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

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. But don't assume that's all you should address. READ MORE...

Doing Good with Your Money
Whatever your social interests -- the environment, peace, pro-choice or pro-life -- you can advance those causes through your investments. Socially responsible investing is a multi-trillion-dollar industry in the United States, and you might not have to sacrifice good returns when you put your money where your heart is. READ MORE...

Luxury Travel to Exotic Places
It used to be that travel to the world's more-remote wonders was not for the faint of heart. Unique destinations were often hard to get to and uncomfortable once you got there. But no more. Selective travel companies understand both luxury travel and the value of conserving exotic beauty. READ MORE...

Exercise Your Way to Better Mental Health
The beneficial effects of exercise on your physical health are well-documented. But working out can help you maintain good mental health as well. In fact, some studies suggest, it may even help combat depression. READ MORE...

Protect Your Home From Frozen Pipes

The Bensman Group this winter has handled several claims related to frozen pipes that burst and caused water damage. Most of these claims could have been minimized if homeowners had learned earlier of the leak.

One way to ensure early notification is to add wireless water/moisture sensors to an existing central-station alarm system. These sensors are placed in areas where leaks are likely to occur, such as behind a refrigerator or dishwasher, under a sink or near a sump pump. When a sensor detects moisture, it automatically sends a signal to the alarm company, which then notifies the homeowner. These sensors cost about $300 apiece, including installation, plus about $5 per month for a monitoring fee.

Another alternative is a water sensor that sends a wireless signal to an alarm dialer when water is detected. The dialer automatically will call multiple phone numbers to report a leak. An Internet search shows this type of system can be purchased for about $125.00. Water-detection devices that sound an alarm only in your home are available for as little as $12.

Even if you install a water-detection system in your home, the best approach to avoiding water damage from frozen pipes is to take simple precautions, such as always keeping the heat on, with a minimum temperature of 55 degrees; insulating water pipes, meters and faucets in unheated areas; turning off outside faucets and disconnecting hoses; opening cabinets along outside walls so warm air circulates around pipes; and filling any holes or cracks in walls, windows or doors that are close to pipes. For a complete list of precautions, contact your plumber or your city's water department.

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