As crowds swell at the beach, in parks, and even on roadways, it all makes for some challenging driving conditions. More people are out and about, whether on foot, bike, or skateboard, or by car, motorcycle, or RV, increasing the risk of an accident. And, the summer heat isn’t exactly kind to your vehicle.
Still, there’s no stopping the allure of a summer drive. To help keep yours safe, keep your attention on the road and on your surroundings, as well as on these safety tips.
Summertime Safety Behind the Wheel
Just like winter, summer has its own set of seasonal hazards that require your complete attention as a driver. Here are some to be particularly mindful of:
Road Trip Safety
A road trip with family and friends can make a memorable summer for both the right and the wrong reasons. Make it the right reasons with some careful planning and driving. There will be plenty of time for fun once you reach the campground, resort, or cabin.
There’s no better time to be on the road than when the sky’s clear and the sun’s shining. We wish you safe travels and a wonderful summer!
For more information, visit the Safeco blog.
Hurricanes are strong storms that cause life and property threatening hazards such as flooding, storm surge, high winds and tornadoes. Preparation is the best protection against the dangers of a hurricane. As forecasters track a hurricane the terms “hurricane watch” and “hurricane warning” will be used often. It is important to know the difference:
What Should I Do?
What Supplies Do I Need?
What Do I Do After A Hurricane?
Let Your Family Know You Are Safe!
If your community experiences a hurricane or any disaster, register on the American Red Cross Safe and Well website available through RedCross.org/SafeandWell to let your family and friends know about your welfare. If you do not have Internet access, call 1-866-GET-INFO to register yourself and your family.
Click here to download a Hurricane Safety Checklist provided by the Red Cross.
Click Here for How To Prepare for Hurricane Safety!
You devote months to planning, working out every detail for what should be a perfect event. Unfortunately, even the best planned events are at the mercy of the unexpected. Like a flood that ruins your venue. Or a caterer who inexplicably goes bottom up. And chances are, you'll still be on the hook for all or most of the costs. Thankfully, special event insurance can help protect what you've invested in your event should the unexpected put a dark cloud over your big day.
WHAT IS SPECIAL EVENT INSURANCE?
Special event insurance helps cover financial losses that may occur when an accident, extreme weather, illness or a problem with a key vendor puts a stop to your private event. Policies often cost less than you might expect and typically offer two types of coverage:
Event cancellation coverage reimburses you for lost deposits and other charges when unforeseen circumstances cause you to cancel or postpone your function. This type of coverage may extend to special gifts, attire (lost wedding bands, for instance) and damaged photo and video files. It does not, however, cover a change of heart.
Event liability coverage helps protect you from financial loss if you're held responsible for an accident that hurts someone or causes property damage at your event. You may even be covered if one of your guests creates havoc. Many venues now require you to have liability protection before you can even book there.
WHAT TYPES OF FUNCTIONS ARE COVERED?
Events that are covered by special event insurance include but are not limited to:
WHEN SHOULD I BUY SPECIAL EVENT INSURANCE?
It's a good idea to purchase a policy as soon as you begin making deposits, because unexpected issues can crop up at any point. That said, you need to buy event cancellation coverage at least 14 days before your function date and liability coverage at least one day prior. You can buy both up to 24 months in advance.
No one wants to think about something unpleasant when planning an important day, but it's nice to know there's a policy that can help protect you from the unexpected.
Call Theodore & Associates today to talk about how you can help safeguard your big day!
A ring from a loved one. A bracelet handed down through generations. A watch or necklace marking a special occasion.
Every reason why you treasure a piece of fine jewelry is a reason why it should be insured.
However, calling it “jewelry insurance” may be a stretch. You don’t need a separate policy to insure your jewelry. You just need to ensure you have the right personal property coverage from your homeowners, condo, or renters insurance.
Jewelry coverage helps protect the investment you’ve made in your favorite pieces by helping you replace them if you experience a loss that’s covered by your policy. But, the coverage is only for certain instances and set dollar amounts, so double check what coverage you have and learn more about insuring jewelry below.
Know What Your Existing Insurance Policy Covers
If you already have personal property coverage as part of a homeowners, renters, or condo policy, you likely already have some form of protection for your jewelry. The typical insurance policy will cover you, up to your policy limit, for jewelry that’s stolen or damaged in certain incidents, such as a fire at your home. However, the typical policy will not cover everyday damage, such as a stone falling out of its setting.
In addition to knowing when you’re covered and when you’re not, it’s also important to know how much you’re covered for. Your insurance policy may cover each individual piece of jewelry at a set amount, such as $1,000 per piece. Or, it may cover your jewelry collection as a whole, such as $3,000 for all pieces. Check your policy or schedule an insurance review with us to better understand what kind of jewelry coverage you have.
Calculate the Value of Your Jewelry Collection in Today’s Dollars
To determine whether you have enough jewelry insurance, you need to know how much your pieces are worth. Keep in mind that your pieces may be worth more now than when you bought them. The value of precious metals and precious stones can increase over time, so have your pieces appraised about every three years.
Use these appraisals, as well as receipts for recently purchased items, to add up the value of your collection. Then compare it to how much jewelry replacement coverage you have on your homeowners insurance, condo insurance or renters insurance.
Decide Which Items Require Additional Coverage
If the jewelry coverage on your policy is lower than the value of your collection, you’ll likely want to purchase additional coverage. For example, you may have a $2,000 pair of diamond earrings, a $7,500 engagement ring and an insurance policy that covers jewelry loss – no matter how many pieces – at $3,000. If both pieces are lost in a single incident, you’re short $6,500 of coverage.
To fill this gap, you can insure high-value items individually, as part of your homeowners insurance, condo insurance or renters insurance. This is known as “scheduling valuables” or adding a “rider” or “endorsement” to your policy. To do so, you will likely need a recent receipt or appraisal establishing the value of each item.
Once scheduled, if an item is damaged or lost in a covered incident, you’ll be covered for the full scheduled amount. Typically, scheduling an item also gives you broader coverage. A lost stone that isn’t covered under your homeowners policy, for example, is likely covered under a policy rider.
Catalog Your Jewelry in a Home Inventory
Once you arrange coverage for your high-value jewelry, it’s important to create a home inventory or update an existing one to catalog your valuable belongings. This isn’t as important for your scheduled pieces because your insurance company has a record of their value. However, for any unscheduled pieces that are lost or stolen, you’ll want a record of their worth.
Ideally, your home inventory will include photos, receipts, appraisals, descriptions, brand names, etc. of all valuable personal property, not just your jewelry. That way, if there’s a loss, you’ll already have the documentation needed for a personal property claim in place.
A home inventory can be as simple as a Word document (save it to the cloud or a flash drive in case your computer is damaged or stolen). Or use a Web program or mobile phone app, such as the home inventory app, to help you catalog your belongings.
Insuring jewelry is easy and affordable, so talk to us about it. If you get something special this year, in addition to flashing it to your friends, think about protecting it, too.
For more info, please visit Safeco Insurance®.
It’s easy to lower your insurance costs — especially if you have a great driving record, or don’t mind having higher deductibles.
Who doesn’t want to pay less for car insurance? Billions of dollars are spent on ad campaigns to convince you to “switch and save” — but the truth is, many people can find savings no matter who their insurance company is. According to the Insurance Information Institute and other experts, here’s how you can, too:
For more information, visit Safeco Insurance®.
There are lots of things no one wants to talk about – disability insurance is one of them. But the longer you ignore it, the less protected you are against long term financial risks due to unexpected illnesses and injuries.
Read on for guidance and answers to common questions about disability insurance. This information can help you get started and make the best decision based on your specific needs.
1. If you have people who depend on your income – or if you depend on your income – you need disability insurance. You might be surprised to learn that social security disability benefits are not available if you are expected to be out of work for less than a year. One year without income could deplete your savings and have a significant impact on your finances.
2. Disability insurance replaces a portion of your income when you can’t work. If you were unable to work due to illness or injury, disability insurance can help to pay your most essential expenses, including food, utilities, school tuition, home and car payments.
3. Most long-term absences are due to illnesses, not accidents. While many people think that disabilities are typically caused by accidents, the majority of long-term absences are actually due to illness.
4. You need it even if you’re young and healthy. Almost 1 in 4 of today’s 20 year-olds will become disabled before reaching age 67. What’s more, it’s easier and less expensive to get disability insurance when you’re young and healthy.
5. The risk of a disability during your working years may be greater than you think. The risk of suffering a disabling illness or injury may be more likely than you realize. In fact, at least one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling before they reach retirement age. Disability insurance helps you maintain a steady stream of income when you can’t work due to illness or injury.
6. A good rule of thumb is to protect 60-80% of your after-tax income. You will need to meet your essential living expenses if you should become disabled. 72% of consumer expenditures cover essential needs like housing, food, transportation, health care and education. This easy-to-use Disability Needs Calculator can help determine what amount of disability insurance is most appropriate for your situation.
7. Some disability insurance is better than no disability insurance. When budgets are especially tight, it still makes sense to buy enough disability insurance to cover rent or mortgage payments and keep your family in their home should you become disabled. Disability insurance is more affordable than you may think. For example, a healthy 35 year-old male may obtain a $1,000 monthly benefit for an initial premium of approximately $25 per month.
8. Make sure you know how much disability insurance you get at work. Check to see if disability coverage is made available to you through your employee benefits package. You might want to look carefully at coverage, however, since group benefits alone may not be enough due to potential benefit limitations and types of income covered.
9. There is no substitute for good advice. Seek advice on how much insurance is right for your needs. Talk to a trained financial professional or perform research online. Whichever approach works best for you, taking action to protect you and your family with disability insurance is an important part of a strong financial plan.
10. The financial strength and reputation of the company you buy from matters. When you purchase disability insurance, the company you buy from is making a long-term commitment to you. If you become disabled, there is a chance you will receive benefits for an extended period of time, so it makes sense to buy from a company with experience, financial strength and a solid reputation.
Call us today to talk about getting you a Disability Insurance quote!
That oh-so-covetable experience of taking a dip in your very own pool? Millions of American households enjoy it, at least when the weather’s nice.
With the summer heat ratcheting up, you may be coming down with a serious case of pool envy, obsessed with having a pool right outside your door for cooling off and entertaining friends. A swimming pool can even increase the value of your home. But, will it increase your homeowners insurance rates too?
Before you dive in and add a pool to your property or buy a home that already has one, here are three important things to keep in mind:
Above all, ask us questions. Against which risks is damage to my pool covered? Is the pump covered too and under what circumstances?
Working closely with someone who understands your property and the local zoning laws is one of the best ways to fully understand how a pool may affect your homeowners insurance rates. We can help you find the right balance of coverage for your specific situation and help ensure your relaxing oasis isn’t an unmanageable risk.
Looking for a Homeowners Insurance quote?
Contact us to get the coverage that’s right for you, whether you have a pool or not!
For more information, visit Safeco Insurance®.
Today, as car sharing has grown in popularity (well over a million people are members of various services in the U.S., according to the Transportation Sustainability Research Center (TSRC)), the number of options has grown, too.
You can borrow a company-owned car (think Zipcar or Car2Go) for a few hours at a time or for a daily rate, returning it to the spot where you picked it up or a drop-off area in a designated zone. You can even rent cars from other individuals—and rent your car to them.
There are benefits and drawbacks to car sharing—just as there are when driving your own car everywhere. But is sharing right for you? Here are four things you should consider before you get started.
There’s a lot to like about car sharing, but there’s a lot to think about, too. Don’t hit the road before you weigh the pros and cons—and make sure you’re protected.
For more information, check out SafeCo's website.
“No winter lasts forever; no spring skips its turn.”
That’s a quote from author Hal Borland — but another favorite saying might be even more appropriate for this time of year: “Be prepared.”
After all, warmer weather brings plenty of risk to go with its beauty. If you aren’t ready, you could find yourself with more spring cleaning than you bargained for after heavy rains, hailstorms, and other hazards.
Here are five things you can do to get yourself and your property all set for the season.
To learn more, check out Safeco Insurance®.
Home improvement: It’s a never-ending process for many people, and for those of us who aren’t necessarily handy, it can be a hassle, too.
But there are plenty of simple maintenance tasks and other improvements you can handle to make your home safer – whether you’re handy or not. And you won’t have to break out the power tools (or any tools at all in some instances) or worry about getting in over your head.
You need running water in your home – but not water running in your home, if you know what we mean. Even minor leaks can cause major problems, from higher water bills to damage requiring costly repairs (maybe even the kind you can’t tackle yourself). Here are some easy ways to make sure your water stays where it should:
Keep Your Family (and Your Guests) On Their Feet
Millions of Americans – many of them older adults – are injured in falls each year. About 2.5 million were hurt in 2013 alone, according to the National Safety Council and the Centers for Disease Control and Prevention. Look around your home. Should you make some of these fixes?
Give Everyone Some Air
Pollution isn’t just an outside thing – the air in your home can be unhealthy, too. But helping people breathe a little easier isn’t hard when you follow these steps:
Home improvement doesn’t have to mean a kitchen remodel or finishing the basement. Making your home safer, in fact, just might be the best improvement of all.
Reposted with permission from the original author, Safeco Insurance®.