Sierra Knight Magee, Author at Knight Magee Insurance

Author Archives: Sierra Knight Magee

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Damage to Property from Riots or Civil Disorders

DAMAGE TO PROPERTY
FROM RIOTS OR CIVIL DISORDERS

People are human beings with so much more uniting us than dividing us. People have human personalities. As Martin Luther King once said: “When we value the human personality, we won't kill anybody.” He also said: “Injustice anywhere is a threat to justice everywhere. I have decided to stick with love; hate is too great a burden to bear.”

Many of our clients are concerned about damage to their property from the recent protests that have led to riots or civil disorders. Unfortunately, sometimes even a harmless gathering can turn into looting, vandalism, and fires leading to thousands of dollars in damage. There are coverages available to protect homes, businesses, and vehicles from most forms of civil commotion. It is automatically part of your personal auto or home insurance and depending on the selections made under your business insurance may also be included.

Auto Insurance:
Damage to cars would be covered under optional comprehensive coverage on your auto policy. Comprehensive provides coverage for damage to your vehicle caused by fire, falling objects, vandalism, or riot. If you do not carry separate glass coverage, damage to your windshield if shattered or cracked also falls under comprehensive.

Homeowners Insurance:
A standard homeowner’s policy will provide coverage for damage to property caused by fire, explosion, vandalism, malicious mischief, and riot or civil commotion. This includes both damage to personal property and damage to the structure.
Additional living expense provides coverage if you cannot live at your home while it undergoes repairs from a covered loss.

Business Insurance:
For those who own and insure their building under a Business Owners Policy (aka BOP), there is coverage for losses caused by fire, riots, civil commotion or vandalism. However, coverage for glass windows is often sold separately.

For those who carry business personal property coverage, business personal property would also be covered, as well as loss of income (aka business interruption) for those forced to suspend operations due to a direct physical loss at the premises.

A “civil authority provision” in a business policy provides coverage for lost income and extra expenses in the event the police or fire department bars access to a specific area as a result of the danger caused by a riot or civil commotion.

Please contact us if you have any questions regarding the coverage or benefits of your policy. We are here to help however we can!


How Much Life Insurance is Enough?

Category : General

How Much Life Insurance is Enough?

Life insurance is a crucial step in planning for your future. Not only can life insurance provide assurance for your family if you are no longer around, there are life insurance policies that offer benefits while you are living.

How much life insurance is right for you?

Based in Richmond, VA, at the Knight Magee Insurance Agency, we understand the life insurance needs of our customers.

The necessity of life insurance depends on your own personal and financial needs. At Knight Magee Insurance we assist and help you determine the type and amount of life insurance that is appropriate for you and your family. Generally, you should consider life insurance if:

  • You have a spouse
  • You have dependent children
  • You have an aging parent or a physically challenged relative who depends on you for support
  • Your retirement savings are not enough to insure your spouse’s future against a rising cost of living
  • You have a sizable estate
  • You own a business

Additional benefits of life insurance other than providing for your loved ones, in case something happens to you include:

  • The cash value earned and borrowed from a permanent life insurance policy can be used to help with large expenses, such as a college education or down payment on a home.
  • The growth of a cash-value policy is tax-deferred — you do not pay taxes on the cash value accumulation until you withdraw funds from the policy.
  • Life insurance can be used to cover funeral expenses and pay estate taxes — consult your tax advisor agent for more information.

The right coverage for you is unique – talk to us today at the Knight Magee Insurance Agency 804-320-0129 and find out how to protect your family and your future with the right life insurance.

 

 


7 Facts About Teachers

Category : General

7 Facts About Teachers that Might Surprise You

“What really makes a teacher is love … for it is love that transforms the social duty of the educator into the higher consciousness of a mission.”

Almost everyone has a story about a teacher who inspired them—the one who made learning fun, ignited a passion for a specific topic, or even pushed students hard to soar beyond expectations.

Those are the teachers we remember; their legacies live on in the professional and personal achievements of those who passed through their classrooms. And they can still inspire, long after the last class.

In honor of Teacher Appreciation Week, which is May 6-10, we thought it would be fun to share a few interesting things we’ve learned about teachers and their dedication—because as any good teacher will tell you, learning is a lifelong journey.

 

  1. There are more than 3 million teachers in the U.S. Public schools have a total of about 3.2 million full-time equivalent teachers, according to federal statistics. Sounds like a lot, until you consider that there are approximately 51 million K-12 students to teach!
  1. The vast majority of teachers are women. The fact that many teachers are women probably isn’t a surprise, but the percentage might be larger than you think: It’s nearly 77%. And more than 54% of principals are women, too.
  1. They probably work more than you realize—and not only in the classroom. We’re all envious of the summer vacations most teachers get, but according to surveys, teachers work an average of 50 hours a week. And they might not have a summer vacation at all: About 30% of them have second jobs.
  1. When they’re not teaching, many teachers are taking classes of their own. Nearly 60% of teachers have a postgraduate degree—in order to advance their careers, additional education usually is required. And unlike training in the corporate world, this is done on the teachers’ own time (and often on their own dime).
  2. They spend their own money in the classroom. When teachers don’t have enough supplies, or they want to provide their students with more, almost all of them (94%) dig into their own pockets. The average cost for teacher-funded supplies? About $500 annually. That’s not pocket change, especially when you consider that teacher salaries average about $55,000 nationally.
  1. Frequently, that support goes way beyond school supplies. More than 65% of teachers in one survey said they had paid for food or covered the cost of field trips for students in need. And 33% have purchased coats, gloves, or other winter clothing for kids in their classes. Clearly, they’re dedicated to more than just education—they want to ensure the well-being of their students.
  1. The best gift isn’t a red apple. Despite the classic image of an apple on the desk at the front of the room, teachers say there are better ways to show your appreciation. Try a gift card for a coffee shop, or to an office-supply store to help with their classroom expenses. If you’re one of the 88% of people who say a teacher has had a significant positive impact on your life, though, the most meaningful thing of all might simply be a heartfelt note saying, “Thank you for doing what you do.”

 

 

 

 

 


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