Life Insurance Explained in (Exactly) 250 Words

Short and sweet: here’s a quick and dirty guide to life insurance. If your family is still not insured, this summary can help you understand what life insurance can provide for your family. There are many different types of life insurance and some may be better suited for your budget and family needs than others.

There are many misconceptions out there about life insurance. Get started on better understanding how life insurance can help your family on NerdWallet:

What life insurance is: a policy that pays out if you die. When you need it: if your death would cause financial hardship to someone, like a spouse. How it’s priced: based on life expectancy. Any factor reducing life expectancy, like heart disease, will likely mean a higher price. Comparing prices: Even if you have…

Read the source article at Compare Best Credit Card Offers


Flood Insurance, AAA asked the question: Are You Covered?

Your family may think that if you’re not living near the ocean, you have no flood risk. AAA, however, wants to remind families across the US that floods can and do occur in all 50 states.

Flooding is not typically covered by homeowners insurance, so it is important for families to evaluate their flood risk and consider flood insurance. Learn more from AAA on KCSG:

It’s important to understand what is and is not covered by your insurance policy. In most cases, additional coverage is needed to protect your property …

Read the source article at KCSG Television


Your Driving Record: Insurance Companies’ Crystal Ball

Your driving record can help insurers price out your insurance – and not just your auto insurance. Throughout the insurance industry, it pays to have a good driving record. Life insurance and home insurance pricing can be affected by your driving records, depending on where you live and which insurer you choose.

Learn more about the studies behind using your driving record to price insurance on SFGate:

Allstate, meanwhile, is using driving records to help price home insurance . The company began doing so in 2011 in Oklahoma with the introduction of …

Read the source article at SFGate


Pennsylvania Insurance Commissioner Advises Preparation for Winter Weather

Great tips not only for our Pennsylvania families, but for any families in states where winter weather has arrived. Be sure to check on your policies and your assets – you’ll want to ensure you have proper coverage and that you’ve adequately prepared your home and car for winter weather.

Read more on the Insurance Journal to learn what the Pennsylvania Insurance Commissioner recommends:

Pennsylvania Insurance Commissioner Teresa Miller has advised consumers to plan ahead and review their homeowners and auto insurance policies as winter weather conditions like snow, sleet and ice become more frequent. “Winter is coming, and it is important that you …

Read the source article at Insurance Journal


The Hidden Factors That Determine Your Life Insurance Rate

Is 2017 the year you’re finally getting around to getting life insurance to help protect your family? If so, this is great read from NerdWallet on how life insurance rates are calculated.

There are many factors that go into the pricing of life insurance. Not all policies require a physical, however. Read more on NerdWallet to learn what aspects of your lifestyle could affect your rates:

By Jason Fisher Learn more about Jason on NerdWallet’s Ask an Advisor As a life insurance agent, my job is to get my clients the coverage they need at the most affordable price possible. This is more complicated than you might expect. I tell clients their age, gender and desired amount of coverage are the factors…

Read the source article at Compare Best Credit Card Offers


Peter Boutell, Lending a Hand: New year’s resolutions for homeowners

This is a useful list for any families looking to get their home finances in order! These tips from the Santa Cruz Sentinel can help homeowners examine their mortgage rates and look into their insurance policies.

The article raises great points about the changing value of your home – as property values fluctuate, the contents of your home change, and you make changes to your living space, the amount of insurance you need to cover your home can change.

Learn more in the Santa Cruz Sentinel:

This is also a good time of year to run an insurance check on your home. Homeowner’s insurance may cover such things as fire, flood, injury, …

Read the source article at Santa Cruz Sentinel


Here are a few things you may not have known about earthquake insurance in California

For our families in California – are you among the 90% of California residents who don’t have earthquake insurance? Considering how much damage an earthquake can cause, that is a huge amount of California residents without insurance to help cover the cost of repairs from an earthquake.

The Daily News shares some information you may not have realized about earthquake insurance in California, like that rates have been steadily lowering.

Read more on Daily News: 

Few events can damage a home as severely as a major earthquake, yet only 10 percent of California residents have earthquake insurance .

Read the source article at Los Angeles Daily News


10 Smart Insurance Resolutions for 2017

Great tips from the folks at NerdWallet to help you ensure that your insurance is in top shape for the new year ahead. These practical tips can help you make the most of your existing insurance policies as well as help you reduce your risk throughout the year. Less risk could mean fewer claims filed!

Read more on NerdWallet:

Insurance is a financial safety net for when life just doesn’t go your way, but that doesn’t mean you should ignore it when things are going well. Here are 10 things you can do in 2017 to strengthen your net and avoid common insurance claims. 1. Make a home inventory After a fire or natural…

Read the source article at Compare Best Credit Card Offers


Rubin: With sinkhole damage, sorry — you’re not covered

Sinkholes and the destruction they can cause so suddenly are like something out of a nightmare. And as homeowners in Michigan have recently learned, they’re not covered by your insurance. 

What can you do about sinkholes? Luckily for people in most areas of the US, sinkholes are not a naturally occurring phenomenon. For those who are worried that a sinkhole might appear, this article from Detroit News covers what you can and can’t do to protect yourself and your home:

According to a lawyer who tussles with insurance companies for a living, while there are parts of a standard homeowners policy that might seem to …

Read the source article at The Detroit News


How to conduct a year-end insurance review

If your family put off reviewing your insurance at the end of the year, that’s okay! Take some time now to review your coverage to be sure that you have the right policies in place to protect your loved ones and your assets.

Learn more on The Week:

Use this insurance checklist as a starting point to review your policies and … Discount status — Auto insurance is particularly filled with potential …

Read the source article at The Week