The Dowd Agencies

Archive for October, 2007

When you’re planning for a vacation, we’re sure that you rarely consider the fact that something might happen to interrupt your trip or that might even prevent you from taking the trip. The truth is that any number of things can happen to spoil a vacation. Among them are cancellation; delayed departure; loss, theft, or damage to personal property; loss or theft of travel documents (such as passports); delayed baggage (and the associated costs of replacing necessary items); medical expenses; emergency evacuation/repatriation; overseas funeral expenses; accidental injury or death; legal troubles; and damage to a rental car. Fortunately, insurance protection against many of these occurrences can be purchased.

The incident earlier this year of the American tourist with tuberculosis

(TB) raised awareness of this issue. Recall that an American citizen had been diagnosed with TB prior to going to Europe. Although his doctors told him it was unlikely he was contagious, they also told him he should not travel outside of the country. However, he disobeyed his doctors and went to Europe, where he became ill. He attempted to arrange private air transportation back to the United States, but he could not find an affordable option. Thus, he came back on a commercial flight. If that tourist had had travel insurance, he might have avoided all the subsequent problems.

Here are some other examples of occurrences where travel insurance can help.

- Your bag was lost with your insulin inside. You need help to locate your bag as soon as possible and have your emergency prescription filled. Whom do you call?

- If your sister-in-law becomes seriously ill and you must cancel your trip, what happens to your nonrefundable deposits or prepayments?

- You arrive in Jamaica and your luggage doesn’t. If it’s lost, who will help you find it? If it’s delayed, who will pay for your necessities? If it’s stolen, who will pay to replace it?

- Your cruise line, airline, or tour operator goes bankrupt. Who will pay for your nonrefundable expenses? Who will help get you to your destination?

- You are at a beach resort in North Carolina, and you are forced to evacuate due to an approaching hurricane. Who will help you evacuate and who will reimburse your lost vacation investment?

Protect Your Home Investment Against Unknown Title Defects.  For more information click here

Thanksgiving Fire Safety

Holiday Fire Safety

Home Heating Safety

One of the most important insurance policies you can buy is the personal umbrella policy, but many people are unaware they need one. This policy provides high limits of liability to protect you against a catastrophic liability loss. For example, a major car accident may injure numerous people or cause head injuries or death that will result in liability far in excess of the limits typically purchased in a personal auto policy. An umbrella policy sits on top of the auto and homeowners policies to provide higher limits of protection. In addition to providing higher limits, this policy normally pays for some losses not covered by the underlying policy, such as legitimate allegations concerning libel or slander.

Personal umbrella policies are growing in popularity. In the past, only wealthy individuals and families purchased this coverage. Today, middle-income families also may procure this policy for protection in our society’s increasingly litigious climate. As the tendency to sue for damages rises and awards granted by the courts grow, the personal umbrella policy is increasingly seen as an insurance necessity rather than a luxury. It is especially attractive because of its relatively low cost.

In particular, you should consider purchasing a personal umbrella policy if you have certain characteristics or engage in certain activities, including the following.

* Your total assets are greater than your underlying liability limits.
* You are financially responsible for the actions of a young, inexperienced driver.
* You live in an exclusive and affluent neighborhood.
* You have a high profile career or high income.
* You frequently host guests on your property.
* Your residence includes a swimming pool.
* You own waterfront property, a farm, or a ranch.
* You own watercraft, aircraft, or off-road vehicles.
* You own numerous rental properties.
* You engage in extensive international travel for pleasure.

Dispelling myths about Flood Insurance from FEMA.