Clarke & Sampson Blog

Thinking about earning some extra cash as an Uber driver?

Posted by Bill Howard

Jul 7, 2014 2:25:50 PM

Taxi-like ride sharing is an emerging trend lead by operations such as Lyft, Sidecar and Uber. It is important to note that ride sharing is different than carpooling. Carpooling, a covered exposure, is understood as two or more persons sharing a ride to and from work on a regular basis. These carpools are pre-arranged and repetitive, following a work schedule, and are not for a fee (other than possibly contributing to gas expenses).

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Topics: Personal Insurance, Personal Liability, Liability Insurance, Auto Insurance

Personal Umbrella Liability Basics

Posted by Scott Jefferson

Apr 4, 2014 3:25:38 PM

As we all know, accidents happen—and it’s not uncommon for jury awards and out-of court settlements to run into the millions. While it’s difficult to pinpoint the monetary consequences of the risks you and your family take each day, are you certain your current liability insurance offers you enough protection?

For example, what if:

  • Your teenager runs a stop sign, causing a serious accident?
  • A visitor trips in your home and is seriously injured?
  • A babysitter is injured by your otherwise friendly dog?
  • The small fender bender you caused results in a neck injury?
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Topics: Personal Insurance, Personal Liability, Alexandria VA, Personal Umbrella, Umbrella policy, Umbrella Liability

Yard Work Safety Tips

Posted by Scott Jefferson

Mar 6, 2014 11:11:05 AM

For many of our neighbors in Alexandria, spring and summer mean more than sunshine and vacations. It also means working in the yard - often with tools that can be dangerous if not used properly.

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Topics: Personal Insurance, Personal Liability, Alexandria VA, Homeowners Insurance

Six Things You Should Know About Debit and Credit Cards

Posted by Scott Jefferson

Feb 7, 2014 11:02:00 AM

Debit and credit cards are often used interchangeably. While these card types may seem similar, there are key differences between debit and credit cards in terms of how they work and consumer protection features. Here is a list of things you should know before using a debit or credit card:

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Topics: Personal Insurance, Personal Liability, Alexandria VA

Protecting Your Assets With An Umbrella Policy

Posted by Scott Jefferson

Jan 29, 2014 2:29:00 PM

Your home and auto policies are designed to protect you from liability losses up to a certain dollar limit, but what if that limit is exhausted? Consider this scenario: you caused a major auto accident that resulted in $750,000 worth of bodily injury and property damage. Your auto insurance only covers $500,000. Who is responsible for paying the remaining $250,000? You are - unless you have an umbrella policy.  

An umbrella policy is designed to protect you above and beyond your home and auto policies. With umbrella liability insurance, you are safe, your family is safe, and so is your lifestyle.

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Topics: Personal Insurance, Personal Liability, Alexandria VA, Personal Umbrella, Umbrella policy, Umbrella Liability

Family Trust Management: Am I Personally Liable?

Posted by Scott Jefferson

Nov 26, 2013 9:30:00 AM

Over the next decade, trillions of dollars will transfer hands through family managed trusts in an effort to preserve and distribute family assets. Generally a volunteer or designated family members act as the managers of the trust. With a sense of duty, the trust manager carries out the tasks at hand with the very best of intentions. Unfortunately, the best intentions don't always result in the desired outcome for each and all. As a result, trust managers are increasingly finding themselves faced with legal suits for alleged breach of duty.

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Topics: Personal Insurance, Personal Liability, Historic Home

Protecting Your Trusts and LLCs

Posted by Scott Jefferson

Nov 8, 2013 8:03:00 AM

Holding personal real estate in a Trust or LLC is a common practice in the United States, whether it is for estate planning, limiting personal liability, or tax reasons. According to the IRS, the personal use of LLCs and trusts has increased substantially over the last decade. Most people are not aware, however, that the use of these instruments influences how your property insurance should be structured. In our experiences, it is a common misconception that assets held in LLCs and trusts are protected from liability. The reality is that even a trust or LLC could be liable if there is an injury on the property.

How are trusts and LLCs used?

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Topics: Personal Insurance, Home Security, Personal Liability