Do you know the difference between a standard or preferred policy versus a nonstandard policy?
Most people don’t.
I run into several situations with clients who are switching to us, who did not realize they had a nonstandard policy. A standard or preferred policy is for average drivers with decent driving record and credit scores. A nonstandard policy is for risky drivers, those that have a lot of speeding tickets or have a younger driver, a lot of specialty cars are also covered under nonstandard policies. Nonstandard policies are not bad, but sometimes they can have a lot of exclusions, that can put you at a disadvantage.
A lot of times when people get insurance policies they assume that all policies are the same, which is not always the case. Sometimes you will find a policy that is a good rate, for the same coverage’s as a policy with a higher rate. However, sometimes the policy exclusions or coverage’s are overlooked and may be different.
Nonstandard car insurance accounts for about a fifth of the private passenger auto insurance market according to industry analyst Conning & Co. Because most of these policies are geared toward risky drivers or those with specialty vehicles the exclusions and what is covered may be listed.
Some common things to look out for, first the step down provisions. If you have a risky younger driver, your policy may have full coverage for you and partial coverage if they are driving or if you lend your car out to someone other than you to use. Another thing to look out for is depreciation, if your car is in an accident or even going for repairs they will take into account depreciation, so you will only get a percent of the full cost to replace or repair something. A third thing to look out for is excluded liability and physical coverage if you use your car for business in any way. For example, if you decide to take a part time job delivering pizza or newspapers, this would be considered using your car for business, even if your car is your own. Finally if you have a specialty car, they may have a cap for how much mileage you can have that they cover.
Concerned? Here are some things you can do:
The bottom line is to be aware of your coverage’s, and make sure that you are comparing apples to apples and getting the same or better coverage’s. We at the Chittenden Group, always try to make sure our customers are fully covered and aware of what their coverage’s entail. If you have any questions, feel free to call or speak with Dawn or Liz, your Chittenden Customer Service Representatives.
Your Friends at the Chittenden Group,
I was taking towels out of the dryer the other day and contrary to what my wife Shannon might tell you I do help out with laundry! Anyway, when I do manage to carve out time to help with laundry, I always make sure that I clean the lint trap. At least once a year I vacuum and clean out the vent pipe that leads from the dryer to outside my house. If you don’t already do it, you would be amazed at the amount of lint that builds up. This may seem like a hassle, but trust me its well worth your time. Dryer lint is a real fire danger. In an article I read the other day it stated that, according to a new government report, there are an estimated 2,900 clothes dryer fires in homes reported to U.S. fire departments each year. Dryer fires also cause an estimated $35 million in property losses.
Scary stuff, and I know about this first hand because last year a client of mine had a dryer fire that caused a great deal of damage and ended up close to a $200,000 loss. Fortunately, no one was home at the time, but it’s frightening to think that this could have happened at night while everyone was sleeping. How many times have we thrown a load of laundry in the dryer after a long day when the kids are finally put to bed?
Here are some dryer vent cleaning tips to help you make sure your dryer is as safe and efficient as it can be:
1.Unplug the dryer
2. Pull dryer away from the wall – Don’t pull too far or too quickly! You will probably only be able to get a foot or two away from the wall
3.Remove the vent clamp from the back of the dryer with a screwdriver
4. Slide the vent off of the dryer
5.Use your arm (or better yet, a shop vac) to pull out any lint from both the inside of the dryer and the tubing – You may need a plumber’s snake, long-handled scrub brush or a simple hanger in order to better reach all the nooks and crannies in the dryer and the tubing
6.Go outside and remove the vent from the front of house – Keep in mind that you may need to remove caulking as well as screws from around the vent’s frame, and will have to reattach later
7.Using an arm or shop vac, clean out any lint – Again, hanger or scrub brush may make things easier
8. Reattach tubing, vent, etc and reconnect dryer
9.Run dryer for 5-10 minutes on “low” or “fluff” in order to blow out any loose lint
Do you and your family a favor, play it safe and take a few minutes a year to clean the vent.
Personal Lines Manager
Question: My daughter is graduating from high school and will soon turn 18. She is living at home and won’t be attending college. Is there a certain age at which she must come off my car insurance policy?
Answer: Congratulations on your daughter’s graduation. There is no certain age at which a child must be taken off your car insurance policy, as long as he or she is living at home. Unlike other types of insurance policies, such as health insurance that allows a child to stay on until they turn 26, there is not a cutoff age for auto insurance.
Can you believe these are/were insured?