Nothing can prepare you for the death of someone you love dearly. However, if you’re a beneficiary of that person’s life insurance policy, you can at least use the policy’s tax-free proceeds to settle their affairs, pay off any debts that outlived them, and replace the income they’ll no longer earn — if the life … Read more
Landlord insurance provides critical financial protection against potentially costly issues that could come up during your tenure as a rental property owner, including structural damage and tenant lawsuits. Even if you own your rental property free and clear, it pays to carry enough coverage to protect against the unexpected. Plenty of insurance companies offer rental … Read more
Your homeowners insurance policy doesn’t cover every mishap that could possibly befall your house, its contents, or its occupants. The nearby creek jumping its banks and sending 6 inches of muddy water through your front door? Nope. A freak earthquake cracking your foundation slab beyond repair? Not a chance. A long-simmering sewer clog finally backing … Read more
Even the best health insurance plans don’t cover every medical expense you could face. Affordable Care Act-compliant health insurance plans cover anywhere from 60% to 90% of the policyholder’s total care costs on average. Plans that don’t comply with the Affordable Care Act, such as catastrophic plans and high-deductible health plans, cover even less. Fortunately, … Read more
It’s increasingly common for property owners to require tenants to carry renters insurance coverage. That’s understandable, as renters insurance limits a property owner’s liability for potentially costly mishaps, like an injured visitor landing in the hospital or a tenant’s possessions going up in smoke. But is renters insurance a good deal for tenants? The short … Read more
Think about everything your family would lose financially right now if you died. Your paycheck would be gone, as would all the things you typically buy with it, from groceries and your mortgage to music lessons and sports equipment. They’d have access to any savings you have — if creditors didn’t take it to collect … Read more
Nearly all states require car owners to carry liability auto insurance. But comprehensive coverage is optional unless you’re still making payments on your car. That doesn’t mean it has no value. It can significantly reduce out-of-pocket repair costs, especially on newer, higher-value vehicles. Of course, that financial protection comes at a cost: higher insurance premiums. … Read more
Your budget gets tighter by the month. You need to earn extra income — fast. So you sit down to think up some side hustles you feel like you’d be good at. Wait, what? It’s not legal, it’s not advisable, and you shouldn’t do it — but you can earn serious money if you’re willing … Read more
What would your loved ones do if you died tomorrow? They’d grieve. They’d cry. They’d reminisce about your time together. But when the shock wore off, how would they pick up the pieces? Would they have the means to continue living as before, or would they need to make drastic changes to their lives? They’d … Read more
How much would you pay for peace of mind? To be secure in the knowledge that your loved ones won’t go wanting after you die? If you’re like most people, your answer is probably “a lot.” Which is good, because one of the most reliable ways to get this peace of mind is also very … Read more
