Down the drain!
Did you read about the bride in NYC that dropped her engagement ring?
This past Monday the New York Times ran a story about a couple who lost an engagement ring. The ring was a little too big and slipped off the bride’s finger on a Friday night into the abyss of a Times Square sidewalk grate just a few hours after grooms proposal. Think, Engagement Ring Insurance.
Paying several thousand dollars for an engagement ring only to lose it or have it stolen would not be a good thing. And finding out that your homeowners policy doesn’t cover that loss would be another blow.”
The holidays are an exciting time, but without proper protection, what seems like a holly, jolly season can take a devastating turn for the worse. Keep these tips in mind when you’re planning for the upcoming holidays to make sure your home stays safe and sound.
Keep Travel Plans Private
If you’re traveling for the holidays, it may be compelling to tell friends, coworkers, and acquaintances while making small talk, but do your best to avoid this. Letting people know your house will be sitting unattended can be a recipe for disaster, putting your personal property at risk for theft and vandalism. Instead, keep travel plans close to the vest. Don’t post about your vacation plans on social media, share images of your time away from home before you return, or do things like allow mail or newspapers to pile up. The more you do to stay quiet about travel, the less of a target you will be.
If you are a homeowner or are looking to purchase your first home, you’ll find a lot of emphasis on the roof. As one of the most important structural elements of the foundation, the roof holds center stage. When there is a storm or any type of inclement weather, the roof is your first line of protection. Matter-of-fact when it comes to insurance and your roof you will be asked by the insurance company how old is your roof.
insurance companies place a high emphasis on the condition and quality of your roof when they quote your homeowner’s insurance policy.
WHY THE ROOF IS IMPORTANT TO INSURANCE COMPANIES
Since the roof is your first line of protection, it essentially protects you, the family and all your belongings. In any weather, the roof is usually the first thing that will be affected. If your roof is having problems, the effects of that inclement weather can get into your home, causing a lot of damage. That damage will have to be fixed, along with items that will have to be replaced, so you’ll end up filing a claim.
Sounds pretty straightforward, but it is not. The named insured is the person(s) shown on the declarations page of the policy. The person(s) listed here should be the same as recorded on the deed. Named on the deed and on the homeowner policy it’s a question you need to ask yourself when a property is left to you and your siblings.
Anyone recorded on a deed should be listed on the insurance policy, avoid doing this at your own peril.
It gets tricky when you have more than one person owning a home. Some homes are owned in part by people, often brothers and sisters, who may live elsewhere. They’re called “non-resident owners.” Here is a fictional example of what could go wrong and what should be done.
Are you an owner of commercial property, or are you in the process of building or remolding a structure? I read an article the other day titled “Massive fire does 55 million in damage to Concord apartment construction site”. Mind you this site was under construction. It wasn’t old or occupied. This is why Insurance for business owners is extremely important.
Apartment buildings, especially older ones, can be subject to faulty wiring, sometimes caused by a load on old knob-and-tube-wiring or just age. Also, improperly connected appliances, extension cords and air conditioners are culprits.
Hopefully, the building owner of this commercial property had enough insurance to repair the damages. A question comes to my mind if there were tenants, would they have had renters insurance?
Your big vacation is right around the corner, and you’re starting to pack your bags. So now that your family vacation plans are coming together, have you given some thought to transportation? In this article, Rental Insurance 101 What You Need to Know, we explain the ins and outs of renting a car.
My neighbor’s daughter is the text messaging queen.
She received and sent 68 messages in a one hour period the other day.”
I was quite impressed. She could hold a full-fledged conversation with the people in the room while madly typing on her cell phone with one hand. I was ready to sign up to take lessons. Thankfully, she is not in this group of Techno Drivers. It takes me an eternity to eek out a mere sentence. To me, it is so much easier to make the call and talk to the person; I don’t understand this generations fixation with cell phones and the need to constantly text.
I have had a cell phone for almost 20 years now. My sister finally convinced me to get a hands-free earpiece. Great investment if you use your phone a lot, especially if you are driving in states that ban cell phone use.
It’s impossible to know where a hurricane will strike, but if history has taught us anything if you live on the coast, you know from experience that it can be devastating. So it’s important to protect your waterfront property.
You know too that weak tropical storms hitting the U.S. can cause significant impacts, particularly if it moves slowly and triggers flooding rainfall.
The Atlantic hurricane season runs from June 1 – November 30th.
According to researchers, the 2018 hurricane season is expected to be “above average.” They are projecting 14-18 tropical storms & hurricanes.
Here is another fun tidbit for you… The National Flood Insurance Program (NFIP) is set to expire on July 31st. Smack dab in the middle of hurricane season. After a brutal year last year, the NFIP currently owes nearly $25 Billion to the US Treasury and taxpayers for covering claims. So you can bet your flood policy will be going up AGAIN this year.
I recall reading an article in SOCO magazine a few months back about saving gas. The author suggested that by reducing speed and driving 5 MPH under the posted speed limit, you could save considerable fuel. What a farce I thought. No way could you save that much by slowing down that little. Who in today’s high-speed society is going to drive that slowly?
I was on a road trip recently, so I decided to test this off the wall theory myself. The following numbers are from highway driving on flat roads with moderate traffic. When I drove the 65 MPH speed limit, I got 24 MPG. I slowed to 60 and got 26 MPG. Big deal I thought two whole miles per hour. Then I increased to 70, 75, & 80 and got 22, 20 and 16 MPG, respectively. Now that is a big difference!
It is getting warm out and summer looms just around the corner. This is the time of year that all of us “old salts” get those tarpaulins off the boat that has been cooped up all winter. It is paint scraping time, clean up time, sail prep, and engine prepping time. Yes, it is time to get our boats ready to launch into summertime filled with joy and great memories. Is your boat Insurance Ship Shape?
It is also a great time to peel the shrink wrap off of your boat’s insurance policy.
Watercraft insurance varies greatly and is customized to each boat owner. There are a variety of coverage options and credits available to tailor your policy.
Physical damage coverage