liability insuranceWhen discussing and rating homeowner insurance policies, personal liability coverage is often an afterthought. Insurance companies and insurance agents don’t always take the time to explain what it is and what it covers. Don’t fall into the trap of thinking personal liability coverage isn’t important. It most certainly is!

For starters, let’s look at the types of claims that are potentially covered by this part of the homeowner insurance policy: bodily injury claims and property damage liability claims. It is quite common to see personal injury coverage added to personal liability coverage via endorsement, as well. For the sake of discussion, we will include personal injury coverage with the other liability coverages we mention.

So, what exactly does this cover? [READ MORE]

Prepare for the Loss of Special Possessions

jewelryNew Year, new outlook. Many of us have been busy writing down goals for 2018 and looking forward to starting off the New Year with a fresh perspective. I’ve always loved hearing the variety of resolutions from my family and friends and the different ideas they bring to the New Year. Of course, you hear the most common resolutions of “watch what I eat,” “go to the gym more,” “save money,” etc. But this year, I’ve heard a new resolution; “be more prepared.” This got me thinking: am I prepared for the unexpected and how can I help others be more prepared? In the insurance world specifically, there are many unexpected situations that can take place, but there are also many ways to be more prepared

Did you know that many homeowners’ policies have special limits of coverage for certain types of property? Do you own any valuable jewelry? If so, did you know that many insurance policies only cover theft of jewelry up to $1,500?

[Read More]

RLI Personal Umbrella Policy

Did you know that owning a dog, driving a car or inviting guests in your home could make your the target of a lawsuit, even if you are not directly responsible for the cause. Unfortunately, we live in a society where lawsuits are becoming commonplace. Most of us are unprepared for the financial consequences. Watch this video on how to add an extra layer of liability protection that goes above the coverage limits already provided by your homeowners and auto policies to protect you and your personal assets.

The Benefits of Working with an Independent Agent

insurance agentHaving worked in the insurance industry for ten years, I have received many calls, e-mails, and texts from friends and family regarding their insurance needs. I am more than happy to assist where I can, but my conversations with them seem to always end with one question, “Do you have an independent agent?” Like many not in the insurance industry, insurance can be an unknown. It’s something that you know you need to have, but don’t fully understand how it works. It’s an intangible product that you pay for every year and hope to never use. Here are three reasons I believe working with an independent agent is the best option for purchasing insurance. {Read More…}

It’s a Bird. It’s a Plane. No it’s a Drone.

droneUnmanned Autonomous Vehicles (UAVs) or Remotely Piloted Aerial Systems (RPAS), commonly known and referred to as drones, are aircraft which can be operated without an onboard pilot. Originally developed for military use in situations deemed too dangerous for manned aircraft, their use has since expanded to scientific, recreational, agricultural, commercial, and insurance industries. In the insurance industry, they are highly versatile. They can perform such tasks as property surveillance, 3-D mapping, and roof inspections. As the number of drones increase and their capabilities expand, it is inevitable that they will soon become common sights in the sky. As with any new technology, drones have their own unique risks and hazards. If you have purchased a drone, or are looking to purchase one for your personal or commercial use, the following tips, guidelines, and general information will help you comply with existing regulations, safely operate, and properly insure your drone. {Read More…}

What’s Driving My Personal Auto Insurance Rates?

personal auto insuranceIf you drive a vehicle, you are required by law to have insurance. But why do we need it?

Consider hitting a car and injuring three passengers. If both your vehicle and the other vehicle are valued at $20,000 and considered total losses, and each passenger has medical claims of $20,000, this quickly adds up to $100,000! That’s an amount I don’t even want to think about having to plan for in my annual budget! Fortunately, there’s insurance! {Read More…}

The Great Escape: Emergency Escape Plans

home fire escape planAccording to the National Fire Protection Agency (NFPA), roughly seven people died each day in U.S. home fires in 2013. Having a fire escape plan is quintessential and the implementation of such a plan is critical to ensuring a safe evacuation in event of a fire emergency. Here are some helpful tips to follow for preparing your home and creating and implementing a plan.
{Read More…}

Password Mania!

password safetyThis phrase and its variations can strike fear into a person’s heart in ways that few others can. Is someone reading your e-mails? Do they have your credit card information? Do you use the same password on any other sites, rendering them vulnerable?

Let that last question sink in a bit. If you use the same password on multiple sites and that password is compromised anywhere, every site where you use that password is compromised. {Read More…}

The Hidden Costs of Cheap Insurance – What Are You Getting for Your Money?

cheap insuranceIt’s next to impossible to watch any type of TV programming without seeing a commercial advertising how you can save money on your insurance. So should you really purchase your insurance policy based upon the cheapest price?

Before I elaborate on this, allow me to ask you a different set of questions:

  • – Would you hire an attorney based solely upon who has the cheapest hourly rates?
  • – Would you hire a financial planner or investment advisor based solely upon their fees?

If you’re like most people, you probably answered these questions with a resounding “no.” Then why should making a decision on your insurance policy be any different? {Read More}

School Safety Saves Lives

distracted drivingIt’s back to school time and for many children, school is already in session. Today as I drove my son to school, I realized how important it is to use extra caution while driving, now that school is in session. This is the time of the year when we say goodbye to the leisurely summer traffic, and start sharing the road with hurried parents, new teen drivers, student pedestrians, and school buses. Not only do we want to send our kids off to school safely each day, but it is equally important that each of us make it to and from work safely. Why not start this school year by sharing the following safety tips from the National Safety Council:

    • Be extra vigilant in school zones and residential neighborhoods, especially near bus stops, playgrounds, and parks.

 

    • Leave enough time to get your destination, so you won’t be tempted to speed.

 

    • Never pass a vehicle stopped for pedestrians.

 

    • Never pass a bus from behind – or from either direction if you’re on an undivided road – if it’s stopped to load or unload children.

 

    • Be alert; children are often unpredictable, and they tend to ignore hazards and take risks.

 

    • Be aware of inexperienced teen drivers who may struggle with judging gaps in traffic, driving the right speed for conditions, and turning safely.

 

    • Avoid distractions such as eating, putting on makeup, or using your phone for texting, talking, or apps such as Pokémon Go.

 

    • Acknowledge and encourage staff members who are willing to share ideas or experiences about how they exercised a little extra care and caution on the road.

 

  • Talk to your children about being aware of their surroundings (no walking while wearing headphones or while texting or talking), crossing only at cross walks, always walking on sidewalks when possible, and looking left, right, then left again before crossing the street.

Though many of us have probably heard or shared these tips before, I like to live by the motto that it’s always better to be safe than sorry. Let’s join together in promoting a safe and accident-free school year. After all, nothing is more important than you, your family, and your staff making it home safely each day.

For more information or resources regarding this topic, please contact your loss control representative.

References:
“Slow Down: Back to School Means Sharing the Road.” Back to School Safety Tips for Drivers. National Safety Council, n.d. Web. 22 Aug. 2016.
“A Teen’s Biggest Safety Threat Is Sitting on the Driveway.” Teen Driving. National Safety Council, n.d. Web. 22 Aug. 2016.

Source: https://blog.central-insurance.com/2016/08/25/school-safety-saves-lives/