Protect your hair and your family with an Umbrella!

On this rainy day (or week, as the weatherman tells me), my umbrella is essential. Whether you are trekking across campus hauling your textbooks or running errands with your kids, umbrellas will shield you from the worst that the weather has to offer. However, when we start talking about an umbrella insurance policy, we aren’t talking about preserving your hairstyle from the rain and wind. Let’s set up the scenario for you. You have a house and car, and maybe even a boat (we can dream, right?). These big purchases require homeowners, auto, and boat liability insurance. This insurance is there to protect your assets in the event that you are found liable.

However, there may come a time when your liability coverage will not be sufficient.  At times like this, you could be desperately searching for that money tree in the backyard to spot you the difference. Has your tree withered up and died long since? Yeah, mine too. Never fear- this is when umbrella insurance kicks in. The umbrella policy provides additional liability coverage in the event that your liability coverage on your home, auto, or boat policy has been exhausted, and is designed to work as protection so you don’t have to pay the difference out of pocket.

Just to make sure we’re clear, let’s set up a scenario. Let’s say that one


day you and another car are involved in a traffic accident while driving on a wet road in Franklin. Your Bodily Injury liability limit on your auto insurance is $500,000, but someone in the other car required extensive medical procedures. The total costs that they acquire are $750,000. Your umbrella insurance would cover the remaining $250,000 that your regular auto liability insurance would not cover. An umbrella policy, much like my yellow umbrella, provides you with an extra layer of protection for yourself and your family…and let’s be honest, who can say no to that? So whether it’s one that protects your freshly-styled hair from inclement weather or one that protects your assets in the event of an accident, never leave your umbrella at home.

By: Dominique Postma
FSI Intern


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Covering Your Roof: ACV and RC

Hello again!

I hope you all had a wonderful Valentine’s Day full of quality time spent with your loved ones and good eats (single or in a relationship, who doesn’t love an excuse to eat unlimited amounts of chocolate?)

One of our commitments to you is to be entertaining because of course we would NEVER expect you to read a boring blog – mostly because we wouldn’t want to either! Our even more important commitment to you is to be informative. We want to give you the facts and be here to answer your questions and serve your needs, whatever that may entail.

Something we want to keep you informed of is a change that several insurance providers are making, and it is something that we want you to be aware of in the months to come. Various insurance companies have begun to either switch or include actual cash value (ACV) policies in their roofing coverage terms. In the past, insurers would offer replacement cost policies when dealing with roofs and any accident that may befall them.

Basically the difference is this: a replacement cost policy would pay to fix or replace the roof without considering any depreciation, or wear and tear, that the roof may have already sustained previous to the hailstorm or falling tree or whatever incident may have occurred. An ACV policy will pay for the cost of the repairs or replacement minus any wear and tear that the roof already had.

Let’s put this into a scenario for you. Say your roof is eleven plus years old, and this spring a particularly bad storm rips through Franklin and drops quite a bit of hail on your house. A replacement cost policy would pay for the entire replacement of your roof, a hypothetical $10,000, without considering its age. An ACV policy would provide the coverage after deducting the value of the wear and tear of the roof, which we will say amounts to about $4,000. Your ACV policy would therefore provide you with the remaining $6,000 with which to replace or repair the roof.

These tongue-twister words and figures being tossed around can often be very confusing, especially for us, so we hope we have helped shed a little light on a hazy situation. Our number one goal is to be available to you, and we always want you to feel comfortable asking us questions or for more  information. Stay tuned for more entertaining and informative blog posts!

By: Dominique Postma
FSI Intern


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Happy Valentines Day!

Whether it be flowers, chocolates, or jewelry, every woman wants to be treated to something special for Valentine’s Day. Maybe your special lady would like to be treated to a candlelit dinner at a local restaurant. Or maybe you’d like to send her a bouquet of a dozen red roses – always a classic! If you’re really wanting to earn points this year, check out Walton’s Antique Jewelry in Downtown Franklin. ( . The beautiful buy cheap viagra online estate pieces from Walton’s have been great hits for some of our staff on  Valentines Day in the past.

What you definitely don’t want to leave her without is something that many will be dealing with as tornado season rapidly approaches: inadequate property insurance. As much as we hope that we will always come through every storm completely unscathed, that is not always the case. Preparation and proper coverage is the key to preparing for severe weather situations that may go awry.

We are here to help you and answer any questions or needs you may have regarding any insurance or claims related situations. No one wants to spend Valentine’s Day (or any day, really) in the doghouse, so we find that it is usually best to be safe rather than sorry. Keep a lookout for our next blog, which will be covering an issue that many people are finding themselves dealing with in the months to come.

Happy Valentine’s Day! And remember fella’s…if you forget to mark the day with something special, rest assured, your lady will never forget. Be prepared – and have the florist on speed dial!

By: Dominique Postma
FSI Intern


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Employers Should Continue to Offer Coverage Under ‘Play or Pay' Provisions, Attorney Says

By Kristen Ricaurte Knebel

Employers wondering whether they should “play or pay” when it comes to the Affordable Care Act’s shared responsibility provisions should choose to play, an attorney said Feb. 7 during an event hosted by Alston & Bird.

“Employees value health insurance, and that you provide that health insurance. If you didn’t, you would have to pay them more, and the cost of paying them more is greater than the cost of providing that insurance,” said David R. Godofsky, a partner with Alston & Bird in Washington.

The Treasury Department and the Internal Revenue Service released a notice of proposed rulemaking (REG-138006-12) on employer-provided health care coverage under the Affordable Care Act’s employer shared responsibility provisions Dec. 28, 2012. The shared responsibility provisions also are often referred to as “play or pay,” or employer penalty rules.

Starting in 2014, tax code Section 4980H, added by ACA, will require employers with at least 50 full-time and/or full-time equivalent employees (FTEs) to offer affordable health care coverage that provides a minimum level of coverage or pay a penalty.

Coverage Is Valued

Employers currently face no penalty for failure to offer health insurance to employees, Godofsky said. Employers offer health insurance because they know that employees value it as a benefit.

Employees value employer-provided coverage for a number of reasons, chief among them being that it is cheaper than purchasing coverage on their own. Employer-provided coverage allows employees to pay less for group insurance and not pay income and Federal Insurance Contributions Act taxes on the money that goes toward health coverage, he said.

Godofsky said while many have suggested that employers will gravitate toward the idea of dropping coverage because they cialis online assume paying the penalty may be cheaper than offering coverage, that is not the case.

When employers crunch the numbers on whether to offer health coverage to employees or pay the penalty, “it doesn’t matter what assumptions” employers use, he said. Employers will end up offering health coverage to employees because it will ultimately cost less, Godofsky said.

“You might end up increasing the employee premium, you might end up having fewer employees covered, but if you do the analysis, you’re not going to end up” discontinuing coverage, he said.

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