The Four Of The Best Car Insurance Discounts

The Four Of The Best Car Insurance Discounts

Do you have the best car insurance discounts? Car insurance is a highly competitive business that is great for individual consumers. Most car insurance companies will keep their rates low to attract and keep consumers. They fight against each other because customers are so fickle and hard to come by, and the insurance companies offer generous discounts to both new and existing customers. Here is a list of the most common types of car insurance discounts and what you need to do to qualify for them. Remember, every car insurance company maintains its list of the best car insurance discounts offered, but these are some of the most common ones from across most insurance carriers. They are also some of the … Read more

Reader’s Question: How Big A Party Is Too Big For Your Home Insurance?

Here is the next installment in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured in an upcoming week’s blog post. If you’re not familiar with Dave Ramsey’s book, you should run right out and get it. It is one of my top ten best personal finance books that everyone should read. Now….on to our reader’s question.

How big does a party have to be to get excluded from you home insurance coverage? Or, what other factors determine your home insurance coverage?

There are limits to what is covered by your homeowner’s insurance policy, and house parties can quickly overwhelm your liability coverage if you are not careful. House party insurance is something that many party givers often forget. But, forgetting to ensure that a party is adequately covered can be disastrous for your finances.

When You May Need House Party Insurance

You may need house party insurance when you're the host.If a child gets hurt in a rented inflatable bounce house or a guest slips next to your pool during a party that you are hosting at your home, you may not be as covered by your homeowner’s insurance as you think you are. There are limits like all insurance as to what your policy covers, and typically events like a house party are not one of the covered items in your home insurance. You may need a special event or umbrella insurance policy to be adequately protected.

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What Is COBRA Health Insurance And Why You May Need It

What is COBRA health insurance?What is COBRA health insurance? Consolidated Omnibus Budget Reconciliation Act (COBRA) is a law that was passed by Congress in the mid 1980s that gives some employees and their dependents the ability to continue receiving health insurance coverage even after leaving employment. There are many times when you need to continue to receive private health care even though you may have lost your job. Health insurance is expensive, but COBRA health insurance can help you cover the gap in coverage until you find a new job with adequate health insurance for you and your family.

Who Is Eligible For COBRA?

An employee and their immediate family is eligible for COBRA health insurance coverage if one of the following qualifying events occurs that results in loss of benefit coverage:

  • Death of the covered employee
  • Employee loses coverage due to involuntary termination
  • Employee loses coverage due to a reduction in hours as a result of resignation, discharge (except gross misconduct), layoff, strike or lockout, medical leave, or slowdown in business operation
  • Divorce or legal separation that terminates the ex-spouse’s ability to receive coverage
  • A dependent child reaching the age when he is no longer covered

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How Tickets Can Affect Your Car Insurance Rates

What is one of the first things that you think about when you get pulled over by the police for speeding or some other traffic violation? I know that one of my first thoughts goes to my car insurance and how much my car insurance premium may go up if I get a ticket. We all understand that tickets affect insurance rates, but many of us do not know how do speeding tickets affect insurance rates and how other violations play into our rates. Now, Insurance.com has done the leg work for you with a new study that they have just published dissecting how much auto insurance rates increase for common driving violations. Insurance.com analyzed over than 490,000 car insurance … Read more

Skipping Home Maintenance Can Be Disastrous To Your Insurance

Water damage from a leaky roof and poor maintenance.

If you are a homeowner, you know that it is expensive to maintain. I never realized how many things you are nickeled and dimed for until buying my first house. Not only do you have your mortgage, insurance, taxes, utilities, and possibly even association dues, but you’ve also got the little things you don’t dream of like home maintenance now falls on your shoulders. The yard or fence needs to be refurbished.

These were not issues when you were a renter. With all of these bills adding up, you may be wondering if you could skip out on something as minor as home maintenance or maybe cut a few corners here and there? Here are some reasons why home maintenance is so important and can affect your homeowner’s insurance.

Pay a Little Now, Or Pay More Later

Home maintenance can be expensive no matter what the project is. Maybe you are replacing a broken sprinkler or repairing some broken boards on your deck? No matter what the project happens to be, it takes time, effort, and money. Some projects are bigger than others, but every project requires all three.

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