Here is an interesting article about a possible problem with gun liability coverage based on the wording in most liability poicies…. Don’t forget though, that the circumstances of each case will vary and will be decided in part based on intent and negligence.
Every day people ask us why their insurance company increases the amount of coverage on their house when it would not sell for that much. The short answer is that the cost of building materials are increasing every day and since your insurance should be enough to rebuild your house with “Like kind and quality”, these increases are needed to keep you properly protected. The “Market Value” of your house has nothing to do with the amount of insurance you need to carry. Some find this hard to understand but it realy is in your best interest to have proper coverage on your single biggest asset. Here is what the government says about what has happended to building materials in recent years http://www.dcd.com/pdf_files/1201trends.pdf
Take steps to protect yourself, your property and your identity
In an automobile accident, you are concerned first about your safety and secondly about your vehicle. Likely, the last thing on your mind is protecting your identity. In fact, a recent survey by the National Association of Insurance Commissioners (NAIC) suggests that, after an accident, many Americans do not really know what information they should share with the other driver. This handy new app from the NACI called WreckCheck, helps to guide you through the process of documenting the accident at the scene while protecting your identity. Check it out at: http://www.insureuonline.org/auto_page.htm
With the summer months upon us, many people are dealing with insect problems inside their home. Some people use total release foggers, aka “bug bombs,” to eliminate these pests. Bug bombs are pesticide sprays that discharge all of their contents at once. The contents are released upward, filling the air with pesticide. Spray droplets remain suspended in the air for a short time before gradually settling onto floors, countertops, and other surfaces in the home.
The California Department of Pesticide Regulation (DPR) advises that many people misuse this product. A 2008 study of pesticide illness reports in 8 states found 466 illnesses related to fogger use in a 5-year time frame. For example, some people set off multiple foggers, often in smaller homes. In one case, this negligent act resulted in the water heater’s pilot light igniting the flammable gas, resulting in a major explosion and the destruction of the home owner’s property.
The California DPR has reported that every year bug bombs explode and catch fire when people ignore simple precautions. There have also been numerous incidents of respiratory, eye, and skin irritation from overexposure to these fumes. The following are some California DPR safety tips for the summer.
To choose the best control strategy, you should correctly identify the pest. Always read labels before using the pesticide, and follow all instructions closely.
Use no more pesticide than necessary. You should read and follow directions for the recommended number of fogger aerosol cans to use. Generally, you should use no more than one 6 or 8 ounce fogger for apartments or small residences.
When using bug bombs, you should turn off ignition sources, such as gas pilot lights and electrical appliances. Appliances like refrigerators and air conditioners may produce a spark when they cycle on and off.
Hire a professional exterminator for major bug infestations.
International Risk Management Institute, Inc.
EMC Insurance Companies (Employers Mutual Casualty)
Fidelity National Insurance Company
GMAC Insurance Company
Metropolitan Property and Casualty
National Grange (Main Street America Group)
New London County Mutual
Peerless Insurance Company
Rhode Island Joint Reinsurance Association (RIJRA)
Boat & Yacht Claims 800-772-4482
This beautiful sunny weather always makes me dream about getting out on the water. Like any self respecting boater, I just can’t wait! But over the years I’ve learned that nothing is more important than proper maintenance of your boat to insure a care free season on the water. I found a nice pre-season maintenance check list that I thought you might find helpful – just click here
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They are warning you about the many ways Identity Theft can occur and some simple basic things you can do to protect yourself. I’d hardly be a good insurance agent if I didn’t remind you that you can get some limited protection under most homeowner’s policies by purchasing their Identity Theft Coverage Endorsement (usually about $15-$25/yr.). Why not call us today 401-738-3366 and see how inexpensive this coverage can be?
To quote a popular country music song, “It won’t be like this for long”. If there is one thing that is constant in life, it’s change. The old New England joke is, “if you don’t like the weather; just wait a minute”. All things change; some for better; some for worse but it’s for sure they will change and to a great extent, I believe that we can influence the outcome by our thoughts and actions. If we expect good things to happen and we keep our thoughts on those positive outcomes, we will be drawn in that direction for sure. Look at your life. If you are a parent you know that everything is “a stage”. The sleep deprivation that comes with a new baby is replaced by concerns about baby proofing the house. Once you get back to a regular sleep cycle, it’s time for the terrible 2’s. If you are dealing with the realities of elderly relatives, you know that every act of kindness is a repayment for the courtesies you received from them throughout the years. They say what comes around goes around, and I think that‘s true. Every day our actions determine our future outcomes. Like throwing a boomerang; you know it’s going to come back eventually, for better or worse. These days it seems lots of us are so focused on today. We are not thinking much about tomorrow. Not that it’s bad to live in the moment, but we need to moderate our actions with an eye toward tomorrow. While we can’t know what tomorrow holds for us it’s a cinch that the basic principals hold true. Things will come back around and we need to be ready. The “basics” of safety, security and love are more important than ever. Which brings me to the insurance point in this post. In our zeal to reduce expenses because we all want to be in the best cash position we can, don’t overlook the basics of a good insurance program. Falling into the trap of thinking that you should lower your homeowner’s insurance limit (or cut back on the guaranteed replacement cost provision) because the real estate market is off, is a critical mistake. The amount you will need to rebuild your house following a loss is not going down. In fact it is still on the rise. Now, I know … it’s never going to happen to you….. but over the course of my insurance career I’ve helped many people who felt the same way but discovered later that accidental losses can happen to anyone… even you! If you want to reduce your premium by assuming more of the risk through a higher deductible, go right ahead. If you’re willing to run the risk of loosing your jewelry or fine art collection, go ahead and cut those coverage’s if you want. At least you will know exactly what you are risking and you will be doing so with intentionality. Another area to watch out for is your Liability Insurance Limits. This is the greatest country in the world! The land of opportunity for most of us, but don’t forget there are plenty of others who see opportunity in your hard earned assets. In this day and age where many of our asset values are shrinking, isn’t it even more important to preserve what you have? One of the harsh realities of life is that “anyone can sue anyone, anytime, for anything, even if it’s groundless false or fraudulent”. If they sue you, you must respond and defend yourself! One of the primary benefits of liability insurance is that most policies pay for defense cost as well as paying for the actual damages you become responsible for. Don’t skimp on liability insurance limits and ask your agent about an Umbrella – it’s the best buy in the insurance industry. Finally, I know how hard it is for everyone right now and how important it is to take advantage of a good deal. Here’s one that’s extremely underutilized. In my humble opinion, your local Independent Insurance Agent is one of the best deals available today. Did you know that most agents provide their customers with an unlimited amount of free advice and service on a wide variety of subjects including but not limited to how you can best handle “risk” in your life. Your lawyer or your CPA will charge by the hour, however most Independent Agents do not. Most are intelligent, committed, business professionals who actively contribute their time and talent to their community and possess a great depth of knowledge that is yours for the asking. Remember the old saying “ask and you shall receive” …..
One of the things that I have heard several times recently is that sales of home safes are booming during these hard economic times. While this may be simply a result of people wanting to secure those few valuable items that they own, knowing that others around them are becoming more desperate every day and therefore it’s reasonable to assume that thefts will be on the rise, I also keep hearing that trillions of investment dollars in cash have been withdrawn from the system and are sitting on the side lines. Now, if I had a bunch of cash to just “sit on the side lines”, where would I put it? As an insurance professional, I sincerely hope that the answer is not in a safe at your house or worse yet, hidden somewhere in your house. This concerns me for a couple of reasons. First, if someone should break into your house (or worse yet, it should burn down), how much coverage do you think a regular homeowners policy generally provides for cash money? Would you believe $200? Yup, that’s all. Now your policy may provide a higher limit so be sure to talk to your agent but, whatever you do, don’t just assume that it’s covered! The other concern I have is that people are taking too much comfort in the fact that, once they have a safe, they are “protected” and don’t need to worry. Over the years I have been in the insurance business I can tell you that we have seen many cases where the whole safe was stolen from someone’s house and then taken somewhere where the thief could work on opening it at their convenience. So, unless you have one of those huge safes that it takes an army of movers to budge, your feelings of security may be misplaced. Now don’t get me wrong, I’m not saying safes are bad. All I’m saying is to be sure you understand that there is a certain amount of risk in every action and this is no exception. Keeping large amounts of cash, bonds, valuable jewelry, and the like around your house without understanding the risks involved could lead you to a very unhappy loss situation. One of the great values of having an Independent Insurance Agent is that they are there to consult with you and advise you at no additional charge if they write your insurance. Just like you would talk to your doctor or lawyer or CPA, don’t forget to talk to you insurance agent about the things that keep you up at night!