Courtesy of iii.org My five-year-old nephew, Ben, is a great source of pride to his electrician father, Dan. Last Halloween, Ben refused to trick-or-treat at a particular house because he noticed that the decorations there were a fire hazard. Halloween is supposed to be fun, but it has always involved risks and potential liabilities. The video below outlines some of the “traditional” hazards and ways to mitigate them, from eliminating trip-and-fall dangers to preventing fire and pet-related perils. And while much of the focus of Halloween-risk mitigation is on the home, Donald R. Grady, a Boston personal injury attorney, says the biggest dangers actually involve cars. “You see an uptick in automobile accidents,” Grady says. “Especially with teenagers, who don’t have adults with them and who rush from house to house.” The curse of 2020 2020 has aged us all…. Perhaps predictably by now, 2020 has brought the spooky holiday threats of its own. COVID-19 has introduced new …
Renting Your Home through Airbnb & Your Insurance
Courtesy of iii.org Before you consider renting out your home, your guest room—or even your couch—first contact your insurance professional so you fully understand the financial risks and can take the proper precautions. Here's some general information to jumpstart your insurance conversation. If you are considering renting out your home, your guest room or even your couch your first step should be to contact your insurance professional. Peer-to-peer home sharing opportunities such as Airbnb can be a great way to bring in extra money and are increasingly popular; however, they can also leave you financially vulnerable. If your renter starts a fire and damages your property or is hurt while renting your home, will you be protected? Peer-to-peer home rental Peer-to-peer home sharing opportunities such as Airbnb are increasingly popular and can be a great way to bring in extra money. However, they can also leave you financially vulnerable. If your renter starts a fire and …
Do You Have Enough Car Insurance?
Courtesy of iii.org The western U.S. wildfires and this year’s active hurricane season have highlighted for vehicle owners the importance of having optional comprehensive auto insurance coverage, according to the Insurance Information Institute (Triple-I). “Comprehensive provides coverage for fire and flood-damaged vehicles. Yet it only accounts for about 16 cents of every dollar a driver pays for auto insurance,” said Scott Holeman, Director, Media Relations, Triple-I. “Consumers need to be cost-conscious when shopping for any insurance product, but comprehensive coverage just makes financial sense, especially if you live in an area where either wildfires or floods are a threat.” Every U.S. state except New Hampshire requires its drivers to purchase liability insurance to drive legally. Comprehensive and collision coverage are optional coverages nationwide. Nearly four out of five drivers opted to purchase comprehensive (78 percent) and collision (74 percent) coverage in …