Actuarial studies suggest that how people manage their finances is a good indicator of how likely they are to file an insurance claim. So, in most states, insurance companies analyze your credit history to come up with your insurance score. (California, Hawaii, Maryland, Massachusetts, Michigan,...
offers coverage beyond the initial term, while the extended-term nonforfeiture option ensures that some benefits continue even if premiums are not paid. Additionally, it’s valuable to be aware of whetherdecreasing term life insuranceis no longer available, as this can affect your choice of ...
Here is some of what renters insurance may cover, depending on your policy: Personal property coverage: One of the main components of renters insurance is the coverage it provides for personal belongings. This includes protection against damage or loss caused by covered perils such as fire, theft...
Depending on your state’s regulations, personal injury protection may be mandatory, and it is not available in all states. While these are the most basic car insurance policy coverage types, many other options exist. Some of these include gap insurance, rental reimbursement, accident forgiveness,...
First, an Insurance Company May “Deny” any Responsibility for Your Losses. Quite commonly after a crash when you call the at-fault driver’s insurance company, you may get the run-around. Even when liability is obvious, such as when you are hit from behind. The adjuster might tell you...
While own-occupation disability insurance is best for people who have invested a significant amount of time and money to doonespecific job, any-occupation disability coverage is a great choice for people who take more of a jack-of-all-trades approach to their career. ...
Home insurance also protects the homeowner but in a different, broader sense. Home insurance is paid to an insurance company in exchange for coverage for big-ticket items. Home insurance can help cover you during leaks, major accidents, weather events and more. It will help you by paying for...
Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and...
Life insurance is a contract between an insurance company and a policy owner in which the insurer guarantees to pay a sum of money to one or more named beneficiaries when the insured person dies. In exchange, the policyholder pays premiums to the insurer during their lifetime. Thebest life i...
Errors and omissions (E&O) insurance is a type of liability insurance that covers claims against your business for mistakes you made or services you failed to provide. E&O insurance protects your business from claims by clients for negligence, malpractice, errors, or omissions you allegedly made wh...