You knew your building’s plumbing was old, but you thought you’d be out of there before anything terrible happened to it. An inch of water (and counting) and several panicked calls to your property manager later, you admit you thought wrong. Now, you’re left with the massive, thankless job of replacing numerous possessions, including your … Read more
It all happened so fast. One moment, you’re driving down the street, eyes straight ahead as always. The next, you’re slamming on the brakes to avoid hitting a car speedily reversing down a blind driveway. You barely manage to stop short of the car as the driver throws it into drive and peels away. But … Read more
You weren’t shocked the driver who rear-ended you was tooling around without car insurance. You know there are uninsured drivers on the road. You weren’t too worried about what that would mean for you, either. After all, you’re a responsible driver with solid auto insurance coverage from a reputable insurance carrier. So it shouldn’t matter … Read more
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
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
