Insurance & Personal Finance, in plain English.
Mike S. from NJ asks, “How much term life insurance do I need?” There’s an old-school rule that says when purchasing a term life insurance policy you should buy a policy equal to 10 times your annual income. This strategy may work in some cases, but the issue of providing…
Many insurance agents provide transparency and share details of the process when you request a quote or bind a new policy. Other insurance agents are keeping information from you. Full disclosure regarding the process of writing an insurance policy might not move the sale forward smoothly. It’s easier and often…
The cost of insuring your young or teen driver can be an eye-opening experience, with rates running as high as twice the amount paid for an older driver, and sometimes higher. Auto insurance rates are determined by the probability of a loss based on rating factors. As many as 2,500…
What is Personal Liability Insurance? Personal liability insurance provides coverage for the named insured and resident relatives for bodily injury or personal injury caused to others. There are over 5 million dog bites in the US every year. Some of these bites require medical attention, some will cause longer-term trauma,…
If I have car insurance, do I need to buy rental car insurance? Most of us have been there at some point, lost within a chilled-air moment of temporary confusion when someone at the rental counter asks us to purchase insurance for the rental car. Do I need to buy…
At some point in our adult lives, most of us have carried some credit card debt. In fact, the average American family owes nearly $5,000 to credit card companies. Assuming an interest rate of 15%, an average debt of $5000 for one or more cards is costing us about $750…