Why You Need To Keep A Home Inventory

Home Inventory

Home InventoryYou protect your home with homeowners insurance in the event of a fire, theft or other catastrophe. In the unfortunate event you have to use your insurance, would you be able to provide a list of your belongings? Without a list it would be pretty hard. That is where a home inventory comes in to help. 

Though your homeowners insurance policy provides the protection that you need in the event of a loss, your policy can only pay for items that you can document. To protect your belongings, conduct a home inventory to record everything you own. Should a loss occur this inventory will assist you in quickly determining which items were destroyed or stolen. 

How should I conduct a home inventory?

Completing a full home inventory is simple. Walk through every room in your home and identify all of the contents. This can be done by making a list, taking photographs or even using our mobile app. If you make a list or take photos, make sure to keep them in a secure, fire safe location. Using our mobile app is easy and the information is stored electronically. You can even send a copy via .pdf to your insurance agent. 

Click Here to learn more about our mobile app. 

Click Here for a home inventory checklist

How does a home inventory list relate to my insurance policy?

A home inventory not only helps you in the event of a claim, but it can also help you determine if you have enough insurance coverage. Your coverage should equal the cost of your possessions at today’s prices. Items such as jewelry, furs and fine art should be appraised on a regular basis. This will help ensure you have enough insurance to cover their high-priced values. Also, these items may need to be covered by an extra endorsement or under a separate policy. Ask your agent for more details. 

Once your home inventory is complete, contact your agent at Rinehart-Walters-Danner Insurance to review your coverage and to provide a copy of your home inventory for safe keeping. 

 

A Nite At The Races To Support The Domestic Violence Shelter

It’s Nite at the Races time!!! This annual event kicks off next Saturday, April 21st at 6pm. Choose your winning horses, bid on silent auction items, win raffle prizes, enjoy an night of fun– all while supporting the services and programs of The Domestic Violence Shelter. 

Tickets are still available and food and drink is included with your ticket. If you are interested in a ticket, contact John Hower at our office. Join us in our support of The Domestic Violence Shelter for a memorable evening.  

 

Fire Safety and Prevention, What You Need To Know

Fire Safety

Fire SafetyHome is where the heart is…it’s also where your family, prized possessions and most fond memories are. Home is also the same place that has the greatest risk of fire. Nearly 80% of fire deaths in the US each year occur in the home. Are you taking steps to keep your home and family safe?

Fire Safety

  • Check all electrical appliances, cords and outlets. makes sure they are all in working condition, without loose or frayed cords or plugs.
  • Use caution with portable heaters. Never place one where a child or pet could accidentally knock it over, and keep it at least 3 feet away from flammable objects.
  • Be careful in the kitchen. Cooking is the leading cause of home fires. Always practice safe cooking habits, such as turning pot handles to avoid being knocked over, and supervising children while cooking.
  • Check the fireplace. It should be kept clean and covered with a screen to keep sparks contained. Burn only wood in a home fireplace and never leave a fire burning unattended.
  • Beware of cigarettes. They are the number one cause of fire deaths in the US. Most are started when ashes or butts fall into couches or chairs, so use caution if you smoke in your home.
  • Use candles safely. Keep them out of the reach of children, away from curtains and furniture, and extinguish them before you leave the room. Do not allow children to use candles when unsupervised by an adult. 
  • Be aware of holiday dangers. If you use a cut Christmas tree, be sure to keep it watered daily, and inspect all lights yearly for worn or frayed cords.

Fire Prevention

  • Install smoke alarms on every level of your home.
  • Use the smoke alarm’s test button to check it every month and replace the batteries at least once a year. 
  • Replace smoke alarms every 10 years. 
  • Plan escape routes by determining at least two ways to escape from every room. 
  • Caution everyone to stay low to the floor while escaping and never open doors that are hot. 
  • Select a safe location outside your home where everyone should meet, and practice your escape plan at least twice a year so everyone knows it well. 

Do you need to discuss homeowners insurance with one of our agents? Click here to learn more or Click here to contact us. 

Share these tips with everyone you care about, you can never be too careful! 
Your friends at Rinehart-Walters-Danner Insurance.   
 
 

What You Need To Know About A Health Savings Account

health savings account

health savings account

 

If your employer offers health benefits, there is a chance they offer a Health Savings Account compatible plan. You may be familiar with those type of plans, or it may sound like a different language. Don’t fret if you don’t understand. That’s where we come in. Below is a basic breakdown of an HSA.  

What is a Health Savings Account?

Also know as a HSA, a Health Savings Account is a savings account that you can use to pay for medial related expenses. It can be funded by tax-exempt dollars by your employer, by yourself or by anyone else on your behalf. The funds in the HSA account can help pay for eligible medical expenses not covered by an insurance plan. This can include copays, deductible, coinsurance and prescriptions. 

Who is eligible for a Health Savings Account?

In order to open and contribute to a HSA plan there are a few stipulations. You are eligible if you are: 

  • Covered by a high deductible health plan (HDHP)
  • Not covered under another medical plan that is not an HDHP
  • Not entitled to (eligible for AND enrolled in) Medicare benefits
  • Not eligible to be claimed on another person’s tax return

What is a HDHP?

A high deductible health plan is a plan with a minimum annual deductible and a maximum out-of-pocket limit that is set by the IRS. These limits change annually but for 2018 the limits are as follows:

    Type of Coverage         Minimum Annual Deductible       Maximum Annual Out-of-pocket 
Individual $1,350 for 2018 $6,650 for 2018
Family $2,700 for 2018 $13,300 for 2018

So how does it work?

Your high deductible health plan does not provide co-pays when you visit a Dr or pharmacy. That leaves you to pay the total expense of the visit or the prescription. Your claims will still be ran through your insurance company and most will be re-priced at the negotiated price from your insurance company. You can then use the funds in your HSA account to pay for those expenses. Most HSA accounts will offer checks or debit cards to make paying bills easy. The important thing is to make sure you are using those funds for qualified medical expenses. If you use the money for non medical expenses you will be subject to additional taxes and penalties. 

Click here to learn how your HSA works with Retirement.

A few more things.

Unlike other accounts, a HSA is not one that you have to use or loose by the end of the year. You can contribute money into this account and not touch it for years. It will just stay in the account until you need it. The IRS also puts yearly caps on how much you can contribute each year into your HSA. You can click here to learn more. 

If you have additional questions, we are are happy to help! 

Rinehart Insurance Is Bowling To “Spare-A-Little”

Spare A Little

Spare A LittleWhether you roll a strike, a spare, a split or a gutter ball; it doesn’t matter. The goal is to have a good time and raise funds for Mid-Ohio Youth Mentoring. On March 24th we will have about half our Rinehart Team doing their best to “Spare-A-Little”.

This event is a great way to have some fun and do some good, at the same time! This year marks the 22nd year for this annual event. Funds raised will help them provide youth in our community with a mentor that supports, encourages, and provides opportunities, that will help them achieve success in life. 

Do you want to do your part? Below is the event link where you can learn more, make a donation, or even have a team of our own. Happy Bowling!

Spare-a-Little for Kids bowling event. 

Driving Safe In Bad Weather, What You Need To Know

Driving safe in bad weather

Driving safe in bad weatherThis crazy Ohio weather can definitely be challenging to drive in. Rainy one day, snowy the next. Driving safe in bad weather is a must for Ohioans, regardless of the season. Do you know how to modify you driving during rain, snow or fog? What if we get the random tornado? If not don’t worry, we’ve put together some tips to keep in mind. 

Rain And Thunderstorms

  • Turn on your headlights, wipers and defroster to increase visibility.
  • Drive in the tracks of the vehicle ahead of you and reduce your speed.
  • Allow for increased space between your vehicle and the one in front of you.
  • If you hydroplane, hold the steering wheel straight and remove your foot from the gas.

Tornadoes

  • If you are driving in a tornado, get out of your vehicle and find shelter. If there is not a building nearby, lie in a ditch and place your arms over your head.

Snow, Sleet and Freezing Rain

  • Clean ice and snow off your windows, hood and trunk before departing.
  • Drive with extreme caution and at reduced speeds.
  • Do not brake quickly as you may spin out of control.

Fog

  • Slow down before you reach a patch of fog in front of you.
  • Use only your low beams or fog lights and put on your defroster and wipers to increase visibility.
  • If the fog is extremely thick, roll down all of your windows to hear other vehicles around you.

Taking extra precautions and following these tips will help keep you safe. Driving safe in bad weather is critical for your, and your family’s, safety. Share these tips with your friends and family today to help keep them safe. 

3 Reasons You Need To Purchase Flood Insurance

Flood Insurance1

 

A single inch of water from flooding can cause serious damage to your home and personal belongings. Melting snow, heavy rain, and even dam failure can put you risk. While there may be little you can do to prevent a flood, there is something you can do to help yourself. Purchasing a flood insurance policy adds an extra layer of insurance coverage in the event of a flood related loss.

However, not all water losses are considered flood damage. For losses to be covered under a flood insurance policy, the following definition of a flood applies:

A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from: overflow of inland or tidal waters; and unusual and rapid accumulation.

Therefore, below are 3 reasons you need to purchase flood insurance.

1. The number one natural disaster in the United States is flooding

According to the Federal Emergency Management Agency (FEMA), flooding is the nation’s most common natural disaster. Twenty percent of flood claims are filed by people living in moderate- or low-risk areas. Flooding not only damages your property and belongings, it damages your financial security. Paying to fix damaged property and replacing belongings can quickly drain your hard earned savings.

2. A standard homeowners policy does not cover damage from flooding

Submitting a flood damage claim under your standard homeowners insurance policy will unfortunately result in a denial. Because flood damage is excluded, you will be left to foot the bill for any expenses incurred.

(Click here to learn more about a standard homeowners insurance policy).

Purchasing a separate flood insurance policy will cover losses caused by flooding. This could include things such as:

  • Structural damage
  • Furnace, water heater and central air-conditioning
  • Flood debris clean up
  • Electrical and plumbing systems

3. Federal Disaster Assistance is limited

Federal disaster assistance is only available if the president formally declares a disaster. Even if you do get disaster assistance, it’s often a loan that will require you to pay it back, with interest. As long as there is not a formally declared disaster, you are left to pay for clean up, fixing and replacing damaged property and belongings.

Stay protected

Flood insurance means you’ll be reimbursed for all of your covered losses. As long as your community participates in the National Flood Insurance Program (NFIP), you’re eligible to purchase flood insurance. In general, a policy does not take effect until 30 days after you purchase the coverage. However, if a lender requires flood insurance, in conjunction to making, increasing, extending or renewing your loan, there is not waiting period.

To learn more about flood insurance visit our page by clicking here. For more information on flood insurance coverage’s and premium costs click the link below or call our office today.

Flood Insurance

 

 

 

 

Please share this article if you found the information helpful. 

Do You Know How To Do The Tire Tread Penny Test?

Tire Tread Penny Test

Tire Tread Penny TestThere seems to be a tip or trick to everything these days. But have you ever heard of the tire tread penny test? You can use a penny to check if it is time to replace your tires. Yes, you read that right, a penny! Here’s how it works.

Tire Tread Penny Test

Conduct the tire tread penny test by placing the coin upside down with Lincoln facing you in the center of the tread. 

  • If you can see the top of Lincoln’s head, replace your tires immediately. 
  • If Lincoln’s hair is partially visible, start comparing tire prices, as you will need new ones soon. 

Use the following tops to help keep your tires in the best shape possible

  • Rotate your tires from the front to the rear in pairs. 
  • If you drive a four-wheel drive or all-wheel drive vehicle, replace all four tires when it is recommenced in your service manual. 
  • Since tires do not wear evenly, perform the tire tread penny test at several points from the outside to the inside of the tires. 
  • Test and replace your tires at the same time. 
  • Always keep your tires properly inflated. 

Your cars performance is essential to both it’s safety and its efficiency. Make sure your tires are in good condition and replace then as soon as they show too much wear. 

How To Prevent Ice Dams and Homeowners Insurance Claims

prevent ice dam

prevent ice damThis crazy up and down weather we’ve had lately can really reek havoc on our homes. Between the arctic chill and freezing pipes, to the heat wave and snow melt we don’t know if it’s Winter or Spring. One think to keep an eye on is your roof. All this thawing and freezing can create ice dams on your roof which can lead to major water damage.

What is an ice dam?

An ice dam is a ridge of ice that forms at the edge of a roof. It prevents melting snow and water from draining off the roof. The water that does not drain can leak into your home and damage your walls, ceilings, insulation and other areas. Ice dams are typically caused by uneven heat loss from your home in wintry conditions such as snow, heat melting the snow, and cold temperatures re-freezing melted snow. A common cause of heat loss is due to inadequate attic insulation or from warm air seeping into the attic from living spaces below. This causes the roof to warm and melt the snow and then re-freeze before the melted snow slides off the roof. If this cycle repeats enough you get an ice dam and water collecting behind it.

How To Prevent Ice Dams

There are steps you can take to help prevent ice dams on your home. 

  • Keep the attic well ventilated. 
  • Seal air leaks to prevent warm air leakage from plumbing vents, junction boxes from ceiling fixtures and attic hatches. 
  • Keep the attic floor well insulated to minimize the amount of heat rising into the attic from below. (between 16 and 22 inches of insulation).
  • Clean leaves and other debris from gutters before the first snow. This will help prevent ice buildup in your gutters. 
  • Consider using an ice shield under your shingles when your house is getting re-roofed. 
  • Use a roof rake to clear the snow above the gutter. Clear as much as three to four feet above the gutter to allow water to drain freely into the gutter.

Don’t let this crazy Ohio weather turn into a disaster for your home. Ice dams can cause serious damage to your home which can turn into a large homeowners insurance claim. Take the extra time before the bad weather to do the necessary preventative measures. 

Share this information with your friends and family to help them prevent ice dams. 

The Mid-Ohio Youth Mentoring Comedy Benefit Show Is This Saturday!

Mid-Ohio Youth Mentoring

Mid-Ohio Youth MentoringMid-Ohio Youth Mentoring, formerly known as Big Brothers Big Sisters of North Central Ohio, is a well known local program. They have mentored children, ages 5 through 16, in communities across Mid-Ohio for the last 23 years.

Visiting their website you can see their mission

“Our mission is to provide youth in our community with a mentor that supports, encourages, and provides opportunities, that will help them achieve success in life.” 

In order to make their mission successful, they need donations. One popular event they hold annually is the Mid-Ohio Youth Mentoring Comedy Benefit Show. This year’s show is Saturday February 10th at 7pm. (A perfect event if you are looking for something to do with your Valentine!) To get your see more details and purchase your tickets, visit their website. 

https://www.midohioyouthmentoring.com/calendar/2018/02/10/comedy-benefit-show

Help us support them by spreading the word.