Monthly Archives: September 2015

Fall Home Safety

Household safety tips change with the season

As days get shorter and nights get longer, our habits begin to change. Most of us typically spend more time at home and less time outside. That usually means resuming favorite fall pastimes like watching football games and drinking hot cocoa on the sidelines of our little ones’ soccer games.

Arriving along with the season of autumn is a host of safety hazards we didn’t have to think about over the summer, creating the need for a little extra vigilance. As the temperatures drop and you settle in for the approaching cold spell, consider the following pointers for ensuring you and your family stay not just warm, but also safe!

Warm up carefully. All types of heating units can be dangerous. If you use a wood-burning fireplace, secure it with a screen to prevent sparks, and make sure the fire is completely out before you retire for the night. In addition, make sure a qualified chimney sweep inspects and cleans your fireplace flue once per year. If you depend on your home’s furnace, make sure it has been inspected before you start to use it again. If you have any space heaters, make sure they are in good working order (no frayed cords) and out of the reach of children.

Enjoy ambiance safely. If you use candles to add a warm glow to a cold night, make sure they are safely out of reach of children, can’t be overturned by pets, and are not close to flammable items such as blankets, paper, or furniture. If you’re known for falling asleep before heading to bed, extinguish all candles early in the night to avoid an unsafe, all-night burning situation.

Exercise yard safety. If you’re going to be pruning trees and shrubs, hanging Halloween decorations, raking leaves, or engaging in other yard activities, use caution: be careful on ladders, avoid power lines, and put away yard tools when you’re finished.

Be grounded. Have weather-friendly shoes and boots handy for the whole family. This is the season for slippery driveways and walkways. Without proper footwear, you can find yourself on your back or in the hospital.

At the Insurance Center of Milwaukee, we wish you a fabulous fall season!

Contact Us!

We can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 414-744-6614 or send us a note at info@InsuranceCenterMilwaukee.com. We want to help you meet your goals and make sure what’s important to you is protected!

Renters Insurance

The Importance of Renters Insurance

If you live in a rental or apartment, there is a 60% chance that you don’t have the proper insurance. Despite the fact that rented homes are more likely to be burglarized than owner-occupied properties, nearly 60 percent of renters don’t have renters insurance.

Why does it matter?

“If you rent a house or apartment and think that your landlord is financially responsible when there is a fire, theft or other catastrophe—think again,” warns the Insurance Information Institute*. Landlords may have insurance to protect the building, but your landlord’s policy won’t replace your personal possessions. The best way to protect yourself financially against theft, fire, etc. is to buy a renters insurance policy.  Renters insurance can cover your possessions, liability, and additional living expenses. Let’s take a look at these three types of protection:

 Possessions

Standard renters insurance protects your personal belongings against damage from fire, smoke, lightning, vandalism, theft, windstorm, water, and other disasters listed in the policy (see the policy for details) – floods are not covered. There are “special form” policies available as well and they cover many more perils than standard “broad form” policies.

To decide how much insurance to buy, you need to know a ballpark value to replace of all your personal possessions—including furniture, clothing, electronics, appliances, dishes, and even towels or bedding (most people insure their “stuff” for $20,000-$100,000). There are two types of settlement options for your possessions if there is a claim:

Actual Cash Value pays to replace your possessions minus an amount for depreciation up to the limit of your policy.

Replacement Cost pays the full cost of replacing your possessions (with no deduction for depreciation), up to the limit of your policy. The price to add replacement cost coverage is minimal, so always ask for replacement cost.

Note that most renters policies offer only limited coverage for items such as jewelry, guns, etc. If you own these items, you may want to supplement your policy with an endorsement. An endorsement is added to the policy providing additional insurance for valuables and covers them for perils not included in your policy such as accidental loss.

Liability

This coverage is not what you typically think about when you think renters insurance.  Renters insurance policies usually provide liability protection in the event you unintentionally cause injury to others or damage their property.  It also pays for damage or injury caused by your pets.  If you are sued, the liability portion of a renters policy may pay for both the cost of defending you in court and for the damages, up to the limit of the policy. Liability limits generally start at about $100,000.

Additional Living Expenses

Many people are pleasantly surprised to learn that Additional Living Expense (ALE) coverage is typically included in a renters insurance policy. If the home or apartment you are renting is damaged or destroyed and you need to live elsewhere while it is being repaired or rebuilt, renters insurance will cover your additional living expenses—namely the difference between your regular living expenses and the additional costs incurred by having to live away from your home, such as hotel bills, temporary rentals, restaurant meals, etc.

A typical renters policy costs $10 – $40 per month. Contact us today at 414-744-6614!

*Insurance Information Institute, September 30, 2009