Did you ever hear the myth about homeowners insurance that it covers every disaster or loss imaginable? Those who believe this misconception usually find out too late that their policy doesn’t cover many ‘presumed to be covered’ disasters. To prevent surprise costs, you need to be clear about the terms before you agree to them. Here are 4 common myths about home insurance that you should be aware of:
1. Coverage Against All Floods:
People who haven’t taken the time to understand the terms of their standard homeowners insurance might assume that flooding is automatically covered […]
Increasing auto insurance premiums only adds to the already existing struggles in uncertain economic times. But you can always take steps to lower costs. Here are various factors that contribute to rising auto insurance premium rates across the nation.
1. Recorded Driving Behavior
a) Miles Driven:
The more people drive, the more their insurance rates will increase. A 2016 article in the Washington Post cited an AAA report that Americans were driving more due to cheaper fuel and other reasons. More miles imply an increase in the chances of an accident, which raises the insurer’s […]
Life insurance is a necessity that gives you an opportunity to secure your family’s future if the unthinkable happens. While no one wants to think about this type of loss, planning for it now will make things easier down the road. Understanding your family’s needs and what type of life insurance is best, will help you choose the right policy.
Is It Time to Review Your Life Insurance Policy?
Life-changing events and changes to your financial situation can take many forms, each having a different impact on your family’s needs. Some events and situations […]
Everyone knows that employers are required to provide their employees with some type of workers’ compensation insurance. Sole proprietors and independent contractors can also receive workers’ compensation insurance if they choose to do so. While they have the option to “opt-out” or turn it down, purchasing a workers’ compensation policy may be in their best interest. Every business is different in terms of potential risk. It is up to the business owner to decide how much and what types of insurance they want to carry on themselves and their business.
Who Needs Workers’ Compensation Insurance?
The fact […]