October 2014

Everything you need to know about Accident Insurance

Accident InsuranceOver the past few years, voluntary benefits have emerged as a way for employers to enhance their overall benefits package in an efficient and cost-effective manner. Most people are familiar with offerings such as dental, vision, life and disability insurance, but accident insurance is now emerging as one of the more popular voluntary benefits in the marketplace, primarily due to the increasing costs of medical expenses and employers’ need to shift more of that cost to the employee.

WHAT IS ACCIDENT INSURANCE?

This product is designed to pay a lump sum benefit directly to the insured for an accidental injury. Accidental injuries include dislocations, fractures, loss of limbs, burns, and disabilities or deaths due to accidents. The lump sum payment can be used to help defray the cost of out-of-pocket medical expenses associated with an accidental injury, such as doctor fees, copayments, deductibles, X-rays, crutches, wheelchairs, blood plasma, stitches and other emergency services. Accident insurance can cover an insured’s spouse and/or children. This offering is supplemental to any medical coverage, meaning that it is separate from any other coverage the insured has. As such, accident insurance can be purchased on its own or to fill a gap left by other coverage. The bi-weekly premium is about $8 for single coverage.Read More »Everything you need to know about Accident Insurance

Top 5 Ways for Homeowners to Prepare for Winter

Top 5 recommendations to homeowners to prepare for winterRoof is the largest single surface and the first line of defense in protecting your home. Insurance carriers tend to see a lot of damage to roofs in those instances where they also have structural claims. Obviously certain portions of the country get very different climate and different winter weather. The northern states will have heavier snow and ice, where the south may get more rain.

Here are top 5 recommendations to homeowners to prepare for winter:

    • Do a visual inspection of your roof to look for maintenance issues or things that could make it more susceptible to hail or wind or other damage — like missing or damaged shingles or tiles on sloped roofs. Or if it’s a flat roof, look for surface bubbles in the membrane material or missing gravel.
    • Look at flashing along the roof to make sure it’s in place and in good condition. The flashing is where you transition between vertical places and the horizontal roof — things like around skylights, vents or chimneys. Anywhere where you have a change in roof elevation, you’ve got flashing there and that’s a typical source or place for water to penetrate into the roof covering.

Read More »Top 5 Ways for Homeowners to Prepare for Winter