A coverage checklist for home insurance

As a homeowner, it is imperative that you understand what is covered, or more imporantly — what’s NOT covered.

Not all policies are created equal

There are many different options with home insurance, so it is important to first know what is included in a standard home insurance policy. Simply because you have a policy does not mean you have obtained proper protection, and sadly most people only come to realize this when it is most important — when you need to file a claim.

For example: One common exclusion in standard home insurance policies is damage caused by water back-up of sewers and drains. However most insurers provide the option to add the coverage back for a nominal cost. I include this coverage on every single proposal I deliver. If the client opts to decline and sign off on this coverage it is because they have made the decision to remove the coverage — not because I made the decision for them in an effort to be the cheapest.

I never want to find myself on the phone with an angry client standing in two inches of their own crap, wondering why in the hell I wouldn’t have told them about this inexpensive coverage in the first place. That would be, well…crappy.

Do you’re homework and find out how well you are (or aren’t) protected:

Facts about LIFE

Life HappensLife is unpredictable—that’s why we say LIFE Happens. And while you can’t control the future, you can take steps to protect your family financially and safeguard the good things that you’ve created in your life with proper life insurance planning.

Each year millions of Americans endure unnecessary financial hardship as a result of loved ones dying with little— or no life insurance

The number of Americans with a life insurance policy has declined to an all time low as 41 percent of the population (95 million) stated they have no life insurance at all!1

Also Scary: 4 in 10 of those who DO have life insurance only have it through group life insurance coverage

Let me be the first to tell you — this is bad planning.  Sure, it’s great to have your employer provide you with a life insurance policy in which they are paying for — but don’t let that be your only protection! Think about it — do you know for sure that you are going to be with that employer for the rest of your working years?  There is no way to know for sure, but what do you think happens when you leave your employer (Along with your life insurance policy) behind, and you are now 20 years older? Or worse, your health has deteriorated and you are no longer considered to be the “Insurable” candidate you once were? The thing about life insurance is that you aren’t bound to keep it forever — if your lifestyle changes and you don’t feel you need the coverage — you can opt to cancel the policy.  That is A LOTeasier to do than trying to find a  policy with unfavorable health conditions.

Life insurance should serve as the foundation of your family’s financial security

Life Insurance ensures that your loved ones will have the same lifestyle and opportunities, even if you’re not here.  While it cannot replace you, it can provide your family with funds they need to:

√ Pay final expenses
√ Make adjustments in their life
√  Replace the income you provide
√  Keep your family in their OWN World (i.e: Home, Neighborhood, School)
√ Create a college fund
√ Provide for financial emergencies
√ Provide for child care and/or home care

Standing up to the future means making sure you and your family can carry on, even in the face of a disaster. That’s where life insurance and other forms of insurance come in.

Life insurance won’t guarantee you’ll never face a tragic situation, just as wearing a seat belt won’t keep you from crashing your car. But it will provide your family with financial protection. And whatever hopes and dreams you have for your loved ones can still be realized, even if the worst were to happen.

That’s why we say LIFE Happens — because it really does — no matter what the future throws at you.

This infographic does an excellent job of highlighting some of the important facts and figures about life insurance: Continue reading

Don’t ____ & Drive:

Distracted Driving is Deadly!

Each day, more than 15 people are killed and more than 1,200 people are injured as the result of a distracted driver being behind the wheel.1 Multi-tasking is a trait that we all must adapt to in order to survive in as our society continues to become more and more fast paced. The more we try to do at once, the more we are driven to distraction

Every time you get behind the wheel,  you will be faced with many opportunities for distractions, such as eating a cheeseburger, texting a boyfriend, or surfing the radio stations. The act of texting takes your eyes off the road for 4.6 seconds.  At 55 MPH, that’s like driving the length of an entire football field…. blindfolded.2  A few seconds may not seem like a lot of time, but that extra second can mean the difference between safety and tragedy for any driver.

Driven to Distraction Infographic

[Source: Bolt Insurance]

1 CDC: Distracted Driving
2 Distraction.Gov

Car Safety in 2011

You are probably aware that your car insurance rate is based on many factors such as age and gender and the type of car that you drive. However many individuals assume that the performance of their car is the main rating factor – and while that certianly is factored in, an even larger factor is the safety of the car.

With improvements in modern technology, cars have become much safer and improved your chances of crash survival.  That is why it is important that safety features aren’t overlooked when you’re shopping for your next car.

Consumer Reports recently released this guide of safety features to look for when car shopping. This infographic outlines the car safety measures that were implemented in 2011.