Back To School – Possible Savings and Potential Risks

by Keith Wainauski on August 8, 2010

Back To SchoolWith school starting for many families – and the expenses that come with the start of school – many are looking for ways to save some extra money.  One possibly place is with your college aged drivers.

That’s right – there might be some potential saving from your college student.  How you ask??  Many insurance carriers have a “special” rating that is available for students that are away at college without a vehicle.  If your student is heading off to college and will NOT be bringing a vehicle along with them, you may be eligible for some savings on your auto insurance.  Not all carriers provide this discount, but I would recommend you give your agent a call to see what discounts might be available for your family. 

The other thing you want to consider when sending your student off to college is coverage for their “personal property” .  Personal property includes all their “stuff” – like clothes, books, electronics – including computers.  It is important to check with your agent concerning coverage for these items.  Under most homeowners policies your students “stuff” would be covered while they are away at college.  But many have exclusions, and or limitations depending on different factors. 

One factor deals with whether your student is staying in a dorm, or living in a apartment off campus.  Some carriers will provide coverage under your homeowners policy if the student is staying in a dorm, but if they are living in a apartment off campus, some carriers are NOT covering personal property under the parents homeowners policy.  In that case you would have to get a separate “renters” insurance  policy to cover your students “stuff”. 

There are so many thing to think about as your student is heading back to school that insurance coverage is usually the last thing that comes to your mind.  I encourage you to check with your agent concerning the issues we spoke about above.  And give us some feedback below on how your carrier covers these situations!!

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Who’s going to insure the Easter Bunny?

by Keith Wainauski on April 4, 2010

Being that our main purpose is to answer insurance questions, on this special holiday, an obvious question arises -Who’s going to insure the Easter Bunny??

Because the Bunny works alone – he most likely won’t need workers comprehensive coverage.  But being in the delivery business stirs up many liability issues!!

Then there’s the question of how does a rabbit get all those eggs??  Are they stolen eggs?  Are they being made by under-aged Korean kids in a sweat shop?  Where exactly do all the eggs come from, and what about the candy?  As you can see there are so many questions that surround insuring the Easter Bunny, but the good news is that the bunny has been doing this for years and making many kids & adults very happy.

We at Insurance Answers would like to wish everyone a very Happy Easter.  And though for many in the world Easter is all about candy and the Easter Bunny – we all know the real reason for the season – and his name is Jesus Christ.  Leave us your thoughts below about your favorite memory of Easter.

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Youthful Drivers – 5 Easy Ways to lower your Auto Insurance Costs

March 14, 2010

This post will provide you with practical ideas to save money on your auto insurance costs on young drivers.

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Are we in a “Culture Crisis” or a “Healthcare Crisis”?

January 29, 2010

Recently I received a email from a friend of mine – and of course it was one of those which has been circulated since August 2009 when this letter was sent to the editor of the Clarion Ledger. As I read the letter I don’t know if I completely agree with Dr Jones, but I do agree we have a problem in to fix healthcare in the US, and I hope that we can get this thing figured out!

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Does Property Value have anything to do with Reconstruction Value?

January 24, 2010

Over the past year one of the biggest questions I’ve been asked is ” because property values have leveled off or decreased should I lower my dwelling coverage on my house?” This is a very good question, because if we were thinking logically like Spock on Star Trek, we would think it reasonable to reduce coverage as the value of our property decreased. But the problem here is that the property value has NOTHING to do with what it would cost to reconstruct you home.

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Should you be concerned about Earthquakes?

January 14, 2010

Can a earthquake really affect me? With the many pictures that are pouring out of Haiti of the devastation that occurred from this weeks massive earthquake, I think that all of us ask that question. And honestly I don’t know if anyone can really predict when and where the next big quake will hit. There are 5 danger areas located in the US for potential major earthquakes. If you are living in or near these locations it is very important that you develop a plan.

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Are you having Fun in 2010 – Here’s a great YouTube video on “The Eight Irresistible Principles of Fun”

January 10, 2010

Now that we are into the second week of 2010 are you having any Fun?  Check out this short YouTube video that was shared with me today by a good friend of mine (Thanks Tony) concerning Principles of Having fun  in 2010!! 
Enjoy, and please post your thoughts below concerning these principles and maybe add some new [...]

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Insurance Answers Twitter Weekly Updates for 2010-01-08

January 8, 2010

Save room without sacrificing functionality in an Access form …: Watch how IBM clients Farmers Insurance and .. http://bit.ly/6AiTwk #
@NewFreedomParty thnx for the RT ? in reply to NewFreedomParty #
Tweets I would #FollowFriday in 2010 @MarshaCollier @LavaLilly @FrshPerspective @AntheaClick @insurancetweets @insurancetips2 #
More special #FollowFriday tweets @insurance_123 @Insurancebiz @insurancefeed @insurancego2guy @InsuranceSocial [...]

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Protecting Pipes from Winters Bone Chilling Freeze

January 5, 2010

As we head into the middle of the winter months it’s extremely important that you pay attention to your pipes. The world famous Farmers Almanac® has forecast a very cold winter. With the extreme cold brings the possibility of frozen pipes in homes and businesses. State Farm ® insurance reports that the average cost for water claims is on the rise – that the average cost per claim – approx $15,000 – is up 33% from 2007 to 2008. While most insurance carriers cover damage done by broken pipes, avoidance is always the best option. So what can be done?

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Twitter Updates for 2010-01-03

January 3, 2010

Most Americans fear having to switch insurance under Obamacare … http://bit.ly/5vJtHF #
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Great question ~ Will Homeowners Insurance Pay To Fix A Leaky [...]

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