Courtesy of iii.org Tough times bring out the best in many people, and the ongoing COVID-19 pandemic is no exception. Citizens around the world are donating to crisis response organizations, sewing masks and gowns for medical workers, delivering groceries to homebound neighbors and boarding shelter animals. Corporations also are rising to the occasion. MetLife (a Triple-I member company) is providing parking lots at its St. Louis office location for the local hospital, Mercy South to use for coronavirus drive-through testing. And the MetLife Foundation has committed to donating $1 million to food banks across the U.S. to help them deal with increased demand for their services as a result of coronavirus. Food banks face the challenge of getting shelf-stable food into people’s homes as quickly as possible, especially now that vulnerable populations, such as the elderly, have been advised to practice social distancing. In addition, food banks face greater need from families …
Homeowners Insurance Coverage Tips
Courtesy of iii.org For many people, their home is their greatest asset, so it is crucial to avoid being underinsured. To properly insure your home, it is important to ask your insurance professional four key questions. 1. Do I have enough insurance to rebuild my home? Your policy needs to cover the cost of rebuilding your home at current construction costs. Unfortunately, some homeowners simply purchase enough insurance protection to satisfy their mortgage lender. Others confuse the real estate value of their home with what it would cost to rebuild it. Quite simply, you should have enough insurance to rebuild your home in the event that it is completely destroyed. Be sure to consider the following: Replacement cost - Most policies cover replacement cost for damage to the structure. A replacement cost policy pays for the repair or replacement of damaged property with materials of similar kind and quality. Extended replacement cost - This type of policy provides …
Emergency Plan for Your Household
Courtesy of iii.org Health officials in the U.S. have advised businesses, schools and communities to prepare for a possible outbreak of the COVID-19 coronavirus. On Tuesday, February 25, the Centers for Disease Control and Prevention (CDC) said a wider spread of the virus in the U.S. can be expected, but the agency is uncertain of the severity of the threat. The disruption to everyday life could be severe. “It’s not so much a question of if this will happen anymore but rather more a question of exactly when this will happen and how many people in this country will have severe illness,” said Dr. Nancy Messonnier, the head of the National Center for Immunization and Respiratory Diseases at the CDC. Being prepared for a pandemic should be a part of every household’s emergency plan. The Federal Emergency Management Agency’s Ready.gov website offers the following tips: Before a Pandemic Store a two-week supply of water and food. Periodically check your regular …