Having the right kinds of insurance — including good medical, disability, automobile, homeowner, long-term care, life, and even travel insurance — is key to good financial planning. This page about insurance gives you the lowdown on how to successfully navigate the often perplexing world of insurance coverage.
Five Questions You Must Ask When Buying Insurance Online
Are you paying too much for your auto or homeowners insurance? How about your other insurance policies? TV is full of commercials telling you that you can find great discounts on insurance by shopping for insurance online —and you do tend to save money, says Loretta Worters, vice president of communications for the Insurance Information [...]
Seven Essential Home Maintenance Tips for Winter
According to information on winter preparedness from Travelers Insurance, snow, ice, and cold can cause serious damage to both the inside and outside of your home, leading to potentially costly repairs and homeowners insurance claims. A well-maintained and well-prepared home is less likely to experience weather-related problems, especially during the coldest months of the year. [...]
Do I Need Auto Insurance for My Rental Car?
If you’ve ever rented a car, you’ve likely been sold the auto insurance that the rental company offers. But if you already have insurance for your regular car, do you need to purchase an insurance policy for your rental car as well? “The short answer is probably not,” says Michael Barry, vice president of media [...]
Sit on a Board of Directors? You May Need Additional Insurance
Sitting on the board of any organization, whether a non-profit or a for-profit, can be a very rewarding experience. Unfortunately, if the organization does not have the proper insurance policy in place, doing so can also put your own assets at risk. As a director or officer, you have a responsibility to properly run and [...]
Do I Need Disability Insurance?
Many of us think of the “big four” when it comes to insurance: home, life, health, and auto. These insurance policies are designed to protect you and your family from an expensive financial disaster, whether it’s a hospital stay or your house burning down. What many of us forget to consider, though, is whether or [...]
Eight Ways to Help Protect Yourself From Insurance Fraud
A San Diego woman and her father were sentenced to jail time for their involvement in an elaborate $1.5 million insurance fraud scheme for disability benefits. Four people pleaded guilty to federal fraud charges for their roles in a staged auto accident scheme. A Bridgeport, N.J., personal injury attorney masterminded an insurance fraud scheme that [...]
Do I Really Save Money Bundling Insurance Policies?
When you bundle insurance policies, you’re buying two or more types of insurance products with one company. This type of insurance purchase, also known as a “multi-line policy,” has become more available in recent years. A 2011 J. D. Power and Associates survey found that 77 percent of customers bundle auto policies with additional policies [...]
Seven Common Homeowners Insurance Myths
As a homeowner, it’s important to know what your insurance policy covers. If your insurance doesn’t cover you for something you thought it did, you could end up paying out of pocket for property damage or injuries. Here are seven common myths about homeowners insurance coverage: Myth #1. Anyone I hire to do work is [...]
Four Factors That May Help You Get Auto Insurance Discounts
The cost of driving doesn’t come cheap. When you tack on the price of gas—now at more than $3 per gallon—and auto insurance, it may seem more appealing to commute via horse and buggy. But if you are shopping around for auto insurance or thinking about updating your current policy, you could save big bucks [...]
Three Tips to Help You Find a Health Insurance Plan
As major provisions of the Affordable Care Act (ACA) go into effect in January of next year, health insurance is more relevant than ever to many Americans, a June 2013 Kaiser Health Tracking Poll found. That includes young adults, a group that “many have speculated may be resistant to getting coverage under the ACA,” the Kaiser [...]