Courtesy of iii.org RENTERS INSURANCE If you rent, rather than own, your home, have you bought renters insurance? While your landlord may provide insurance coverage for the structure of your home, as a renter you are responsible for your own belongings. Renters insurance covers the loss or destruction of your possessions if they are damaged by a hurricane or other disaster listed in the policy. A standard renters insurance policy also includes ALE coverage if you are unable to live in your house or apartment due to damage caused by a hurricane. Flood insurance is also available for renters. However, as for homeowners, the NFIP flood insurance policies for renters do not include ALE coverage. Don’t wait to review and update your insurance until after you have a loss—there are few things worse than finding out you did not have the right kind of coverage when you are already filing a claim. So before hurricane season kicks off, make sure you’ve reviewed home or renters …
Help on Protecting Your Business From Bad Weather Effects
Courtesy of iii.org Courtesy of iii.org With predictions of an above-average hurricane season issued by Colorado State University this week, businesses need to take measures to prepare and increase their chance of surviving, according to the Insurance Information Institute (I.I.I.). Forty percent of businesses do not reopen after a disaster and another 25 percent fail within one year, according to the Federal Emergency Management Agency (FEMA). But by taking action now to prepare, businesses can increase their chance of getting back on their feet financially and keeping their doors open. The I.I.I. and the Insurance Institute for Business & Home Safety (IBHS) recommend the following steps: Develop a Business Continuity Plan Having a business continuity plan is vital for companies to prepare for, survive and recover from a hurricane. Use IBHS’ free OFB-EZ® (Open for Business) business continuity planning tool to create a plan that focuses on recovering after the …
Carjacking And You
Courtesy of iii.org Having your vehicle stolen is bad enough, but carjacking—having it taken while you're behind the wheel—is potentially dangerous, even lethal. Foil would-be car thieves and keep yourself safe with these precautions. Having your vehicle stolen is bad enough, but carjacking—having it taken while you're behind the wheel—is potentially dangerous, even lethal. Foil would-be car thieves and keep yourself safe with these precautions. Motor vehicle theft takes a human as well as a financial toll A motor vehicle—car, SUV, truck, bus or motorcycle—is stolen in the United States approximately every 45 seconds. In addition, parts of cars, like airbags and catalytic converters (which are stolen for their recycling value) are stolen out of the cars themselves. Cars and car parts stolen in the United States often wind up on overseas markets, making recovery impossible. And, though armed auto theft represents a small percentage of the incidents, carjacking is a …