Every insurance policy has a section popularly known as “the fine print,” though its actual title is “Exclusions.” Exclusions are provisions in an insurance policy describing losses that the policy will not cover. For example, a homeowner’s policy does not cover losses caused by the use of cars, and a business auto policy does not […]
Category: Personal Protection
Three Things to Know About Permanent Life Insurance
Benjamin Franklin, famous founding father of the United States, once wrote, “In this world nothing can be said to be certain, except death and taxes.” Unfortunately, despite its certainty, far too many Americans fail to prepare for their eventual demise—and they leave their families to pay the price. In fact, according to the Life Insurance […]
What You Should Know about Identity Theft Protection Services
According to the Bureau of Justice Statistics Victims of Identity Theft report, about 17.6 million Americans had their identities stolen in 2014. This theft resulted in more than $15.4 billion in direct and indirect losses. While services—such as credit monitoring—can be convenient, some experts advise that these products don’t do anything one cannot do oneself. […]
Simple Ways to Protect Your Home From Fire
If you believe you’ll never experience a home fire, the odds are against you. The NFPA Fire Analysis and Research Division states Americans can expect to average a home fire every 15 years or five fires in their lifetime. While most of these fires will be small, cause little to no damage, and go unreported, you […]
You Need Flood Insurance
Mother Nature can throw one heck of a punch. And as residents on the East coast learned yet again with the winter storm Jonas, you don’t want to be on the receiving end of her wrath. Unfortunately, she seems to be striking out more often than ever, drenching parts of the U.S. in a series […]
Prevent Common Household Leaks
It’s no secret that household water leaks are bad for the environment. According to the Environmental Protection Agency (EPA), the average household leaks more than 10,000 gallons of water every year. To put that into perspective, your own home may be wasting enough water annually to wash 270 loads of laundry! Ten percent of homes […]
Insurance Coverage as Your Car Ages
In order to legally operate your motor vehicle in the U.S., you must have a car insurance policy in place. The minimum requirements for bodily injury and property damage liability vary by state and must be considered when selecting insurance coverage. These minimums won’t change as your car ages, but the additional coverage you choose […]
Dispose of Documents to Prevent Identity Theft
Identity theft is increasing dramatically in the U.S. today. According to the Federal Trade Commission (FTC), consumers reported more than 490,000 incidents in 2015, a startling 47 percent increase over the prior year’s number of reported identity theft crimes. While identity theft can happen to anyone, certain activities—such as posting personal information on the Internet […]
Questions to Ask Before Passing a Car Down to Your Child
Your teenager just got his or her driver’s license and is begging you for a car. You’ve been thinking about buying a new one anyway, so you decide to give him your current ride. After all, an older vehicle should cost him less to insure as well as repair if he gets in an […]
Is Your Home Over- or Under-Insured?
Shoes that are too tight can hurt your feet. Pants that are too loose will fall down. Whatever clothing you’re putting on your body, it’s important to find the right fit if you want to look and feel your best. The same can be said about homeowner’s insurance. If you purchase more coverage than you […]