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Why Stay-At-Home Parents Also Need Life Insurance

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life insurance for stay-at-home parent

When parents think about securing life insurance, many assume that only the family breadwinner needs coverage.  However, this overlooks all the value that stay-at-home parents provide for their families.

Here are some of the many reasons why stay-at-home parents need life insurance too.

To Cover All the Services They Provide

Just because stay-at-home parents do not bring home a paycheck doesn’t mean that they don’t contribute.  Stay-at-home parents wear many hats, including caretaker, cook, housekeeper, chauffeur, and so on. If […]

Understanding the Different Types of Business Insurance Policies You May Need

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Types of Small Business Insurance

The standard types of commercial insurance include property, liability, and workers’ compensation. However, other types of small business insurance options are available.

A business insurance policy is required by U.S. law if you have staff because it protects your business in times of trouble. There are stipulated coverages but based on your particular circumstances, you may need additional specialized coverages.

Different Types of Commercial Insurance

The seven types of commercial business insurance are identified below:

General Liability Insurance – All small businesses require a liability insurance policy. Liability insurance covers you if a product you provided, or service […]

What Is a Homeowners Insurance Rider and Why Do You Need It?

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Homeowners Insurance Riders

Generally, an insurance rider is an optional add-on to an insurance policy. It is also called a floater or an endorsement. A homeowners insurance rider amends a basic policy, allows you to increase your coverage limits, expand coverage for certain property, or extends protection to help cover additional risks. A rider serves an expanded purpose to secure your home based on your identified circumstance.

Why the Need for a Homeowners Insurance Rider?

A typical homeowners insurance policy comes with a set of standard protections like dwelling coverage, other structures coverage, personal property coverage, and personal liability coverage […]

Alarming Auto Damage Claims Statistics That You Should Be Aware of

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Auto damage claims

A recent 3-year study from the Insurance Research Council shows that auto physical damage insurance claims have increased substantially in the last few years. The study looked at over 200,000 claims to identify different patterns in auto physical damage insurance claims. The study showed that the average payments increased 4 percent over the study period. The Consumer Price Index for maintenance and repairs grew 2 percent.

Increased auto damage claims are a common reason why auto insurance costs continue to rise. Analysts point out that vehicle technology continues to evolve, making it more complicated to assess issues regarding […]