Merry Christmas and Happy New Year!

The Staff of The Slocum Agency, Inc. Wishes You a very

 Happy Holiday Season!

Please note that so our staff and their families may enjoy the holidays,  the office will be closing at 3PM  on Thursday December 23rd and we will reopen on Monday December 27th.  In addition, we will be closed Friday December 31st. and we will reopen for business Monday January 3rd.

If you have an emergency that requires immediate attention please either call the insurance company directly (a list of emergency numbers is posted under the “Contact Us” tab of our web site), OR call our office and choose the “Emergency Call Option” from our voice mail system and someone will be in touch as soon as possible.

Have a safe and happy holiday!

Hurricane Season Is Here Again. Check Out This Good Advice From The RI Insurance Division.

The time to prepare for a hurricane is NOW! Here is a very good guide from the RI Insurance Division specificaly for consumers. It outline steps you can begin to take now to minimize the impact a hurricane might have on you and your family.

Check out the details at: http://www.dbr.state.ri.us/documents/divisions/insurance/consumers/ConsumerAlert2013-6.pdf

And don’t forget….IF YOU WANT COVERAGE FOR FLOOD.. YOU MUST BUY A FLOOD POLICY! The homeowners and other property policies DO NOT COVER FLOOD!
Ask us for a quote and information about the National Flood Insurance Program.

Should I buy life insurance on my child?

This is a good article from the III about why you should buy life insurance for your children and what things you should consider.

Click here for the full story from III Life insurance for a child

We have a deeply personal reason for recommending the purchase of life insurance early in a child’s life.

Give Chris Slocum a call at

401-738-3366 X663

and he will tell you his personal story

Good Information From Insurance Information Institute About Boats and Personal Watercraft

 

Boat Insurance

Most companies provide limited coverage for property damage for small boats such as canoes and small sail boats or small power boats with less than 25 mile per hour horse power under a homeowners or renters insurance policy. Coverage is usually about $1,000 or 10 percent of the home’s insured value and generally includes the boat, motor and trailer combined. Liability coverage is typically not included–but it can be added as an endorsement to a homeowners policy. Check with your insurance representative to find out if your boat is covered and what the limits are.

Larger and faster boats such as yachts, and personal watercraft such as jet skis and wave runners require a separate boat insurance policy. The size, type and value of the craft and the water in which you use it factor into how much you will pay for insurance coverage.

For physical loss or damage, coverage includes the hull, machinery, fittings, furnishings and permanently attached equipment as part of either an actual cash value policy or on an agreed amount value basis. These policies also provide broader liability protection than a homeowners policy. But there are distinct differences between the two types of policies.

Actual Cash Value policies pay for replacement costs less depreciation at the time of the loss. In the event of a total loss, used boat pricing guides and other resources are used to determine the vessel’s approximate market value. Partial losses are settled by taking the total cost of the repair less a percentage for depreciation.

Agreed Amount Value basis policies mean that you and your insurer have agreed on the value of your vessel and in the event of a total loss you will be paid that amount. Agreed Amount Value policies also replace old items for new in the event of a partial loss, without any deduction for depreciation.

Physical damage exclusions might include normal wear and tear, damage from insects, mold, animals (such as sharks), zebra mussels, defective machinery or machinery damage.

Boat insurance also covers:

  • Bodily injury—for injuries caused to another person
  • Property damage—for damage caused to someone else’s property
  • Guest passenger liability—for any legal expenses incurred by someone using the boat with the owner’s permission
  • Medical payments—for injuries to the boat owner and other passengers
  • Theft

Most companies offer liability limits that start at $15,000 and can be increased to $300,000. Typical policies include deductibles of $250 for property damage, $500 for theft and $1000 for medical payments. Higher limits may be available. Additional coverage can be purchased for trailers and other accessories. Boat owners may also consider purchasing an umbrella liability policy which will provide additional protection for their boat, home and car.

Boaters should also inquire about special equipment kept on the boat, such as fishing gear, to make sure it is covered and verify that towing coverage is included in the policy.

Boat owners should also inquire about discounts for the following:

  • Diesel powered craft, which are less hazardous than gasoline powered boats as they are less likely to explode
  • Coast Guard approved fire extinguishers
  • Ship-to-shore radios
  • Two years of claims-free experience
  • Multi-policies with the same insurer, such as a car, home or umbrella policy
  • Safety education courses, such as those offered by the Coast Guard Auxiliary, U.S. Power Squadrons, or the American Red Cross.

Boat Safety

There are thousands of recreational boating accidents per year. Contributing factors to these accidents include traveling too fast for water or weather conditions, driving under the influence of drugs or alcohol, failing to follow boating rules and regulations, carelessness and inexperience.

To prevent boating accidents, we offer these safety suggestions:

Care and protection of vessel

  1. Check weather forecasts before heading out.
  2. Let someone know where you’re going and when you expect to return.
  3. Check engine, fuel, electrical and steering systems, especially for exhaust-system leaks.
  4. Carry one or more fire extinguishers, matched to the size and type of boat. Keep them readily accessible and in condition for immediate use.
  5. Equip the vessel with required navigation lights and with a whistle, horn or bell.
  6. Consider additional safety devices, such as a paddle or oars, a first-aid kit, a supply of fresh water, a tool kit and spare parts, a flashlight, flares and a radio.

Care and protection of crew and guests

  1. Make sure that every person on board the boat wears a life-jacket.
  2. Know and obey marine traffic laws, the “Rules-of-the-Road.” Learn various distress signals.
  3. Keep an alert lookout for other watercraft, swimmers, floating debris and shallow waters.
  4. Pay attention to loading. Don’t overload; distribute the load evenly; don’t stand up or shift weight suddenly in a small boat; and don’t permit riding on the bow, seatbacks or gunwales.
  5. Don’t operate a boat while under the influence of alcohol or drugs.
Skippers can obtain free advice and boating-safety courses from the U.S. Coast Guard Auxiliary. Upon request, the auxiliary will conduct a Courtesy Marine Examination (CME) on your boat, checking electrical and safety equipment and fuel hoses. Boats meeting safety standards are awarded the CME decal “Seal of Safety.”
© Copyright 2016, Insurance Information Institute, Inc. – ALL RIGHTS RESERVED

Annual U.S. Spring Outlook: Flooding Expected to Worsen

The National Weather Service (NWS) released their annual spring outlook yesterday to help citizens take the necessary steps to prepare. This year’s outlook predicts spring flooding will worsen beginning as early as this week, affecting almost half the country from the North Central U.S. through the Midwest and the Northeast, causing an above average risk of flooding across portions of the Northeast, including Southern New England and parts of eastern NY State.

(U.S. Spring Flood Risk Map for 2011. Photo: Courtesy of NOAA)

Some specifics from the Spring Outlook include:

For the third consecutive year, forecasters predict major flooding along the Red River of the North, which forms the state line between eastern North Dakota and northwest Minnesota.
Other areas of the Midwest primed for major flooding include Devils Lake in North Dakota, the Milk River in Northeastern Montana, the James and Big Sioux Rivers in South Dakota, the Minnesota River, and the Mississippi River from its headwaters near St. Paul, Minnesota, downstream to St. Louis.
There is an above average risk of flooding across portions of the Northeast, including Southern New England and parts of eastern NY State.
In a conference call today with the National Weather Service, Administrator Fugate reiterated that there are a few simple steps every family should take now, before disaster strikes: be aware of your risk, make an emergency kit, get a family communication plan and get flood insurance before flooding occurs.

At FEMA, we have been working closely with all our state partners on incorporating lessons learned from the past flood seasons into our emergency planning for this year, as well as conducting aggressive outreach with our federal, state and local counterparts, and emergency managers. You can continue to monitor the latest forecasts from your local National Weather Service office, visit our Flood Safety Awareness page for additional preparedness tips, and remember, if you come across a flooded road, Turn Around, Don’t Drown.

It’s Almost Boating Season Again!

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

http://na.iiaa.org/TFT/Web%20Archives/03_09_10/PreparingYourBoatfortheSeason.pdf

And don’t forget, The Slocum Agency can help you navigate your way through the insurance fog to find the best boat insurance policy to meet your needs!

Call us today at 401-738-3366

For a

Free Quote For Your Boat

Don’t Think You Need Earthquake Coverage? Better Think Again!

Check out this video on YouTube where they show you all the major fault lines in the USA and caution that the one near us “is due”.

Call us if you want to add this important protection for your property.

EARTHQUAKE IS NOT AUTOMATICALLY COVERED BUT IS READILY AVAILABLE.  CALL US TODAY

401-738-366

http://strangesounds.org/2013/07/fault-lines-in-the-usa-this-map-shows-the-major-earthquake-hazard-areas-within-the-united-states.html

Black Friday Can Put You In The Red

On the most active shopping day of the year, I came across this bit of good advice from the Insurance Information Institute.

http://www.iii.org/Press_Releases/Black-Friday-Can-Put-You-In-the-Red-Protect-Your-Identity-and-Your-Credit.html

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?

Happy Thanksgiving!


The Staff of The Slocum Agency, Inc. Wishes You a Happy Thanksgiving!

Please note that the office will be closing at 3PM  on Wednesday, November 26th and
will reopen Monday, December 1st.

Safety Tips for Black Friday Shoppers

The day after Thanksgiving, also known as Black Friday, is the biggest shopping day of the year. When it comes to cashing-in on the day’s deals, the motto is “If you snooze you lose.”

Many stores will open at 12:01 a.m. on Friday and some retailers will even open their doors on Thanksgiving eve in hopes that they can entice people out of their post-turkey dinner food coma. For serious bargain-hunters, the day is the ultimate shopping extravaganza that requires a strategic plan, including store maps and item locations, that’s hatched days in advance. Others take a less organized approach, but are still hungry for a deal or this year’s hottest holiday toy.

The combination of too-good-to-be-true deals and shoppers hopped up on copious amounts of caffeine and tryptophan can be dangerous, though. Overzealous drivers can make parking lots a zoo and sleep-deprived shoppers are less likely to pay attention to the road. Unfortunately, Black Friday, which is considered the unofficial start to the holiday season, also brings out thieves, pickpockets, and others who are looking to take advantage of unsuspecting shoppers.

Whether you’re leaving the house at the crack of dawn (or dusk) in search of Black Friday deals or saving your holiday shopping for the last minute, keep these safety tips in mind when navigating the parking lots and wandering the aisles.

On the Road and in the Parking Lot:
• When backing out of a parking spot, be aware of waiting cars, others who are backing out at the same time, and motorists who speed through lanes.
• Lock all doors and roll up all windows even when leaving the car for a short period of time.
• When shopping, keep gifts in the trunk or hidden from view in the interior of the car. Also, put all of your packages in the trunk before departing one parking lot and driving to another. Waiting until your next shopping destination allows others to see packages go into the trunk of your car and then you departing into the mall or store.
• Avoid parking next to vans and large trucks that block your space from general vision of others.
• Make a mental note or write down exactly where you park your car to avoid wandering around longer than necessary.
• During the day, park away from buildings to reduce the chance of dings from car doors or shopping carts. At night, avoid secluded areas and park directly under lights whenever possible.
• Have your keys in hand when leaving a store. Also, look underneath your car before you reach it; criminals have been known to lie underneath in wait.
• Bring gifts in the house with you instead of leaving them in the car.

In the Store:
• Use a credit card to avoid thefts of large amounts of cash that are irreplaceable.
• Shopping with a single credit card is preferable because it’s easier to cancel one, rather than several, if your wallet or purse is stolen.
• Keep purses zipped and close to your body. Never leave a purse unattended in a shopping cart where it is more susceptible to theft.
• Keep a reference list of phone and account numbers for all your credit cards in a safe place at home.
• If possible, carry keys, cash, and credit cards separate from each other.
• For freedom of motion and clear visibility, do not overload yourself with bags when leaving a store and returning to your car. It’s difficult to defend yourself with when you’re carry a lot of packages.
• Use ATMs in well-populated, well lit locations. Do not throw ATM receipts away at the ATM location.
• Remember there is increased safety in numbers. Avoid walking alone and leave malls and stores well before closing time to assure a more active parking lot. Ask mall security to walk you to your car if you feel you are not safe.

In additions to remembering these safety tips, you should also review your insurance policies with your Trusted Choice® independent insurance agent to make sure you have the proper coverage in case an accident or theft does occur. Liability coverage will protect you if you hit another motorist, collision coverage will cover the damage to your car, and comprehensive coverage will insure you for damage by vandals or theft of your vehicle.