Property and casualty insurance describes various insurance products that protect your assets (home, belongings, cars) and you when you’re legally responsible for damages to someone else’s property or another person’s injuries. Definition and Examples of Property and Casualty Insurance Property and casualty (P&C) insurance are two types of insurance. The property insurance side protects your personal … Read more
Thinking of renting out your home? Then you may need a landlord insurance policy. Here’s what you need to know to decide if you should get landlord insurance, some money saving tips, and coverage needs to consider if you are renting your house to others. What Is Landlord Insurance? Landlord insurance is the kind of … Read more
Whether you’re a new homeowner or you’ve been repaying your mortgage for a while, you can financially protect your home through a few different insurance options. If you’re a new homeowner, you may have recently received an offer of mortgage protection insurance in the mail. It may come in the form of a postcard, or … Read more
Credit unions and bank accounts are among the safest places to keep your money. But what happens when financial institutions fall on hard times, as they did during the 2007–2008 financial crisis? During that period, numerous banks and credit unions failed as a result of bad investments. Fortunately, account holders are often protected by deposit … Read more
When you quit or lose a job, the thought of losing your health care plan can add to your worry about the future. The good news is that under the Consolidated Omnibus Budget Reconciliation Act (COBRA), most people who work for public or private entities with 20 or more employees can keep the health plan … Read more
There are times when it’s necessary to cancel a health care plan, such as when you start a new job or age out of your parents’ coverage. Sometimes, terminating health insurance is as easy as making a phone call or accessing your online account. But policy rules can vary, depending on who provides your coverage. … Read more
You may not need a car for everyday life, but when jetting off to Maui or Milwaukee, a rental car might be essential. But can you rent a car if you don’t have auto insurance? And if you already have insurance, will that policy cover rental car damages and accidents, or do you need to … Read more
No one likes to pay more for auto insurance than they have to, but you may be paying a higher premium than is necessary. Auto insurance premiums are rated by insurance companies based on several key criteria: the vehicle’s make and model, safety features, usage and driver information, including tickets and accidents. These criteria are … Read more
The gender gap is highly talked about in everything from wages to the price of razors. In general, women pay a “pink tax” on supplies marketed directly towards them, and also earn almost 20 percent less on average than their male peers. But there’s one area in which it pays to be a woman, and … Read more
An insurance premium is the amount of money the insurance company charges you for your insurance policy. How an Insurance Premium WorksInsurance costs money, but one term that may be new when you first start buying insurance is “premium.” Typically, the premium is the amount paid by a person (or a business) for policies that … Read more