RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Don't Slip Up - Renter's Insurance Isn't Just for Possessions

December 17, 2014 12:36 am

About once a year I get a reminder from Peter Frascarelli, CPIA, president of PIACT - the Professional Insurance Agents of Connecticut Inc. He has often discussed how renters insurance covers personal items in the event of damage from a variety of events.

If your belongings encounter smoke, broken water pipes, electrical surges, vehicle damage, vandalism, windstorms or an explosion, many renter's insurance plans can cover replacing or repairing items.

However, Frascarelli says, there are some restrictions on what renters insurance will cover.

Generally, natural disasters like earthquakes and flooding are not covered, although most insurance companies offer additional coverage for these situations.

But the most important point Frascarelli makes is regarding renter's liability exposures. Did you know if someone twists an ankle on the wet bathroom floor, the renter is responsible for covering the treatment for the injury.

All the more reason for both current and prospective renter's policyholders to double-check to ensure your policy will cover the medical payments for the injured person, and up to what amount.

One way to ensure you are compensated for any belongings you may lose in a fire, storm or other catastrophe Frascarelli says, is to take an inventory of all possessions.

Your inventory should list each item, its value and serial number. Photograph or videotape each room, including closets, attics, cellars, storage buildings and your garage.

Keep receipts for major items in a fireproof place. And, keep several copies of your inventory and receipts in another location.

Renters insurance is relatively inexpensive, according to Frascarelli.

Just like any other type of homeowners insurance policy, a renter's insurance premium will depend on a number of factors: where you live; your deductible; your insurance company; and whether you need additional coverage.

To save the most on premiums, Frascarelli says consider increasing your deductible - and ask about discounts for protective devices including smoke and fire detectors and burglar alarms.

Published with permission from RISMedia.


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How to Travel Smarter This Holiday

December 17, 2014 12:36 am

Tensions are generally higher on roads and airways over the holidays, and with more Americans than ever planning to travel this season, it’s important to be prepared. To avoid frustration and headaches, Getaroom.com recommends the following tips.

1. Consider traveling on a holiday. Travel on Christmas Day is often much cheaper than in the days leading up to the holiday. If you have kids that want to spend Christmas morning with close relatives and Christmas evening with those further away, traveling on Christmas Day may be your best bet.

2. Save on car rentals. If your vacation is only four to five days in length, you might want to search for weekly rates on car rentals, rather than daily costs. Stay away from car seat or GPS rentals offered with the car, as well as supplemental insurance

3. Fly a smart route. Avoid layovers in areas where snowstorms are prone to happen. If you’re traveling from San Diego to Miami, for example, avoid layovers in Detroit, Chicago or Denver, where winter weather can wreak havoc. Select a route that flies through less unpredictable climates, such as Houston or Atlanta.

4. Get a ride to the airport. Airport parking rates tend to skyrocket over the holidays, so get a lift from a friend or use a recommended car service.

5. Account for extra time. Long lines at the airport can put you at risk of overbooking situations, so arrive well in advance of your departure time. If several flights are overbooked and you miss your original flight, airlines have limited obligations to assist you.

Source: Getaroom.com

Published with permission from RISMedia.


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