New from the Money Scoop

House Insurance

Do you have enough insurance to rebuild your home?
Your policy needs to cover the cost of rebuilding your home at current construction costs in the event that it is destroyed.


Consider the following types of coverage:

  • Replacement Cost
    Most homeowners policies cover replacement cost for damage to the structure. A replacement cost policy pays for the repair or replacement of damaged property with materials of similar kind and quality.

  • Extended Replacement Cost
    This type of policy provides additional insurance coverage of 20 percent or more over the limits in your policy, which can be critical if there is a widespread disaster that pushes up the cost of building materials .

  • Inflation Guard
    This coverage automatically adjusts the rebuilding costs of your home to reflect changes in construction costs.

  • Ordinance or Law coverage
    If your home is badly damaged, you may be required to rebuild it to meet new, and often stricter, building codes.

  • Water Back-Up
    Insures your property for damage from sewer or drain back-up. This is offered as an add-on to a standard policy.

  • Flood and Earthquake Insurance
    Standard homeowners insurance does not include coverage for natural disasters such as flooding and earthquake.

    Flood insurance is available through the federal government’s National Flood Insurance Program as well.

    Earthquake coverage is available in the form of an endorsement from private insurance companies. In California, supplemental coverage is also available from the California Earthquake Authority (CEA).

Most homeowners insurance policies provide coverage for your personal possessions for approximately 50 percent to 70 percent of the amount of insurance you have on the structure of your home.

The best way to determine if this is enough coverage is to conduct a home inventory. A home inventory will detail everything you own and the estimated cost to replace these items if they were to be stolen or destroyed by a disaster.

To make this task simple, the I.I.I. offers free, downloadable software and information on how to create and store your inventory at www.KnowYourStuff.org.

You can insure your possessions in two ways: by their actual cash value or their replacement cost. Make sure you review with your agent or company representative which type of coverage is best for your particular situation.

  • Cash Value Policy
    This coverage pays the cost to replace your belongings minus depreciation.

  • Replacement Cost Policy
    This coverage reimburses you for the full current cost of replacing your belongings.
Most standard home and renters insurance policies will generally provide at least $100,000 of liability coverage. Additional liability protection is available and everyone should consider getting enough insurance to protect their assets and finances.



For more information on how to properly insure your home, go to the I.I.I. Web site.
The Insurance Information Institute.


Subscribe to USA TODAY

Stuff to Blog About: Honda's FCX Clarity -Hydrogen Fuel Celled

Stuff to Blog About: Honda's FCX Clarity -Hydrogen Fuel Celled

Honda's FCX Clarity -Hydrogen Fuel Celled

honda_fcx_clarity.03.jpg

Honda's new zero-emission, hydrogen fuel celled FCX Clarity rolled off a Japanese production line and is headed to southern California, where Hollywood is already abuzz over the latest splash in green motoring.



The biggest obstacles standing in the way of wider adoption of fuel cell vehicles are cost and the dearth of hydrogen fuel stations. For the Clarity's release in California, Honda said it received 50,000 applications through its Web site but considered only buyers living near hydrogen fuel stations in Torrance, Santa Monica and Irvine.

Although Honda Motor Co. (HMC) was the first Japanese automaker to launch a gas-electric hybrid vehicle in the U.S. in 1999, it has been outpaced by the dominance of Toyota's (TM) popular Prius.

Toyota announced in May that it has sold more than 1 million Prius hybrids, while both the Honda Insight and the hybrid Accord have been discontinued due to poor sales.

The FCX Clarity is part of Honda's plan to keep pace with rivals in green technology. It also plans to launch a gas-electric hybrid-only model, as well as hybrid versions of the Civic, the sporty CR-Z and Fit subcompact.

The Fuel Cell
Fuel cells produce electricity that can be used as a clean alternative
to gasoline. The fuel cell stack in the FCX Clarity converts hydrogen
(H2) and oxygen (O2) into electricity.
FCX Clarity is powered by an electric motor. The car you drove to
work today is probably powered by an engine. The big
difference is that the motor in the FCX Clarity gets its
energy from electricity, instead of from gasoline like most
cars today. So while the FCX Clarity has the power of an engine,
it also offers the uniquely clean, quiet ride of a motor.
Auxiliary regenerated energy is supplied by a lithium-ion battery pack, increasing the vehicle’s efficiency and range.

All of the advanced components in the FCX Clarity have been fine-tuned for ultimate performance in this Zero-Emission Vehicle (ZEV) of the very near future.
Honda has developed a compact lithium-ion battery that serves as a supplemental power source in the FCX Clarity.


The FCX Clarity, which runs on hydrogen and electricity, emits only water and none of the gases believed to induce global warming. It is also two times more energy efficient than a gas-electric hybrid and three times that of a standard gasoline-powered car, the company says.


While electric vehicles are powered by a battery alone and must be plugged in to recharge, hybrid vehicles combine a gasoline-powered engine with an electric motor. You fill hybrid vehicles up with regular gasoline and they do not need to be plugged in. A fuel cell vehicle does not need to be plugged in to recharge and it does not use gasoline.

Fuel cell vehicles are powered by electricity generated onboard by combining hydrogen with oxygen by the fuel cell stack. From tank to wheel, the FCX Clarity is twice as efficient as a hybrid-electric vehicle and three times more efficient than a conventional gasoline vehicle.

Today, automakers are more concerned than ever about finding solutions to the problems of air quality and climate change, and Honda is leading the way. The California Air Resources Board (CARB) has a Web site with information about various incentives and initiatives in this important area: http://www.driveclean.ca.gov/en/gv/home/index.asp

Honda.com



Stuff to Blog About: In the News June 15th 2008

Stuff to Blog About: In the News June 15th 2008

Want cheap Gas? Go to Mexico!.

A gallon of regular unleaded gasoline in San Diego retails for an average price of $4.61 a gallon. A few miles south, in Tijuana, it's about $2.54 — even less if you pay in pesos.
More and more people appear to be taking advantage of the lower price.

The lower prices mean a U.S. motorist could save almost $54 filling up a two-year-old Ford F150 pickup with a 26-gallon fuel tank in Mexico.

Keep your car clean

As reported on CNN.com
Just when you thought you knew it all about how to clean your car. Here are some myths about car cleaning.

art.car.wash.gi.jpg


Barry Meguiar, who heads the business of the same name, is one who's out to set the record straight, in the process dispelling what his third generation family company says is the "dirty dozen" car care myths.

Myth 1: Dishwashing detergent is safe to use as a car wash.

First among them is the idea that plain, ordinary dishwashing detergent is just fine and dandy for car wash purposes.

"Any dishwashing detergent is meant to remove everything from the surface," he says. "That will include stripping the polymers of the paint surface and the last thing you want the paint finish to be is squeaky clean."



Meguiar likens the effect of dishwashing detergent to what it does to someone's hands. "Too much detergent will dry the skin. On the surface of a car, the same thing occurs; dishwashing detergent actually accelerates the oxidation process when you use it on a regular basis."

Myth 2: Washing and cleaning are the same.

A car wash removes loose contaminants; cleaning removes stubborn stains, blemishes and bonded contaminants, explains Meguiar. Bonded contaminants? Think tree sap and, almost as bad, an aerosol spray of tire rubber that no one can escape.

Myth 3: If a car looks shiny, the cleaning process can be skipped.

In this case, seeing is quite definitely not something you want to believe. "Your eyes can't tell you what's going on in the paint finish," says Meguiar, who suggests rubbing the face of your hand over the surface of the vehicle after a car wash.

"It should feel like glass if it's right. Most of the time it's going to feel more like sandpaper. You can feel the contaminants." Products like a clay bar can easily remove bonded contaminants, something that's essential before the application of a polish or wax.

Myth 4: Clay bars should only be used by professionals.

Remember how easy it was to use Silly Putty? Using a clay bar is just as easy, the bar (which comes in a kit) is able to grab and gently remove all bonded contaminants (like the tree sap and road rubber).

Myth 5: Waxing can remove swirl marks.

Barry Meguiar says swirl marks, which are nothing more than scratches in the surface of a vehicle, can only be removed by getting to the bottom of it -- literally.

Today's modern paint finish actually magnifies the scratches, making swirl marks one of the more troubling aspects of maintaining a vehicle's finish. "We get more calls about swirl marks than anything else," says Meguiar.

Getting rid of them will depend on how deep the scratch is, with micro-fine, hairline scratches taken care of with a non-abrasive paint cleaner; moderate ones may require something a little more serious; even deeper swirl marks (caused by improper use of rotary buffers and rubbing compounds) may need professional color sanding and buffing.

Myth 6: There is no difference between polishing and waxing.

Understanding what polishing and waxing are designed to do is key. Polishing creates a brilliant high gloss surface; waxing protects the vehicle's finish by coating it with waxes polymers, resins and silicones. Which means waxing won't make a dull surface shiny.

Myth 7: Machine polishers damage the paint finish.

Speed is the key; a dual action polisher or orbital buffer shouldn't be a problem for even the most inexperienced. Not so with rotary buffers, which operate at much higher RPMs and are best left to the pros.

Myth 8: Diapers, t-shirts and flannel make good cleaning cloths.

A smooth surface is exactly what you don't want to see in a cloth, the reason being those fine particulates that you're trying to capture.

While the cloth diaper or t-shirt may be clean, it's actually scratching the surface; a terrycloth premium microfiber towel is what's recommended, the deep pile surface creating a buffer zone that will pick up the bad stuff, not grind it into the paint finish.

Myth 9: Wax protection can be guaranteed to last up to one year.

A claim may help sell a product, but Barry Meguiar says there are enough variables in place that make any such guarantees suspect.

A better strategy might be to consider those differences -- weather, use of road salt, whether your vehicle is parked outside or garaged -- and maintain accordingly. Meguiar's is taking that idea one step further with a personalized service that gives owners options based on their expectations.

Myth 10: Paste wax offers greater protection than liquid wax.

While Barry Meguiar admits this once was true, times have changed. "In the old days, there was a great reliance on carnauba wax, which was the hardest natural wax available.

Fifty years later we have synthetic waxes, polymers and resins that have far more resilience than carnauba and enhance the gloss. Interestingly, carnauba (which people still want to see in a product) actually grays the surface of a vehicle."

Myth 11: Lighting a hood on fire, without damaging the paint finish, proves the protective qualities of a car wax.

It may be a nice science trick, but that's about it. Even if the paint surface has little or no protection, setting fire to a pool of alcohol will produce nothing more than a barely warm surface when the flame goes out--which it will do in just a few seconds.

Myth 12: Once a car is waxed, regularly protecting the paint finish becomes unnecessary.

Remember that tree sap and tire rubber? It's never-ending, which means so is the need to remove it (and everything else the world might throw at the surface of your vehicle).

The best strategy: remove the contaminants with a mist and wipe product before they have time to bond to the vehicle's paint.

Keep your car clean-Tips

  • Bring It In, Take It Out- Have a plan of what will happen to anything that enters your car. If you can carry it into the car, you can carry it out. This is especially an nice policy for passengers or others who may drive your car.

  • Keep a trash bag in a convenient spot in your car. Be sure to have a back-up one ready to go when your trash is full. Target shopping bags are excellent car trash bags because they are thicker than the others.

  • Have a container of window/glass wipes in your car. Make it convenient to clean your windows, inside and out.

  • Protect Your Carpets- use rubber mats to put on top of your carpet mats.

  • Keep Things Organized- use compartments or a laundry basket in your trunk.



Need Computer Help? Live for as Low as $0.17/M

Stuff to Blog About: In the News, June 13th, 2008

Stuff to Blog About: In the News, June 13th, 2008

Bad news from the housing front- unless you're looking for a bargain...

Reports in the news indicate that 73,000 homes lost to foreclosure in May up a staggering 158% from the 28,548 households that were dispossessed in May 2007.
Filings for the month jumped by 48%. Nevada, California, and Florida continue to bear the brunt of the crisis.

This is according to the latest release from RealtyTrac, the online marketer of foreclosed properties. Filings increased 7% from April.

Worst-hit

Nevada remained the most troubled default state for the 17th consecutive month. One out of every 118 households there received some kind of foreclosure filing during May, up 24% from the previous month and 72% from a year ago.

California led the nation in the sheer volume of filings, with nearly 72,000 properties in some stage of default, which works out to one out of every 183 households. More than 20,000 Californians lost their homes, more than any other state.

Florida recorded over 37,000 filings and 4,300 bank repossessions. Nine of the top 10 cities with the most foreclosure filings were in either Florida or California.

Stockton, Calif., was the worst-hit city last month, with one filing for every 75 households. Cape Coral, Fla., where one out of every 79 homes received a filing, was second. Other hard-hit places were Merced, Calif., which ranked third, Modesto, Calif., which was fourth and Riverside, Calif., which was fifth.

Las Vegas was the only city outside of California and Florida to crack the top 10. In May it had one filing for every 96 households - about five times the national average - which put it in sixth place.



Get MLB Tickets!

TSA Reminds Summer Travelers of the Three Simple Steps to Security

As the summer travel season begins, the Transportation Security Administration TSA reminds travelers that coming to the checkpoint prepared for the security process will lead to shorter lines and less travel stress. Passengers can actively improve the security process by being ready. Following these three steps will help everyone get through the security process faster:
  1. Show ID and boarding pass
  2. Take out liquids (in a baggie) and laptops
  3. Take off shoes and jackets.

1. Show ID and boarding pass

TSA uses a standardized list of acceptable identification for airline travel. Passengers who present a federal- or state-issued photo ID containing name, date of birth, gender, expiration date and a tamper-resistant feature that is free from evidence of tampering can expect to be expedited through the travel document checking process. Standardizing the list of accepted documents better aligns TSA with other DHS components and REAL ID benchmarks.

Passengers should remove their government-issued photo ID from wallets, plastic holders and other similar carrying cases, and present the ID along with their boarding pass at the start of the screening process. Hold on to the boarding pass until through the magnetometer, where it may need to be shown again.

2. Take out liquids (in a baggie) and laptops

Large liquids are still banned from carry-ons. Remember the 3-1-1 rule for liquids, gels and aerosols at the checkpoint:

  • 3-ounce bottles or less for all liquids, gels and aerosols placed in
  • 1 quart-sized, clear, plastic, zip-top bag;
  • 1 bag per passenger placed separately in a security bin for X-ray screening.

The liquid restriction applies only to carry-on bags. Passengers can pack larger quantities of liquids and gels in checked baggage. Laptops must be taken out of their cases and placed in a separate bin for X-ray.

3. Take off shoes and jackets

Removing footwear for X-ray screening is required. Wearing footwear that can be easily removed helps speed the process. Please also put your jackets and sweaters in the bin.

"We recognize that the liquid restrictions and shoe removal are pain points for the public but they are necessary security measures based on current information," said Kip Hawley, TSA administrator. "Passengers can help the process by being prepared and recognizing that our officers are there for your safety. Please cooperate with our officers because your safety is their priority."

TSA is in the process of deploying more than 200 new technology units at the nation’s largest airports in time for summer travel. This technology includes multi-view advanced technology X-ray and millimeter wave, a form of whole body imaging technology. Multi-view advanced technology X-ray gives the security officers a better look at what is in carry-on baggage and has the potential to speed up the process because fewer bag checks will be required. A total of 600 of these machines will be deployed during 2008. Millimeter wave enables TSA officers in a matter of seconds to detect weapons, explosives and other metallic and non-metallic threat items without physical contact.

For more information on what to expect, tips for people with special needs, and what you can bring, please visit the TSA Web site at www.tsa.gov.



Get a 14-day FREE trial to Rhapsody

Car Ads: Reading Between the Lines

The latest car craze in the US is focused around fuel economy. Say good-bye to those over-sized vehicles and say hello to those small hybrids.

The Federal Trade Commission warns that many new car dealers advertise unusually low interest rates and other special promotions. Ads promising high trade-in allowances and free or low-cost options may help you shop, but finding the best deal requires careful comparisons.

Many factors determine whether a special offer provides genuine savings. The interest rate, for example, is only part of the car dealer’s financing package. Terms like the size of the downpayment also affect the total financing cost.

Questions About Low Interest Loans

A call or visit to a dealer should help clarify details about low interest loans. Consider asking these questions:

  • Will you be charged a higher price for the car to qualify for the low-rate financing? Would the price be lower if you paid cash, or supplied your own financing from your bank or credit union?
  • Does the financing require a larger-than-usual downpayment? Perhaps 25 or 30 percent?
  • Are there limits on the length of the loan? Are you required to repay the loan in a condensed period of time, say 24 or 36 months?
  • Is there a significant balloon payment —possibly several thousand dollars — due at the end of the loan?
  • Do you have to buy special or extra merchandise or services such as rustproofing, an extended warranty, or a service contract to qualify for a low-interest loan?
  • Is the financing available for a limited time only? Some merchants limit special deals to a few days or require that you take delivery by a certain date.
  • Does the low rate apply to all cars in stock or only to certain models?
  • Are you required to give the dealer the manufacturer’s rebate to qualify for financing?

Questions About Other Promotions

Other special promotions include high trade-in allowances and free or low-cost options. Some dealers promise to sell the car for a stated amount over the dealer’s invoice. Asking questions like these can help you determine whether special promotions offer genuine value.

  • Does the advertised trade-in allowance apply to all cars, regardless of their condition? Are there any deductions for high mileage, dents, or rust?
  • Does the larger trade-in allowance make the cost of the new car higher than it would be without the trade-in? You might be giving back the big trade-in allowance by paying more for the new car.
  • Is the dealer who offers a high trade-in allowance and free or low-cost options giving you a better price on the car than another dealer who doesn’t offer promotions?
  • Does the "dealer’s invoice" reflect the actual amount that the dealer pays the manufacturer? You can consult consumer or automotive publications for information about what the dealer pays.
  • Does the "dealer’s invoice" include the cost of options, such as rustproofing or waterproofing, that already have been added to the car? Is one dealer charging more for these options than others?
  • Does the dealer have cars in stock that have no expensive options? If not, will the dealer order one for you?
  • Are the special offers available if you order a car instead of buying one off the lot?
  • Can you take advantage of all special offers simultaneously?

You’re not limited to the financing options offered by a particular dealer. Before you commit to a deal, check to see what type of loan you can arrange with your bank or credit union.

Once you decide which dealer offers the car and financing you want, read the invoice and the installment contract carefully. Check to see that all the terms of the contract reflect the agreement you made with the dealer. If they don’t, get a written explanation before you sign. Careful shopping will help you decide what car, options, and financing are best for you.

For More Information

The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.