Posts Tagged ‘theft’

Got Valuables? Get Insurance!

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Leonardo da Vinci’s Mona Lisa is the most famous painting of all time. It also holds claim to the largest insurance valuation for a painting in history. In 1962, when the Mona Lisa went on tour from Paris France to Washington DC and New York City, The Louvre assessed the cost to insure the painting for the duration of the trip. The valuation at the time was $100,000,000. Ultimately, The Louvre declined the insurance as the premiums to insure the masterpiece were greater than the highest security precautions available.

Today the Mona Lisa sits comfortably on display at The Louvre inside a sealed enclosure of 1.52″ think bullet proof glass and a permanent interior temperature of 43 degrees Fahrenheit and a consistent 50 percent humidity. With over 9,000,000 visitors each year and the Mona Lisa being the most popular exhibit in the Louvre, there’s no question the painting warrants some serious protection measures.

da Vinci’s Mona Lisa is secured inside an environmentally protected enclosure including nearly 2 inches of bulletproof glass.

 

It’s unlikely that you or I will ever require such extreme protection measures for our valuables, however anyone in possession of valuable artwork would be foolish not to expend some extra effort to protect it. A good home security system is a good start, however a smash and grab-type burglar who knows what he’s after isn’t likely to be deterred much by an alarm. Once that valuable item is stolen odds are that it’s gone for good. This is where insurance comes into play.

A standard homeowners insurance policy provides little protection for damaged or stolen valuable items. Never assume that your home insurance is going to properly cover you for valuable works of art, jewelry, furs or other valuable collections. The proper way to insure these items is specifically insuring each of these items on a valuable items schedule. Often referred to as a “rider” or a “floater,” this form of insurance not only insures specific valuables at predetermined limits, but it broadens coverage to include losses that would not ordinarily be covered on a homeowners insurance policy. When specifically “scheduled,” coverage options include mysterious disappearance and breakage. Additional coverage options may include an “agreed amount” or “appraised value” coverage.

For more information or to obtain a quote to properly insure your valuables, contact a member of our team at Fitts Insurance. We’ll be happy to take the time to explain your coverage options and place this valuable coverage for you.

 www.fittsinsurance.com

 

 

Hackers Gonna Hack, Scammers Gonna Scam – Be Smart, Be Safe

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We admit it.  We love social media!  From Facebook, Twitter, Instagram, Pinterest (yes, we confess, even those food pics that make us hungry) e-mails, Skype, Face Time and so many new modes that are being created, we say “bring it on!”

Social Media Pic2Because during our busy days, when we can not be present with the people we love, these modes of communication are what link us to our families, our friends, our business dealings - let’s be honest – OUR LIVES!  So it makes sense that something so important, so vital to our daily lives, would be something that we should guard, protect and keep safe.

But hackers, scammers, phishers, trollers and assorted other nefarious people know that when you are busy, harried, and stressed by the demands of life and the new demands of staying connected on all these social media options, they can slip right in and rob you of it all – with disasterous results that can have long term effects.  We don’t want that for our insureds.

So here is an email we just received from one of our friends and we post it for you as a cautionary tale in hopes that you will never have to go through the same situation.

A person I follow on Facebook sent an email today:

I received a message from Facebook along with their logo, stating that my account would be suspended because I violated their policy and that I needed to verify my account or they would temporarily shut it down.  I filled out the form - with my login information.  Stupid—I know better than that!  But it looked real and I didn’t take time to really think it through because I was in a hurry and just wanted to resolve the problem.

That night I could no longer access my administrator account.  Then, when I went to my Facebook page, I found posts for all sorts of unrelated products THAT I DID NOT POST and posts from friends who also received some of those posts.  So I set about getting rid of them all only to find my password was changed and I could not delete the posts.

The end of the story is still being worked out by our friend and we hope it is only their Facebook account that was hacked and that the info taken was not enough to open other accounts or give the hackers access to additional private information or their online accounts.

We advise you NEVER to respond to an email request for account information through a link within that email or call a number provided in that email.  Instead, go directly to the public address or phone number and contact the inquirer directly on a secured line to see if they actually contacted you.  We want you to be educated, be aware, be careful, and be safe.

For more ways to protect yourself, see the following article on phishing:  www.wikihow.com/Prevent-Phishing 

 

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Fitts Insurance Agency, Inc.

2 Willow Street, Suite 102

Southborough, MA 01745

 

888-697-6542

508-620-6200

(f)508-481-0227

www.FittsInsurance.com

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Five Effective Landscaping Tricks That Protect Your Home From Burglars

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Roughly two million burglaries occur each year. Protect your home and family when you implement five landscaping tricks that don’t compromise your home’s exterior appearance or value.

1. Place Hostile Plants by Entryways Burglars typically target easily accessible windows and doors. By placing hostile plants loaded with thorns, briars and brambles near these entryways, you discourage potential burglars. Several hostile plants to consider include roses, holly, raspberries, bird’s nest spruces, needle bushes and Spanish bayonet.

2. Trim Shrubbery Near the House Overgrown shrubs, bushes and flowering plants look untidy, and they give burglars plenty of places to hide. They also prevent neighbors and anyone on the street from seeing suspicious behavior near your home. Protect your home when you keep shrubbery trimmed to lower than three feet tall all along the exterior of your home. Remember to trim plants away from the sides of your home too.

3. Use Noisy Ground Cover Burglars try to be as quiet as possible, but noisy ground cover around your windows and doors alerts you to their every move. Pea gravel or other crunching stones do the trick, and you can find these burglar deterrents in colors that match your existing landscaping.

4. Install Short Privacy Fencing Tall fences and tree barriers increase privacy, but they also obscure burglars. Install short fencing with an open design instead. If you already planted trees or shrubs, trim them so that the canopy starts at eight feet or higher off the ground.

5. Turn on the Lights Most outdoor landscaping includes lighting of some sort. Opt for strategically placed motion-activated lighting as you reduce your chances of being burglarized. Place these lights near all your doors and windows and along pathways. They frighten burglars away and warn you when someone walks near your home.

Your home’s landscaping adds beauty and value to your property. It also deters burglars. Talk to your insurance agent today and discuss additional landscaping tricks that deter burglars and protect your home.

Why Each Roommate Needs a Renters Insurance Policy

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You and your apartment, dorm or house mate might share living expenses, but you each need your own renters insurance policy. It’s an investment that replaces your possessions if they’re damaged, stolen or lost. Learn why this $15 per month policy is an important part of your living arrangement.

Be an Individual

Whether you and your roommates are strangers, best friends or cousins, purchase separate policies. Most renters insurance companies won’t include two or more unrelated people on a policy, so be an individual and purchase your own policy.

Cover Deliberate Damage

Maybe you and your roommate get along great until you have a big fight and he or she deliberately damages your valuables. If that happens and you and your roommate share a policy, you won’t receive a payout to replace the damaged item.

Protect Your Future Insurability

Let’s say your roommate’s car is vandalized. Your combined policy pays the claim, but since your name is also on the policy, your ability to purchase affordable insurance is negatively affected for the next three to seven years. Separate policies protects your future insurability.

Keep the Payout

Joint insurance policies include payout checks made out to both parties. So when your valuable electronic equipment is stolen, both you and your roommate have to sign the check. Purchase separate coverage to ensure you receive the full amount you’re due.

Cover Liability

When a visitor trips or falls and decides to sue you, renters insurance can cover the liability. Slander and libel may also be covered. Have your own policy to cover your liability.

Know the Limits

Despite purchasing separate policies, your renters insurance might include financial limits. Discuss coverage caps with your insurance agent to ensure your vintage guitar or art collection is covered.

Purchase Adequate Coverage

You don’t know how much your possessions are worth until you create an inventory list. Then, purchase replacement value coverage. Although it costs about 10 percent more than cash value coverage, it allows you to replace the damaged, lost or stolen item at its current cost rather than the purchase price minus depreciation.

The decision to share living space with an apartment means you share expenses too. Make sure each roommate purchases a separate renters insurance policy, though, as you protect your possessions.

Tax Season Riddled With ID Theft Scams

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LAdyThe IRS says more than 3,000 taxpayers have been victimized by phone scammers claiming to be IRS agents and demanding payments by either by pre-paid debit cards, or by deposit into online payment accounts.

The IRS says it doesn’t call taxpayers to discuss their accounts, so anyone receiving such a call should hang up quickly.

Another potential danger for taxpayers is identity thieves using personal information to file fraudulent tax returns, and stealing their refunds. A number of states have enacted stricter identity verification methods to try to reduce this threat.

Tax season also brings with it an increase in email phishing scams in which criminals send emails claiming to be from the IRS, in the hopes victims will enter personal information into a false IRS or banking website.

Scammers are also trying to exploit confusion about the Affordable Care Act by demanding people pay ACA-related tax penalties to them.

All these scams highlight the importance of taking active steps to protect your identity, and the need for heightened vigilance during tax season.

Maria Cordeiro is client services manager for Chubb Personal Insurance.  Posted: 17 Mar 2015 08:34 AM PDT

Steer clear of car breakins

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car break inOne Saturday, Jenny stopped by the mall for some afternoon shopping. The parking lot was packed, but she found a space at the very back of the lot. After she ate some lunch and shopped for a few hours, Jenny strolled back to her car—only to find that her passenger window was broken, and her laptop and iPod were missing. Her heart plummeted into her stomach, and she wasn’t sure what to do. If you’ve ever walked into a parking lot or your own driveway to discover a thief has broken into your car, you’re probably all too familiar with that terrible sinking feeling. Fortunately, there are some steps you can take to stop car robbers in their tracks. These criminals go for the simple jobs, so they usually choose vehicles that are parked in remote areas and have valuables in plain view.

Don’t make yourself an easy target. Follow these five easy tips to steer clear of car breakins: More

Think twice before you “Check-in”

 

There’s been plenty of warning in the media about security risks associated with various social media sites and the types of posting people do on them. One major security risk is the “Check-in” feature on facebook. Simply put, people should never use this feature.

Think about it. When you head out for summer vacation, you set your burglar alarm, shut off the mail, ask a neighbor to check on the house or water the plants. We do this to keep our home as secure as possible while we’re away from it. So why is it so many people travel hundreds of miles away to the beach, the lakes, the mountains, etc and the first thing they do is “Check-in” to Joe’s Bar and Grill on the Jersey Shore? More