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Amity Insurance Newsletter – June 9, 2011

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Featured Articles

Insurance Advice for After the Storm
Severe weather can come in many shapes and sizes.  It may take the form of heavy rain or snow, strong winds, thunder and lightning, and/or flooding.   When it comes to protecting your home and auto, you must prepare for the worst.  If damaging weather does come your way, here are some suggestions on what to do when the storm has passed...More>>

Steps Homeowners Can Take to Limit the Effects of Natural Disasters and Expedite Recovery
As the fun and sun of summer arrives, so does the threat of many natural disasters. Happenings like earthquakes are always a threat, but floods, wildfires, hurricanes, tornadoes, and such are more apt to strike in the warmer summer months. There are three very important steps you can take to limit the effect natural disasters have on your life and property and expedite your recovery process...More>>

Questions You Need to Ask Before Buying Distressed Commercial Properties
The economic downturn that began in late 2007 has taken a severe toll on all sectors of the U.S. economy, but it hit the real estate sector especially hard. Real estate research company Green Street Advisors reported in March 2011 that commercial property values were 17 percent below their peak in August 2007. CoStar Group reported that the values of the highest quality office buildings, relatively new retail and industrial properties, and apartment complexes were down 33 percent since June 2007. These large price decreases may attract investors in search of good buying opportunities. However, potential buyers should look beyond the low purchase price when they evaluate these properties. The properties' physical state, legal issues, and insurance considerations also affect whether they are smart investments...More>>

Design and Communicate Your 401(k) Plan to Encourage Employees' Retirement Savings
Workplace-based retirement savings plans, such as 401(k) plans, play a crucial role in ensuring retirement income security for U.S. workers. These plans have risen in prominence, as traditional pension plans now cover a shrinking number of workers, and as the future of Social Security continues to be questioned. But as they say with the Lottery, "You gotta play to win," and a 401(k) plan isn't worth much unless workers enroll and contribute. 401(k) plan features, design and communications can make or break the success of a plan, so if your company's employees aren't flocking to the plan as you expected them to, it may be time to consider where improvements could be made...More>>