Property, Casualty and Liability Insurance
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State-by-State Minimum Coverage Requirements Sep 8, 2008
All states have financial responsibility laws that either explicitly or in effect require you to purchase at least some auto insurance. Although coverage requirements vary from state to state, you will typically need to buy some level of liability coverage. Other types of auto insurance coverage may be optional or required, depending on the state in which you live. |
Tax Planning Tips; Auto Insurance Sep 8, 2008
It's no secret that auto insurance can safeguard your assets and provide you with peace of mind. But did you know that auto insurance may also benefit you at tax time? Certain insurance-related costs can be deducted on your individual federal income tax return. You'll need to know what can be deducted, and how insurance reimbursements can affect those deductions.
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Understanding Your Homeowners Policy Sep 8, 2008
Reading a homeowners insurance policy for the first time can be intimidating. With all the jargon, exclusions, and conditions you'll encounter, you may start thinking that Mom was right--you should have gone to law school after all. Nevertheless, all homeowners policies share certain common elements and follow a recognizable design. Once you understand the roadmap, you'll be able to make sense of the provisions and locate key information when you need it.
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Understanding Your Personal Automobile Policy Sep 8, 2008
Let's be honest: Reading an auto insurance policy is no fun. After all, an insurance policy is really a legal contract. It contains a lot of dry, technical, legal language as well as jargon specific to the auto insurance industry--not exactly Saturday-afternoon leisure reading. Nonetheless, it's probably a good idea to sit down and thoroughly read your policy. Don't wait until you have a car accident--by then, it may be too late.
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Uninsured/Underinsured Motorist Coverage Sep 8, 2008
Even though almost every state requires its motorists to have auto insurance, many people drive without it. So if you're a car owner, you should be concerned about having an accident with an uninsured motorist. Fortunately, your own personal auto policy already has you covered. The uninsured motorist (UM) coverage section is designed to cover you for injuries sustained in an auto accident that's caused by another driver who is either completely uninsured or has less than the minimum insurance required by state law. UM coverage also protects you when you're the victim of a hit-and-run accident where the owner or driver of the other vehicle can't be identified.
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When You Apply for Insurance, Your Credit History Counts Sep 8, 2008
Did you know that insurance companies typically consider your credit history, whether positive or negative, when you apply for auto or homeowners insurance? Insurers may use your credit information when deciding whether to approve your insurance application and when determining the premium you'll pay.
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