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Maintain privacy through records disposal

By Cincinnati Insurance

Maintain privacy through records disposal

Identity theft is a major problem that is growing each year. Criminals want to use your name, date of birth, Social Security number and other personal or account information to steal your identity. You can minimize the chances of being an identity theft victim by using safe and secure methods to dispose of important, confidential or sensitive paper or electronic media storage devices, such as computers, CDs and flash drives. …read more

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Lightning – or power surge? I’m not worried; I’m covered

By Cincinnati Insurance

Lightning - or power surge? I'm not worried; I'm covered

In the old days – I am 54 and have been in the insurance business since 1987 – a lightning claim investigation was a pretty simple process. I would simply review whatever resources were available and determine if a thunderstorm had passed through the area on the day the loss occurred. If a storm could be verified, the loss claim was validated. …read more

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Lights out: Preparing for extended power outages

By Cincinnati Insurance

Lights out: Preparing for extended power outages

Most of us can, reluctantly, endure the occasional brief power outage from a summer thunderstorm. But an extended power outage can be a challenge to our dependence on modern appliances and electronic devices, and disaster plans should take power loss into account. Lengthy power outages can result from many sources, and your disaster plans may change with the seasons: …read more

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When planning a spring event, prepare for the unexpected

By Cincinnati Insurance

When planning a spring event, prepare for the unexpected

Organizing any event ̶ whether a festival for thousands or a garden walk for a hundred ̶ takes many hours of planning and preparation. However, unexpected situations can arise with even the most meticulously planned events. To help ease the worries of injury, property damage or other unforeseen exposures, speak to your local independent insurance agent about whether you have adequate insurance coverage for your event, large or small. …read more

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Time for some life insurance spring cleaning

By Cincinnati Insurance

spring-cleaning

With the arrival of spring comes the urge to clear out clutter, clean the windows and dust off the cobwebs of every corner of your home. This would also be a great opportunity to dust off your life insurance policies to make sure you have adequate coverage at the most competitive rates. Life’s changes happen quickly: …read more

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‘Small’ equipment loss can be a big thing

By Cincinnati Insurance

man-buying-flowers

When you hear machinery and equipment discussed as an available insurance coverage, you may envision huge mechanical or electrical apparatus associated with large-scale operations or massive production floors. You may conclude that your family-run flower shop or small- to medium-sized business doesn’t need this type of coverage. Remember that insurance is about protecting your business from loss, and loss must be considered in the context of your individual situation. …read more

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Looking for a ‘real job’ and finding a place to grow

By Cincinnati Insurance

Looking for a ‘real job' and finding a place to grow

The insurance industry is growing and has a high need for talented professionals with a variety of training and skills. Recruiters are asking job seekers “where do you fit in?” In this series, Cincinnati Insurance associates describe their own career journeys. …read more

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Remodeling? Keep rebuilding cost in mind

By Cincinnati Insurance

home-remodeling

Make sure the insured value of your home
keeps up with your home remodeling plans.

While stuck indoors this winter, did you look around and plan any home projects? Whether you do it yourself or hire a contractor, remember to update your homeowner insurance as you increase your home’s value.

The Coverage A limit on your homeowner policy is the amount of insurance you have to reconstruct your home in the event of a total loss. All costs associated with replacing or rebuilding your home are considered when developing this Coverage A limit. When you make changes that increase the value of your home, you may also need to increase the coverage limit.

Reconstruction cost is the cost to hire a contractor to replace the home as it is, in today’s marketplace, using materials and design of similar quality. Determining the reconstruction cost of your home can be a challenging and complex process. In most situations, reconstruction cost does not reflect the market value, tax assessor value or the initial construction cost of the home – even on a new home.

Construction industry statistics indicated that there was a downturn in home improvement expenditures after the recent economic recession. But now, things are starting to turn around.

Bill Shaw, GMR, GMB, CGP, a remodeler from Houston and chairman of the National Association of Home Builders Remodelers, recently commented that 2013 ended on a high note for remodelers. (See: “Remodeling Market Index Steady at Historical High.”) “We expect to keep this positive momentum going in 2014 as more homeowners will continue to take on remodels and repairs that had been postponed in the downturn.”

As you plan your next project, take an inventory of your home’s new features. Consider interior changes as well as exterior. Does the addition on your home have a different roof material than the rest of your home? Does the new deck you built include a kitchen, built-in grill or electric fireplace? Is your contractor making time this winter to install built-in bookshelves and TV cabinets? Are you finishing your attic area to create an extra bedroom? Did you upgrade your windows?

You may put lots of time into picking out countertops and appliances for your new basement kitchen, type of wood for cabinetry, color of brick to match the original portion of your home, quality of decking materials and other factors. Remember to share these important …read more

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