Also known as P&C insurance, these are two types of coverage, usually sold together, found in many insurance policies — home, auto or condo. Property insurance, as the name suggests, helps pay to replace your property following a covered loss, whether a car totaled in an accident or a ...
Why does value matter when my car is totaled? Insurance companies define a car as totaled when expenses to repair the vehicle exceed the car’s value. Many insurance companies will reimburse you for your vehicle’s ACV in this case, which is the cost of your car minus any depreciation in...
A car with a rebuilt title may look great and be priced below market but before you jump ahead, there are some things to be aware of. What does a rebuilt title mean? In order to understand what a rebuilt title is, let’s first learn just a little bit more about some of the other...
1. What does a car insurance deductible mean? 2. What kind of coverage requires a deductible? 3. How do I decide what my deductible should be? Table of contents A car insurance deductible is the amount you’d have to pay out of pocket after a covered loss before your insurance coverage...
"Will it mean that students may not return ... ? We are all waiting to see what this next iteration is going to look like." Read: What You Need to Know About College Tuition Costs. Assets that weren't previously considered in the EFC, like farms and ...
How much does the deductible affect your premium? Summary Just about everyone who drives has car insurance – but how much do you really know about auto insurance? Car insurance is required in nearly every state in the U.S. (New Hampshire being the notable exception). Almost all of us buy...
How does a salvage title work? While exact rules around salvage titles vary from state to state, most vehicles that receive salvage titles can’t be driven on public roads. However, just because a car is “totaled” from an insurance perspective doesn’t always mean it’s been reduced to ...
What does full coverage mean? Full coverage car insurance means that you have coverage for damage to your vehicle. Should you cause an accident, the minimum insurance mandated by your state does not serve this purpose. Most states require you to purchase at least minimum levels ofliability cover...
What does "Total" mean in finance? It refers to the complete sum of amounts, like the total cost. 13 Is "Overall" typically an adjective? Yes, e.g., "The overall impression was good." 13 Is "Total" absolute? It can be, especially when emphasizing completeness. 8 Can "Overall" be...
What does gross weight mean? Gross weight refers to the total weight of an item, including packaging and any material used for shipping or handling. 7 Can gross be used outside financial contexts? While less common, gross can describe total quantities or measurements in non-financial contexts ...