Insurance Blog

Checklist for Business Owners and Operators

While we watched the destruction by Hurricane Harvey, and continue to watch hurrican Irma tracking towards the United States after leaving a path of destruction in the Carribean, New England residents and business owners may wonder if a major weather event like that could happen here. The answer, according to meteorologists, is probably not. "Harvey was a very unique storm in that it stalled," said Jacob Wycoff, a meteorologist for Western Mass News in Springfield. "We are so close to the jet stream [that] we don't get that type of stalling system." Additionally, Irma is the stongest hurrican in the Atlantic ever recorded. 

Hurricane Harvey is the strongest storm to make landfall in the United States since Hurricane Charley in 2004. News of the damage it has caused to southeastern Texas is prompting people to help in whatever ways they can. Unfortunately, there are dishonest people who prey upon people’s good intentions, creating fake charity campaigns to exploit victims and take advantage of those who want to help.


How to Avoid Scams

Despite the sense of urgency to help when disaster strikes, it is important to do some research before donating. Consider the following best practices to ensure that your resources go to a legitimate charity with experience in disaster relief:

  • Never wire money to someone who claims to be a charity. Legitimate charities do not ask for wire transfers. Once you wire the money, you’ll probably never get it back.
  • Be cautious about bloggers and social media posts that provide charity suggestions. Don’t assume that the person recommending the charity has fully researched the organization’s credibility.
  • Only donate through a charity’s official website, never through emails. Scammers have a knack for creating fake email accounts that seem legitimate.
  • Ensure that the charity explains on its website how your money will be used.
  • Be wary of charities that claim to give 100 percent of donations to victims. That is often a false claim, as well-structured organizations need to use some of their donations to cover administrative costs. 
  • Never offer unnecessary personal information, such as your Social Security number or a copy of your driver’s license. However, it is common for legitimate charities to ask for your mailing address, and it is safe for you to provide it.

What You Need to Know About Dorm & Renters Insurance For College Students

If your college-bound student will be living in a dorm or other campus housing, her belongings may be covered under your homeowners or renters insurance policy. However, the Insurance Information Institute (III) says that some policies limit coverage for belongings while your student is away from the your home. Dorm insurance protects your student's personal property against damage or loss, and renters insures both of you in case someone is injured while on non-campus residences.


Do Students Need Renters Insurance?

A college student who is under 26 years old, enrolled in classes, and living in on-campus housing, may be covered under your homeowners/renters insurance policy. But, even if a student is a dependent under his or her parent's insurance, the student's personal property, in many cases, is not covered if the student lives off-campus. Furthermore, coverage for on-campus losses depends on the insurance carrier and your insurance deductible. (See: Choosing The Right Coverage.)

College students living in off-campus housing are ideal candidates for renters insurance, since many students bring thousands of dollars worth of personal items, such as electronics, a computer, televisions, gaming devices, bicycles, and furniture with them to their home away from home. As a renter, It is their—  or perhaps your — responsibility to provide coverage for these valuable items. The landlord’s insurance does not cover their personal property in the event that it is stolen or damaged as a result of a fire, theft or other unexpected circumstance. 

Contact Us Today

Bedford, MA - 781-275-2114

Hudson, MA - 978-562-5652

Wayland, MA - 508-358-5383

Winthrop, MA - 617-846-0731

Memberships/Awards

trusted choice Baldwin Welsh Parker

S5 Box

Login

Register

You need to enable user registration from User Manager/Options in the backend of Joomla before this module will activate.