Most Common Home Insurance Mistakes

Home insurance is a necessity, but that does not mean that all insurance policies are the same or that there is no work that needs to be done by you to ensure that the insurance remains valid. Here are some ways to avoid the most common mistakes that people make when it comes to their home insurance.

Borrowing Against Life Insurance - What You Need to Know

There is a way to get access to lending in a few days, usually with low-interest rates and without having to go through credit checks. It is what makes borrowing against life insurance policies attractive to many people. It may be a great option if you need cash fast and without as much paperwork as the banks may put you through, especially if you have a bad credit history. However, it should not be mistaken for free money. It comes with its own risks and disadvantages that should be considered first. Here is a look at what borrowing against your life insurance policy looks like.

Car Accidents: What to do in Worst Case Scenarios

You may not be able to avoid them altogether but what you do right after a car accident can lessen the troubles of dealing with its aftermath. Knowing what to do when you get into an accident can help both parties ensure the quick settlement of your car insurance claims and, of course, keep you out of trouble with law enforcement.

Insurance for People that are Pursuing Financially Independence or FIRE

For many people, being financially independent means being able to afford to live your lifestyle with assets aside from your monthly paycheck in the form of passive income. Many people set this as a goal for themselves to pursue and it’s not hard to see why. Achieving financial independence early on can boost your savings and get you closer to an early retirement.

When to Hire a Lawyer After a Car Accident

If you have just been in a car accident, the task of finding an attorney may not be the easiest thing to deal with on top of damage to your vehicle, calls from insurance companies, dealing with the other drivers involved, and healing from injuries. However, there are some cases in which contacting an attorney is highly recommended after you have been in a car accident.

Yes you can. Your client owns their life insurance just like a house or car. When they struggle with upkeep or don't need or want their policy anymore you can help them sell it to a third party, a transaction known as a life settlement. Selling their policy often is the best option for your client, especially when they face involuntary lapsing. 

Insurance Startups Changing How You Buy Car Insurance

Traditional car insurance base driver’s rates on a number of factors. There is usually a very long and detailed questionnaire, that ask questions like number of eligible drivers in the house, how long have you been driving, your current zip code, your age, the number of accidents, number of any moving violations, do you rent or own your home, job title, highest level of education, the number of miles driven etc. Now you may ask yourself, what do all these questions have to with getting my car insured? Traditional care insurance companies take the answers to all these questions and load them into an algorithm to determine the risk factor of you having an accident. Based on those answers, or the results the algorithm uncovers, traditional car insurance companies will decide to insure you or not insure you, or give you a higher rate. The bottom line is traditional car insurance is based a combination of many factors, but the most important factor is demographics and driver’s history.

Insurance for a Home Based Business

Running a business out of your home is a popular choice in the United States. It is estimated that there are approximately 32 million home based businesses which include people operating their business on a part-time and full-time basis. There are a number of insurance issues that arise from running a business out of home including the business property in the home as well as liability issues. There are other insurance issues to take into consideration as well such as commercial auto insurance, professional liability, and workers compensation if you employ others in your business.

Insurance for Cleaning Service Businesses

Whether your business is a maid service, janitorial, or carpet cleaning, having the right insurance will protect it from costly lawsuits if something goes wrong. There are certain insurance policies that every business needs, these types of businesses included. The two main policies are general liability insurance and property insurance which can be purchased separately or packaged together in a policy called a business owners policy. As these types of businesses have vehicles involved another necessary insurance policy is commercial auto insurance coverage.

Workers Compensation: A Complete Guide for Business Owners

Odds are if you own a company and have employees you need to buy workers compensation insurance as a requirement of doing business. The purpose of workers compensation is to help employees of businesses who get hurt while working on the job. These types of insurance policies are designed so that employees who are injured while performing their jobs will have the resources needed to deal with their injuries and get back to work when they are able to do so. A workers compensation policy also provides benefits to the dependents of an employee if that person is killed on the job.