Purchasing your first house can come with many questions regarding its amenities, square footage, and location. While the price of the home can be one of the most significant determining factors of whether you make an offer or not, you’ll also want to consider the other costs once you’ve moved in.
Home insurance is a big expense that you’ll need to pay to protect your home, and in some cases, there can be requirements about the extent of coverage from your mortgage lender.…
Do you have a need for life insurance? Unsure of what type of life insurance is right for you? There are many types of life insurance policies, but they generally fall into two categories - term and permanent. Permanent life insurance is just what it sounds like. The coverage lasts for your entire life, assuming you make the required premium payments.
With term insurance, the coverage is temporary. You pay premiums for a set period, like 10, 20, or 30 years.…
The two main options you have when buying a life insurance policy are to purchase a term life policy or a whole life policy. For many people, the option of whole life insurance will be the better option. However, there are both pros and cons associated with whole life policies. In order to ensure this is the right type of policy for you, it is important to consider both these pros and cons.…
Car insurance is mandatory in most states, although not many people fully appreciate its purpose until they need to file a claim. Unfortunately, certain mistakes can cost you because any errors made when buying the policy are likely irreversible by the time you’re filing a claim. Below are three mistakes to steer clear of, whether you are renewing your insurance or it’s your first time purchasing:
Reserving Information About Your Driving History…
Car insurance is all about risk, and modifications can sometimes increase the risk of an accident or theft.
Some car modifications are riskier than others, and your insurance company will likely have different opinions on what is and isn’t risky. Here are three car modifications that you should definitely inform them about:
Upgrading Your Engine Control Unit (ECU)
As anyone who has done it knows, upgrading your engine control unit (ECU) can be a great way to improve performance and fuel efficiency.…
Standard homeowners’ coverage, which the insurance industry refers to as an HO-3 policy, might be inadequate for your old home. The inadequacy risk is especially high if the home still has most of its original materials. Thus, you should consider alternatives to the HO-3 policy or supplement the policy with add-ons. Below are some of the options available to you.
HO-8 Policy
An HO-8 policy targets properties whose replacement values exceed their market values, as is the usual case with older homes.…
Your auto insurance rates will likely increase after an accident. The rate increase is not a punishment from insurance companies. Rather, post-accident rate increases reflect the changed circumstances and new risk determination. Below are factors determining the possibility and extent of a rate increase after an auto accident.
Accident Cause
Your auto insurance rates are sure to rise if you cause an accident. Even a single at-fault accident increases your rates.…
Cyber-attacks are not a new phenomenon. Yet, there are many misconceptions people have about them. And one of the widely spread beliefs that some people assume is that hackers solely target large corporations that make millions of dollars in profits, but this is incorrect. Admittedly, big companies are at a higher threat of cyber-attacks. Nonetheless, this does not mean that their smaller counterparts are exempt.
If anything, since small businesses do not have tremendous budgets as large corporations do, the small businesses tend to be at a higher threat of cybercrimes due to the lack of adequate cyber protection.…
When you’re shopping for homeowner’s insurance, you’ll find that the premiums vary widely depending on the coverage limits as well as the carrier that you’re working with. However, while it’s important to know that your coverage selections and carrier will affect your premiums, it’s equally important to understand that there are factors that can contribute to those costs. For example, when it comes to your liability coverage, it’s important to know what can affect your premiums.…
