 3x TIMES the MONEY that CALFEE raises will go to 'ONE FUND' So here's the scoop- The Arthur D. Calfee Insurance Agency, Inc. is proud to join the business community to support those most affected by the tragic events at the Boston Marathon. The Arthur D. Calfee Insurance Agency, with offices located in the Homeport Office Complex at 336 Gifford Street in Falmouth and across the street of the North Falmouth Ball Field at 121 County Road will be raising money for the Boston Strong - 'One Fund.' From now, April 29th to June 1st, 2013, the Arthur D. Calfee Insurance Agency will be raising 'One Fund' to turn in to 'One' large supporter who has agreed to match 3x TIMES the amount raised by Calfee Insurance, meaning they will match donations on a $3 to $1 basis up to $1,000 in total from the supporter. Massachusetts Governor Deval Patrick and Boston Mayor Tom Menino have announced the formation of ' The One Fund Boston, Inc.' to help the people most affected by the tragic events that occurred in Boston on April 15, 2013. AP | By LINDSEY TANNER Cost of amputating a leg? At least $20,000. Cost of an artificial leg? More than $50,000 for the most high-tech models. Cost of an amputee's rehab? Often tens of thousands of dollars more. These are just a fraction of the medical expenses victims of the Boston Marathon bombing will face. The mammoth price tag is probably not what patients are focusing on as they begin the long healing process. But friends and strangers are already setting up fundraisers and online crowd-funding sites, and a huge Boston city fund has already collected more than $23 million in individual and corporate donations. No one knows yet if those donations – plus health insurance, hospital charity funds and other sources – will be enough to cover the bills. Few will even hazard a guess as to what the total medical bill will be for a tragedy that killed three people and wounded more than 260. At least 15 people lost limbs, and other wounds include head injuries and tissue torn apart by shrapnel. Please visit www.CalfeeInsurance.com for more details.
 Wind deductibles from $500 - $2,500
Special Tree Removal Protection
Ultra Coverage Program
Ways to Save on Personal Automobile Insurance- New to Arbella? You may be able to save 7%. If you qualify, our Arbella Advantage discount will give you additional savings.
- Student away? That's 10 percent less you pay! You can cut costs on certain coverages when a household driver with less than 6 years driving experience resides at a college or another accredited educational institution more than 100 miles from where the car is garaged.
- Energy-saving hybrids or electrics save 10 percent. If you have a hybrid that runs on two or more power sources or an electric-only vehicle, you can drive down costs for certain coverages.
- Multiple vehicles save 5 percent. Lower your premium 5 percent on certain coverages when you insure more than one auto with Arbella. Insure more than one auto on the same policy and you may save an additional 2 percent on certain coverages - and get the ease of one invoice!
- Account Credit discount earns up to 10 percent off. Now you may be eligible for savings up to 10 percent off your total premium if you have other personal insurance with Arbella and 5 percent if your personal insurance is with another approved company.
- Renew and save with our auto loyalty discount. You may be eligible to earn an additional discount off your total auto insurance premium every year you renew with Arbella.
- Advanced Driver Training earns 5 percent off. New and inexperienced drivers successfully completing both the basic driver training course and the In Control Advanced Driver Training Program, the Driven School of Advanced Driver Training Program or the Stevens Advanced Driver Training Program gain life-saving skills on the road - and a 5 percent discount off certain coverages on their yearly auto insurance premium.
To find out more about In Control, visit their Web site at www.incontroladt.com or call 1-888-301-Safe (7233).
To find out more about Stevens Advanced Driver Training, visit their Web site at www.skidschool.us or call 603-296-4094.
To find out more about Driven School of Advanced Driver Training, visit their Web site at www.driversafetytrainingschool.com or call 413-667-4365.
- Anti-theft devices save up to 36 percent. Arbella will discount your auto comprehensive coverage insurance premium as much as 36 percent, depending on the anti-theft device in place.
- Passive restraints cut costs. If your car is equipped with an air bag or automatic seat belts, you can pay less on your Arbella auto insurance.
- If you drive less, pay less. We have expanded our low mileage discount by adding an additional category to allow more drivers to qualify for a discount. Now with Arbella's Annual Mileage Discount, you may be eligible to save on certain coverages if your annual mileage is less than 10,000 miles a year.
 By Todd Wallack | BOSTON GLOBE STAFF JANUARY 28, 2013 Competition in the state’s car insurance market has yielded an unexpected benefit: Thousands of residents who once had to buy expensive home coverage from the Massachusetts FAIR Plan are increasingly able to find policies through other insurers, saving them hundreds of dollars a year on premiums. The FAIR Plan, known as the insurer of last resort, provides home insurance in high-risk areas, including neighborhoods that have high crime rates or sit perilously close to the ocean. Home insurance companies have traditionally been reluctant to do business in such locations. But since the state gave insurers more freedom to set their own auto insurance rates, starting in 2008 — something it calls “managed competition” — 13 more auto insurance companies have set up shop in Massachusetts, with most also selling homeowners policies or partnering with firms that do. Over that time, the FAIR Plan lost nearly 27,000 homeowners insurance customers, or 16 percent of its base, an exodus few in the industry predicted.
“It is all driven by this shift in the competitive marketplace,” said Robert Tommasino, general counsel for the Massachusetts Property Insurance Underwriting Association, better known as the FAIR Plan.
Some insurers, including Narragansett Bay Insurance Co., also decided the escalating prices of premiums for coastal properties made it worth their while to start selling policies in those locations. Their strategy has been to undercut the FAIR Plan rates while still charging enough to turn a profit.
Bob Inello, whose waterfront home in Nahant is exposed to the wrath of storms, said he was forced to buy Fair Plan coverage for more than a decade. But three years ago, Inello said, his agent said he could switch to Narragansett, cutting his bill by $570 a year — more than 20 percent.
“I don’t feel like I am being held hostage anymore,” Inello said. “It’s very liberating.”
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800-882-0180News & Events ***IMPORTANT NEWS*** UPC Insurance will activate its emergency Hotline effective 08:00AM EST on 10/29/12 to assist you in reporting any claims that have occurred as a result of Hurricane Sandy. For the latest information from the National Hurricane Center, click here.
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By Randy Troutman On October 10, 2012
When discussing insured value and how a boat insurance policy will pay, most people think about a total loss. This is important but the majority of claims are partial losses. Depending on how your policy responds, you could pay several thousand dollars above your deductible.
A boat insurance policy has two different ways to pay in the event of a partial loss. One is to replace the damaged items without deducting for depreciation. The second is to depreciate the damaged items.
Depreciated Value is defined as Replacement Cost less depreciation. Most boat insurance companies use a non-published depreciation schedule that applies to partial losses. For example, the depreciation on a stern drive might be 7% per year, whereas the annual depreciation on canvas might be 15%.
Each insurance company will apply Replacement Cost and Depreciated Value differently. Some boat insurance companies do not provide replacement cost coverage for partial losses. If the boat is insured on this policy form, then no matter the type of loss, the replacement parts are subject to depreciation. If the part costs $2,000 and is subject to 20% depreciation, you would be paid $2,000, less $400 depreciation, less your deductible.
Most boat insurance companies provide replacement cost for partial losses until the boat (or items) reaches a certain age. The age will vary with each insurance company. Once a boat or item reaches that age, all partial losses are settled on an actual cash value basis.
The boat insurance companies that provide replacement cost for partial losses usually name specific items that are subject to depreciation regardless of the age. Canvas, sails, cloth, trailers and plastics are examples of specifically named items. These items generally have a limited life span. They also name specific items that are subject to depreciation based on the item’s age. Outboards, stern drives and internal machinery are examples of items that change from replacement cost to depreciated value when they reach a certain age. Most insurance companies go by the age of the item to deduct depreciation. However, each insurance company has different specifically-named items and different ages which determine whether those items will be on replacement cost or depreciated value.
It’s helpful to know that most companies will apply a reduced depreciation if you agree to replace with a remanufactured unit. A stern drive is a good example of an item that can be replaced with a remanufactured unit. This can save thousands of dollars in depreciation.
Replacement Cost for a partial loss is what you want when available. A depreciated value can cost you several thousand dollars. United Marine Underwriters represents several boat insurance companies and we will be glad to discuss how they apply depreciation.
Below are two examples to help explain how replacement cost vs. depreciated value work.
Example 1 is an 8 year old stern drive boat with a $500 hull deductible that hits a submerged object. The replacement cost to the stern drive is $8000.
Insurance company A provides replacement cost coverage until the stern drive is six years old. They will apply 60% depreciation (7.5% per year) to the $8000 replacement drive and then apply the $500 deductible. Insurance company A will pay $2700 ($8,000 less $4,800 depreciation, less $500 hull deductible).
Insurance company B provides replacement cost coverage until the stern drive is 10 years of age. They will pay $7500 ($8000 less the $500 hull deductible).
Example 2 is a boat with a $500 hull deductible that suffers wind damage to the fly bridge enclosure. The fly bridge enclosure is 2 years old and the replacement cost is $5000.
Insurance company A provides replacement cost until the fly bridge enclosure is three years old. They will pay $4,500 ($5,000 less the $500 hull deductible).
Insurance company B provides replacement cost but specifically names canvas as a depreciated item. Insurance company B will apply 20 percent depreciation to the replacement cost. They will pay $3,500 ($5000 replacement cost, less $1,000 depreciation, less the $500 hull deductible).
 The risk of catastrophic loss during hurricane season requires an innovative approach to property coverage—and a rapid response when losses occur. For over 40 years, Lexington Insurance Company has helped our brokers and clients prepare for, protect against, and recover from catastrophic losses. We are the leading U.S.-based surplus lines insurer, and a property and casualty market leader. Make sure you’re a step ahead of risk this hurricane season. Watch LexTV for the latest on hurricane risk and coverage solutions. Hurricane 2012 Update Dr. Phil Klotzbach updates his 2012 seasonal hurricane forecast and shares his outlook for the remainder of the season. This episode also introduces Lexington's new Hurricane Infographic which will help streamline the understanding of a hurricane event.
All interests from Louisiana to Mississippi, Alabama and the Florida Panhandle should rush preparations to completion.
 If peak storm surge occurs at high tide, peak water levels above ground could reach the following depths as Isaac moves by: - Southeast Louisiana, Miss., Ala. coasts: 6-12 feet - South-central Louisiana: 3-6 feet - Florida Panhandle: 3-6 feet - Florida west coast from Apalachicola to south of Naples: 1-3 feet Even as Isaac's center of circulation moves by, locally heavy rainbands can be expected. Another 1-3" of rain is possible in central and south Florida with locally higher amounts. Isolated storm total rainfalls of 15" are possible in central and South Florida. Rainfall amounts over 10" are likely as Isaac slows down immediately prior to, and after landfall, in southeast Louisiana, southern Alabama, Mississippi and the western Florida Panhandle. Isolated 20" amounts are possible. Hurricane threat index, current information, satellite imagery, watches/warnings and computer model track graphics are below. ( TRACK ISAAC: Interactive hurricane tracker) View more expert analysis from Senior Meteorologist Stu Ostro at our Tropical Update article. You can find a detailed look at the Gulf Coast storm surge, wind and flooding threats by clicking on this link and you can ensure you know which friends may be in harms way through our My Friends Weather tool. ( MORE: Live updates and analysis on Isaac)
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