Personal Risk Management

Review Your Property Coverage

About half of all US citizens, especially homeowners who have been in their home for more than 4 years, are under-insured by as much as half of the correct amount. Many do not know what their coverages are, and some can not even find their policies. The final responsibility of appropriate coverage is legally on you, the home-owner (or tenant). Your insurance policy probably includes a penalty for being under-insured. If you are not insured correctly, the aforementioned penalty can be

Prepare for the Loss of Your Stuff

Many people do not understand the process of filing a claim and being paid for the "stuff" in their home. However, it is important to be prepared if you want to be properly compensated by your insurance company. Let us assume you are going to eventually suffer from a catastrophic (or even partial) loss of your belongings. This is not a pleasant exercise, but we can improve what you will get back from your insurance company after all these years of paying your bill.

Cyber Threat

A growing risk is threatening homeless shelters. This threat is more insidious and less measurable than most risks for which we often prepare. I am writing about what is usually referred to as “cyber-risk”. Unlike buildings that are susceptible to fires and automobiles that are exposed to collisions, cyber risks are imposed upon a mission, not just by a rogue employee, but by people from outside the mission looking to steal without ever stepping foot on the premises. Unlikely, you think? Please don’t be naïve!

Improve Your Car Insurance

Nationally, 1 out of 7 drivers is underinsured. As averages go, some geographical areas are better, while others (usually metropolitan areas) are worse. Do not be lulled into thinking that the state laws have corrected the underinsurance problem. No, when we face difficult economies like we do today, auto insurance is one of the first areas to suffer. In an effort to save money, many people are simply giving up auto insurance all together. If cost is a concern, we can often balance your policy’s coverages differently so

Write a Will

About half of all US citizens avoid writing any kind of a will. For various reasons, it is just not done. If you pass away without a will, the legal red-tape gets enormously difficult for those you leave behind. Avoid adding to the emotional stresses of your loved ones by writing a will today! There are many resources online that will help you in writing wills. If your situation is simple, you may do

Fire in the Wild West

A few years ago, I was the director of a small non-profit ranch near Colorado Springs. While one of my employees was hauling horses from Kansas, the truck began losing power and occasionally blowing brake light fuses. At midnight, I received a panicked phone call from Cory, who was just 5 miles from home after an 1100 mile journey. The truck was on fire.

Residential Fire Awareness

According to a recent U.S. Fire Administration study, on an annual basis, fire departments across the country are called to 360,900 fires, resulting in “2,495 deaths, 13,250 injuries and $7 billion in property losses.” This research also found that residential building fires peaked between 5:00 to 8:00 P.M., typically while people are cooking dinner. What can be done to reduce the likelihood of a death, injury or property loss as a result of a residential fire?

Fireplace Safety

Did you know that fireplaces and chimneys are involved in 42% of all home heating fires? As the days get shorter and the thermometer drops, we naturally start thinking about what we are going to do to keep warm this winter. We were pretty lucky last year, with very little snow and relatively mild temperatures. Some old-timers say that sets us up for a more “normal” winter this year, meaning more ice, snow and cold.

With the cost of heating oil, propane and natural gas taking a bigger bite out of the family budget, many people are thinking about using their fireplaces again.

Shop Securely this Holiday Season

With the increased propensity for people to shop and bank on-line, clever criminals are constantly finding ways to harvest some of this personal information for their own devious purposes. As much as it may be nice to think so, this type of criminal activity is not solely limited to on-line shoppers, but is also a threat at the ATM, gas station and grocery store. In spite of this growing trend, there are a number of things that a family or organization can do to minimize