JJ Ruddy Insurance Agency, Inc.
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 Office Locations:

 

153 Main Street

Suite 1A

Medford, MA 02155

 

63 Shore Road

Suite 31

Winchester, MA 01890

 

1-866-JJRUDDY

 

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The Insurance Edge

 

Give the Gift of Life

 

Each one of us knows someone that has been or will be affected by organ and tissue donation.  Organ donors save lives.  During the month of April we celebrate these heroes as part of the National Donate Life month.

 

Last year alone, organ donors saved 28,000 people.

Those are the lucky ones.  Countless others wait patiently for a donor.  As each day goes by 12 people are added to the transplant wait list.  Today that list is over 110,000 people.

Some are not as lucky.  Every day 8 people die waiting for transplant.  That is where we can all help save a life.

 

There are two ways you can become an organ donor.  Each time you renew your license you can check the box to become and organ donor.  If your license doesn't renew for a while and you would like to get on the list sooner, visit http://www.donatelifenewengland.org.  There you'll be able to enroll in the program and find a ton of information on the organ donor program.

  

The day may come when you or a loved one is on that list.  Do your part and sign up today.  Thank you for your support.

 

 

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Regards,

 

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Edward P. Hackett, CIC CRM

Vice-President

 

 

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Flood Regulations Rolled Back

 

President Obama recently signed a bill to roll back some of the provisions of the Biggert-Waters Act that resulted in drastic increases in flood insurance premiums.

 

The bill is aimed at capping the annual increases in premium and takes another look at the proposed rate structures and map revisions that were part of Biggert-Waters.

 

Once we have the details of how these changes will be implemented we will pass it along.   

 

vacantNot home...

Your Coverage May Not be Either

 

A growing trend in homeowners losses is the number of claims that occur when the home is vacant or unoccupied.  That also means an increasing amount of claim denials.

 

Vacancy vs. Unoccupied - what's the difference?  Vacancy is completely empty.  Unoccupied means there is furnishings in the home, but no one is living there.  The homeowner has no "intent to return".

 

What happens?  Coverages like vandalism, fire, lightning, freezing of pipes and glass breakage start to fall off the policy after 30 or 60 days.

 

Consider a loss under each scenario....

 

The homeowner passes away and the children are preparing to sell the home.  The home is vacant for 90 days.  A pipe bursts on the second floor and runs for two weeks causing over $100,000 in damage.  The vacancy provision would kick in and the loss would be denied.

 

An elderly homeowner moves to a nursing home leaving the home unoccupied for 120 days.  An electrical fire in the basement causes the home to burn to the ground.  Since the homeowner was living outside of the home with "no intention to return", the claim would be denied.  

 

If un-occupancy or vacancy is an issue with your home or a relatives' home, please give us a call so we can review the options available to you with a vacant dwelling policy.

 


The Insurance Edge is designed for your benefit.  Your feedback is appreciated.  Email your thoughts to [email protected].