Insurance & Personal Finance, in plain English.
Many people have good reasons to purchase life insurance, but some people don’t need it or will find only a minimal benefit in its purchase. While this is true for both whole life insurance and term life insurance, this article specifically addresses term life insurance. Term insurance is designed to…
Only 4 out of ten renters have a renters insurance policy. It’s easy to understand why someone might need insurance for a house, or for a car. These can be expensive items, and we’d often want coverage for these items to protect us from financial loss if they were damaged.…
Subrogation in an auto insurance claim is the process in which your auto insurance company works on your behalf to collect from the other party’s insurance company if your vehicle has been damaged and it is believed that the cause of the damage was the other party’s fault. In addition…
A standard homeowners insurance policy, also called an HO-6, covers only specifically named perils. A peril can be thought of as a risk, something that can cause damage to your home. Some named perils are broader in scope, meaning more potential losses would be covered under that particular named peril.…