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The Votes Are In!
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EXTRA EXTRA!
Info for You
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to stay 'in the know' with timely updates on topical insurance info, helpful tips and discounts -- join the conversation!
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February Events & Observances
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GLOSSARY of
INSURANCE TERMS
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CONTACT US:
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D.F. Dwyer Insurance
38 Bellevue Avenue
Newport, RI 02840
and
2623 East Main Road
Portsmouth, RI 02871
phone: 401.846.9629
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Issue: # 59
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February 2015
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Specialty Insurance... Who Needs It?
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Insure Your Family's Treasures
It may not be a pirate's bounty, but we all have precious items including family heirlooms, antiques, artwork, musical instruments, collectibles and/or high-tech electronics that we wouldn't want pay to replace in the unfortunate event of a loss. If you have not already, it is a good idea to conduct a Home Inventory of these items and take stock. That way, IF you experience a loss due to fire or theft you will have all of the information needed to make a claim.
Once you document your inventory, it is important to cross check the replacement value of your possessions with the liability limits of your homeowner's insurance policy.
A standard homeowners policy includes coverage for jewelry and other precious items such as watches and furs. These items are covered for losses caused by all the perils included in your policy such as fire, windstorm, theft and vandalism. However, there are special limits of liability for certain items, meaning that the insurer will not pay more than the amount specified in the policy. One important limit is for the theft of jewelry. To keep coverage affordable because jewelry can be easily stolen, the standard policy has a relatively low limit of liability for theft, generally only $1,500.
If you own valuable jewelry or other items that would be difficult to replace, there are two ways you can increase coverage: by raising the limit of liability or "scheduling" your individual pieces through the purchase of "floater" policies. Raising the limit of liability may be your least expensive option; however, there may be a limit on the amount you can claim for the loss of any individual piece, say $2,000, when the overall limit is $5,000. Scheduling each piece or item may cost more in premiums, but it offers broader protection because the floater covers losses of any type, including accidental losses-- such as dropping your ring down the drain of the kitchen sink or leaving an expensive watch in a hotel room-- that your homeowners insurance policy will not cover. Before purchasing a floater, the items covered must be professionally appraised. Call us at 401-846-9629 to schedule your free policy review.
Read & download the full article here
Some content, International Risk Management Institute, Inc. * * * * *
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Taking A Winter Vacation?
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 If you're traveling this month, insurance coverage can help to keep you happy! A travel insurance policy provides coverage for you and your trip, saving you money and hassle. Get quotes on affordable travel insurance plans through D.F. Dwyer.
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Better Get An Umbrella
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It Just Might Rain
 The sun was shining this morning, but now the sky is overcast and you hear a distant rumble of thunder... aren't you glad that you listened to the weather forecast and grabbed your umbrella on the way out the door? Remember the time you didn't? We've all been there...
It's same with adding Umbrella Liability to your Insurance Coverage... when the time comes that you need it you'll be very glad to have it!
If you are ever sued, your standard homeowners or auto policy will provide you with some liability coverage, paying for judgments against you and your attorney's fees, up to a limit set in the policy. However, in our litigious society, you may want to have an extra layer of liability protection. That's what a personal umbrella liability policy provides.
An umbrella policy kicks in when you reach the limit on the underlying liability coverage in a homeowners, renters, condo or auto policy. It will also cover you for things such as libel and slander.
For about $150 to $300 per year you can buy a $1 million personal umbrella liability policy. The next million will cost about $75, and $50 for every million after that.
Because the personal umbrella policy goes into effect after the underlying coverage is exhausted, there are certain limits that usually must be met in order to purchase this coverage. Most insurers will want you to have about $250,000 of liability insurance on your auto policy and $300,000 of liability insurance on your homeowners policy before selling you an umbrella liability policy for $1 million of additional coverage.
Call us at 401-846-9629 for a FREE POLICY REVIEW.
We're always here to help!
Some Content: International Risk Management Institute, Inc. * * * * *
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Nationwide Agribuisness Insurance
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D.F. Dwyer Agency, a Nationwide Agribusiness Insurance partner would like to be a valued resource for your local farm-based business. Give us a call at 401-846-9629 for a complimentary policy review, then subscribe to our new Farm E-Newsletter with specific features and information to help you protect your locally grown business.
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Farmer's Almanac Forecast: February 2015
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Temperature 33° (1° below avg.); precipitation 2.5" (0.5" below avg.); Feb 1-4: Sunny, then rainy, mild; Feb 5-8: Sunny, then snowstorm; Feb 9-14: Rain to snow, then sunny, seasonable; Feb 15-22: A few rain and snow showers, turning cold; Feb 23-28: Snow north, rain south; then sunny, cold.
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Skywatch: Febuary 2015
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 The full "Snow Moon" will be directly opposite the Earth and fully illuminated on 2/3. On 2/6, Jupiter will be at its closest approach to Earth; this is the best time to view and photograph the giant planet and its moons. With a good pair of binoculars you should be able to see Jupiter's four largest moons appearing as bright dots on either side of the planet. The rare conjunction of Venus and Mars will occur on 2/22. Look to the west just after sunset, the two planets will be bright and appear extremely close together in the night sky.
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