Are Burglars Looking At Your Home?

A Personal Insurance Update

Your homeowner’s insurance may provide protection and help you recover from a loss.  However, it is very important to have the right kind of home insurance to cover these kinds of claims.  Call us for a free review.

Interesting Facts About Burglaries

Burglars do not travel far. The typical burglar lives within two miles of their victims.

Over 90 percent of burglars are male.

Dogs are not the same as a home security system.

95% of burglars are under the age of 25.

A large percent of burglars use an open door or window to enter your home.

Homes that have a security system are not as attractive to burglars.

What Can a Homeowner Do to Prevent Burglaries?

While nothing is 100% guaranteed there are measures you can take to reduce the likelihood of being a victim of a burglary.

Leave lights on when gone.

Have timers on outside lights.

Get a security system.

Never leave a door or window unlocked.

When traveling, do not post vacation pictures or information on social media until you return home.

Reduce landscaping around doors and windows.

Tell your neighbors to watch your home while you are on vacation.

Our agents have access to more carriers and more plans, and that means that they have more options – including multiple policy discounts and preferred premium pricing – to create the best possible combination of coverage to protect your family while lowering your costs.

Five Steps to Family Financial Protection

  1. What does financial security mean to you? Start by asking yourself, “What would happen if our family’s primary breadwinner died prematurely or became disabled?” Most people answer that they would want their loved ones to continue in the lifestyle to which they are accustomed, to have enough money to stay in their home, and to provide for their children’s education through college.
  1. Determine needs versus wants. You may want 100% financial security to provide for your spouse for their lifetime, and your kids through college. However, can you afford it?  Most of us don’t have enough savings to achieve this, which is where life insurance comes in. You will want enough money, or death benefit, to replace your missing income.
  1. Look at the entire picture. This is not just about life insurance–that is just one piece of the formula. You also need to consider the possibility of loss of income due to a disability, chronic, or critical illness.  Consider transferring this risk by purchasing Disability Insurance and Coverage for Long Term Care.  Look at all your assets such as money in retirement plans, benefits packages, investments, equity in property, and potential social security benefits.  Once you have the numbers you can figure out what the shortfall is–which can be funded with life insurance, or more life insurance than you currently have.
  1. Prepare a last will and testament! If you die without leaving a will, the legal consequences can be disastrous, particularly if you have many assets.  In addition, there are negative tax consequences that may arise. Your will guides the court, the person you choose to administer your estate, and your heirs on how to distribute your property and pay off debts.  A will can be completed online for very little cost through a multitude of online sources such as LegalZoom.com, LawDepot.com, and TotalLegal.com.
  1. Do not put it off. Far too often, I have had to inform an applicant for life insurance that they are being declined because of their poor condition of health.  Many of us simply are unwilling to accept our own mortality until we are given a grim medical diagnosis by a physician. DO NOT WAIT.  Life and Disability insurance cost much less the younger you are and the healthier you are.  Consider that the cost for a $1,000,000 life insurance policy for a healthy 45-year-old male is approximately $48 per month……about 2 weeks’ worth of coffee from Starbucks!

How to Minimize Holiday Risks

A Personal Insurance Update

November is here and that means the holiday season has started.  Over the next number of weeks, holiday activities will consume much of our time.  This is also the season when homeowners have insurance claims for fire, burglary, theft from vehicles, and even auto accidents.

Now may be the best time to have us review your personal insurance in order to make sure you have the individual coverage you need.

Shopping Safety Tips

Always be aware of your surroundings.

Put your shopping bags in your trunk.

NEVER leave car doors unlocked or windows open.

ALWAYS park in lighted areas. Do NOT park in remote areas.

Shop with a friend.

Keep receipts in your wallet or purse.

Avoid carrying large amounts of cash.

As you return to your car, make sure to keep your car key in your hand.

If you make expensive purchases, like jewelry or guns, call our office, as we may need to add these to your policy.

Christmas Tree Safety (provided by the NFPA)

Make sure the tree is at least four feet away from any heat source, like fireplaces, radiators, candles, heat vents or lights.

Make sure the tree is not blocking any exit or door.

Add water to the tree stand daily.

Never use lit candles to decorate the tree.

Only used approved lights.

Connect no more than three strands of mini string sets and a maximum of 50 bulbs for screw-in bulbs

Replace any string of lights that has worn or broken cords or loose bulb connections.

Home Safety Tips

If you are planning a vacation during the holiday, here are few ideas to consider:

Get a security system.

Trim landscaping that is too close to your house.

Don’t advertise your vacation on social media.

Cancel mail and other deliveries.

Leave lights on when gone.

Have a neighbor check on your home.

Always lock your garden sheds and garages.

Use a variable light timer to activate lights inside your home.

Summer Can Be Risky for Everyone

Summertime means more of us are heading to the pool, lake, ocean, or river to relax and have fun.  Unfortunately, these activities can lead to accidents and injury.  Summer also brings increases in heat related illness and teen driving accidents, according to PC260.com.

It is also important to have a personal insurance review to make sure all your summer activities are covered.  For example, if you have purchased a boat, you may need a separate watercraft policy.  In addition, if you have installed a pool you will need to add that risk to your homeowner’s policy.  We want you to have an enjoyable and safe summer, so here are some reminders about summertime safety.

Some of the Top Summer Risks

River water can be very cold, especially as the early snowmelt flows downriver.  Even if it is 100 degrees outside, the river water temperatures can be very cold.

If you are planning foreign travel, remember to check travel advisories.  Also, be sure you have all your medical issues managed correctly.  Check with your health insurer, as many will not provide coverage in foreign countries.

Don’t forget your pets. Summer heat can affect your pets, so make sure they are not left in vehicles or in homes during long heat waves.

When you are on the water, do not mix drinking and water craft driving.  Verify that you have life vests for everyone and keep life vests on all children all the time.

Heat stress is one of the most common illnesses during summertime.  The risk of getting skin cancer is much higher among people who sunbathe, and especially those who have experienced multiple sunburns.

Barbecues and fire related risks increase during the summer.  Always keep children away for open fires, and keep barbecues away from buildings.

When riding your bike we recommend you always use a helmet.

Georgetown Insurance Agency is a full-service independent insurance agency offering a wide range of cost effective solutions to individuals, families and businesses.

Insurance Policies Not To Consider In 2017

hook-881444_19202017 is going to be a year of change. We have a new President, we have a new healthcare system and we may recommend that you not buy certain kinds of insurance. We will be the first to say that certain insurance may not always be best for your needs. We believe each client is unique and therefore requires unique insurance solutions.

Here are some examples of insurance products you most likely do not need to buy.

  • Universal life – Typically term life insurance is going to be a better fit for you. Term life costs less, and you can take the premium difference and invest it yourself.
  • Extended warranty plans – These are never a good idea. The warranty premiums are mostly commissions paid to the salesperson. Some credit card companies offer this protection if you make the purchase with their cards.
  • Pet Insurance – Pet insurance usually is very limited in coverage and very costly.
  • Collision insurance on older vehicles – If your vehicle has little or no value, it is better to pocket the premium and place it into a fund for future losses.
  • Insurance on outstanding credit card balances – This type of insurance can be costly, and there are a lot of loopholes to go through before any benefit is paid.
  • Mini Storage Insurance – As long as you have homeowner’s or renters insurance you don’t need to buy special insurance. Most policies have automatic coverage for property away from your primary premises. Call us for details and limitations.
  • Mortgage life insurance – This protects the bank, not you. If you were to die, the payout goes to the bank, not your family. You are better off buying term life insurance.
  • Flight Insurance – This is completely unnecessary, as airline accidents are rare and your life insurance policy should already provide the coverage in the event of a catastrophe.

Insurance is designed for the accidents and unexpected events in life that are too costly to pay on your own. Call us for more information.

The Shocking News….Most People Do Not Have Enough Life Insurance

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Why Consider Life Insurance

According to the latest information, most people do not have enough life insurance. Only 6 out of 10 people have even considered life insurance, and many who do have life insurance don’t think they have enough. 70% of households with children say they are just barley meeting needs. But what would happen to those families if income was lost due to the death of a spouse?

Over 80% of people over-estimate the cost of life insurance. In reality, life insurance is very affordable and provides your family with financial peace of mind upon your passing.

Benefits of Life Insurance

  1. Payment on Debt – If you have any outstanding debt (like a mortgage) at the time of your death, it does not go away. Your estate will still be responsible to settle all accounts.
  2. Continuation of Income – Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish, and there’s a very good chance that your family will experience a lower standard of living.
  3. Unpaid Medical Expenses – It is highly likely that you will have medical expenses prior to your death; some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are well taken care of.
  4. Funeral Expenses – Most people don’t plan, or fund, their funeral expenses; again life insurance is there to help.

If a business owner has family members who depend on the income from a business, which might not continue if he or she were suddenly gone, the proceeds from company-owned life insurance could help replace the lost income and help protect the family’s quality of life while they adjust and move on.

Source: LIMRA’s Life Insurance Barometer Study 2013