You probably hope you’ll never need to file a claim when you buy auto insurance. You will need to file one when the unexpected happens. Filing an auto insurance claim is a challenging process. An insurer can deny your claims for many reasons, so it is vital to understand why your insurance claim might be…
When insuring your property, you will be given a choice between “actual cash value” and “replacement cost.” Here, we will discuss those two options and their differences to decide which option is right for you. What Is Replacement Cost Coverage? This coverage pay to repair or replace damaged property without subtracting depreciation. This coverage may…
You may find it challenging to justify the price of health insurance if you’re healthy and young. That’s where catastrophic health insurance plan comes in. Catastrophic health insurance is a form of health insurance plan used by young individuals, usually under 30, who don’t need much health care. This type of plan offers health coverage…
You need renters insurance if you have possessions and you’re renting property. Renters insurance is an excellent way to protect your belongings and your finances. This policy pays to replace your belongings if they’re damaged, vandalized, or stolen while renting. In addition, renters insurance protects you from unexpected catastrophes like explosions, fires, electrical surges, and…
Home insurance companies may sometimes refuse to renew your policies for various reasons. If your insurer chooses not to renew your home insurance policy, they must notify you 30 days before it expires. Here are things you should do if your provider refuses to renew your home insurance policy. Find Out The Reason. Insurance providers…
Car insurance can help you avoid paying for the damages out of your pocket if you’re involved in an accident. But unfortunately, most people don’t know what all of the terms on their car insurance policy mean. This can lead to chaos when it comes to filing a claim. Here, we will explain some of…
Buying a home is probably one of your most significant financial decisions. When you purchase a home, you and your lender want to guarantee that the property’s title is yours. Title insurance assures you or your lender any against losses. This policy covers either the homeowner or the mortgage lender, but you’ll need to pay…
Never allow your homeowner’s insurance to lapse unless you have enough money to rebuild your house in the case of a disaster. Unfortunately, your insurance company won’t reimburse you if your home faces major damages during this period. Therefore, keeping your insurance policy in place and paying monthly premiums is essential. So, what happens if…
You can save on home insurance if you or your spouse is age 55 and above. An advisor can help you examine your current home insurance policy, determine if you are paying more than required, and explore the different discounts available to seniors. Mature Credit You may be eligible for home insurance discounts on your…
HDHP was created to incentivize clients to be more active and directive with their healthcare. While HDHP can be tricky to navigate, understanding how it works can help you determine if they are the right plan. How It Works High-deductible health insurance plans (HDHPs) have higher deductibles, but you’ll pay less for insurance every month….