Category: Uncategorized

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.

18 May 2017
Get Wet, Not Killed: Boating Safety Tips

Boating Safety Tips

Boating is supposed to be an incredibly fun and memorable experience, but it can only be so when you keep safety in mind.

Even if you are as experienced a captain as Captain Nemo, it is always a good idea to review boating safety rules before you hit the water. The best way to remain calm and remember the safety tips is to go over them as much as possible. If you want to protect yourself and those aboard your vessel, it is important that you consider the following safety tips.

  1. Be Aware of the Weather
    You absolutely must be aware of the weather before you go out on the water. You can check your phone, online, and your TV to get a good forecast of your local weather. If you get to your boat and you see dark clouds, feel sudden drops in temperature, and notice changing winds, play it safe and get off the water.
  2. Develop a Float Plan
    Always make sure to let someone know you are going boating before you head out to sea. You need to develop a Float Plan. A good plan includes the following information:
    • Boat type and registration information
    • Name, address, and phone number of the boat owner
    • Trip itinerary
    • Name and phone number of all passengers
    • Alternative forms of communication like Emergency Position Indicating Radio Beacon (EPIRB) or Personal Locator Beacon
  3. Always Wear Lifejackets
    Most drowning victims are the result of them not wearing their life jacket. Make sure that your family and friends don’t become another statistic by giving each member onboard a lifejacket that properly fits them. Make it a rule that they wear it all times when aboard the sea vessel.

Boat insurance can protect you from such dangers in terms of property and liability, but it’s best to do what you can to avoid any issues. For all of your insurance questions and needs, contact CAV Insurance today.

11 May 2017
How to Pick the Right Life Insurance Policy

How to Pick the Right Life Insurance Policy

When it comes to something as important as your loved ones’ financial security if you die, make sure that you take these tips into consideration to ensure you pick the right life insurance policy. 

Life insurance is a policy that provides your loved ones with a lump sum of money called a death benefit in the event of your death. But for many people, choosing a life insurance policy can be quite the hectic adventure. There is a lot that rides on your decision, and if you choose incorrectly, it will be your loved ones that face the consequences. Make sure that you choose the right life insurance policy with these tips.

  1. Know the Two Types of Life Insurance
    ∆ Term Life Insurance – Term life insurance, as the name suggests, only lasts for a limited term. The terms usually go from 5-30 years and this policy is typically the least expensive life insurance option. Term life, however, does not hold any value outside of the death benefit.
    ∆ Whole Life Insurance – Again, much can be learned from the name of the policy. Whole life insurance will cover you for your entire life, as long as you pay all your premiums on time. While a bit pricier than term life, whole life accrues cash value that can be used, should you reach retirement and decide that paying the premiums is not something you want to continue doing.
  2. Know How Much Life Insurance You Need
    In order for your family to be fully financially protected, you have to consider your monetary value to them at the moment. You have to consider the mortgage, car payments, credit card debt, student loans, future children tuition, and other child-related costs and things for which you pay.

Life insurance is an incredibly important policy; a policy that requires much thought and consideration in order to protect your loved ones. For all of your insurance questions and needs, contact CAV Insurance today.

04 May 2017
How to Make Your Teen a Better Driver

How to Make Your Teen a Better Driver

If you want your teen to be as safe as possible when they drive, make sure that you take these tips into consideration. 

Putting your teenager, the child you have been raising since before they could speak, behind the wheel of a car is a very nerve-racking experience. Teenagers are three times more likely to get into a car accident than those aged 20 and older. Luckily for you and parents everywhere, there are a few things that you can do to help prepare them for the road. Before they spread their wings and leave the nest, or house rather, take these tips on how to make your teen a better driver.

Tip I: Drive with them when they acquire their permit. 

A study conducted by University of North Carolina’s Highway Safety Research Center found that there is a sharp decline in accidents for individual teenagers who drove 110 hours with supervised driving before getting their licenses. The risk of accident for rookie drivers is far greater than the veteran driver.

Tip II: No phones when they drive. 

We all know the law: No texting and driving. Irresponsibly, however, we all break the law, even adult drivers. Teens should keep their phones in the center console on silent as to not draw their attention. Children learn by example, so be a role model and do not fiddle with your phone when you are behind the wheel.

Tip III: Limit the passenger count when they drive. 

They will have to learn how to drive with passengers in the car, but when they are still learning, limit that teenage passenger friend to one, and increase it by increments of one once they learn how to tune out distracting teenage ruckus.

Your kids will be independent one day and it’s your job to help them prepare them for the toughness of the adult world. For quality auto insurance that will keep you, your teen, and your car protected from all covered perils, contact CAV Insurance today.

17 Apr 2017
CAV Insurance - New Website and Blog

Welcome to Our New Website & Blog!

CAV Insurance Agency, Inc. would like to extend a warm welcome to our new website and blog! Through our newly revamped website and blog, our team will update you on the latest news within the insurance industry while also offering regular lifestyle tips.

Our blog will be your first stop for not only the latest information but also community events in Wellesley and surrounding areas in Massachusetts. We encourage you to browse through our new innovative website to see all that we have to offer.

We are always available to guide you through the insurance shopping process for all of your Massachusetts insurance needs. We work to serve the best interests of you, your family, and your business.

13 Feb 2014

Reducing the Risk of Water Damage

Proper maintenance during winter weather can reduce the risk of damage due to water intrusion.

Use the following guidance to prepare for and respond to freezing weather:

 

Protect your pipes from freezing

  • Insulate all accessible pipes using pipe insulation (this can be found at your local hardware store).
  • Keep all exterior entry, exit and garage doors to unheated spaces closed as much as possible during the winter months.
  • Prior to the winter months, ensure that all cracks, holes, and other openings on the exterior walls are sealed tightly with caulk or insulation to prevent cold air from penetrating the wall cavity.
  • If the temperature drops lower than usual and any pipes are located adjacent to exterior walls or within base-cabinets or in closets, leave the cabinet/closet doors open or use a fan to increase warm air circulation around the pipes.
  • In areas of severe cold weather, pay close attention to local weather reports for notice of extreme weather.
  • When extreme cold weather is predicted, let all faucets drip to prevent freezing of the water inside the pipe and if freezing does occur, to relieve pressure buildup in the pipes between the ice blockage and the faucet.
  • The pressure buildup is the actual cause of bursting pipes.Install a water leak detection system, available at your plumbing supply store, which will alert someone in your household if water is detected.
  • Shut off the water supply during periods when the home may be unoccupied, particularly when colder weather is expected.
  • Be sure to drain your water supply system before leaving the home unoccupied.

 

Check for frozen pipes

  • Turn on each water supply faucet individually (both hot and cold) to ensure that there is a steady stream of water present.
  • If the flow of water is slowed, or worse, there is no flow, then it is likely that your pipe has frozen.
  • Identify the blockage (probably the area of most exposure) and use a blow dryer (do NOT use an open flame torch!) to heat the supply line, while leaving the faucet open.
  • Continue heating the pipe until there is a steady flow of water.

 

Frozen-Pipes-Infographic_IBHS

Remove snow from window wells and against walls

  • Remove snow from window wells and against walls.
  • Snow buildup around windows and against walls also can lead to water damage.
  • To maintain proper drainage and reduce the risk of leaks in basements, remove snow from window wells and against all walls.

Clear debris from drains and gutters

  • Clear debris from drains and gutters.
  • Clear debris from basement drains.
  • Make sure gutters are clean and stable to ensure proper drainage
14 Jan 2013

Fire Safety Tips for Kids and Adults

Fire Safety Tips for Kids and Adults

  • Make sure all family members know how to dial 911 in case of an emergency.
  • Have at least two exits from every room in your home. Invest in fire escape ladders for upstairs bedrooms.
  • Go through a practice drill every six months. With the whole family, practice what to do in a fire emergency.
  • Assign a tree or other landmark where family members can meet after they escape the burning house.
  • Teach children to never go back in the house.
  • Train children not to hide from fire under beds, in closets or other places where rescuers cannot easily find them.
09 Jan 2013

Child-proof Your Home

Every year, thousands of children are injured needlessly in preventable home accidents. Child-proof your home and make it a safer place for everyone.

  • If your child is under age three, turn a yardstick on end to create an imaginary line around your house, yard and garage; everything below the yard mark should be child-safe.
  • Purchase plastic safety plugs to reduce shock hazard of electrical outlets.
  • Store all household chemicals out of the reach of children. This includes detergents, cleaning products and cosmetics, as well as commonly recognized hazards such as medicines, pest killers and liquid fuel.
  • Keep household chemicals, including cleaning products, in their original packages. Don’t store them in cups, soft-drink bottles, cans or bowls that children might associate with eating and drinking.
  • To product your child from scalds, reduce the temperature of your hot water to between 120 and 130 degrees Fahrenheit by turning down the control of your water heater.
  • Always turn pot handles away from the edge of the range.
  • Install nylon netting across deck, porch and balcony railings to prevent kids from squeezing through or getting trapped.
  • Since windows may be opened or merely screened, install steel window guards inside the frames to prevent falls.
  • Keep adult sporting goods, such as archery sets, dart sets and hunting knives, in locked cabinets.
  • Store guns unloaded and locked up, out of reach. Store ammunition in a separate locked location.
  • Install bump guards on furniture and appliances that have sharp edges.
  • Check to see if your household and garden plants are poisonous. Ask your physician or poison control center.
03 Dec 2012

Study Finds Massachusetts Workers’ Compensation Rates Among Lowest in U.S.

The Division of Insurance applauded the study reminding us that rates in Massachusetts have decreased more than 19.7 percent since 2007.
A new study from the Oregon Department of Consumer and Business finds that Massachusetts employers pay some of the lowest workers’ compensation rates in the nation. In light of the Division of Insurance’s recent denial of the Worker’s Compensation Rating and Inspection Bureaus request for a rate increase, Commissioner Joseph Murphy was pleased with the news.

03 Feb 2012

Massachusetts Auto Insurance Premiums Show Largest Drop in The Nation

January 19, 2012

The Division of Insurance announces the results from the NAIC’s annual report on auto insurance premiums.

Massachusetts has come out on top in a recent report published by the National Association of Insurance Commissioners. In a state-by-state study of auto insurance premiums, the NAIC report found that during the period from 2007 to 2009 Massachusetts saw a 12.7% decrease in personal auto insurance premiums, the largest decrease in the nation.

The average personal auto insurance premium in Massachusetts fell from approximately $1056.92 to $923.11 during the 2007-2009 time period totaling a median savings of $133.80. The Division of Insurance notes that this decrease also occurred at the same time when manage competition was being implemented in the Commonwealth.

“Managed competition helped Massachusetts drivers see premiums drop at a higher rate than the rest of the country, a benefit we expected to be part of this reform,” said Commissioner Murphy. “Consumers have a larger choice of company, coverage and cost under this system, and shopping around for auto insurance can maximize those benefits.”

Managed competition officially started in the Commonwealth in April 2008 to open “…up the marketplace to allow insurance companies to set their own rates and compete for customer’s business.” Since this transition, says the DOI, Massachusetts has added 13 new insurance companies in addition to the 19 already established here under the old system. Of those 13, three of the four of the nation’s largest carriers, GEICO, Progressive and Allstate have opened up for business here.

The NAIC’s  annual report was created in response to the rise in interest and attention now placed on auto insurance rates across the country.