Creating a home inventory


fyrniture items in a home inventory

Pop quiz – without looking, see how you do answering these questions:

  • What are the makes and years of your major kitchen appliances?
  • How many pairs of pants do you own? Jackets? Shoes? Boots?
  • What year did you buy your mattress and bed frame and what brand is it?
  • Name all the power tools you own. List the contents of your tool chest?
  • What brand of dinnerware and flatware do you own and when did you buy it?
  • List all your AV equipment, the make, the brand and the year you bought it.
  • Write down everything in your living room. Include what’s in the drawers and closets.

It’s not so easy remembering that stuff, is it?

It would be even harder if you were trying to recall all your stuff right after your house was destroyed in a fire or demolished in a hurricane. That’s why it’s important to keep a home inventory. If you find yourself under the terrible stress of recovering from a disaster or even a burglary, you don’t need the added burden of trying to remember all the possessions you lost so that you can be properly reimbursed by your insurer. A good home inventory will help you document your losses and make it easier to file a claim and get it processed.

You can record your “stuff” in a notebook (old-school style), but phones and computers have really simplified the process. A simple spreadsheet will do the trick, or use your phone to take  room-by-room videos and document with photos. Or download an inventory app. Just be sure that you have multiple copies, that you store your inventory in a safe and accessible place and you keep it updated. Even if you make a hand-written version, you can scan it and keep it online in cloud storage.

If you’ve never done a home inventory, it can be a daunting job, but there are tools to help. And going forward, things will be much easier if you get in the habit of taking photos of new purchases and saving receipts. Log serial numbers, when available.

Consumer Reports offers advice on How to Inventory Your Home for an Insurance Adjuster – including this short video:

Here’s more home inventory advice from people who should know: insurers.

If you are interested in an app to help you create a home inventory, here are some reviews of top picks:

 

Posted in Homeowners

Spring Home Maintenance Tips


 

Spring is officially here, and as any homeowners knows, it’s time to roll up your sleeves and tackle some annual home maintenance tasks. Consumer Reports put this great list together last year. It includes tips for:

  • Cleaning household filters
  • De-griming countertop appliances
  • Washing windows
  • Prepping your lawn mower
  • Sprucing up your Lawn
  • Getting your gas grill ready
  • Pressure washing your deck (or porch)
  • Organizing your garage
  • Checking your tires

For a good year-round home maintenance checklist, the American Society of Home Inspectors has a comprehensive list of tasks and suggests as to whether they should be completed periodically, in the spring or in the fall.

We also like this cute springtime infographic from ReadyNest – see below or click on the image for the original.

inforgraohicspring home maintenance list Related posts

Garage door maintenance tips: A handy infographic
New homeowners: Build your home maintenance tool-kit
Deck maintenance tips & tools: Don’t risk a collapse!

 

 

 

How to avoid hydroplaning – and what to do if it happens


tire idriving through hevy rain to illustrate hydroplaning

We all think about tire safety in winter when the roads are snowy or slushy and we adjust our driving accordingly. But what about in the rain? Wet, slick roads with water buildup can be quite hazardous, too. Many drivers are rather cavalier about  adjusting their driving in the rain  and are caught short when something goes wrong, such as hydroplaning.

Hydroplaning – also sometimes called aquaplaning – is losing traction over water while driving, and actually skimming or sliding on the surface of that water. Losing contact with the road is a frightening experience because it results in loss of control of the car. The formula for hydroplaning is speed, tire tread depth and water depth. It’s important to maintain your tires and slow down when it rains. Even a light rain can be hazardous, particularly in the first few minutes as rainfall mixes with oils on the road surface.

Edmunds offers excellent Tips for Driving Safely in the Rain. Also, check out these two videos that talk more about what hydroplaning is and what to do should it occur.

 

Technology helps, but is not a substitute for caution
While driver-assist technologies such as traction control, anti-lock brakes and lane assist technologies can help keep us safer, don’t rely on them. Be cautious and be prepared:

  • Maintain your tires – make sure the tread is good and that they are properly inflated.
  • Slow down when it rains. Many experts suggest reducing speed by about one-third.
  • Avoid standing water.
  • Disable cruise control on wet roads and when raining.
  • Increase the following distance between you and the car ahead.
  • If you do hydroplane, stay calm, ease off the accelerator, and don’t make any sudden moves that may cause a spin out.

Thinking about a side hustle? Check with your insurance agent


man working at home to illustrate a side hustle

Today, it seems like everybody’s got a side hustle, which is essentially just a fancy rebranding of what used to be called moonlighting. But today’s moonlighting often comes with a twist …. these gigs often involve using your personal car or home to generate extra income. Whether it’s driving for Lyft, dropping off packages for Amazon, delivering meals through DoorDash, renting your home through Airbnb or just taking advantage of a tourist influx during a big local event by renting out your home, five words of advice: check with your insurance agent.

If your goal is earning some extra cash, make sure you understand and are covered for potential risks. You might think you are covered by working for a third-party service, but if you injure yourself or someone else while working, if you damage or lose someone’s property or if you suffer a loss to your own property, you may be on your own. Here are just two examples:

Home rental – If you want to start renting out all or a portion of your home through a peer-to-peer rental service, what happens if a guest is injured on your property? Or if a guest burns the whole place down in a cooking fire, will your rental service cover your home replacement?

Some services, such as Airbnb and VRBO, offer programs such as host guarantees or host liability insurance. On first glance, these may look adequate – $1 million liability coverage should be enough, right? But like most things, you need to read the fine print because there are conditions, limitations and exclusions that could leave you exposed to serious loss. You also should not assume that your own homeowners policy will provide coverage in a home rental scenario. Insurance Information Institute says:

Standard homeowners and renters insurance policies are designed for personal risks, not commercial risks. Some insurers now offer a home-sharing liability insurance policy that can be purchased on a month-to-month basis, but there may be exclusions and limitations, so read the policy carefully. If you plan to rent out all or part of your home on a regular basis, many companies will consider this a business use and you may need to purchase a business policy—specifically either a hotel or a bed-and-breakfast policy.

Ridesharing – Check with the service you are contracting with about any coverage that they might offer – states are increasingly mandating that third-party services provide some coverage, but again – there could be conditions, limitations and exclusions that leave dangerous gaps in your coverage. And it’s a mistake to assume that your own personal auto insurance will cover you. Insurance Information Institute says:

Generally a standard personal auto policy will not provide coverage for ride-sharing. A standard personal auto insurance policy stops providing coverage from the moment a driver logs into a TNC ride-sharing app to the moment the customer has exited the car and the transaction is closed.

They also advise:

Prospective drivers should ask the TNC what level of coverage it provides. Drivers should also contact their own auto insurer to address gaps, if any, in their liability protection. It is also recommended that TNC drivers review a copy of their TNC’s insurance contracts so they know the exact terms and conditions of the coverage.

Learn more: Ride-sharing and insurance: Q&A

These are just two common examples of so-called side-hustles, but other income-generating activities might call for other types of coverage, such as product liability or home business coverage. Your agent can also help you assess the adequacy of coverage offered by a third-party.  If you are considering a side-hustle, give your independent insurance agent a call to talk things over.

Posted in Laws, Liability

Drunk Driving Simulator Show the Danger of Impaired Driving


drunk-driving-suit-largeHow impaired are you when driving under the influence? Ford’s Driving Skills For Life Program tested that theory out on teens using a drunk driving simulator suit that they developed to mimic the feeling and effects of inebriation. With weight pads, sound and goggles, they simulated the effects of drunkenness and had teens try driving while impaired.

“To impair coordination and balance, teens have a set of weights strapped to their body in different locations. For instance, one might be on the left ankle while others weight their shoulders and wrists down.

For a slower physical reaction time, trainers attach restrictive braces to both elbows and knees. Lastly and, perhaps, most challenging, the young participants don muffling headphones and vision-distorting goggles.”

This is a simulation, but the problem is real. While alcohol-related driving deaths have trended down since the 1990s, alcohol is still a factor in nearly one-third (31%) of all traffic-related deaths in the United States.

Every day, almost 30 people in the United States die in drunk-driving crashes — that’s one person every 50 minutes. These deaths have fallen by a third in the last three decades; however, drunk-driving crashes claim more than 10,000 lives per year.  – NHTSA

Your BAC (Blood Alcohol Count) is a measure of the amount of alcohol in your bloodstream. You can learn about your BAC and how to get a rough calculation of your BAC, and what level of drinking will lead to impairment for your weight/sex. There are also a variety of BAC gauging apps that you can get for your phone. Learn more about the effects: The 6 stages of getting drunk.

It’s very important to know your state laws and BAC limits: Find your state’s drunk driving laws

Most states have administrative license suspension (ALS) on the first offense. ALS allows law enforcement to confiscate a driver’s license for a period of time if he fails a chemical test.

DUI and Insurance

If you have a Driving Under the Influence (DUI) license suspension or a DUI-related accident, it will be reflected in your state driving record and you should expect it to have an impact on your insurance. As a “high risk driver,” your insurance company could cancel your policy or decide to drop you when it is up for renewal. At the very least, expect limited options and a huge hike in the price you pay to secure coverage. In some states, an insurance company may deny coverage of personal injuries or property damage related to a DUI-related accident.

A DUI conviction may also have a big effect on Life Insurance rates. Some companies may decline coverage entirely for a number of years after a conviction.

Posted in Uncategorized