Steps to Take When Seeing an Ice Dam
While its true that the weather has been heating up considerably (about time!) there’s a chance there are still a few winter dangers lingering around your home. The one we’re going to focus on in this post is ice dams. Ice dams form when water from melting snow re-freezes at the edge of your roof line. That’s why it’s an important issue for this time of the season since there’s a lot of melting snow. Ice dams are harmful because they can trap water on your roof instead of allowing it to drain naturally. And this can lead to damaged roofs and leaks and generally things you should try and avoid.
There are some fairly easy steps to follow if you see an ice dam forming. First, you should make sure your downspouts are clear so that your gutters are able to do their job. And you can also remove snow from your roof (or have it removed) which will help prevent ice dams altogether.
For a more in depth guide on ice dams and how to deal with them you should visit the section Travelers dedicated to the problem here.Read More
Which Life Insurance Policy Will You Need?
One way to calculate how much life insurance you need involves figuring how much investment capital it would take to replace all of your income for two decades or longer if it were invested in secure Treasury/municipal bonds and certificates of deposit. Another approach focuses on four categories of need. The first, funeral/burial expenses, ensures that beneficiaries will receive up to $20,000 in tax-free proceeds faster than they would from an estate. Next, mortgages and other debts are taken into account so that surviving members don’t have to face the prospect of needing to sell the family home. Lastly, add the (future) cost of education as well as your current pretax earnings (until retirement) to your family’s income replacement needs.
NOTE: Use the calculation of need in the above four expense categories to get an estimate of how much life insurance is appropriate, then fine-tune the numbers to reflect personal circumstances.Read More
What Does Your Homeowner’s Policy Cover?
While casual hobbyists can generally rely on their homeowners policies (which typically cover personal property up to half the value of their homes) for coverage of their collections, serious collectors with valuable collections should either have riders on their homeowners policies or specialty-insurance coverage.Read More
Have You Looked Into Renter’s Insurance?
With so many homeowners either being forced out of their homes or postponing their decision to purchase a first home during the past few years, more than the usual number are finding themselves renting. In the process, many seem to have overlooked the importance of purchasing renters insurance. According to a recent Insurance Information Institute poll, 96 percent of homeowners have homeowners insurance, but only 31 percent of renters have renters insurance. Perhaps renters without proper coverage mistakenly believe that their landlords’ insurance will protect them from loss. However, unless the owner’s negligence caused the loss, an owner’s insurance policy only provides coverage for the building and any property belonging to the owner. For everything else, renters need renters insurance.
NOTE: Renters insurance covers damage, theft, or loss of personal property, as well as personal liability coverage and damage to the apartment caused by a covered loss.Read More
Technology Has Increased At-Home Businesses
Innovations in technology have made it possible for increasing numbers of individuals to operate small businesses from their homes. Those small business owners who have availed themselves of these new technologies should make it a priority to ensure that their liability, business equipment, inventory, and other assets and risks are insured appropriately.Read More