The Sentinel: Insurance

Protecting your valuable works of art when you move, here is how

Cottonbro Studio

SNS - Transporting artwork can feel daunting, especially when it holds significant emotional and financial value. You want to ensure that your cherished pieces arrive at their destination in Illinois without a scratch. This guide will explore expert ways to transport valuable artwork safely. With the right approach, you can protect your investments and preserve the beauty of your art. Let’s dive into practical tips that make the process easier and more secure.

Assess the Artwork’s Condition

Before packing for your move to Illinois, take time to assess your artwork’s current condition to avoid surprises later. Start by thoroughly inspecting the surface for any scratches, cracks, or fading, especially if the piece includes fragile materials like glass. Take detailed photos from multiple angles, documenting any existing damage for reference, which can also be useful for insurance claims if needed. Don’t forget to measure the dimensions and weight of each piece—this is critical for selecting the right packaging and planning safe transport. Consider whether the artwork requires special handling if it is especially delicate or oversized. This careful assessment ensures you have a clear record of the artwork’s condition, providing peace of mind before it leaves your care.

Plan Your Transport Method

When moving, choosing the right transport method to keep your artwork safe is important. Using your vehicle can be effective for shorter trips if you secure the artwork and keep it within sight. However, for longer distances, like moving from Union County, NJ to Illinois, or for more delicate pieces, it’s better to rely on trusted relocation experts. These professionals have the experience necessary to handle fragile items with care. If you use a general moving company, ensure they have a solid track record of safely transporting artwork. Researching and asking questions will help you find the right experts to protect your valuable pieces.

Transport Valuable Artwork Safely with the Right Packaging Materials

Regarding packaging, selecting the right materials is essential for protecting your artwork and ensuring you can transport valuable artwork safely. Start with acid-free materials to prevent any long-term damage, especially for paintings or prints. Custom-built crates offer the best protection for highly valuable or delicate pieces, as they are designed to fit the artwork perfectly. You’ll also need plenty of padding—bubble wrap, foam, or soft blankets work well for cushioning the artwork and preventing it from shifting during transport. For framed art, consider using corner protectors to guard against bumps and chips. Always wrap your artwork carefully, but avoid making it too tight, which can create unnecessary pressure. With the right materials, you’ll greatly reduce the chances of damage while your artwork is in transit.

Protect your investment by packing your artwork with the right packing materials. Pay attention to corners and edges, making sure they are properly protected from damage.

Photo:Ekaterina Nikitina/Pexels

Secure the Artwork Properly

After selecting the right packaging materials, properly securing your artwork is critical to prevent damage during transport. Begin by wrapping the piece carefully, paying special attention to fragile areas like the edges and corners. If the artwork is framed with glass, remove it if possible, as it can easily shatter; otherwise, tape the glass to reduce breakage risk. Use corner protectors to guard against chips, and add layers of padding such as bubble wrap, foam, or soft cloth to cushion the piece without creating too much pressure. If packing multiple pieces, insert separators to avoid them touching. Lastly, ensure the artwork is tightly fastened in its crate or box to prevent shifting during transit.

Prepare for Unforeseen Situations

Even with careful planning, unexpected issues can still arise during transport, so it’s important to be prepared. Start by packing an emergency kit with extra supplies like padding, tape, and gloves for handling. If you're driving, ensure you have basic tools on hand to re-secure the artwork if necessary. Keep a list of important contacts, such as your insurance provider or an art restoration expert, in case of any damage.

It’s also smart to check the weather forecast beforehand, as extreme temperatures or humidity can affect the artwork. Consider postponing the trip or using a climate-controlled vehicle if bad weather is likely. Being ready for unforeseen situations can help ensure a stress-free move to Illinois and keep everything running smoothly.

Remember to prepare for unforeseen situations and invest in insurance to protect your investment.

Insure Your Artwork

Before transporting valuable artwork, having the right insurance in place is important. Art insurance protects your piece from damage, theft, or loss during transport. Start with your insurance provider to understand your options and ensure your current policy covers transit. You may need to purchase additional coverage if the value of your artwork is high or if the journey is particularly long. Document the artwork thoroughly with photos and keep records of its value if you need to file a claim. Some professional transport companies offer insurance as part of their service, but reviewing the terms ensures they cover everything you need. Having the right coverage will provide peace of mind and protect your investment during the move.

Unloading and Displaying the Artwork

Once you arrive at your destination, it's time to unload and display your artwork carefully. Begin by having a clear plan for where each piece will go. Avoid direct sunlight during the unpacking process, as exposure can damage artwork. As you carefully remove the packaging, take a moment to inspect the artwork again for any signs of damage that may have occurred during transport.

If everything looks good, follow your pre-planned layout for displaying the piece, ensuring it is securely positioned and not at risk of falling or getting bumped. Consider using wall mounts or display cases for valuable items for added protection. These steps will help you set up your artwork safely, allowing you to enjoy your collection without worry.

Transporting valuable artwork doesn’t have to be stressful if you take the right precautions. You can greatly reduce the risk of damage by following the steps outlined—assessing the artwork’s condition, choosing appropriate packaging materials, securing the pieces properly, and planning your transport method.

Remember to prepare for unforeseen situations and invest in insurance to protect your investment. Finally, when you arrive, handle the unloading and display process carefully. By prioritizing these expert ways to transport valuable artwork safely, you can ensure that your cherished pieces remain in excellent condition, ready to be admired for years.

Money Matters |
5 ways to prepare for out-of-pocket healthcare costs

BPT - According to McKinsey & Co., 82% of U.S. consumers consider wellness a top priority, with more than half saying they prioritize it more than they did a year ago. However, rising healthcare costs pose significant challenges to consumers, and an unpredictable healthcare payment landscape can leave them with substantial out-of-pocket expenses.

These expenses can force people to forgo the care they want or need, leading to poorer health outcomes.

Photo: PEXELS/Pixabay

Given these realities, it's important to consider the following steps to inform financial decisions about potential out-of-pocket health and wellness costs.

1. Research the cost of your procedures or services in advance. Many websites provide estimated costs of various procedures by region or provider. You can also get estimates by calling your insurance company or the provider directly in advance of your appointment

2. Check if you qualify for subsidized coverage or financial assistance. People with incomes below certain levels may be eligible for health coverage at reduced or no cost. Hospitals may offer free or discounted care, known as charity care, to people not able to pay.

3. Confirm with your provider and insurance company that you are maximizing health plan coverage. Take advantage of your annual benefits, including getting recommended preventive screenings and visiting in-network providers that usually cost less than those who are out-of-network.

4. Enroll in an employer-based program that uses pre-tax dollars. Flexible Spending Accounts (FSA) and Healthcare Spending Accounts (HSA) allow employees to set aside money from their pay for qualified medical expenses.

5. Consider promotional financing options. Health and wellness credit cards, such as CareCredit, that offer deferred interest financing, enable you to pay for care over time with the opportunity to avoid interest charges, making out-of-pocket costs more manageable. Here are a few things about deferred interest financing to consider:

Deferred interest: No interest is assessed if the balance is paid in full by the end of the promotional period.
How deferred interest promotional financing works. Deferred interest financing allows consumers to avoid interest charges on larger expenses if they are paid off before the promotional period ends. If you don't pay off the full balance before the promotional period ends, you will have to pay interest that has accrued as of the transaction date.
The required minimum monthly payments. Understand the required minimum monthly payments and if those payments will pay the balance off in time. Online calculators, such as CareCredit's payment calculator, are a valuable resource to estimate possible monthly payments needed to pay off the balance within a given promotional period. Those payments may be more than the lender's monthly minimum payment requirement.
Mark your calendar for when the promotional period ends. It is important to track and pay the balance of the purchase before the end of the promotional period to avoid paying the deferred interest that has accrued on the purchase.

In the end, it's important that people have access to health and wellness care for themselves, their family and pets. As healthcare costs continue to rise, it is critical consumers be aware of the various benefit programs and payment options to plan for health and wellness costs. Financial literacy is key!

Unfortunately, mental health crisis hotline services found ineffective nationally

by Terri Dee
Illinois News Connection

CHICAGO - Addressing mental illness in America is a source of continued debate and a new report outlined areas in need of change.

The study detailed the role of response teams in a mental health episode.

Andy Wade, executive director of the National Alliance on Mental Illness-Illinois, sees a need to strengthen the disconnection between the 988 system and the services and facilities supporting post-crisis recovery services.

"The progress has been positive but we need more," Wade asserted. "The crisis system isn't just the phone call. It's also about having a safe and appropriate mental health response, even if that means someone coming out to the house."

He called the system "a work in progress" and emphasized 988 operators should have the tools they need to make immediate handoffs to the right services. Wade acknowledged while law enforcement does a good job, there is often an overdependence on police officers who are not always the best responders. He is encouraged by Illinois legislators' commitment to the crisis system, and wants to continue the forward momentum on funding started by state lawmakers.

The crisis system in Illinois allows people to use it regardless of their ability to pay, which the report highlights as a success.

Angela Kimball, chief advocacy officer for the mental health advocacy organization Inseparable, said state lawmakers are the key to change.

"Lawmakers across the country need to understand, one, what does the system look like? And two, what is their role in helping make this happen?" Kimball outlined. "There is no one entity, no one person, that can make a new crisis response system happen."

She added the challenge for lawmakers is to navigate the complex emergency service regulations in place in order to create effective legislation. Illinois Gov. JB Pritzker signed House Bill 2595 in 2021, requiring insurance companies to cover medically necessary mental health care services.

Save $$$ - Solid tip on how to avoid high-cost smartphone repair bill

Photo: Militiamobiles/Pixabay

StatePoint Media - From listening to music to watching movies, connecting with family to counting steps, Americans say in a new study that they depend on their smartphones like never before. And they are putting their money where their mouth is. The amount of money they spent on screen repairs surged to $8.3 billion in 2023, nearly tripling the amount spent in 2018 ($3.4 billion).

In its latest Mobile Mythconceptions Survey, Allstate Protection Plans found that despite the rising amount spent on smartphone repair, Americans are actually damaging their devices less frequently. In the past 12 months, 78 million Americans reported damaging a device compared to 87 million during a comparable period in 2020.

Cost Conscious Consumers
Last year, the three most frequent accidents and malfunctions reported were: damaged screens (67%), Wi-Fi or connectivity issues (28%) and touchscreen problems (24%).

Broken iphone

Philipp Zurawski/Pixabay

When Americans do damage their phones, repair costs remain a significant concern for many. In fact, 49% of Americans would not repair a damaged smartphone that still functions due to the high costs involved. This could be in part due to sticker shock and misconceptions around the cost of smartphone ownership. The survey found that the average cost for repairs and replacements is now $302, yet 47% of Americans think repairs cost $150 or less. The top reason given by respondents who have damaged a smartphone for avoiding or delaying repairs was the cost, with 39% saying they could not afford it.

The Race to Repair
Smartphones have taken center stage, with 45% of smartphone owners spending five or more hours a day glued to their screens and the overwhelming majority saying their phone has completely replaced their digital camera. So it’s no surprise that despite cost concerns, many American smartphone owners don’t delay when dealing with damage, with 27% saying they would initiate screen repairs within a day due to the importance of their phones in everyday life. When it comes to broken buttons, 36% say they would wait a day or less to repair their phone, 30% for damaged speakers, 29% for broken microphones and 22% for broken cameras.

The good news? With a high-quality case, you can help prevent damage, and with a protection plan in place, you can avoid hefty out-of-pocket costs when mishaps do occur. For information on plans, which cover repair costs on everything from battery failure and cracked screens to liquid damage and touchscreen failure, and which are available to both individuals and families, visit AllstateProtectionPlans.com.

Since the introduction of the smartphone, Americans have spent $149 billion on repairs and replacements. By taking a few precautionary measures, smartphone ownership can be a much more affordable prospect.

Loman-Ray Insurance to add new location in St. Joseph

ST. JOSEPH -- Yesterday, Loman-Ray Insurance Group announced the company will open a new office in St. Joseph. The company, which currently has 12 offices in Illinois, will be located at 104 N. Main in St. Joseph.

An independent insurance company, Loman-Ray was started in 1981 by Lyle Loman and his wife Sue. The husband-wife team, who were also teachers, discovered selling insurance was financially rewarding beyond their expectations and purchased a small property/casualty firm in 1981. The company has expanded to locations in Atwood, Broadlands, Cissna Park, Clifton, Danville, Hoopeston, Tolono, Sullivan, and Villa Grove.

Loman-Ray, which expects to open the St. Joseph office this summer, specializes in auto, home, commercial, group and individual health, and agribusiness insurance coverage.

5 things you need to know about "FREE" at home Covid-19 tests

By Damon Darlin, Kaiser Health News

Americans keep hearing that it is important to test frequently for covid-19 at home. But just try to find an “at-home” rapid covid test in a store and at a price that makes frequent tests affordable.

Testing, as well as mask-wearing, is an important measure if the country ever hopes to beat covid, restore normal routines and get the economy running efficiently. To get Americans cheaper tests, the federal government now plans to have insurance companies pay for them.

The Biden administration announced Jan. 10 that every person with private insurance can get full coverage for eight rapid tests a month. You can either get one without any out-of-pocket expense from retail pharmacies that are part of an insurance company’s network or buy it at any store and get reimbursed by the insurer.

Congress said private insurers must cover all covid testing and any associated medical services when it passed the Families First Coronavirus Response Act and the Coronavirus Aid, Relief and Economic Security, or CARES, Act. The have-insurance-pay-for-it solution has been used frequently through the pandemic. Insurance companies have been told to pay for PCR tests, covid treatments and the administration of vaccines. (Taxpayers are paying for the cost of the vaccines themselves.) It appears to be an elegant solution for a politician because it looks free and isn’t using taxpayer money.

1. Are the tests really free?

Well, no. As many an economist will tell you, there ain’t no such thing as a free lunch. Someone has to pick up the tab. Initially, the insurance companies bear the cost. Cynthia Cox, a vice president at KFF who studies the Affordable Care Act and private insurers, said the total bill could amount to billions of dollars. Exactly how much depends on “how easy it is to get them, and how many will be reimbursed,” she said.

2. Will the insurance company just swallow those imposed costs?

If companies draw from the time-tested insurance giants’ playbook, they’ll pass along those costs to customers. “This will put upward pressure on premiums,” said Emily Gee, vice president and coordinator for health policy at the Center for American Progress.

Major insurance companies like Cigna, Anthem, UnitedHealthcare and Aetna did not respond to requests to discuss this issue.

3. If that’s the case, why haven’t I been hit with higher premiums already?

Insurance companies had the chance last year to raise premiums but, mostly, they did not.

Why? Perhaps because insurers have so far made so much money during the pandemic they didn’t need to. For example, the industry’s profits in 2020 increased 41% to $31 billion from $22 billion, according to the National Association of Insurance Commissioners. The NAIC said the industry has continued its “tremendous growth trend” that started before covid emerged. Companies will be reporting 2021 results soon.

The reason behind these profits is clear. You were paying premiums based on projections your insurance company made about how much health care consumers would use that year. Because people stayed home, had fewer accidents, postponed surgeries and, often, avoided going to visit the doctor or the hospital, insurers paid out less. They rebated some of their earnings back to customers, but they pocketed a lot more.

As the companies’ actuaries work on predicting 2023 expenditures, premiums could go up if they foresee more claims and expenses. Paying for millions of rapid tests is something they would include in their calculations.

4. Regardless of my premiums, will the tests cost me money directly?

It’s quite possible. If your insurance company doesn’t have an arrangement with a retailer where you can simply pick up your allotted tests, you’ll have to pay for them — at whatever price the store sets. If that’s the case, you’ll need to fill out a form to request a reimbursement from the insurance company. How many times have you lost receipts or just plain neglected to mail in for rebates on something you bought? A lot, right?

Here’s another thing: The reimbursement is set at $12 per test. If you pay $30 for a test — and that is not unheard of — your insurer is only on the hook for $12. You eat the $18.

And by the way, people on Medicare will have to pay for their tests themselves. People who get their health care covered by Medicaid can obtain free test kits at community centers.

A few free tests are supposed to arrive at every American home via the U.S. Postal Service. And the Biden administration has activated a website where Americans can order free tests from a cache of a billion the federal government ordered.

5. Will this help bring down the costs of at-home tests and make them easier to find?

The free covid tests are unlikely to have much immediate impact on general cost and availability. You will still need to search for them. The federal measures likely will stimulate the demand for tests, which in the short term may make them harder to find.

But the demand, and some government guarantees to manufacturers, may induce test makers to make more of them faster. The increased competition and supply theoretically could bring down the price. There is certainly room for prices to decline since the wholesale cost of the test is between $5 and $7, analysts estimate. "It’s a big step in the right direction," Gee said.

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Financial planning strategies for LGBTQ+ couples that make sense

Photo: NewsUSA

(NewsUSA) -- Every family has a unique financial situation with its own set of challenges. However, financial planning can be a bit more complex for LGBTQ+ couples. Depending on the state in which they live, LGBTQ+ couples may find it hard to secure access to health care, higher earning opportunities and retirement savings.

CERTIFIED FINANCIAL PLANNERTM professionals can help LGBTQ+ couples navigate these challenges and develop financial planning strategies tailored to their specific needs and the laws of their state.

Here are 4 examples of strategies that a CFP® professional can help you consider:

1. Estate planning: Estate planning is important for LGBTQ+ couples, particularly when considerable assets are involved such as multiple retirement accounts or real estate. In addition to a will and beneficiary designations, your estate plan should also explain how your medical wishes should be honored. Your plan should include health care proxies and medical powers of attorney.

2. Retirement planning: A CFP® professional will work with you to choose the best savings and investment options to meet your retirement goals. They can help align your investment options with your values, combine or consolidate retirement accounts, and make annual contributions. A CFP® professional can also help you review your beneficiary designations to ensure your loved ones are protected. This includes understanding the tax implications of naming a spouse and unmarried partner as a beneficiary.

3. Insurance planning: A CFP® professional can help you evaluate your needs for foundational insurance -- that is, health, life, long-term care and disability insurance. It is important to know your rights, resources and insurance-policy details before incorporating insurance into your financial plan. For example, many insurance carriers recognize domestic partner status and will offer a preferred rate if you live with your life partner, even if you are not legally married.

4. Family planning: Deciding whether to get married and whether to start a family involves many important financial considerations for LGBTQ+ couples. Marriage may offer several long-term financial benefits, including health care coverage and federal protection of certain assets. Alternatively, a domestic partnership agreement can provide financial protections for unmarried LGBTQ+ couples. And starting a family may mean saving for fertility treatments, or a domestic or international adoption program.

These strategies, along with other financial best practices, can help put LGBTQ+ couples on a path to financial success.

You can find a CFP® professional by visiting LetsMakeAPlan.org and using the Find A CFP® Professional tool. You can also filter your search to find a planner with experience working with LGBTQ+ individuals and couples.

What every couple planning a wedding needs to know

Photo:Asad Photo Maldives/Pexels

(StatePoint) -- Planning a wedding involves dozens of decisions made under tight deadlines, as well as agreements made with multiple vendors, including caterers, entertainers and florists.

Yet as we saw during the pandemic, plans can quickly go awry. Following are some tips on how to protect your big day from many unforeseen circumstances, based on Travelers claims data from recent years:

Do Your Research

It’s a sad reality that not all vendors keep their vows. Indeed, 19% of Travelers’ wedding insurance claims from August 2020 through July 2021 related to losses associated with vendors. For instance, florists went out of business, photographers never showed and bands broke up before the big day. Make sure you research vendors before signing contracts and making any deposits. Check with the Better Business Bureau, read online reviews, seek references and consider asking friends and family for personal recommendations.

Photo: cottonbro/Pexels

Keep Calm & Party On

When dozens, if not hundreds, of partygoers are dancing, eating and drinking, it can sometimes be a recipe for disaster. In fact, 11% of Travelers’ wedding insurance claims from last year were due to accidents and the damage that occurred. Encourage your guests to have fun – and be responsible – while they celebrate your special day.

Consult the Calendar

Mother Nature can be fickle and nothing is ever certain, but you can reduce your chances of bad weather ruining your nuptials by consulting the calendar. According to Travelers, 6% of last year’s wedding insurance claims were due to severe weather. If you are planning your wedding during a stormy season, create a contingency plan, especially if the area is known for extreme conditions. And if you’re planning an outdoor wedding, make sure you know how to pull it off if you have to move it indoors.

Protect Your Investment

Whether it’s a tropical destination wedding or a party in your backyard, insurance is a smart way to protect what can be a significant financial investment. And while COVID-19 is excluded, insurance can help with unexpected situations like severe weather, illness or injury, and even military deployment.

Wedding insurance is offered by insurance carriers like Travelers, a company with a long history of helping their customers when they need it the most. And with the average cost of a wedding in 2020 – heavily skewed due to the pandemic – amounting to about $19,000, according to The Knot.com, a Wedding Protector Plan can help provide peace of mind.

"Insurance is smart for weddings of all sizes, including events that span across an entire weekend, with a welcome reception, rehearsal dinner, the wedding and even a celebratory send-off brunch," says Kassy Westervelt, senior product analyst at Travelers. "We recommend couples choose a coverage level at least equal to the amount they might lose if their event had to be rescheduled at the last minute, considering purchases and deposits for things like the venue, gown, rings, caterers, entertainment, transportation, flowers, cake, invitations and more."

"Couples who are new to the wedding planning process may not be aware that their wedding can actually be insured, so we recommend you contact an insurance agent or visit our website to understand what it covers and how it can help," says Westervelt. "We also like to make sure couples understand that change of heart is not covered."

Your insurance agent can work with you to determine the coverages and policy limits that best fit your needs and budget. To learn more about Travelers’ no-deductible wedding insurance policies, visit protectmywedding.com.

For greater peace of mind around one of the most important days of your life, take steps to avoid and prepare for common wedding day mishaps.