Bensman Risk Management, Inc.


Insurable Interests

Bensman Risk Management, Inc.
2333 Waukegan Road Suite 275
Bannockburn, IL 60015
847-572-0800 Phone
847-572-0502 Fax

Insurable Interests may offer general financial, insurance, tax and business ideas. However, due to the ever-changing tax laws as well as the complexity of the financial industry, you should seek professional advice before implementing any of the ideas contained in this newsletter. The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C. assumes no liability whatsoever in connection with the use of this newsletter.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS). Kestra IS and Kestra AS are not affiliated with The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C.

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Insurable Interests

Vol. 2, Issue 6February 2007

MONTHLY MESSAGE

Bling! Now's A Good Time To Size Up Risk Exposures

If you gave or received a gift of jewelry for Valentine’s Day, now is the time to protect your “bling.” Jewelry valued at $1,000 or more may need to be scheduled as a new item on your homeowner’s insurance policy.

While you’re at it, you might want to take inventory of any other valuable items that you have purchased or received as gifts in recent months.

Amid the hustle and bustle of everyday life, it’s easy to forget to insure new personal possessions against damage or theft, or to delay taking such action.

It’s also easy to overlook increased risk exposures created by the addition of possessions, such as vehicles, boats, horses, swimming pools, jet skis or back-yard trampolines.

Could you be exposed to liability if someone is injured using one of these possessions? When answering this question, make sure you take into account the use of such possessions not only by you and your family, but also by friends of your family and others.

Your assessment of risk exposures doesn’t need to stop with an inventory of new possessions.

How about your house? Has it appreciated in value? If so, have you updated your homeowner’s coverage accordingly? If a fire, flood or tornado destroys your home and possessions, will you be able to recoup their full value and to afford temporary housing while you rebuild?

Make sure to examine your lifestyle activities and hobbies, too. Pursuits such as skiing, rock climbing, riding motorcycles and sailing create risk exposures that often are overlooked. Collectibles also need to be protected but frequently are uninsured or insured inadequately.

Sizing up your risk exposures and developing strategies for addressing them are important steps toward avoiding significant financial losses due to unforeseen events, and giving or getting Valentine’s bling is as good a reason as any for doing so.

The Bensman Group can help you make sure your assets are protected. If you have any questions about insuring new possessions, or if you want to find out more about a personal risk management audit, please contact me at (847) 572-0820 or dmiller@bensman.com.

Dave Miller

Please use the following link Bensman Group Referrals to contact us with the names of specific individuals that would appreciate an introduction to our firm.

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