EDISON BLOG

Archive: April 2017

Cool Ways to Save Energy at Home


 
Looking for ways to cut down on your electric bill? Sometimes, we don’t even realize how much electricity we are using in our homes. Following these simple energy saving tips is a sure-fire way to ensure you see a difference in the bill next month:
 
  • Replace your most-used light fixtures with energy saving bulbs.
 
  • Use timers to ensure lights are turned off during the day.
 
  • Use light colored lamp shades to reflect more light, reducing the need to turn on more lights.
 
  • Use motion detector lights for outdoor lighting to save energy.
 
  • Plug electronics into a power strip and turn the strip off when not in use.
 
  • Use a laptop instead of a computer; they use less energy than desktops.
 
  • Unplug battery chargers when fully charged. Most of them continue to draw power even when the device is unplugged.
 
  • Close the shades on the side of the house which gets the most sunlight. The more sunlight enters your home, the longer the A/C will run.
 
  • Wash and dry several large loads of laundry at once, so your dryer doesn’t have to re heat all over again for the next use.
 
  • Keep your freezer full. It uses less energy than an empty one.
 
  • Repair refrigerator door seals if you feel cold air around the closed door or you see moisture collecting.
 
Once you get the hang of it, you’ll come to realize how easy it is to cut electric costs. It may even inspire you to do more. It’s all about breaking bad habits and instilling better ones.


Thank you for visiting our blog. Hopefully, you came away with some great home insurance and safety tips. Edison Insurance Company’s mission is to provide quality coverage at competitive rates while providing exceptional service.  For more information, or to get a quote, please call (866) 568-8922.

Always Have a Plan: Flood Emergency Preparedness


 

Emergencies can strike at any given moment, which is why they’re called emergencies. By having a solid plan, you can ensure the safety of yourself and your entire family, no matter what comes your way. Here are some questions to ask yourself:
 
Do I have an exit strategy?
Preparedness begins with the entire family. Set aside some time to sit down and have a conversation to make sure everyone is on the same page. In the event of a flood, how will everyone get out both quickly and safely? Be sure everyone in the household knows to avoid any water six inches or deeper since this amount is enough to knock a small child over or sweep an adult off his/her feet.
 
Do I have an emergency contact?
Give someone you can trust access to personal information, such as a list of medications for the family, insurance policy numbers, phone numbers, documents, etc. This could be a close friend or family member. You should also designate someone to watch over your children or pets in the event of an emergency. When dealing with the aftermath, you know they are safe and cared for.
 
Do I know my exits?
Everyone should be aware of every possible exit in the home, including doors and windows. Speak to your younger children about the safest ways to exit and how to calmly do so. It is also a good time to let them know breaking a window or cutting a screen is acceptable in an emergency. However, you should show them the safest ways to perform these actions and make sure they can differentiate an emergency vs. non-emergency.
 
Do I know exactly what I have?
Documenting your possessions is the best way to ensure your insurance will be able to cover everything. You should take photos and keep a proper inventory of everything, as well as knowing their worth. This is also something you can keep with your emergency contact, or place in a waterproof safety deposit box which can be retrieved during or after flooding.
 
During a flash flood, water levels can rise drastically, and there will be little time to think. Therefore, it is important to be 100% prepared, no matter what. 

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Thank you for visiting our blog. Hopefully, you came away with some great home insurance and safety tips. Edison Insurance Company’s mission is to provide quality coverage at competitive rates while providing exceptional service.  For more information on Florida home insurance or to get a quote, please call (866) 568-8922.

Is your home at risk for flooding?


 
Flooding is one of the most common natural disasters in the United States and one of Florida’s most frequent hazards. There are several reasons why flooding can occur, such as heavy rainfall, storm surge, or river overflow. Depending on your home’s location, it can be at a higher or lower risk for flooding. However, you do not have to live in a high-risk flood zone to experience costly damages from floods. Every home has some level of risk for flood damage, and per the NFIP, roughly 25% of their flood insurance claims paid in 2015, were for policies located in low-risk areas. Just an inch of flood water can cause thousands of dollars in damage to your home. For these reason, regardless of your home’s risk level, it is imperative to purchase flood insurance.

Edison Insurance Company offers a certified flood enforcement which provides the flood protection policyholders need. Edison offers a broad variety of flood coverage options not currently offered through the NFIP, or with other private carriers. For more information on how to obtain flood coverage with Edison Insurance Company, please speak with your agent.
As a homeowner, it is crucial for you to understand your home’s flood risk to ensure you are properly covered. For more information on flood risks, click here.
 
Thank you for visiting our blog. Hopefully, you came away with some great home insurance and safety tips. Edison Insurance Company’s mission is to provide quality coverage at competitive rates while providing exceptional service.  For more information on Florida homeowners insurance or to get a quote, please call (866) 568-8922.

Understanding Flood Insurance


 
One of the best ways to learn is to follow by example. The photo below is a home affected by a disastrous flood. As you can see, a majority of the home is destroyed, and will require major repair in order for the homeowners to live here again. Now, imagine if this was your home, and you found out none of this damage was going to be covered by insurance. First-time homeowners usually assume homeowners insurance covers everything. Here are some common questions people would ask when found in this situation:
 
 
 
“I have homeowners insurance. The flood happened in my home, so why isn’t it covered?”
  • A typical homeowners insurance policy does not include flood coverage. In the aftermath of Hurricane Katrina in 2005, this fact gained publicity when thousands of homeowners submitted claims to their insurance providers and learned the damage would not be covered because it had been caused by a flood. The debate back then was, the damage was caused by wind and not water.
 
  • An easy rule to remember is, flood is damage from the floor, up and wind is damage from the roof, down. It is important to speak to your agent about your coverage to make sure you have everything you could possibly need.
 
“Is water damage covered at all?”
  • In terms of insurance, the definition of flood is rising water. Any damage caused by rising water will require its own flood insurance. Damage caused by broken pipes or overflow would more than likely be covered by homeowners insurance, but not because of a natural disaster.


As a homeowner, it is important to know what is covered under your policy and what isn’t. Standard homeowners and renter’s insurance does not cover flood damage. Flood coverage, however, is available in the form of a separate policy from Edison Insurance Company. 


Edison Insurance Company’s mission is to provide quality coverage at competitive rates while providing exceptional service.  For more information on Flood Insurance, or to get a quote, please call (866) 568-8922.

 

Financial Literacy Month


 
April is Financial Literacy Month, a perfect opportunity to educate ourselves about personal finances and how to make informed and effective financial decisions, especially when applying for a mortgage, taking out a student loan, or making credit card purchases. By understanding the value of money, how it is earned, how it should be managed, invested, and even donated, we are more likely to make the best choices with our money. Per Money Management International (MMI), many people experience financial difficulties, which significantly impact their everyday lives. Thirty percent of consumers are living paycheck to paycheck, with no extra cash to count on for unforeseen expenses. Any financial decisions - good or bad - can have a long-lasting effect on our lives, and the impact of overspending can adversely affect our financial future. 

Establishing and maintaining healthy financial habits is extremely important, and it's a good idea to teach kids money management skills early. As adults, we make important financial decisions every day and we need to understand how to effectively manage our money: 
 
  • Plan your finances and budget accordingly.
 
  • Manage your cash and credit cards wisely to keep your debt under control.
 
  • Make knowledgeable consumer decisions. Research prior to making major purchases.
 
  • Have adequate health, life, property, and liability insurance.
 
  • Make wise investments. Know the difference between a want and a need.
 
  • Make investment decisions based on your financial goals.
 
  • Live within your means and plan for retirement. 
 
The first step in taking ownership of your financial future is to evaluate your current financial situation and establish realistic, achievable financial goals to accomplish a debt-free future. Weigh your options and make informed choices; whether to buy or rent a house, purchase a new or used car, and if you will have enough saved to live comfortably during retirement. Cut back on your monthly expenses and put the extra money in your savings. If you are currently in debt, you many find 21 Habits for Getting Out of Debt very helpful. In addition to these financial calculators, there are many free resources available online to assist in your decision making as you embark on the road to financial success. 
 
 
Keeping your family and home safe and protected is Edison Home Insurance Company’s number one priority. We have taken a bright and innovative approach to FL homeowners insurance with coverage options allowing you to customize a policy to best fit your needs. To learn more about Edison Insurance Company, or to get a personalized quote, call us at (866) 568-8922.
 

Preparing for a Flood

 

 
Spring has arrived, bringing heavy rains and increasing our risk for flooding. Floods can occur at anytime and anywhere, are the most common natural disaster in the United States. Here are a few tips to protect you, your family, and home in the event of a flood:

Create an evacuation plan: Having an evacuation plan in place prior to a flood can help prevent property damage and ensure the safety of you and your family. It is important to review the plan frequently with every family member, and to make sure each room in your home has a working exit in case of an emergency. Additionally, it is imperative your family members know not to enter flooded areas on foot, or by vehicle.

Protect your property: Securing your possessions before a flood occurs can significantly reduce damages and expenses afterwards. Always keep valuables and important documents in a sealed waterproof container. If time permits, elevate furniture and electrical equipment to avoid damage.

Stay informed: The National Weather Service (NWS), along with the National Oceanic and Atmospheric Administration (NOAA), issue flood alerts and warnings when weather conditions are more likely to produce floods in your area.

Purchase Flood Insurance: Every home is at risk for flooding and flood damage, and many homeowners are not financially prepared for the expenses flood damage can cause. Edison Insurance Company offers flood insurance at competitive rates. Speak with your agent, to learn more about obtaining flood insurance with Edison Insurance Company.
For more information on preparing for a flood, click here.
 

Thank you for visiting our blog. Hopefully, you came away with some great home insurance and safety tips. Edison Insurance Company’s mission is to provide quality coverage at competitive rates while providing exceptional service.  For more information on Florida homeowners or condo insurance, please call (866) 568-8922, or visit our website