cover everything. Some of the common exclusions include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-23\" class=\"has-black-color has-text-color has-large-font-size\"><li>Flood</li><li>Wear and tear, such as cracks from natural settling or damage caused by lack of maintenance</li><li>Earthquakes</li><li>Earth movements, such as landslides or erosion</li><li>Damage from termites, rodents, or insects</li><li>Water damage caused by seepage or leaks</li><li>Damage to the foundation from the weight of snow or ice</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-25\">You’ll likely have to cover repairs to your foundation without assistance from your insurance in situations like:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-27\" class=\"has-black-color has-text-color has-large-font-size\"><li>A pipe in your basement causes damage after several years of leaking.</li><li>Your foundation settles over time and starts to crack from age.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-30\">Earthquake and Flood Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-31\">While earthquakes and floods are not covered under a standard homeowners policy, you can purchase additional insurance specifically to cover these hazards. In California, your homeowners insurance company is even legally required to offer earthquake insurance at an additional cost.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Earthquake and flood insurance can help pay for repairs to your foundation that are related specifically to the natural disaster. However, exclusions may still exist. For instance, a landslide that happens because of an earthquake might not be covered by your earthquake insurance. Be sure to ask your insurance agent or check your flood or earthquake policy for exclusions and limitations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-35\">Signs of Foundation Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-36\">Knowing how to spot foundation damage can help you fix the problem before it becomes a major—and expensive—issue. It’s important to regularly check your home for foundation damage, especially after an event like an earthquake. Some warning signs that you might have foundation or structural damage include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul id=\"mntl-sc-block_1-0-38\" class=\"has-black-color has-text-color has-large-font-size\"><li>Your floors are uneven.</li><li>Doors and windows don’t easily open and close.</li><li>Cracks appear around doors and windows.</li><li>The foundation exterior and basement walls have cracks.</li><li>Stair-stepped cracking is present in bricks or concrete.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-40\">What To Do If You Discover Foundation Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-41\">If you find damage in your foundation, consider contacting a professional to inspect it. They’ll be able to tell you if you need repairs or if the damage is merely cosmetic. Damage that was caused by a storm or another potentially covered accident can be reported to your insurance company through an insurance claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>Note:</strong> Is the cost of repairs more than your deductible? If the repair costs are less than your deductible or only slightly higher, it might be better to skip the claim and pay for the repairs yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-46\">The Claims Process for Foundation Repair</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-47\">Follow these steps to file a claim for foundation repairs:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol id=\"mntl-sc-block_1-0-49\" class=\"has-black-color has-text-color has-large-font-size\"><li>Make temporary repairs to your foundation if necessary. Save any receipts related to the short-term repairs.</li><li>Contact your insurance agent or insurance company to start the claims process. Ask them if your repairs are covered by your policy.</li><li>Take photos and videos of the damage for your records and the insurance company.</li><li>A claims adjuster will visit your property to assess the damage.</li><li>You hire a contractor that meets your own and the insurance company’s requirements to complete the repairs.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-51\">How To Prevent Foundation Damage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\" id=\"mntl-sc-block_1-0-52\">Taking measures to prevent foundation damage can help you avoid the hassle of filing an insurance claim or paying for repairs. For example, adding gutters to your home can help divert excess rainwater away from your home’s foundation. You can also trim overgrown brush and grass near the foundation to discourage rodents from burrowing under your home. Take the time now to assess risks to your foundation and fix them before they can cause problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"mntl-sc-block_1-0-54\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>How much do foundation repairs cost?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The cost of foundation repairs varies depending on the extent of the damage, as more severe damage will take more equipment, supplies, and labor to fix. Minor cracks may only cost a few hundred dollars, while extensive repairs may cost upward of $10,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>How do you fix foundation damage?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are several ways foundation repairs can be done. Some repairs include reinforcing an unstable foundation with concrete piers, raising a settled foundation with steel, or stabilizing and waterproofing a foundation with concrete slabs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Does homeowners insurance cover foundation damage from earthquakes or floods?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your standard homeowners policy won’t cover foundation damage due to earthquakes or floods. If you live in an area prone to earthquakes or flooding, you might be able to purchase additional insurance coverage to protect against earthquakes and floods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h2 class=\"has-black-color has-text-color has-large-font-size\"><strong>Can animals or insects damage your foundation?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Yes, animals like rats and mice can burrow under your foundation, such as a concrete slab foundation, and cause damage. Likewise, insects like termites can wreak havoc on wooden pier foundations and can cause damage to your home through concrete foundation cracks.</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/does-homeowners-insurance-cover-foundation-repair-5189320\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Foundation Repair?','','inherit','closed','closed','','2849-revision-v1','','','2022-11-29 02:15:59','2022-11-29 02:15:59','',2849,'http://smartinsurance.tips/?p=2851',0,'revision','',0),(2852,1,'2022-11-29 02:21:50','2022-11-29 02:21:50','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2853,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-9.png\" alt=\"\" class=\"wp-image-2853\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You know Dasher and Dancer and Prancer and Vixen, but do you recall the most infamous holiday disasters of all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Okay, so maybe that doesn’t make for the most joyous of Christmas carols, but it’s good to know that the holiday season comes with a few added risks. You can reduce your own chances of disaster if you know what to watch for during the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Don’t Leave Milk and Cookies Out for Car Thieves</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Trouble could start right in your driveway. Historically, car thieves don’t take time off for the holidays. In fact, New Year’s Day is the No. 1 holiday for car theft, according to the National Insurance Crime Bureau. New Year’s Eve was the fourth most popular day for car thieves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If there is a silver lining for holiday car theft, it’s that thieves may be slightly more charitable around Christmas time. On average, there are 2,175 cars stolen in the United States every day. But there is a decrease in car theft on Christmas Eve (2,011) and Christmas Day (1,580).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Fires Involving Christmas Trees and Lights</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A homeowners insurance policy covers fire in and around your home, including a Christmas tree fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Data from the National Fire Protection Association (NFPA) indicates Christmas tree fires aren’t common, but they can be deadly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Between 2014 and 2018, U.S. firefighters responded to an average of 160 home fires a year that started with Christmas trees, the NFPA says. These blazes caused an average of two deaths, 14 injuries and $10 million in property damage each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">During the 2014 to 2018 timeframe, 45% of home Christmas tree fires involved electrical or lighting equipment, according to the NFPA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Safety Tips</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Two of the simplest ways to keep your home free from fire dangers during the holiday season are to make sure your smoke alarms are working correctly and to put up an artificial tree only if it’s fire-rated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The NFPA offers these additional recommendations for preventing your home from becoming a fire scene:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Pick a live one.</strong>&nbsp;Look for a tree with fresh, green needles that don’t fall off when you touch them. Before placing your tree in the stand, cut two inches from the base of the trunk.</li><li><strong>Keep some distance.</strong>&nbsp;Place your tree at least 3 feet away from any source of heat, such as radiators, heating vents, lights, candles and fireplaces.</li><li><strong>Stay hydrated.</strong>&nbsp;Add water each day to the stand for a live tree.</li><li><strong>Use quality lights.</strong>&nbsp;Only use tree lights that carry the label of a qualified testing laboratory. Keep in mind, some lights are for indoor use only.</li><li><strong>Inspect your lights.</strong>&nbsp;Replace strings of lights that have worn or broken cords or loose bulb connections.</li><li><strong>Never decorate your tree with lit candles.</strong></li><li><strong>Turn off the lights</strong>&nbsp;before you leave your home or go to bed.</li><li><strong>Get rid of your tree.</strong>&nbsp;Dispose of your live tree after Christmas or when it dries out. Do not put it in your garage or placed outside against your home. Dried out trees are a fire hazard.</li><li><strong>Take down your lights.</strong>&nbsp;Bring your outdoor lights inside after the holiday season to reduce fire risk and make your lights last longer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition, be careful when climbing a ladder to hang Christmas lights and decorations. Falls lead to thousands of holiday-decorating injuries each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Kitchen Fires</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your home insurance policy will cover kitchen fires, which is a good thing because there are a lot of them during the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Christmas Day and Christmas Eve are two of the most festive days of the year. They’re also among the top five days for home cooking fires, according to a 2020 report by the NFPA. On Christmas Day that year, U.S. fire departments received reports of 740 home cooking fires. On Christmas Eve, the total was 650. In 2018, the daily average for home cooking fires was 470.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sadly, these fires can do more than ruin a turkey or ham. From 2014 to 2018, home cooking fires led to an average of 550 deaths per year, along with 4,820 injuries and $1.2 billion in property damage, the NFPA says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Safety Tips</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Nearly half (44%) of all home fires start in the kitchen. Here are some tips from the NFPA to stay safe while whipping up holiday meals:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Stay in the kitchen.</strong>&nbsp;You may want to head to the living room to watch football or chat with relatives while food is cooking in the kitchen, but it’s a dangerous move. Remain in the kitchen while you’re cooking. Even if you leave the kitchen for a brief time, turn off the stove. Unattended cooking is the No. 1 cause of cooking fires and casualties.</li><li><strong>Stay alert.</strong>&nbsp;If you’re feeling sleepy or you’ve sipped too much wine, have someone else man the stove.</li><li><strong>Watch the food.</strong>&nbsp;Check food regularly while cooking and set timers as reminders.</li><li><strong>Keep kids at a distance.</strong>&nbsp;Create a “kid-free zone” of at least 3 feet around the stove and areas where hot food or drinks are being prepared or served.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Accidents Involving Holiday Guests</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Home-related accidents can definitely put a damper on the holiday spirit. Your Uncle Al may break his arm when he slips and falls on your ice-covered front steps as he’s arriving for Christmas Eve dinner. Or your Aunt Sally might down too much bubbly on New Year’s Eve, then get behind the wheel of her SUV and cause an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your homeowners insurance includes coverage for injuries to guests. If it’s a small injury, you may want to tap your home insurance policy’s medical payments coverage. Claims under this coverage can be made quickly because the insurer won’t need to determine who’s at fault. But medical payments coverage limits can be low, such as $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For more expensive guest injuries, homeowners policies provide at least $100,000 in personal liability coverage. (You can bump up this liability limit and/or add umbrella insurance for extra coverage.) If you’re sued by a guest, liability coverage also pays for your legal defense.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now, let’s consider Aunt Sally’s drunk driving accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As a social host, you may be responsible for the actions of Sally or any other guest who gets tipsy at your home. That means you can be sued if a drunk guest leaves and causes an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some homeowners insurance policies provide liquor liability coverage (assuming it doesn’t involve liquor served to a minor). But don’t assume yours does. Contact your home insurance agent to confirm; if your policy won’t cover you as a host for liquor liability, you may be able to add a “host liquor” endorsement and ensure you have coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Safety Tips</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are some ways to keep your home from becoming a holiday danger zone:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Clear snow and ice from walkways, driveways and stairs before guests arrive.</li><li>Make sure exterior lights are working.</li><li>Apply double-sided tape or use no-slip mats to make sure area rugs are secure and don’t turn into trip-and-fall hazards.</li><li>Remove clutter like toys, laundry and wrapping paper to decrease the odds of a guest slipping or tripping.</li><li>Clean up spills as soon as possible so that a guest doesn’t slip on a slick floor.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most importantly, don’t allow a visitor who’s visibly intoxicated to get behind the wheel of their car. If you let that visitor drive away, you could be held responsible for a car accident that’s their fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Insurance Information Institute offers these additional recommendations for steering clear of booze-fueled holiday disasters:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Encourage guests who’ve been drinking to ride home with a designated sober driver. If that’s not possible, arrange for a taxi or rideshare, or invite an inebriated guest to spend the night at your house.</li><li>Serve plenty of food and nonalcoholic beverages to lower the chances of your guests becoming intoxicated.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/homeowners-insurance/holiday-disasters/\">click here.</a></p>\n<!-- /wp:paragraph -->','Insurance and Safety tips For Holiday Disasters','','publish','closed','closed','','insurance-and-safety-tips-for-holiday-disasters','','','2022-11-29 02:21:50','2022-11-29 02:21:50','',0,'http://smartinsurance.tips/?p=2852',0,'post','',0),(2853,1,'2022-11-29 02:16:58','2022-11-29 02:16:58','','Insurance-9','','inherit','closed','closed','','insurance-9-6','','','2022-11-29 02:16:58','2022-11-29 02:16:58','',2852,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-9.png',0,'attachment','image/png',0),(2854,1,'2022-11-29 02:21:50','2022-11-29 02:21:50','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2853,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-9.png\" alt=\"\" class=\"wp-image-2853\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You know Dasher and Dancer and Prancer and Vixen, but do you recall the most infamous holiday disasters of all?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Okay, so maybe that doesn’t make for the most joyous of Christmas carols, but it’s good to know that the holiday season comes with a few added risks. You can reduce your own chances of disaster if you know what to watch for during the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Don’t Leave Milk and Cookies Out for Car Thieves</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Trouble could start right in your driveway. Historically, car thieves don’t take time off for the holidays. In fact, New Year’s Day is the No. 1 holiday for car theft, according to the National Insurance Crime Bureau. New Year’s Eve was the fourth most popular day for car thieves.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If there is a silver lining for holiday car theft, it’s that thieves may be slightly more charitable around Christmas time. On average, there are 2,175 cars stolen in the United States every day. But there is a decrease in car theft on Christmas Eve (2,011) and Christmas Day (1,580).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Fires Involving Christmas Trees and Lights</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A homeowners insurance policy covers fire in and around your home, including a Christmas tree fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Data from the National Fire Protection Association (NFPA) indicates Christmas tree fires aren’t common, but they can be deadly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Between 2014 and 2018, U.S. firefighters responded to an average of 160 home fires a year that started with Christmas trees, the NFPA says. These blazes caused an average of two deaths, 14 injuries and $10 million in property damage each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">During the 2014 to 2018 timeframe, 45% of home Christmas tree fires involved electrical or lighting equipment, according to the NFPA.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Safety Tips</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Two of the simplest ways to keep your home free from fire dangers during the holiday season are to make sure your smoke alarms are working correctly and to put up an artificial tree only if it’s fire-rated.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The NFPA offers these additional recommendations for preventing your home from becoming a fire scene:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Pick a live one.</strong>&nbsp;Look for a tree with fresh, green needles that don’t fall off when you touch them. Before placing your tree in the stand, cut two inches from the base of the trunk.</li><li><strong>Keep some distance.</strong>&nbsp;Place your tree at least 3 feet away from any source of heat, such as radiators, heating vents, lights, candles and fireplaces.</li><li><strong>Stay hydrated.</strong>&nbsp;Add water each day to the stand for a live tree.</li><li><strong>Use quality lights.</strong>&nbsp;Only use tree lights that carry the label of a qualified testing laboratory. Keep in mind, some lights are for indoor use only.</li><li><strong>Inspect your lights.</strong>&nbsp;Replace strings of lights that have worn or broken cords or loose bulb connections.</li><li><strong>Never decorate your tree with lit candles.</strong></li><li><strong>Turn off the lights</strong>&nbsp;before you leave your home or go to bed.</li><li><strong>Get rid of your tree.</strong>&nbsp;Dispose of your live tree after Christmas or when it dries out. Do not put it in your garage or placed outside against your home. Dried out trees are a fire hazard.</li><li><strong>Take down your lights.</strong>&nbsp;Bring your outdoor lights inside after the holiday season to reduce fire risk and make your lights last longer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In addition, be careful when climbing a ladder to hang Christmas lights and decorations. Falls lead to thousands of holiday-decorating injuries each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Kitchen Fires</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your home insurance policy will cover kitchen fires, which is a good thing because there are a lot of them during the holidays.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Christmas Day and Christmas Eve are two of the most festive days of the year. They’re also among the top five days for home cooking fires, according to a 2020 report by the NFPA. On Christmas Day that year, U.S. fire departments received reports of 740 home cooking fires. On Christmas Eve, the total was 650. In 2018, the daily average for home cooking fires was 470.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sadly, these fires can do more than ruin a turkey or ham. From 2014 to 2018, home cooking fires led to an average of 550 deaths per year, along with 4,820 injuries and $1.2 billion in property damage, the NFPA says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Safety Tips</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Nearly half (44%) of all home fires start in the kitchen. Here are some tips from the NFPA to stay safe while whipping up holiday meals:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Stay in the kitchen.</strong>&nbsp;You may want to head to the living room to watch football or chat with relatives while food is cooking in the kitchen, but it’s a dangerous move. Remain in the kitchen while you’re cooking. Even if you leave the kitchen for a brief time, turn off the stove. Unattended cooking is the No. 1 cause of cooking fires and casualties.</li><li><strong>Stay alert.</strong>&nbsp;If you’re feeling sleepy or you’ve sipped too much wine, have someone else man the stove.</li><li><strong>Watch the food.</strong>&nbsp;Check food regularly while cooking and set timers as reminders.</li><li><strong>Keep kids at a distance.</strong>&nbsp;Create a “kid-free zone” of at least 3 feet around the stove and areas where hot food or drinks are being prepared or served.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Accidents Involving Holiday Guests</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Home-related accidents can definitely put a damper on the holiday spirit. Your Uncle Al may break his arm when he slips and falls on your ice-covered front steps as he’s arriving for Christmas Eve dinner. Or your Aunt Sally might down too much bubbly on New Year’s Eve, then get behind the wheel of her SUV and cause an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Your homeowners insurance includes coverage for injuries to guests. If it’s a small injury, you may want to tap your home insurance policy’s medical payments coverage. Claims under this coverage can be made quickly because the insurer won’t need to determine who’s at fault. But medical payments coverage limits can be low, such as $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For more expensive guest injuries, homeowners policies provide at least $100,000 in personal liability coverage. (You can bump up this liability limit and/or add umbrella insurance for extra coverage.) If you’re sued by a guest, liability coverage also pays for your legal defense.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Now, let’s consider Aunt Sally’s drunk driving accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As a social host, you may be responsible for the actions of Sally or any other guest who gets tipsy at your home. That means you can be sued if a drunk guest leaves and causes an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some homeowners insurance policies provide liquor liability coverage (assuming it doesn’t involve liquor served to a minor). But don’t assume yours does. Contact your home insurance agent to confirm; if your policy won’t cover you as a host for liquor liability, you may be able to add a “host liquor” endorsement and ensure you have coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Safety Tips</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Here are some ways to keep your home from becoming a holiday danger zone:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Clear snow and ice from walkways, driveways and stairs before guests arrive.</li><li>Make sure exterior lights are working.</li><li>Apply double-sided tape or use no-slip mats to make sure area rugs are secure and don’t turn into trip-and-fall hazards.</li><li>Remove clutter like toys, laundry and wrapping paper to decrease the odds of a guest slipping or tripping.</li><li>Clean up spills as soon as possible so that a guest doesn’t slip on a slick floor.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Most importantly, don’t allow a visitor who’s visibly intoxicated to get behind the wheel of their car. If you let that visitor drive away, you could be held responsible for a car accident that’s their fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The Insurance Information Institute offers these additional recommendations for steering clear of booze-fueled holiday disasters:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Encourage guests who’ve been drinking to ride home with a designated sober driver. If that’s not possible, arrange for a taxi or rideshare, or invite an inebriated guest to spend the night at your house.</li><li>Serve plenty of food and nonalcoholic beverages to lower the chances of your guests becoming intoxicated.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.forbes.com/advisor/homeowners-insurance/holiday-disasters/\">click here.</a></p>\n<!-- /wp:paragraph -->','Insurance and Safety tips For Holiday Disasters','','inherit','closed','closed','','2852-revision-v1','','','2022-11-29 02:21:50','2022-11-29 02:21:50','',2852,'http://smartinsurance.tips/?p=2854',0,'revision','',0),(2855,1,'2022-11-29 02:25:42','2022-11-29 02:25:42','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2856,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-10.png\" alt=\"\" class=\"wp-image-2856\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s important to prepare your home for winter, but for homeowners in colder climates, that doesn’t necessarily mean just cleaning out the gutters or stocking up on firewood. It also means making sure the home is protected from snow damage. For example, homes that aren’t prepped for winter weather can be damaged by the weight of even a light snowfall. Snow can cover the roof of the home, causing it to collapse, or it can weigh down the siding, causing structural damage. And as the snow melts, the precipitation it leaves behind could cause leaks to develop, rotting wood and other damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But while you can take steps to protect your home from potential snow damage, there is always a chance that your home will still sustain damage from snow during the winter months. And if that happens, will your homeowners insurance cover snow damage? Or will you have to pay out of pocket for repairs? In this article, Bankrate explores how homeowners insurance can help you with those unexpected pitfalls of winter weather. Maybe you have a question about whether or not your policy covers damage from melting snow or if there are any limitations to what’s covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How snow damage may be covered by homeowners insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Snow damage can come in all shapes and sizes, but homeowners insurance coverage can help cover repair costs in many instances. Below are examples of the damage that snow can cause and how a standard homeowners insurance policy usually covers them:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Ice dams:</strong> These can develop when snow builds up near the roof and melts from the heat inside the home, causing it to form a ridge. The problem is that these ridges can cause a roof leak from water backing up and leaking into your home from the top down, which is where ice dams get their name. Ice dam damage to your roof and interior walls are likely covered under your Coverage A, dwelling coverage.</li><li><strong>Broken branches:</strong> Branches can break during high winds or from heavy snow and risk damaging your roof or other parts of your home. Falling objects are considered a covered peril, and your homeowners insurance policy would likely provide coverage if your property were damaged from falling branches. If the branch falls on your car, your auto insurance policy may cover these repair costs if your policy has comprehensive coverage.</li><li><strong>Roof collapses: </strong>Although rare, heavy snow may cause a roof collapse if the roof isn’t strong enough to sustain the weight of snow for extended periods. In rare cases like these, your dwelling coverage would once again likely cover the repairs.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Preventing damage caused by frozen pipes is something else to be prepared for when winter weather arrives. While pipes don’t necessarily freeze from snow per se, cold weather leads to freezing water, even the water within your plumbing. Your homeowners insurance policy should help cover the damage to your plumbing if a frozen pipe were to burst. The best way to prepare yourself for this winter is to understand what’s covered by your homeowners insurance policy so that you have peace of mind throughout the season.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How snow damage is not covered by homeowners insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While your homeowners insurance policy typically covers the damage caused by snow, water damage caused by large pools of water — from melting snow, for example — would be considered flood damage. <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-cover-flooding/\">Flood</a> is a peril that is excluded from a standard homeowners insurance policy. If you want to obtain flood coverage, you will likely need to purchase this coverage through the National Flood Insurance Program (NFIP), or a private insurance company that offers this policy type. While rare, a few private insurers might offer flood coverage as an endorsement on your standard homeowners insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another scenario that will likely not be covered by your homeowners insurance policy is if you leave your window open and melted snow damages your window sill, drywall or floor. Cases like this are considered preventable by the homeowner. Therefore, your property insurer will likely deny this type of claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Frequently asked questions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Does homeowners insurance cover removing snow from my property?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance is there to help financially protect you and your family from costly claims from your home receiving a substantial amount of damage. It does not typically cover any maintenance costs associated with your home, as these expenses are the responsibility of the homeowner. As such, standard homeowners insurance policies generally do not cover the removal of snow and ice from your home, such as removing snow from sidewalks or driveways to prevent pileups. However, if someone were to slip and seriously injure themselves on your property because of ice or snow, then your homeowners insurance policy will likely cover the medical bills related to injuries sustained from the fall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>What are some limitations of my homeowners insurance coverage for snow damage?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are some limitations when it comes to “wear and tear” on your home caused by snow damage. For example, rusting metal roofs caused by repeated exposure to snow is usually not a covered type of loss. If the wood on your porch begins to rot over time due to its repeated exposure to weather conditions, your homeowners insurance won’t likely cover the repair bills.</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-snow-damage/\">click here.</a></p>\n<!-- /wp:paragraph -->','Does homeowners insurance cover snow damage?','','publish','closed','closed','','does-homeowners-insurance-cover-snow-damage','','','2022-11-29 02:25:42','2022-11-29 02:25:42','',0,'http://smartinsurance.tips/?p=2855',0,'post','',0),(2856,1,'2022-11-29 02:22:48','2022-11-29 02:22:48','','Insurance-10','','inherit','closed','closed','','insurance-10-7','','','2022-11-29 02:22:48','2022-11-29 02:22:48','',2855,'http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-10.png',0,'attachment','image/png',0),(2857,1,'2022-11-29 02:25:42','2022-11-29 02:25:42','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2856,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/11/Insurance-10.png\" alt=\"\" class=\"wp-image-2856\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s important to prepare your home for winter, but for homeowners in colder climates, that doesn’t necessarily mean just cleaning out the gutters or stocking up on firewood. It also means making sure the home is protected from snow damage. For example, homes that aren’t prepped for winter weather can be damaged by the weight of even a light snowfall. Snow can cover the roof of the home, causing it to collapse, or it can weigh down the siding, causing structural damage. And as the snow melts, the precipitation it leaves behind could cause leaks to develop, rotting wood and other damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">But while you can take steps to protect your home from potential snow damage, there is always a chance that your home will still sustain damage from snow during the winter months. And if that happens, will your homeowners insurance cover snow damage? Or will you have to pay out of pocket for repairs? In this article, Bankrate explores how homeowners insurance can help you with those unexpected pitfalls of winter weather. Maybe you have a question about whether or not your policy covers damage from melting snow or if there are any limitations to what’s covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How snow damage may be covered by homeowners insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Snow damage can come in all shapes and sizes, but homeowners insurance coverage can help cover repair costs in many instances. Below are examples of the damage that snow can cause and how a standard homeowners insurance policy usually covers them:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li><strong>Ice dams:</strong> These can develop when snow builds up near the roof and melts from the heat inside the home, causing it to form a ridge. The problem is that these ridges can cause a roof leak from water backing up and leaking into your home from the top down, which is where ice dams get their name. Ice dam damage to your roof and interior walls are likely covered under your Coverage A, dwelling coverage.</li><li><strong>Broken branches:</strong> Branches can break during high winds or from heavy snow and risk damaging your roof or other parts of your home. Falling objects are considered a covered peril, and your homeowners insurance policy would likely provide coverage if your property were damaged from falling branches. If the branch falls on your car, your auto insurance policy may cover these repair costs if your policy has comprehensive coverage.</li><li><strong>Roof collapses: </strong>Although rare, heavy snow may cause a roof collapse if the roof isn’t strong enough to sustain the weight of snow for extended periods. In rare cases like these, your dwelling coverage would once again likely cover the repairs.</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Preventing damage caused by frozen pipes is something else to be prepared for when winter weather arrives. While pipes don’t necessarily freeze from snow per se, cold weather leads to freezing water, even the water within your plumbing. Your homeowners insurance policy should help cover the damage to your plumbing if a frozen pipe were to burst. The best way to prepare yourself for this winter is to understand what’s covered by your homeowners insurance policy so that you have peace of mind throughout the season.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How snow damage is not covered by homeowners insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While your homeowners insurance policy typically covers the damage caused by snow, water damage caused by large pools of water — from melting snow, for example — would be considered flood damage. <a href=\"https://www.bankrate.com/insurance/homeowners-insurance/does-homeowners-insurance-cover-flooding/\">Flood</a> is a peril that is excluded from a standard homeowners insurance policy. If you want to obtain flood coverage, you will likely need to purchase this coverage through the National Flood Insurance Program (NFIP), or a private insurance company that offers this policy type. While rare, a few private insurers might offer flood coverage as an endorsement on your standard homeowners insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Another scenario that will likely not be covered by your homeowners insurance policy is if you leave your window open and melted snow damages your window sill, drywall or floor. Cases like this are considered preventable by the homeowner. Therefore, your property insurer will likely deny this type of claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Frequently asked questions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Does homeowners insurance cover removing snow from my property?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Homeowners insurance is there to help financially protect you and your family from costly claims from your home receiving a substantial amount of damage. It does not typically cover any maintenance costs associated with your home, as these expenses are the responsibility of the homeowner. As such, standard homeowners insurance policies generally do not cover the removal of snow and ice from your home, such as removing snow from sidewalks or driveways to prevent pileups. However, if someone were to slip and seriously injure themselves on your property because of ice or snow, then your homeowners insurance policy will likely cover the medical bills related to injuries sustained from the fall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>What are some limitations of my homeowners insurance coverage for snow damage?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are some limitations when it comes to “wear and tear” on your home caused by snow damage. For example, rusting metal roofs caused by repeated exposure to snow is usually not a covered type of loss. If the wood on your porch begins to rot over time due to its repeated exposure to weather conditions, your homeowners insurance won’t likely cover the repair bills.</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-snow-damage/\">click here.</a></p>\n<!-- /wp:paragraph -->','Does homeowners insurance cover snow damage?','','inherit','closed','closed','','2855-revision-v1','','','2022-11-29 02:25:42','2022-11-29 02:25:42','',2855,'http://smartinsurance.tips/?p=2857',0,'revision','',0),(2981,1,'2023-02-27 00:16:55','2023-02-27 00:16:55','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2982,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2023/02/Money-1.png\" alt=\"\" class=\"wp-image-2982\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While inflation is at the highest it’s been since the early 1980s, many people — especially those living paycheck to paycheck — may be struggling to save any money at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Inflation is likely to remain high, with most economists polled in Bankrate’s Second-Quarter Economic Indicator survey predicting inflation will remain as expected or heat up even faster. With consumer prices sky-high, inflation continues to outpace wage growth and savings rates, making it difficult for Americans to find room for saving.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Still, it’s important to save — or avoid spending what savings you have — especially with the potential for a recession. Until the beast of inflation is tamed, there are some strategies you can take to soften its blow on your finances, protect savings and develop better financial health overall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Budget for savings first</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Often it can be easy to spend your income and then run out of money for savings before you’ve even realized it. That’s why it’s important to plan ahead and figure out how much you can comfortably save from each paycheck — then put that amount into savings from the outset.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“If you put that savings first, you can find a way to live within the bounds you set for yourself,” says Sam Lewis, founder and financial planner at SJL Financial in Wilmington, Delaware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The amount you should save depends on a couple of variables, including your total income, household size and what savings goals you have. A common budgeting strategy is the 50/30/20 rule — 50 percent of your income goes to needs, 30 percent to wants and 20 percent to savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, it may not be realistic for many, especially those living paycheck to paycheck, to stow away 20 percent of their income. What’s important is trying to cut down on expenses and outline a plan to contribute some money at the beginning of the month to a savings account, with the goal of not tapping into that savings for daily spending.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are various budgeting apps that can help you stay on track with a savings strategy and help save on time, too. Some of these apps even analyze your income and spending to help you determine how much you’re able to save each month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Set spending priorities, focus on paying down debt</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you’ve set aside a certain portion of your budget to build a decent savings cushion, consider what might be the best way to allocate spending — looking out for where spending could be trimmed. Being more aware of your spending can help to eliminate impulse purchases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“Become more intentional about the amounts within your spending categories,” Lewis says. “What is the best use of your limited resources?”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A good strategy is to prioritize paying down credit card debt or other types of consumer debt. If you get out of debt sooner, you can save more in the long run, by limiting the amount of interest accumulated. Plus, in a rising rate environment, what you’re saving on future debt payments could be more than the rate you’d get from a savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“If you have any credit card or other personal debt, you will most likely get a better return by paying down the debt than putting the money in savings,” says Jay Zigmont, PhD, CFP, founder of Childfree Wealth, a financial planning firm based in Water Valley, Mississippi.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For credit card debt, consider moving your balance to a balance transfer credit card, which may come with an introductory period of no interest charges for a year or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Cut back on energy bills</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Two areas facing the highest rates of inflation are food and energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The high costs of utilities like water and electricity can chip away at potential savings. You can save on energy, especially during the hotter months, with a few simple lifestyle changes. Plus, doing so helps reduce the overall consumption of limited resources and contributes to building a greener nation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The U.S. Department of Energy offers a guide with numerous tips for reducing utility bills. Here are several of those pointers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Save up to 10 percent on heating and cooling by turning the thermostat down seven to 10 degrees Fahrenheit for eight hours a day during the fall and winter, or turning it up during spring and summer.</li><li>If you have access to your water tank, insulating it can save 7 to 16 percent annually in water heating costs.</li><li>Put scraped dishes in the dishwasher instead of hand washing them, and only run the dishwasher when it’s full.</li><li>Cover and wrap foods in the refrigerator to prevent moisture from being released, which can reduce how much energy is needed by the refrigerator’s compressor.</li><li>Use small appliances (such as microwaves and toaster ovens) for small meals, rather than a large stove or oven, which can save on cooling costs during the summer by generating less heat.</li><li>When doing laundry, using warm water instead of hot water can cut the amount of energy used for the load in half.</li><li>Unplug electronics when not in use, or use advanced power strips that prevent the electronics from drawing energy when turned off. Electronics that use up energy when turned off can add 10 percent more to a monthly electric bill.</li><li>Switch to energy-efficient LED lightbulbs; you can save up to $80 in electricity over the course of the lightbulb’s lifetime.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Shop for cheaper alternatives</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">When it comes to high costs, it’s probably apparent that grocery prices have faced some of the biggest price increases. The price of eggs rose by 33.1 percent in June compared to a year ago, with other essentials like butter and milk not far behind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As you shop for groceries or home goods, compare brands and see if there’s a cheaper option. Look for store brand items, which are often significantly cheaper than other brands, and shop for local sellers of produce.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Also consider substituting certain ingredients with other, cheaper alternatives. For example, you could use oil instead of butter for cooking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you get in the habit of comparing prices and choosing cheaper alternatives, “you’re not going to immediately feel the impact, but over time you’ll see it in your savings,” says Lewis of SJL Financial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Consider a side gig</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The reality is that we can’t completely stop ourselves from making purchases that aren’t totally necessary. But it’s possible to offset these costs by putting in a little extra effort to pay for them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“If you are in a cautionary mode about spending and saving, but you still want something that’s unnecessary — you can do that once you earn enough money from a side gig,” Lewis says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some of the ways you can make some extra cash on your own time include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>House-sitting or babysitting</li><li>Dog-walking</li><li>Filling out paid surveys, such as with Survey Junkie</li><li>Reselling your clothes online, such as with Depop or Poshmark</li><li>Teaching English to children in different countries with programs such as VIPKid (you don’t even need to speak another language)</li><li>Freelance writing</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Look for side hustles or gig work that aligns with your interests. Then, you can generate more income while also developing skills in something you’re passionate about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Negotiate for a raise</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’ve been thinking about asking for a raise at work, now is the time to do it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">“When inflation is high, and especially when the labor market is friendly to workers, there tend to be more pay increases,” says Zach Teutsch, a financial advisor and founder of Values Added Financial based in Washington. “This might be a great time to ask for a raise, especially if your team has lost another worker recently.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A pay increase is a great savings opportunity. You can use the extra cash to pay down debt or contribute to an emergency fund.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Plus, you can use the opportunity to demonstrate to a supervisor or employer all of your achievements and contributions to the workplace. Doing so can help you make strides toward advancing in your career and realizing broader career goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Between highly inflated prices on everyday items like groceries and fears of a recession, it’s easy to feel defeated in today’s economy. But now is a good time to develop financial literacy and look for what opportunities might come about.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Certainly, paying down debt is one of the most important things to prioritize with your finances. You can work on paying down debt while committing to putting at least a little bit of money into an emergency savings fund, which can help you stay more financially prepared in the long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can also cushion savings with some extra cash by cutting down on utility bills, picking up a side gig here and there and negotiating for a raise at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/banking/savings/ways-to-protect-your-savings-from-inflation/#raise\">click here.</a></p>\n<!-- /wp:paragraph -->','Consumer prices are soaring. Here are the best ways to protect your savings','','publish','closed','closed','','consumer-prices-are-soaring-here-are-the-best-ways-to-protect-your-savings','','','2023-02-27 00:16:55','2023-02-27 00:16:55','',0,'http://smartinsurance.tips/?p=2981',0,'post','',0),(2861,1,'2022-12-30 01:43:48','2022-12-30 01:43:48','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Comparing the two major finance choices.</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\":2862,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/12/Money-1.png\" alt=\"\" class=\"wp-image-2862\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The choice between buying and leasing a car is often a tough call. On the one hand, buying involves higher monthly costs, but you own an asset—your vehicle—in the end. On the other hand, a lease has lower monthly payments and lets you drive a vehicle that may be more expensive than you could afford to buy, but you get into a cycle in which you never stop paying for the vehicle. With more people choosing a lease over a loan than they did just a few years ago, the boom in leasing isn’t stopping anytime soon.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Buying a vehicle with a conventional car loan is pretty straightforward. You borrow money from a bank, credit union, or other lending institution and make monthly payments for some number of years. A chunk of each payment is put toward paying interest on the loan and the rest is used to pay down the principal. The higher the interest rate, the higher the payment. As you repay the principal, you build equity until—by the end of the loan—the car is all yours. You can keep the car as long as you like and treat it as nicely—or poorly—as you want to. The only penalties for modification or abuse could be repair bills and a lower resale value down the road.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As car prices rise (cresting the $48,000 mark in August 2022), leasing a new vehicle remains an alternative. However, according to Experian, one of the credit reporting agencies, the percentage of all new vehicles that are leased is down in the first quarter of 2022 when compared with both 2020 and 2021.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With a lease, buyers make a monthly payment to drive a new car for a set term. That payment is often less than the monthly cost of financing a new vehicle, but buyers must return the car at the end of the lease term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With more people than ever working from home, the mileage restrictions on a lease may not be a factor for a lot of shoppers. Quite the opposite: Many might find they don’t use the miles they have paid for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The predictability of the payments and ownership costs (no expensive repairs when under warranty!) has its appeal. However, life can be unpredictable, and a lease has less flexibility than a purchase.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To find out whether leasing or buying is right for you, we take a look at the pros and cons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Upside of Leasing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">On the surface, leasing can be more appealing than buying. Monthly payments are usually lower because you’re not paying back any principal. Instead, you’re just borrowing and repaying the difference between the car’s value when new and the car’s residual—its expected value when the lease ends—plus finance charges.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>The Major Advantages of Leasing</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>You drive the car during its most trouble-free years.</li><li>You’re always driving a late-model vehicle that’s usually covered by the manufacturer’s new-car warranty.</li><li>The lease may even include free oil changes and other scheduled maintenance.</li><li>You can drive a higher-priced, better-equipped vehicle than you might otherwise be able to afford.</li><li>Your vehicle will have the latest active safety features.</li><li>You don’t have to worry about fluctuations in the car’s trade-in value or go through the hassle of selling it when it’s time to move on.</li><li>There could be significant tax advantages for business owners.</li><li>At the end you just drop off the car at the dealer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Disadvantages to Leasing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As attractive as a lease may appear, there are a number of disadvantages:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• In the end, leasing usually costs you more than an equivalent loan because you’re paying for the car during the time when it is most rapidly depreciating.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• If you lease one car after another, monthly payments go on forever. By contrast, the longer you keep a vehicle after the loan is paid off, the more value you get out of it. Over the long term, the cheapest way to drive is to buy a car and keep it until it’s uneconomical to repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• Lease contracts specify a limited number of miles. If you go over that limit, you’ll have to pay an excess mileage penalty. That can range from 10 cents to as much as 50 cents for every additional mile. So be sure to calculate how much you plan to drive. You don’t get a credit for unused miles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• If you don’t maintain the vehicle in good condition, you’ll have to pay excess wear-and-tear charges when you turn it in. So if your kids are apt to go wild with Magic Markers or you’re a magnet for parking lot dents and dings, be prepared to pay extra.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• If you decide that you don’t like the car or if you can’t afford the payments, it might cost you. You will probably be stuck with thousands of dollars in early termination fees and penalties if you get out of a lease early—and they’ll all be due at once. Those charges could equal the amount of the lease for its entire term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• With a few exceptions, such as professional window tinting, you need to bring the car back in “as it left the showroom” condition, minus usual wear and tear, and configured like it was when you leased it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• You’re still on the hook for expendable items such as tires, which can be more expensive to replace on a better-equipped vehicle with premium wheels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• You may have to pay a fee when you turn in the vehicle at the end of the lease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">An Alternative to Long Car Loans</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some car buyers opt for longer-term car loans of six to eight years to get a lower monthly payment. But long loans can be risky, and these buyers might find leasing to be a better option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Longer loans make it easy to get “upside down”—when you owe more than the vehicle is worth—and stay that way for a long time. If you need to get rid of the car early on or if it’s destroyed or stolen, the trade-in, resale, or insurance value is likely to be less than you still owe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Buying a car with a loan isn’t the way to go if you want to drive a new car every couple of years. Taking out long-term loans and trading in early will leave you paying so much in finance charges compared with principal that you’d be better off leasing. If you can’t pay off the difference on an upside-down loan, you can often roll the amount you still owe into a new loan. But then you end up financing both the new car and the remainder of your old car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your goal is to have low monthly payments and drive a new vehicle every few years with little hassle, then leasing may be worth the additional cost. Be sure, however, that you can live with all of the limitations on mileage, wear and tear, and the like.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Difficult Comparison Between Cars Loans and Leases</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s difficult to make a fair head-to-head comparison between, say, a six-year loan and the standard three-year lease. At the point the lease ends, the bank borrower still has three years of payments to go, but the lessee has to look for another car—or perhaps take the lease’s buyout offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A lease can also be subsidized, or “subvented.” The automaker either takes money off the top with an extra rebate just for lease deals, or it can raise the residual, or both.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An automaker may also kick in extra rebates on a lease deal, ones not available to a loan customer. In addition, the “money factor” (interest rate) on a lease may be different from the interest rate offered on a loan, making an apples-to-apples comparison almost impossible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In general, two back-to-back three-year leases will cost thousands more compared with buying a car (with a loan or with cash) and owning it over that same six-year period. And the savings increase for car buyers if they continue to hold on to the car, say, for another three years for nine years total, even factoring expected maintenance and repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If a lease’s limitations put you off, consider buying a less-expensive new car or a well-maintained used car, such as a certified pre-owned vehicle from a franchised dealer, or getting a longer loan term. Whether you get your new car with cash, a loan, or a lease, you can save by choosing one that holds its value well, stays reliable, and gets good fuel economy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For savings up front and over the long haul, buy used. And pay cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Don’t Forget to Negotiate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many people assume that the monthly payment printed in a leasing ad is etched in stone. But that figure may be based on the manufacturer’s suggested retail price, which can be negotiated downward just as if you were buying the vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Be aware, though, that the best lease deals are available only to those with superb credit, and that they may only be cheap because the automaker is trying to clear the decks of slow-selling cars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Car Loans and Leases Differ?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Below are some of the major differences between buying and leasing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td>Buying</td><td>Leasing</td></tr><tr><td><strong>Ownership</strong></td><td>You own the vehicle and get to keep it as long as you want it.</td><td>You don’t own the vehicle. You get to use it but must return it at the end of the lease unless you decide to buy it.</td></tr><tr><td><strong>Up-Front Costs</strong></td><td>They include the cash price or a down payment, taxes, registration, and other fees.</td><td>They can include the first month’s payment, a refundable security deposit, an acquisition fee, a down payment, taxes, registration, and other fees.</td></tr><tr><td><strong>Monthly Payments</strong></td><td>Loan payments are usually higher than lease payments because you’re paying off the entire purchase price of the vehicle, plus interest and other finance charges, taxes, and fees.</td><td>Lease payments are almost always lower than loan payments because you’re paying only for the vehicle’s depreciation during the lease term, plus interest charges (called rent charges), taxes, and fees.</td></tr><tr><td><strong>Early Termination</strong></td><td>You can sell or trade in your vehicle at any time. If necessary, money from the sale can be used to pay off any loan balance.</td><td>If you end the lease early, charges can be as costly as sticking with the contract. On occasion a dealer may buy the car from the leasing company as a trade-in, letting you off the hook.</td></tr><tr><td><strong>Vehicle Return</strong></td><td>You’ll have to deal with selling or trading in your car when you decide you want a different one.</td><td>You return the vehicle at lease-end, pay any end-of-lease costs, and walk away.</td></tr><tr><td><strong>Future Value</strong></td><td>The vehicle will depreciate, but its cash value is yours to use as you like.</td><td>On the plus side, its future value doesn’t affect you financially. On the negative side, you don’t have any equity in the vehicle.</td></tr><tr><td><strong>Mileage</strong></td><td>You’re free to drive as many miles as you want. But keep in mind that higher mileage lowers the vehicle’s trade-in or resale value.</td><td>Most leases limit the number of miles you may drive, often 10,000 to 12,000 per year. (You can negotiate a higher mileage limit.) You’ll have to pay charges for exceeding your limits.</td></tr><tr><td><strong>Excessive Wear and Tear</strong></td><td>You don’t have to worry about wear and tear, but it could lower the vehicle’s trade-in or resale value.</td><td>Most leases hold you responsible. You’ll have to pay extra charges for exceeding what is considered normal wear and tear.</td></tr><tr><td><strong>End of Term</strong></td><td>At the end of the loan term, you have no further payments and you have built equity to help pay for your next vehicle.</td><td>At the end of the lease (usually two to three years), you can finance the purchase of the car, or lease or buy another.</td></tr><tr><td><strong>Customizing</strong></td><td>The vehicle is yours to modify or customize as you like, although doing so may void your warranty.</td><td>Because you must return the vehicle in salable condition, any modifications or custom parts you add have to be removed. If there is any residual damage, you’ll have to pay to have it fixed or you’ll need to file an insurance claim and pay a deductible.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\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/buying-a-car/leasing-vs-buying-a-new-car-a9135602164/\">click here.</a></p>\n<!-- /wp:paragraph -->','Leasing vs. Buying a New Car','','publish','closed','closed','','leasing-vs-buying-a-new-car','','','2022-12-30 01:43:48','2022-12-30 01:43:48','',0,'http://smartinsurance.tips/?p=2861',0,'post','',0),(2862,1,'2022-12-30 01:37:01','2022-12-30 01:37:01','','Money-1','','inherit','closed','closed','','money-1-8','','','2022-12-30 01:37:01','2022-12-30 01:37:01','',2861,'http://smartinsurance.tips/wp-content/uploads/2022/12/Money-1.png',0,'attachment','image/png',0),(2863,1,'2022-12-30 01:43:48','2022-12-30 01:43:48','<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Comparing the two major finance choices.</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\":2862,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/12/Money-1.png\" alt=\"\" class=\"wp-image-2862\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The choice between buying and leasing a car is often a tough call. On the one hand, buying involves higher monthly costs, but you own an asset—your vehicle—in the end. On the other hand, a lease has lower monthly payments and lets you drive a vehicle that may be more expensive than you could afford to buy, but you get into a cycle in which you never stop paying for the vehicle. With more people choosing a lease over a loan than they did just a few years ago, the boom in leasing isn’t stopping anytime soon.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Buying a vehicle with a conventional car loan is pretty straightforward. You borrow money from a bank, credit union, or other lending institution and make monthly payments for some number of years. A chunk of each payment is put toward paying interest on the loan and the rest is used to pay down the principal. The higher the interest rate, the higher the payment. As you repay the principal, you build equity until—by the end of the loan—the car is all yours. You can keep the car as long as you like and treat it as nicely—or poorly—as you want to. The only penalties for modification or abuse could be repair bills and a lower resale value down the road.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As car prices rise (cresting the $48,000 mark in August 2022), leasing a new vehicle remains an alternative. However, according to Experian, one of the credit reporting agencies, the percentage of all new vehicles that are leased is down in the first quarter of 2022 when compared with both 2020 and 2021.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With a lease, buyers make a monthly payment to drive a new car for a set term. That payment is often less than the monthly cost of financing a new vehicle, but buyers must return the car at the end of the lease term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">With more people than ever working from home, the mileage restrictions on a lease may not be a factor for a lot of shoppers. Quite the opposite: Many might find they don’t use the miles they have paid for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">The predictability of the payments and ownership costs (no expensive repairs when under warranty!) has its appeal. However, life can be unpredictable, and a lease has less flexibility than a purchase.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">To find out whether leasing or buying is right for you, we take a look at the pros and cons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">The Upside of Leasing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">On the surface, leasing can be more appealing than buying. Monthly payments are usually lower because you’re not paying back any principal. Instead, you’re just borrowing and repaying the difference between the car’s value when new and the car’s residual—its expected value when the lease ends—plus finance charges.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><strong>The Major Advantages of Leasing</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>You drive the car during its most trouble-free years.</li><li>You’re always driving a late-model vehicle that’s usually covered by the manufacturer’s new-car warranty.</li><li>The lease may even include free oil changes and other scheduled maintenance.</li><li>You can drive a higher-priced, better-equipped vehicle than you might otherwise be able to afford.</li><li>Your vehicle will have the latest active safety features.</li><li>You don’t have to worry about fluctuations in the car’s trade-in value or go through the hassle of selling it when it’s time to move on.</li><li>There could be significant tax advantages for business owners.</li><li>At the end you just drop off the car at the dealer.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Disadvantages to Leasing</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">As attractive as a lease may appear, there are a number of disadvantages:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• In the end, leasing usually costs you more than an equivalent loan because you’re paying for the car during the time when it is most rapidly depreciating.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• If you lease one car after another, monthly payments go on forever. By contrast, the longer you keep a vehicle after the loan is paid off, the more value you get out of it. Over the long term, the cheapest way to drive is to buy a car and keep it until it’s uneconomical to repair.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• Lease contracts specify a limited number of miles. If you go over that limit, you’ll have to pay an excess mileage penalty. That can range from 10 cents to as much as 50 cents for every additional mile. So be sure to calculate how much you plan to drive. You don’t get a credit for unused miles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• If you don’t maintain the vehicle in good condition, you’ll have to pay excess wear-and-tear charges when you turn it in. So if your kids are apt to go wild with Magic Markers or you’re a magnet for parking lot dents and dings, be prepared to pay extra.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• If you decide that you don’t like the car or if you can’t afford the payments, it might cost you. You will probably be stuck with thousands of dollars in early termination fees and penalties if you get out of a lease early—and they’ll all be due at once. Those charges could equal the amount of the lease for its entire term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• With a few exceptions, such as professional window tinting, you need to bring the car back in “as it left the showroom” condition, minus usual wear and tear, and configured like it was when you leased it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• You’re still on the hook for expendable items such as tires, which can be more expensive to replace on a better-equipped vehicle with premium wheels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">• You may have to pay a fee when you turn in the vehicle at the end of the lease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">An Alternative to Long Car Loans</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Some car buyers opt for longer-term car loans of six to eight years to get a lower monthly payment. But long loans can be risky, and these buyers might find leasing to be a better option.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Longer loans make it easy to get “upside down”—when you owe more than the vehicle is worth—and stay that way for a long time. If you need to get rid of the car early on or if it’s destroyed or stolen, the trade-in, resale, or insurance value is likely to be less than you still owe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Buying a car with a loan isn’t the way to go if you want to drive a new car every couple of years. Taking out long-term loans and trading in early will leave you paying so much in finance charges compared with principal that you’d be better off leasing. If you can’t pay off the difference on an upside-down loan, you can often roll the amount you still owe into a new loan. But then you end up financing both the new car and the remainder of your old car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If your goal is to have low monthly payments and drive a new vehicle every few years with little hassle, then leasing may be worth the additional cost. Be sure, however, that you can live with all of the limitations on mileage, wear and tear, and the like.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Difficult Comparison Between Cars Loans and Leases</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s difficult to make a fair head-to-head comparison between, say, a six-year loan and the standard three-year lease. At the point the lease ends, the bank borrower still has three years of payments to go, but the lessee has to look for another car—or perhaps take the lease’s buyout offer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A lease can also be subsidized, or “subvented.” The automaker either takes money off the top with an extra rebate just for lease deals, or it can raise the residual, or both.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An automaker may also kick in extra rebates on a lease deal, ones not available to a loan customer. In addition, the “money factor” (interest rate) on a lease may be different from the interest rate offered on a loan, making an apples-to-apples comparison almost impossible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">In general, two back-to-back three-year leases will cost thousands more compared with buying a car (with a loan or with cash) and owning it over that same six-year period. And the savings increase for car buyers if they continue to hold on to the car, say, for another three years for nine years total, even factoring expected maintenance and repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If a lease’s limitations put you off, consider buying a less-expensive new car or a well-maintained used car, such as a certified pre-owned vehicle from a franchised dealer, or getting a longer loan term. Whether you get your new car with cash, a loan, or a lease, you can save by choosing one that holds its value well, stays reliable, and gets good fuel economy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For savings up front and over the long haul, buy used. And pay cash.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">Don’t Forget to Negotiate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Many people assume that the monthly payment printed in a leasing ad is etched in stone. But that figure may be based on the manufacturer’s suggested retail price, which can be negotiated downward just as if you were buying the vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Be aware, though, that the best lease deals are available only to those with superb credit, and that they may only be cheap because the automaker is trying to clear the decks of slow-selling cars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">How Car Loans and Leases Differ?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Below are some of the major differences between buying and leasing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td>Buying</td><td>Leasing</td></tr><tr><td><strong>Ownership</strong></td><td>You own the vehicle and get to keep it as long as you want it.</td><td>You don’t own the vehicle. You get to use it but must return it at the end of the lease unless you decide to buy it.</td></tr><tr><td><strong>Up-Front Costs</strong></td><td>They include the cash price or a down payment, taxes, registration, and other fees.</td><td>They can include the first month’s payment, a refundable security deposit, an acquisition fee, a down payment, taxes, registration, and other fees.</td></tr><tr><td><strong>Monthly Payments</strong></td><td>Loan payments are usually higher than lease payments because you’re paying off the entire purchase price of the vehicle, plus interest and other finance charges, taxes, and fees.</td><td>Lease payments are almost always lower than loan payments because you’re paying only for the vehicle’s depreciation during the lease term, plus interest charges (called rent charges), taxes, and fees.</td></tr><tr><td><strong>Early Termination</strong></td><td>You can sell or trade in your vehicle at any time. If necessary, money from the sale can be used to pay off any loan balance.</td><td>If you end the lease early, charges can be as costly as sticking with the contract. On occasion a dealer may buy the car from the leasing company as a trade-in, letting you off the hook.</td></tr><tr><td><strong>Vehicle Return</strong></td><td>You’ll have to deal with selling or trading in your car when you decide you want a different one.</td><td>You return the vehicle at lease-end, pay any end-of-lease costs, and walk away.</td></tr><tr><td><strong>Future Value</strong></td><td>The vehicle will depreciate, but its cash value is yours to use as you like.</td><td>On the plus side, its future value doesn’t affect you financially. On the negative side, you don’t have any equity in the vehicle.</td></tr><tr><td><strong>Mileage</strong></td><td>You’re free to drive as many miles as you want. But keep in mind that higher mileage lowers the vehicle’s trade-in or resale value.</td><td>Most leases limit the number of miles you may drive, often 10,000 to 12,000 per year. (You can negotiate a higher mileage limit.) You’ll have to pay charges for exceeding your limits.</td></tr><tr><td><strong>Excessive Wear and Tear</strong></td><td>You don’t have to worry about wear and tear, but it could lower the vehicle’s trade-in or resale value.</td><td>Most leases hold you responsible. You’ll have to pay extra charges for exceeding what is considered normal wear and tear.</td></tr><tr><td><strong>End of Term</strong></td><td>At the end of the loan term, you have no further payments and you have built equity to help pay for your next vehicle.</td><td>At the end of the lease (usually two to three years), you can finance the purchase of the car, or lease or buy another.</td></tr><tr><td><strong>Customizing</strong></td><td>The vehicle is yours to modify or customize as you like, although doing so may void your warranty.</td><td>Because you must return the vehicle in salable condition, any modifications or custom parts you add have to be removed. If there is any residual damage, you’ll have to pay to have it fixed or you’ll need to file an insurance claim and pay a deductible.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\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/buying-a-car/leasing-vs-buying-a-new-car-a9135602164/\">click here.</a></p>\n<!-- /wp:paragraph -->','Leasing vs. Buying a New Car','','inherit','closed','closed','','2861-revision-v1','','','2022-12-30 01:43:48','2022-12-30 01:43:48','',2861,'http://smartinsurance.tips/?p=2863',0,'revision','',0),(2864,1,'2022-12-30 04:48:25','2022-12-30 04:48:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2865,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/12/Money-2.png\" alt=\"\" class=\"wp-image-2865\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">New year, new financial goals: If you’re starting off the new year with a list of resolutions, consider adding some financial to-dos, such as improving your credit score and making a plan to pay off your credit card debt once and for all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Nearly half (49%) of Americans want to save more money, a third (33%) want to improve their credit score and another third (31%) plan on creating a personal budget, according to an Experian poll on the top financial resolutions for the new year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Determining your goals is a great starting point to improving your finances, and the next step is to take action. Below, CNBC Select shares some of the most popular financial New Year’s resolutions and offers advice on how you can achieve them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>10 financial New Year’s resolutions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li>Save more</li><li>Improve my credit score</li><li>Create a personal budget</li><li>Pay off a credit card entirely</li><li>Pay my credit card debt on time</li><li>Pay my full credit card balance each month</li><li>Not open any more credit cards</li><li>Check my credit score more often</li><li>Check my credit report more often</li><li>Sign up for a credit monitoring or identity theft protection product</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Save more</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Unsurprisingly, the top financial resolution is to save more money. There are nearly countless ways to go about this — you can increase your 401(k) contributions, set up automatic transfers to a high-yield savings account and cut back on unnecessary spending, especially during holiday shopping season. Many of the top high-yield savings accounts are currently offering APYs of 3% or more, including LendingClub High-Yield Savings and UFB Best Savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can also use a credit card to your advantage. Many of the best cards offer competitive rewards and statement credits that can earn you cash back, points or miles that can be used to offset purchases. For example, the American Express® Gold Card offers an annual $120 dining credit ($10 statement credit a month) at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Terms apply. Enrollment is required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Improve my credit score</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have a less-than-stellar credit (scores below 670), make it a priority to raise it in 2023. You can improve your credit score in several ways, including paying your bills on time and in full (which may include setting up autopay), paying off debt, limiting how many new accounts you open and cutting back on spending. You may also want to consider signing up for *Experian Boost®, which is a free service that lets you get credit for paying utility, cell phone, streaming and other eligible bills on time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Create a personal budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For some, a budget can feel constricting, but tracking your spending can be a helpful tool to help you understand where your money goes each month. A clear budget can help you set guidelines for what you can afford to spend and help you identify areas where you could cut back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Start by writing down all your fixed expenses, such as rent/mortgage, cell phone, groceries and savings, or by downloading a budgeting app. Then you can see how much money you have left over for flexible expenses, such as restaurants, clothing and entertainment costs. Looking at your credit card statement can be an easy way to see all your purchases in one place. And most cards give you an opportunity to review your total annual spending by category, which is very helpful when you’re setting up a budget for the new year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Pay off a credit card entirely</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re struggling with credit card debt, you’re not alone. In fact, about 95% of Americans have a credit card and cardholders carry an average balance of $5,221, according to Experian. So it’s not surprising that so many people are looking to pay off credit card debt in the new year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have credit card debt, consider consolidating it on a balance transfer credit card, which offers no interest for up to 21 months. The Citi Simplicity® Card, for example, has a 0% intro APR for 21 months on balance transfers from date of first transfer and 0% intro APR for 12 months on purchases from date of account opening (after, 18.24% - 28.99% variable APR). Balance transfers must be completed within four months of account opening. You’ll pay an introductory balance transfer fee of 3% ($5 minimum) for transfers completed within the first 4 months of account opening, then up to 5% ($5 minimum).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Pay my credit card debt on time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While balance transfers can help you get out of debt, you get the most benefit if you pay off your balance before the intro period ends. Before you make a balance transfer, take time to familiarize yourself with the terms associated with your offer. That includes the expiration date of the interest-free period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you know when your intro 0% APR period ends, create a plan to make significant payments toward your debt throughout the intro period so you’re on track to be debt free by the time it ends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Pay my full credit card balance each month</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Payment history is the most important factor of your credit score, which makes it essential to pay your balance on time and in full every month. Paying your whole balance not only helps improve your credit by reducing your utilization rate (the amount of credit you’re using compared to the amount of credit you have available), but it also reduces interest charges or fees that may result from carrying debt from month to month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may not always be able to pay in full each month, so you should at least make your minimum payment on time. This helps you avoid late fees (which can be up to $40) and penalty interest rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>7. Not open any more credit cards</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While there’s no one-size-fits-all answer to how many credit cards you should have, the average American has four. That doesn’t mean one card is too few or six cards is too many. It all depends on how many credit cards you can manage responsibly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, it’s important to note that every time you apply for a credit card — whether you’re approved or denied — the card issuer pulls your credit report. These inquiries can negatively affect your credit score, but it will bounce back over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Check my credit score more often</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are numerous resources that allow you to check your credit score for free, such as Chase’s Credit Journey <em>(no Chase account required</em>), CreditWise from Capital One <em>(no Capital One account required)</em> and Discover’s Credit Scorecard (<em>only</em> <em>available to Discover cardholders</em>). You can receive an updated credit score every month and see the factors that influence your score. Some sites may even have a simulator that shows you the potential effect of certain actions, like missing a payment or paying off debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">9. Check my credit report more often</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s important to regularly check your credit report so you can spot fraud early and ensure the correct information is reported to the credit bureaus — Experian, Equifax and TransUnion. There are many resources available so you can get a free credit report as often as once a month, such as CreditWise from Capital One and Experian.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can also access one free credit report from each of the main credit bureaus at annualcreditreport.com, which is authorized by federal law.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">10. Sign up for a credit monitoring or identity theft protection product</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Credit monitoring and identity theft protection can help alert you of possible fraud, but many come with monthly costs. If you don’t want to pay for credit monitoring services, there are free services available, such as CreditWise from Capital One. CreditWise tracks your social security number and scans the dark web for your personal information, then sends automatic alerts. Another option is to frequently check your credit score and monitor your credit report monthly for any suspicious information.</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.cnbc.com/select/financial-new-years-resolutions/\">click here.</a></p>\n<!-- /wp:paragraph -->','10 financial New Year’s resolutions to set now and achieve in the new year','','publish','closed','closed','','10-financial-new-years-resolutions-to-set-now-and-achieve-in-the-new-year','','','2022-12-30 04:48:25','2022-12-30 04:48:25','',0,'http://smartinsurance.tips/?p=2864',0,'post','',0),(2865,1,'2022-12-30 04:40:49','2022-12-30 04:40:49','','Money-2','','inherit','closed','closed','','money-2-9','','','2022-12-30 04:40:49','2022-12-30 04:40:49','',2864,'http://smartinsurance.tips/wp-content/uploads/2022/12/Money-2.png',0,'attachment','image/png',0),(2866,1,'2022-12-30 04:48:25','2022-12-30 04:48:25','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2865,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/12/Money-2.png\" alt=\"\" class=\"wp-image-2865\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">New year, new financial goals: If you’re starting off the new year with a list of resolutions, consider adding some financial to-dos, such as improving your credit score and making a plan to pay off your credit card debt once and for all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Nearly half (49%) of Americans want to save more money, a third (33%) want to improve their credit score and another third (31%) plan on creating a personal budget, according to an Experian poll on the top financial resolutions for the new year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Determining your goals is a great starting point to improving your finances, and the next step is to take action. Below, CNBC Select shares some of the most popular financial New Year’s resolutions and offers advice on how you can achieve them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>10 financial New Year’s resolutions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"ordered\":true,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ol class=\"has-black-color has-text-color has-large-font-size\"><li>Save more</li><li>Improve my credit score</li><li>Create a personal budget</li><li>Pay off a credit card entirely</li><li>Pay my credit card debt on time</li><li>Pay my full credit card balance each month</li><li>Not open any more credit cards</li><li>Check my credit score more often</li><li>Check my credit report more often</li><li>Sign up for a credit monitoring or identity theft protection product</li></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">1. Save more</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Unsurprisingly, the top financial resolution is to save more money. There are nearly countless ways to go about this — you can increase your 401(k) contributions, set up automatic transfers to a high-yield savings account and cut back on unnecessary spending, especially during holiday shopping season. Many of the top high-yield savings accounts are currently offering APYs of 3% or more, including LendingClub High-Yield Savings and UFB Best Savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can also use a credit card to your advantage. Many of the best cards offer competitive rewards and statement credits that can earn you cash back, points or miles that can be used to offset purchases. For example, the American Express® Gold Card offers an annual $120 dining credit ($10 statement credit a month) at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Terms apply. Enrollment is required.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">2. Improve my credit score</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have a less-than-stellar credit (scores below 670), make it a priority to raise it in 2023. You can improve your credit score in several ways, including paying your bills on time and in full (which may include setting up autopay), paying off debt, limiting how many new accounts you open and cutting back on spending. You may also want to consider signing up for *Experian Boost®, which is a free service that lets you get credit for paying utility, cell phone, streaming and other eligible bills on time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">3. Create a personal budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">For some, a budget can feel constricting, but tracking your spending can be a helpful tool to help you understand where your money goes each month. A clear budget can help you set guidelines for what you can afford to spend and help you identify areas where you could cut back.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Start by writing down all your fixed expenses, such as rent/mortgage, cell phone, groceries and savings, or by downloading a budgeting app. Then you can see how much money you have left over for flexible expenses, such as restaurants, clothing and entertainment costs. Looking at your credit card statement can be an easy way to see all your purchases in one place. And most cards give you an opportunity to review your total annual spending by category, which is very helpful when you’re setting up a budget for the new year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">4. Pay off a credit card entirely</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you’re struggling with credit card debt, you’re not alone. In fact, about 95% of Americans have a credit card and cardholders carry an average balance of $5,221, according to Experian. So it’s not surprising that so many people are looking to pay off credit card debt in the new year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">If you have credit card debt, consider consolidating it on a balance transfer credit card, which offers no interest for up to 21 months. The Citi Simplicity® Card, for example, has a 0% intro APR for 21 months on balance transfers from date of first transfer and 0% intro APR for 12 months on purchases from date of account opening (after, 18.24% - 28.99% variable APR). Balance transfers must be completed within four months of account opening. You’ll pay an introductory balance transfer fee of 3% ($5 minimum) for transfers completed within the first 4 months of account opening, then up to 5% ($5 minimum).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">5. Pay my credit card debt on time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While balance transfers can help you get out of debt, you get the most benefit if you pay off your balance before the intro period ends. Before you make a balance transfer, take time to familiarize yourself with the terms associated with your offer. That includes the expiration date of the interest-free period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Once you know when your intro 0% APR period ends, create a plan to make significant payments toward your debt throughout the intro period so you’re on track to be debt free by the time it ends.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">6. Pay my full credit card balance each month</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Payment history is the most important factor of your credit score, which makes it essential to pay your balance on time and in full every month. Paying your whole balance not only helps improve your credit by reducing your utilization rate (the amount of credit you’re using compared to the amount of credit you have available), but it also reduces interest charges or fees that may result from carrying debt from month to month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You may not always be able to pay in full each month, so you should at least make your minimum payment on time. This helps you avoid late fees (which can be up to $40) and penalty interest rates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\"><a></a>7. Not open any more credit cards</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">While there’s no one-size-fits-all answer to how many credit cards you should have, the average American has four. That doesn’t mean one card is too few or six cards is too many. It all depends on how many credit cards you can manage responsibly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">However, it’s important to note that every time you apply for a credit card — whether you’re approved or denied — the card issuer pulls your credit report. These inquiries can negatively affect your credit score, but it will bounce back over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">8. Check my credit score more often</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There are numerous resources that allow you to check your credit score for free, such as Chase’s Credit Journey <em>(no Chase account required</em>), CreditWise from Capital One <em>(no Capital One account required)</em> and Discover’s Credit Scorecard (<em>only</em> <em>available to Discover cardholders</em>). You can receive an updated credit score every month and see the factors that influence your score. Some sites may even have a simulator that shows you the potential effect of certain actions, like missing a payment or paying off debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">9. Check my credit report more often</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">It’s important to regularly check your credit report so you can spot fraud early and ensure the correct information is reported to the credit bureaus — Experian, Equifax and TransUnion. There are many resources available so you can get a free credit report as often as once a month, such as CreditWise from Capital One and Experian.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">You can also access one free credit report from each of the main credit bureaus at annualcreditreport.com, which is authorized by federal law.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\">10. Sign up for a credit monitoring or identity theft protection product</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Credit monitoring and identity theft protection can help alert you of possible fraud, but many come with monthly costs. If you don’t want to pay for credit monitoring services, there are free services available, such as CreditWise from Capital One. CreditWise tracks your social security number and scans the dark web for your personal information, then sends automatic alerts. Another option is to frequently check your credit score and monitor your credit report monthly for any suspicious information.</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.cnbc.com/select/financial-new-years-resolutions/\">click here.</a></p>\n<!-- /wp:paragraph -->','10 financial New Year’s resolutions to set now and achieve in the new year','','inherit','closed','closed','','2864-revision-v1','','','2022-12-30 04:48:25','2022-12-30 04:48:25','',2864,'http://smartinsurance.tips/?p=2866',0,'revision','',0),(2867,1,'2022-12-30 04:56:12','2022-12-30 04:56:12','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":2868,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http://smartinsurance.tips/wp-content/uploads/2022/12/Money-3.png\" alt=\"\" class=\"wp-image-2868\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\"><em>Saving money doesn\'t have to be a hardship.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<h3 class=\"has-black-color has-text-color has-large-font-size\"><strong>Key points</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<ul class=\"has-black-color has-text-color has-large-font-size\"><li>Technology is your friend when it comes to saving money: There are apps that get you cash back and others to find restaurant bargains.</li><li>You could cut your electricity bill by 20% by switching off \"vampire devices\" at the plug.</li><li>Trimming down on subscriptions you\'re not using and implementing a no-spend day can mean more money in your pocket.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Whether it\'s the cost of groceries or the price you pay at the pump, we\'re all feeling the pinch of rising prices. There are lots of ways to counter the pressure on your wallet, but the trick is to find the ones that fit into your life. Drastic money saving is like drastic dieting -- if you go all in, you\'re unlikely to be able to keep it going long term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">These 10 life hacks all offer more sustainable ways to save money. How many can you adopt this month?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"1.-use-apps-for-low-cost-eating-out\">1. Use apps for low-cost eating out</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Sure, eating at home is cheaper than dining out. But if you\'re going to enjoy the occasional restaurant meal, why not use an app to reduce the cost? Use apps like BigDish, Groupon, and Hooked to find deals in restaurants near you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"2.-switch-off-\'vampire-devices\'\">2. Switch off \'vampire devices\'</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">\"Vampire devices\" are appliances that are connected to the power and consume electricity even when they\'re not in use. For example, your TV pushes your electricity bill up even when it\'s in standby mode, as does your phone charger if it\'s plugged in and not charging anything. A 2015 study by the Natural Resources Defense Council showed that you could cut your power bill by 20% or more by switching everything off at the plug at night. Appliances have come a long way in the past seven years, but there\'s still money to be saved.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"3.-drive-slower\">3. Drive slower</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Fuel prices are surging, but you can cut your gas costs by cutting your speed. According to the Department of Energy, every 5 mph you drive over 50 mph is like paying $0.18 more per gallon of gas -- depending on the type of car you drive. Don\'t go too slowly though, driving below 50 mph can also use more fuel. It\'s also worth keeping on top of car maintenance and pumping up your tires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"4.-have-a-no-spend-day\">4. Have a no-spend day</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">A no-spend day is a day where you don\'t spend cash on non-essentials. For example, you might take a packed lunch to work, skip the take-out coffee, and avoid doing any kind of shopping at all. Think of it as a spending detox. See it as a challenge and ask friends or family to join in -- you might make it a monthly or even weekly event.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"5.-use-cash-back-apps\">5. Use cash back apps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Check out our list of the best cash back apps to see ways to earn rewards on your everyday purchases. From grocery shopping to restaurant and hotel stays, you can get money back on all kinds of spending. Combine them with a cash back credit card to maximize your rewards.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"6.-buy-store-brand-products\">6. Buy store-brand products</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">There\'s often very little difference in quality between store-brand products and their big-brand equivalents. But studies show you can save 40% or more by skipping the big names. Look at the labels to see if the ingredients are the same, and don\'t be afraid of a bit of trial and error. It might be that some own-brand food or cosmetic items are indistinguishable, while others just don\'t taste or smell as good.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"7.-review-your-subscriptions\">7. Review your subscriptions</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Monthly, quarterly, or annual subscriptions can sneak into your spending and quickly add up. For example, during the pandemic lockdowns, I signed up for several streaming services that I barely use now that life\'s more normal. Try to review them once every couple of months to weed out any you aren\'t using. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"8.-buy-pre-loved-items\">8. Buy pre-loved items</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Check out your local thrift store for a host of clothes, furniture, toys, and other items. It\'s a great way to save money as you can often pick up designer brands at a fraction of the cost. You can also shop online for second hand deals, helping the environment and your wallet in one fell swoop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"9.-search-for-free-activities\">9. Search for free activities</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">After being cooped up so long during lockdowns, there\'s a big temptation to make up for lost time and splurge on entertainment. But you don\'t have to spend money to have fun. Look for free concerts or festivals in your local area, and make a point of supporting low-cost community activities. Many museums offer free admission on certain days, and it doesn\'t cost anything to visit local parks or libraries.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"10.-check-your-freezer-temperature\">10. Check your freezer temperature</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">An easy way to reduce food waste is to ensure you\'re keeping it at the right temperature. Your freezer should be at 0° F (-18° C) and your fridge should be at or below 40° F (4° C). You can often cut your grocery bill by buying frozen produce rather than fresh, and freezing leftovers saves time and means less waste. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"textColor\":\"black\",\"fontSize\":\"extra-large\"} -->\n<h2 class=\"has-black-color has-text-color has-extra-large-font-size\" id=\"bottom-line\">Bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"textColor\":\"black\",\"fontSize\":\"large\"} -->\n<p class=\"has-black-color has-text-color has-large-font-size\">Saving money doesn\'t have to involve scrimping and making huge sacrifices. Incorporating a few of these hacks into your daily life could make a visible difference to your bottom line. Ultimately, every dollar you save is a dollar more in your bank account, and a dollar closer to meeting your financial goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.fool.com/the-ascent/personal-finance/articles/these-10-simple-life-hacks-can-save-you-money/\">click here.</a></p>\n<!-- /wp:paragraph -->','These 10 Simple Life Hacks Can Save You Money','','publish','closed','closed','','these-10-simple-life-hacks-can-save-you-money','','','2022-12-30 04:56:12','2022-12-30 04:56:12','',0,'http://smartinsurance.tips/?p=2867',0,'post','',0),(2868,1,'2022-12-30 04:49:20','2022-12-30 04:49:20','','Money-3','','inherit','closed','closed','','money-3-7','','','2022-12-30 04:49:20','2022-12-30 04:49:20','',2867,'http://smartinsurance.tips/wp-content/uploads/2022/12/Money-3.png',0,'attachment','image/png',0),