Custom features can add to rebuilding costs.
“I could never sell my house for that!” How many times have we heard this said or even said it ourselves? It’s easy to experience sticker shock when we see the value our insurance company wants to place on our home.
Calculating replacement cost ̶ or more accurately, reconstruction cost ̶ is often a complicated process, and results can deviate widely from market price. It’s not unusual for rebuilding costs to be significantly higher than the cost of new construction.
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. While the cost of materials plays a significant role in determining the valuation, many other factors need to be considered but often are overlooked. Read More
Life insurance can be an appropriate and thoughtful gift for a child.
When you think about all the things you want to purchase for your grandchild, life insurance would likely be near the bottom of the list. While it may not be the most exotic purchase, by the end of this blog I hope life insurance would be up for consideration. Life Insurance for a child or grandchild offers three important advantages: it’s inexpensive; it provides protection for the unexpected; and certain types of life insurance could help protect your child’s or grandchild’s insurability.
Bikes and cars can share the road safely.
My favorite bike trail parallels a city street for about a mile. Every time I ride that stretch, I am reminded of the perils bicyclists face every day. On the trail, my biggest hazard is toddlers with training wheels; but out in the street are speeding, inattentive or even distracted drivers.
Safe cycling depends on all parties understanding their responsibilities and following the rules of the road. Motorists must be attentive to cyclists, yield when required and take care when turning across bike lanes. Cyclists also must ride with the traffic, make themselves visible and signal turns.
Consider your college student’s personal and auto insurance needs.
As the summer winds down, millions of college students will be heading back to dorms or apartments all across the country. If your child is among them, you probably have made sure that your student has the necessary bedding, shelving, futons and electronics for a successful year.
But have you considered whether these items will be covered if lost or stolen?