Having the right kinds of insurance — including good medical, disability, automobile, homeowner, long-term care, life, and even travel insurance — is key to good financial planning. This page about insurance gives you the lowdown on how to successfully navigate the often perplexing world of insurance coverage.
Insurance Deductibles, Copays and Coinsurance: What’s the Difference?
Choosing the right health insurance plan can be a daunting task. In addition to deciding which coverage best suits your needs, you also have to cut through the jargon to ensure you’re accurately comparing health plans. As you shop for insurance, you’ll likely see four terms over and over again: premium, copay, coinsurance, and deductible. [...]
How to Choose an Insurance Policy for Every Stage of Life
When you’re shopping for insurance, it’s important to consider your current stage of life. The coverage you had in your teens may be different from the coverage you require as a senior, so you’ll want to choose an insurance policy that fits your needs. Below are policies you should consider in the different stages of [...]
Five Features to Look for When Shopping for a Safe Car
When I was 18 years old, I got my first new car: a green Toyota Celica. Because I was heading off to college with a one-hour commute, my parents insisted I drive a safe, reliable car, and they gave me $1,000 toward the down payment. They balked at the thought of me driving a car [...]
The Top Six Myths About Life Insurance
How much do you really know about life insurance? There are many myths surrounding it, and some of these myths may prevent people from buying a policy. As you shop for life insurance this year or consider whether you really need it, keep in mind the following six myths that many consumers believe: 1. Single [...]
Shopping for Insurance? Five Things to Remember When Insuring Valuables
The holiday season is upon us, and ‘tis the season to review your homeowners insurance policy. You’ve probably received some nice gifts from family and friends, and it’s important to be sure that your new and valuable items—such as jewelry, furs, antiques, fine arts, and other special collections—are properly insured. While your homeowners insurance may [...]
New Year, New Insurance: Five Types of Insurance You Need in 2014
Now that the holiday rush is over, it’s time to assess what you hope to accomplish this year. You may have already decided to work out more, eat healthier, or pay off debt—but is choosing the right insurance policy on your 2014 resolution list? If it isn’t, it should be. Buying the right insurance policy [...]
Does My Credit Score Affect My Insurance Rates?
With a solid credit score, you are able to borrow money at the most competitive interest rates. But that’s not all—creditworthy behavior could also help you save hundreds of dollars on your insurance policies annually. How does my credit affect my insurance? Most auto and homeowners insurance companies use a type of credit score—known as [...]
Tips for Properly Insuring Your Electronic Devices
Where would you be without your mobile devices and computer? If you’re like most people, it’s likely you can’t imagine living without them. In order to protect your devices—and your wallet—from a costly technology breakdown or loss, it’s important to make sure you choose the right insurance policy. Here is what you need to keep [...]
How the Affordable Care Act Will Make Shopping for Insurance Easier
The Affordable Care Act and health insurance haven't had it easy in the media lately, but the Affordable Care Act should make shopping for health insurance easier for small businesses. While businesses have another year to make sure they’re compliant with the Affordable Care Act, it doesn’t mean small business owners should wait until the [...]
Should I Purchase a Pet Insurance Policy?
For many pet owners, pets are family members deserving of the best care—especially when it comes to their health. That’s why many people consider purchasing an insurance policy in the hopes of saving money on their pets’ health care. According to a survey of pet owners by the American Pet Products Association, pet owners in [...]