Today when you receive your homeowner policy in the mail it comes as a thick packet usually about 40-50 pages in depth. Each year the policy renews, you get a similar package delivered to you. On and on this goes until you sell your current house and then get another. Once again, however, as you setup your homeowner policy on the new house you get yet another 40-50 page packet. I mention this because it was not always this way. Like every other industry, things used to be simpler. The photo that is with this article is of a fire policy dating back to 1833 that hangs in our office. During the time of this policy there was only one page to the insurance packet. It held the logo of the insurance company on the top and then the rest of it was the contract language. When you sold your home you did not go out and purchase another policy. Instead you would go get the insurance policy from the prior homeowner and have it signed over to you. If you look closely at the photo you will see where there is writing all around the document which shows the different transfers of ownership. Ah, the simpler times.
About a year ago I received a call from my neighbor. He sounded as if something was wrong; “Where are you” he asked? I informed him that I was away from home at the moment but was there something I could help him with. “Yeah, you can come get your huge tree limb off my SUV!” I immediately turned around and headed home. Once I got there I saw what is pictured here in this blog post. Because of heavy winds my huge front yard tree had dropped a limb and totally smashed the top of my neighbor’s vehicle. He and I spent the whole next day cutting away at the tree limb so that we could eventually tow his car to a body shop.
Now my neighbor lives next door to an insurance man so he was already well versed in whose insurance takes care of the damages to his SUV but for those of you that are not as privileged to live next to an insurance man I thought I would explain. Even though it was my tree that caused the damage my homeowner policy would not be involved in paying for the damages. In order for me to be responsible I would have to be negligent in some way but since it was an “act of God” (wind) negligence could not be pointed at me. Therefore, the coverage for the damage to his vehicle would fall under his personal auto policy. More specifically it would be his comprehensive or “other than collision” coverage. Since this coverage usually has a deductible (the amount the policy holder has to pay out of pocket before the insurance company takes care of the rest) I offered to help pay the amount he would have to pay out of pocket. I was not required to do this but since I like my neighbor and it was my tree, I felt it was the right thing to do.
There is, however, one situation that could have made the tree limb fall my fault. If for some reason my neighbor felt that my tree was unhealthy and dangerous he could compose a letter and “send receipt” a letter to me (meaning upon delivery I would have to sign a document stating I had received the letter). In the letter he would have to state that he felt my tree was in danger of falling and causing damage to his property. If that had been the case and my neighbor had sent me the letter he could have had grounds that I was negligent. This in turn would cause my homeowner policy to pay out for his damages and not his personal auto policy.
By the way, my tree is very healthy so there is no need for my neighbor to write a letter.
The hacker in this 2009 breach only posted the member’s passwords to the Internet, and was more interested in exposing the company’s lax security. If complete usernames, email addresses and passwords were revealed, the ultimate damage could have been devastating. The reason: many people use the same username and password for all online dealings, including banking. Imperva reported the five most common passwords were: 1234, 12345, 123456789, password and iloveyou.
It seems that little has changed over the last 20 years. A review of the 1990 study of Unix password selections found remarkable similarities to the passwords revealed by this recent security breach. The study revealed about 50 percent of the users had the same username and passwords for access to multiple Web sites. Just 10 years ago, hacked Hotmail passwords showed the same passwords selection tendencies in their users.
The short, simple passwords make users susceptible to very basic password attacks. As hackers continue to rapidly adopt smarter password cracking software, consumers and companies will be at greater risk.
Imperva recommends passwords contain at least eight characters and a mix of four different types of characters (upper case, lower case, numbers and symbols). It should not be a name, word or contain any part of an email address.
If you have any questions about including identity theft protection in your insurance policy, feel free to get in touch with us.
The temptations and dangers to today’s children are unfortunately ever growing. The news will attest to this with stories of abductions, kidnapping, facebook driven depressions, internet bullying, etc. It is important that kids and parents today be proactive against such dangers. Being in the business of risk management we are always looking for ways to mitigate and avoid risk. One way to do this when it comes to kid’s safety is through courses put on by Kidproof. Kidproof is an organization that puts on safety courses for children. The courses are geared toward kids ages 5 to mid teens.
Some examples of their courses are:
Cybersafe which teaches kids how to safely use the internet. They teach them how to see warning signs and unsafe situations online.
Another course is all about avoiding being bullied or how to deal appropriately with a bully. The course is called Bully Proofing.
Their most popular class is the Babysitter Training course. This course helps kids develop the skills needed to take care of other children.
Knowledge and education are always a good defense against certain dangers. Kidproof’s classes are a great way for parents to help make children aware and educated on today’s dangers. Visit www.kidproofsaftey.com today.
Kidproof is always looking to expand to help get the word out to parents in different communities in North America. If anyone wishes to start their own Kidproof franchise then contact Darian Richardson of RMC Franchise. Visit his website at www.rmcfranchiseconnect.com.
Here is an article from the National Fire Protection Association (NFPA) on Thanksgiving Safety Tips. From our family here at Fey Insurance Services to yours, have a wonderful and safe Thanksgiving!
THANKSGIVING SAFETY TIPS
The kitchen is the heart of the home, especially at Thanksgiving. Kids love to be involved in holiday preparations. Safety in the kitchen is important, especially on Thanksgiving Day when there is a lot of activity and people at home.
•Stay in the kitchen when you are cooking on the stovetop so you can keep an eye on the food.
•Stay in the home when cooking your turkey and check on it frequently.
•Keep children away from the stove. The stove will be hot and kids should stay 3 feet away.
•Make sure kids stay away from hot food and liquids. The steam or splash from vegetables, gravy or coffee could cause serious burns.
•Keep the floor clear so you don’t trip over kids, toys, pocketbooks or bags.
•Keep knives out of the reach of children.
•Be sure electric cords from an electric knife, coffee maker, plate warmer or mixer are not dangling off the counter within easy reach of a child.
•Keep matches and utility lighters out of the reach of children — up high in a locked cabinet.
•Never leave children alone in room with a lit a candle.
•Make sure your smoke alarms are working. Test them by pushing the test button
States have laws requiring drivers to carry auto insurance, sometimes referred to as financial responsibility laws. There are a number of ways a driver can show his ability to pay for injuries and damages. By a wide margin, auto insurance is the most common form of financial responsibility compliances and is the most frequently purchased form of insurance.
The two basic components of auto insurance coverage are liability and physical damage coverages. Liability coverage will pay for your negligence resulting in bodily injury and or property damage. Claims for bodily injury could include claims for medical expenses, lost wages, consequential damages including pain and suffering. Property damage coverage pays for the damage you may do to the property of others. Liability coverage includes the cost of defending yourself against liability claims. A companion coverage that is of great value is uninsured motorist coverage. This coverage protects you if you are injured by an uninsured driver.
Physical damage coverage can provide collision and or comprehensive coverage. Collision coverage provides payment for damage to your automobile as the result of a collision with an object. Comprehensive coverage pays for the damage to your auto by causes other than collision. Collision and comprehensive coverages are optional and not required by law. If you have a lien on the automobile, the lender will require you carry these coverages.
Fey Insurance Services morns the loss of Douglas M Fey who served those in our agency as an owner, brother and uncle. We will greatly miss him and his warm spirit around the office. Below is his obituary.
FEY, Douglas Michael age 64, went home to be with the Lord on Friday, September 27, 2013. He was born on December 30, 1948 in Cincinnati, OH, the son of Ralph N. Fey and Ruth Yvonne Curpen “Bonnie” Fey. He attended school in Oxford graduating from Talawanda High School and later attending Miami University in Oxford where he was awarded a Bachelors of Science Degree in Business Administration in 1971. While at Miami he was a member of Beta Theta Pi Fraternity where he served as Chapter Treasurer. Following graduation he entered the U. S. Army serving in the Finance Branch in the United States and for 18 months in South Korea. Upon completion of his military service he returned to Oxford to begin working in the family insurance business with his father, older brother, his sister-in-law and later his nephew. Doug was Vice President of Fey Insurance Services. He loved to fly and held a commercial instructor’s rating, and at one time he owned a vintage 1946 Piper Cub which he hangered at his family’s farm. In addition, he was at various times a member of the Oxford Presbyterian Church, the Oxford Kiwanis Club, the Oxford Rotary Club and the Oxford Country Club. On October 17, 1993, Doug married his beloved Paulette, and they moved to Lebanon, OH where he lived the rest of his life. Doug and Paulette loved to travel and spend time with their children and grandchildren. He leaves his brother, Thomas Curpen Fey (Cathy) of Oxford, Ohio, Paulette’s daughters Amber Mitchell (Jon) of New Carlisle, Ohio, Kim Martin (Zach) of Loveland, Ohio and Laura Hockett of Lebanon, and thirteen grandchildren including Samantha Mitchell, Milo Mitchell, Ulyana Mitchell, Ilia Mitchell, Anastasia Mitchell, Slava Mitchell, Olga Mitchell, China Martin, Nova Martin, Cherokee Martin, Zion Martin, Ivy Hockett, a niece, Elizabeth Fey Mundy (Al) of Cincinnati, Ohio and nephew, Brian Douglas Fey (Kate) of Cincinnati, Ohio and their children. He was preceded in death by his parents. Visitation will be held on Wednesday October 2nd from 10:00-12noon at Oswald-Hoskins Funeral Home with a service immediately following. Interment will take place in Lebanon Cemetery. Arrangements were made by Oswald-Hoskins Funeral Home. Online condolences may be sent to the family by visiting www.hoskinsfh.com