Sunday, October 13, 2019

Three items on area business for Oct. 12, 2019 - The Patriot Ledger

Three items on area business for Oct. 12, 2019 - The Patriot Ledger


Three items on area business for Oct. 12, 2019 - The Patriot Ledger

Posted: 12 Oct 2019 12:01 AM PDT

Send news about your local business to MWBusiness@wickedlocal.com. We're interested in news about business people, expansions, openings and community involvement by MetroWest businesses and business people. Follow Daily News Business Editor Bob Tremblay on Twitter @Bob Tremblay_MW.

Coats for Kids seeking Waltham businesses

Waltham businesses are needed for a fall community drive to help thousands of adults, children and infants who will go without a warm winter coat this winter. Celebrating 25 years of caring as New England's largest coat drive, Coats for Kids is seeking Waltham companies, nonprofits and community organizations to join its collection partners and distribution network for the 25th annual Coats for Kids Drive. Sponsored by Anton's Cleaners, Jordan's Furniture and Enterprise Bank, the drive will kick off Oct. 14 and run through Jan. 12, 2020. In 2018, the organization reached its goal of collecting and distributing 1 million coats since the program began in 1995. Coats for Kids accepts warm winter coats that are gently used, good quality and all sizes, especially XL and infant/pre-K sizes. The drive does not accept coats with rips, tears, broken zippers or permanent stains. Sweatshirts, vests and spring coats are not accepted. Coats are accepted at all 42 Anton's Cleaners, six Jordan's Furniture stores and 23 Enterprise Bank branches. For more information, call 978-851-3721, ext. 15, or Stephanie@antons.com. To register a school or company online to participate or donate, or for more information, visit www.caringpartnersinc.org.

MutualOne Bank's Charitable Foundation awards $2.5K to expand program

The MutualOne Charitable Foundation awarded $2,500 to Jeff's Place Children's Bereavement Center in Framingham. The grant will support an additional Kid's Club session focused on children between the ages of 3 and 7 who have experienced a traumatic loss in their lives. In 2018, Jeff's Place added a second Kid's Club session in part thanks to support from the MutualOne Charitable Foundation, according to Executive Director David Sternburg. "This demographic remains our fastest-growing segment," Sternburg said. "We need the third group session to serve families with younger children who are currently on our wait list." The $2,500 grant supporting Jeff's Place was among awards totaling $38,000 in the foundation's most recent round of funding. Established in 1998 as the philanthropic arm of MutualOne Bank, the MutualOne Charitable Foundation has since donated over $4.5 million to charitable, educational and civic initiatives.

Paul Davis of Worcester County opens new office in Shrewsbury

Worcester County area property owners have local experts in emergency services with the opening of Paul Davis of Worcester County. The company has headquarters at 547 Hartford Turnpike, Shrewsbury. The franchise office supports the successful and growing region with a staff of six restoration professionals and a new office with administrative and warehouse space, and showroom with kitchen, bathroom, flooring and tile options, to name a few, according to Todd Newville, who owns the business with his wife and business partner Karen Newville. "We are honored to serve customers in Worcester County and the surrounding areas. The support we've received from the community and positive comments from our customers is a privilege and inspiration," said Todd. Paul Davis provides professional residential and commercial emergency recovery, repairs and reconstruction services for disasters and jobs of all sizes. From water and flood damage, fire damage and mold remediation, to a variety of remodeling services, Paul Davis professionals are available 24/7 to clean up and repair damage to properties with water extraction, applied structural drying, fire and smoke clean up, odor remediation, mold remediation and removal, tarping of roofs, house goods and textile cleaning, among others. For more information, visit https://worcester.pauldavis.com.

What Is Homeowners Insurance? - Motley Fool

Posted: 12 Oct 2019 10:45 AM PDT

Choosing a homeowners insurance policy

When buying homeowners insurance, you'll want to get enough coverage to rebuild your home and replace its contents if it's completely destroyed.

If it would cost you $300,000 to rebuild your home and another $100,000 to replace items of value, you'd aim for a $400,000 policy. This is a very simplified means of calculating your coverage amount. The point is to give you a general sense of how much coverage you need.

You'll also need to figure out what deductible makes the most sense for you. Most claims against your homeowners insurance policy will be subject to a deductible.

If you have a $750 deductible and are awarded $2,000 from a claim, you'll get a $1,250 check from your insurer. The higher the deductible, the lower your monthly or annual premium. You'll need to decide: Do you want to pay more money off the bat or pay less for coverage but get smaller checks if you make a claim?

How insurance companies determine their rates

It pays to shop around for the most affordable homeowners insurance policy you can get. When calculating rates, insurers will generally account for

  • the size and age of your home,
  • the location of your home,
  • the cost of rebuilding your home,
  • potential safety hazards on your property (like a swimming pool), and
  • protective measures for your home (like an alarm system).

If you own a vehicle as well as a home, it pays to ask your auto insurance company for a quote on a homeowners policy. Sometimes, you'll save money by buying two policies from the same insurer.

Do I really need homeowners insurance?

Unlike auto insurance, which is required by law, you technically don't have to purchase homeowners insurance. But good luck getting a mortgage without it.

Most lenders want proof of coverage before agreeing to a home loan. Furthermore, by not having homeowners insurance, you'll face significant financial losses if your property sustains damage. That's not a risk worth taking.

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