Jewelry Protection

Have some new jewelry in the house? Protect it!

Ah, Valentine’s Day is near, and love is in the air. Well, love and a few other things, such as chocolates, romantic dinners, candy hearts that say “Be Mine” - and, of course, jewelry.

 

It’s exciting to receive jewelry from a loved one — or to give it as a gift. Not to mention romantic. But if you’re lucky enough to have some new jewelry in your Wisconsin

home this Valentine’s Day, you should take a few minutes to think about something you probably don’t find exciting or romantic: insurance.

 

Don’t know where to turn? Don’t worry. At Mower Insurance, we think it is exciting to help our customers protect what’s most important to them — so we’re ready to help and can answer all of your questions.

 

Things to consider when insuring jewelry:

 

You may need to purchase additional coverage. Your homeowners policy covers valuable items such as jewelry only up to set amounts. If the cost of replacing your jewelry exceeds that limit, you will want to purchase scheduled personal property coverage. You can check your policy or give us a call at 715-723-5525.

You might want to reconsider your deductible amounts. As always, this impacts your policy premium. It’s a good idea to take a look at your deductibles whenever you make a change to your policy.

Do you need an appraisal? You may need to have an independent appraisal if the insurance company requires it or if you don’t know the value of your jewelry. Each item should be listed with a description and value on paper.

What kind of coverage is offered? You’ll want to determine if items are covered no matter where they are, whether they’re in Chippewa Falls, Eau Claire, Minneapolis, or on an international trip, and if the policy offers full replacement cost. You also should ask if you will be required to replace your jewelry if lost or stolen, or if you can simply keep the cash settlement.

Pictures can be helpful. Lost or stolen pieces of jewelry sometimes can be recreated if the jeweler has a good photograph to work from.

Should I go with a company that specializes in jewelry insurance? There are companies that specialize in jewelry insurance. Whether you choose one of these, or a company that we represent, you’ll want to make sure they are reputable and stable.

Is the value of your jewelry mainly sentimental? Is an item irreplaceable? If the answer to either of these questions is “yes,” you might consider foregoing insurance. But please, talk to us at 715-723-5525 before making that decision. That’s what we’re here for.

 

Of course, it’s important to store your jewelry securely when it’s not in use; a safe in your home or a safe-deposit box is best. We want your jewelry to be replaced if it’s lost or stolen, but we’d rather your sentimental and valuable pieces stay with you and your family for years to come.

 

Here’s hoping your Valentine’s Day is full of fun and romance. And if there’s no jewelry involved, well, there’s always next year!

 

Contact Us!

For further questions and assistance, please contact Mower Insurance at 715-723-5525 or tsperry@mowerins.com

Identity Theft

Your Identity Belongs to You.
Protect It!

A 2009 survey shows that identity theft is on the rise – and it’s more likely to start with a stolen wallet than an online phishing expedition.

 

Researchers at Javelin Strategy & Research reported that the number of identity theft cases increased 22 percent to 9.9 million in 2008.

 

Crimes of opportunity, such as stolen wallets, represented 43 percent of cases, compared to 33 percent in 2007, indicating an increase in the desperation of criminals.

Women were 26 percent more likely to be victims of identity theft, reporting a higher incidence of lost or stolen information during purchases in stores.

Only 11 percent of cases involved online access.

 

The smartest way to protect yourself from identity theft is to prevent it from happening to you. However, if your identity is stolen, you’ll be able to lessen problems by acting quickly.

 

•          Call your credit card companies immediately. Explain what happened, and ask where to send a copy of the police report.

•          Call and report to the police. Make several copies of police report.

•          Complete a Federal Trade Commission (FTC) Theft Affidavit and FTC report (call 1-887-ID-THEFT to request the forms).

•          Call your bank. They can place an alert on your Driver's License number and Social Security Number, and freeze your account.

•          Call fraud units of credit report agencies: Experian, Equifax, and Transunion.

 

Fortunately, identity theft protection is available as an endorsement on most homeowners’ policies at a small cost. For example, Safeco offers Identity Theft Protection for $12 a year to homeowner policy holders. The coverage reimburses certain expenses associated with identity recovery. Customers can also get guidance on how to protect themselves from ID theft before it happens and may receive assistance with identity restoration.

 

If you’re interested in learning more, call Mower Insurance at 715-723-5525 or e-mail tsperry@mowerins.com  

Spring is coming

Spring is coming to Chippewa County! (Depending on that groundhog)

With Groundhog Day just around the corner, it’s time to start thinking about spring. (Or time to at least hope that springtime is coming, anyway.) And whether Punxsutawney Phil or the local groundhog in Chippewa sees his shadow or not, we here at Mower Insurance have you covered.

 

Get ready for spring

 

Although everyone thinks of cleaning when it comes to spring, there are a number of things you should do to make sure your home is ready when the weather in the Midwest changes. Below is a selection of maintenance tasks from the National Center for Healthy Housing (you can see the full list at http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_12334.pdf).

 

Check to make sure your roof’s shingles are in good condition, and check your attic for any possible roof leaks that should be repaired.

Look for peeling paint and repair/touch up as needed.

Check for signs of leaks at window and door sills and use caulking or weather stripping to seal.

Clean your dryer vent and make sure exhaust ducts are clear.

Make sure there are no puddles or wet spots in your basement or crawlspace.

Look for signs of rodents, roaches, termites, etc. Call an exterminator if you suspect an infestation.

Clean your gutters and downspouts.

Clean air conditioner coils and drain pans.

Check/replace the batteries your home’s smoke and carbon monoxide alarms.

Replace filters in your air conditioner and dehumidifier.

Store winter heaters, ensuring that liquid-fuel heaters are completely emptied. These should be stored outside, if possible.

 

What? Six more weeks of winter?

 

Well, you can take solace in the fact that spring will be here eventually. In the meantime, here are some quick tips from Johns Hopkins University to avoid the “winter blues” and get through those long weeks of waiting.

 

Keep active. Exercise releases endorphins that will elevate your mood.

Eat well. High-sugar foods and large amounts of caffeine can feed depression and actually decrease your energy level. Foods such as whole grains, fresh fruits and vegetables, seafood and lean meats can help your immune system.

Go to the light. Bring as much light into your life as possible, by spending time outdoors, opening your shades so your home receives more natural light, or even get help from a “light box.”

Get your rest. Go to bed around the same time every night and wake up at the same time each morning. You’ll have more energy during the day.

 

Of course, if you have strong feelings of depression, please seek assistance from friends, family or a trusted health-care provider. There are people ready to help, whatever the season.

 

 

SIDEBAR: Time for an insurance review?

 

If an annual insurance review wasn’t included in your New Year’s resolutions, why not get it done while you’re in the cleaning and organizing mood this spring? Your life changes over the course of a year — sometimes in monumental ways. That means your insurance needs can change, too.

 

At Mower Insurance, we can work with you to make sure you’ve got the coverage you need, while at the same time utilizing all possible credits and discounts to make that coverage affordable. Just give us a call at 715-723-5525. We want to help you meet your goals, and make sure what’s important to you is protected!

Insurance to Value

Do You Have Enough Coverage to
Rebuild Your Home?

 

Imagine how devastating it would be to lose your home in a fire. Now imagine not being able to rebuild it completely because you didn’t have the correct amount of insurance.

 

Selecting the proper amount of coverage is the single most important decision you can make with your Homeowners policy. Without it, you may not have enough coverage to rebuild after a total loss. This is called “insurance to value.” Below are some explanations and tips to help you make the right choices for your needs — and remember, if you need help, we’re just a phone call away!

 

What is insurance to value?

Insurance to value is the relationship between the amount of coverage selected (typically listed as “Coverage A” or “Dwelling Coverage” on your policy declarations page) and the amount required to rebuild your home.  Insuring your home for anything less than 100% insurance to value could mean you wouldn’t have enough coverage to replace your home in the event of a total loss

 

Why is the cost to rebuild different from the market value?

A home’s market value reflects current economic conditions, taxes, school districts, the value of the land and location, and other factors unrelated to construction cost.  The cost to rebuild your home is based only on the cost of materials and labor in your area.  It is important that you insure your home based on its reconstruction cost, NOT its current market value

 

Why is reconstruction more expensive than new construction?

New-home builders typically build many homes at once, and solicit bids from various sub-contractors to receive the best pricing. Their business model is based on economies of scale. For example, they may purchase 20 bathtubs at once, securing a lower unit cost. These economies of scale don’t exist when building a single home.

 

How can I make sure I have the correct amount of insurance?

Work with your agent to provide detailed information at time of purchase to be sure that you receive a thorough and accurate quote.

Ask us about additional coverage options that may be available.

Review your insurance to value calculation on a regular basis with your agent.

Tell your agent about any changes or improvements that you make to your home.

IT’S NEVER BEEN EASIER: CHOOSE A SAFE

Selecting a safer new vehicle is a lot easier than it used to be. Most new cars, minivans, pickup trucks and SUVs earn high marks in front and side crash tests conducted by the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA). Some models still need improvement when it comes to protecting people in rollovers and rear crashes. So how is a safety-conscious buyer to choose?

According to the IIHS and NHTSA, whether you are in the market for a new or used vehicle, here are some important things to consider:

• Vehicle size and weight matter

Smaller, lighter vehicles generally offer less protection than larger, heavier ones. There is less structure to absorb crash energy, so deaths and injuries are more likely. People in lighter vehicles also experience higher crash forces when struck by heavier vehicles. If safety is a major consideration, pass up very small, light vehicles.

• A crashworthy design reduces death and injury risk

Structure and restraints help determine crashworthiness. Good structure means a strong occupant compartment, crumple zones to absorb the force of a serious crash, side structure to manage the force of a striking vehicle or struck object and a strong roof that won’t collapse in a rollover. Safety belts keep people in their seats and spread crash forces across the upper body’s stronger bony parts. Airbags protect people from hitting things inside the vehicle or objects outside it.

To get safety ratings on a variety of makes and models, please go to iihs.org/ratings.

The Insurance Institute for Highway Safety (IIHS) is an independent, nonprofit scientific and educational organization dedicated to reducing the losses — deaths, injuries and property damage — from crashes on the nation’s roads.

Winter Storms

Winter Storms Ahead:
Are You Ready?

 

We admit it: As insurance pros, our picture of winter isn’t exactly cozy. Winter storms mean traffic snarls, hillsides turning to sheets of ice, and cars sliding around like hockey pucks. Cold temperatures can cause pipes to burst, frost swells and other damage. Heating your home with fireplaces and holiday lighting can increase the risk of fire.

 

A picture-perfect winter requires a few precautions

Here are a few of our top tips to help reduce weather-related hassles this winter.

 

Winter-proof your car with good snow tires or chains, new wiper blades, antifreeze, and emergency road supplies.

 

Keep your attic cool to help prevent ice dams. Insulate the attic floor and make sure it is well-ventilated.

 

Do not overload circuits with holiday decorations.

 

When winter storms hit, be smart

If you do not have to drive, stay put. If you must drive, make sure you’ve winterized your car and have a full tank of gas.

 

When the air is cold, keep bath and kitchen cabinet doors open so warm air can circulate around pipes. If pipes do freeze, let them thaw normally—they’ll be less likely to burst.

 

And if the power is out, make sure you avoid leaving candles or fires burning unattended. If you use a portable generator, follow the instructions and do not use it indoors.

 

Know what your insurance covers

We want to help you rest easy.  You will be more relaxed when you know you have prepared your property to lessen the chance of winter storm damage. Your insurance policy covers repair or rebuilding costs. However, your deductible does apply. Check your policy to see what is covered and to confirm the deductible you have chosen.

 

If you have any questions at all about your coverage, call Mower Insurance at 715-723-5525 and we will help you review your options.

BOOST YOUR CREDIT SCORE AND LOWER YOUR CAR

Credit scores are an important measure of your financial health. It should be no surprise, then, that they are used to determine risk in everything from obtaining a mortgage to buying auto insurance.

In fact, improving your credit score is one of the best things you can do to lower your car insurance rate. Following are some ways to improve your credit scores:

Tread Carefully
Some credit cards routinely scan the items you buy and where you shop as part of their risk algorithms, with special attention to items that indicate future problems.

For example, you might want to think twice before buying retread tires, because it's likely to cost more in the long run and your credit card rates might go up and take those insurance fees with

them.
Due Dates
Ever wonder what the number one cause of high credit card fees and car insurance increases have in common? Late fees. Watch out for those due dates. Better yet, sign up for automatic payments to keep rates low and credit scores high.
Check Your Score
Verify the accuracy of information in your credit report at least once per year. Visit www.annualcreditreport.com, or call 877.322.8228. These are the only authorized sources under federal law.