Florida Insurance Industry: Now Ready to Face Hurricane Season

Florida Insurance Industry: Now Ready to Face Hurricane Season

This year’s Atlantic hurricane season has opened. With that, a mixture of estimates for less-than-the-average storms, including the highest financial resources level to pay claims may assist businessmen and homeowners to take out their worries.

Florida, the most dangerous state in the US for hurricane hits, experienced 9 years without hurricanes. This allowed Florida insurance companies to establish more record capital reserves. However, that good fate may end any time this year, based on the condition of the Mother Nature.

Florida can sleep easier at night, according to Robert Hartwig, Insurance Information Institute President. At last, the insurance industry is financially rock solid.

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Cost of Home Insurance Rate Topped by Florida

Cost of Home Insurance Rate Topped by Florida

Hurricanes may have the capacity to increase the prices of insurance but definitely not in Florida which is now about ten years without a hurricane.  In Florida, its average premium in insuring a home topped $2,000. This happened first time in Florida which nearly doubled the insurance national average, according to the current report.

After experiencing almost no hurricane for a decade, the policyholders in Florida continued to pay unjustifiable high rates of property insurance.  This is unacceptable. This was the statement of Nicole Vinson, advocacy group director of Policyholders of Florida and a lawyer in Tampa. Frankly, this insurance condition is objectionable and Nicole Vinson sued some insurance companies.

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Hurricane Preparedness Week

This year 2014, National Hurricane Preparedness Week was May 25 through May 31. It highlights the importance of planning ahead to protect families, homes and communities in advance of the upcoming hurricane season. Hurricane Preparedness Week is a national effort to inform the public about the hurricane hazards and provide knowledge which can be used to prepare and take action.

Hurricane Preparedness Week

Hurricane Preparedness Week

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Beach Season everywhere else…But here in Florida it’s Hurricane Season!

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Beach Season everywhere else...But here in Florida it's Hurricane Season!

Beach Season everywhere else…But here in Florida it’s Hurricane Season!

Tropical Storm and Hurricane Tips

Be heard…Email comments, Questions, or suggestions to us at Support@dmginsurance.net

Citizens Property Insurance Corporation recently posted some helpful information about the “What to do’s” for hurricane season in Florida. Check it out!

When there are tropical storm and hurricane warnings you should……

  • Check your family’s emergency supply kit– make certain you have food, water, medications, and other necessities to sustain you, your family and family pets for at least 72 hours.
  • Follow the direction of local officials – any evacuation orders come from local officials, so follow their guidance. When it comes to swimming, follow local warnings as well. Even the best swimmers can fall victim to the strong waves and rip currents caused by storms.
  • Keep up to date with local conditions – follow TV and radio reports from your area, or visit www.weather.gov (http://mobile.weather.gov on your phone) for      the latest forecast.
  • Remember food safety – power outages and flooding may happen as a result of a tropical storm or hurricane, so have a plan for keeping food safe. Have a cooler on hand to keep food cold, and group food together in the freezer so it stays cold longer.
  • Have an adequate communication plan – be sure friends and family know how to contact you. Teach family members how to use text messaging as text      messages can often get around network disruptions when a phone call might      not able to get through.

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Prepping for Irene – Important FloodSmart Tips

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HURRICANE-PREParedness

Hurricane Preparation Information
With Irene threatening a large portion of the coastal United States, people will be looking to you as trusted authorities on what to do before, during, and after the storm. The National Flood Insurance Program (NFIP) has developed a number of resources that can help you communicate with residents about preparing for and recovering from a hurricane.

• During a Flood: Tips to stay safe during a flood.
• After the Flood: Helpful information for residents as they return home.
• Understanding Your Flood Insurance: Talking points to help you explain what flood insurance is, as well as what is and is not covered by a flood insurance policy.
• Filing Your Flood Insurance Claim: A checklist for policyholders as they navigate the claims process.
• NFIP Summary of Coverage: An explanation to help policyholders understand their flood insurance policy.
• NFIP Flood Insurance Claims Handbook: A step-by-step guide to filing a claim.
• FloodSmart.gov Hurricane Widget: A widget you can post on your Website with an interactive quiz allowing residents to test their hurricane knowledge.
• Cost of Flooding Tool: A shareable digital resource that helps the public understand the likely costs of flooding.

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Hurricane Preparedness Week during 2011 runs from May 22nd through May 28th.

Hurricane Preparedness

Hurricane Preparedness Week

Hurricane Preparedness Week

History teaches that a lack of hurricane awareness and preparation are common threads among all major hurricane disasters. By knowing your vulnerability and what actions you should take, you can reduce the effects of a hurricane disaster. Hurricane Preparedness Week during 2011 runs from May 22nd through May 28th.

Hurricane season begins June 1st and lasts through November 30th. Hurricanes are dangerous and can result in devastating losses. The following are some helpful tips to help you through this year’s hurricane season.

If you live near the coast, know your evacuation zone and evacuation route.

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Flood Facts! Protect Your Home & Loved Ones

by DMG Insurance & Financial Services, Inc. on Friday, February 4, 2011 at 2:51pm
Floods and flash floods happen in all 50 states.

  • Everyone lives in a flood zone. (For more information, visit our Flood Zones FAQs.)
  • Most homeowners insurance does not cover flood damage.
  • If you live in a Special Flood Hazard Area (SFHA) or high-risk area and have a Federally backed mortgage, your mortgage lender requires you to have flood insurance. (To find your flood risk, fill out the Flood Risk Profile to the left.)
  • Just an inch of water can cause costly damage to your property.
  • Flash floods often bring walls of water 10 to 20 feet high.
  • A car can easily be carried away by just two feet of floodwater.
  • Hurricanes, winter storms and snowmelt are common (but often overlooked) causes of flooding.
  • New land development can increase flood risk, especially if the construction changes natural runoff paths.
  • Federal disaster assistance is usually a loan that must be paid back with interest. For a $50,000 loan at 4% interest, your monthly payment would be around $240 a month ($2,880 a year) for 30 years. Compare that to a $100,000 flood insurance premium, which is about $400 a year ($33 a month).
  • If you live in a moderate-to-low risk area and are eligible for the Preferred Risk Policy, your flood insurance premium may be as low as $129 a year, including coverage for your property’s contents.
  • You are eligible to purchase flood insurance as long as your community participates in the National Flood Insurance Program. Check the Community Status Book to see if your community is already an NFIP partner.
  • It takes 30 days after purchase for a policy to take effect, so it’s important to buy insurance before the floodwaters start to rise.
  • In a high-risk area, your home is more than twice as likely to be damaged by flood than by fire.
  • Last year, about 25% of all claims paid by the NFIP were for policies in moderate-to-low risk communities.
  • The average annual U.S. flood losses in the past 10 years (1994-2004) were more than $2.4 billion.
  • When your community participates in the Community Rating System (CRS), you can qualify for an insurance premium discount of up to 45%. Read more about CRS Ratings.
  • Since 1978, the NFIP has paid over $36 billion for flood insurance claims and related costs (as of 3/22/10).
  • Over 5.5 million people currently hold flood insurance policies in more than 20,500 communities across the U.S.

For more policy and claim statistics, visit the <span>National Flood Insurance Program.</span>

Last Updated: Thursday, 23-Dec-2010, 1:24 PM (EST)

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Disaster Assistance: (800) 621-FEMA, TTY (800) 462-7585

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FEMA Home | Contact FEMA | Privacy Policy | Important Notices | FOIA | USA.gov | DHS

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25 Tips for Smarter Holiday Travel

25 Tips for Smarter Holiday Travel

Published December 20, 2010 | FoxNews.com

Holiday travel is a bit like dental surgery. You likely don’t do it unless you have to, you have to sit for a long time, and eventually you may be subject to some invasive probing. And when it’s all over you get presents, be it a toothbrush from your dentist or, assuming you’ve been good this year, something better than a toothbrush from your loved ones. How else are the two experiences similar? Neither is ever quite as bad as you think it’s going to be. But if you suspect I’m being foolishly optimistic about holiday travel not being torture, here are 25 tips that may make your trip a little jollier.

1. Be flexible with your travel dates when booking holiday fares, says Anne Banas, executive editor of SmarterTravel.com, so that you can “avoid holiday surcharges on peak dates. Surcharges this year cost from $10 to $30 extra each way.”

2. Identify smaller airports near the major ones you ordinarily use “for some great deals,” says Casey Wohl, author of the Girls Getaway Guide.”For example, I found some better deals flying in and out of Sanford, Florida vs. Orlando International, and Sanford is just 30 minutes north of OIA.”

3. Know which airlines are most and least likely to bump you, says Hilary Stockton of Travel Sort. “JetBlue has a policy of not overbooking, so it very rarely denies boarding to passengers, followed by Hawaiian Airlines. The airlines most likely to bump passengers? American Eagle, US Airways, and Continental,” she says, based on analysis of early 2010 data. You’re less likely to get bumped, she says, if you snag a seat assignment early, check in online, and enroll in your airline’s frequent flier program.

4. Know which airlines commonly offer refunds when your airfare drops before the holidays, says Will Aldrich, vice president of TripIt.com.  The top refunders “are Virgin America, Alaska Airlines, JetBlue and Frontier Airlines, each of which has offered refunds in conjunction with over 20% of their flights. The average traveler is saving between $100-$150 when they contact the airline for a refund.”

5. Don’t get jacked by your credit card company if you’re flying overseas, urges travel guide author James Kaiser. “Make sure your credit cards don’t charge a 3% international transaction fee, he says. “Most do, Capital One doesn’t. That 3% fee will add up quick on large purchases like hotels.”

6. Know which airlines are offering free Wi-Fi during the holidays, says Banas, noting that AirTran, Delta, and Virgin America are providing fliers with the free service through January 2.

7. Get a few workouts in before taking off for the holidays, suggests trip wellness specialist Elaine Masters. “Just as an athlete prepares for a marathon, another stress-buster is to get extra cardio in the week to few days before you leave,” even “walking briskly for 30 minutes a day,” she says. “This will help relieve accumulating stress about traveling, boost your immune system, [and will help your] circulation and digestion adjust to being sedentary on long drives and flights.”

8. Arrive at the airport in time for the flight that leaves before the one you’re booked on, says airefarewatchdog founder George Hobica.”If for some reason your scheduled flight or a connecting flight is delayed or canceled, this gives the airline the opportunity, assuming seats are available, to put you on the earlier flight.” When faced with this situation Hobica says “the airline offered me the next-earliest flight” telling him he’d “better hightail it through security because I’m leaving in 15 minutes.”

9. Know ahead of time how early your airline is checking passengers in, says Brooke Spillberg, eCommerce manager at Lonely Planet. “Some airlines have a very early check-in and if you aren’t there on time, they will immediately put you on stand-by even if you paid full price months in advance.”

10. Know how to safeguard your bags at the airport, says Robert Siciliano, CEO of IDTheftSecurity.com. “Whenever at a counter always place bags on the counter or between your legs,” he says, because if the bags are to your left or right “a distraction thief will approach your opposite side and talk to you while their accomplice takes your stuff.”

11. Follow this sequence when placing valuables on the airport x-ray belt. “Shoes and belt in their bin go in first,” suggests Larry Kramer, president, of the Personal Safety Group. “Next your carryon bag, then the laptop bag followed by your” 3-1-1 toiletry bag. “Only let the laptop onto the belt as you are about to step through the metal detector. You don’t need for your laptop to be floating around unattended on the ‘other side’ for longer than necessary.” Also slap on your laptop’s bottom a label with your first initial, last name, and phone number as the laptop won’t be in its case during its belt ride, says Kramer.

12. Stow snow globes in your checked bag, as evidently enough of us try so hard to bring these holiday gems to and from our destinations that the TSA has a rule about not having them in carry-ons. “They are sealed containers full of liquid that would have to be opened and destroyed to test,” explains the TSA.

13. Feel free to bring pies and cakes through airport security this holiday season, though the TSA notes that the baked goods are “subject to additional screening if our officers see any anomalies.”

14. If you have kids, prepare them for the possibility that they may be patted down, assuring them that they will not be separated from you. Likewise, assure little ones that you will be okay if you’re pulled aside for additional screening.

15. Help yourself avoid a pat-down, Banas says, by not wearing “jewelry, belts, or anything with metal, adding that “some belts, even non-metallic [ones], can interfere with the body scanner imaging, so it’s best to keep them off so you won’t get slowed down.”

16. Remove any body piercings before heading through security, because if the metal sets off the detector the TSA reserves the right to have you remove the piercings privately as an alternative to a pat-down. Also keep in mind that bras with under wires and hair barrettes with metal pieces may set off the metal detector, so consider amending your travel outfit accordingly.

17. If you’re picked for a pat-down or body scan, don’t leave your valuables on the x-ray belt, says Sally Treadwell, communications director at www.PeopleClaim.com. “The agent should allow you to either retrieve your belongings or retrieve them for you. On a recent trip to the UK I was very unnerved to find someone huddling over my laptop bin. Nothing was taken, but I sure was glad my pat-down hadn’t lasted any longer.”

18. Thwart carry-on thieves on board the plane by shoving your luggage “in the compartment over the person’s head across from you,” Siciliano says. “This way you can watch it. Otherwise if it is over your head someone can act as if they are getting something out of their luggage when it is yours.”

19. Download white noise or sleep-stream apps onto your iPhone, suggests frequent traveler Lori MacGregor. “I like the white noise setting but plenty of iPhone apps have ocean waves, rustling leaves, etc. that basically just calm the mind and drown out screaming children.”

20. Pamper yourself in flight by placing a small pillow or its equivalent behind your lower back for support, suggests holistic family doctor Tom Potisk, as “aiding the natural curvature of the lower spine in this way will prevent the back pain. To avoid swollen ankles, make sure you stand up and walk every few hours, or at least rotate your feet while sitting, as if drawing a circle with your big toe.”

21. Don’t succumb to “wrap rage” when opening gifts, says Chris Noble, general manager of WorldNomads.com. “It’s easy to laugh at this, but there are a significant amount of injuries related to opening gifts, especially with those notoriously difficult ‘oyster shell’ plastic seal enclosures,” he says. “The Consumer Product Safety Commission made an estimate that 6,500 Americans visited emergency rooms in 2004 with “wrap-rage” related incidents — some requiring serious treatment.”

22. If you’re not going home for the holidays, seek out deals, says Lonely Planet U.S. travel editor Robert Reid, because while “hotels and airfares tend to go up from Dec 23 or 24 through” New Year’s, he says he’s “finding some traditional tourist destinations, like Vegas and Orlando, actually have some reduced fares that week, costing a bit less than they do in mid-December.”

23. Save money on a holiday getaway by considering the type of trip you want rather than thinking about a specific destination or property, says Andrea Mooney, site editor for Cheapflights.com. “Be open to a cruise to anywhere in the Caribbean rather than just to Aruba. Or decide on a ski trip and look at Wyoming, Utah, and Oregon rather than a specific resort in Colorado.”

24. Ski the week before Christmas and save, suggests Stephen Daimler of vacation rental marketplace PackLate.com, who says that upon analyzing rentals in more than 10 resorts out west he found that if you ski the week before December 25 versus anytime through January 1, “there is 50% more availability and the average price of a vacation rental is 25% less.” The average rental price the week after Xmas is $647, he notes. The week before? $493.

25. Adjust your attitude for holiday travel and “keep things in perspective,” says psychologist and author Elizabeth R. Lombardo. “If you have to wait an extra couple hours at the airport because of some unforeseen event, such as bad weather, remind yourself that you are safe and on the ground,” and whether you’re stranded at the airport or in holiday traffic it might help to “ask yourself ‘what is good about my life right here and now?’ Consider the fact that you are going to visit people you love [and] you have the means to travel,” she says, adding that you should “force yourself to come up with at least five positives” in your life.

URL

http://www.foxnews.com/leisure/2010/12/17/tips-smarter-holiday-travel/

Tropical Storm Targets South Florida

 

System aiming at South Florida becomes Tropical Depression 16; could be Tropical Storm Nicole in hours

by Eliot Kleinberg

The system on a collision course with Florida, arriving as early as this afternoon, became Tropical Depression 16 at 11 a.m. today. At 2 p.m., top sustained winds were near 35 mph, just below tropical storm strength, and the system is expected to become Tropical Storm Nicole later  this afternoon. But the official forecast calls for a 60 percent chance that Palm Beach County never will see tropical storm force winds. And the National Weather Service’s Miami office says there’s a “very low” chance. It says top sustained winds in Palm Beach County will be in the 25 mph to 35 mph range, with gusts up to 45 mph, although it said stronger winds still are possible depending on the system’s path. 

mflwindthreat_smA tropical storm warning is in place from Jupiter Inlet south to the Keys and a tropical storm watch north to Sebastian Inlet as well as for southwest Florida.

Also, a flood watch is set to be posted at 4 p.m. today and run through 2 p.m. Wednesday for Palm Beach County and points south. While heavy rains should start tonight, it’s most likely tropical storm force winds won’t affect Palm Beach County until Wednesday, if ever, the National Weather Service’s Robert Molleda said this morning. As much as 8 inches of rain could fall on South Florida, with the heaviest rains expected south and southeast of Lake Okeechobee, according to water managers at the South Florida Water Management District. They said Broward and Miami-Dade counties likely will see more rain than Palm Beach County. 

The heaviest rains are expected late this afternoon and tonight and then overnight, with a good chance they’ll make Wednesday morning’s commute an unpleasant one. The center of the system was expected to near southeastern Florida by Wednesday afternoon and east of Boynton Beach around 8 p.m. Wednesday. The system should be gone by Thursday morning. National Weather Service forecaster Brad Diehl said. At  2 p.m., the depression’s center was about 370 miles south-southwest of Miami. It was moving north-northeast at 10 mph. 

There's less than a 40 percent chance of tropical storm force winds for PB County There’s a 40 percent chance of tropical storm force winds for PB County 

145212w_sm1With the strongest winds east and south of the system’s center, if it stays right at or near the coast, tropical storm force winds would stay off shore, Molleda – warning coordination meteorologist at the weather service’s Miami office – said this morning. “Since it’s such a disproportionate distribution of wind and rain, if the system tracks offshore, even if it’s by a few miles, that’s the different between getting tropical storm force winds and not getting any at all,” he said. If the storm stays off shore, that also could reduce the projected deluge, Molleda said. But with the storm so close, and its status changing nearly hourly, “we’re walking a big of a tightrope,” he said. 

Assistant Palm Beach County administrator Vince Bonvento said the county does not expect to go into full storm mode but is watching the storm’s progress. He said the county’s final budget meeting still is set to go on at 6 p.m. Palm Beach Schools officials said at midday they’ll decide later today whether the storm will affect schools on Wednesday. The system is forecast to dissolve into a front on Thursday. Post staff writers Christine Stapleton and Jennifer Sorentrue  contributed to this report. 

Four to six inches of rain could fall on Palm Beach County

by Eliot Kleinberg

Four to six inches of rain, perhaps more in spots, could fall across Palm Beach County and the Treasure Coast from Tuesday afternoon to late Wednesday as a result of a weather system now in the Caribbean, the National Weather Service said today.

The atmosphere is loaded with water at historic levels, and rain bands could drop 2 to 4 inches over an area in as many hours, meteorologist Dan Gregoria said today from the weather service’s Miami office.

The heaviest rain will be from Tuesday night through Wednesday afternoon.

A flood watch might be issued early Wednesday for coastal urban areas.

Rainfall could be a little less pronounced along the Treasure Coast, but the threat also extends inland over Lake Okeechobee and west to the Gulf of Mexico, Gregoria said.

“We are concerned about heavy rain in a short time,” he said.

And it might not be the end. One to two more waves of saturated atmosphere might move through later in the week.

Thunder and lightning will be isolated, there’s a minimal tornado threat, and whether strong winds accompany the deluge will depend on whether the system develops tropical characteristics before moving over the peninsula, Gregoria said.

The National Hurricane Center’s 2 p.m. tropical weather outlook upped to 40 percent the chance the storm will do just that, and become a tropical depression or Tropical Storm Nicole, by Wednesday afternoon.

A National Science Foundation jet that flew into the system found it did not yet have a well-defined center of circulation, but conditions are favorable for more development, the outlook said.

The outlook mentioned two other systems way out in the Atlantic, but chances were low either will develop into anything in the next 48 hours.

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This entry was posted on Monday, September 27th, 2010 at 2:12 pm and is filed under 2010 season storms, Developing storms, Nicole, Season forecasts, South Florida weather. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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15 things you didn’t know your car and home insurance policies cover

15 things you didn’t know your car and home insurance policies cover

By Insure.com

Last updated Aug. 29, 2010

Your insurance policies probably include coverage you’ve never thought about. In order for you to get the most value from your policy, check out these things that may already be included for your premium payments:

1. A lawyer for your problem

Americans have a 10 percent chance of being sued in any given year and a 33 percent chance of being sued in their lifetimes, according to IFG Trust Services Inc., an international investment firm. Both your home and car insurance will provide you with legal defense if you’re sued for an incident that’s covered by your policy. For example, your home insurance company will provide a lawyer if you are sued because someone is injured on your property — whether it’s inside your home or outside on the sidewalk.

If a court finds you negligent and awards damages to the other party, your insurance will pay up to the liability limits defined by your policy. If you have assets to protect, such as a house, savings or investments, consider buying an umbrella policy. Umbrella coverage, which provides liability coverage above and beyond your home and car insurance, typically starts at $1 million. Read how umbrella policies extend your coverage.

2. Your naughty dog

home insurance for dogs

Say your normally mild-mannered tail-wagger has a bad day. One of your neighbor’s children wants to play but your pooch isn’t in the mood and responds negatively. The bite causes the child an injury that requires hospitalization. Your neighbor sues you, seeking reimbursement for the child’s medical bills. Depending on what breed of dog you own, where you live and your insurance company, home insurance may have you covered. Some home insurers have lists of breeds and crossbreeds they will not insure; other insurers consider such breeds on a case-by-case basis, or charge more for certain “biting” breeds such as pit bulls. Check your policy or call to see if you have coverage. For more, read home insurance for dog lovers.

11. Flat tires, lockouts and more A number of things can go wrong with your car. Maybe you hit a pothole on your way to work and suffer a flat tire. Perhaps you mindlessly locked your keys inside your car. It’s possible that your gas gauge malfunctioned and you ran out of gas. If you added roadside assistance coverage to your car insurance policy, you’re covered for most of these things. For example, Progressive’s Emergency Roadside Assistance coverage includes towing, flat-tire changes, battery jumpstarts, emergency fuel and fluid delivery and locksmith service. Roadside assistance coverage is optional and relatively cheap.

12. Bad checks, fake cash and other fraud 

If someone writes you a bogus check, your credit card is stolen or you unknowingly accepted counterfeit cash, you could be covered. According to the Insurance Information Institute (III), home insurance coverage can include unauthorized use of credit cards, forged checks and counterfeit cash. However, policy limits are generally very low, such as $500.

13. Family grave markers 

If a grave monument on a family plot has been vandalized or otherwise damaged, such as struck by lightning, it may be covered, depending on your insurance company. Many companies provide up to $5,000 for damage to a grave marker, including headstones, monuments and urns, according to III. However, policies generally exclude damage resulting from a catastrophe, such as a hurricane. There’s no additional charge for this coverage.

14. Trees, plants & your lawn 

Many home insurance policies automatically cover damage to trees, shrubs, plants and lawns on your property. Damage can be the result of theft, vandalism, an aircraft crash, riot, explosion, fire or lightning. Generally, there’s a $500 limit for any one tree, shrub, plant or re-sodding a lawn.

15. Spoiled Food 

If the food in your refrigerator spoils due to a power outage from a covered peril, you may be covered — depending on your insurer and where you live. However, the power outage must be the result of a covered peril such as windstorm, lightning, fire or hail. Some companies automatically include this under your homeowners policy. Others sell food spoiler coverage as a separate endorsement.

3. An injured pet

Car accidents are dangerous not only for people but also the pets riding with them. And because pets don’t have the benefit of seat belts, even a minor collision can result in pet injuries and major veterinary bills.

Depending on your insurance company and where you live, your auto insurance could pick up the bill. For example, Farmer’s Insurance will pay for pet medical costs up to $600 if you have comprehensive and collision coverage — in some states. You don’t pay extra for this coverage. Coverage applies in the event of your pet’s death or injury in a car accident, hijacking or theft (exotic animals not included). Here’s more about insurance coverage for pets in car accidents.

4. Terrorism

If a group like Al-Qaeda bombs your neighborhood, your property is covered under both your home and car insurance policies. Standard homeowners insurance policies include coverage for damage to property and personal possessions resulting from an act of terrorism. If your car is damaged or destroyed in a terrorist attack, your car insurance policy will cover the damage if you have purchased comprehensive coverage. But if you carry only liability coverage, your car would not be covered.

While terrorism is covered, acts of war are excluded. After an attack, the government would declare whether it is terrorism or war and your insurance will respond accordingly. Note that biological and nuclear attacks are not covered. Here’s how insurance takes cover from war and biological attacks.

5. Your stolen gun

Say your teen invites a few friends to your home and later you discover that your .40 caliber semiautomatic handgun is missing. You would report the theft and your home insurance will likely cover it. Most standard policies cover theft of firearms for up to $1,500. If you own an extensive collection of guns, consider purchasing extra coverage.

6. Your drunk friends

If you’ve just hosted a rollicking party but one of your guests left drunk and caused an accident, the finger of blame could point at you. In most states, you can be held responsible for his actions and find yourself in court. If a civil claim is filed against you, your home insurance pays for your legal representation and any damages the court awards — up to the limits of your policy. See where you could be held liable under “social host liability” laws. It’s important to have adequate liability coverage. Most insurance agents recommend buying liability coverage between $300,000 and $500,000.

7. Those reckless friends

If you loan your car to a friend for a few hours and he crashes it, your own insurance policy will come to your rescue. (It doesn’t matter whether or not your friend is insured, because your policy kicks in on your car.) Your policy insures your vehicle plus “you, any relative and anyone else using your car if the use is with your permission.” Even if your friend has his own car insurance, your insurance will pay for damage caused to others and, if you carry collision insurance, for damage to your car. However, you’ll have to pay your deductible for any collision claim. For more, read about what happens when your friend crashes your car.

8. Stolen gifts

We’ve all stashed purchases in our car in a mall parking lot and gone back in for more shopping. But car insurance does not cover personal possessions that are stolen from your vehicle. Fortunately, theft of personal property is covered under your home insurance. You’ll need to file a police report and pay a deductible to make a theft-related insurance claim. If your receipts are stolen along with your gifts, you will need to document your purchases, perhaps by obtaining duplicate receipts from the stores.

9. Your lost luggage

home insurance for lost luggage

Any trip can turn sour if your luggage does not return with you. Fortunately, many home insurance policies will reimburse you for lost or stolen luggage. Loretta Worters of the Insurance Information Institute says that this falls under “off-premises coverage” in some home insurance policies. Sometimes coverage is automatic, but some insurance companies may charge extra, she says.

If you made expensive purchases while on vacation that are gone with your luggage, you won’t recoup your expenses. Generally, you will be reimbursed only up to $500 for loss of personal property in luggage. If you know you will be making expensive purchases, you should probably have certain items insured separately.

10. Your child’s college dorm

If a thief robs your child’s college dorm, your home insurance policy should have you covered. Most home insurance policies will extend coverage to theft of personal belongings in your child’s dorm. However, coverage does not extend to an off-campus apartment rented by your child; for that you’ll need renter’s insurance. Also, your child must be a full-time student and be considered your dependent for coverage to apply.