Category: Archives

10 Aug 2017
College kids insurance

College Kid Heading Back to School? Insure Them!

Be sure to review the homeowners, renters, and auto insurance policies before your children head off to campus!

Before your studying child heads back to college, every parent should review insurance policies to make sure that there won’t be any financial strain during the upcoming school year. This includes ensuring that all personal possessions are adequately protected!

From laptops to textbooks to phones, if you add up all of the items that your college kid takes to school, the total will, most likely, add up to a couple of thousand dollars. If there were a fire or theft in the dorm, it would be financially straining to replace all of these items with no additional help. 

Start the Semester on the Right Foot

You can start be contacting your insurance professional to find out how much coverage your homeowners or renters insurance policy will provide for your child’s personal possessions if they are living in a dormitory. If they are living off-campus, then you can look into purchasing a renters insurance policy.

A college inventory should be created in order to total up the estimated value of what your student is moving in school. Having an up-to-date inventory can facilitate the claims filing process in the event of theft, fire, or other types of disasters.

 Get Extra Credit

If your college kids own jewelry, expensive sports equipment, and musical instruments, the policy may be subject to dollar limits. These items may need additional coverage to protect their equipment and instruments, or leave expensive jewelry at home or store it in a safe deposit box.

Other types of insurance should be reviewed, such as auto insurance and tuition insurance.

  • If your student has been driving the family car and will now be away at college, tell your insurance company as you may be eligible for a discount on your auto insurance. If your college student averages good grades at school, then a Good Student Discount could save you money on your premium.
  • Tuition insurance is coverage that refunds a portion of the semester and on-campus room and board when a student withdraws at any time during a semester due to a covered medical reason. This includes being excluded from school for an emotion, nervous, or mental disorders.

Get your college student protected with reliable policies from the professionals at CAV Insurance, serving Wellesley Hills and neighboring cities in Massachusetts. Visit us today to get started!

03 Aug 2017
Get Your Classic Car Ready for the Road with These Tips

Get Your Classic Car Ready for the Road with These Tips

After a wet spring, the warm weather has finally arrived! Have you taken you classic car out yet? If not it’s time to take the dusty cover off and fire them up for their first drive of the year. Before you take them out, there are some items that you should check.

While we do not advise our clients to remove coverage in the winter, some choose to do so. It is vital that you call your insurance agent before you take your car out and review the coverages. Many specialty companies that we work with insure cars on an agreed value basis. This agreed value basis means that the car is insured for whatever value is stated on the policy. It is always good to review the market value of your collector car annually and check to see what your car is worth. The last thing you want is for your pride and joy to be underinsured.

Right now is a great time to catch up on the maintenance of your car. Use these warm days to get ahead of the game. Here is a list of things to check:

  • Check the coolant level
  • Change the oil and oil filter
  • Check the transmission oil
  • Check the brake fluid
  • If your car has power steering, check the power steering fluid
  • Check the belt for cracks and other imperfections
  • Check the radiator hoses for cracks
  • Clean or replace the spark plugs
  • Check the tire pressures (Don’t forget the spare!)
  • Have a look around the engine bay for debris from mice or other critters
  • If the car has an electric fuel pump, turn the key one notch and let it click. This action will prime the fuel system and fill up the carburetors. It is also a good time to check for fuel leaks.
  • If you do not have a fire extinguisher in the car, it is strongly recommended that you do.
  • Check the inspection sticker and registration. Make sure both are active.

Start her up!

Let the car run for a couple of minutes as you look over the engine. Check again for leaks and allow the car to warm up. If you discover a problem that you are not sure how to fix, look for a specialized shop to help you!

Now you are ready for the best time of the year! Enjoy the summer season and get out on the roads with your classic car!

27 Jul 2017
Choose the Right Deductible for You

How to Choose the Right Deductible for You

Determine what deductible best meets your needs.

When you buy insurance, your policy may include a deductible. This is the amount that you agree to pay on a bill before the insurer pays the benefits. In the event of a claim, this is an immediate out-of-pocket expense. Health, dental, home and auto insurances all have deductibles, so it’s important that you understand how to select the right one for your needs.

If you get into an auto accident, you would need to pay the deductible for any needed repairs before the insurer pays the balance, up to the policy limits. In general, high deductibles can lead to lower premiums, but also higher out-of-pocket costs.

High Deductible

The best benefit of having high deductibles is that you pay lower premiums than you would with a lower deductible. The insurer has less risk with a high-deductible policy, because the benefit payout on a claim is reduced. With a higher deductible, you also avoid wasting money for benefits that you would not likely use. For example, young, healthy adults who don’t need as much health care often choose a high deductible. By eating right and exercising to stay fit, these young adults protect themselves against health issues and the need for extensive health coverage.

High Out-of-Pocket Risks

The most significant downside of a high-deductible plan is that there is a significant out-of-pocket expense in the event of a claim. For example, on a $1,000 deductible auto policy, you will be required to pay $1,000 towards the expenses before your insurance kicks in. This is a sizeable outlay of money compared to a $250 deductible.

Talk to Your Insurer

Your insurer will be able to advise you on the right policy and deductible for your needs. Depending on your financial situation, you may need more coverage or a lower deductible. Are you ready to get started? Visit CAV Insurance for your insurance needs in Wellesley Hills and neighboring cities in Massachusetts.

20 Jul 2017
Homeowners Safety While on Vacation

Homeowners Safety While on Vacation

Heading out on a holiday? Be sure to protect your home!

Where is this summer taking you? Whether it’s a tropical, action-packed, or relaxing holiday, many people go on holiday over the summer months. With time off work and school, it makes it ideal for families, couples, and individuals alike. While you’re packing to head out on holiday, ensure that you’ve taken the necessary steps to protect your home.

Ask a friend. Ask a relative, friend, or trusted neighbor to visit your home a couple of times a week. He or she can water the plants and check that the home is safe and sound.

Limit social media messages. It’s possible anyone to see your social media profile and messages. Posting about an upcoming vacation may get you in the mood for fun, but it makes it easy for thieves to know when your home will be empty. Instead, post pictures about your holiday when you’re back home.

Remove the key. Now is the time to remove the spare front door key that’s hiding underneath the welcome mat. Thieves will take advantage of scoping out places to hide keys, so be sure that you don’t fall victim!

Unplug and shut off. Before you leave, unplug minor appliances (TV, chargers, some lights), and shut off the water value. This way, the risk of your home suffering from damage decreases.

Make it looked lived in. You don’t want people to know you’re away while you’re away. Combat this by setting lights on a timer to switch on during the nighttime, and consider lowering or turning off your telephone ringer. While you’re at it, cancel milk and newspaper deliveries.

Pack discretely. Take care when loading up the car with luggage. You don’t want to attract any unnecessary attention to indicate that you’re leaving down. Don’t leave the trunk open while you bring out suitcases. Instead, try to pack up your supplies while your car is in the garage, if possible.

Before you head out on vacation, take a moment to review your homeowners insurance. You’ll want to ensure that your coverage is suitable for needs while you are away from your home. Fortunately, it takes a simple phone call to secure the right coverage. Talk to the professional team at CAV Insurance to determine your homeowners insurance policy in Wellesley Hills and neighboring cities in Massachusetts.

06 Jul 2017
Avoid Discrimination and Harassment in the Workplace

How to Avoid Discrimination and Harassment in the Workplace

Keep your business clear of discrimination and harassment in the workplace.

As an employer, you have the responsibility to maintain a workplace that is free of discrimination and harassment. Not only is this your legal obligation, but it also makes good business sense. If you allow prejudice and violations in the workplace, you will pay a high price in poor employee morale, low productivity, and lawsuits. Most businesses can’t afford the cost of any legal claim, let alone an employment practices liability claim, one of the most costly disputes around. Luckily, there are ways to stay the right side of the law and avoid discrimination and harassment in the workplace.

Recruit and Hire Correctly

It’s illegal to bar certain individuals or groups of people from employment based on race, color, sex, national origin, religion, age or disability. Your job postings should not contain discriminatory language, and should not hint at discrimination.

Be Fair with Dismissals

While there’s nothing wrong with dismissing an employee for legitimate reasons, ‘wrongful termination’ is something to consider. If an employee feels that he or she has been terminated on unfair or prejudice grounds, he or she should file a suit.

Create Written Criteria

Before you make major decisions within the business, make sure you write out criteria on how to plan to evaluate applicants and employees. That way, you’ll have a physical document to guide your decisions and justify your choices if someone questions your motives.

Adopt Clear Harassment Policies

You can’t enforce your business’s harassment policy if it’s not written out. Your policy should clearly state that harassment of any kind won’t be tolerated. All policies should outline disciplinary procedures, instructions on how to file a claim, and details about how an investigation will be documented.

Train Your Team

The best way to avoid harassment and discrimination in the workplace is to teach your team that it is not okay. Ask every member of your team to undergo workplace harassment training, and always intervene if a situation calls for it!

Issues occur all too easily these days. Fortunately, safeguarding your company has never been easier! At CAV Insurance, we work with you to understand your risks, exposures, and insurance protection. Visit our team today to get started on securing your policy in Wellesley Hills, MA.

22 Jun 2017
Commercial Insurance Agent About General Liability

Questions to Ask Your Insurer About General Liability Insurance

Have these general liability insurance questions ready for your commercial insurance agent.

General liability insurance is something that every business owner needs if they want to protect their business from the dangers of everyday life. But, for some business owners, general liability insurance is not so straightforward, and that’s okay! We are here to help. If you are curious about this policy, here are a few questions to ask about general liability insurance to ask your commercial insurance agent.

What’s covered?

It covers the basics like bodily injury and property damage. However, depending on your business, you may need more or less coverage. Be sure to ask your agent what coverage your business needs.

How do I file a claim?

A good place to start is with your agent. He or she can give you plenty of pointers on how to make your claims process a lot easier. From making notes, storing documents, and improving health and safety practices, your agent can help to prevent a claim as well as file one.

When do I need to file a claim? 

As soon as possible! The sooner your claim comes in, the faster it can be resolved.

Are the limits enough to cover my needs?

Every insurance policy covers you up to a monetary limit. Once you reach that limit, you are left to cover the rest. As accidents and legal suits can rack up hundreds of thousands of dollars, it’s a good idea to secure extra coverage for your business’ assets. An umbrella insurance policy can increase your coverage limit.

Investing in a comprehensive commercial insurance policy and a communications strategy will help to provide a solid foundation for your company. Contact CAV Insurance to learn more about your options for business insurance in Wellesley and surrounding cities in MA. We can help you assess your needs and determine ways for you to save!

15 Jun 2017
Workers’ Compensation Cover

What Does Workers’ Compensation Cover?

Do you know the essentials about workers’ compensation?

Every business has its own unique set of risks and dangers when it comes to working employees. Therefore, every business owner should know what workers’ compensation insurance can do for the company and employees! Your business is one hundred percent responsible for providing workers’ compensation benefits, so it’s important to ensure it is quality coverage.

Workers’ Compensation 101

Workers’ compensation protects workers from workplace injuries, repetitive stress injuries, and occupational diseases.

This coverage can help your business pay for:

  • Work-injured employees’ medical and recovery expenses
  • Replacement wages when employees can’t work because of a covered injury or illness
  • Dependent support payments and funeral expenses when fatal occupation injuries occur
  • Liability expenses when your business gets sued over work injuries.

Employees who are injured or disabled on the job receive a fixed monetary reward and, in exchange for the acceptance of this aid, cannot sue the business.

What Your Business Needs to Know

Workers’ compensation covers most injuries that occur on the job, on a no-fault basis. This means that benefits are paid regardless of who is to blame for the accident or injury unless the employee’s conduct violates company policy. In this case, coverage may be excluded.

Coverage can extend to an employee traveling for company-related business, running a work errand, or attending a business social event. With these events included in the insurance, make sure that your business has quality coverage.

At CAV Insurance, we provide each business with the workers’ compensation insurance that is suitable to protect your company and employees. Contact us to get started on your tailored policy!

08 Jun 2017
Reduce Risks to Your Business Vehicles

How to Reduce Risks to Your Business Vehicles

These practices, paired with commercial auto insurance, help to reduce the risk to your business vehicles.

With over 240 million registered motor vehicles in the United States, it’s clear that many businesses are on the move – literally. Whether you own or lease a single car or an entire fleet of vehicles, it’s important that you protect your company, assets, and employees. Luckily, commercial auto insurance in Renton can help you do just this. But, to lower the risks of getting into accidents and mishaps that cost your business time and money, follow these top practices.

Driving Rules

  • Require all employees to wear a seat belt. This measure can help prevent deaths and limit the severity of injuries in an accident.
  • Enforce a zero-tolerance policy. Make it clear that drinking and driving under the influence will not be tolerated.
  • Prohibit all cell phone use behind the wheel. Distracted driving is the leading cause of accidents.

Vehicle Guidelines

  • Allow enough travel time between meetings, assignments, and delivery dates so that no employee is tempted to speed.
  • Limit the use of the vehicles – only drive them for business-related activities.
  • Employees should always lock the vehicles when on the job, and park in well-lit and secure areas.

Hiring Advice

  • Before hiring employees to drive company vehicles, interview each applicant and perform the necessary checks – driver’s license, references, background, et cetera.
  • Provide training to all employees, no matter their skill set.
  • Establish a program that recognizes and rewards safe drivers.

While you work on lowering the risk of accidents in your company, talk to insurance professionals for information on how to safeguard your business from the inside out with business insuranceContact the team at CAV Insurance, serving Eastern Massachusetts.

01 Jun 2017
Auto Claims is a National Issue auto insurance premiums

The Spike in Auto Claims is a National Issue

Personal auto insurance rate hikes are not keeping up with losses.

Motorists across the U.S. may (or may not) have noticed that their auto insurance premiums raised slightly last year. Despite the rise in premiums, reports conclude that the increase was still not enough, due to high catastrophe-related losses and unfavorable claims.

Over the last two years, personal auto underwriters faced, and still continue to face, adverse loss trends that drove higher claims costs. They include claims frequency jumps from more miles driven, more distracted driving, higher physical damage losses because of the more complex and sophisticated automobile parts, and higher bodily injury costs from more severe accidents. In short, the technology loaded in cars and more distracted drivers are causing a knock-on effect to insurance industries as well as their health and safety.

This issue is not just happening to individual policies. It’s a national issue echoed by just about every CEO of the large national auto carriers. Believe it or not, but State Farm reported a loss of $7 billion on its auto insurance underwriting in 2016. In 2015, the underwriting loss was $4.4 billion. State Farm is far from alone in seeing detrimental results in its auto insurance line. GEICO, Travelers, Allstate, The Hartford, and other insurers are also looking for ways to counter rising auto costs.

Before you renew your auto policy, talk to your insurer about the increased rate. Instead of seeing an unwelcome surprise as a premium, discuss the ways in which you can save, drive more carefully, and bundle insurance policies to save a few pennies.

Find out how CAV Insurance can help you secure a reliable and affordable auto insurance policy. Our trained experts are ready to help you and answer any and all questions you may have about the rising car insurance rates. For coverage in Wellesley Hills and neighboring cities in Massachusetts, contact us today.

25 May 2017
Make Sure That Your Home Is Properly Covered

Make Sure That Your Home is Properly Covered

Home insurance protects your home from covered perils, so it is important that you take the proper steps to ensure it is insured to the best of your ability. 

Your home is likely the greatest investment you have made in your entire life, as it is for most people, so it is of the utmost importance that you protect it with the right home insurance policy. Your home insurance policy should be updated every time there is an improvement, major purchase, or increased rebuilding costs. To make sure that your home is properly covered for all perils, take these homeowners insurance recommendations into consideration.

  1. Do you have enough insurance to rebuild your home?
    Let’s imagine one of the worst-case scenarios and say that your cat accidentally knocked over a candle and your home was completely burnt to a crisp. (If you are worried about the cat in this imaginary scenario, let’s just say you and your cat made it out unscathed!) You have to think of the costs for clean-up, raw materials, and then construction. You need to insure your home for costs of complete reconstruction.
  2. Do you have insurance to protect your things?
    Let’s go off that same scenario. Your home has been fully reconstructed, but it is empty. What about your things? (And your cat’s things?) Homeowners insurance generally covers 50 to 70 percent of the amount of insurance you have on your policy. So if you have $100,000 in coverage, your home insurance company will provide $50,000 to $70,000 towards your things.
  3. Do you have insurance to cover your additional living expenses? 
    If your home was burnt to a crisp, where will you and your cat stay while it is being constructed? While it may not be Rome, it still won’t be built in a day. Home insurance can cover your expenses for living elsewhere until your home is ready.

Home insurance is a policy that need not be taken lightly. For all of your insurance questions and needs, contact CAV Insurance today.