(3719,1,'2023-12-20 00:24:35','2023-12-20 00:24:35','<!-- wp:paragraph -->\n<p>Blame natural disasters, the pandemic, and your location. These tips will help you whittle down rising premiums.</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\":3718,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-18-1024x1024.png\" alt=\"\" class=\"wp-image-3718\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>You don’t have to live in a disaster-prone place for your homeowners insurance bill to make you feel like disaster has struck. Homeowners insurance premiums are expected to rise significantly this year throughout the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>On average, homeowners can expect to see their bills climb 7.1 percent in 2023, according to the business analytics firm S&amp;P Global Market Intelligence. That follows an even bigger jump of 12.6 percent last year, nearly double the overall inflation rate. Historically, homeowners insurance bills have risen only about 5 percent a year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What’s behind these scary numbers? Read on for answers—and for solutions to help you save money. And if you’re shopping for coverage, check Consumer Reports’ Homeowners Insurance Buying Guide. CR members can consult our exclusive survey-based homeowners insurance ratings for the best companies across the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Blame the Weather</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Insurance experts generally agree that two major forces have pushed insurance premiums skyward. “Broadly, it’s inflation and climate change,” says Tim Zawacki, lead insurance analyst at S&amp;P Global.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There have been more very destructive weather events, including Hurricane Ida in 2021 and Ian in 2022, causing billions of dollars of damage to insured properties. In fact, the years 2019 through 2022 were the most costly three years for insurers ever, according to the American Property and Casualty Insurance Association (APCIA). The industry has responded by passing costs on to policyholders in affected states.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Florida homeowners, many of them still reeling from Ian—and from earlier premium price spikes—can expect premium increases of 40 percent [PDF] in 2023, the Insurance Information Institute, an industry group, projects. In Louisiana, still recovering from Ida, policyholders in the pricey high-risk insurance pool will see premiums swell by an average of 63 percent when they renew this year. Those unlucky folks represent a tenth of all the state’s insured homeowners.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“But it’s not just hurricanes that have had an impact,” says Karen Collins, a vice president at APCIA. “It’s storm events like tornadoes and hail, and also wildfires.” In 2022 residents of Colorado, for instance, which has suffered from mudslides and wildfires, got jolted by a 16.7 percent premium increase, on average, not far behind windstorm-prone Louisiana (27.6 percent), South Carolina (19.7 percent), and Florida (19 percent).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Building Inflation Hits Hard</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Higher construction costs have a big impact on what homeowners will see in their policy renewal letters this year. When material and labor expenses go up, so do premiums. Between 2020 and 2022, pandemic supply-chain kinks, coupled with heavy demand, boosted the price of residential construction materials by 33.9 percent, according to the Bureau of Labor Statistics. Workers also became harder to find, forcing builders to raise wages. Though prices have dropped for some materials—like lumber—that inflation hasn’t completely abated.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Demographic shifts can also play a role. South Carolina’s 19.7 percent jump last year was partly due to its growing population, which ratcheted up demand for new homes, Zawacki says. “Local costs for labor and materials are factored into the replacement cost formula, which drives premiums.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What You Can Do to Save on Homeowners Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you want to hunt down the best value for your insurance dollar, comparison shopping is a good way to start. Companies don’t judge you and your property identically, so you may get a more favorable price from one company than from another. Just make sure you’re comparing coverage apples to apples.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’re worried about losing your standing as a longtime customer, you don’t necessarily need to be. While your current insurer may provide a 5 or 10 percent loyalty discount, staying put may also be sending it the message that overall price hikes won’t send you running to a competitor. Just 13 percent of Consumer Reports members in a recent survey said they regularly shop for new coverage. But among the 7,075 who did switch to a new carrier within the five-year period covered by our survey, 39 percent said they did so because they got a better price.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that in this inflationary period, it’s key to establish the right replacement cost for your home so you’ll be covered in the event it gets destroyed. For that reason, Zawacki favors using a local, independent agent or broker who sells policies from several insurance companies vs. an online vendor. These professionals can go over how the different companies have determined the replacement cost of your home, and they also may recommend policy add-ons that can help your coverage keep up with inflation. (Find an agent through Trusted Choice, which is affiliated with numerous such companies.) </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you’d rather hunt for coverage online, consider websites such as Insure.com, NetQuote, SelectQuote, and TheZebra, which provide initial quotes from a variety of insurers. Also check with your state insurance department, which may publish rate comparisons. Floridians, for instance, can go to Florida’s Office of Insurance Regulation; Californians, to the California Department of Insurance. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>CR members can consult Consumer Reports homeowners insurance ratings to identify companies that best satisfied the 59,670 members who responded to our survey. We judge carriers on price, breadth of coverage, non-claims customer service, and other factors. We also rate them on claims handling, including how satisfied members are with the dollar amount they receive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Use These Other Money-Saving Tactics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first quote you get from an insurer may not be what you ultimately pay, says Collins of the APCIA. “You may start out with a higher quote,” she says, “but when you show the steps you’ve taken to mitigate risks, it can moderate the cost.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These strategies can help:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Bundle coverage.</strong>&nbsp;Purchasing your homeowners and auto coverage from the same company can provide savings of up to 30 percent overall. You could save more, too, if you bundle your boat or motorcycle. “Bundling insurance policies also can simplify your bill paying and record-keeping,” says Loretta Worters, a spokesperson for the Insurance Information Institute.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ke<strong>ep your deductible high.&nbsp;</strong>Higher deductibles equal lower premiums. Going to a $1,000 deductible from $500, for instance, can shave your premium by 25 percent, the III says. And going from $500 to $2,500 potentially saves even more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Clean up your credit.</strong> Insurers in 46 states can use what’s called a credit-based insurance score in their pricing of homeowners insurance premiums. They can also check your score regularly and use it in their renewal pricing. An analysis by PolicyGenius found that poor credit can generate a premium twice as high as good credit. To improve your odds, don’t take on too much credit card debt in the months before shopping, and pay your bills on time. Check your credit reports with annualcreditreport.com regularly to identify errors and correct them. And ask the insurer what impact your credit score is having on your premium. “In theory, the insurer should tell you the source of the score—Lexis-Nexis, Experian, for instance—so you can review it,” says Chuck Bell, programs director for advocacy at Consumer Reports. (CR has argued against the use of credit in insurance pricing, and using credit scores for homeowners pricing isn’t allowed in California, Maryland, Massachusetts, or Michigan.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Landscape with fire in mind.&nbsp;</strong>Cutting back dry brush around dwellings and outbuildings in a fire-prone area can earn you a 5 percent break on your premium. (Worters says it’s rare to see this discount in wildfire-prone California.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">When You’re Ready for Home Improvements, Consider These</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may not want to do major work on your home just to save a few hundred dollars on homeowners coverage. But if you’re prepared to do so, here are places to start.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Add or replace home systems. </strong>Replacing old plumbing and adding a home security system and gas- or water-leak detectors can lead to insurance savings of 2 to 6 percent or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Upgrade the roof.</strong> This part of your house is often where problems start, from water leaks to fires from wind-borne embers. So some insurers add a surcharge of 10 to 15 percent for older roofs. (A PolicyGenius analysis found major insurers charging from 12 to 40 percent more for a 20-year-old roof vs. a new one.) Check CR’s ratings of asphalt roofing shingles if you’re ready to replace your roof. And in a hurricane- or tornado-prone area, go to fortifiedhome.org to learn how to install an impact-resistant roof system that could be eligible for a 35 percent discount from some insurers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In Florida, you may have no choice but to upgrade your roof, by the way. Some insurers won’t cover roof damage unless the roof is newer than 10 or 15 years old, says Melanie Musson. “In that scenario, residents may not end up paying wildly inflated premiums, but they’re getting less coverage for their money,” she explains.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Mind How Your Behavior Affects Your Premium</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Pick your pets and pursuits wisely. </strong>You may love the cuteness of that Doberman puppy, but owning one could cost you more in premiums than, say, a shih tzu. Some insurers maintain that the risk of dog bites—and liability lawsuits—is greater with certain dog breeds, and they may set a surcharge or deny coverage. (Showing the carrier that your dog has passed the American Kennel Club’s Canine Good Citizen training may help you avoid an insurance surcharge.) Likewise, trampolines, pools, and other fun toys are accidents waiting to happen in insurers’ eyes. And reporting that you’re a smoker suggests you’re a fire risk. While not divulging these items can help you avoid surcharges, your insurer could drop you if it learns of them later, say, after you or someone who’s been injured files a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Be cautious about how often you make a claim. </strong>Filing one every five years shouldn’t raise a red flag with your carrier and trigger a premium increase, Worters says. But more than that is pushing it. “Making three claims in two years, for instance, shows you have a proclivity for claims,” Worters says. That could raise your rates or influence your carrier not to renew your policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/money/homeowners-insurance/why-home-insurance-costs-so-much-and-how-to-pay-less-a6189826846/?itm_source=parsely-api\">click here.</a></p>\n<!-- /wp:paragraph -->','Why Home Insurance Costs So Much—and How to Pay Less','','inherit','closed','closed','','3717-revision-v1','','','2023-12-20 00:24:35','2023-12-20 00:24:35','',3717,'https://smartinsurance.tips/?p=3719',0,'revision','',0),(3720,1,'2023-12-20 01:15:40','2023-12-20 01:15:40','<!-- wp:paragraph -->\n<p>Similar coverage—but different policies.</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\":3724,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-19-1024x1024.png\" alt=\"\" class=\"wp-image-3724\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a home, a good insurance policy can provide peace of mind and help you avoid devastating financial losses if something bad happens. Home insurance covers the home, your belongings, and liability claims, but the policy you need depends on your home type. If you own a modular home, a standard insurance policy should suffice, but if you own a manufactured home, you will need a special policy.</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>Home insurance covers the home, your personal belongings, and liability claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Modular homes are insured with standard homeowners insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Manufactured homes require special policies designed for manufactured and mobile homes.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">What Is a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Modular homes are built off-site in indoor facilities. Each home is built in sections (aka modules) that are transported to a building site and assembled, usually with the help of a crane. Unlike a&nbsp;manufactured home, you can’t move a modular home once it’s been attached to a permanent foundation,&nbsp;such as a slab, crawlspace, or basement—just like a site-built (or stick-built) home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modular homes can be on a single level or have multiple stories, and they can be virtually indistinguishable from traditional, site-built homes in design, features, and construction. In fact, modular homes are built to the same building standards as site-built homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">What Is a Manufactured Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Manufactured homes have two defining characteristics: They’re built in factories instead of on-site, and they sit on a movable chassis instead of a slab, crawlspace, or basement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though manufactured homes can be moved after the initial installation, most stay put because they are expensive to transport. Manufactured homes are always one story, but they come in several sizes, including single wide, double wide, and triple wide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Is a Mobile Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">While the terms “manufactured home” and “mobile home” often are used interchangeably, they do differ. Both have been built in factories, and both rest on a movable chassis. The distinction comes down to when the home was built.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The U.S. Department of Housing and Urban Development (HUD)\'s Manufactured Home Construction and Safety Standards were established on June 15, 1976. So, mobile homes built before that date do not meet HUD\'s standards for manufactured homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">Modular Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">If you own a modular home, you can buy a standard&nbsp;homeowners insurance&nbsp;policy to protect your investment. Because there aren’t any specific insurance risks for modular homes, the coverages are the same as those for a traditional home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>State Farm stopped accepting new applications for home insurance in California, including all business and personal lines property and casualty insurance, on May 27, 2023. Existing policies and personal auto insurance policies were not impacted by this change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-25\"><!-- wp:list-item -->\n<li><strong>Dwelling Coverage:&nbsp;</strong>This helps pay to repair or rebuild your home if it’s damaged by a&nbsp;covered peril, such as a fire or wind storm. The coverage applies to the physical structure of your home; any attached structures, such as a garage or deck; and any built-in appliances, such as a furnace or water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal Property Coverage:&nbsp;</strong>This helps pay repair or replace personal property that’s damaged by a covered peril. It usually covers damage and theft, whether the property is in your home or somewhere else. For example, if you take your laptop on vacation and it gets stolen, insurance would cover the loss (depending on the policy, of course).&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability Protection:&nbsp;</strong>This helps pay for medical and legal costs if a household member is found liable for damage to someone else’s property or if a non-household member is injured at your home. Falls and dog bites are two of the most common incidents that trigger liability claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>Homeowners insurance usually doesn’t cover a modular home while it’s being built, transported, set, and finished.</em> Progressive. \"How Does Mobile Home Insurance Work?\"<em>&nbsp;Be sure your modular manufacturer and builder have adequate insurance (including sufficient liability insurance and workers’ compensation) and consider buying a builder’s risk policy.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">HO-3 Insurance Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">The most common type of homeowners insurance is called an HO-3, or a special form policy. These policies provide&nbsp;all-risks coverage&nbsp;for the home (including modular homes) and personal property. By default, an HO-3 policy covers your home at its&nbsp;replacement cost&nbsp;and your personal property at its&nbsp;actual cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">HO-3 policies protect against losses from any cause that’s not specifically excluded in the policy. While that may sound all-encompassing, many perils are commonly excluded, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Animals owned by the insured</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Birds, vermin, rodents, and insects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discharge, dispersal, and seepage of pollutants</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earth movement (defined as shifting, expanding, rising, contracting, and sinking of the earth)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Government action</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Intentional loss (e.g., arson)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mechanical failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mold, fungus, or wet rot (unless water accidentally discharges or overflows)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Neglect</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Nuclear hazard</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ordinance or law (meaning the cost to rebuild a home that has been destroyed, plus the cost to upgrade it to meet current building codes after a covered loss)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settling, shrinking, bulging, or expanding of the home’s foundation, walls, or other structural elements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage from smog, rust, and corrosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke from agricultural and industrial operations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft while the home is under construction</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism or malicious mischief if the home is vacant for more than 60 days</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>War</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage from flooding, sewer backups, or seepage from the ground</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wear and tear</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">In general,&nbsp;you can customize your home insurance policy&nbsp;to get the coverage you need. For example, you can add an&nbsp;endorsement&nbsp;to cover an excluded peril, or you can bump up your coverage limits if you have, say, a collection of&nbsp;valuable Star Wars memorabilia&nbsp;(say an Obi-Wan Kenobi with a double-telescoping lightsaber and a vinyl-cape Jawa).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Mobile Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Mobile and manufactured homes are typically covered with an HO-7&nbsp;or a&nbsp;mobile home form policy.&nbsp;HO-7s are virtually identical to HO-3s (standard homeowners insurance policies), and, just like HO-3s, they provide dwelling coverage, personal property coverage, and liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Still, even though the two policies are similar, you can’t insure a mobile home or manufactured home with a standard homeowners insurance policy. You must buy a policy that’s specially designed for a mobile or manufactured home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most mobile home insurance policies don’t provide coverage while the home is in transit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Mobile home insurance is generally more expensive than standard homeowners insurance. That’s because mobile and manufactured homes are less able to withstand incidents such as floods and&nbsp;fires, more susceptible to wind damage, and tend to be at a higher risk for theft and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">How Much Does Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Whether you own a modular or manufactured home, your insurance costs will depend on a variety of factors, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-50\"><!-- wp:list-item -->\n<li>The home’s age, size, and value</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The value of your personal belongings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The physical address of the home (location-based factors such as the risk of severe weather, floods, and wildfires—as well as local crime rates—affect the cost)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The building materials used</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>History of repairs and renovations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Existing claims on your home policy</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s safety devices, such as smoke detectors, fire extinguishers, and sprinklers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s security features, including deadbolts, alarm systems, security gates, and fireproof safes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Whether you own or rent the lot where the home is located (if it’s a manufactured home)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">The cost will also depend on the coverage limits and deductibles you pick. Most of the time you pay less if you choose lower coverage limits and a higher deductible. Conversely, you pay more if you elect higher coverage limits and a lower deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Modular Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modular home can be covered with a standard homeowners insurance policy. This will cover the home, belongings, and personal liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Primary Difference Between a Manufactured Home and a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes are attached to a permanent foundation, and manufactured homes are not. This makes manufactured homes more susceptible to certain types of damage—such as from wind—and it is why a standard homeowners policy is not sufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Disadvantage of Modular Homes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes come with different risks than homes that are built entirely on site. Even though a modular home is attached to a foundation, its modules need to be transported to the building site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">Home insurance covers your home, personal belongings, and liability claims. If you own a modular home, you can buy a standard homeowners insurance policy. Mobile and manufactured homeowners can buy similar policies that are designed specifically for these types of homes.&nbsp;No matter what type of home you own, a good insurance policy can give you peace of mind and protect you from devastating financial losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/modular-vs-manufactured-home-insurance-5074202\">click here.</a></p>\n<!-- /wp:paragraph -->','Modular vs. Manufactured Home Insurance','','publish','closed','closed','','modular-vs-manufactured-home-insurance','','','2023-12-20 01:17:24','2023-12-20 01:17:24','',0,'https://smartinsurance.tips/?p=3720',0,'post','',0),(3721,1,'2023-12-20 00:49:56','2023-12-20 00:49:56','','Untitled-20','','inherit','closed','closed','','untitled-20-2','','','2023-12-20 00:49:56','2023-12-20 00:49:56','',3720,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20.png',0,'attachment','image/png',0),(3722,1,'2023-12-20 01:15:40','2023-12-20 01:15:40','<!-- wp:paragraph -->\n<p>Similar coverage—but different policies.</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\":3721,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1024x1024.png\" alt=\"\" class=\"wp-image-3721\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a home, a good insurance policy can provide peace of mind and help you avoid devastating financial losses if something bad happens. Home insurance covers the home, your belongings, and liability claims, but the policy you need depends on your home type. If you own a modular home, a standard insurance policy should suffice, but if you own a manufactured home, you will need a special policy.</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>Home insurance covers the home, your personal belongings, and liability claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Modular homes are insured with standard homeowners insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Manufactured homes require special policies designed for manufactured and mobile homes.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">What Is a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Modular homes are built off-site in indoor facilities. Each home is built in sections (aka modules) that are transported to a building site and assembled, usually with the help of a crane. Unlike a manufactured home, you can’t move a modular home once it’s been attached to a permanent foundation, such as a slab, crawlspace, or basement—just like a site-built (or stick-built) home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modular homes can be on a single level or have multiple stories, and they can be virtually indistinguishable from traditional, site-built homes in design, features, and construction. In fact, modular homes are built to the same building standards as site-built homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">What Is a Manufactured Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Manufactured homes have two defining characteristics: They’re built in factories instead of on-site, and they sit on a movable chassis instead of a slab, crawlspace, or basement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though manufactured homes can be moved after the initial installation, most stay put because they are expensive to transport. Manufactured homes are always one story, but they come in several sizes, including single wide, double wide, and triple wide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Is a Mobile Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">While the terms “manufactured home” and “mobile home” often are used interchangeably, they do differ. Both have been built in factories, and both rest on a movable chassis. The distinction comes down to when the home was built.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The U.S. Department of Housing and Urban Development (HUD)\'s Manufactured Home Construction and Safety Standards were established on June 15, 1976. So, mobile homes built before that date do not meet HUD\'s standards for manufactured homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">Modular Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">If you own a modular home, you can buy a standard homeowners insurance policy to protect your investment. Because there aren’t any specific insurance risks for modular homes, the coverages are the same as those for a traditional home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>State Farm stopped accepting new applications for home insurance in California, including all business and personal lines property and casualty insurance, on May 27, 2023. Existing policies and personal auto insurance policies were not impacted by this change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-25\"><!-- wp:list-item -->\n<li><strong>Dwelling Coverage: </strong>This helps pay to repair or rebuild your home if it’s damaged by a covered peril, such as a fire or wind storm. The coverage applies to the physical structure of your home; any attached structures, such as a garage or deck; and any built-in appliances, such as a furnace or water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal Property Coverage:&nbsp;</strong>This helps pay repair or replace personal property that’s damaged by a covered peril. It usually covers damage and theft, whether the property is in your home or somewhere else. For example, if you take your laptop on vacation and it gets stolen, insurance would cover the loss (depending on the policy, of course).&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability Protection: </strong>This helps pay for medical and legal costs if a household member is found liable for damage to someone else’s property or if a non-household member is injured at your home. Falls and dog bites are two of the most common incidents that trigger liability claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>Homeowners insurance usually doesn’t cover a modular home while it’s being built, transported, set, and finished.</em> Progressive. \"How Does Mobile Home Insurance Work?\"<em> Be sure your modular manufacturer and builder have adequate insurance (including sufficient liability insurance and workers’ compensation) and consider buying a builder’s risk policy.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">HO-3 Insurance Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">The most common type of homeowners insurance is called an HO-3, or a special form policy. These policies provide all-risks coverage for the home (including modular homes) and personal property. By default, an HO-3 policy covers your home at its replacement cost and your personal property at its actual cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">HO-3 policies protect against losses from any cause that’s not specifically excluded in the policy. While that may sound all-encompassing, many perils are commonly excluded, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Animals owned by the insured</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Birds, vermin, rodents, and insects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discharge, dispersal, and seepage of pollutants</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earth movement (defined as shifting, expanding, rising, contracting, and sinking of the earth)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Government action</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Intentional loss (e.g., arson)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mechanical failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mold, fungus, or wet rot (unless water accidentally discharges or overflows)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Neglect</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Nuclear hazard</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ordinance or law (meaning the cost to rebuild a home that has been destroyed, plus the cost to upgrade it to meet current building codes after a covered loss)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settling, shrinking, bulging, or expanding of the home’s foundation, walls, or other structural elements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage from smog, rust, and corrosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke from agricultural and industrial operations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft while the home is under construction</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism or malicious mischief if the home is vacant for more than 60 days</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>War</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage from flooding, sewer backups, or seepage from the ground</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wear and tear</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">In general, you can customize your home insurance policy to get the coverage you need. For example, you can add an endorsement to cover an excluded peril, or you can bump up your coverage limits if you have, say, a collection of valuable Star Wars memorabilia (say an Obi-Wan Kenobi with a double-telescoping lightsaber and a vinyl-cape Jawa).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Mobile Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Mobile and manufactured homes are typically covered with an HO-7 or a mobile home form policy. HO-7s are virtually identical to HO-3s (standard homeowners insurance policies), and, just like HO-3s, they provide dwelling coverage, personal property coverage, and liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Still, even though the two policies are similar, you can’t insure a mobile home or manufactured home with a standard homeowners insurance policy. You must buy a policy that’s specially designed for a mobile or manufactured home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most mobile home insurance policies don’t provide coverage while the home is in transit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Mobile home insurance is generally more expensive than standard homeowners insurance. That’s because mobile and manufactured homes are less able to withstand incidents such as floods and fires, more susceptible to wind damage, and tend to be at a higher risk for theft and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">How Much Does Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Whether you own a modular or manufactured home, your insurance costs will depend on a variety of factors, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-50\"><!-- wp:list-item -->\n<li>The home’s age, size, and value</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The value of your personal belongings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The physical address of the home (location-based factors such as the risk of severe weather, floods, and wildfires—as well as local crime rates—affect the cost)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The building materials used</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>History of repairs and renovations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Existing claims on your home policy</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s safety devices, such as smoke detectors, fire extinguishers, and sprinklers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s security features, including deadbolts, alarm systems, security gates, and fireproof safes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Whether you own or rent the lot where the home is located (if it’s a manufactured home)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">The cost will also depend on the coverage limits and deductibles you pick. Most of the time you pay less if you choose lower coverage limits and a higher deductible. Conversely, you pay more if you elect higher coverage limits and a lower deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Modular Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modular home can be covered with a standard homeowners insurance policy. This will cover the home, belongings, and personal liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Primary Difference Between a Manufactured Home and a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes are attached to a permanent foundation, and manufactured homes are not. This makes manufactured homes more susceptible to certain types of damage—such as from wind—and it is why a standard homeowners policy is not sufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Disadvantage of Modular Homes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes come with different risks than homes that are built entirely on site. Even though a modular home is attached to a foundation, its modules need to be transported to the building site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">Home insurance covers your home, personal belongings, and liability claims. If you own a modular home, you can buy a standard homeowners insurance policy. Mobile and manufactured homeowners can buy similar policies that are designed specifically for these types of homes. No matter what type of home you own, a good insurance policy can give you peace of mind and protect you from devastating financial losses.</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/modular-vs-manufactured-home-insurance-5074202\">click here.</a></p>\n<!-- /wp:paragraph -->','Modular vs. Manufactured Home Insurance','','inherit','closed','closed','','3720-revision-v1','','','2023-12-20 01:15:40','2023-12-20 01:15:40','',3720,'https://smartinsurance.tips/?p=3722',0,'revision','',0),(3723,1,'2023-12-20 01:44:14','2023-12-20 01:44:14','<!-- wp:paragraph -->\n<p>Vacation home insurance can protect your investment.</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\":3726,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1-1024x1024.png\" alt=\"\" class=\"wp-image-3726\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Owning a vacation home may be one of your big financial goals, and it’s important to make certain that your investment is protected. Having the right homeowners insurance can ensure that your vacation property is covered against damages from fire, wind, and other perils. In most cases you’ll need to purchase a separate policy to cover a second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">If your vacation home has a mortgage, your lender may require property insurance as a condition of borrowing.</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>If you own a second home, you may need a separate homeowners insurance policy to cover it.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mortgage lenders may require a separate home insurance policy for vacation properties.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s age, condition, amenities, and location can influence the amount you’ll pay for a homeowners insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Additional insurance coverage may be needed if you plan to rent out your vacation or second home as a short-term rental.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">What Is Vacation Home Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">If you plan to buy a second or vacation home, you’ll most likely need vacation home insurance. This is a type of homeowners insurance policy that covers a home you own but don’t live in full-time.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Vacation homes are typically viewed as being higher risk by insurance companies because they aren’t occupied all of the time. If you own a beachfront home, for example, the risk of theft or vandalism may be higher if you and your neighbors only visit periodically. Likewise, it may take longer to detect water damage with a second home that’s left unoccupied, which could increase the likelihood of the insurance company having to pay out a claim for damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> Vacation home insurance is not the same as vacant home insurance, which covers properties that remain empty for extended periods of time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">What Does Vacation Home Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">A vacation home insurance policy isn’t exactly identical to traditional homeowners insurance, as the home isn’t being lived in all the time. Instead of covering all the things that a typical homeowners policy might cover, your insurance company may build your policy around named perils only.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This means the policy for your second home will list a specific set of events that are covered, which may include damage from:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-18\"><!-- wp:list-item -->\n<li>Fire and smoke</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosions</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">Liability coverage may also be included, which would cover any personal injuries sustained by someone while they’re on the property. The policy could include medical payments coverage as well to pay for someone’s medical bills if they’re injured. Still, it’s possible that if you already have a homeowners insurance policy in place for your primary residence, your insurer could extend those coverages to a vacation or second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> When purchasing vacation home insurance, take time to read your policy’s home insurance declaration page, which explains the details of the property being covered, your coverage limits, deductibles, and premiums. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does Vacation Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Vacation home insurance could end up being more expensive than your regular homeowners insurance, depending on the type of coverage you need. There are a number of factors that influence your premium costs related to the home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li><strong>Location—</strong>Vacation or second homes in areas that are prone to flooding, hurricanes, or other natural disaster-related events may come with higher premium costs. A home that’s located in an area that experiences earthquakes, forest fires, or mudslides could also be more expensive to insure.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Condition and Age—</strong>Aside from location, insurance companies also look closely at the age and overall condition of the home when determining premiums. An older home that’s been neglected in terms of maintenance or upkeep will typically cost more to insure than a newer home or one that’s been well maintained.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Property Type—</strong>The type of home can also make a difference when getting vacation home insurance. A small mountain cabin, for instance, may cost less to insure than a three-story beachfront property. The home’s amenities can also make a difference. Having a pool on the property, for instance, can result in paying higher premiums, as pools increase risk for insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">It’s important to keep in mind that vacation home insurance might also require secondary coverage, depending on where the home is located. If you have a beachfront home or a second home located near a lake or river, you may need to get a separate flood insurance policy. Keep in mind that flood insurance may have its own limits with regard to what’s covered and what’s not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">If your vacation home is at risk of damage from hurricanes, you will want to be sure that you have enough coverage in place to protect your investment. Your standard vacation home policy may not cover all hurricane damage, but hurricane policies do supply this protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> If you plan to rent your vacation home long-term, you may want to consider a landlord policy, which can cover you for damages while also replacing lost income if the property is being rebuilt or repaired following a covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Renting Out a Vacation Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Owning a vacation home can be great when you need an escape from the hustle and bustle. You may also view it as a potential moneymaker if you can rent the home out when you’re not using it. Still, it’s important to know that doing so could require you to purchase additional home insurance coverage for liability, bodily injury, and medical payments. Also, more coverage means paying higher premiums to insure your second home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on how long the home will be used for rentals, you may need a short-term or long-term rental insurance policy. It’s possible that your insurance company may allow you to add an endorsement to an existing policy for short-term rental coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">You should also be aware that rental coverage protects you as the homeowner but not your renter’s personal belongings. For that reason it may be wise to encourage renters to purchase their own renter’s insurance policy to protect themselves against losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>If you plan to rent a vacation or second home via Airbnb or a similar platform, first check the ordinance and zoning laws where the property is located, as some municipalities have begun to prohibit or restrict short-term rentals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How To Buy Vacation Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">If you’re planning to buy a vacation or second home, purchasing insurance for it is similar to buying homeowners insurance for a primary residence. It starts with doing some comparison shopping. When comparing policies from different insurers, it helps to look at:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-47\"><!-- wp:list-item -->\n<li>What is and isn’t covered</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any exclusions related to specific property types or amenities on the property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Premiums and deductibles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discounts you may be able to take advantage of to reduce your premium costs</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Depending on your insurer, you may be able to lower your premiums for second home insurance by bundling policies or installing a home security system. Likewise, your insurer may offer discounts for installing smoke detectors or carbon monoxide detectors. Asking about these and other discounts that may be available before you buy can help you find the best deal on vacation home insurance.</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/vacation-home-insurance-how-to-insure-your-second-home-5074122\">click here.</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p> </p>\n<!-- /wp:paragraph -->','Vacation Home Insurance: How To Insure Your Second Home','','publish','closed','closed','','vacation-home-insurance-how-to-insure-your-second-home','','','2023-12-20 01:44:14','2023-12-20 01:44:14','',0,'https://smartinsurance.tips/?p=3723',0,'post','',0),(3724,1,'2023-12-20 01:17:05','2023-12-20 01:17:05','','Untitled-19','','inherit','closed','closed','','untitled-19-2','','','2023-12-20 01:17:05','2023-12-20 01:17:05','',3720,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-19.png',0,'attachment','image/png',0),(3725,1,'2023-12-20 01:17:24','2023-12-20 01:17:24','<!-- wp:paragraph -->\n<p>Similar coverage—but different policies.</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\":3724,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-19-1024x1024.png\" alt=\"\" class=\"wp-image-3724\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a home, a good insurance policy can provide peace of mind and help you avoid devastating financial losses if something bad happens. Home insurance covers the home, your belongings, and liability claims, but the policy you need depends on your home type. If you own a modular home, a standard insurance policy should suffice, but if you own a manufactured home, you will need a special policy.</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>Home insurance covers the home, your personal belongings, and liability claims.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Modular homes are insured with standard homeowners insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Manufactured homes require special policies designed for manufactured and mobile homes.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">What Is a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Modular homes are built off-site in indoor facilities. Each home is built in sections (aka modules) that are transported to a building site and assembled, usually with the help of a crane. Unlike a&nbsp;manufactured home, you can’t move a modular home once it’s been attached to a permanent foundation,&nbsp;such as a slab, crawlspace, or basement—just like a site-built (or stick-built) home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Modular homes can be on a single level or have multiple stories, and they can be virtually indistinguishable from traditional, site-built homes in design, features, and construction. In fact, modular homes are built to the same building standards as site-built homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">What Is a Manufactured Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">Manufactured homes have two defining characteristics: They’re built in factories instead of on-site, and they sit on a movable chassis instead of a slab, crawlspace, or basement.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though manufactured homes can be moved after the initial installation, most stay put because they are expensive to transport. Manufactured homes are always one story, but they come in several sizes, including single wide, double wide, and triple wide.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">What Is a Mobile Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">While the terms “manufactured home” and “mobile home” often are used interchangeably, they do differ. Both have been built in factories, and both rest on a movable chassis. The distinction comes down to when the home was built.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The U.S. Department of Housing and Urban Development (HUD)\'s Manufactured Home Construction and Safety Standards were established on June 15, 1976. So, mobile homes built before that date do not meet HUD\'s standards for manufactured homes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">Modular Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">If you own a modular home, you can buy a standard&nbsp;homeowners insurance&nbsp;policy to protect your investment. Because there aren’t any specific insurance risks for modular homes, the coverages are the same as those for a traditional home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>State Farm stopped accepting new applications for home insurance in California, including all business and personal lines property and casualty insurance, on May 27, 2023. Existing policies and personal auto insurance policies were not impacted by this change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-25\"><!-- wp:list-item -->\n<li><strong>Dwelling Coverage:&nbsp;</strong>This helps pay to repair or rebuild your home if it’s damaged by a&nbsp;covered peril, such as a fire or wind storm. The coverage applies to the physical structure of your home; any attached structures, such as a garage or deck; and any built-in appliances, such as a furnace or water heater.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Personal Property Coverage:&nbsp;</strong>This helps pay repair or replace personal property that’s damaged by a covered peril. It usually covers damage and theft, whether the property is in your home or somewhere else. For example, if you take your laptop on vacation and it gets stolen, insurance would cover the loss (depending on the policy, of course).&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Liability Protection:&nbsp;</strong>This helps pay for medical and legal costs if a household member is found liable for damage to someone else’s property or if a non-household member is injured at your home. Falls and dog bites are two of the most common incidents that trigger liability claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: <em>Homeowners insurance usually doesn’t cover a modular home while it’s being built, transported, set, and finished.</em> Progressive. \"How Does Mobile Home Insurance Work?\"<em>&nbsp;Be sure your modular manufacturer and builder have adequate insurance (including sufficient liability insurance and workers’ compensation) and consider buying a builder’s risk policy.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">HO-3 Insurance Policies</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">The most common type of homeowners insurance is called an HO-3, or a special form policy. These policies provide&nbsp;all-risks coverage&nbsp;for the home (including modular homes) and personal property. By default, an HO-3 policy covers your home at its&nbsp;replacement cost&nbsp;and your personal property at its&nbsp;actual cash value.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">HO-3 policies protect against losses from any cause that’s not specifically excluded in the policy. While that may sound all-encompassing, many perils are commonly excluded, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Animals owned by the insured</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Birds, vermin, rodents, and insects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discharge, dispersal, and seepage of pollutants</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earth movement (defined as shifting, expanding, rising, contracting, and sinking of the earth)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Government action</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Intentional loss (e.g., arson)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mechanical failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mold, fungus, or wet rot (unless water accidentally discharges or overflows)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Neglect</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Nuclear hazard</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ordinance or law (meaning the cost to rebuild a home that has been destroyed, plus the cost to upgrade it to meet current building codes after a covered loss)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Power failure</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Settling, shrinking, bulging, or expanding of the home’s foundation, walls, or other structural elements</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Damage from smog, rust, and corrosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke from agricultural and industrial operations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft while the home is under construction</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalism or malicious mischief if the home is vacant for more than 60 days</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>War</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Water damage from flooding, sewer backups, or seepage from the ground</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Wear and tear</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">In general,&nbsp;you can customize your home insurance policy&nbsp;to get the coverage you need. For example, you can add an&nbsp;endorsement&nbsp;to cover an excluded peril, or you can bump up your coverage limits if you have, say, a collection of&nbsp;valuable Star Wars memorabilia&nbsp;(say an Obi-Wan Kenobi with a double-telescoping lightsaber and a vinyl-cape Jawa).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Mobile Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Mobile and manufactured homes are typically covered with an HO-7&nbsp;or a&nbsp;mobile home form policy.&nbsp;HO-7s are virtually identical to HO-3s (standard homeowners insurance policies), and, just like HO-3s, they provide dwelling coverage, personal property coverage, and liability protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Still, even though the two policies are similar, you can’t insure a mobile home or manufactured home with a standard homeowners insurance policy. You must buy a policy that’s specially designed for a mobile or manufactured home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most mobile home insurance policies don’t provide coverage while the home is in transit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Mobile home insurance is generally more expensive than standard homeowners insurance. That’s because mobile and manufactured homes are less able to withstand incidents such as floods and&nbsp;fires, more susceptible to wind damage, and tend to be at a higher risk for theft and vandalism.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">How Much Does Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Whether you own a modular or manufactured home, your insurance costs will depend on a variety of factors, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-50\"><!-- wp:list-item -->\n<li>The home’s age, size, and value</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The value of your personal belongings</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The physical address of the home (location-based factors such as the risk of severe weather, floods, and wildfires—as well as local crime rates—affect the cost)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The building materials used</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>History of repairs and renovations</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Existing claims on your home policy</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s safety devices, such as smoke detectors, fire extinguishers, and sprinklers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s security features, including deadbolts, alarm systems, security gates, and fireproof safes</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Whether you own or rent the lot where the home is located (if it’s a manufactured home)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">The cost will also depend on the coverage limits and deductibles you pick. Most of the time you pay less if you choose lower coverage limits and a higher deductible. Conversely, you pay more if you elect higher coverage limits and a lower deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is a Modular Insurance Policy?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A modular home can be covered with a standard homeowners insurance policy. This will cover the home, belongings, and personal liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Primary Difference Between a Manufactured Home and a Modular Home?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes are attached to a permanent foundation, and manufactured homes are not. This makes manufactured homes more susceptible to certain types of damage—such as from wind—and it is why a standard homeowners policy is not sufficient.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Disadvantage of Modular Homes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Modular homes come with different risks than homes that are built entirely on site. Even though a modular home is attached to a foundation, its modules need to be transported to the building site.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-60\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">Home insurance covers your home, personal belongings, and liability claims. If you own a modular home, you can buy a standard homeowners insurance policy. Mobile and manufactured homeowners can buy similar policies that are designed specifically for these types of homes.&nbsp;No matter what type of home you own, a good insurance policy can give you peace of mind and protect you from devastating financial losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article,&nbsp;<a href=\"https://www.investopedia.com/modular-vs-manufactured-home-insurance-5074202\">click here.</a></p>\n<!-- /wp:paragraph -->','Modular vs. Manufactured Home Insurance','','inherit','closed','closed','','3720-revision-v1','','','2023-12-20 01:17:24','2023-12-20 01:17:24','',3720,'https://smartinsurance.tips/?p=3725',0,'revision','',0),(3726,1,'2023-12-20 01:23:07','2023-12-20 01:23:07','','Untitled-20-1','','inherit','closed','closed','','untitled-20-1','','','2023-12-20 01:23:07','2023-12-20 01:23:07','',3723,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1.png',0,'attachment','image/png',0),(3727,1,'2023-12-20 01:44:14','2023-12-20 01:44:14','<!-- wp:paragraph -->\n<p>Vacation home insurance can protect your investment.</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\":3726,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-20-1-1024x1024.png\" alt=\"\" class=\"wp-image-3726\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Owning a vacation home may be one of your big financial goals, and it’s important to make certain that your investment is protected. Having the right homeowners insurance can ensure that your vacation property is covered against damages from fire, wind, and other perils. In most cases you’ll need to purchase a separate policy to cover a second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">If your vacation home has a mortgage, your lender may require property insurance as a condition of borrowing.</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>If you own a second home, you may need a separate homeowners insurance policy to cover it.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mortgage lenders may require a separate home insurance policy for vacation properties.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The home’s age, condition, amenities, and location can influence the amount you’ll pay for a homeowners insurance policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Additional insurance coverage may be needed if you plan to rent out your vacation or second home as a short-term rental.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">What Is Vacation Home Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">If you plan to buy a second or vacation home, you’ll most likely need vacation home insurance. This is a type of homeowners insurance policy that covers a home you own but don’t live in full-time.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Vacation homes are typically viewed as being higher risk by insurance companies because they aren’t occupied all of the time. If you own a beachfront home, for example, the risk of theft or vandalism may be higher if you and your neighbors only visit periodically. Likewise, it may take longer to detect water damage with a second home that’s left unoccupied, which could increase the likelihood of the insurance company having to pay out a claim for damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> Vacation home insurance is not the same as vacant home insurance, which covers properties that remain empty for extended periods of time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">What Does Vacation Home Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">A vacation home insurance policy isn’t exactly identical to traditional homeowners insurance, as the home isn’t being lived in all the time. Instead of covering all the things that a typical homeowners policy might cover, your insurance company may build your policy around named perils only.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This means the policy for your second home will list a specific set of events that are covered, which may include damage from:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-18\"><!-- wp:list-item -->\n<li>Fire and smoke</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosions</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">Liability coverage may also be included, which would cover any personal injuries sustained by someone while they’re on the property. The policy could include medical payments coverage as well to pay for someone’s medical bills if they’re injured. Still, it’s possible that if you already have a homeowners insurance policy in place for your primary residence, your insurer could extend those coverages to a vacation or second home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> When purchasing vacation home insurance, take time to read your policy’s home insurance declaration page, which explains the details of the property being covered, your coverage limits, deductibles, and premiums. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does Vacation Home Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Vacation home insurance could end up being more expensive than your regular homeowners insurance, depending on the type of coverage you need. There are a number of factors that influence your premium costs related to the home, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li><strong>Location—</strong>Vacation or second homes in areas that are prone to flooding, hurricanes, or other natural disaster-related events may come with higher premium costs. A home that’s located in an area that experiences earthquakes, forest fires, or mudslides could also be more expensive to insure.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Condition and Age—</strong>Aside from location, insurance companies also look closely at the age and overall condition of the home when determining premiums. An older home that’s been neglected in terms of maintenance or upkeep will typically cost more to insure than a newer home or one that’s been well maintained.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Property Type—</strong>The type of home can also make a difference when getting vacation home insurance. A small mountain cabin, for instance, may cost less to insure than a three-story beachfront property. The home’s amenities can also make a difference. Having a pool on the property, for instance, can result in paying higher premiums, as pools increase risk for insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">It’s important to keep in mind that vacation home insurance might also require secondary coverage, depending on where the home is located. If you have a beachfront home or a second home located near a lake or river, you may need to get a separate flood insurance policy. Keep in mind that flood insurance may have its own limits with regard to what’s covered and what’s not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">If your vacation home is at risk of damage from hurricanes, you will want to be sure that you have enough coverage in place to protect your investment. Your standard vacation home policy may not cover all hurricane damage, but hurricane policies do supply this protection.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Tip:</strong> If you plan to rent your vacation home long-term, you may want to consider a landlord policy, which can cover you for damages while also replacing lost income if the property is being rebuilt or repaired following a covered loss.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Renting Out a Vacation Home</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Owning a vacation home can be great when you need an escape from the hustle and bustle. You may also view it as a potential moneymaker if you can rent the home out when you’re not using it. Still, it’s important to know that doing so could require you to purchase additional home insurance coverage for liability, bodily injury, and medical payments. Also, more coverage means paying higher premiums to insure your second home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on how long the home will be used for rentals, you may need a short-term or long-term rental insurance policy. It’s possible that your insurance company may allow you to add an endorsement to an existing policy for short-term rental coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">You should also be aware that rental coverage protects you as the homeowner but not your renter’s personal belongings. For that reason it may be wise to encourage renters to purchase their own renter’s insurance policy to protect themselves against losses.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>If you plan to rent a vacation or second home via Airbnb or a similar platform, first check the ordinance and zoning laws where the property is located, as some municipalities have begun to prohibit or restrict short-term rentals.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How To Buy Vacation Home Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">If you’re planning to buy a vacation or second home, purchasing insurance for it is similar to buying homeowners insurance for a primary residence. It starts with doing some comparison shopping. When comparing policies from different insurers, it helps to look at:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-47\"><!-- wp:list-item -->\n<li>What is and isn’t covered</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any exclusions related to specific property types or amenities on the property</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Premiums and deductibles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Discounts you may be able to take advantage of to reduce your premium costs</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">Depending on your insurer, you may be able to lower your premiums for second home insurance by bundling policies or installing a home security system. Likewise, your insurer may offer discounts for installing smoke detectors or carbon monoxide detectors. Asking about these and other discounts that may be available before you buy can help you find the best deal on vacation home insurance.</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/vacation-home-insurance-how-to-insure-your-second-home-5074122\">click here.</a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p> </p>\n<!-- /wp:paragraph -->','Vacation Home Insurance: How To Insure Your Second Home','','inherit','closed','closed','','3723-revision-v1','','','2023-12-20 01:44:14','2023-12-20 01:44:14','',3723,'https://smartinsurance.tips/?p=3727',0,'revision','',0),(3729,1,'2023-12-28 01:47:00','2023-12-28 01:47:00','','Untitled-21','','inherit','closed','closed','','untitled-21-2','','','2023-12-28 01:47:00','2023-12-28 01:47:00','',3728,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-21.png',0,'attachment','image/png',0),(3730,1,'2023-12-28 01:49:45','2023-12-28 01:49:45','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3729,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-21-1024x1024.png\" alt=\"\" class=\"wp-image-3729\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Devastating and costly disasters can strike where you live at any time. That is why it’s important to purchase either homeowners insurance or renters insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homeowners and renters insurance are similar. Both cover your personal property (your belongings) for problems like fire and theft. And they both cover you if you are responsible for damages to someone else. But there are some key differences.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Differs in Renters Insurance Coverage vs. Home Insurance Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The primary difference between homeowners insurance and renters insurance is that homeowners insurance covers structures—your house, a fence, a shed and other structures. This is not true of renters insurance. Your landlord’s insurance covers damage to the building.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For example, if you own a home and a fire damages your house, your homeowners insurance will pay to repair the building. But if you rent your home and fire damages your apartment, your landlord’s insurance policy would cover repairs to the building.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Homeowners Insurance vs. Renters Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you are considering purchasing either homeowners or renters insurance, keep the following in mind.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Who Needs it?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>If you own your house, you need homeowners insurance. It’s typically required if you have a mortgage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you rent your home, you need renters insurance. Your landlord may require you to have it.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">What Does it Cover?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Homeowners insurance</strong>&nbsp;covers your house, other structures, and accidental property damage and injuries to others. It also includes coverage for additional living expenses if you temporarily can’t live in your home due to a problem covered by the policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Renters insurance</strong>&nbsp;covers your personal belongings as well as accidental property damage and injuries to others. It also includes additional living expenses coverage if you temporarily can’t live at home due to a problem covered by your policy.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Are Discounts Available?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>You can often find homeowners insurance discounts like safety and security feature discounts, roof age discounts, and policy-related discounts such as bundling your home and auto insurance policies.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Renters insurance companies also offer multi-policy discounts, such as bundling auto and renters insurance. You can also find discounts such as home safety discounts and policy-related discounts, like going paperless or paying your premium in full.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">How Are the Premiums Paid?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can typically pay homeowners or renters insurance premiums online, by EFT payment or by mailing your insurer a check. Some homeowners pay their home insurance premiums through an escrow account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Homeowners and renters insurance payments are typically made on a monthly, quarterly, semi annual or annual basis.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Is There a Deductible?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Both home and renters insurance policies have a deductible for claims related to theft and property damage. There is no deductible on liability claims made against you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An insurance deductible is the amount subtracted from an insurance check if you file a claim for certain coverage types, such as a stolen or damaged property claim. Common deductible amounts are $500 and $1,000. For example, if you file a home insurance claim for a burst pipe that destroyed a couch and you have a $500 deductible, that amount will be deducted from your claims check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Homeowners Insurance vs. Renters Insurance: What Perils Are Covered?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renters and home insurance policies cover what are known as “perils,” which is another word for problems. For example, a home insurance policy covers fire-related damage to your house and personal property.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Personal property for both home and renters insurance covers 16 perils:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Accidental discharge or overflow of water or steam</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Aircraft, including spacecraft and self-propelled</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Civil commotion or riot</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Explosion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Falling objects</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Freezing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hail or windstorm</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Malicious mischief or vandalism</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lightning or fire</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Smoke</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sudden and accidental damage from artificially generated electrical current</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Sudden and accidental tearing apart, cracking, burning or bulging</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vehicles</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Weight of ice, sleet or snow</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Volcanic eruption</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>The most common type of homeowners insurance policy is an HO-3. An HO-3 is an “open-perils” policy for your house. It will cover any cause of house damage except for causes specifically listed as exclusions. Common exclusions include power failure, floods, earthquakes, negligence, normal wear and tear, pets and insects, and negligence. But an HO-3 policy typically covers your possessions for only 16 perils, which will be listed in the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can upgrade to an HO-5 policy for the highest level of home insurance. It covers your house and personal property for all perils, except for those listed as exclusions (such as floods). It also includes replacement cost coverage for damaged or stolen items rather than actual cash value. By contrast, with an HO-3 policy you generally need to add a simple endorsement in order to get replacement cost coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Common Coverage Types in Homeowners and Renters Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Homeowners insurance and renters insurance share several types of coverage.</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 to repair or replace your possessions such as furniture, tools, clothing, electronics, toys, sports equipment and more. Your belongings typically are covered wherever you take them, including in your car or on vacations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The theft of high-value items such as jewelry is typically limited to a certain amount (such as $1,500). If you want more coverage for high-value items, you’ll want to schedule personal property. This means your valuable items will be insured separately from the rest of your belongings and will have full coverage for theft and damage.</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>Personal liability coverage pays for medical expenses, property damage and legal costs if you accidentally cause injuries or property damage to others. For example, if your dog bites someone at a park, your liability insurance can pay for their medical bills.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want more liability coverage than your home or renters insurance provides, consider adding an umbrella insurance policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Additional Living Expenses</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Additional living expenses (ALE) coverage pays for temporary housing and other costs if you cannot live at home due to a problem covered by your policy (like a fire). It covers costs like hotel bills, takeout meals and services such as pet boarding and laundry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Medical Payments Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Medical payments coverage pays for small medical expenses for a guest who is injured in your home or apartment, no matter who is at fault for the accident. This way, small medical bills can be paid quickly. It also covers small medical bills of others due to problems that happen away from your house, such as your dog biting someone in the park. This coverage is usually sold in small coverage amounts such as $1,000 to $5,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why Is Homeowners Insurance More Expensive Than Renters Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The primary reason homeowners insurance is more expensive than renters insurance is because it covers the cost of rebuilding your house if a problem like a fire destroys it. Renters insurance does not pay to repair any structures. Landlord insurance covers the building if you are a renter.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home insurance policy also covers other structures, like a deck, detached garage or fence. Renters insurance does not cover other structures—that’s also covered by landlord insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Renters Insurance Do I Need?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can figure out how much renters insurance you need by creating a home inventory. That will give you an idea of how much personal property coverage you’ll need in case your belongings are destroyed by a problem like a tornado or fire.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A home inventory can be as simple as using a pen and paper, or you can use your phone to take pictures or video. You can also use an app, such as the home inventory app provided by the National Association of Insurance Commissioners. You’ll want to record a description of your items (or group of items, like dishes) and the estimated values. You can also include serial numbers and receipts if you have them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But personal property coverage is just the starting point. Don’t overlook the importance of purchasing higher amounts of liability coverage, particularly if you have a high net worth. Typically, a renters policy might start with a minimum of $100,000 in liability protection, which is probably far too little for many people. You want to have enough liability insurance to cover what you could lose in a lawsuit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Finally, decide how much coverage you need for additional living expenses. Your insurance company will either offer you a flat amount of this coverage (such as $5,000) or base your coverage amount on a percentage of your personal property coverage. If you need more coverage, you can typically buy more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Shopping for Homeowners or Renters Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Whether you’re shopping for a home or renters insurance policy, the process for getting insurance is similar. Here are some tips for finding the right policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">How to Get Homeowners Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Buying a home can be a daunting process, but it’s much easier to buy a home insurance policy. Here’s how to get homeowners insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Determine how much homeowners insurance you need.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Gather information on your home, like the year it was built, number of rooms, square footage and the type of building materials.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Compare homeowners insurance quotes among several different insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Progressive and Westfield have the cheapest home insurance, according to Forbes Advisor’s analysis. Your home insurance costs will vary depending on where you live, the age of the house and other factors, such as the cost to rebuild your house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">How to Get Renters Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The process of buying a renters policy is similar to a home insurance policy. Here’s how to get renters insurance:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Determine how much personal property coverage you need by creating a home inventory.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Estimate the amount of liability insurance you need based on your net worth.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Compare renters insurance quotes from several insurers.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>State Farm has the cheapest renters insurance, according to Forbes Advisor’s analysis. Your renters insurance costs will vary depending on where you live and other factors, such as how much coverage you need.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Renters Insurance vs. Landlord Insurance: Are They the Same?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Renters insurance and landlord insurance are very different.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Renters insurance</strong>&nbsp;covers your belongings for problems like theft and fire. It also covers accidental injuries and property damage to others, plus your additional living expenses if you can’t live in your home due to a problem covered by your policy.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Landlord insurance</strong> covers the building and other structures for problems like fires, tornadoes and vandalism. It does not cover your belongings if they are damaged.</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.forbes.com/advisor/homeowners-insurance/whats-difference-between-renters-insurance-and-homeowners-insurance/\">click here.</a></p>\n<!-- /wp:paragraph -->','Homeowners Insurance Vs. Renters Insurance: What’s The Difference?','','inherit','closed','closed','','3728-revision-v1','','','2023-12-28 01:49:45','2023-12-28 01:49:45','',3728,'https://smartinsurance.tips/?p=3730',0,'revision','',0),(3731,1,'2023-12-28 19:16:47','2023-12-28 19:16:47','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3732,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-3732\"/></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.</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>Pro Tip: 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','','','2023-12-28 19:16:47','2023-12-28 19:16:47','',0,'https://smartinsurance.tips/?p=3731',0,'post','',0),(3732,1,'2023-12-28 19:14:41','2023-12-28 19:14:41','','Untitled-22','','inherit','closed','closed','','untitled-22-2','','','2023-12-28 19:14:41','2023-12-28 19:14:41','',3731,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-22.png',0,'attachment','image/png',0),(3733,1,'2023-12-28 19:16:47','2023-12-28 19:16:47','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3732,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-22-1024x1024.png\" alt=\"\" class=\"wp-image-3732\"/></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.</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>Pro Tip: 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','','3731-revision-v1','','','2023-12-28 19:16:47','2023-12-28 19:16:47','',3731,'https://smartinsurance.tips/?p=3733',0,'revision','',0),(3734,1,'2023-12-28 19:18:56','2023-12-28 19:18:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3735,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-3735\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Mice, rats, squirrels and other rodents have a bad reputation for crawling under car hoods and chewing through engine wires. Depending on which wires they’ve chewed and how much damage they’ve caused, this type of behavior could result in expensive repairs for vehicle owners. If rodents have raided your car recently, the good news is that the repairs might be covered by your car insurance provider. Here’s what you need to know before you file a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does car insurance cover rodents chewing on wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although the specifics vary by policy, some car insurance policies may cover rodent damage to car wiring. If your policy has comprehensive coverage, you may be able to file a claim for rodents chewing car wires on insurance. Comprehensive coverage is a type of coverage that can be added to your policy and covers vehicle damage that is not covered under collision coverage—that is, damage to your vehicle not caused by an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Comprehensive provides coverage for vandalism, theft, weather damage, fire damage and damage caused by wild animals. Although you probably expect comprehensive coverage to cover damages caused by hitting a larger animal, like a deer, damages from animals of all types and sizes are typically covered, even if the damage is caused by rodents. Although a certified mechanic will need to confirm that rodents did cause the damage, the repairs for squirrels, mice or rats chewing car wires should be covered under a comprehensive claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Do I have comprehensive coverage?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before you try to file a claim for rodents chewing car wires, you will first need to confirm you have comprehensive coverage. The quickest way to confirm this coverage is to check your policy declarations page. Some auto insurance companies call this coverage “comprehensive” while others may call it “other than collision” coverage. This coverage typically applies a deductible but not all carriers require one. If you are still unsure, you can always call your insurance agent to check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>About 80 percent of U.S. drivers carry comprehensive coverage, according to the Insurance Information Institute (Triple-I). While comprehensive is considered an optional coverage, it is typically required if you have a car loan or lease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why do rodents chew on car wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pest control companies explain that rodents chew on car wires simply because they are always chewing. Rodent’s teeth are constantly growing and to keep them from getting too long or too sharp, rodents must continually chew to wear down their teeth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For a long time, many people believed that vehicle wiring contained materials that rodents liked to chew, but this is just a myth. If a rodent has already set up shop in your hood, the reason they chew through your wires is purely convenience — the wires are right there and easily available to them. More recently, there’s been debate (and even class-action lawsuits) blaming vehicle manufacturers for rodents munching on car wires since several car companies have switched from petroleum-based to soy-based wiring to become more environmentally friendly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Ways to protect your car from rodents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although knowing your comprehensive coverage may pay for damage caused by rodents should give you peace of mind, it is easier to avoid the hassle of rodent damage in the first place. Luckily, there are steps you can take to help prevent rodents from crawling into your car’s hood and causing destruction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Park inside.</strong>&nbsp;If your home has one, always park your car inside a sealed garage. Make sure that you keep exterior doors shut as often as possible and do not keep trash bins, pet food, bird seed or other items that may attract rodents, inside the garage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep your car clean.</strong>&nbsp;Trash, food wrappers and other debris that could serve as a food source may draw rodents into your vehicle. If you regularly keep the interior and exterior clean, rodents are less likely to find your vehicle an attractive option for residence.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use repellants.</strong>&nbsp;If you cannot park inside or live near a wooded or grassy area where rodents are known to frequent, you might want to take precaution by utilizing rodent repellents such as moth balls, peppermint oil or other items with a strong scent. You can always check with a local pest control specialist and your mechanic to make sure a product is safe and effective for use. You can even purchase specialized tape to go around your wires that is coated in an offensive flavor that may deter further chewing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Move your car frequently.</strong> Rodents like to nest in enclosed spaces and your car hood may look like a great option if it is always sitting in the same place, especially during colder months. Even if you are working from home and do not drive very often, try to start your car on a regular basis to deter any unwanted animals from crawling inside.</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/rodents-chewing-wires/#frequently-asked-questions\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Rodents Chewing Wires?','','publish','closed','closed','','does-car-insurance-cover-rodents-chewing-wires','','','2023-12-28 19:18:56','2023-12-28 19:18:56','',0,'https://smartinsurance.tips/?p=3734',0,'post','',0),(3735,1,'2023-12-28 19:18:02','2023-12-28 19:18:02','','Untitled-23','','inherit','closed','closed','','untitled-23-2','','','2023-12-28 19:18:02','2023-12-28 19:18:02','',3734,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-23.png',0,'attachment','image/png',0),(3736,1,'2023-12-28 19:18:56','2023-12-28 19:18:56','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3735,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-23-1024x1024.png\" alt=\"\" class=\"wp-image-3735\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Mice, rats, squirrels and other rodents have a bad reputation for crawling under car hoods and chewing through engine wires. Depending on which wires they’ve chewed and how much damage they’ve caused, this type of behavior could result in expensive repairs for vehicle owners. If rodents have raided your car recently, the good news is that the repairs might be covered by your car insurance provider. Here’s what you need to know before you file a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does car insurance cover rodents chewing on wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although the specifics vary by policy, some car insurance policies may cover rodent damage to car wiring. If your policy has comprehensive coverage, you may be able to file a claim for rodents chewing car wires on insurance. Comprehensive coverage is a type of coverage that can be added to your policy and covers vehicle damage that is not covered under collision coverage—that is, damage to your vehicle not caused by an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Comprehensive provides coverage for vandalism, theft, weather damage, fire damage and damage caused by wild animals. Although you probably expect comprehensive coverage to cover damages caused by hitting a larger animal, like a deer, damages from animals of all types and sizes are typically covered, even if the damage is caused by rodents. Although a certified mechanic will need to confirm that rodents did cause the damage, the repairs for squirrels, mice or rats chewing car wires should be covered under a comprehensive claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Do I have comprehensive coverage?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before you try to file a claim for rodents chewing car wires, you will first need to confirm you have comprehensive coverage. The quickest way to confirm this coverage is to check your policy declarations page. Some auto insurance companies call this coverage “comprehensive” while others may call it “other than collision” coverage. This coverage typically applies a deductible but not all carriers require one. If you are still unsure, you can always call your insurance agent to check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>About 80 percent of U.S. drivers carry comprehensive coverage, according to the Insurance Information Institute (Triple-I). While comprehensive is considered an optional coverage, it is typically required if you have a car loan or lease.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why do rodents chew on car wires?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Pest control companies explain that rodents chew on car wires simply because they are always chewing. Rodent’s teeth are constantly growing and to keep them from getting too long or too sharp, rodents must continually chew to wear down their teeth.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For a long time, many people believed that vehicle wiring contained materials that rodents liked to chew, but this is just a myth. If a rodent has already set up shop in your hood, the reason they chew through your wires is purely convenience — the wires are right there and easily available to them. More recently, there’s been debate (and even class-action lawsuits) blaming vehicle manufacturers for rodents munching on car wires since several car companies have switched from petroleum-based to soy-based wiring to become more environmentally friendly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Ways to protect your car from rodents</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Although knowing your comprehensive coverage may pay for damage caused by rodents should give you peace of mind, it is easier to avoid the hassle of rodent damage in the first place. Luckily, there are steps you can take to help prevent rodents from crawling into your car’s hood and causing destruction.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Park inside.</strong>&nbsp;If your home has one, always park your car inside a sealed garage. Make sure that you keep exterior doors shut as often as possible and do not keep trash bins, pet food, bird seed or other items that may attract rodents, inside the garage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Keep your car clean.</strong>&nbsp;Trash, food wrappers and other debris that could serve as a food source may draw rodents into your vehicle. If you regularly keep the interior and exterior clean, rodents are less likely to find your vehicle an attractive option for residence.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Use repellants.</strong>&nbsp;If you cannot park inside or live near a wooded or grassy area where rodents are known to frequent, you might want to take precaution by utilizing rodent repellents such as moth balls, peppermint oil or other items with a strong scent. You can always check with a local pest control specialist and your mechanic to make sure a product is safe and effective for use. You can even purchase specialized tape to go around your wires that is coated in an offensive flavor that may deter further chewing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Move your car frequently.</strong> Rodents like to nest in enclosed spaces and your car hood may look like a great option if it is always sitting in the same place, especially during colder months. Even if you are working from home and do not drive very often, try to start your car on a regular basis to deter any unwanted animals from crawling inside.</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/rodents-chewing-wires/#frequently-asked-questions\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Rodents Chewing Wires?','','inherit','closed','closed','','3734-revision-v1','','','2023-12-28 19:18:56','2023-12-28 19:18:56','',3734,'https://smartinsurance.tips/?p=3736',0,'revision','',0),(3737,1,'2023-12-28 19:23:17','2023-12-28 19:23:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3738,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-25-1024x1024.png\" alt=\"\" class=\"wp-image-3738\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The longer you own your car, the more likely it will develop scratches. But when someone intentionally keys your car, that’s vandalism. Not only is cosmetic damage frustrating, it can be expensive to fix. However, if you have the right car insurance coverage in place, you may be able to file a claim for a keyed car and have the carrier pay for most, or all, of the damage. Understanding your policy options and the coverage to have in place to cover the damage on a keyed car can help you decide whether or not to file a claim for a keyed car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will insurance cover a keyed car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance will cover a keyed car, with the right coverage in place. If you have comprehensive coverage on your auto policy that provides coverage against theft, vandalism and weather-related damage, then you can file a claim if your vehicle is keyed. If you have full coverage, then you likely have comprehensive insurance on your policy. This means that if you only have liability insurance, your keyed car will not be covered through your auto insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though it may seem minor, keyed vehicles are often costly to repair. In many cases, the cost may be $1,000 or more. You might be able to find the perpetrator to cover the damage, but if that is unlikely, working with your auto insurer may be the route to go to repair your vehicle. However, depending on the comprehensive deductible you selected when setting up your auto policy, you may not be able to file a claim if your deductible is higher than the repair costs to fix your vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will making a claim on my keyed car affect my premium?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An important consideration before filing a claim is how it may affect your premiums. It is not surprising if your cost of car insurance increases after you file a claim, regardless of how minor the issue. When you file a claim for your keyed car, the cost of your premiums may increase upon your policy’s renewal, though it probably will not be as high as after an at-fault accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your annual rates are most likely to rise if you file more than one claim within a short time. If you have one claim on record in the last two years and file another one, your premiums have the highest chance of being affected. Insurance companies make up for the cost paid in claims with an increased premium, even if the expenses were for minor cosmetic damage that you are not at fault for. Therefore, if you are trying to save money by getting your auto insurer to pay for the repair expenses of your keyed car, remember that you may end up paying a higher premium for the next few years to offset the insurance company’s out-of-pocket costs for the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What do I do if someone keys my car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The process of filing a claim in case of a keyed car is much the same as any other damage. Some of the steps to take include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Document the incident by time and place, and take photos and videos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>File a police report</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inform your insurance company if you have comprehensive coverage</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Send your vehicle to a repair shop for inspection</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you decide to file a claim, your auto insurer will either reimburse you after you have paid the mechanic, or the insurer might pay its portion of the claim to the mechanic directly. Regardless, the payment from your insurer will be minus your comprehensive deductible. For example, you would have to pay the difference between the amount owed to the repair shop and what was paid by your auto insurer out of pocket to cover your deductible. With a $500 comprehensive deductible and a $1,500 damage claim, you would pay the $500 deductible to the repair shop and the insurer would pay the remaining $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/keyed-cars/#what-to-do\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Keyed Cars?','','publish','closed','closed','','does-car-insurance-cover-keyed-cars','','','2023-12-28 19:23:17','2023-12-28 19:23:17','',0,'https://smartinsurance.tips/?p=3737',0,'post','',0),(3738,1,'2023-12-28 19:21:48','2023-12-28 19:21:48','','Untitled-25','','inherit','closed','closed','','untitled-25-2','','','2023-12-28 19:21:48','2023-12-28 19:21:48','',3737,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-25.png',0,'attachment','image/png',0),(3739,1,'2023-12-28 19:23:17','2023-12-28 19:23:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3738,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-25-1024x1024.png\" alt=\"\" class=\"wp-image-3738\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>The longer you own your car, the more likely it will develop scratches. But when someone intentionally keys your car, that’s vandalism. Not only is cosmetic damage frustrating, it can be expensive to fix. However, if you have the right car insurance coverage in place, you may be able to file a claim for a keyed car and have the carrier pay for most, or all, of the damage. Understanding your policy options and the coverage to have in place to cover the damage on a keyed car can help you decide whether or not to file a claim for a keyed car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will insurance cover a keyed car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your insurance will cover a keyed car, with the right coverage in place. If you have comprehensive coverage on your auto policy that provides coverage against theft, vandalism and weather-related damage, then you can file a claim if your vehicle is keyed. If you have full coverage, then you likely have comprehensive insurance on your policy. This means that if you only have liability insurance, your keyed car will not be covered through your auto insurer.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though it may seem minor, keyed vehicles are often costly to repair. In many cases, the cost may be $1,000 or more. You might be able to find the perpetrator to cover the damage, but if that is unlikely, working with your auto insurer may be the route to go to repair your vehicle. However, depending on the comprehensive deductible you selected when setting up your auto policy, you may not be able to file a claim if your deductible is higher than the repair costs to fix your vehicle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Will making a claim on my keyed car affect my premium?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>An important consideration before filing a claim is how it may affect your premiums. It is not surprising if your cost of car insurance increases after you file a claim, regardless of how minor the issue. When you file a claim for your keyed car, the cost of your premiums may increase upon your policy’s renewal, though it probably will not be as high as after an at-fault accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your annual rates are most likely to rise if you file more than one claim within a short time. If you have one claim on record in the last two years and file another one, your premiums have the highest chance of being affected. Insurance companies make up for the cost paid in claims with an increased premium, even if the expenses were for minor cosmetic damage that you are not at fault for. Therefore, if you are trying to save money by getting your auto insurer to pay for the repair expenses of your keyed car, remember that you may end up paying a higher premium for the next few years to offset the insurance company’s out-of-pocket costs for the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What do I do if someone keys my car?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The process of filing a claim in case of a keyed car is much the same as any other damage. Some of the steps to take include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Document the incident by time and place, and take photos and videos</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>File a police report</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inform your insurance company if you have comprehensive coverage</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Send your vehicle to a repair shop for inspection</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you decide to file a claim, your auto insurer will either reimburse you after you have paid the mechanic, or the insurer might pay its portion of the claim to the mechanic directly. Regardless, the payment from your insurer will be minus your comprehensive deductible. For example, you would have to pay the difference between the amount owed to the repair shop and what was paid by your auto insurer out of pocket to cover your deductible. With a $500 comprehensive deductible and a $1,500 damage claim, you would pay the $500 deductible to the repair shop and the insurer would pay the remaining $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/insurance/car/keyed-cars/#what-to-do\">click here.</a></p>\n<!-- /wp:paragraph -->','Does Car Insurance Cover Keyed Cars?','','inherit','closed','closed','','3737-revision-v1','','','2023-12-28 19:23:17','2023-12-28 19:23:17','',3737,'https://smartinsurance.tips/?p=3739',0,'revision','',0),(3740,1,'2023-12-28 19:39:54','2023-12-28 19:39:54','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3741,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-24-1024x1024.png\" alt=\"\" class=\"wp-image-3741\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Accident insurance pays benefits if you sustain injuries or die in an accident. This type of insurance does not typically cover health care costs associated with an illness, and does not pay a death benefit when the insured dies of natural causes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-2\">What Is Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident. Accident insurance policies typically have a fixed payout amount and do not cover costs associated with illness. Accident insurance policies do not replace health or life insurance, but can supplement those coverages.&nbsp;Accident insurance is inexpensive, readily available, and fairly easy to obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Let’s say Jane has a $500,000 accident insurance policy. If Jane dies in a car accident, her accident insurance policy will pay her beneficiary $500,000. If she dies of cancer, however, her accident insurance policy will pay nothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">Understanding Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Unlike life insurance, accident insurance typically does not require underwriting. That means you can sign up for coverage offered in a group plan or purchase a personal policy without taking a medical examination.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If you paid the premiums, accident insurance policy benefits are tax exempt. Payouts from an insurance policy taken out through your employer also are not taxed if you paid the premiums with after-tax dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What Accident Insurance Covers</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Accident insurance covers accidental deaths and a wide range of injuries that may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>Concussion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dislocation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dismemberment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Eye injury</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fracture</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Laceration</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ruptured disc</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Severe burn</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Torn knee cartilage</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_1-0-16\">Accident Insurance Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">If you’re disabled in a covered accident and unable to work, accident insurance can help replace your income. Accident insurance can also pay other expenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-19\"><!-- wp:list-item -->\n<li>Alternative treatments</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ambulance service</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bereavement and trauma counseling</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Emergency room services</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hospital admission fees</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inpatient rehabilitation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical appliances</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical tests</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some types of surgery</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: When an insured person dies due to a covered accident, their beneficiary receives a lump-sum payment. Some insurers also give beneficiaries the option to receive monthly payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">Exclusions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">Like all types of insurance, accident insurance comes with exclusions. For instance, a policy may not pay if the insured sustains an injury while intoxicated or committing a crime. Policies may also exclude injuries caused by a prior illness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Other common exclusions include death or injuries caused or sustained by:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li>Taking part in a war</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Learning to fly an airplane</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving without a driver’s license</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Engaging in hazardous sports such as rock climbing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Suicide or intentional injuries</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An overdose of a drug or chemical not prescribed by a physician</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_1-0-29\">Payouts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If a person with accident insurance dies due to a covered loss, the insurance company would pay 100% of the policy\'s principal sum. For example, if the insured carried a $500,000 accident insurance policy and died in a car accident, their beneficiary would receive a $500,000 payout. However, accident insurance pays a lower percentage for other types of injuries. For example, if you lose a hand in an accident, a policy may pay 50% of its principal sum; if you lose an index finger, it may pay just 25%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: You would receive a payout from your accident insurance regardless of fault, unless specifically excluded. For example, if the insured died in a car accident while driving drunk, the insurer would most likely deny the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">Family Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Some accident insurance plans allow you to add a spouse or partner and dependent children. However, a plan may only provide full coverage for the policyholder. For instance, a policy might only offer 50% coverage for domestic partners and spouses, and 15% coverage for each dependent child.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">If an accident injures or kills everyone covered by an accident insurance policy, it will only pay up to the coverage limit. For instance, if a family of four has a $100,000 policy, and all four sustain serious injuries in a boating accident, the insurer will pay a maximum of $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Cost of Accident Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Depending on the insurer or employee benefits plan, you can usually purchase accident insurance in increments of $10,000 to $50,000. Typically, the coverage is very affordable. For example, some employer-based group accident insurance plans offer $50,000 in individual coverage for as little as $1.25 per month and $500,000 in family coverage for around $17.50 per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-41\">Do I Need Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Since it\'s generally affordable, buying accident insurance is something to consider. But certain individuals and families are specifically encouraged to carry accident insurance, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-44\"><!-- wp:list-item -->\n<li>Those who don’t have adequate health insurance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with a single breadwinner</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with young children</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with an active lifestyle</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with a limited budget for unforeseen medical expenses</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">Other Important Coverages</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Accident insurance is a type of supplemental insurance, and since it only pays when you’re injured or killed in an accident, it does not provide all the protection you need. You may also wish to consider purchasing disability, life, and health insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-49\"><!-- wp:list-item -->\n<li><strong>Disability insurance</strong>: Disability insurance helps replace a portion of your income if you’re disabled by an illness or injury. You can purchase short-term disability coverage, which could cover disabilities that last up to two years, or long-term coverage, which can pay lifetime benefits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Health insurance</strong>: Health insurance provides a more comprehensive set of benefits. With this type of policy, after paying a deductible out of pocket, the insurer covers a portion of your health care costs. Typically, health insurance policies cover expenses such as emergency services, hospitalization, maternity and newborn care, laboratory services, mental health and substance abuse services, pediatric care, and preventive services.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Life insurance</strong>: Life insurance pays a death benefit to one or more beneficiaries when the insured dies, even by natural causes. You can purchase life insurance for a specific period or lifetime coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-51\">The Bottom Line on Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">According to the Centers for Disease Control and Prevention, emergency departments treated nearly 98 million unintentional injuries in 2018. Injuries are the fourth leading cause of death, taking the lives of nearly 201,000 people each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Buying accident insurance makes good financial sense, especially if you have loved ones who depend on your income. It’s affordable, doesn’t require taking a medical examination, and is readily available through insurance companies and many employee benefits plans.</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>Accident insurance only pays a benefit when the insured sustains injuries or dies due to an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This type of coverage comes with exclusions and does not typically cover illness-related expenses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance does not require a medical examination.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can purchase accident insurance through an insurance company as well as through some employer group plans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance is affordable and available for individuals and families.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-accident-insurance-5219880\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Accident Insurance?','','publish','closed','closed','','what-is-accident-insurance','','','2023-12-28 19:39:54','2023-12-28 19:39:54','',0,'https://smartinsurance.tips/?p=3740',0,'post','',0),(3741,1,'2023-12-28 19:37:01','2023-12-28 19:37:01','','Untitled-24','','inherit','closed','closed','','untitled-24','','','2023-12-28 19:37:01','2023-12-28 19:37:01','',3740,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-24.png',0,'attachment','image/png',0),(3742,1,'2023-12-28 19:39:54','2023-12-28 19:39:54','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3741,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-24-1024x1024.png\" alt=\"\" class=\"wp-image-3741\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">Accident insurance pays benefits if you sustain injuries or die in an accident. This type of insurance does not typically cover health care costs associated with an illness, and does not pay a death benefit when the insured dies of natural causes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-2\">What Is Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Accident insurance is a type of insurance that only pays when the insured dies or suffers injuries in an accident. Accident insurance policies typically have a fixed payout amount and do not cover costs associated with illness. Accident insurance policies do not replace health or life insurance, but can supplement those coverages.&nbsp;Accident insurance is inexpensive, readily available, and fairly easy to obtain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">Let’s say Jane has a $500,000 accident insurance policy. If Jane dies in a car accident, her accident insurance policy will pay her beneficiary $500,000. If she dies of cancer, however, her accident insurance policy will pay nothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">Understanding Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">Unlike life insurance, accident insurance typically does not require underwriting. That means you can sign up for coverage offered in a group plan or purchase a personal policy without taking a medical examination.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If you paid the premiums, accident insurance policy benefits are tax exempt. Payouts from an insurance policy taken out through your employer also are not taxed if you paid the premiums with after-tax dollars.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What Accident Insurance Covers</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">Accident insurance covers accidental deaths and a wide range of injuries that may include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>Concussion</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dislocation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Dismemberment</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Eye injury</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fracture</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Laceration</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ruptured disc</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Severe burn</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Torn knee cartilage</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_1-0-16\">Accident Insurance Benefits</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">If you’re disabled in a covered accident and unable to work, accident insurance can help replace your income. Accident insurance can also pay other expenses, such as:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-19\"><!-- wp:list-item -->\n<li>Alternative treatments</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Ambulance service</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bereavement and trauma counseling</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Emergency room services</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Hospital admission fees</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Inpatient rehabilitation</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical appliances</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical tests</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some types of surgery</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: When an insured person dies due to a covered accident, their beneficiary receives a lump-sum payment. Some insurers also give beneficiaries the option to receive monthly payments.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">Exclusions</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">Like all types of insurance, accident insurance comes with exclusions. For instance, a policy may not pay if the insured sustains an injury while intoxicated or committing a crime. Policies may also exclude injuries caused by a prior illness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Other common exclusions include death or injuries caused or sustained by:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-27\"><!-- wp:list-item -->\n<li>Taking part in a war</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Learning to fly an airplane</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving without a driver’s license</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Engaging in hazardous sports such as rock climbing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Suicide or intentional injuries</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An overdose of a drug or chemical not prescribed by a physician</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_1-0-29\">Payouts</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If a person with accident insurance dies due to a covered loss, the insurance company would pay 100% of the policy\'s principal sum. For example, if the insured carried a $500,000 accident insurance policy and died in a car accident, their beneficiary would receive a $500,000 payout. However, accident insurance pays a lower percentage for other types of injuries. For example, if you lose a hand in an accident, a policy may pay 50% of its principal sum; if you lose an index finger, it may pay just 25%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: You would receive a payout from your accident insurance regardless of fault, unless specifically excluded. For example, if the insured died in a car accident while driving drunk, the insurer would most likely deny the claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">Family Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Some accident insurance plans allow you to add a spouse or partner and dependent children. However, a plan may only provide full coverage for the policyholder. For instance, a policy might only offer 50% coverage for domestic partners and spouses, and 15% coverage for each dependent child.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">If an accident injures or kills everyone covered by an accident insurance policy, it will only pay up to the coverage limit. For instance, if a family of four has a $100,000 policy, and all four sustain serious injuries in a boating accident, the insurer will pay a maximum of $100,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Cost of Accident Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">Depending on the insurer or employee benefits plan, you can usually purchase accident insurance in increments of $10,000 to $50,000. Typically, the coverage is very affordable. For example, some employer-based group accident insurance plans offer $50,000 in individual coverage for as little as $1.25 per month and $500,000 in family coverage for around $17.50 per month.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-41\">Do I Need Accident Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">Since it\'s generally affordable, buying accident insurance is something to consider. But certain individuals and families are specifically encouraged to carry accident insurance, including:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-44\"><!-- wp:list-item -->\n<li>Those who don’t have adequate health insurance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with a single breadwinner</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Families with young children</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with an active lifestyle</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>People with a limited budget for unforeseen medical expenses</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">Other Important Coverages</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Accident insurance is a type of supplemental insurance, and since it only pays when you’re injured or killed in an accident, it does not provide all the protection you need. You may also wish to consider purchasing disability, life, and health insurance policies.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-49\"><!-- wp:list-item -->\n<li><strong>Disability insurance</strong>: Disability insurance helps replace a portion of your income if you’re disabled by an illness or injury. You can purchase short-term disability coverage, which could cover disabilities that last up to two years, or long-term coverage, which can pay lifetime benefits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Health insurance</strong>: Health insurance provides a more comprehensive set of benefits. With this type of policy, after paying a deductible out of pocket, the insurer covers a portion of your health care costs. Typically, health insurance policies cover expenses such as emergency services, hospitalization, maternity and newborn care, laboratory services, mental health and substance abuse services, pediatric care, and preventive services.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Life insurance</strong>: Life insurance pays a death benefit to one or more beneficiaries when the insured dies, even by natural causes. You can purchase life insurance for a specific period or lifetime coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-51\">The Bottom Line on Accident Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-52\">According to the Centers for Disease Control and Prevention, emergency departments treated nearly 98 million unintentional injuries in 2018. Injuries are the fourth leading cause of death, taking the lives of nearly 201,000 people each year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Buying accident insurance makes good financial sense, especially if you have loved ones who depend on your income. It’s affordable, doesn’t require taking a medical examination, and is readily available through insurance companies and many employee benefits plans.</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>Accident insurance only pays a benefit when the insured sustains injuries or dies due to an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This type of coverage comes with exclusions and does not typically cover illness-related expenses.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance does not require a medical examination.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can purchase accident insurance through an insurance company as well as through some employer group plans.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Accident insurance is affordable and available for individuals and families.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-accident-insurance-5219880\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Accident Insurance?','','inherit','closed','closed','','3740-revision-v1','','','2023-12-28 19:39:54','2023-12-28 19:39:54','',3740,'https://smartinsurance.tips/?p=3742',0,'revision','',0),(3743,1,'2023-12-28 19:46:21','2023-12-28 19:46:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3744,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1024x1024.png\" alt=\"\" class=\"wp-image-3744\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Collateral protection insurance</strong>&nbsp;is used by lenders to protect themselves in case a car-loan borrower fails to carry auto insurance on the vehicle covered by the auto loan. The insurance covers the lender, and not you, and is often much more expensive than an auto insurance policy you can purchase on your own.</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>Collateral protection insurance is a policy that a lender takes out to protect itself from the loss of a financed vehicle if the borrower does not obtain adequate insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This kind of insurance is more expensive than auto insurance coverage the borrower could purchase on their own, and it is designed to protect the lender and not the borrower.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lenders have the legal right to institute CPI coverage if the borrower does not provide proof of insurance. However, the lender must give the borrower fair warning, both in the loan agreement and via requests for proof of insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can avoid CPI by purchasing your own auto insurance coverage and making sure there are no lapses during the life of the loan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-1\">Definition and Examples of Collateral Protection Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Collateral protection insurance is used by both mortgage lenders and auto lenders when a borrower has failed to provide proof of insurance. This sort of coverage may also be called creditor-placed insurance, lender-placed insurance, or force-placed insurance.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">This kind of insurance policy is purchased by a lender to protect itself from the potential loss of the vehicle if the borrower has not shown proof of adequate insurance, or has had coverage lapse or canceled. Carrying a certain level of auto insurance is generally required per the loan agreement.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Lenders have a legal right to purchase insurance to protect the collateral—and bill the borrower for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If your lender gets collateral protection insurance for your vehicle, it will charge you for the policy, generally by folding the premiums into your monthly loan payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Acronym:</strong>&nbsp;CPI</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternate names</strong>: forced car insurance, lender-placed insurance, creditor-placed insurance, force-placed insurance</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">How Collateral Protection Insurance Works&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In general, auto loans require the borrower to carry collision or comprehensive auto insurance coverage, at least until the loan is paid off. The lender asks the borrower for proof of insurance, and if none is given, the lender will first remind the borrower that providing such proof of insurance is necessary.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">If the borrower fails to show adequate proof of insurance after such a reminder, the lender may then choose to place collateral protection insurance on the vehicle. The cost of this coverage is then passed along to the borrower.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This sort of insurance will repair damage or replace the vehicle up to the current value of the auto loan. But keep in mind that this coverage is only to protect the lender, not you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: With collateral protection insurance, the lender knows it can recoup the value of the vehicle in case of an accident. But you will be paying premiums without ever getting the benefit of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">Is Lender-Placed Insurance Legal?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">The federal Consumer Financial Protection Bureau (CFPB) does allow lenders to impose CPI on borrowers who do not provide adequate proof of insurance. In terms of auto insurance, it’s important to remember that the state minimums for insurance coverage may not be sufficient to meet your lender’s coverage requirements. Some lenders will track their financed cars’ insurance coverage to determine if any borrowers have allowed their policies to lapse or have neglected to get one. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Though your lender does have the right to place collateral protection insurance on your loan, it cannot do this without warning. To start, the lender’s right to impose CPI without sufficient proof of insurance will likely be written into your loan agreement. In addition, the CFPB requires that lenders provide notice forms to borrowers without insurance so those borrowers can rectify the situation before the lender purchases a CPI policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does CPI Coverage Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The costs for CPI vary from state to state and lender to lender. However, you can expect CPI to be much more expensive than auto insurance that you purchase on your own. There are a couple of reasons for this.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">First, there is no opportunity for you to shop around to find the best deal. The policy the lender chooses is the one you get. In addition, borrowers who do not have their own coverage are considered higher-risk by insurance companies, so the premiums for CPI coverage are generally higher.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Though this kind of insurance is more expensive than purchasing your own policy, don’t forget that refusing to pay CPI could result in your car being repossessed by the lender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-30\">How to Avoid Forced Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">Buying your own auto insurance and adding the lender to your policy as the lienholder should meet the insurance requirements spelled out in your loan document, which will protect you from force-placed auto insurance. Make sure you do not have any lapses in coverage, even for a short period of time, because you may be required to retroactively pay for CPI coverage during the lapsed period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you are charged collateral protection insurance in error, give your lender the documentation proving that you have adequate insurance in place and request that it cancel the CPI coverage purchased on your vehicle. However, even if the lender is at fault, make sure you pay the CPI premiums until the mistake is rectified because refusing to pay could result in your vehicle being repossessed. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-collateral-protection-insurance-5184440\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Collateral Protection Insurance?','','publish','closed','closed','','what-is-collateral-protection-insurance','','','2023-12-28 19:46:21','2023-12-28 19:46:21','',0,'https://smartinsurance.tips/?p=3743',0,'post','',0),(3744,1,'2023-12-28 19:44:42','2023-12-28 19:44:42','','Untitled-26','','inherit','closed','closed','','untitled-26','','','2023-12-28 19:44:42','2023-12-28 19:44:42','',3743,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26.png',0,'attachment','image/png',0),(3745,1,'2023-12-28 19:46:21','2023-12-28 19:46:21','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3744,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1024x1024.png\" alt=\"\" class=\"wp-image-3744\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>DEFINITION</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Collateral protection insurance</strong>&nbsp;is used by lenders to protect themselves in case a car-loan borrower fails to carry auto insurance on the vehicle covered by the auto loan. The insurance covers the lender, and not you, and is often much more expensive than an auto insurance policy you can purchase on your own.</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>Collateral protection insurance is a policy that a lender takes out to protect itself from the loss of a financed vehicle if the borrower does not obtain adequate insurance coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>This kind of insurance is more expensive than auto insurance coverage the borrower could purchase on their own, and it is designed to protect the lender and not the borrower.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Lenders have the legal right to institute CPI coverage if the borrower does not provide proof of insurance. However, the lender must give the borrower fair warning, both in the loan agreement and via requests for proof of insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can avoid CPI by purchasing your own auto insurance coverage and making sure there are no lapses during the life of the loan.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-1\">Definition and Examples of Collateral Protection Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Collateral protection insurance is used by both mortgage lenders and auto lenders when a borrower has failed to provide proof of insurance. This sort of coverage may also be called creditor-placed insurance, lender-placed insurance, or force-placed insurance.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">This kind of insurance policy is purchased by a lender to protect itself from the potential loss of the vehicle if the borrower has not shown proof of adequate insurance, or has had coverage lapse or canceled. Carrying a certain level of auto insurance is generally required per the loan agreement.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-6\">Lenders have a legal right to purchase insurance to protect the collateral—and bill the borrower for it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If your lender gets collateral protection insurance for your vehicle, it will charge you for the policy, generally by folding the premiums into your monthly loan payment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li><strong>Acronym:</strong>&nbsp;CPI</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Alternate names</strong>: forced car insurance, lender-placed insurance, creditor-placed insurance, force-placed insurance</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">How Collateral Protection Insurance Works&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">In general, auto loans require the borrower to carry collision or comprehensive auto insurance coverage, at least until the loan is paid off. The lender asks the borrower for proof of insurance, and if none is given, the lender will first remind the borrower that providing such proof of insurance is necessary.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">If the borrower fails to show adequate proof of insurance after such a reminder, the lender may then choose to place collateral protection insurance on the vehicle. The cost of this coverage is then passed along to the borrower.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This sort of insurance will repair damage or replace the vehicle up to the current value of the auto loan. But keep in mind that this coverage is only to protect the lender, not you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: With collateral protection insurance, the lender knows it can recoup the value of the vehicle in case of an accident. But you will be paying premiums without ever getting the benefit of a claim.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">Is Lender-Placed Insurance Legal?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">The federal Consumer Financial Protection Bureau (CFPB) does allow lenders to impose CPI on borrowers who do not provide adequate proof of insurance. In terms of auto insurance, it’s important to remember that the state minimums for insurance coverage may not be sufficient to meet your lender’s coverage requirements. Some lenders will track their financed cars’ insurance coverage to determine if any borrowers have allowed their policies to lapse or have neglected to get one. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">Though your lender does have the right to place collateral protection insurance on your loan, it cannot do this without warning. To start, the lender’s right to impose CPI without sufficient proof of insurance will likely be written into your loan agreement. In addition, the CFPB requires that lenders provide notice forms to borrowers without insurance so those borrowers can rectify the situation before the lender purchases a CPI policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">How Much Does CPI Coverage Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The costs for CPI vary from state to state and lender to lender. However, you can expect CPI to be much more expensive than auto insurance that you purchase on your own. There are a couple of reasons for this.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">First, there is no opportunity for you to shop around to find the best deal. The policy the lender chooses is the one you get. In addition, borrowers who do not have their own coverage are considered higher-risk by insurance companies, so the premiums for CPI coverage are generally higher.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: Though this kind of insurance is more expensive than purchasing your own policy, don’t forget that refusing to pay CPI could result in your car being repossessed by the lender.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-30\">How to Avoid Forced Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">Buying your own auto insurance and adding the lender to your policy as the lienholder should meet the insurance requirements spelled out in your loan document, which will protect you from force-placed auto insurance. Make sure you do not have any lapses in coverage, even for a short period of time, because you may be required to retroactively pay for CPI coverage during the lapsed period.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">If you are charged collateral protection insurance in error, give your lender the documentation proving that you have adequate insurance in place and request that it cancel the CPI coverage purchased on your vehicle. However, even if the lender is at fault, make sure you pay the CPI premiums until the mistake is rectified because refusing to pay could result in your vehicle being repossessed. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-is-collateral-protection-insurance-5184440\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is Collateral Protection Insurance?','','inherit','closed','closed','','3743-revision-v1','','','2023-12-28 19:46:21','2023-12-28 19:46:21','',3743,'https://smartinsurance.tips/?p=3745',0,'revision','',0),(3746,1,'2023-12-28 19:49:48','2023-12-28 19:49:48','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3747,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1-1024x1024.png\" alt=\"\" class=\"wp-image-3747\"/></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 a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Car rental agencies offer an optional collision damage waiver (CDW), which helps pay for damage to the rented car. This waiver is sometimes called a Loss Damage Waiver (LDW) or Physical Damage Waiver. The waiver’s cost depends on various factors, including the rental car type and where the vehicle is being driven.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Learn more about what a CDW does and doesn’t cover, how your insurance or credit cards may already protect you, and whether it’s worth getting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\"></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Car rental companies sell the collision damage waiver as an extra layer of coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To get a CDW, you’ll pay an additional daily fee for the duration of your car rental.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A CDW covers auto damage during your rental period and sometimes theft.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You could decline CDW if you have personal auto insurance with collision and comprehensive coverage or a credit card with primary rental car insurance coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">How Does a Collision Damage Waiver Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">A car rental company will typically offer a collision damage waiver when you reserve the automobile or pick up the rental car at the counter. If you choose not to get CDW, you must explicitly decline the optional coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">If you want to purchase a collision damage waiver, you’ll pay an additional daily fee on top of the rental car fee. The fee amount can depend on the car’s cost—for example, you may pay more per day for a very expensive vehicle.1</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">With the waiver, if the car is damaged, the agency waives its fees for repairing the car and any loss of use charges that add up while the rental vehicle undergoes repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Some agencies offer a partial damage waiver or a damage waiver with a deductible. These coverages cost less, but also only partially pay for any damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">If you’re in an accident with your rental car, you must promptly report the incident to the agency and, if necessary, to law enforcement. The car agency then picks up qualifying repair costs, and the incident isn’t reported to your insurance company—unless you were at fault in the accident or the agency says the damage or cause is excluded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">What Does a Collision Damage Waiver Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">A collision damage waiver typically covers losses from any damage to a rental car while in your possession. For example, if you drive around town and get into a fender bender, you won’t have to pay anything out of pocket for repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">A CDW will usually also cover the following types of car damage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-23\"><!-- wp:list-item -->\n<li>Accident</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalization</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fire&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Weather-related damage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The coverage also includes any damage to the car while parked, and accident-related towing. Rental agency coverage will typically also cover the agency’s administrative fees and any daily lost revenue due to the vehicle being out of rotation (also called loss of use).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">In some cases, however, you must purchase a separate theft protection plan to cover car theft. In other cases, state law may say you’re not responsible for theft or you’re only liable for a limited amount of vandalism- or theft-related causes, even if you didn’t buy any protection at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> You must check the specifics of a CDW offer and ask questions, as coverage and exceptions vary. For example, one policy may cover fire damage, while another does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-31\">What Collision Damage Waiver Does Not Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Collision Damage Waivers won’t cover:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Damage to other cars</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bodily injury to other people&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Injuries to you or your passengers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft or damage of your personal items in the vehicle</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Depending on the state where you’re renting the car, liability coverage (damage to other people or their vehicles) may be included in your rate or it may only kick in after the liability coverage through your personal insurance has been exhausted. Your personal auto policy or health insurance can also help cover you for injuries, while your homeowners policy may cover theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on where you’re renting the vehicle, the CDW may not cover interior damage to the car; lost, damaged or stolen keys or devices; or it may contain other exclusions. With some rental companies, a CDW excludes damage to the windshield, tires, and mirrors. Though these incidents may not be as serious, they are more common, and costs can increase quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">Waivers typically contain numerous exclusions that will lead to a breach of the rental agreement, in which case the CDW will not cover damage costs. These exclusions may be decided by your state and will be listed in your contract. Typical exclusions include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-42\"><!-- wp:list-item -->\n<li>Using a cellphone while driving&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Allowing non-authorized drivers to drive</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving into Mexico</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving recklessly or with risky behaviors, such as racing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Taking the rental car off-road (onto gravel roads or on beaches)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Participating in an activity that could be criminal (even if you weren’t charged)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Operating the vehicle while under the influence of alcohol or any controlled substance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Car theft resulting from not removing the keys or key fobs or closing and locking doors and windows</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How Much Does a Collision Damage Waiver Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Collision damage waivers are not expensive, but renting for a few days can increase your total cost by $100 or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Pricing varies depending on the rental company, location or state you’re renting, the vehicle type, and other factors. To give you an idea, we collected quotes from three rental car providers across three locations for an economy car in June 2023. We found the cost to average between $25 and $35 per day, rounded to the nearest dollar:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td><strong>Avis</strong></td><td><strong>Alamo</strong></td><td><strong>Thrifty</strong></td></tr><tr><td><strong>Orlando</strong></td><td>$31</td><td>$39</td><td>$35</td></tr><tr><td><strong>Las Vegas</strong></td><td>$27</td><td>$31</td><td>$29</td></tr><tr><td><strong>Boston</strong></td><td>$31</td><td>$25</td><td>$25</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">However, you may pay far more when renting more expensive vehicles, such as luxury cars.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-53\">Should You Get a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Deciding whether or not to get collision damage waiver depends on your coverage needs and risk tolerance. Declining the coverage may make you feel uneasy, especially if the representative at the rental counter makes the case that you could be taking a huge risk by not springing for the add-on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">However, a CDW may be unnecessary if you carry adequate coverage through another source, commonly your car insurance or credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-58\">Your Personal Car Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">If you have collision auto insurance on your personal vehicle, you likely have similar coverage when renting a car. These coverages protect any vehicle you’re driving, no matter who is at fault in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">However, your car insurance may not cover loss of use when the car is repaired, towing fees, or any of the rental company’s administrative expenses. Your insurance policy may only cover you up to a certain number of days, such as 30 days. Always call your insurance representative to find out how your coverage works when renting a car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">A CDW can reduce the risk of an incident being reported to your insurance and help you avoid paying your insurance’s deductible if you damage the car.  However, a credit card with secondary coverage can also cover the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> If you’re at fault in an accident and injure anyone or damage the other driver’s vehicle, your insurance company will find out about the incident when the driver makes a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-67\">Your Credit Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">Some credit card companies offer coverage for cardholders who use their credit card for the full rental cost of the vehicle. There are two different types of rental car protection provided by card issuers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\"><strong>Secondary rental car coverage</strong>: This is the most common type of coverage, and it picks up the deductible or other potential costs beyond what your auto policy covers. In some cases (if you don’t have a personal auto policy or you’re renting overseas), secondary rental car insurance becomes primary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\"><strong>Primary rental car coverage</strong>: This benefit is found only on some premium credit cards. If you get into an accident or there is some sort of rental car damage, you don’t have to file a claim with your auto insurance—your credit card covers the costs up to the car’s value or a fairly high limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-74\">Credit cards with rental car insurance include Capital One Venture X Rewards, many Chase Sapphire, United, and Ink cards, and American Express Premium Car Rental Protection plans, which you can add for each rental. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Credit card rental car insurance doesn’t extend to all autos, including luxury vehicles. Other exclusions may exist too—for example, rentals in certain countries. Read up on limitations or call your card representatives to avoid surprises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is a Collision Damage Waiver Worth It?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you don’t have a credit card offering rental car coverage, a collision damage waiver could save you from having to pay the deductible on your personal car insurance policy. If your deductible is significant, the few bucks extra per day might be worth the daily CDW expense. If you don’t have car insurance, it’s a smart idea since you may not have any coverage otherwise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What\'s the Difference Between a CDW and an LDW?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>CDW stands for Collision Damage Waiver, and LDW stands for Loss Damage Waiver. The latter may include theft and accident coverage, but even some companies that refer to their offer as a “CDW” may include theft. Verify the terms of your rental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Collision Damage Waiver Cover a Flat Tire?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It depends. A Collision Damage Waiver covers costs related to an accident, so tire repair is covered if you crash and end up with a flat tire. But if a tire leak occurs due to accidentally parking on broken glass, the flat tire’s costs may not be covered. Depending on the rental company and country of rental, you may be able to get a less-expensive glass and tire damage waiver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-84\">Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-85\">Deciding if a Collision Damage Waiver is worth it depends on your coverage and how much you value the benefit of adding a layer of protection. If you don’t have personal auto insurance or a credit card with coverage, then you should seriously consider paying for a CDW. What’s most important is that you take the time to understand your coverage options and their limitations so you can make an educated decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/c/collision-damage-waiver-cdw.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is a Collision Damage Waiver (CDW)? Definition and Coverage','','publish','closed','closed','','what-is-a-collision-damage-waiver-cdw-definition-and-coverage','','','2023-12-28 19:49:48','2023-12-28 19:49:48','',0,'https://smartinsurance.tips/?p=3746',0,'post','',0),(3747,1,'2023-12-28 19:46:57','2023-12-28 19:46:57','','Untitled-26-1','','inherit','closed','closed','','untitled-26-1','','','2023-12-28 19:46:57','2023-12-28 19:46:57','',3746,'http://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1.png',0,'attachment','image/png',0),(3748,1,'2023-12-28 19:49:48','2023-12-28 19:49:48','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3747,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2023/12/Untitled-26-1-1024x1024.png\" alt=\"\" class=\"wp-image-3747\"/></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 a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Car rental agencies offer an optional collision damage waiver (CDW), which helps pay for damage to the rented car. This waiver is sometimes called a Loss Damage Waiver (LDW) or Physical Damage Waiver. The waiver’s cost depends on various factors, including the rental car type and where the vehicle is being driven.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Learn more about what a CDW does and doesn’t cover, how your insurance or credit cards may already protect you, and whether it’s worth getting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\"></h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Car rental companies sell the collision damage waiver as an extra layer of coverage.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To get a CDW, you’ll pay an additional daily fee for the duration of your car rental.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A CDW covers auto damage during your rental period and sometimes theft.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You could decline CDW if you have personal auto insurance with collision and comprehensive coverage or a credit card with primary rental car insurance coverage.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">How Does a Collision Damage Waiver Work?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">A car rental company will typically offer a collision damage waiver when you reserve the automobile or pick up the rental car at the counter. If you choose not to get CDW, you must explicitly decline the optional coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">If you want to purchase a collision damage waiver, you’ll pay an additional daily fee on top of the rental car fee. The fee amount can depend on the car’s cost—for example, you may pay more per day for a very expensive vehicle.1</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">With the waiver, if the car is damaged, the agency waives its fees for repairing the car and any loss of use charges that add up while the rental vehicle undergoes repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Some agencies offer a partial damage waiver or a damage waiver with a deductible. These coverages cost less, but also only partially pay for any damages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">If you’re in an accident with your rental car, you must promptly report the incident to the agency and, if necessary, to law enforcement. The car agency then picks up qualifying repair costs, and the incident isn’t reported to your insurance company—unless you were at fault in the accident or the agency says the damage or cause is excluded.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">What Does a Collision Damage Waiver Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">A collision damage waiver typically covers losses from any damage to a rental car while in your possession. For example, if you drive around town and get into a fender bender, you won’t have to pay anything out of pocket for repairs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">A CDW will usually also cover the following types of car damage:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-23\"><!-- wp:list-item -->\n<li>Accident</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Vandalization</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fire&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Weather-related damage</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">The coverage also includes any damage to the car while parked, and accident-related towing. Rental agency coverage will typically also cover the agency’s administrative fees and any daily lost revenue due to the vehicle being out of rotation (also called loss of use).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-27\">In some cases, however, you must purchase a separate theft protection plan to cover car theft. In other cases, state law may say you’re not responsible for theft or you’re only liable for a limited amount of vandalism- or theft-related causes, even if you didn’t buy any protection at all.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> You must check the specifics of a CDW offer and ask questions, as coverage and exceptions vary. For example, one policy may cover fire damage, while another does not.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-31\">What Collision Damage Waiver Does Not Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">Collision Damage Waivers won’t cover:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-34\"><!-- wp:list-item -->\n<li>Damage to other cars</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Bodily injury to other people&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Injuries to you or your passengers</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Theft or damage of your personal items in the vehicle</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">Depending on the state where you’re renting the car, liability coverage (damage to other people or their vehicles) may be included in your rate or it may only kick in after the liability coverage through your personal insurance has been exhausted. Your personal auto policy or health insurance can also help cover you for injuries, while your homeowners policy may cover theft.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Depending on where you’re renting the vehicle, the CDW may not cover interior damage to the car; lost, damaged or stolen keys or devices; or it may contain other exclusions. With some rental companies, a CDW excludes damage to the windshield, tires, and mirrors. Though these incidents may not be as serious, they are more common, and costs can increase quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">Waivers typically contain numerous exclusions that will lead to a breach of the rental agreement, in which case the CDW will not cover damage costs. These exclusions may be decided by your state and will be listed in your contract. Typical exclusions include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-42\"><!-- wp:list-item -->\n<li>Using a cellphone while driving&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Allowing non-authorized drivers to drive</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving into Mexico</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Driving recklessly or with risky behaviors, such as racing</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Taking the rental car off-road (onto gravel roads or on beaches)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Participating in an activity that could be criminal (even if you weren’t charged)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Operating the vehicle while under the influence of alcohol or any controlled substance</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Car theft resulting from not removing the keys or key fobs or closing and locking doors and windows</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">How Much Does a Collision Damage Waiver Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">Collision damage waivers are not expensive, but renting for a few days can increase your total cost by $100 or more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Pricing varies depending on the rental company, location or state you’re renting, the vehicle type, and other factors. To give you an idea, we collected quotes from three rental car providers across three locations for an economy car in June 2023. We found the cost to average between $25 and $35 per day, rounded to the nearest dollar:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><tbody><tr><td></td><td><strong>Avis</strong></td><td><strong>Alamo</strong></td><td><strong>Thrifty</strong></td></tr><tr><td><strong>Orlando</strong></td><td>$31</td><td>$39</td><td>$35</td></tr><tr><td><strong>Las Vegas</strong></td><td>$27</td><td>$31</td><td>$29</td></tr><tr><td><strong>Boston</strong></td><td>$31</td><td>$25</td><td>$25</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">However, you may pay far more when renting more expensive vehicles, such as luxury cars.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-53\">Should You Get a Collision Damage Waiver?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-54\">Deciding whether or not to get collision damage waiver depends on your coverage needs and risk tolerance. Declining the coverage may make you feel uneasy, especially if the representative at the rental counter makes the case that you could be taking a huge risk by not springing for the add-on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-56\">However, a CDW may be unnecessary if you carry adequate coverage through another source, commonly your car insurance or credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-58\">Your Personal Car Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-59\">If you have collision auto insurance on your personal vehicle, you likely have similar coverage when renting a car. These coverages protect any vehicle you’re driving, no matter who is at fault in an accident.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-61\">However, your car insurance may not cover loss of use when the car is repaired, towing fees, or any of the rental company’s administrative expenses. Your insurance policy may only cover you up to a certain number of days, such as 30 days. Always call your insurance representative to find out how your coverage works when renting a car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">A CDW can reduce the risk of an incident being reported to your insurance and help you avoid paying your insurance’s deductible if you damage the car.  However, a credit card with secondary coverage can also cover the deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important:</strong> If you’re at fault in an accident and injure anyone or damage the other driver’s vehicle, your insurance company will find out about the incident when the driver makes a claim. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-67\">Your Credit Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">Some credit card companies offer coverage for cardholders who use their credit card for the full rental cost of the vehicle. There are two different types of rental car protection provided by card issuers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-70\"><strong>Secondary rental car coverage</strong>: This is the most common type of coverage, and it picks up the deductible or other potential costs beyond what your auto policy covers. In some cases (if you don’t have a personal auto policy or you’re renting overseas), secondary rental car insurance becomes primary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\"><strong>Primary rental car coverage</strong>: This benefit is found only on some premium credit cards. If you get into an accident or there is some sort of rental car damage, you don’t have to file a claim with your auto insurance—your credit card covers the costs up to the car’s value or a fairly high limit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-74\">Credit cards with rental car insurance include Capital One Venture X Rewards, many Chase Sapphire, United, and Ink cards, and American Express Premium Car Rental Protection plans, which you can add for each rental. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Credit card rental car insurance doesn’t extend to all autos, including luxury vehicles. Other exclusions may exist too—for example, rentals in certain countries. Read up on limitations or call your card representatives to avoid surprises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is a Collision Damage Waiver Worth It?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If you don’t have a credit card offering rental car coverage, a collision damage waiver could save you from having to pay the deductible on your personal car insurance policy. If your deductible is significant, the few bucks extra per day might be worth the daily CDW expense. If you don’t have car insurance, it’s a smart idea since you may not have any coverage otherwise.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What\'s the Difference Between a CDW and an LDW?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>CDW stands for Collision Damage Waiver, and LDW stands for Loss Damage Waiver. The latter may include theft and accident coverage, but even some companies that refer to their offer as a “CDW” may include theft. Verify the terms of your rental.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Collision Damage Waiver Cover a Flat Tire?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It depends. A Collision Damage Waiver covers costs related to an accident, so tire repair is covered if you crash and end up with a flat tire. But if a tire leak occurs due to accidentally parking on broken glass, the flat tire’s costs may not be covered. Depending on the rental company and country of rental, you may be able to get a less-expensive glass and tire damage waiver.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-84\">Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-85\">Deciding if a Collision Damage Waiver is worth it depends on your coverage and how much you value the benefit of adding a layer of protection. If you don’t have personal auto insurance or a credit card with coverage, then you should seriously consider paying for a CDW. What’s most important is that you take the time to understand your coverage options and their limitations so you can make an educated decision.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/c/collision-damage-waiver-cdw.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Is a Collision Damage Waiver (CDW)? Definition and Coverage','','inherit','closed','closed','','3746-revision-v1','','','2023-12-28 19:49:48','2023-12-28 19:49:48','',3746,'https://smartinsurance.tips/?p=3748',0,'revision','',0),(3750,1,'2024-01-24 15:07:49','2024-01-24 15:07:49','<!-- wp:paragraph -->\n<p>In today’s economy, are you looking for ways to be more money smart with your family budget? If so, you’re not alone. </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\":3751,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-42-1024x1024.png\" alt=\"\" class=\"wp-image-3751\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Below, Carrington Dean share the best ways to be money smart with the family budget. Through Trust Deeds, Carrington Dean have helped countless families beat debt. If you are struggling, don’t struggle alone! Visit their site for more information and discover the pros and cons of a Trust Deed. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of ways to save money without feeling like you’re missing out. Check out these money smart tips for getting started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. Review your family budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is a good idea to review your family budget on a regular basis, at least once every few months. This will help ensure that your finances are on track and that you are not overspending. There may be some areas where you can cut back, or you may find that you need to adjust your budget to reflect changes in your family circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. Make a plan</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating your family budget, it is important to have a plan. You need to know what your income is and where all of your money is going. You can create a budget plan in Excel using templates or make one from scratch. This will help you to make informed choices about how to spend your money and where to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. Know where to cut back</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are likely areas in your family budget where you can cut back. For example, you may be able to save money by eating out less often or cutting back on your grocery budget. By knowing where you can cut back, you can free up more money to save or to spend on other things.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. Prioritize your spending</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are budgeting, it is important to prioritize your spending. You may need to cut back in some areas, but there are likely other areas where you can continue to spend. For example, you may want to prioritize your child’s education or your family’s health care.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. Save money where you can</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to save money. This may mean putting away money into a savings account or investing in a long-term financial goal. By saving money, you will be able to build up a cushion that can help you in case of an emergency or unexpected expense.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. Live within your means</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to live within your means when you are on a family budget. This means not spending more money than you have coming in. If you find that you are consistently overspending, you may need to adjust your budget or find ways to make more money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. Avoid debt</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to avoid debt. This can be difficult when you are on a family budget, but it is important to remember that debt can quickly get out of control. If you find that you are struggling to pay off your debts, you may need to seek help from a financial advisor or credit counseling service. The ever-increasing living costs have created a vicious cycle of debt for many people, making it difficult to break out of financial hardship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. Make a realistic budget</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are making a family budget, it is important to be realistic. Don’t try to spend less than you can actually afford or you will likely find yourself in a difficult financial situation. Be honest with yourself about your family’s income and expenses so that you can make a budget that works for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. Give yourself some wiggle room</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating a family budget, it is important to give yourself some wiggle room. This means that you should not try to spend every last penny that you have. Instead, leave some room in your budget for unexpected expenses or for things that you want to splurge on from time to time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. Stay disciplined</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to stay disciplined when you are following a family budget. This means that you need to stick to your plan and not overspend. If you find yourself struggling to stick to your budget, there are a few things you can do to help yourself stay on track. For example, you may want to set up a budgeting system or find a financial accountability partner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. Communicate with your family</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are on a family budget, it is important to communicate with your family. This means that you need to let them know what your budget is and how much money you have to spend. It is also important to involve them in the budgeting process so that they can help you stay on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. Review your budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to review your family budget on a regular basis. This will help you to make sure that your budget is still accurate and that you are still on track to meet your financial goals. You should review your budget at least once a year, but you may want to do it more often if your circumstances change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Making a family budget can be a challenge, but it is important to make sure that your family’s finances are in order. By following these tips, you can be money smart with your family budget and ensure that your family is on track to financial success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebraggingmommy.com/how-you-can-be-money-smart-with-your-family-budget/\">click here.</a></p>\n<!-- /wp:paragraph -->','How You Can Be Money Smart With Your Family Budget','','publish','closed','closed','','how-you-can-be-money-smart-with-your-family-budget','','','2024-01-24 15:07:49','2024-01-24 15:07:49','',0,'https://smartinsurance.tips/?p=3750',0,'post','',0),(3751,1,'2024-01-24 15:06:51','2024-01-24 15:06:51','','Untitled-42','','inherit','closed','closed','','untitled-42','','','2024-01-24 15:06:51','2024-01-24 15:06:51','',3750,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-42.png',0,'attachment','image/png',0),(3752,1,'2024-01-24 15:07:49','2024-01-24 15:07:49','<!-- wp:paragraph -->\n<p>In today’s economy, are you looking for ways to be more money smart with your family budget? If so, you’re not alone. </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\":3751,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-42-1024x1024.png\" alt=\"\" class=\"wp-image-3751\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Below, Carrington Dean share the best ways to be money smart with the family budget. Through Trust Deeds, Carrington Dean have helped countless families beat debt. If you are struggling, don’t struggle alone! Visit their site for more information and discover the pros and cons of a Trust Deed. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of ways to save money without feeling like you’re missing out. Check out these money smart tips for getting started.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>1. Review your family budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is a good idea to review your family budget on a regular basis, at least once every few months. This will help ensure that your finances are on track and that you are not overspending. There may be some areas where you can cut back, or you may find that you need to adjust your budget to reflect changes in your family circumstances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>2. Make a plan</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating your family budget, it is important to have a plan. You need to know what your income is and where all of your money is going. You can create a budget plan in Excel using templates or make one from scratch. This will help you to make informed choices about how to spend your money and where to save.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>3. Know where to cut back</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are likely areas in your family budget where you can cut back. For example, you may be able to save money by eating out less often or cutting back on your grocery budget. By knowing where you can cut back, you can free up more money to save or to spend on other things.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>4. Prioritize your spending</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are budgeting, it is important to prioritize your spending. You may need to cut back in some areas, but there are likely other areas where you can continue to spend. For example, you may want to prioritize your child’s education or your family’s health care.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>5. Save money where you can</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to save money. This may mean putting away money into a savings account or investing in a long-term financial goal. By saving money, you will be able to build up a cushion that can help you in case of an emergency or unexpected expense.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>6. Live within your means</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to live within your means when you are on a family budget. This means not spending more money than you have coming in. If you find that you are consistently overspending, you may need to adjust your budget or find ways to make more money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>7. Avoid debt</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whenever possible, try to avoid debt. This can be difficult when you are on a family budget, but it is important to remember that debt can quickly get out of control. If you find that you are struggling to pay off your debts, you may need to seek help from a financial advisor or credit counseling service. The ever-increasing living costs have created a vicious cycle of debt for many people, making it difficult to break out of financial hardship.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>8. Make a realistic budget</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are making a family budget, it is important to be realistic. Don’t try to spend less than you can actually afford or you will likely find yourself in a difficult financial situation. Be honest with yourself about your family’s income and expenses so that you can make a budget that works for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>9. Give yourself some wiggle room</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are creating a family budget, it is important to give yourself some wiggle room. This means that you should not try to spend every last penny that you have. Instead, leave some room in your budget for unexpected expenses or for things that you want to splurge on from time to time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>10. Stay disciplined</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to stay disciplined when you are following a family budget. This means that you need to stick to your plan and not overspend. If you find yourself struggling to stick to your budget, there are a few things you can do to help yourself stay on track. For example, you may want to set up a budgeting system or find a financial accountability partner.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>11. Communicate with your family</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you are on a family budget, it is important to communicate with your family. This means that you need to let them know what your budget is and how much money you have to spend. It is also important to involve them in the budgeting process so that they can help you stay on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>12. Review your budget regularly</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is important to review your family budget on a regular basis. This will help you to make sure that your budget is still accurate and that you are still on track to meet your financial goals. You should review your budget at least once a year, but you may want to do it more often if your circumstances change.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Making a family budget can be a challenge, but it is important to make sure that your family’s finances are in order. By following these tips, you can be money smart with your family budget and ensure that your family is on track to financial success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebraggingmommy.com/how-you-can-be-money-smart-with-your-family-budget/\">click here.</a></p>\n<!-- /wp:paragraph -->','How You Can Be Money Smart With Your Family Budget','','inherit','closed','closed','','3750-revision-v1','','','2024-01-24 15:07:49','2024-01-24 15:07:49','',3750,'https://smartinsurance.tips/?p=3752',0,'revision','',0),(3753,1,'2024-01-24 15:12:15','2024-01-24 15:12:15','<!-- wp:paragraph -->\n<p>Here Are the 9 Things Your Budget Should Have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3754,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-43-1024x1024.png\" alt=\"\" class=\"wp-image-3754\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">A budget is one of the most important tools to have in your financial planning arsenal. Without a budget, you may run the risk of overspending. It can be more difficult to reach important financial goals, such as saving for an emergency fund or buying a home, when you don\'t have a budget in place to guide your spending. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Mastering the art of budgeting begins with an understanding of the most important components of a good budget. As you create your household budget, remember to include these nine features.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">1. Accurate Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">While budget worksheets can be a helpful resource to guide your budget, they may not align perfectly with your spending habits. When creating your budget, focus on including expense categories that reflect where your money goes. Tracking your spending with a budgeting app is a good way to understand your monthly expenses. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">2. Enough Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">In addition to having accurate spending categories, your budget also needs to have the correct number of spending categories. While you don\'t want to go overboard, breaking down broader expense categories into smaller segments can give you a clearer picture of where your money goes. That\'s useful for understanding your spending patterns, and it can also help pinpoint areas where you can reduce spending. Just make sure that you don\'t drown in the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">3. Accurate Income Projections</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Spending is one half of your budget; income is the other. Accuracy is a must, not only for expenses but also with your income. You have to account for how much money you will have to spend, not just how much you make or think you will make. Don\'t forget to take out taxes and other deductions (like contributions to your employer\'s 401(k)). If you have irregular income, you may consider basing your monthly budget on the average you make each month. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">4. Categories for Irregular&nbsp;Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">When creating a budget, it\'s easy to get stuck in the monthly mindset, but don\'t forget to include those expenses that may only come around once a quarter, twice a year, or even once a year. For example, you may pay your car insurance every six months, while your homeowner\'s association fees are due annually. To ensure that you account for those expenses accurately, annualize the number, then divide by 12. Build that amount into your monthly budget and set it aside in a separate account so you can pay those expenses when they\'re due.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">5. A Line Item for Savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">It would not be a budget without including savings. Your budget should treat savings as an expense, not just as what happens with the \"leftover\" or surplus cash if there is any. In treating savings as an expense, you ensure that you\'re contributing money wherever it is most needed. For example, you can have a line item for general savings as well as a category for your emergency fund or savings for a down payment on a home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">6. Tracking for Cash Purchases</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">You don\'t have to track every dollar you spend down to the penny. However, you should try to account for cash spending accurately. Cash spending can easily become the biggest leak in most budgets. Cash disappears quickly, and if you don\'t write down everything you spend it on, you\'ll have a distorted look at your spending and where your money goes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">7. Realistic Written Goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">This one is a big one, and it\'s not a part of most personal budgets. While written financial goals aren\'t a required piece of a budget and aren\'t included on most budget worksheets, they\'re an extremely important piece of financial planning.&nbsp;By setting realistic goals like&nbsp;saving for a home,&nbsp;buying a new car, getting out of debt, saving for retirement, putting your kids through college, or even having a travel budget, you can begin to find ways to save for those goals and track how close you are to meeting them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Goals can be great sources of motivation for taking control of your spending, and they give every dollar that comes in and goes out of your bank account a purpose.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-27\">8. Regular Reviews</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Most of these features for a successful budget are things that should be included in the budget itself. But, there are also exercises and practices that go along with creating and maintaining a budget. One of those practices is a regular review.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Your budget isn\'t a set-it-and-forget-it exercise. You should be reviewing your budget and actual spending at least monthly so you can track your progress and make adjustments if necessary. Life changes can increase or reduce your spending and income, and regularly reviewing your budget ensures that your hard-earned dollars don\'t fall through the cracks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">9. The Right Mindset</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Last but not least, all successful budgeters approach their budgets with the right mindset. While it may be tempting to view your budget as being restrictive, it\'s a way to gain control over your money so you can tell your paycheck what to do, instead of the other way around. Budgeting can be difficult and even a stressful exercise, but it is necessary for financial success. By adopting a positive mindset towards budgeting and staying motivated, you can be well on your way to achieving financial security through budgeting. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I start a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first thing to do when you\'re creating a budget is to account for all of your income and expenses. Go through a few months of bank and credit card statements, pay stubs, and any other records of your incoming and outgoing cash flows. Total your income, and tally your expenses into categories. Once you know where you stand, you can start to decide where to trim and what limits to put on each category so your spending will be less than your income. From there, you can work on saving and investing goals, as well as any discretionary spending you want to plan for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I stick to my budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone has their own reasons for struggling to keep up with a budget. If you\'re having trouble sticking to it, it\'s a good idea to examine what\'s making it difficult for you. Maybe you didn\'t build any rewards into the budget, or perhaps you simply made your spending goals unrealistic. Once you can determine the issues, you can better focus your efforts to stay on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-makes-for-a-successful-budget-1289233\">click here.</a></p>\n<!-- /wp:paragraph -->','What Makes for a Successful Budget?','','publish','closed','closed','','what-makes-for-a-successful-budget','','','2024-01-24 15:12:15','2024-01-24 15:12:15','',0,'https://smartinsurance.tips/?p=3753',0,'post','',0),(3754,1,'2024-01-24 15:10:07','2024-01-24 15:10:07','','Untitled-43','','inherit','closed','closed','','untitled-43-2','','','2024-01-24 15:10:07','2024-01-24 15:10:07','',3753,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-43.png',0,'attachment','image/png',0),(3755,1,'2024-01-24 15:12:15','2024-01-24 15:12:15','<!-- wp:paragraph -->\n<p>Here Are the 9 Things Your Budget Should Have.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":3754,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-43-1024x1024.png\" alt=\"\" class=\"wp-image-3754\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">A budget is one of the most important tools to have in your financial planning arsenal. Without a budget, you may run the risk of overspending. It can be more difficult to reach important financial goals, such as saving for an emergency fund or buying a home, when you don\'t have a budget in place to guide your spending. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Mastering the art of budgeting begins with an understanding of the most important components of a good budget. As you create your household budget, remember to include these nine features.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-4\">1. Accurate Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-5\">While budget worksheets can be a helpful resource to guide your budget, they may not align perfectly with your spending habits. When creating your budget, focus on including expense categories that reflect where your money goes. Tracking your spending with a budgeting app is a good way to understand your monthly expenses. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">2. Enough Spending Categories</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-8\">In addition to having accurate spending categories, your budget also needs to have the correct number of spending categories. While you don\'t want to go overboard, breaking down broader expense categories into smaller segments can give you a clearer picture of where your money goes. That\'s useful for understanding your spending patterns, and it can also help pinpoint areas where you can reduce spending. Just make sure that you don\'t drown in the details.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-10\">3. Accurate Income Projections</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">Spending is one half of your budget; income is the other. Accuracy is a must, not only for expenses but also with your income. You have to account for how much money you will have to spend, not just how much you make or think you will make. Don\'t forget to take out taxes and other deductions (like contributions to your employer\'s 401(k)). If you have irregular income, you may consider basing your monthly budget on the average you make each month. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">4. Categories for Irregular&nbsp;Expenses</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">When creating a budget, it\'s easy to get stuck in the monthly mindset, but don\'t forget to include those expenses that may only come around once a quarter, twice a year, or even once a year. For example, you may pay your car insurance every six months, while your homeowner\'s association fees are due annually. To ensure that you account for those expenses accurately, annualize the number, then divide by 12. Build that amount into your monthly budget and set it aside in a separate account so you can pay those expenses when they\'re due.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">5. A Line Item for Savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">It would not be a budget without including savings. Your budget should treat savings as an expense, not just as what happens with the \"leftover\" or surplus cash if there is any. In treating savings as an expense, you ensure that you\'re contributing money wherever it is most needed. For example, you can have a line item for general savings as well as a category for your emergency fund or savings for a down payment on a home. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-19\">6. Tracking for Cash Purchases</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">You don\'t have to track every dollar you spend down to the penny. However, you should try to account for cash spending accurately. Cash spending can easily become the biggest leak in most budgets. Cash disappears quickly, and if you don\'t write down everything you spend it on, you\'ll have a distorted look at your spending and where your money goes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-22\">7. Realistic Written Goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">This one is a big one, and it\'s not a part of most personal budgets. While written financial goals aren\'t a required piece of a budget and aren\'t included on most budget worksheets, they\'re an extremely important piece of financial planning.&nbsp;By setting realistic goals like&nbsp;saving for a home,&nbsp;buying a new car, getting out of debt, saving for retirement, putting your kids through college, or even having a travel budget, you can begin to find ways to save for those goals and track how close you are to meeting them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">Goals can be great sources of motivation for taking control of your spending, and they give every dollar that comes in and goes out of your bank account a purpose.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-27\">8. Regular Reviews</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Most of these features for a successful budget are things that should be included in the budget itself. But, there are also exercises and practices that go along with creating and maintaining a budget. One of those practices is a regular review.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">Your budget isn\'t a set-it-and-forget-it exercise. You should be reviewing your budget and actual spending at least monthly so you can track your progress and make adjustments if necessary. Life changes can increase or reduce your spending and income, and regularly reviewing your budget ensures that your hard-earned dollars don\'t fall through the cracks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">9. The Right Mindset</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Last but not least, all successful budgeters approach their budgets with the right mindset. While it may be tempting to view your budget as being restrictive, it\'s a way to gain control over your money so you can tell your paycheck what to do, instead of the other way around. Budgeting can be difficult and even a stressful exercise, but it is necessary for financial success. By adopting a positive mindset towards budgeting and staying motivated, you can be well on your way to achieving financial security through budgeting. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I start a budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The first thing to do when you\'re creating a budget is to account for all of your income and expenses. Go through a few months of bank and credit card statements, pay stubs, and any other records of your incoming and outgoing cash flows. Total your income, and tally your expenses into categories. Once you know where you stand, you can start to decide where to trim and what limits to put on each category so your spending will be less than your income. From there, you can work on saving and investing goals, as well as any discretionary spending you want to plan for.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How do I stick to my budget?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Everyone has their own reasons for struggling to keep up with a budget. If you\'re having trouble sticking to it, it\'s a good idea to examine what\'s making it difficult for you. Maybe you didn\'t build any rewards into the budget, or perhaps you simply made your spending goals unrealistic. Once you can determine the issues, you can better focus your efforts to stay on track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebalancemoney.com/what-makes-for-a-successful-budget-1289233\">click here.</a></p>\n<!-- /wp:paragraph -->','What Makes for a Successful Budget?','','inherit','closed','closed','','3753-revision-v1','','','2024-01-24 15:12:15','2024-01-24 15:12:15','',3753,'https://smartinsurance.tips/?p=3755',0,'revision','',0),(3756,1,'2024-01-24 19:21:42','2024-01-24 19:21:42','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3757,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-44-1024x1024.png\" alt=\"\" class=\"wp-image-3757\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Saving money is not quite as fun as spending it, but money in the bank can be a lifesaver when you’re hit with unexpected expenses or a sudden job loss. When your bank account balance is only a few dollars, however, it’s easy to feel that saving any amount of money is impossible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you struggle to save money, you’re in good company. Only about 4 in 10 U.S. adults (44 percent) could cover the cost of a $1,000 emergency with savings, according to a recent Bankrate survey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might think you need to make more money in order to save, but there are actually plenty of other ways you can start your nest egg today rather than tomorrow, ranging from simple habits to innovative digital tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Write down your savings goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having specific goals can help you save more money. Write down your savings goals or save them in a spreadsheet, and assign them names (like “emergency fund” or “new car fund”) and deadlines. Then, identify how much to set aside each month to have the full amount when you’ll need the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Using multiple savings accounts can also help you meet your goals, since you can devote one account to each goal and easily track your progress.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative is to use a bank that lets you create categories — sometimes called buckets — within the same account that allow you to save toward different goals. Examples of such accounts are the Sallie Mae SmartyPig account and the Ally online savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Create a budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The idea of coming up with a budget can be intimidating, but keep in mind it’s as simple as listing your income and expenses each month. Create spending categories for things like housing, transportation, utilities, groceries and entertainment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Add line items to your budget for your savings goal categories, such as “emergency fund” or “wedding fund,” and devote money to them each month, just as you devote money to the other spending categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find a home for your savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remember, no amount is too small to start saving — even a dollar counts. If you need to, go with a savings account that allows for low minimum balances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, seek out a savings account with a competitive annual percentage yield (APY) and that either doesn’t charge monthly fees or lets you avoid them by meeting certain requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever bank you choose, consider using a money-saving app. If you have a checking account, for example, you can connect it to an app like <a href=\"https://www.bankrate.com/banking/digit-app-adds-instant-transfer-for-bank-accounts/\">Digit</a>, which can automatically move small amounts of money it thinks you can afford into your savings every few days, to help you save more quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of other automated savings apps or bank accounts to choose from: Qapital, Albert, Ally Bank and Chime are a few options to keep you going and add some speed to your savings habit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Keep checking and savings accounts at different banks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>New savers may want to create a barrier between the money being saved and the money being spent, to make it less tempting to dip into the savings for impulse purchases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can do this by setting up your checking and savings accounts at separate banks. Then, connect the accounts via an automatic transfer from your checking into your savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“It’s a psychological thing,” says Pamela Capalad, a certified financial planner and owner of Brunch &amp; Budget. “When you open your bank account app and your checking and savings numbers are in there, you kind of add those numbers together and you’re like, ‘Oh, that’s how much money I have to spend.’ But if they are totally separate, you kind of forget.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Set up direct deposit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The most convenient way to get paid is by using direct deposit, whereby your employer deposits your paycheck electronically into your bank account. You can access the money more quickly than you would by receiving and depositing a paper check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Direct deposit was used by 96 percent of respondents in a 2021 “Getting paid in America” survey conducted by the American Payroll Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find areas to cut your spending</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s easy to buy things we know we shouldn’t — and no, we aren’t arguing that buying lattes is why more of us aren’t millionaires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you want to get coffee, (then) get coffee,” says Mariel Beasley, co-director of Common Cents Lab, a financial research lab at Duke University. “But all of us can look back at our bank statement and say, ‘Oh man, I can’t believe I spent that much on that,’ or, ‘Oh man, I wish I hadn’t bought it.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Assess whether you’re wasting money on things you don’t really want or need. This can include subscriptions for streaming services, magazines or other services you find you don’t use. Cancel such subscriptions and put a portion of that money into savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If this sounds tedious, you can outsource the chore. Some apps, like Trim and Bill Slasher, can negotiate a bill on your behalf. If you want to call the shots on what expenses stay and go, try pairing the activity with something you enjoy. For example, don’t listen to the next episode of your favorite podcast until you take on the task. It’s known as temptation bundling — pairing something you want with something you don’t want to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“You create a way to reward yourself for doing an unpleasant but important activity,” Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find ways to grow your income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may have cash streams you can allocate to savings, such as birthday money, funds earned from a side hustle or coins you’re cashing in for dollars. Choose one of your income sources and assign it as savings, Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no silver bullet to jumping on the savings bandwagon. Techniques that work for one person might not work for another. Stay on the lookout for something or someone that motivates you to keep saving small amounts of money regularly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/banking/savings/start-saving-from-scratch/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Start Saving (Even if You’re Starting from Scratch)','','publish','closed','closed','','how-to-start-saving-even-if-youre-starting-from-scratch','','','2024-01-24 19:21:42','2024-01-24 19:21:42','',0,'https://smartinsurance.tips/?p=3756',0,'post','',0),(3757,1,'2024-01-24 19:20:24','2024-01-24 19:20:24','','Untitled-44','','inherit','closed','closed','','untitled-44-2','','','2024-01-24 19:20:24','2024-01-24 19:20:24','',3756,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-44.png',0,'attachment','image/png',0),(3758,1,'2024-01-24 19:21:42','2024-01-24 19:21:42','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3757,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-44-1024x1024.png\" alt=\"\" class=\"wp-image-3757\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Saving money is not quite as fun as spending it, but money in the bank can be a lifesaver when you’re hit with unexpected expenses or a sudden job loss. When your bank account balance is only a few dollars, however, it’s easy to feel that saving any amount of money is impossible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you struggle to save money, you’re in good company. Only about 4 in 10 U.S. adults (44 percent) could cover the cost of a $1,000 emergency with savings, according to a recent Bankrate survey.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You might think you need to make more money in order to save, but there are actually plenty of other ways you can start your nest egg today rather than tomorrow, ranging from simple habits to innovative digital tools.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Write down your savings goals</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Having specific goals can help you save more money. Write down your savings goals or save them in a spreadsheet, and assign them names (like “emergency fund” or “new car fund”) and deadlines. Then, identify how much to set aside each month to have the full amount when you’ll need the money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Using multiple savings accounts can also help you meet your goals, since you can devote one account to each goal and easily track your progress.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An alternative is to use a bank that lets you create categories — sometimes called buckets — within the same account that allow you to save toward different goals. Examples of such accounts are the Sallie Mae SmartyPig account and the Ally online savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Create a budget</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The idea of coming up with a budget can be intimidating, but keep in mind it’s as simple as listing your income and expenses each month. Create spending categories for things like housing, transportation, utilities, groceries and entertainment.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Add line items to your budget for your savings goal categories, such as “emergency fund” or “wedding fund,” and devote money to them each month, just as you devote money to the other spending categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find a home for your savings</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remember, no amount is too small to start saving — even a dollar counts. If you need to, go with a savings account that allows for low minimum balances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, seek out a savings account with a competitive annual percentage yield (APY) and that either doesn’t charge monthly fees or lets you avoid them by meeting certain requirements.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Whatever bank you choose, consider using a money-saving app. If you have a checking account, for example, you can connect it to an app like <a href=\"https://www.bankrate.com/banking/digit-app-adds-instant-transfer-for-bank-accounts/\">Digit</a>, which can automatically move small amounts of money it thinks you can afford into your savings every few days, to help you save more quickly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are plenty of other automated savings apps or bank accounts to choose from: Qapital, Albert, Ally Bank and Chime are a few options to keep you going and add some speed to your savings habit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Keep checking and savings accounts at different banks</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>New savers may want to create a barrier between the money being saved and the money being spent, to make it less tempting to dip into the savings for impulse purchases.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can do this by setting up your checking and savings accounts at separate banks. Then, connect the accounts via an automatic transfer from your checking into your savings account.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“It’s a psychological thing,” says Pamela Capalad, a certified financial planner and owner of Brunch &amp; Budget. “When you open your bank account app and your checking and savings numbers are in there, you kind of add those numbers together and you’re like, ‘Oh, that’s how much money I have to spend.’ But if they are totally separate, you kind of forget.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Set up direct deposit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The most convenient way to get paid is by using direct deposit, whereby your employer deposits your paycheck electronically into your bank account. You can access the money more quickly than you would by receiving and depositing a paper check.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Direct deposit was used by 96 percent of respondents in a 2021 “Getting paid in America” survey conducted by the American Payroll Association.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find areas to cut your spending</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s easy to buy things we know we shouldn’t — and no, we aren’t arguing that buying lattes is why more of us aren’t millionaires.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“If you want to get coffee, (then) get coffee,” says Mariel Beasley, co-director of Common Cents Lab, a financial research lab at Duke University. “But all of us can look back at our bank statement and say, ‘Oh man, I can’t believe I spent that much on that,’ or, ‘Oh man, I wish I hadn’t bought it.’”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Assess whether you’re wasting money on things you don’t really want or need. This can include subscriptions for streaming services, magazines or other services you find you don’t use. Cancel such subscriptions and put a portion of that money into savings.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If this sounds tedious, you can outsource the chore. Some apps, like Trim and Bill Slasher, can negotiate a bill on your behalf. If you want to call the shots on what expenses stay and go, try pairing the activity with something you enjoy. For example, don’t listen to the next episode of your favorite podcast until you take on the task. It’s known as temptation bundling — pairing something you want with something you don’t want to do.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>“You create a way to reward yourself for doing an unpleasant but important activity,” Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Find ways to grow your income</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may have cash streams you can allocate to savings, such as birthday money, funds earned from a side hustle or coins you’re cashing in for dollars. Choose one of your income sources and assign it as savings, Beasley says.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Bottom line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There’s no silver bullet to jumping on the savings bandwagon. Techniques that work for one person might not work for another. Stay on the lookout for something or someone that motivates you to keep saving small amounts of money regularly.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.bankrate.com/banking/savings/start-saving-from-scratch/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Start Saving (Even if You’re Starting from Scratch)','','inherit','closed','closed','','3756-revision-v1','','','2024-01-24 19:21:42','2024-01-24 19:21:42','',3756,'https://smartinsurance.tips/?p=3758',0,'revision','',0),(3759,1,'2024-01-24 19:26:54','2024-01-24 19:26:54','<!-- wp:paragraph -->\n<p>Get rid of old electronics, make space on your phone and computer, manage your passwords and email inbox, and more.</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\":3760,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-45-1024x1024.png\" alt=\"\" class=\"wp-image-3760\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Here’s what to do with the old laptops, cell phones, and power cords you no longer need. Plus, how to organize what you do use, including streamlining that overflowing email inbox.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Get Rid of Old Electronics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Follow this step-by-step guide to saving what you need, deleting the rest, and recycling the hardware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Gather and Sort Gadgets</strong><br>The first step in taking control of unwanted devices is to collect them in one spot that’s convenient but out of sight, where you can work on the project gradually.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then divide them into two categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Devices that don’t contain personal data on them, such as keyboards, headphones, and monitors, can go into boxes ready to sell, donate, or recycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The second group is for items that may have important files, such as laptops, phones, and CDs. In most cases, you’ll want to copy and then erase those files. (Instructions follow.) But if you don’t care about retrieving the information and just want to make sure sensitive data is deleted, you can try a free service that will take the items off your hands and erase the data—in which case, jump to \"Sell, Donate, or Recycle,\" below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Back Up and Wipe Old Phones</strong><br>The photos, contacts, and messages from your old phone may already be copied onto your new phone. But you can do it again to be safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>Android phones:</strong>&nbsp;Go to Settings, tap the search icon, and enter \"backup.\" Follow the prompts, then wait 24 hours to make sure everything gets copied. If your phone has an SD card for extra storage, pop it into your computer’s built-in SD card reader or an external reader, which costs around $10 from brands such as Kingston and SanDisk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>iPhones:</strong>&nbsp;One option is to back up to iCloud, but you may have to pay a monthly fee to get enough storage. (Go to Settings, tap your name &gt; iCloud backup.) Or connect the phone to your computer with a cable. On a Mac, open Finder and click on the iPhone. Then click General &gt; \"Back up all of the data on your iPhone to this Mac.\" On a Windows PC, open iTunes, then click the iPhone button &gt; Summary &gt; Back Up Now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then erase the data on the phone. If it has a SIM card, remove and destroy it (scissors should work). Search Settings for \"reset.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Wipe a Laptop or Desktop Computer</strong><br>This process can take a while. If you have trouble—say, the device won’t turn on—or you prefer to get help, contact an electronics repair shop. As an example, Best Buy’s Geek Squad data backup service starts at $100.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ready to take it on yourself? A fast, simple backup method is to copy the files onto an external hard drive. A 2-terabyte drive should be more than enough—and you can then use it for extra storage with your current computer. Prominent brands such as Seagate and Western Digital offer them for about $60. Connect the drive to the old computer with a USB cable, then use File Explorer for Windows or Finder on Mac to copy the files you want onto the drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, permanently wipe all personal data from the laptop. This takes a number of steps, which vary depending on the type and age of your computer. See how to wipe a computer clean of personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Destroy Old CDs, DVDs, and Floppy Disks</strong><br>Do you still have a pile of 3.5-inch floppy disks in a desk drawer? You can buy an inexpensive reader to copy the files to your computer or just see what’s on them. A floppy disk drive on Amazon runs about $20; a DVD drive is about $25.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have the files on your computer, make the obsolete disks unreadable: Cut scratches in a CD or DVD, and cut up the disk inside a floppy disk. Then add the pieces to your e-cycling pile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sell, Donate, or Recycle</strong><br>It’s finally time to get your dusty old gadgets out of the house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Cash out. </strong>Trade-in programs will give you a quote for items like PCs and phones, a free shipping label, and cash or a gift card after they receive them. Options include Amazon, Apple, and Best Buy. BuyBackWorld and Gazelle promise to delete all your personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Donate. </strong>Check with a local charity or go to WorldComputerExchange. org, which distributes tech to schools and programs across the globe. Dell Reconnect works with Goodwill; it takes items in any condition and promises to wipe your data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Recycle. </strong>Don’t throw electronic items in the trash. Recycling them helps conserve resources and keep toxic chemicals out of the environment. Your local recycling center may accept e-waste. Or go to Earth911.com to find other options near you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Make More Space on Your Devices</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, your phone and laptop may start telling you they’re running out of space, especially if you’ve saved lots of photos and videos. Here’s how to declutter your devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Computer</strong><br><strong>Delete unused applications.</strong>&nbsp;The first step is to delete old applications, which can take up a lot of room on a hard drive. You might not even be using the biggest space hogs.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and go to the Applications folder. Select the app, then either drag it to the Trash or right-click it (or click while holding down the Control button) and choose File &gt; Move to Trash. Then right-click on the Trash icon and choose Empty Trash.<br><strong>• Windows:</strong>&nbsp;Go to Settings. Then choose Apps &gt; Apps &amp; features. Find the app you want to remove, then select More &gt; Uninstall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete duplicates.</strong>&nbsp;Identical copies of files aren’t just a waste of space; they’re confusing when you don’t know which file to open. Here’s an easy way to find and delete those duplicates.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and search for \"(1)\" with quotation marks.<br>•&nbsp;<strong>Windows:&nbsp;</strong>In File Explorer on Windows, search for&nbsp;<em>filename: \"*(1)*\"</em>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use built-in utilities.</strong>&nbsp;These tools will recommend other ways to save space.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Click the Apple icon, then System Settings &gt; General &gt; Storage.<br>•&nbsp;<strong>Windows:</strong>&nbsp;Find the app called Disk Cleanup, or a feature called Storage Sense under Start &gt; Settings &gt; System &gt; Storage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Declutter Your Desktop and Downloads Folder</strong><br>Having numerous files on your desktop is like having papers spread all over your actual desk: It can be hard to find what you need and stressful to look at. Your downloads folder can get just as messy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Delete the files on your desktop you no longer need, such as that PDF ticket for an event long ago, as well as unneeded shortcuts to applications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, move files you do want to keep to the appropriate subfolder under your main Documents folder—or create a new subfolder if necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now open your Downloads folder and scroll through the list to identify any files you want to keep, such as downloaded bank statements. Move them to the appropriate folders under Documents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything else, including installation files (.dmg on Mac, .exe on Windows), can be trashed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Phone</strong><br><strong>Quickly clean up an Android phone.</strong> You can delete unused apps, duplicate photos, junk files, and more with the Files by Google app. Download it from the Play Store if it’s not already installed. In the app, tap Clean on the bottom. Then you can choose the kinds of files and apps you want to remove with just a few taps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete unused apps on an iPhone.</strong>&nbsp;Go to Settings &gt; General &gt; iPhone Storage to see a color-coded bar graph showing your storage usage. Below that, click on the recommendations iOS will present to you, such as enabling \"Offload Unused Apps,\" which deletes the apps but keeps the user data in case you want to use the apps in the future. You’ll also see on this screen the apps that are installed on your phone and their size. Tap on the ones you wish to delete.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Optimize photos and videos.</strong>&nbsp;Photos and videos tend to take up the most storage space. Photo optimization stores full-resolution versions in the cloud while leaving smaller versions on your phone.<br>•&nbsp;<strong>On an Android phone:</strong>&nbsp;Go to Google Photos’ settings and select \"Free up space.\"<br><strong>•&nbsp;On an iPhone:</strong>&nbsp;Go to Settings &gt; Photos and enable \"Optimize iPhone Storage.\" Now you’ll have more room...for more photos and videos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Tidy Your Digital Accounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Online life brings certain headaches, such as ever-changing passwords and an overflowing inbox. Here are fixes for those annoyances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Manage Your Passwords</strong><br>Have you clicked a \"Forgot password?\" link in the past few months? Resetting your password because you can’t remember it is no one’s idea of a good time. For your security, and to make logging in to accounts as hassle-free as possible, we recommend using a password manager, which generates and saves long, unique passwords for all your online accounts. (One thing you should never do is reuse the same password on multiple sites, which is a major security risk.) In CR’s tests, 1Password (from $36 per year) performed the best for its balance of privacy, security, and ease of use. Dashlane and Keeper offer both free and paid options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you start using a password manager, you need to remember just one password—the one you use to access all your stored log-in credentials. Make it long (at least 16 characters), unique, and memorable. You can use a series of random words separated by hyphens or spaces. It’s fine to write this down in a notebook stored safely at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Shut Down Old Accounts</strong><br>Many of us have long-forgotten accounts with retailers, apps, media sites, and more. This raises the odds of your data being misused or stolen. To find old accounts to close, search for emails with phrases like \"welcome to\" and \"confirm your email.\" To avoid phishing attacks, don’t click on links in these emails. Instead, go to the company website in a fresh browser tab.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Empty Your Email Inbox</strong><br>An inbox full of hundreds if not thousands of read and unread emails is distracting and can be a source of stress. You could archive everything, but the emails will take up space and it could cost money if you exceed the account’s free storage limit. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Stop Unwanted Emails</strong><br>Once you empty your inbox of marketing emails, you don’t want it to quickly fill back up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Marketers give you a way to stop receiving their messages. A convenient tactic for collecting a lot of them in one place is to search your inbox for common marketing lingo like \"today only,\" \"while supplies last,\" \"limited time,\" \"coupon,\" and even \"privacy policy\" and \"edit your preferences.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, in the search results, open each email and click on the Unsubscribe link next to the email sender’s name, if it’s available. Or scroll to the bottom of the email to find the Unsubscribe link to remove yourself from the mailing list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Repeat with each sender, and enjoy deleting the emails as you go.</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/take-control-of-tech-clutter-a1158623652/\">click here.</a></p>\n<!-- /wp:paragraph -->','Take Control of Tech Clutter','','publish','closed','closed','','take-control-of-tech-clutter','','','2024-01-24 19:26:54','2024-01-24 19:26:54','',0,'https://smartinsurance.tips/?p=3759',0,'post','',0),(3760,1,'2024-01-24 19:23:15','2024-01-24 19:23:15','','Untitled-45','','inherit','closed','closed','','untitled-45-2','','','2024-01-24 19:23:15','2024-01-24 19:23:15','',3759,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-45.png',0,'attachment','image/png',0),(3761,1,'2024-01-24 19:26:54','2024-01-24 19:26:54','<!-- wp:paragraph -->\n<p>Get rid of old electronics, make space on your phone and computer, manage your passwords and email inbox, and more.</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\":3760,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-45-1024x1024.png\" alt=\"\" class=\"wp-image-3760\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Here’s what to do with the old laptops, cell phones, and power cords you no longer need. Plus, how to organize what you do use, including streamlining that overflowing email inbox.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Get Rid of Old Electronics</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Follow this step-by-step guide to saving what you need, deleting the rest, and recycling the hardware.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Gather and Sort Gadgets</strong><br>The first step in taking control of unwanted devices is to collect them in one spot that’s convenient but out of sight, where you can work on the project gradually.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then divide them into two categories.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Devices that don’t contain personal data on them, such as keyboards, headphones, and monitors, can go into boxes ready to sell, donate, or recycle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The second group is for items that may have important files, such as laptops, phones, and CDs. In most cases, you’ll want to copy and then erase those files. (Instructions follow.) But if you don’t care about retrieving the information and just want to make sure sensitive data is deleted, you can try a free service that will take the items off your hands and erase the data—in which case, jump to \"Sell, Donate, or Recycle,\" below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Back Up and Wipe Old Phones</strong><br>The photos, contacts, and messages from your old phone may already be copied onto your new phone. But you can do it again to be safe.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>Android phones:</strong>&nbsp;Go to Settings, tap the search icon, and enter \"backup.\" Follow the prompts, then wait 24 hours to make sure everything gets copied. If your phone has an SD card for extra storage, pop it into your computer’s built-in SD card reader or an external reader, which costs around $10 from brands such as Kingston and SanDisk.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>•&nbsp;<strong>iPhones:</strong>&nbsp;One option is to back up to iCloud, but you may have to pay a monthly fee to get enough storage. (Go to Settings, tap your name &gt; iCloud backup.) Or connect the phone to your computer with a cable. On a Mac, open Finder and click on the iPhone. Then click General &gt; \"Back up all of the data on your iPhone to this Mac.\" On a Windows PC, open iTunes, then click the iPhone button &gt; Summary &gt; Back Up Now.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then erase the data on the phone. If it has a SIM card, remove and destroy it (scissors should work). Search Settings for \"reset.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Wipe a Laptop or Desktop Computer</strong><br>This process can take a while. If you have trouble—say, the device won’t turn on—or you prefer to get help, contact an electronics repair shop. As an example, Best Buy’s Geek Squad data backup service starts at $100.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Ready to take it on yourself? A fast, simple backup method is to copy the files onto an external hard drive. A 2-terabyte drive should be more than enough—and you can then use it for extra storage with your current computer. Prominent brands such as Seagate and Western Digital offer them for about $60. Connect the drive to the old computer with a USB cable, then use File Explorer for Windows or Finder on Mac to copy the files you want onto the drive.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, permanently wipe all personal data from the laptop. This takes a number of steps, which vary depending on the type and age of your computer. See how to wipe a computer clean of personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Destroy Old CDs, DVDs, and Floppy Disks</strong><br>Do you still have a pile of 3.5-inch floppy disks in a desk drawer? You can buy an inexpensive reader to copy the files to your computer or just see what’s on them. A floppy disk drive on Amazon runs about $20; a DVD drive is about $25.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you have the files on your computer, make the obsolete disks unreadable: Cut scratches in a CD or DVD, and cut up the disk inside a floppy disk. Then add the pieces to your e-cycling pile.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Sell, Donate, or Recycle</strong><br>It’s finally time to get your dusty old gadgets out of the house.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Cash out. </strong>Trade-in programs will give you a quote for items like PCs and phones, a free shipping label, and cash or a gift card after they receive them. Options include Amazon, Apple, and Best Buy. BuyBackWorld and Gazelle promise to delete all your personal data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Donate. </strong>Check with a local charity or go to WorldComputerExchange. org, which distributes tech to schools and programs across the globe. Dell Reconnect works with Goodwill; it takes items in any condition and promises to wipe your data.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Recycle. </strong>Don’t throw electronic items in the trash. Recycling them helps conserve resources and keep toxic chemicals out of the environment. Your local recycling center may accept e-waste. Or go to Earth911.com to find other options near you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Make More Space on Your Devices</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eventually, your phone and laptop may start telling you they’re running out of space, especially if you’ve saved lots of photos and videos. Here’s how to declutter your devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Computer</strong><br><strong>Delete unused applications.</strong>&nbsp;The first step is to delete old applications, which can take up a lot of room on a hard drive. You might not even be using the biggest space hogs.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and go to the Applications folder. Select the app, then either drag it to the Trash or right-click it (or click while holding down the Control button) and choose File &gt; Move to Trash. Then right-click on the Trash icon and choose Empty Trash.<br><strong>• Windows:</strong>&nbsp;Go to Settings. Then choose Apps &gt; Apps &amp; features. Find the app you want to remove, then select More &gt; Uninstall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete duplicates.</strong>&nbsp;Identical copies of files aren’t just a waste of space; they’re confusing when you don’t know which file to open. Here’s an easy way to find and delete those duplicates.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Open Finder and search for \"(1)\" with quotation marks.<br>•&nbsp;<strong>Windows:&nbsp;</strong>In File Explorer on Windows, search for&nbsp;<em>filename: \"*(1)*\"</em>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Use built-in utilities.</strong>&nbsp;These tools will recommend other ways to save space.<br>•&nbsp;<strong>Mac:</strong>&nbsp;Click the Apple icon, then System Settings &gt; General &gt; Storage.<br>•&nbsp;<strong>Windows:</strong>&nbsp;Find the app called Disk Cleanup, or a feature called Storage Sense under Start &gt; Settings &gt; System &gt; Storage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Declutter Your Desktop and Downloads Folder</strong><br>Having numerous files on your desktop is like having papers spread all over your actual desk: It can be hard to find what you need and stressful to look at. Your downloads folder can get just as messy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Delete the files on your desktop you no longer need, such as that PDF ticket for an event long ago, as well as unneeded shortcuts to applications.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Next, move files you do want to keep to the appropriate subfolder under your main Documents folder—or create a new subfolder if necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now open your Downloads folder and scroll through the list to identify any files you want to keep, such as downloaded bank statements. Move them to the appropriate folders under Documents.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Everything else, including installation files (.dmg on Mac, .exe on Windows), can be trashed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Free Up Storage on Your Phone</strong><br><strong>Quickly clean up an Android phone.</strong> You can delete unused apps, duplicate photos, junk files, and more with the Files by Google app. Download it from the Play Store if it’s not already installed. In the app, tap Clean on the bottom. Then you can choose the kinds of files and apps you want to remove with just a few taps.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Delete unused apps on an iPhone.</strong>&nbsp;Go to Settings &gt; General &gt; iPhone Storage to see a color-coded bar graph showing your storage usage. Below that, click on the recommendations iOS will present to you, such as enabling \"Offload Unused Apps,\" which deletes the apps but keeps the user data in case you want to use the apps in the future. You’ll also see on this screen the apps that are installed on your phone and their size. Tap on the ones you wish to delete.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Optimize photos and videos.</strong>&nbsp;Photos and videos tend to take up the most storage space. Photo optimization stores full-resolution versions in the cloud while leaving smaller versions on your phone.<br>•&nbsp;<strong>On an Android phone:</strong>&nbsp;Go to Google Photos’ settings and select \"Free up space.\"<br><strong>•&nbsp;On an iPhone:</strong>&nbsp;Go to Settings &gt; Photos and enable \"Optimize iPhone Storage.\" Now you’ll have more room...for more photos and videos.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Tidy Your Digital Accounts</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Online life brings certain headaches, such as ever-changing passwords and an overflowing inbox. Here are fixes for those annoyances.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Manage Your Passwords</strong><br>Have you clicked a \"Forgot password?\" link in the past few months? Resetting your password because you can’t remember it is no one’s idea of a good time. For your security, and to make logging in to accounts as hassle-free as possible, we recommend using a password manager, which generates and saves long, unique passwords for all your online accounts. (One thing you should never do is reuse the same password on multiple sites, which is a major security risk.) In CR’s tests, 1Password (from $36 per year) performed the best for its balance of privacy, security, and ease of use. Dashlane and Keeper offer both free and paid options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Once you start using a password manager, you need to remember just one password—the one you use to access all your stored log-in credentials. Make it long (at least 16 characters), unique, and memorable. You can use a series of random words separated by hyphens or spaces. It’s fine to write this down in a notebook stored safely at home.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Shut Down Old Accounts</strong><br>Many of us have long-forgotten accounts with retailers, apps, media sites, and more. This raises the odds of your data being misused or stolen. To find old accounts to close, search for emails with phrases like \"welcome to\" and \"confirm your email.\" To avoid phishing attacks, don’t click on links in these emails. Instead, go to the company website in a fresh browser tab.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Empty Your Email Inbox</strong><br>An inbox full of hundreds if not thousands of read and unread emails is distracting and can be a source of stress. You could archive everything, but the emails will take up space and it could cost money if you exceed the account’s free storage limit. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Stop Unwanted Emails</strong><br>Once you empty your inbox of marketing emails, you don’t want it to quickly fill back up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Marketers give you a way to stop receiving their messages. A convenient tactic for collecting a lot of them in one place is to search your inbox for common marketing lingo like \"today only,\" \"while supplies last,\" \"limited time,\" \"coupon,\" and even \"privacy policy\" and \"edit your preferences.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Then, in the search results, open each email and click on the Unsubscribe link next to the email sender’s name, if it’s available. Or scroll to the bottom of the email to find the Unsubscribe link to remove yourself from the mailing list.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Repeat with each sender, and enjoy deleting the emails as you go.</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/take-control-of-tech-clutter-a1158623652/\">click here.</a></p>\n<!-- /wp:paragraph -->','Take Control of Tech Clutter','','inherit','closed','closed','','3759-revision-v1','','','2024-01-24 19:26:54','2024-01-24 19:26:54','',3759,'https://smartinsurance.tips/?p=3761',0,'revision','',0),(3762,1,'2024-01-24 19:29:32','2024-01-24 19:29:32','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3763,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-46-1024x1024.png\" alt=\"\" class=\"wp-image-3763\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Developing good work habits is arguably the most important step towards building a successful career. As author Brian Tracy writes, “Successful people are simply those with successful habits.” While it’s tempting to set lofty goals, developing strong daily habits is a much more effective way to achieve productivity and success in your job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to pick the <em>right</em> work habits in order to be successful. In my recent interview, the open source developer and author, Zeno Rocha, highlighted the importance of setting small, atomic daily habits that are achievable. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To that end I’ve compiled a list of 7 easy habits that you can incorporate into your daily routine to greatly improve your productivity and put you on the path to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Track your work habits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can’t improve what you don’t measure. We say this a lot on this blog but only because it’s true. The first step towards building strong work habits is tracking those work habits. Keeping a record of your daily habits will keep you accountable and provide you the data to understand if you’re truly on track. Furthermore, when you first start building new habits they’ll be top of mind each day. You can also gamify the completion of your habits by creating streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To track your work habits you can use classic pen and paper, a simple Google Sheets, or a paid app like Streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Track your time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Time management is one of the most important aspects of being productive and (say it together now) you can’t improve what you don’t measure. Having a deep understanding of how you’re spending your time will ensure that you don’t develop bad work habits like procrastinating on social media or chatting in Slack. You can also ensure that you’re spending enough time on the right things and focusing on the most important work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When tracking your time it’s important to use a specific time tracker and not just rely on your calendar. As Rahul Vohra writes, “your calendar records what you thought would happen” while a time tracker like Rize will show you how you <em>actually</em> spent your time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Schedule tomorrow’s tasks at the end of your workday</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>End each workday by writing down where you left off and what you will work on first thing tomorrow. This small work habit will save you hours of time over the course a year. When you start work the next day, you’ll know exactly where to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Avoid multitasking</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Study after study shows that multitasking reduces your cognitive ability which in turn damages your productivity. A great way to avoid multitasking is by writing down a to-do list with only a select few tasks of important work. Then go through the task list and allocate a certain amount of time to focus solely on completing that task. This methodology is known as timeboxing and can greatly boost your productivity. Focusing on completing a select group of important daily tasks pairs well with the opposite of multitasking, known as single-tasking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Start your day with a morning walk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We’ve previously written about the science behind why taking a morning walk improves your productivity. Taking a morning walk after you wake up and before you settle into your workspace is scientifically proven to boost your cognitive performance and productivity. In addition to improving your brain health, a daily walk also has numerous other health benefits such as weight management, reducing disease, and strengthening your bones and muscles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Stay off social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We all know that social media is one the biggest time wasters out there. We recently wrote about how phones and distracting apps like social media reduce your ability to focus even when they’re not actively distracting you. So close your Twitter, LinkedIn, and Instagram. Better yet, move your phone into another room during work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Meditate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Studies show that brief, daily meditation enhances attention, memory, mood, and emotional control. Meditation provides clarity and calm so you can get to work with a clear mind. Furthermore, daily meditation will leave you with a more positive attitude which will improve other soft skills like teamwork. Your team members will appreciate it. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a multitude of free and paid meditation apps that can help you build this habit. Calm and Headspace are two most popular options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</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>Whether you work at a startup or a Fortune 500 company, good work habits will translate into improved productivity, strong career development, and more job satisfaction. Developing new skills and work habits is hard work that requires you to challenge yourself on a regular basis. But building good, healthy habits creates productive people.</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/7-good-work-habits-to-improve-your-productivity\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Good Work Habits to Improve Your Productivity','','publish','closed','closed','','7-good-work-habits-to-improve-your-productivity','','','2024-01-24 19:29:32','2024-01-24 19:29:32','',0,'https://smartinsurance.tips/?p=3762',0,'post','',0),(3763,1,'2024-01-24 19:28:13','2024-01-24 19:28:13','','Untitled-46','','inherit','closed','closed','','untitled-46-2','','','2024-01-24 19:28:13','2024-01-24 19:28:13','',3762,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-46.png',0,'attachment','image/png',0),(3764,1,'2024-01-24 19:29:32','2024-01-24 19:29:32','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3763,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-46-1024x1024.png\" alt=\"\" class=\"wp-image-3763\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Developing good work habits is arguably the most important step towards building a successful career. As author Brian Tracy writes, “Successful people are simply those with successful habits.” While it’s tempting to set lofty goals, developing strong daily habits is a much more effective way to achieve productivity and success in your job.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It’s important to pick the <em>right</em> work habits in order to be successful. In my recent interview, the open source developer and author, Zeno Rocha, highlighted the importance of setting small, atomic daily habits that are achievable. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To that end I’ve compiled a list of 7 easy habits that you can incorporate into your daily routine to greatly improve your productivity and put you on the path to success.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. Track your work habits</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You can’t improve what you don’t measure. We say this a lot on this blog but only because it’s true. The first step towards building strong work habits is tracking those work habits. Keeping a record of your daily habits will keep you accountable and provide you the data to understand if you’re truly on track. Furthermore, when you first start building new habits they’ll be top of mind each day. You can also gamify the completion of your habits by creating streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To track your work habits you can use classic pen and paper, a simple Google Sheets, or a paid app like Streaks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. Track your time</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Time management is one of the most important aspects of being productive and (say it together now) you can’t improve what you don’t measure. Having a deep understanding of how you’re spending your time will ensure that you don’t develop bad work habits like procrastinating on social media or chatting in Slack. You can also ensure that you’re spending enough time on the right things and focusing on the most important work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When tracking your time it’s important to use a specific time tracker and not just rely on your calendar. As Rahul Vohra writes, “your calendar records what you thought would happen” while a time tracker like Rize will show you how you <em>actually</em> spent your time.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Schedule tomorrow’s tasks at the end of your workday</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>End each workday by writing down where you left off and what you will work on first thing tomorrow. This small work habit will save you hours of time over the course a year. When you start work the next day, you’ll know exactly where to pick up.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. Avoid multitasking</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Study after study shows that multitasking reduces your cognitive ability which in turn damages your productivity. A great way to avoid multitasking is by writing down a to-do list with only a select few tasks of important work. Then go through the task list and allocate a certain amount of time to focus solely on completing that task. This methodology is known as timeboxing and can greatly boost your productivity. Focusing on completing a select group of important daily tasks pairs well with the opposite of multitasking, known as single-tasking.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. Start your day with a morning walk</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We’ve previously written about the science behind why taking a morning walk improves your productivity. Taking a morning walk after you wake up and before you settle into your workspace is scientifically proven to boost your cognitive performance and productivity. In addition to improving your brain health, a daily walk also has numerous other health benefits such as weight management, reducing disease, and strengthening your bones and muscles.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Stay off social media</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We all know that social media is one the biggest time wasters out there. We recently wrote about how phones and distracting apps like social media reduce your ability to focus even when they’re not actively distracting you. So close your Twitter, LinkedIn, and Instagram. Better yet, move your phone into another room during work.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. Meditate</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Studies show that brief, daily meditation enhances attention, memory, mood, and emotional control. Meditation provides clarity and calm so you can get to work with a clear mind. Furthermore, daily meditation will leave you with a more positive attitude which will improve other soft skills like teamwork. Your team members will appreciate it. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are a multitude of free and paid meditation apps that can help you build this habit. Calm and Headspace are two most popular options.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>&#x200d;</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>Whether you work at a startup or a Fortune 500 company, good work habits will translate into improved productivity, strong career development, and more job satisfaction. Developing new skills and work habits is hard work that requires you to challenge yourself on a regular basis. But building good, healthy habits creates productive people.</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/7-good-work-habits-to-improve-your-productivity\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Good Work Habits to Improve Your Productivity','','inherit','closed','closed','','3762-revision-v1','','','2024-01-24 19:29:32','2024-01-24 19:29:32','',3762,'https://smartinsurance.tips/?p=3764',0,'revision','',0),(3765,1,'2024-01-24 20:36:34','2024-01-24 20:36:34','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3766,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-47-1024x1024.png\" alt=\"\" class=\"wp-image-3766\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Retirement is a significant life shift that, for many people, marks the beginning of a new era of leisure, personal growth, and quality time with loved ones. Retirement communities are a popular choice for retirees because they offer a variety of benefits that can enhance their general well-being and quality of life.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An in-depth discussion of the benefits of retirement living and why it is an attractive alternative for individuals approaching their golden years will be provided in this article.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. SOCIAL INTERACTION AND COMPANIONSHIP</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Living in retirement offers the chance for more frequent social connections and companionship, which is one of its most prominent advantages. After retiring, many seniors experience feelings of isolation or loneliness, especially if they live alone.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Retirement homes have a built-in social network that allows members to participate in various group activities, meet new people, and form deep friendships. The risk of depression and cognitive decline can be decreased thanks to these contacts, which might be crucial for mental and emotional health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. MAINTENANCE-FREE LIVING</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home upkeep may be a big responsibility, especially as one becomes older. Retirement Villages typically offer maintenance and landscaping services, so home maintenance is no longer a hassle. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Residents may live carefree lives Without worrying about chores like mowing the grass, addressing plumbing problems, or shoveling snow. Instead of wasting their valuable time on home tasks, retirees may now concentrate on what they value and love.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. SAFETY AND SECURITY</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement communities are created with the residents’ protection and safety in mind. Security guards, guarded entrances, and emergency response systems are frequently present.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With these precautions in place, residents and their families may rest easy knowing that assistance is close in the event of unforeseen circumstances. As one becomes older and possibly more concerned about personal safety, this additional degree of security can be quite soothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. HEALTH AND WELLNESS SERVICES</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A variety of health and wellness services are provided by many retirement communities, which can be quite helpful to senior citizens. Common characteristics include access to healthcare professionals, on-site fitness facilities, and exercise sessions.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These programs encourage physical fitness, support residents in leading active lifestyles, and provide the ease of quick access to medical care when required. A fulfilling retirement depends on maintaining a healthy and active lifestyle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. GOURMET DINING</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The days of relying only on fast food or cooking every meal from scratch are long gone. Gourmet eating options are frequently available in retirement communities, with on-site restaurants and culinary staff preparing wholesome meals.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This makes it unnecessary for retirees to go grocery shopping and prepare frequently, enabling them to enjoy daily restaurant-quality meals. It provides an opportunity for residents to interact with one another while dining on a range of cuisines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. RECREATIONAL AND LEISURE ACTIVITIES</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement communities serve as centers for leisure and recreation. There is something for everyone, whether playing cards, picking up a new pastime, or participating in planned events.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These pursuits keep inhabitants occupied and offer chances for personal development and lifetime passions. Retirement homes encourage members to pursue their interests and stay mentally active by offering everything from art classes to book groups.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. DOWNSIZING AND SIMPLIFICATION</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Downsizing and simplifying one’s living arrangements are appealing retirement features for many people. Moving to a more manageable, smaller home frequently results in less clutter and cheaper living expenses. In addition, it allows one to get rid of pointless goods and live a simpler, less-burdened existence.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">EMBRACING RETIREMENT LIVING</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement living has many advantages that can improve older people’s quality of life. These communities cater to retirees’ particular requirements and preferences, from encouraging social relationships to offering a safe and maintenance-free environment.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The benefits of retirement life go beyond practicality; they also include the enhancement of one’s physical, emotional, and mental well-being. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebraggingmommy.com/what-are-the-benefits-of-retirement-living/\">click here.</a></p>\n<!-- /wp:paragraph -->','What Are the Benefits of Retirement Living?','','publish','closed','closed','','what-are-the-benefits-of-retirement-living','','','2024-01-24 20:36:34','2024-01-24 20:36:34','',0,'https://smartinsurance.tips/?p=3765',0,'post','',0),(3766,1,'2024-01-24 20:35:44','2024-01-24 20:35:44','','Untitled-47','','inherit','closed','closed','','untitled-47','','','2024-01-24 20:35:44','2024-01-24 20:35:44','',3765,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-47.png',0,'attachment','image/png',0),(3767,1,'2024-01-24 20:36:34','2024-01-24 20:36:34','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3766,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-47-1024x1024.png\" alt=\"\" class=\"wp-image-3766\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Retirement is a significant life shift that, for many people, marks the beginning of a new era of leisure, personal growth, and quality time with loved ones. Retirement communities are a popular choice for retirees because they offer a variety of benefits that can enhance their general well-being and quality of life.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An in-depth discussion of the benefits of retirement living and why it is an attractive alternative for individuals approaching their golden years will be provided in this article.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1. SOCIAL INTERACTION AND COMPANIONSHIP</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Living in retirement offers the chance for more frequent social connections and companionship, which is one of its most prominent advantages. After retiring, many seniors experience feelings of isolation or loneliness, especially if they live alone.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Retirement homes have a built-in social network that allows members to participate in various group activities, meet new people, and form deep friendships. The risk of depression and cognitive decline can be decreased thanks to these contacts, which might be crucial for mental and emotional health.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2. MAINTENANCE-FREE LIVING</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Home upkeep may be a big responsibility, especially as one becomes older. Retirement Villages typically offer maintenance and landscaping services, so home maintenance is no longer a hassle. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Residents may live carefree lives Without worrying about chores like mowing the grass, addressing plumbing problems, or shoveling snow. Instead of wasting their valuable time on home tasks, retirees may now concentrate on what they value and love.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. SAFETY AND SECURITY</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement communities are created with the residents’ protection and safety in mind. Security guards, guarded entrances, and emergency response systems are frequently present.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With these precautions in place, residents and their families may rest easy knowing that assistance is close in the event of unforeseen circumstances. As one becomes older and possibly more concerned about personal safety, this additional degree of security can be quite soothing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4. HEALTH AND WELLNESS SERVICES</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A variety of health and wellness services are provided by many retirement communities, which can be quite helpful to senior citizens. Common characteristics include access to healthcare professionals, on-site fitness facilities, and exercise sessions.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These programs encourage physical fitness, support residents in leading active lifestyles, and provide the ease of quick access to medical care when required. A fulfilling retirement depends on maintaining a healthy and active lifestyle.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. GOURMET DINING</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The days of relying only on fast food or cooking every meal from scratch are long gone. Gourmet eating options are frequently available in retirement communities, with on-site restaurants and culinary staff preparing wholesome meals.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This makes it unnecessary for retirees to go grocery shopping and prepare frequently, enabling them to enjoy daily restaurant-quality meals. It provides an opportunity for residents to interact with one another while dining on a range of cuisines.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. RECREATIONAL AND LEISURE ACTIVITIES</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement communities serve as centers for leisure and recreation. There is something for everyone, whether playing cards, picking up a new pastime, or participating in planned events.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These pursuits keep inhabitants occupied and offer chances for personal development and lifetime passions. Retirement homes encourage members to pursue their interests and stay mentally active by offering everything from art classes to book groups.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">7. DOWNSIZING AND SIMPLIFICATION</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Downsizing and simplifying one’s living arrangements are appealing retirement features for many people. Moving to a more manageable, smaller home frequently results in less clutter and cheaper living expenses. In addition, it allows one to get rid of pointless goods and live a simpler, less-burdened existence.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">EMBRACING RETIREMENT LIVING</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Retirement living has many advantages that can improve older people’s quality of life. These communities cater to retirees’ particular requirements and preferences, from encouraging social relationships to offering a safe and maintenance-free environment.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The benefits of retirement life go beyond practicality; they also include the enhancement of one’s physical, emotional, and mental well-being. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebraggingmommy.com/what-are-the-benefits-of-retirement-living/\">click here.</a></p>\n<!-- /wp:paragraph -->','What Are the Benefits of Retirement Living?','','inherit','closed','closed','','3765-revision-v1','','','2024-01-24 20:36:34','2024-01-24 20:36:34','',3765,'https://smartinsurance.tips/?p=3767',0,'revision','',0),(3768,1,'2024-01-24 20:38:44','2024-01-24 20:38:44','<!-- wp:paragraph -->\n<p>A few simple, inexpensive home improvements can add major value to 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\":3769,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-48-1024x1024.png\" alt=\"\" class=\"wp-image-3769\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>If you’ve just purchased a home, you’re likely still reeling from the long list of initial costs that come along with homeownership. While you’re focusing on replenishing your savings account and getting accustomed to paying a mortgage, you might not be ready to gut your kitchen and bathrooms and take on a major home overhaul. However, if you have some cash left over after closing, a few simple, inexpensive home improvements can add value to your home and bring it more in line with your tastes. Consider making these updates in your first year of homeownership:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Make basic repairs.</strong>&nbsp;Don’t let that torn screen door or leaky window drive you crazy for years. Go ahead and fix things that are broken before or shortly after you move into your home. You’ll thank yourself later.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Paint.</strong>&nbsp;Painting is one of the simplest, most cost-effective home improvements out there. If you plan to live in your home for a long time, feel free to go wild with color: Paint your kitchen fuchsia and your bedroom lime green if you want to. But if you might only live in your home for a few years, keep resale in mind and choose neutral colors that will appeal to a large pool of buyers. Neutral doesn’t have to mean bland: Beiges, greens and other earth tones are all universally appealing, yet still stylish.<br><br>Also, don’t think of paint as something that’s just for walls. Have outdated, dark wood cabinets? Roll a coat of crisp, white paint on them for an instant kitchen update.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Install new floors.</strong>&nbsp;If your home has carpeting or linoleum that still looks dingy even after a thorough cleaning, new floors could be a great investment. When it comes to resale, hardwood is a timeless option that appeals to most buyers, but it can be expensive. If you want the look of hardwood for less, laminate flooring is a great alternative. And there’s also cork, carpet tiles, vinyl and many other options to suit all tastes and budgets.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Spruce up your ceilings.</strong>&nbsp;Popcorn ceilings were once all the rage, but these days, they make a home look outdated. Fortunately, popcorn ceilings can be remedied. Just visit a local hardware store for a solution to soften the texture, and then scrape the popcorn away. It\'ll bring your house into the new millennium with minimal cost and effort.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Update fixtures and hardware.</strong>&nbsp;Lighting, faucets and doorknobs may seem like details that only the most nitpicky of homeowners would notice, but outdated or cheap fixtures can really affect the overall look of a home. If your home’s brass chandeliers make you feel like you’re stuck in the \'80s, replace them. Even inexpensive options can give your home a much more contemporary look.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Add low-cost landscaping.</strong>&nbsp;Shrubs and colorful plants add beauty and value to your home, but maintaining a landscaped lawn can seem daunting. When you’re shopping at the local garden center, purchase plants that are native to your region or water-conserving, drought-tolerant vegetation. These require less water and maintenance, which means you\'ll save time and have a little more green in your yard&nbsp;<em>and</em>&nbsp;your wallet.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Go green.</strong> Eco-friendly home improvements are a great investment because they add value to your home and save you money in the long run. There are lots of ways to make your home more energy efficient, ranging from simple fixes like adding weather stripping to doors to keep drafts out, to large updates like installing solar panels or a tankless water heater. </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.hgtv.com/lifestyle/real-estate/5-types-of-neighbors-and-how-to-handle-them\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Affordable Updates That Add to Your Home Value','','publish','closed','closed','','7-affordable-updates-that-add-to-your-home-value','','','2024-01-24 20:38:44','2024-01-24 20:38:44','',0,'https://smartinsurance.tips/?p=3768',0,'post','',0),(3769,1,'2024-01-24 20:37:47','2024-01-24 20:37:47','','Untitled-48','','inherit','closed','closed','','untitled-48-2','','','2024-01-24 20:37:47','2024-01-24 20:37:47','',3768,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-48.png',0,'attachment','image/png',0),(3770,1,'2024-01-24 20:38:44','2024-01-24 20:38:44','<!-- wp:paragraph -->\n<p>A few simple, inexpensive home improvements can add major value to 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\":3769,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-48-1024x1024.png\" alt=\"\" class=\"wp-image-3769\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>If you’ve just purchased a home, you’re likely still reeling from the long list of initial costs that come along with homeownership. While you’re focusing on replenishing your savings account and getting accustomed to paying a mortgage, you might not be ready to gut your kitchen and bathrooms and take on a major home overhaul. However, if you have some cash left over after closing, a few simple, inexpensive home improvements can add value to your home and bring it more in line with your tastes. Consider making these updates in your first year of homeownership:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Make basic repairs.</strong>&nbsp;Don’t let that torn screen door or leaky window drive you crazy for years. Go ahead and fix things that are broken before or shortly after you move into your home. You’ll thank yourself later.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Paint.</strong>&nbsp;Painting is one of the simplest, most cost-effective home improvements out there. If you plan to live in your home for a long time, feel free to go wild with color: Paint your kitchen fuchsia and your bedroom lime green if you want to. But if you might only live in your home for a few years, keep resale in mind and choose neutral colors that will appeal to a large pool of buyers. Neutral doesn’t have to mean bland: Beiges, greens and other earth tones are all universally appealing, yet still stylish.<br><br>Also, don’t think of paint as something that’s just for walls. Have outdated, dark wood cabinets? Roll a coat of crisp, white paint on them for an instant kitchen update.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Install new floors.</strong>&nbsp;If your home has carpeting or linoleum that still looks dingy even after a thorough cleaning, new floors could be a great investment. When it comes to resale, hardwood is a timeless option that appeals to most buyers, but it can be expensive. If you want the look of hardwood for less, laminate flooring is a great alternative. And there’s also cork, carpet tiles, vinyl and many other options to suit all tastes and budgets.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Spruce up your ceilings.</strong>&nbsp;Popcorn ceilings were once all the rage, but these days, they make a home look outdated. Fortunately, popcorn ceilings can be remedied. Just visit a local hardware store for a solution to soften the texture, and then scrape the popcorn away. It\'ll bring your house into the new millennium with minimal cost and effort.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Update fixtures and hardware.</strong>&nbsp;Lighting, faucets and doorknobs may seem like details that only the most nitpicky of homeowners would notice, but outdated or cheap fixtures can really affect the overall look of a home. If your home’s brass chandeliers make you feel like you’re stuck in the \'80s, replace them. Even inexpensive options can give your home a much more contemporary look.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Add low-cost landscaping.</strong>&nbsp;Shrubs and colorful plants add beauty and value to your home, but maintaining a landscaped lawn can seem daunting. When you’re shopping at the local garden center, purchase plants that are native to your region or water-conserving, drought-tolerant vegetation. These require less water and maintenance, which means you\'ll save time and have a little more green in your yard&nbsp;<em>and</em>&nbsp;your wallet.<br></li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Go green.</strong> Eco-friendly home improvements are a great investment because they add value to your home and save you money in the long run. There are lots of ways to make your home more energy efficient, ranging from simple fixes like adding weather stripping to doors to keep drafts out, to large updates like installing solar panels or a tankless water heater. </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.hgtv.com/lifestyle/real-estate/5-types-of-neighbors-and-how-to-handle-them\">click here.</a></p>\n<!-- /wp:paragraph -->','7 Affordable Updates That Add to Your Home Value','','inherit','closed','closed','','3768-revision-v1','','','2024-01-24 20:38:44','2024-01-24 20:38:44','',3768,'https://smartinsurance.tips/?p=3770',0,'revision','',0),(3771,1,'2024-01-24 20:41:38','2024-01-24 20:41:38','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3772,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-49-1024x1024.png\" alt=\"\" class=\"wp-image-3772\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a small business, you may want to consider getting a business credit card. The increased purchasing power allows you to finance the goods and services your company needs, keeps your business and personal spending separate, and makes reporting your expenses much easier come tax time. To enjoy the financial and operational benefits that come with a business credit card, it’s important to learn what it takes to get one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A business credit card can help you separate your business and personal expenses&nbsp; and finance your company’s needs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Most business credit card lenders require a personal guarantee, which means you’re on the hook for any balance owed if the business can’t pay.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Business and personal credit cards are similar in many ways, but most provisions within the Truth in Lending Act (TILA) don’t apply to business accounts.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You should compare business credit cards carefully to ensure you get one that meets your business needs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A secured business credit card could be a good option if you have less- than- perfect credit.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-3\">Requirements for a Business Credit Card</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">Every lender will have different requirements for business income, credit score, and other factors. However, you can usually expect a credit card issuer to review both your personal and business credit reports before making a lending decision—especially if your business doesn’t have its own credit history yet. Most business credit card companies will also require a personal guarantee, which means you’re personally liable for any balance or outstanding debt owed if the business can’t pay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">How Business Credit Cards Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Business credit cards and personal credit cards share several similarities. If approved, you’ll get a revolving line of credit you can use to cover any business need that arises. And just like with your personal cards, you’ll need to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li>Manage your business account responsibly by making timely payments.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pay interest on balances you carry over from month to month (unless you’re within an interest-free promotional period).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: Because you may accumulate many expenses on your business credit card, it’s important to obtain cards that offer points and cash-back rewards for travel, shipping costs, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, one key distinction between business and personal credit cards is that the Truth in Lending Act (TILA) only applies to business accounts in limited situations. The TILA was passed to ensure that lenders educate consumers about the terms and cost of the credit being issued. Fortunately, two important provisions of the law cover business owners. You can’t be issued a card unless you requested it, and you won’t be held responsible for fraudulent charges exceeding $50 if your card is lost or stolen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-14\">How To Get a Business Credit Card</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">While getting a business credit card may feel daunting, the steps below can help guide you through the process.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-17\">Check Your Credit</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">It’s critical to first check your personal credit report and correct any errors that you find, which can include incorrect personal information, account status, balance, or credit limit.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">You can access your report from each of the three major nationwide credit bureaus for free by visiting AnnualCreditReport.com.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">If you spot an error, write a letter to both the credit bureau and reporting lender disputing the information. Make sure to include any paperwork that supports your claim. Your dispute must be investigated, and you have the right to contact the Consumer Financial Protection Bureau if the mistake doesn’t get fixed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: By catching and fixing mistakes, you can boost your credit score and increase your chances of getting approved for a business credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-25\">Research Card Options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">There are many business credit cards on the market, so your next step is to research and compare the different options available. Here are some of the elements you should consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-28\"><!-- wp:list-item -->\n<li>Card type (secured, unsecured, low-interest, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Annual percentage rate (APR)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Introductory interest rate&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Promotional interest rate&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fees (annual, late payment, foreign transaction, cash advance, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Rewards (points, airline miles, hotel stays, cash back, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Eligibility requirements (credit score, business income, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Credit reporting (ideally, the card should report to business credit agencies so you can build credit that’s separate from your personal file.)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">When choosing which card to apply for, think about your business needs and goals. If you’re trying to save every penny and believe you may have to carry a balance, a card with no annual fee and a low interest rate may be your best bet. But, if you’re always traveling to grow and manage your company, a card that earns airline miles or hotel stays could be right for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">Apply for a Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Once you’ve identified the right business credit card for your company, it’s time to apply. Each issuer will have its own application form and will require different information to reach a decision. However, you should be prepared to provide several pieces of personal and business information, including your personal annual income, personal credit score, type of business, how long you’ve been in business, annual revenue, federal tax ID, and more.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Options for Those With Poor or Limited Credit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">If your credit history isn’t great (or is non-existent), you may still be able to get a business credit card. For example, a business partner with stellar credit could co-sign on the application to increase your chance of approval. But if that’s not an option, consider these others below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Secured Credit Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">A secured credit card is typically easier to qualify for because you have to give the bank a security deposit (hence the name) to open an account. The value of your security deposit becomes your available credit line. Once approved, you can use the card to make purchases.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Timely payments demonstrate financial responsibility and strengthen your credit profile. If you maintain the account responsibly for long enough, the bank may switch you to an unsecured card, which doesn’t need to be backed by your own money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If you fail to pay the balance owed or default on a secured business credit card, the issuer can take your security deposit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">Vendor Credit</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">To improve your credit standing (and cash flow), you could also apply for vendor credit. With this arrangement, you receive goods and services from your vendor now with the understanding that you’ll pay for them within a specified net term. As long as you pay within that time frame, you won’t get charged any interest. That means you essentially get a short-term interest-free loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Your vendor probably will review your credit before approving your application. But, you can increase your chances of getting a “yes” by paying your invoices on time (or early) for a lengthy period before applying. Plus, you can start with a very short net term, like 10 or 20 days, to show you can handle the responsibility. Then, next time you apply for a business credit card, your list of vendor credit agreements in good standing may help you get approved.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-49\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can you get a business credit card without a personal guarantee?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may be able to get a business credit card without a personal guarantee, but that’s not the norm. Most credit card issuers will require one. That way, if your business can’t cover the debt for any reason, the lender can go after you personally for payment. However, there are a few business credit card options that don’t require this guarantee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What’s the easiest business credit card to qualify for?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The easiest business credit card to qualify for is a secured credit card. A secured credit card is of low risk to the lender because you’re required to back the account with your own money via a security deposit. Plus, if you default, the credit card issuer can take your security deposit as payment.</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-get-a-business-credit-card-5189004\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Get a Business Credit Card','','publish','closed','closed','','how-to-get-a-business-credit-card','','','2024-01-24 20:41:38','2024-01-24 20:41:38','',0,'https://smartinsurance.tips/?p=3771',0,'post','',0),(3772,1,'2024-01-24 20:39:29','2024-01-24 20:39:29','','Untitled-49','','inherit','closed','closed','','untitled-49-3','','','2024-01-24 20:39:29','2024-01-24 20:39:29','',3771,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-49.png',0,'attachment','image/png',0),(3773,1,'2024-01-24 20:41:38','2024-01-24 20:41:38','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3772,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-49-1024x1024.png\" alt=\"\" class=\"wp-image-3772\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">If you own a small business, you may want to consider getting a business credit card. The increased purchasing power allows you to finance the goods and services your company needs, keeps your business and personal spending separate, and makes reporting your expenses much easier come tax time. To enjoy the financial and operational benefits that come with a business credit card, it’s important to learn what it takes to get one.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">Key Takeaways</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A business credit card can help you separate your business and personal expenses&nbsp; and finance your company’s needs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Most business credit card lenders require a personal guarantee, which means you’re on the hook for any balance owed if the business can’t pay.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Business and personal credit cards are similar in many ways, but most provisions within the Truth in Lending Act (TILA) don’t apply to business accounts.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You should compare business credit cards carefully to ensure you get one that meets your business needs.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A secured business credit card could be a good option if you have less- than- perfect credit.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-3\">Requirements for a Business Credit Card</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-4\">Every lender will have different requirements for business income, credit score, and other factors. However, you can usually expect a credit card issuer to review both your personal and business credit reports before making a lending decision—especially if your business doesn’t have its own credit history yet. Most business credit card companies will also require a personal guarantee, which means you’re personally liable for any balance or outstanding debt owed if the business can’t pay.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">How Business Credit Cards Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Business credit cards and personal credit cards share several similarities. If approved, you’ll get a revolving line of credit you can use to cover any business need that arises. And just like with your personal cards, you’ll need to:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-9\"><!-- wp:list-item -->\n<li>Manage your business account responsibly by making timely payments.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pay interest on balances you carry over from month to month (unless you’re within an interest-free promotional period).</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Note: Because you may accumulate many expenses on your business credit card, it’s important to obtain cards that offer points and cash-back rewards for travel, shipping costs, and more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, one key distinction between business and personal credit cards is that the Truth in Lending Act (TILA) only applies to business accounts in limited situations. The TILA was passed to ensure that lenders educate consumers about the terms and cost of the credit being issued. Fortunately, two important provisions of the law cover business owners. You can’t be issued a card unless you requested it, and you won’t be held responsible for fraudulent charges exceeding $50 if your card is lost or stolen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-14\">How To Get a Business Credit Card</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-15\">While getting a business credit card may feel daunting, the steps below can help guide you through the process.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-17\">Check Your Credit</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-18\">It’s critical to first check your personal credit report and correct any errors that you find, which can include incorrect personal information, account status, balance, or credit limit.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-20\">You can access your report from each of the three major nationwide credit bureaus for free by visiting AnnualCreditReport.com.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">If you spot an error, write a letter to both the credit bureau and reporting lender disputing the information. Make sure to include any paperwork that supports your claim. Your dispute must be investigated, and you have the right to contact the Consumer Financial Protection Bureau if the mistake doesn’t get fixed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: By catching and fixing mistakes, you can boost your credit score and increase your chances of getting approved for a business credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-25\">Research Card Options</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">There are many business credit cards on the market, so your next step is to research and compare the different options available. Here are some of the elements you should consider:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-28\"><!-- wp:list-item -->\n<li>Card type (secured, unsecured, low-interest, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Annual percentage rate (APR)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Introductory interest rate&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Promotional interest rate&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Fees (annual, late payment, foreign transaction, cash advance, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Rewards (points, airline miles, hotel stays, cash back, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Eligibility requirements (credit score, business income, etc.)</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Credit reporting (ideally, the card should report to business credit agencies so you can build credit that’s separate from your personal file.)</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">When choosing which card to apply for, think about your business needs and goals. If you’re trying to save every penny and believe you may have to carry a balance, a card with no annual fee and a low interest rate may be your best bet. But, if you’re always traveling to grow and manage your company, a card that earns airline miles or hotel stays could be right for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-32\">Apply for a Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-33\">Once you’ve identified the right business credit card for your company, it’s time to apply. Each issuer will have its own application form and will require different information to reach a decision. However, you should be prepared to provide several pieces of personal and business information, including your personal annual income, personal credit score, type of business, how long you’ve been in business, annual revenue, federal tax ID, and more.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-35\">Options for Those With Poor or Limited Credit</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">If your credit history isn’t great (or is non-existent), you may still be able to get a business credit card. For example, a business partner with stellar credit could co-sign on the application to increase your chance of approval. But if that’s not an option, consider these others below.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-38\">Secured Credit Card</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-39\">A secured credit card is typically easier to qualify for because you have to give the bank a security deposit (hence the name) to open an account. The value of your security deposit becomes your available credit line. Once approved, you can use the card to make purchases.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-41\">Timely payments demonstrate financial responsibility and strengthen your credit profile. If you maintain the account responsibly for long enough, the bank may switch you to an unsecured card, which doesn’t need to be backed by your own money.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Note: If you fail to pay the balance owed or default on a secured business credit card, the issuer can take your security deposit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-44\">Vendor Credit</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-45\">To improve your credit standing (and cash flow), you could also apply for vendor credit. With this arrangement, you receive goods and services from your vendor now with the understanding that you’ll pay for them within a specified net term. As long as you pay within that time frame, you won’t get charged any interest. That means you essentially get a short-term interest-free loan.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">Your vendor probably will review your credit before approving your application. But, you can increase your chances of getting a “yes” by paying your invoices on time (or early) for a lengthy period before applying. Plus, you can start with a very short net term, like 10 or 20 days, to show you can handle the responsibility. Then, next time you apply for a business credit card, your list of vendor credit agreements in good standing may help you get approved.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-49\">Frequently Asked Questions (FAQs)</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can you get a business credit card without a personal guarantee?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You may be able to get a business credit card without a personal guarantee, but that’s not the norm. Most credit card issuers will require one. That way, if your business can’t cover the debt for any reason, the lender can go after you personally for payment. However, there are a few business credit card options that don’t require this guarantee.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What’s the easiest business credit card to qualify for?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The easiest business credit card to qualify for is a secured credit card. A secured credit card is of low risk to the lender because you’re required to back the account with your own money via a security deposit. Plus, if you default, the credit card issuer can take your security deposit as payment.</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-get-a-business-credit-card-5189004\">click here.</a></p>\n<!-- /wp:paragraph -->','How To Get a Business Credit Card','','inherit','closed','closed','','3771-revision-v1','','','2024-01-24 20:41:38','2024-01-24 20:41:38','',3771,'https://smartinsurance.tips/?p=3773',0,'revision','',0),(3774,1,'2024-01-26 15:45:50','2024-01-26 15:45:50','<!-- wp:paragraph -->\n<p>Google and Apple have rolled out passkeys, but the technology isn\'t yet seamless across all browsers, operating systems, and devices.</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\":3775,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-50-1024x1024.png\" alt=\"\" class=\"wp-image-3775\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>For years, security experts have emphasized the importance of creating strong and unique passwords. But even the most complex passwords are vulnerable to phishing, where unsuspecting users are tricked into disclosing their passwords or entering them at a fraudulent look-alike website controlled by the attackers. Even using an authentication app like Authenticator or Authy isn’t foolproof—you could still be tricked into entering your one-time password on a fake log-in page.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Because of the risks of passwords, the tech industry has been eager to create a password-free future. Passkeys—developed by Apple, Google, Microsoft, and others—are an alternative to passwords, and they provide robust protection against phishing attacks and website breaches. The launch of passkeys for Google accounts is the latest step to improving safety on digital accounts and ownership of your personal information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Physical security keys, which can distinguish between legitimate websites and look-alikes, are another technology that many security pros recommend. But passkeys might appeal to more people, because they are free, and you don’t need to carry them around.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Passkeys can be used on phones, tablets, or computers, and implemented across devices. The technology still isn’t as widespread and convenient to use as it could be. However, it’s not too early to consider using it for at least some of your accounts as passkeys continue to be integrated and standardized across services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Passkeys Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Passkeys use public-key encryption for security, which means that one key is stored on your device, and the other is with the service on which your account is held. Passkeys can also be synced to the cloud, and your key can be copied from one device, such as your phone or laptop, to another.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Passkeys require some form of authentication before they can be used. That might be the passcode you use to unlock your screen, or a form of biometric authentication such as a face scan or a fingerprint. That biometric data stays local on your own device—it’s not shared with the services you use.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Using a passkey means you can’t accidentally enter your personal log-in on a malicious site or give it to a phishing account, making passkeys more secure than a traditional password.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What happens if you lose your phone—do you also lose access to your online accounts? This should not be a problem, as long as you’ve connected your passkey across multiple devices. And you can revoke a passkey for your Google account in your password settings, or from your Mac and iCloud keychain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to Get Started With Passkeys</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A handful of services are rolling out passkeys. Android devices may automatically create passkeys when you log in to your Google account. You can start using passkeys for personal Google accounts by going to this page and selecting “start using passkeys.” You need Windows 10 or up to use passkeys on a PC, and Windows 11, version 22H2 or newer to access features such as synchronization. Some browsers might not support passkeys, so you may need to switch to a supported browser to set up a passkey for your Google account. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Apple requires you to use a traditional password to log in to your Apple ID, but creating a passkey on an Apple device will let you sign in with that passkey on any Apple device, as long as your device runs iOS 16 or macOS Ventura or newer, and you are using iCloud Keychain.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can already use passkeys with dozens of companies, such as Best Buy, Hyatt, and PayPal. See this full directory of passkeys. For more information on setup, check out the Freedom of the Press Foundation’s guide to passkeys, or the following instructions for major platforms:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Passkeys on a Google account<br>• Passkeys for Chrome and Android<br>• Passkeys on a Mac<br>• Passkeys on an iPhone <br>• Passkeys on an iPad</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Sharing Your Passkey</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What about the accounts we share with others? You might think that passkeys would make this harder, but Apple allows you to AirDrop a shared passkey with people in physical proximity to you, so you can share accounts with trusted individuals much like you can do for passwords in Apple.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you need to borrow a friend’s phone or use a shared computer, Google lets you scan a one-time QR code from your phone, which will give you access to your account on the borrowed or shared device without storing your passkey on it. The device you’re borrowing just needs to be nearby. (The technology checks to see if the two devices are in Bluetooth range of each other, to protect against remote attacks.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Passkey Limitations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Currently, passkeys are available only on select websites, apps, and services. Keeping track of where you can use them can be challenging. For example, if you use a passkey to log in to an app on your phone, you’ll still need a password on your laptop if you want to use a browser that doesn’t yet work with passkeys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Getting passkeys set up on your various devices can be tricky because things don’t always sync seamlessly. For example, you can share passkeys across Apple devices using iCloud Keychain, and you can share them across Android and Chrome devices using Google Password manager. But there is not yet a seamless and easy way to share passkeys across iPhone and Android devices or across Windows devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology has other quirks, too. You can use passkeys with Apple’s Safari browser, but if you are on a MacBook, you may have to use the Chrome browser to set up a Google passkey. (Check this table to see if you can use passkeys on your preferred operating systems, browsers, and devices.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The user experience around passkeys “can definitely be improved based on availability of the services and lack of consistency around how exactly you get the keys on your devices,” says Martin Shelton, principal researcher at Freedom of the Press Foundation. “That said, I also believe it’s really exciting technology because it could—pending availability—make it a lot easier for people to stop typing their password on malicious websites.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Passkeys are still in their early stages.&nbsp;Given that they’re not yet available for all services, operating systems, and devices, it’s too soon to switch away from using passwords for all your online security. But you can start experimenting with passkeys on accounts where it makes sense for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Either way, you’ll still want to use a password manager to keep your passwords safe. Some password managers even allow you to store passkeys, and more are working on this feature. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can also store passkeys on a security key. That passkey can’t be copied from the security key. That can make it more secure, but it’s important to register these passkeys on multiple keys kept in different locations if you do decide to use them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/electronics/digital-security/should-you-use-passkeys-instead-of-passwords-a1201817243/\">click here.</a></p>\n<!-- /wp:paragraph -->','Should You Use Passkeys Instead of Passwords?','','publish','closed','closed','','should-you-use-passkeys-instead-of-passwords-2','','','2024-01-26 15:45:50','2024-01-26 15:45:50','',0,'https://smartinsurance.tips/?p=3774',0,'post','',0),(3775,1,'2024-01-26 15:43:33','2024-01-26 15:43:33','','Untitled-50','','inherit','closed','closed','','untitled-50-2','','','2024-01-26 15:43:33','2024-01-26 15:43:33','',3774,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-50.png',0,'attachment','image/png',0),(3776,1,'2024-01-26 15:45:50','2024-01-26 15:45:50','<!-- wp:paragraph -->\n<p>Google and Apple have rolled out passkeys, but the technology isn\'t yet seamless across all browsers, operating systems, and devices.</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\":3775,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-50-1024x1024.png\" alt=\"\" class=\"wp-image-3775\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>For years, security experts have emphasized the importance of creating strong and unique passwords. But even the most complex passwords are vulnerable to phishing, where unsuspecting users are tricked into disclosing their passwords or entering them at a fraudulent look-alike website controlled by the attackers. Even using an authentication app like Authenticator or Authy isn’t foolproof—you could still be tricked into entering your one-time password on a fake log-in page.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Because of the risks of passwords, the tech industry has been eager to create a password-free future. Passkeys—developed by Apple, Google, Microsoft, and others—are an alternative to passwords, and they provide robust protection against phishing attacks and website breaches. The launch of passkeys for Google accounts is the latest step to improving safety on digital accounts and ownership of your personal information.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Physical security keys, which can distinguish between legitimate websites and look-alikes, are another technology that many security pros recommend. But passkeys might appeal to more people, because they are free, and you don’t need to carry them around.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Passkeys can be used on phones, tablets, or computers, and implemented across devices. The technology still isn’t as widespread and convenient to use as it could be. However, it’s not too early to consider using it for at least some of your accounts as passkeys continue to be integrated and standardized across services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Passkeys Work</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Passkeys use public-key encryption for security, which means that one key is stored on your device, and the other is with the service on which your account is held. Passkeys can also be synced to the cloud, and your key can be copied from one device, such as your phone or laptop, to another.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Passkeys require some form of authentication before they can be used. That might be the passcode you use to unlock your screen, or a form of biometric authentication such as a face scan or a fingerprint. That biometric data stays local on your own device—it’s not shared with the services you use.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Using a passkey means you can’t accidentally enter your personal log-in on a malicious site or give it to a phishing account, making passkeys more secure than a traditional password.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What happens if you lose your phone—do you also lose access to your online accounts? This should not be a problem, as long as you’ve connected your passkey across multiple devices. And you can revoke a passkey for your Google account in your password settings, or from your Mac and iCloud keychain.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How to Get Started With Passkeys</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A handful of services are rolling out passkeys. Android devices may automatically create passkeys when you log in to your Google account. You can start using passkeys for personal Google accounts by going to this page and selecting “start using passkeys.” You need Windows 10 or up to use passkeys on a PC, and Windows 11, version 22H2 or newer to access features such as synchronization. Some browsers might not support passkeys, so you may need to switch to a supported browser to set up a passkey for your Google account. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Apple requires you to use a traditional password to log in to your Apple ID, but creating a passkey on an Apple device will let you sign in with that passkey on any Apple device, as long as your device runs iOS 16 or macOS Ventura or newer, and you are using iCloud Keychain.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can already use passkeys with dozens of companies, such as Best Buy, Hyatt, and PayPal. See this full directory of passkeys. For more information on setup, check out the Freedom of the Press Foundation’s guide to passkeys, or the following instructions for major platforms:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>• Passkeys on a Google account<br>• Passkeys for Chrome and Android<br>• Passkeys on a Mac<br>• Passkeys on an iPhone <br>• Passkeys on an iPad</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Sharing Your Passkey</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>What about the accounts we share with others? You might think that passkeys would make this harder, but Apple allows you to AirDrop a shared passkey with people in physical proximity to you, so you can share accounts with trusted individuals much like you can do for passwords in Apple.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you need to borrow a friend’s phone or use a shared computer, Google lets you scan a one-time QR code from your phone, which will give you access to your account on the borrowed or shared device without storing your passkey on it. The device you’re borrowing just needs to be nearby. (The technology checks to see if the two devices are in Bluetooth range of each other, to protect against remote attacks.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Passkey Limitations</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Currently, passkeys are available only on select websites, apps, and services. Keeping track of where you can use them can be challenging. For example, if you use a passkey to log in to an app on your phone, you’ll still need a password on your laptop if you want to use a browser that doesn’t yet work with passkeys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Getting passkeys set up on your various devices can be tricky because things don’t always sync seamlessly. For example, you can share passkeys across Apple devices using iCloud Keychain, and you can share them across Android and Chrome devices using Google Password manager. But there is not yet a seamless and easy way to share passkeys across iPhone and Android devices or across Windows devices.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The technology has other quirks, too. You can use passkeys with Apple’s Safari browser, but if you are on a MacBook, you may have to use the Chrome browser to set up a Google passkey. (Check this table to see if you can use passkeys on your preferred operating systems, browsers, and devices.)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The user experience around passkeys “can definitely be improved based on availability of the services and lack of consistency around how exactly you get the keys on your devices,” says Martin Shelton, principal researcher at Freedom of the Press Foundation. “That said, I also believe it’s really exciting technology because it could—pending availability—make it a lot easier for people to stop typing their password on malicious websites.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Passkeys are still in their early stages.&nbsp;Given that they’re not yet available for all services, operating systems, and devices, it’s too soon to switch away from using passwords for all your online security. But you can start experimenting with passkeys on accounts where it makes sense for you.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Either way, you’ll still want to use a password manager to keep your passwords safe. Some password managers even allow you to store passkeys, and more are working on this feature. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can also store passkeys on a security key. That passkey can’t be copied from the security key. That can make it more secure, but it’s important to register these passkeys on multiple keys kept in different locations if you do decide to use them.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.consumerreports.org/electronics/digital-security/should-you-use-passkeys-instead-of-passwords-a1201817243/\">click here.</a></p>\n<!-- /wp:paragraph -->','Should You Use Passkeys Instead of Passwords?','','inherit','closed','closed','','3774-revision-v1','','','2024-01-26 15:45:50','2024-01-26 15:45:50','',3774,'https://smartinsurance.tips/?p=3776',0,'revision','',0),(3777,1,'2024-01-26 15:48:17','2024-01-26 15:48:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3778,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-51-1024x1024.png\" alt=\"\" class=\"wp-image-3778\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Having interviewed and coached hundreds of leaders, I have seen the best and worst of leaders. The worst? Well, they\'re easier to spot because their immaturity stands out, affecting their teams and organizations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Quite truthfully, the lack of maturity in most leadership settings is becoming increasingly obvious. Most organizations are so results-driven and short-term focused, they don\'t put enough emphasis on the actual <em>emotional maturity</em> of the people they hire and promote that will benefit them long-term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The problem with hiring or promoting people strictly based on things like drive, charisma, and achieving results is that we often place selfish, immature individuals into important positions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What sets mature leaders apart</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Taking a chapter out of cutting-edge brain science, maturity requires living and working with both operating systems of the brain -- the right and left hemispheres -- functioning at peak capacity. According to Marcus Warner and Jim Wilder\'s new book, <em>Rare Leadership in the Workplace: Four Uncommon Habits That Improve Focus, Engagement, and Productivity</em>,<em> </em>the two sides drive two completely different operating systems -- the \"fast track\" and the \"slow track.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is where it gets interesting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"The fast track is responsible for regulating emotions and reading the world around us. The slow track helps us solve problems and perform tasks.&nbsp;Most leaders have been trained to solve problems and get work done but have not been trained in relational skills and emotional regulation,\" state the authors. &nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These basics of brain science are what anchor the four R.A.R.E. habits of mature leaders developed by&nbsp;Warner and Wilder: Remain relational, Act like yourself, Return to joy, and Endure hardship well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1.&nbsp;Remain relational</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to the authors, a key aspect of mature leaders that sets them apart is their ability to remain relational when they deal with problems. \"No matter how big the problem, there is always a way to handle it in a way that values the relationship and not just the solution,\" state the authors. To build trust in the people you lead, remaining relational is a leadership habit that must be consistently demonstrated.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2.&nbsp;&nbsp;Act like yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To \"act like yourself\" means acting like an adult. This means having&nbsp;the strength to stand up for yourself&nbsp;but also for those under your care.&nbsp;\"In order to act like yourself, you need to know who you are. Many of us were not raised with a healthy sense of identity and some repair work may be needed. The leaders we trust and respect are the ones who have a well-developed sense of identity and as a result, are free to serve others and take care of their people,\" state the authors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3.&nbsp;&nbsp;Return to joy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The authors say most leaders are running&nbsp;on two types of fuel: the relational fuel of joy and the non-relational fuel of fear. As a motivator, fear is meant to give us energy in short bursts, which is not sustainable for our lives or businesses. Joy, on the other hand, is an endless motivator that should be prioritized when negative emotions threaten to shut down the fast track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"Joy is not a common topic in leadership -- but it should be. Many leaders are results-oriented, bottom-line thinkers who don\'t see the need for sappy emotions like joy. But there is nothing sappy about joy,\" state the authors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4.&nbsp;Endure hardship well</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>\"The great leaders of history are often held in high regard specifically because of their ability to navigate the hard times they faced,\" state the authors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In summary, the authors argue that maturity can transform a workplace from a toxic environment to a place people love to work. And what separates the competent managers people&nbsp;<em>have to&nbsp;</em>follow from the rare leaders people&nbsp;<em>love to&nbsp;</em>follow is emotional and relational maturity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"No one is born with maturity, and it is not simply a choice you make -- it is something that must be earned. Most of us want solutions we can implement today, but practicing maturity and implementing new habits can span months or even years. It is a capacity we develop over time that requires the help of others.\"</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.inc.com/marcel-schwantes/how-can-you-be-sure-someone-has-what-it-takes-to-lead-people-look-for-4-rare-habits.html\">click here.</a></p>\n<!-- /wp:paragraph -->','How Can You Be Sure Someone Has What It Takes to Lead People? Look for 4 Rare Habits.','','publish','closed','closed','','how-can-you-be-sure-someone-has-what-it-takes-to-lead-people-look-for-4-rare-habits','','','2024-01-26 15:48:17','2024-01-26 15:48:17','',0,'https://smartinsurance.tips/?p=3777',0,'post','',0),(3778,1,'2024-01-26 15:47:07','2024-01-26 15:47:07','','Untitled-51','','inherit','closed','closed','','untitled-51','','','2024-01-26 15:47:07','2024-01-26 15:47:07','',3777,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-51.png',0,'attachment','image/png',0),(3779,1,'2024-01-26 15:48:17','2024-01-26 15:48:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3778,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-51-1024x1024.png\" alt=\"\" class=\"wp-image-3778\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>Having interviewed and coached hundreds of leaders, I have seen the best and worst of leaders. The worst? Well, they\'re easier to spot because their immaturity stands out, affecting their teams and organizations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Quite truthfully, the lack of maturity in most leadership settings is becoming increasingly obvious. Most organizations are so results-driven and short-term focused, they don\'t put enough emphasis on the actual <em>emotional maturity</em> of the people they hire and promote that will benefit them long-term.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The problem with hiring or promoting people strictly based on things like drive, charisma, and achieving results is that we often place selfish, immature individuals into important positions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What sets mature leaders apart</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Taking a chapter out of cutting-edge brain science, maturity requires living and working with both operating systems of the brain -- the right and left hemispheres -- functioning at peak capacity. According to Marcus Warner and Jim Wilder\'s new book, <em>Rare Leadership in the Workplace: Four Uncommon Habits That Improve Focus, Engagement, and Productivity</em>,<em> </em>the two sides drive two completely different operating systems -- the \"fast track\" and the \"slow track.\"</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is where it gets interesting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"The fast track is responsible for regulating emotions and reading the world around us. The slow track helps us solve problems and perform tasks.&nbsp;Most leaders have been trained to solve problems and get work done but have not been trained in relational skills and emotional regulation,\" state the authors. &nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These basics of brain science are what anchor the four R.A.R.E. habits of mature leaders developed by&nbsp;Warner and Wilder: Remain relational, Act like yourself, Return to joy, and Endure hardship well.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">1.&nbsp;Remain relational</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>According to the authors, a key aspect of mature leaders that sets them apart is their ability to remain relational when they deal with problems. \"No matter how big the problem, there is always a way to handle it in a way that values the relationship and not just the solution,\" state the authors. To build trust in the people you lead, remaining relational is a leadership habit that must be consistently demonstrated.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">2.&nbsp;&nbsp;Act like yourself</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To \"act like yourself\" means acting like an adult. This means having&nbsp;the strength to stand up for yourself&nbsp;but also for those under your care.&nbsp;\"In order to act like yourself, you need to know who you are. Many of us were not raised with a healthy sense of identity and some repair work may be needed. The leaders we trust and respect are the ones who have a well-developed sense of identity and as a result, are free to serve others and take care of their people,\" state the authors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3.&nbsp;&nbsp;Return to joy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The authors say most leaders are running&nbsp;on two types of fuel: the relational fuel of joy and the non-relational fuel of fear. As a motivator, fear is meant to give us energy in short bursts, which is not sustainable for our lives or businesses. Joy, on the other hand, is an endless motivator that should be prioritized when negative emotions threaten to shut down the fast track.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"Joy is not a common topic in leadership -- but it should be. Many leaders are results-oriented, bottom-line thinkers who don\'t see the need for sappy emotions like joy. But there is nothing sappy about joy,\" state the authors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">4.&nbsp;Endure hardship well</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>\"The great leaders of history are often held in high regard specifically because of their ability to navigate the hard times they faced,\" state the authors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In summary, the authors argue that maturity can transform a workplace from a toxic environment to a place people love to work. And what separates the competent managers people&nbsp;<em>have to&nbsp;</em>follow from the rare leaders people&nbsp;<em>love to&nbsp;</em>follow is emotional and relational maturity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"No one is born with maturity, and it is not simply a choice you make -- it is something that must be earned. Most of us want solutions we can implement today, but practicing maturity and implementing new habits can span months or even years. It is a capacity we develop over time that requires the help of others.\"</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.inc.com/marcel-schwantes/how-can-you-be-sure-someone-has-what-it-takes-to-lead-people-look-for-4-rare-habits.html\">click here.</a></p>\n<!-- /wp:paragraph -->','How Can You Be Sure Someone Has What It Takes to Lead People? Look for 4 Rare Habits.','','inherit','closed','closed','','3777-revision-v1','','','2024-01-26 15:48:17','2024-01-26 15:48:17','',3777,'https://smartinsurance.tips/?p=3779',0,'revision','',0),(3780,1,'2024-01-26 15:54:40','2024-01-26 15:54:40','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3781,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-52-1024x1024.png\" alt=\"\" class=\"wp-image-3781\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>It is more important than ever to prioritize our health as we become older. A healthy lifestyle not only improves our wellbeing but also makes it possible for us to enjoy full, active lives as we age. The information and advice in this guide may be useful for seniors who want to retain excellent health and take advantage of their senior years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Senior Health and Wellness Overview</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Our bodies change as we age, even while leading a healthy lifestyle can help prevent health problems and increase quality of life. For seniors, maintaining their physical, mental, and emotional wellness should come first. Here is a detailed guide on maintaining a healthy lifestyle as you age.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Providing Your Body with Nutrients</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Prioritize a well-balanced diet full of whole grains, lean meats, fresh fruits and vegetables, and healthy fats.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Reduce your intake of processed foods, salt, and sugar to lower your risk of chronic diseases including diabetes and hypertension.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To create a customized meal plan that suits your nutritional preferences, speak with a nutritionist.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Maintaining Your Activity While Exercising</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To keep your flexibility, strength, and cardiovascular health in check, engage in regular exercise like walking, swimming, yoga, or tai chi.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Plan to exercise for at least 150 minutes per week in a moderate manner, as advised by medical professionals.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To avoid falls and enhance mobility, incorporate balance and flexibility exercises.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Before beginning a new exercise programme, speak with your doctor.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Mind-Care for Emotional and Mental Health</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Get in touch with friends and family and take part in events with other people to maintain an active social life.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To keep your cognitive health, engage in brain-stimulating activities like crossword puzzles, reading, or learning a new skill.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To reduce stress and encourage emotional wellbeing, try mindfulness practices, meditation, or deep breathing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you’re having trouble with anxiety, despair, or loneliness, get professional assistance.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Regular Medical Exams: Monitoring Your Health</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To check your general health and address any difficulties, schedule regular appointments with your healthcare provider.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep up with vaccinations, tests, and preventative measures to spot potential health issues early.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep a record of your prescriptions, allergies, and medical history to give to medical experts.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider senior health insurance options like ALTCS (Arizona Long Term Care System) to provide access to necessary medical procedures.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><br><strong>Prioritizing restorative sleep during sleeping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>For general health and vitality, you should aim for 7-9 hours of undisturbed sleep each night.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Create a soothing bedtime routine to signal to your body that it is time to unwind.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To encourage restful sleep, make sure your bedroom is cosy, serene, and dark.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consult your doctor if you are having difficulties falling or staying asleep.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Hobbies participation: Finding fulfillment</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Follow your interests, whether they are in music, painting, gardening, or any other hobby.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>improving mental and emotional well-being through purposeful and innovative work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look into neighborhood community centers or senior organizations to meet individuals who share your interests.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It’s never too late to pursue your ambitions, so don’t be afraid to pick up new talents or go off on exciting new experiences.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Prioritizing self-care while ensuring safety and hygiene</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Uphold a high degree of cleanliness to ward off illnesses and promote overall wellness.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>By removing trip hazards, adding grab bars, and adding the right lighting, you may make your home safer.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you need extra assistance, think about hiring home care services or assisted living facilities.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Review and update your legal and financial papers, such as wills and powers of attorney, on a regular basis.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Judicious spending while securing the future</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>By creating a smart budget and making wise investments, you can protect your financial stability and get ready for retirement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Do your research on government assistance programmes for seniors who require long-term care, such as ALTCS.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consult a financial counselor to develop a thorough plan that meets your needs and objectives.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><br><strong>Accepting Change Will Help You Get Ready for New Stages in Life</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Accept the changes that come with aging and keep an open mind while confronting new challenges.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Embrace a network of family, friends, and experts who can offer support, advice, and assistance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Develop resilience and optimism to face life’s ups and downs gracefully.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Never lose sight of the fact that anybody may live a happy, healthy life, and that every second offers the chance to make important choices.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>You may considerably improve your welfare and make the most of your senior years by incorporating these suggestions into your daily life. You can live a robust and fulfilling life that improves with age by putting your health first, accepting change, and being active in life’s possibilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong><br></strong><strong>Through Social Interaction, Establishing Meaningful Connections</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By maintaining solid social ties, you can fight social isolation and loneliness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Participate in social activities, such as taking group lessons, attending community events, or joining groups.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in touch with your loved ones on a regular basis, whether it is by phone, video chat, or in-person visits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Additional benefits of human interaction include emotional support, a sense of belonging, and a sense of purpose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebraggingmommy.com/how-to-continue-living-a-healthy-lifestyle-as-you-age/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Continue Living a Healthy Lifestyle as You Age','','publish','closed','closed','','how-to-continue-living-a-healthy-lifestyle-as-you-age','','','2024-01-26 15:54:40','2024-01-26 15:54:40','',0,'https://smartinsurance.tips/?p=3780',0,'post','',0),(3781,1,'2024-01-26 15:52:30','2024-01-26 15:52:30','','Untitled-52','','inherit','closed','closed','','untitled-52','','','2024-01-26 15:52:30','2024-01-26 15:52:30','',3780,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-52.png',0,'attachment','image/png',0),(3782,1,'2024-01-26 15:54:40','2024-01-26 15:54:40','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3781,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-52-1024x1024.png\" alt=\"\" class=\"wp-image-3781\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p>It is more important than ever to prioritize our health as we become older. A healthy lifestyle not only improves our wellbeing but also makes it possible for us to enjoy full, active lives as we age. The information and advice in this guide may be useful for seniors who want to retain excellent health and take advantage of their senior years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Senior Health and Wellness Overview</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Our bodies change as we age, even while leading a healthy lifestyle can help prevent health problems and increase quality of life. For seniors, maintaining their physical, mental, and emotional wellness should come first. Here is a detailed guide on maintaining a healthy lifestyle as you age.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Providing Your Body with Nutrients</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Prioritize a well-balanced diet full of whole grains, lean meats, fresh fruits and vegetables, and healthy fats.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Reduce your intake of processed foods, salt, and sugar to lower your risk of chronic diseases including diabetes and hypertension.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To create a customized meal plan that suits your nutritional preferences, speak with a nutritionist.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Maintaining Your Activity While Exercising</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To keep your flexibility, strength, and cardiovascular health in check, engage in regular exercise like walking, swimming, yoga, or tai chi.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Plan to exercise for at least 150 minutes per week in a moderate manner, as advised by medical professionals.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To avoid falls and enhance mobility, incorporate balance and flexibility exercises.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Before beginning a new exercise programme, speak with your doctor.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Mind-Care for Emotional and Mental Health</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Get in touch with friends and family and take part in events with other people to maintain an active social life.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To keep your cognitive health, engage in brain-stimulating activities like crossword puzzles, reading, or learning a new skill.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To reduce stress and encourage emotional wellbeing, try mindfulness practices, meditation, or deep breathing.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you’re having trouble with anxiety, despair, or loneliness, get professional assistance.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Regular Medical Exams: Monitoring Your Health</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>To check your general health and address any difficulties, schedule regular appointments with your healthcare provider.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep up with vaccinations, tests, and preventative measures to spot potential health issues early.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Keep a record of your prescriptions, allergies, and medical history to give to medical experts.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consider senior health insurance options like ALTCS (Arizona Long Term Care System) to provide access to necessary medical procedures.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><br><strong>Prioritizing restorative sleep during sleeping</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>For general health and vitality, you should aim for 7-9 hours of undisturbed sleep each night.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Create a soothing bedtime routine to signal to your body that it is time to unwind.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To encourage restful sleep, make sure your bedroom is cosy, serene, and dark.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consult your doctor if you are having difficulties falling or staying asleep.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Hobbies participation: Finding fulfillment</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Follow your interests, whether they are in music, painting, gardening, or any other hobby.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>improving mental and emotional well-being through purposeful and innovative work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Look into neighborhood community centers or senior organizations to meet individuals who share your interests.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It’s never too late to pursue your ambitions, so don’t be afraid to pick up new talents or go off on exciting new experiences.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Prioritizing self-care while ensuring safety and hygiene</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Uphold a high degree of cleanliness to ward off illnesses and promote overall wellness.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>By removing trip hazards, adding grab bars, and adding the right lighting, you may make your home safer.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you need extra assistance, think about hiring home care services or assisted living facilities.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Review and update your legal and financial papers, such as wills and powers of attorney, on a regular basis.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Judicious spending while securing the future</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>By creating a smart budget and making wise investments, you can protect your financial stability and get ready for retirement.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Do your research on government assistance programmes for seniors who require long-term care, such as ALTCS.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Consult a financial counselor to develop a thorough plan that meets your needs and objectives.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><br><strong>Accepting Change Will Help You Get Ready for New Stages in Life</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Accept the changes that come with aging and keep an open mind while confronting new challenges.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Embrace a network of family, friends, and experts who can offer support, advice, and assistance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Develop resilience and optimism to face life’s ups and downs gracefully.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Never lose sight of the fact that anybody may live a happy, healthy life, and that every second offers the chance to make important choices.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>You may considerably improve your welfare and make the most of your senior years by incorporating these suggestions into your daily life. You can live a robust and fulfilling life that improves with age by putting your health first, accepting change, and being active in life’s possibilities.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong><br></strong><strong>Through Social Interaction, Establishing Meaningful Connections</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By maintaining solid social ties, you can fight social isolation and loneliness.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Participate in social activities, such as taking group lessons, attending community events, or joining groups.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in touch with your loved ones on a regular basis, whether it is by phone, video chat, or in-person visits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Additional benefits of human interaction include emotional support, a sense of belonging, and a sense of purpose.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.thebraggingmommy.com/how-to-continue-living-a-healthy-lifestyle-as-you-age/\">click here.</a></p>\n<!-- /wp:paragraph -->','How to Continue Living a Healthy Lifestyle as You Age','','inherit','closed','closed','','3780-revision-v1','','','2024-01-26 15:54:40','2024-01-26 15:54:40','',3780,'https://smartinsurance.tips/?p=3782',0,'revision','',0),(3783,1,'2024-01-26 16:00:09','2024-01-26 16:00:09','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3784,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-55-1024x1024.png\" alt=\"\" class=\"wp-image-3784\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">When renting a car, you need some types of coverage. But you may already have the required coverage through your personal auto insurance policy or a credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Here’s how to decide when it’s worth it to&nbsp;pay for coverage.</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>Rental car insurance can help protect you from out-of-pocket expenses in case of an accident, theft, or damage to the rental vehicle, but the daily fee will increase your rental cost.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your personal auto insurance policy may already provide adequate coverage when you rent a car, so you may not need additional rental car insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some credit cards offer car insurance benefits if you pay the full rental cost with the card.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The best way to decide if you need car rental insurance is to understand the coverage you already have and what is covered (and isn’t) if you add other protections.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">What Does Rental Car Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">You’ll likely be offered optional rental car coverage at the counter when you rent a car. These coverage types may differ based on which state you’re renting in, but they typically include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">Collision Damage Waiver (or Loss Damage Waiver)</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">For an extra daily fee on your rental, a collision damage waiver/loss damage waiver (CDW/LDW) can cover any vehicle repair costs if you’re in an accident or if the car is vandalized or damaged during your rental period. It may also cover theft of the rental vehicle. A partial CDW only partially covers the cost and may require you to pay a deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-12\">Personal Effects Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">This optional coverage will reimburse you and the people you’re traveling with for stolen or damaged personal items and luggage while in your rental car.1</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">Personal Accident Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This insurance pays for medical expenses, including ambulance transport and hospital care, if you or your passengers are injured while in your rental car. It may also provide benefits for an accidental death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">Supplemental Liability Protection</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Supplemental liability insurance (SLI) increases the liability coverage dollar amount if you injure someone else or damage their property in an accident. It may also cover damage from uninsured and underinsured drivers. For example, SLI could offer up to $1 million in coverage. And if you have your own auto insurance policy, it could cover the difference between your policy’s coverage and $1 million in damage that you cause to others.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-21\">Emergency Roadside Service</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">This service pays for lost or damaged keys and any towing or taxi charges resulting from broken or lost keys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">Emergency Sickness Protection</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">This coverage is intended only for international travelers and covers non-U.S. residents for medical and surgical treatments, ambulance, dental and medical office visits, and more. Significant exclusions may be listed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most rental car and credit card coverage policies have long lists of exclusions and prohibited behaviors that limit coverage. For example, your CDW may not offer coverage for injury or death while driving under the influence, from a preexisting condition, or if you’re renting the car to get medical treatment. Ensure that you understand your rental car insurance policy’s rules before driving away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">Does My Insurance Cover Rental Cars?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If you have insurance policies, the following coverages may extend to driving a rental car:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-32\"><!-- wp:list-item -->\n<li>Auto liability insurance: Covers damage you cause to others (liability) up to your limits</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Auto collision and comprehensive coverage: Covers damage to the rental car</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance: Covers items you have in the car if stolen or damaged</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical insurance: Covers injuries you sustain in an accident</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Life insurance: Provides death benefits if you die in an accident&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Depending on your home state or the state where you rent the car, your auto insurance may even cover rental car damage if you’re in an accident, even if you don’t have collision coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">However, you must pay your deductible out of pocket for damages and injuries, and you are only insured up to your coverage limits in some cases. Some personal auto insurance policies may limit how long you can rent cars for and be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Your insurance may not cover costs that the rental car company could charge you for, like loss of use, which is lost income from being unable to rent the car while it’s repaired. Your insurance may also not pay administrative fees and other charges.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-42\">Rental Car Insurance vs. Your Own Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">If you’re unsure if you need to get car rental insurance when you rent a car, here’s a look at how you could be covered with and without it. Remember that you likely must pay out of pocket if you don’t have a personal policy for the following.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Risk</strong></th><th><strong>Rental Insurance</strong></th><th><strong>Personal Policy</strong></th></tr></thead><tbody><tr><th><strong>Rental car damage</strong></th><td>CDW typically repairs vehicle damage and associated fees and costs such as loss of use. May not charge deductibles.</td><td>Typically only covers repairs or vehicle replacement up to the car’s actual value and only if you have collision and/or comprehensive coverage. Charges deductibles.</td></tr><tr><th><strong>Damage you cause to other people or property</strong></th><td>Supplemental liability coverage is available, but the car rental may include state-required minimum liability insurance.</td><td>Your auto policy likely includes adequate liability insurance since many states require it.</td></tr><tr><th><strong>Personal injuries</strong></th><td>Covers medical bills related to a car accident, even in an international location.</td><td>Emergency treatment should be covered by health insurance, personal injury protection (PIP), or medical payments as part of your auto insurance.</td></tr><tr><th><strong>Accidental death</strong></th><td>May be included in medical or accident coverage.</td><td>Life insurance policies offer death benefits and may even pay more for an accidental death. Or you may buy a travel insurance policy.</td></tr><tr><th><strong>Stolen or damaged belongings</strong></th><td>Personal effects coverage provides coverage, but with many limitations.</td><td>A homeowners policy may have fewer limits but charge you a deductible.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">Other Alternatives</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Other ways to get rental car coverage include the following.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-50\">Credit Card Rental Car Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">Some credit cards provide rental car insurance as a benefit if you pay the entire rental cost with the card. This insurance only covers rental car damage, not liability. Your credit card benefits description will clearly state which coverage type you have. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-53\"><!-- wp:list-item -->\n<li><strong>Primary rental car insurance</strong>: This means that your credit card company will act as your main insurance coverage for rental car damage so that you don’t have to file a claim with your car insurance carrier. Remember: You will still need to file a claim if you damaged someone else’s vehicle or hurt them in an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Secondary rental car insurance</strong>: This insurance can piggyback off of your personal auto insurance policy, covering your deductible and other costs beyond your insurance limits for rental car damage. In some cases, such as international car rental or if you don’t have a primary form of auto insurance, secondary insurance becomes primary insurance.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Some credit cards also offer accidental injury and death insurance and coverage for your luggage and other belongings. Read the card policy carefully for coverage rules and exclusions. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Credit card rental coverage may not extend to some types of car rentals or rentals in certain countries. If you’re relying on your card for protection, take the time to confirm that your rental circumstances aren’t excluded from coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-59\">Car Rental Travel Insurance (Third Parties)</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-60\">Depending on your itinerary and destination, you could buy insurance from a third party that includes car rental insurance, medical expenses, and protection for personal items. For example, this may be helpful when traveling abroad if auto policies and credit card insurance benefits don’t provide the specific coverages necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-62\">Special Considerations: Driving Abroad&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">It’s a good idea to speak to your agent to find out if you need to purchase special rental car insurance that will protect you in other countries. For example, if you travel to another country, your personal insurance will probably not cover rental cars. You may also decide to seek out a third-party policy for other potential accidents or injuries that happen abroad.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-65\">Price of Rental Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-66\">You can expect to pay around $30 to $50 per day extra, on average, if you decide to add on CDW/LDW and other coverages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">We collected quotes from three rental car providers across three locations (Orlando, Florida; Las Vegas; and Boston) for an economy-sized car in June 2023. Crunching the numbers, we discovered the average car rental insurance costs. Here are the results, rounded to the nearest dollar.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\">Coverage cost factors depend primarily on the location or state where you’re renting and the car’s value. You may pay far more for luxury vehicles. You may pay less when choosing more than two qualifying coverage products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-74\">Should I Get Rental Car Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-75\">Rental car insurance can be a good idea in certain circumstances and a waste of money in others.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">Consider car rental insurance if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-79\"><!-- wp:list-item -->\n<li>Don’t have liability or rental vehicle damage coverage from a personal car insurance policy or a credit card.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Don’t want to deal with the hassle of claims, reimbursement, or other administrative expenses that your insurance company won’t pay.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Want to avoid filing a claim and paying a deductible for a minor fender-bender.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Want additional coverage because the car you’re renting is worth well beyond credit card or personal policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Plan to share driving duties with someone not insured by your policy to ease future claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-81\">Skip the rental car insurance if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-83\"><!-- wp:list-item -->\n<li>Have full auto insurance coverage with ample liability limits and a deductible you can handle, and you can pay loss of use or other expenses out of pocket without worry.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Have health insurance for medical expenses and homeowners coverage for stolen or damaged personal belongings.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Have a credit card with robust primary or secondary rental car coverage, and you can charge the entire amount to the card as required.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Are traveling to a destination covered by your car and/or credit card insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Find a similar third-party travel insurance policy at a lower price.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Difference Between Rental Car Insurance and Rental Car Reimbursement Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rental car insurance covers costs associated with car damage resulting from an accident, theft, or vandalism. In contrast, rental car reimbursement coverage is optional personal auto coverage for your car. It covers up to a set amount per day if you have to rent a car while your vehicle is being repaired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Do I Need Rental Car Insurance If I Rent a Car Abroad?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When traveling abroad, figure out if and how you’re covered for an accident while driving, including any injuries, damage, and injuries to others. Check with your personal auto insurance company, your health insurance carrier, and your credit cards to get the specifics. If you don’t have adequate coverage (or none at all), you can decide if rental car company coverage or third-party travel insurance will best suit your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does My Credit Card Cover Rental Car Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many credit cards offer secondary rental car insurance for physical damage, which may become primary in limited situations. Call your card to find out how your coverage works. The list of credit cards that offer primary rental car insurance isn’t very long, but if you have travel rewards cards, look to see if it’s a featured benefit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>our American Express card may provide secondary rental car physical damage coverage. American Express. “Car Rental Loss and Damage Insurance Plan Documents,” Page 11. But you can add primary rental car coverage (called American Express Premium Car Rental Protection) that piggybacks on your card for a per-rental fee and features expanded benefits beyond traditional primary coverage. However, you must sign up before renting the car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Temporary Car Insurance Cover Rental Cars?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Temporary car insurance policies are not really available in the United States for less than six months at a time. These policies may be more available in other countries, such as the United Kingdom—where you can purchase a policy term for as short as one hour and as long as 30 days, for instance. You can also purchase short-term travel insurance policies that provide some damage coverage in the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-93\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-94\">Don’t walk up to the rental counter blindsided and confused about whether the rental company’s coverage is worth it. Whether or not you need rental car insurance depends on the coverages that you already carry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-96\">Compare your coverage through your insurance or credit card to your particular car rental situation. Your best bet is to call your auto insurance agent and/or credit card company and ask if and how you’re covered before picking up your rental car.</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/do-i-need-rental-car-insurance-7546688\">click here.</a></p>\n<!-- /wp:paragraph -->','Do I Need Rental Car Insurance?','','publish','closed','closed','','do-i-need-rental-car-insurance-2','','','2024-01-26 16:00:09','2024-01-26 16:00:09','',0,'https://smartinsurance.tips/?p=3783',0,'post','',0),(3784,1,'2024-01-26 15:56:14','2024-01-26 15:56:14','','Untitled-55','','inherit','closed','closed','','untitled-55','','','2024-01-26 15:56:14','2024-01-26 15:56:14','',3783,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-55.png',0,'attachment','image/png',0),(3785,1,'2024-01-26 16:00:09','2024-01-26 16:00:09','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3784,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-55-1024x1024.png\" alt=\"\" class=\"wp-image-3784\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0\">When renting a car, you need some types of coverage. But you may already have the required coverage through your personal auto insurance policy or a credit card.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-2\">Here’s how to decide when it’s worth it to&nbsp;pay for coverage.</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>Rental car insurance can help protect you from out-of-pocket expenses in case of an accident, theft, or damage to the rental vehicle, but the daily fee will increase your rental cost.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your personal auto insurance policy may already provide adequate coverage when you rent a car, so you may not need additional rental car insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Some credit cards offer car insurance benefits if you pay the full rental cost with the card.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The best way to decide if you need car rental insurance is to understand the coverage you already have and what is covered (and isn’t) if you add other protections.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">What Does Rental Car Insurance Cover?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">You’ll likely be offered optional rental car coverage at the counter when you rent a car. These coverage types may differ based on which state you’re renting in, but they typically include:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-9\">Collision Damage Waiver (or Loss Damage Waiver)</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-10\">For an extra daily fee on your rental, a collision damage waiver/loss damage waiver (CDW/LDW) can cover any vehicle repair costs if you’re in an accident or if the car is vandalized or damaged during your rental period. It may also cover theft of the rental vehicle. A partial CDW only partially covers the cost and may require you to pay a deductible.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-12\">Personal Effects Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-13\">This optional coverage will reimburse you and the people you’re traveling with for stolen or damaged personal items and luggage while in your rental car.1</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-15\">Personal Accident Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-16\">This insurance pays for medical expenses, including ambulance transport and hospital care, if you or your passengers are injured while in your rental car. It may also provide benefits for an accidental death.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-18\">Supplemental Liability Protection</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">Supplemental liability insurance (SLI) increases the liability coverage dollar amount if you injure someone else or damage their property in an accident. It may also cover damage from uninsured and underinsured drivers. For example, SLI could offer up to $1 million in coverage. And if you have your own auto insurance policy, it could cover the difference between your policy’s coverage and $1 million in damage that you cause to others.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-21\">Emergency Roadside Service</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">This service pays for lost or damaged keys and any towing or taxi charges resulting from broken or lost keys.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-24\">Emergency Sickness Protection</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-25\">This coverage is intended only for international travelers and covers non-U.S. residents for medical and surgical treatments, ambulance, dental and medical office visits, and more. Significant exclusions may be listed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Warning:</strong> Most rental car and credit card coverage policies have long lists of exclusions and prohibited behaviors that limit coverage. For example, your CDW may not offer coverage for injury or death while driving under the influence, from a preexisting condition, or if you’re renting the car to get medical treatment. Ensure that you understand your rental car insurance policy’s rules before driving away.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-29\">Does My Insurance Cover Rental Cars?&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">If you have insurance policies, the following coverages may extend to driving a rental car:&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-32\"><!-- wp:list-item -->\n<li>Auto liability insurance: Covers damage you cause to others (liability) up to your limits</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Auto collision and comprehensive coverage: Covers damage to the rental car</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Homeowners insurance: Covers items you have in the car if stolen or damaged</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Medical insurance: Covers injuries you sustain in an accident</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Life insurance: Provides death benefits if you die in an accident&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Depending on your home state or the state where you rent the car, your auto insurance may even cover rental car damage if you’re in an accident, even if you don’t have collision coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-36\">However, you must pay your deductible out of pocket for damages and injuries, and you are only insured up to your coverage limits in some cases. Some personal auto insurance policies may limit how long you can rent cars for and be covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">Your insurance may not cover costs that the rental car company could charge you for, like loss of use, which is lost income from being unable to rent the car while it’s repaired. Your insurance may also not pay administrative fees and other charges.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-42\">Rental Car Insurance vs. Your Own Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-43\">If you’re unsure if you need to get car rental insurance when you rent a car, here’s a look at how you could be covered with and without it. Remember that you likely must pay out of pocket if you don’t have a personal policy for the following.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:table -->\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Risk</strong></th><th><strong>Rental Insurance</strong></th><th><strong>Personal Policy</strong></th></tr></thead><tbody><tr><th><strong>Rental car damage</strong></th><td>CDW typically repairs vehicle damage and associated fees and costs such as loss of use. May not charge deductibles.</td><td>Typically only covers repairs or vehicle replacement up to the car’s actual value and only if you have collision and/or comprehensive coverage. Charges deductibles.</td></tr><tr><th><strong>Damage you cause to other people or property</strong></th><td>Supplemental liability coverage is available, but the car rental may include state-required minimum liability insurance.</td><td>Your auto policy likely includes adequate liability insurance since many states require it.</td></tr><tr><th><strong>Personal injuries</strong></th><td>Covers medical bills related to a car accident, even in an international location.</td><td>Emergency treatment should be covered by health insurance, personal injury protection (PIP), or medical payments as part of your auto insurance.</td></tr><tr><th><strong>Accidental death</strong></th><td>May be included in medical or accident coverage.</td><td>Life insurance policies offer death benefits and may even pay more for an accidental death. Or you may buy a travel insurance policy.</td></tr><tr><th><strong>Stolen or damaged belongings</strong></th><td>Personal effects coverage provides coverage, but with many limitations.</td><td>A homeowners policy may have fewer limits but charge you a deductible.</td></tr></tbody></table></figure>\n<!-- /wp:table -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-47\">Other Alternatives</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-48\">Other ways to get rental car coverage include the following.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-50\">Credit Card Rental Car Insurance</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">Some credit cards provide rental car insurance as a benefit if you pay the entire rental cost with the card. This insurance only covers rental car damage, not liability. Your credit card benefits description will clearly state which coverage type you have. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-53\"><!-- wp:list-item -->\n<li><strong>Primary rental car insurance</strong>: This means that your credit card company will act as your main insurance coverage for rental car damage so that you don’t have to file a claim with your car insurance carrier. Remember: You will still need to file a claim if you damaged someone else’s vehicle or hurt them in an accident.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Secondary rental car insurance</strong>: This insurance can piggyback off of your personal auto insurance policy, covering your deductible and other costs beyond your insurance limits for rental car damage. In some cases, such as international car rental or if you don’t have a primary form of auto insurance, secondary insurance becomes primary insurance.&nbsp;</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">Some credit cards also offer accidental injury and death insurance and coverage for your luggage and other belongings. Read the card policy carefully for coverage rules and exclusions. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Important: </strong>Credit card rental coverage may not extend to some types of car rentals or rentals in certain countries. If you’re relying on your card for protection, take the time to confirm that your rental circumstances aren’t excluded from coverage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-59\">Car Rental Travel Insurance (Third Parties)</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-60\">Depending on your itinerary and destination, you could buy insurance from a third party that includes car rental insurance, medical expenses, and protection for personal items. For example, this may be helpful when traveling abroad if auto policies and credit card insurance benefits don’t provide the specific coverages necessary.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-62\">Special Considerations: Driving Abroad&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-63\">It’s a good idea to speak to your agent to find out if you need to purchase special rental car insurance that will protect you in other countries. For example, if you travel to another country, your personal insurance will probably not cover rental cars. You may also decide to seek out a third-party policy for other potential accidents or injuries that happen abroad.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-65\">Price of Rental Car Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-66\">You can expect to pay around $30 to $50 per day extra, on average, if you decide to add on CDW/LDW and other coverages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-68\">We collected quotes from three rental car providers across three locations (Orlando, Florida; Las Vegas; and Boston) for an economy-sized car in June 2023. Crunching the numbers, we discovered the average car rental insurance costs. Here are the results, rounded to the nearest dollar.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-72\">Coverage cost factors depend primarily on the location or state where you’re renting and the car’s value. You may pay far more for luxury vehicles. You may pay less when choosing more than two qualifying coverage products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-74\">Should I Get Rental Car Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-75\">Rental car insurance can be a good idea in certain circumstances and a waste of money in others.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-77\">Consider car rental insurance if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-79\"><!-- wp:list-item -->\n<li>Don’t have liability or rental vehicle damage coverage from a personal car insurance policy or a credit card.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Don’t want to deal with the hassle of claims, reimbursement, or other administrative expenses that your insurance company won’t pay.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Want to avoid filing a claim and paying a deductible for a minor fender-bender.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Want additional coverage because the car you’re renting is worth well beyond credit card or personal policy limits.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Plan to share driving duties with someone not insured by your policy to ease future claims.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-81\">Skip the rental car insurance if you:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-83\"><!-- wp:list-item -->\n<li>Have full auto insurance coverage with ample liability limits and a deductible you can handle, and you can pay loss of use or other expenses out of pocket without worry.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Have health insurance for medical expenses and homeowners coverage for stolen or damaged personal belongings.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Have a credit card with robust primary or secondary rental car coverage, and you can charge the entire amount to the card as required.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Are traveling to a destination covered by your car and/or credit card insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Find a similar third-party travel insurance policy at a lower price.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is the Difference Between Rental Car Insurance and Rental Car Reimbursement Coverage?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Rental car insurance covers costs associated with car damage resulting from an accident, theft, or vandalism. In contrast, rental car reimbursement coverage is optional personal auto coverage for your car. It covers up to a set amount per day if you have to rent a car while your vehicle is being repaired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Do I Need Rental Car Insurance If I Rent a Car Abroad?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When traveling abroad, figure out if and how you’re covered for an accident while driving, including any injuries, damage, and injuries to others. Check with your personal auto insurance company, your health insurance carrier, and your credit cards to get the specifics. If you don’t have adequate coverage (or none at all), you can decide if rental car company coverage or third-party travel insurance will best suit your needs.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does My Credit Card Cover Rental Car Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many credit cards offer secondary rental car insurance for physical damage, which may become primary in limited situations. Call your card to find out how your coverage works. The list of credit cards that offer primary rental car insurance isn’t very long, but if you have travel rewards cards, look to see if it’s a featured benefit.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>our American Express card may provide secondary rental car physical damage coverage. American Express. “Car Rental Loss and Damage Insurance Plan Documents,” Page 11. But you can add primary rental car coverage (called American Express Premium Car Rental Protection) that piggybacks on your card for a per-rental fee and features expanded benefits beyond traditional primary coverage. However, you must sign up before renting the car.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Does Temporary Car Insurance Cover Rental Cars?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Temporary car insurance policies are not really available in the United States for less than six months at a time. These policies may be more available in other countries, such as the United Kingdom—where you can purchase a policy term for as short as one hour and as long as 30 days, for instance. You can also purchase short-term travel insurance policies that provide some damage coverage in the U.S.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-93\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-94\">Don’t walk up to the rental counter blindsided and confused about whether the rental company’s coverage is worth it. Whether or not you need rental car insurance depends on the coverages that you already carry.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-96\">Compare your coverage through your insurance or credit card to your particular car rental situation. Your best bet is to call your auto insurance agent and/or credit card company and ask if and how you’re covered before picking up your rental car.</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/do-i-need-rental-car-insurance-7546688\">click here.</a></p>\n<!-- /wp:paragraph -->','Do I Need Rental Car Insurance?','','inherit','closed','closed','','3783-revision-v1','','','2024-01-26 16:00:09','2024-01-26 16:00:09','',3783,'https://smartinsurance.tips/?p=3785',0,'revision','',0),(3819,1,'2024-02-16 23:13:28','2024-02-16 23:13:28','','Untitled-1','','inherit','closed','closed','','untitled-1','','','2024-02-16 23:13:28','2024-02-16 23:13:28','',3818,'http://smartinsurance.tips/wp-content/uploads/2024/02/Untitled-1.png',0,'attachment','image/png',0),(3787,1,'2024-01-29 23:14:17','2024-01-29 23:14:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3788,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-56-1024x1024.png\" alt=\"\" class=\"wp-image-3788\"/></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 Errors and Omissions (E&amp;O) Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Errors and omissions (E&amp;O) insurance is a type of professional liability insurance that protects companies, their workers, and other professionals against claims of inadequate work or negligent actions.</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>Errors and omissions insurance is a form of professional liability insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>E&amp;O insurance protects companies and professionals against claims of inadequate work or negligent actions made by clients.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Anyone who provides a service requires E&amp;O insurance including financial services, insurance agents, doctors, lawyers, and wedding planners.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>E&amp;O insurance does not cover criminal activity. It also does not cover many other forms of damage that are traditionally covered by different forms of insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>E&amp;O insurance costs will vary based on industry and projected risk; most companies can obtain coverage for less than $1,000 per year.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">Understanding Errors and Omissions (E&amp;O) Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Errors and omissions insurance is a form of liability insurance. It protects companies against the full costs of a claim made by a client against a professional who provides advice or a service such as a consultant, financial advisor, insurance agent, or lawyer. It is a common form of business insurance that protects an entity should someone accuse that company of making a mistake.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Companies often obtain E&amp;O insurance if they provide services to a customer for a fee. This form of insurance can be obtained from many major commercial insurers. Companies run out of a home-based office must buy a separate policy; the company can\'t get errors and omissions insurance under a homeowner\'s policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What E&amp;O Insurance Covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">The benefits E&amp;O insurance gives companies or individuals vary greatly depending on the policy and issuing insurance company. Broadly speaking, E&amp;O insurance covers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>Errors, mistakes, or oversights incurred during the course of work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Failure to meet a deadline or deliver a specific service promised to a customer.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Professional negligence.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Failure to meet a specific standard of care, especially if outlined by a given profession.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Breach of contract.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Regarding specific expenses, E&amp;O may cover legal and court costs should a company find itself in court. Attorney and other legal fees are often covered whether or not the company is found to be guilty of the matter at hand. E&amp;O may cover specific types of settlements of judgements in which the company is found at fault. It also covers damages and expenses incurred to others for wrongdoing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Some E&amp;O policies are not geographically bound and may still cover work performed outside of the company\'s primary country of operation. Check to see whether an international professional policy would be a better fit for your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">What E&amp;O Insurance Does Not Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">These policies do not cover criminal prosecution and certain liabilities that may arise in civil court not listed in the policy. This includes illegal acts, intentional deeds of wrongdoing, or criminal activity. E&amp;O insurance often does not cover bodily injury inflicted by your business as that is typically covered by general liability insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">E&amp;O insurance may or may not cover temporary employees, claims stemming from work done before the policy was in force, or claims in various jurisdictions. It may also not cover information leaks due to cybercrime, employee injuries, or discrimination claims. These last three situations are covered by different types of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-25\">Who Needs E&amp;O Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract. This kind of liability insurance is generally required for professional advice-giving or service-providing businesses. Without E&amp;O insurance, a company can be held liable for up to millions in damages plus the fees associated with a legal team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Insurance brokers, insurance dealers, realtors, registered investment advisors, financial planners, and other financial professionals can obtain E&amp;O insurance. Regulatory bodies, such as insurance regulators, the Financial Industry Regulatory Authority (FINRA), or even a company\'s investors will often require E&amp;O insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">E&amp;O insurance is also applicable to businesses outside the financial industry including nonprofits, general maintenance companies and contractors, and engineering firms. Any other company or professional who provides a service, such as wedding planners and printers, also needs E&amp;O insurance.2 Doctors, dentists, and other medical professionals also take out E&amp;O insurance called malpractice insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">For example, a client may sue an advisor or broker after an investment goes sour, even if the risks were well-known and within the guidelines established by the client. Even if a court or arbitration panel decides in favor of a broker or investment advisor, the legal fees can be very high, which is why E&amp;O insurance is important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-34\">E&amp;O Insurance Cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">The cost of a policy depends on a number of factors including the kind of business covered, its location, and any previous claims that have been paid out in the past. A person or company with numerous litigation problems has a higher underwriting risk and is likely to find E&amp;O insurance more expensive or less favorable in its terms as a result. On average, E&amp;O insurance can run around $500 - $1,000 per employee, per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fast Fact: <em>Companies can often obtain an E&amp;O policy quote in minutes.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-39\">Example of E&amp;O Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">Let\'s say a company that hosts servers used by third parties for data purposes is breached by hackers who gain access to proprietary information and client data. The companies affected by the hack then sue the server-hosting company for damages for inadequate security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">The server-hosting company has an E&amp;O insurance policy and reviews it to see what the policy does and does not cover. To the company\'s benefit, its errors and omissions policy is robust and covers such situations. The insurance company pays for the legal expenses involved in the court case against multiple companies. It also pays for any monetary damages rendered by the courts or settled in arbitration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">Having errors and omissions coverage helps the company avoid a substantial financial hit—even bankruptcy—depending on the company\'s finances. If you or your employees are in the business of providing professional advice or other professional services, E&amp;O insurance could be worth your consideration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who Needs Errors and Omissions (E&amp;O) Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Professionals working in financial industries such as insurance, investments, real estate, and accounting will benefit from E&amp;O insurance to cover them in the event of a mistake or omission made on behalf of a client, which can be costly. Many regulatory bodies mandate employees in these professions to obtain E&amp;O coverage through their employer or independently.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why Is Errors and Omissions Insurance Important?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A client can sue a financial professional if they incur a loss due to an error or omission made during an application process, consultation, or investment decision. E&amp;O insurance covers legal fees and any damages awarded to the client if they are owed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is E&amp;O Insurance Expensive?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>E&amp;O costs will depend on a variety of factors, including the nature of the business, size of the company, and claims history, On average, E&amp;O can cost between $500 and $1,000 per employee for a given year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is E&amp;O Insurance the Same as Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>E&amp;O insurance is the same product as professional liability insurance. However, E&amp;O insurance is different from general liability insurance. E&amp;O is coverage specific to mistakes performed specific to the operations of a business, while general liability insurance is more suited towards coverage for a company involving claims for bodily injuries or damages inflicted by the company\'s products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-54\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">E&amp;O insurance is a form of coverage for a company regard mistakes performed during the course of business. When a company legitimately fails to meet a deadline, make a material omission, make a professional oversight, or incur professional negligence, the injured party may make a claim against the company. In these situations, the company may have insurance coverage to pay legal and damage expenses.</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/e/errors-omissions-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Errors and Omissions (E&amp;O) Insurance: What It Covers','','publish','closed','closed','','errors-and-omissions-eo-insurance-what-it-covers','','','2024-01-29 23:14:17','2024-01-29 23:14:17','',0,'https://smartinsurance.tips/?p=3787',0,'post','',0),(3788,1,'2024-01-29 23:10:14','2024-01-29 23:10:14','','Untitled-56','','inherit','closed','closed','','untitled-56','','','2024-01-29 23:10:14','2024-01-29 23:10:14','',3787,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-56.png',0,'attachment','image/png',0),(3789,1,'2024-01-29 23:14:17','2024-01-29 23:14:17','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3788,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-56-1024x1024.png\" alt=\"\" class=\"wp-image-3788\"/></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 Errors and Omissions (E&amp;O) Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Errors and omissions (E&amp;O) insurance is a type of professional liability insurance that protects companies, their workers, and other professionals against claims of inadequate work or negligent actions.</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>Errors and omissions insurance is a form of professional liability insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>E&amp;O insurance protects companies and professionals against claims of inadequate work or negligent actions made by clients.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Anyone who provides a service requires E&amp;O insurance including financial services, insurance agents, doctors, lawyers, and wedding planners.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>E&amp;O insurance does not cover criminal activity. It also does not cover many other forms of damage that are traditionally covered by different forms of insurance.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>E&amp;O insurance costs will vary based on industry and projected risk; most companies can obtain coverage for less than $1,000 per year.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-6\">Understanding Errors and Omissions (E&amp;O) Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-7\">Errors and omissions insurance is a form of liability insurance. It protects companies against the full costs of a claim made by a client against a professional who provides advice or a service such as a consultant, financial advisor, insurance agent, or lawyer. It is a common form of business insurance that protects an entity should someone accuse that company of making a mistake.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Companies often obtain E&amp;O insurance if they provide services to a customer for a fee. This form of insurance can be obtained from many major commercial insurers. Companies run out of a home-based office must buy a separate policy; the company can\'t get errors and omissions insurance under a homeowner\'s policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-11\">What E&amp;O Insurance Covers</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-12\">The benefits E&amp;O insurance gives companies or individuals vary greatly depending on the policy and issuing insurance company. Broadly speaking, E&amp;O insurance covers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-14\"><!-- wp:list-item -->\n<li>Errors, mistakes, or oversights incurred during the course of work.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Failure to meet a deadline or deliver a specific service promised to a customer.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Professional negligence.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Failure to meet a specific standard of care, especially if outlined by a given profession.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Breach of contract.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Regarding specific expenses, E&amp;O may cover legal and court costs should a company find itself in court. Attorney and other legal fees are often covered whether or not the company is found to be guilty of the matter at hand. E&amp;O may cover specific types of settlements of judgements in which the company is found at fault. It also covers damages and expenses incurred to others for wrongdoing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Important: Some E&amp;O policies are not geographically bound and may still cover work performed outside of the company\'s primary country of operation. Check to see whether an international professional policy would be a better fit for your business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-20\">What E&amp;O Insurance Does Not Cover</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-21\">These policies do not cover criminal prosecution and certain liabilities that may arise in civil court not listed in the policy. This includes illegal acts, intentional deeds of wrongdoing, or criminal activity. E&amp;O insurance often does not cover bodily injury inflicted by your business as that is typically covered by general liability insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-23\">E&amp;O insurance may or may not cover temporary employees, claims stemming from work done before the policy was in force, or claims in various jurisdictions. It may also not cover information leaks due to cybercrime, employee injuries, or discrimination claims. These last three situations are covered by different types of insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-25\">Who Needs E&amp;O Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-26\">Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract. This kind of liability insurance is generally required for professional advice-giving or service-providing businesses. Without E&amp;O insurance, a company can be held liable for up to millions in damages plus the fees associated with a legal team.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-28\">Insurance brokers, insurance dealers, realtors, registered investment advisors, financial planners, and other financial professionals can obtain E&amp;O insurance. Regulatory bodies, such as insurance regulators, the Financial Industry Regulatory Authority (FINRA), or even a company\'s investors will often require E&amp;O insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-30\">E&amp;O insurance is also applicable to businesses outside the financial industry including nonprofits, general maintenance companies and contractors, and engineering firms. Any other company or professional who provides a service, such as wedding planners and printers, also needs E&amp;O insurance.2 Doctors, dentists, and other medical professionals also take out E&amp;O insurance called malpractice insurance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-32\">For example, a client may sue an advisor or broker after an investment goes sour, even if the risks were well-known and within the guidelines established by the client. Even if a court or arbitration panel decides in favor of a broker or investment advisor, the legal fees can be very high, which is why E&amp;O insurance is important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-34\">E&amp;O Insurance Cost</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-35\">The cost of a policy depends on a number of factors including the kind of business covered, its location, and any previous claims that have been paid out in the past. A person or company with numerous litigation problems has a higher underwriting risk and is likely to find E&amp;O insurance more expensive or less favorable in its terms as a result. On average, E&amp;O insurance can run around $500 - $1,000 per employee, per year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fast Fact: <em>Companies can often obtain an E&amp;O policy quote in minutes.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-39\">Example of E&amp;O Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-40\">Let\'s say a company that hosts servers used by third parties for data purposes is breached by hackers who gain access to proprietary information and client data. The companies affected by the hack then sue the server-hosting company for damages for inadequate security.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-42\">The server-hosting company has an E&amp;O insurance policy and reviews it to see what the policy does and does not cover. To the company\'s benefit, its errors and omissions policy is robust and covers such situations. The insurance company pays for the legal expenses involved in the court case against multiple companies. It also pays for any monetary damages rendered by the courts or settled in arbitration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-44\">Having errors and omissions coverage helps the company avoid a substantial financial hit—even bankruptcy—depending on the company\'s finances. If you or your employees are in the business of providing professional advice or other professional services, E&amp;O insurance could be worth your consideration.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Who Needs Errors and Omissions (E&amp;O) Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Professionals working in financial industries such as insurance, investments, real estate, and accounting will benefit from E&amp;O insurance to cover them in the event of a mistake or omission made on behalf of a client, which can be costly. Many regulatory bodies mandate employees in these professions to obtain E&amp;O coverage through their employer or independently.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Why Is Errors and Omissions Insurance Important?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A client can sue a financial professional if they incur a loss due to an error or omission made during an application process, consultation, or investment decision. E&amp;O insurance covers legal fees and any damages awarded to the client if they are owed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is E&amp;O Insurance Expensive?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>E&amp;O costs will depend on a variety of factors, including the nature of the business, size of the company, and claims history, On average, E&amp;O can cost between $500 and $1,000 per employee for a given year.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is E&amp;O Insurance the Same as Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>E&amp;O insurance is the same product as professional liability insurance. However, E&amp;O insurance is different from general liability insurance. E&amp;O is coverage specific to mistakes performed specific to the operations of a business, while general liability insurance is more suited towards coverage for a company involving claims for bodily injuries or damages inflicted by the company\'s products.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-54\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-55\">E&amp;O insurance is a form of coverage for a company regard mistakes performed during the course of business. When a company legitimately fails to meet a deadline, make a material omission, make a professional oversight, or incur professional negligence, the injured party may make a claim against the company. In these situations, the company may have insurance coverage to pay legal and damage expenses.</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/e/errors-omissions-insurance.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','Errors and Omissions (E&amp;O) Insurance: What It Covers','','inherit','closed','closed','','3787-revision-v1','','','2024-01-29 23:14:17','2024-01-29 23:14:17','',3787,'https://smartinsurance.tips/?p=3789',0,'revision','',0),(3790,1,'2024-01-29 23:18:29','2024-01-29 23:18:29','<!-- wp:gallery {\"linkTo\":\"none\"} -->\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped\"><!-- wp:image {\"id\":3791,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-57-1024x1024.png\" alt=\"\" class=\"wp-image-3791\"/></figure>\n<!-- /wp:image --></figure>\n<!-- /wp:gallery -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0\">What Is Commercial General Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-1\">Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-3\">Commercial general liability insurance is considered comprehensive business insurance, though it does not cover all risks that a business may face.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY TAKEAWAYS</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Commercial general liability insurance is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises. </li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There are two types of CGL policies: a claims-made policy that covers claims regardless of when the event took place, and an occurrence policy where the event must take place during a set period.&nbsp;</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Companies can add other companies or individuals they contract with to their commercial liability insurance policy as an “additional insured.”</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Commercial general liability policies may cover the cost of any accidental damages as a result of the business\' operations or the legal costs of defending a suit.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Commercial general liability does not provide protection against intentional damages, or any type of accident involving automobiles, aircraft, or watercraft.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-7\">Understanding Commercial General Liability Insurance</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-8\">Premises Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-9\">Commercial general liability policies have different levels of coverage. A policy may include premises coverage, which protects the business from claims that occur on the business’s physical location during regular business operations.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-11\">It may also include coverage for bodily injury and property damage that is the result of a finished product or service done at another location.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-13\">Excess Liability Coverage</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-14\">Commercial insurance companies also sell excess liability coverage, which can be purchased in order to cover claims that exceed the limit of the CGL policy.3 Some commercial general liability policies may have exclusions that restrict what actions are covered. For example, a policy may not cover the costs associated with a product recall.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-16\">Claims-Made vs. Occurrence Policy</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-17\">When purchasing commercial general liability insurance, it is important for the business to differentiate between a claims-made policy and an occurrence policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-19\">A claims-made policy provides coverage for whenever a claim is made, regardless of when the claim event happened. An occurrence policy covers claims where the claim event occurred during the time of the policy even if the policy is now expired.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-21\">Other Types of Policies</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-22\">In addition to commercial general liability policies, businesses may also purchase policies that provide coverage for other business risks.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-24\">For example, the business may purchase employment practices liability coverage to protect itself from claims associated with sexual harassment, wrongful termination, and discrimination. It may also purchase insurance to cover errors and omissions made in financial reporting statements, as well as coverage for damages, resulting from the actions of its directors and officers.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Warning: A typical commercial general insurance policy covers accidental damage or injuries but does not cover injuries that are intentional or could be expected to happen.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-28\">Special Considerations&nbsp;</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-29\">Depending on its business needs, a company may need to name other companies or persons as \"additional insured\" under its commercial liability insurance policy. This is common when businesses enter into a contract with another entity.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-31\">For example, if an automobile repair garage enters into a contract with ABC Co. to have the latter provide cleaning services for its facility, ABC Co. may require the garage owners to add ABC Co. as \"additional insured\" on its commercial general liability coverage policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-33\">Examples of Commercial General Liability</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-34\">Some examples that would require CGL include the following:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul id=\"mntl-sc-block_1-0-36\"><!-- wp:list-item -->\n<li>A customer enters a place of business where the floors have recently been cleaned and polished, and as a result, are very slippery. The customer slips on the floor and breaks a leg.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>One of the employees of an electrical company visits a home for an electrical wiring job and accidentally causes a fire in the customer\'s home.</li>\n<!-- /wp:list-item -->\n\n<!-- wp:list-item -->\n<li>An advertisement placed by the business results in an individual claiming libel or slander.</li>\n<!-- /wp:list-item --></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-38\">In each of these cases, a commercial general liability policy might cover the cost of hiring lawyers to defend the company or the cost of settling the claims. If a business has frequent claims against its CGL insurance, the insurer might raise the premium costs of the policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Damages Does CGL Insurance Cover?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Commercial general liability insurance covers injuries to a person or property damage that occurs on the premises of a business. This type of policy can also protect a business from claims of slander, libel, or advertising injury.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How Much Does Commercial General Liability Insurance Cost?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Naturally, the cost of commercial general liability insurance depends on the size of the business being insured, the riskiness of its business operations, and the amount of coverage needed. Some insurers say that their clients pay between $300 and $600 for a million dollars of insurance coverage. Others say their clients may pay as much as $1,000.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What Is Not Covered Under Commercial General Liability Insurance?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most CGL policies do not cover intentional or expected damage by the insured. They also do not cover damages due to intoxication (in alcohol-related businesses), pollution, automobiles or other vehicles, damage to a business\' work, or additional liabilities that the insured might take on. A business that is involved in these types of risks should purchase additional insurance in order to be fully covered.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-46\">The Bottom Line</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-47\">You can protect your business from a variety of risks, including the risk of a lawsuit arising from everyday business activities, with the purchase of a commercial general liability policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-49\">CGL policies cover claims of property damage, personal injury (such as libel or slander), bodily injury, and advertising injury. This coverage will help you pay attorney fees or settlement costs in the event of a lawsuit. And you can augment your coverage with extensions that cover errors and omissions, excess liability, or employment practices liability.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"mntl-sc-block_1-0-51\">You can\'t predict what will happen in the future, but you can cover your business and reduce your risk with a CGL policy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To read the full article, <a href=\"https://www.investopedia.com/terms/c/commercial-general-liability-cgl.asp\">click here.</a></p>\n<!-- /wp:paragraph -->','What Does Commercial General Liability (CGL) Insurance Cover?','','publish','closed','closed','','what-does-commercial-general-liability-cgl-insurance-cover-2','','','2024-01-29 23:18:29','2024-01-29 23:18:29','',0,'https://smartinsurance.tips/?p=3790',0,'post','',0),(3791,1,'2024-01-29 23:15:36','2024-01-29 23:15:36','','Untitled-57','','inherit','closed','closed','','untitled-57','','','2024-01-29 23:15:36','2024-01-29 23:15:36','',3790,'http://smartinsurance.tips/wp-content/uploads/2024/01/Untitled-57.png',0,'attachment','image/png',0),