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Financial Fitness Blog

Are you on the move this summer?

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Jay LukasIf you recently moved or have plans to move this summer, please let us know your new address.

  • Contact us directly at 1-800-279-4030 or log into yourMONEY to change your address on your retirement savings accounts.
  • If you also have your auto or home insurance with us, you can use our online Update Your Policy form or call 1-800-279-4010 to make the change.

Jay Lukas, Assistant RIS Consultant

Nominate a financial mentor before summer ends

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Laura KampsDo you know someone who takes the time to give financial encouragement, advice, and guidance to his or her colleagues? Give that person some well-deserved recognition. It only takes a minute to nominate someone by visiting weabenefits.com/mentor.  

Nominations for the 2016 awards will be accepted through September 2, 2016 and announced on October 17. Award winners will also be mentioned in the fall your$ magazine and receive a certificate of recognition.

Laura Kamps, RIS Specialist

Stay vigilant to prevent vehicle theft

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Steve SchofieldAccording to the FBI, 689,527 motor vehicles were reported stolen in the United States in 2014, down 1.5 percent from 2013. As vehicle thefts continue to trend downward, fewer people are worrying about their car being stolen (2014 Gallop poll).

Despite this trend, industry observers caution that thieves constantly devise new and sophisticated means of stealing autos. Tactics include acquiring smart keys, switching vehicle identification numbers, and using stolen identities to secure loans for expensive vehicles.

Using common sense and staying in the habit of securing your vehicle can help prevent a painful loss. While professional thieves can conceivably steal any car, you should make them work for yours.

The National Insurance Crime Bureau recommends using a "layered approach" toward protecting your vehicle. The more layers of protection on your vehicle, the more difficult it is to steal.

  1. Common sense. Secure your vehicle even if you're away from it for a brief time and don't leave valuables out where people can see them.
  2. Warning device. A visible or audible device such as a steering wheel/brake pedal lock or an alarm.
  3. Immobilizing device. A device which prevents thieves from bypassing your ignition and hot-wiring the vehicle, such as smart keys or kill switches.
  4. Tracking device. A device which emits a signal to police or a monitoring station when the vehicle is stolen.

The WEA Property and Casualty Insurance Company Family Car Policy covers the theft of your car when you purchase comprehensive coverage. Comprehensive coverage also protects you in the event of a fire, vandalism, hail, and other events. (Identity theft coverage is included in Member Benefit's home insurance coverage.)

Call us at 1-800-279-4010 to learn more.

Steve Schofield, Personal Insurance Consultant

Property and casualty insurance programs are underwritten by WEA Property & Casualty Insurance Company. The terms and conditions of your coverage are exclusively controlled by your written policy. Please refer to your policy for details. Certain policy exclusions and limitations may apply.

Be aware and be prepared for severe weather

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Tim GanoungWe may be well into summer but it's not too late for severe storms and tornadoes. Do you know the difference between a severe weather watch and a severe weather warning? Many people don't, but knowing the difference could save your life.

WATCH: Stay alert and aware.

A severe thunderstorm or tornado watch gives you advance notice that conditions are favorable for dangerous weather. 

A watch is not a warning. During a watch, there will be information about what type of weather you might see and the chance of it actually occurring.

When your area is in a watch, stay alert for changing weather.

WARNING: Take action now.

A warning is issued when severe weather is about to strike in your area. For severe thunderstorms, tornadoes, and flash floods, it means the weather event is happening now and you need to take action immediately.

For help building a basic disaster supply kit and creating an emergency plan to protect yourself and your family, visit www.ready.gov/build-a-kit and www.ready.gov/make-a-plan.

Tim Ganoung, Personal Insurance Consultant