Search Results for: blog eliminating risks

Eliminating Risks

My husband and I are in the middle of moving to our dream home after two years of looking for just the right place. He originally wanted to find some property on the Columbia River I wanted a view. During our long and painful hunting we found some very wonderful homes some filling his dream and some mine. One of our major concerns about our new home is that we can live there for a long time and face minimal risks. It didn’t take a lot of hunting for us to realize living on the river itself was more risk … Continue reading →

Controlling and Reducing Risks

When it comes to personal risk management controlling and reducing our risk is where we have the greatest power over the cost of the worst case scenario. Those who pay attention to the facts that make a risk more or less likely and control what they can will not only avoid some of the risk completely, but may also have discounts on their insurance premiums. Most homeowner insurance companies offer discounts for insureds with alarm systems, or other security devices. Other discounts may be available for homes with fire sprinkler systems. These things not only reduce the risk your home … Continue reading →

Retained or Accepted Risks

I have a friend who likes to climb mountains. I’m not motivated to climb a mountain, but some people are and enjoy doing so as often as possible. I could probably climb a mountain if I had to and I might try if I had no other choice, but for me at this point in my life I just don’t want to take the risk of a broken leg or blisters on my hands. In fact, at this point in my life the risk of breaking my leg is much lower then a friend of mine who does climb mountains … Continue reading →

Your Guide to Insurance Savings

Everyone has to carry some form of insurance, whether it is homeowners insurance, renters insurance, auto insurance or private medical insurance. Being able to find ways to reduce the amount that you have to pay on your premiums is important. With less money leaving your family budget for insurance, you’ll have more money for savings and other needed expenses. 1. Raise your deductible If your insurance deductible is less than $500, consider raising it to at least that amount. The higher your deductible, the lower your insurance rate. The deductible is the amount that you will pay first before the … Continue reading →

The Family That Vacations Together…

According to a national survey, more than 500 million camping trips are taken during the summer months. That’s breaks down to roughly 15 percent of the U.S. population–or a whole lot of families– looking to spend at least part of their time off from school and work bonding in nature. The Outdoor Foundation survey also revealed that the younger a child is exposed to camping, the more likely he or she will be to embrace the idea of sleeping under the stars in a tent. Nearly half of those polled said they first went camping when they were 7 years … Continue reading →

Top 10 Tips for a Home Business

Whether you are thinking of just starting a home business or you are already running one, these top 10 home business tips can help. Tip number 1 is to put the word “no” into your vocabulary. This word can easily be eliminated when you are starting up a home business because you want to take advantage of every opportunity you can. When I first started my writing career, I jumped at everything that came my way. But even after I established myself as a writer, I still kept taking on additional things. Giving of some of those things was one … Continue reading →

Halloween Insurance Tips: Are You Inviting Trick-or-Treater’s?

The Trick-or-Treater’s will be knocking on your door tomorrow night! It’s your responsibility as the homeowner and insurance policy owner, to prevent losses. Halloween is a huge liability exposure. By decorating, turning your porch light on, and handing out treats homeowners invite some of the most common, and most expensive liability claims. To make it simple, any injury that any person might suffer while their feet are on you property can be considered your liability. Take a few moments and consider these important issue before inviting the neighborhood to knock on your front door: If you trip over the garden-hose … Continue reading →

Insurance Terms: Q-R

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U-V | W-Z Insurance Terms: Q Qualified Annuity is a form of an annuity purchased with pretax dollars as a part of a retirement plan benefiting from a special tax arrangement like a 401(k) plan. Qualified High-Deductible Health Plans are health plan with lower premiums that cover expenses after the insured has met the large deductible for out of pocket … Continue reading →

Spring Is In The Air, and so is a lot of other Junk!

It’s time to haul out the lawnmower, clippers and get dirt under our fingernails. So many pretty flowers are showing themselves, and everything is about to burst with bloom. There is a lot of work to be done, and the days are getting longer and longer just to remind us of the nearing summertime… Homeowners and renters (if they really appreciate their landlords) need to start thinking of all the maintenance and hazard issues for their home as well as their liability risks. If you still have your holiday lights hanging from the eve’s of your house, then you need … Continue reading →

What is an Insurance Actuary?

Life is filled with uncertainty. We all face events that are unexpected and happen. “Risk” what is possible–those things that could be horrible–but, might actually happen to us. An Actuary is a person who is an expert in the following skills: Evaluates of the possibility that something horrible might happen in the future. Looks for simple, and creative ways to control, eliminate or reduce the odds of something horrible happening in the future. Finds methods to decrease the impact when something horrible does actually happen. Insurance serves one major function and that’s to help decrease the impact when something horrible … Continue reading →