Archives for April 2016

Boating Season Has Arrived

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AZ Boating


It’s Boating Season

At the beginning of every summer here in Arizona, our team gets calls from customers after a fun weekend on the water takes a turn for the worse. Often, these accidents could have been prevented with just a few simple precautions. Here are a few tips we like – courtesy of our partners at Safeco.

Don’t let an accident wreck your fun!

 

Life Preservers Aren’t Just for Kids. It’s not enough to just have life jackets on board — wear them! In an accident, people rarely have time to reach for a life jacket. This rule applies to adults, not just children: More people in their 30s die in boating accidents than any other age group. Life vests have come a long way in style. Today, you can even get vests for your water-loving dog!

Watch the Back of the Boat. Carbon monoxide kills in minutes. So tell your passengers where your exhaust pipes are located and turn off your engine when people are in the water, and don’t let passengers “ski” or “teak-surf” by holding on to the back of the boat. Both Washington and Oregon made teak-surfing illegal in the last few years, after several tragic deaths. Carbon monoxide detectors are standard on most new boats; older boats install devices for less than $100.

Alcohol and Boating Don’t Mix. More than 50 percent of drowning’s result from boating incidents involving alcohol. You don’t drink and drive, so don’t boat and drive.

Boats Need TLC Too. When you’re out on the water, make sure your gas tanks are vented and bilges are free of vapors, oil, waste and grease. Carry a charged fire extinguisher. Have your boat’s operating systems checked yearly by a certified marine technician. The Coast Guard Auxiliary and United States Power Squadrons also offer free vessel safety checks.

Experience Counts! The U.S. Coast Guard says that operator errors account for 70 percent of all boating accidents. Make sure anyone who drives your boat is properly trained. You can also earn boat insurance discounts from Safeco and other insurers if you complete a safety course with the Coast Guard Auxiliary or U.S. Power Squadrons.

Sites for Information:
Coast Guard: www.uscgboating.org
Coast Guard Auxiliary: nws.cgaux.org/
Safeco tips: www.safeco.com/insurance-101/consumer-tips/your-boat

Call Matt at (602) 888-1732 or e-mail matt@cityscapeinsurance.com for more info. We also have a list of summer boat safety classes that can save you money!

Short Term Vacation Rentals Are On The Rise & Are You Covered?

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Vacation RentalShort term vacation rentals are on the rise and for many homeowners looking to rent their property they assume their current homeowners insurance policy will cover them in the event of a claim. What they don’t understand is that by renting their home it’s considered a business activity which is an exclusion and grounds for the insurance company to deny these claims.

When it comes to insuring a vacation rental the owners are faced with a daunting task of trying to find an affordable solution without sacrificing coverage. Insurance carriers such as State Farm, Allstate, American Family, Farmers, and many others don’t have a product to accommodate this growing need so homeowners are left to scour the internet for options. This is where it gets a bit tricky, there’s a handful of brokerage markets that offer coverage however they have a lot of sub-limits and very confusing contracts. I first encountered this dilemma last year with a client who has a property in Flagstaff. My first thought was to contact our several of our Excess & Surplus brokerage markets to see what options are available and to get a quote. Once I started receiving quotes back I really spent some time reading the coverage forms and realized the policies were not what I was comfortable proposing to my client. After a bit more research I found a company which blew the door wide open on coverage, in fact they even extend business income coverage for the Property Management in the event of a covered loss, they extend the additional insured to the Property Management, and to top it off they’re extremely competitive on price.

I’ll wrap this up with one piece of advice, really take the time to review the coverage forms used and verify if the carrier has a vacancy clause and/or length of rental requirements. If you find yourself confused or not sure what your reading (some of these contracts can get pretty wordy)  please give us a call and we would be happy to speak with you.

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