Jul 27, 2022
Is Eviction a Possible Consequence of Not Carrying Renters Insurance?Most U.S. landlords require tenants to have renters insurance. This brings up the question of whether or not your landlord can evict you if you can't afford this coverage. There's no straight answer to this question, mainly because eviction largely depends on the tenancy agreement terms. For instance,...
Jul 20, 2022
How Should You Choose a Life Insurance BeneficiaryChoosing the beneficiary for your life insurance might not be as simple as you think. It's is not easy to transfer bank accounts to change or update your beneficiary. As a result, you must learn how your life insurance provider handles beneficiaries. Here are a few tips to help you choose the best beneficiary...
Jul 13, 2022
How To Proceed If Someone Is Driving Your Car and Causes An AccidentOccasionally, you may be tempted to let a loved one drive your car. Perhaps you have purchased a new car and would like your friend to celebrate the experience with you. Unfortunately, disaster strikes. Your loved one is involved in an accident while driving your car. Perhaps you are unaware of how this...
Jul 06, 2022
Negotiating a Change in Your Home Insurance ValueThe money you paid for your home is an investment. The homeowners insurance coverage you purchase is the protection for that investment. The amount of protection you purchase will be different than what you may have paid for your home when you bought. The value of your home will change throughout the...
Jun 29, 2022
Comparing Comprehensive vs. Collision Auto InsuranceFinding the right car insurance policy can be a complicated process. There are multiple types of coverages that you can add to your policy. Your insurer will also assess multiple variables to help determine your rate. One of the most important decisions you'll have to make when finalizing your policy...
Jun 22, 2022
Costs and Coverage Requirements for California Flood InsuranceCalifornia does not require a homeowner to carry insurance on their house or personal property. Lenders who offer mortgages, however, do require it. In most cases, homeowners in California will do whatever they can to protect their homes and belongings. This includes purchasing flood insurance in addition...
Jun 22, 2022
What Happens to Your Mortgage If You Lose Your Homeowners InsuranceA mortgage is a legal and binding contract that is full of stipulations. One of which is to make sure all of your payments are made on time. Another stipulation is that you carry a homeowners insurance policy that will cover the cost of your mortgage if your home is ever damaged or destroyed. If you...
Jun 15, 2022
Breaking down the Cost of Earthquake Insurance in CaliforniaHomeowners insurance doesn’t typically cover earthquakes. So as a California homeowner, you should carry earthquake insurance if your property is to be fully protected. On average, in California, earthquake insurance costs $3.54 for every $1,000 of insurance coverage. This means to insure your single-family...
May 25, 2022
Do Multiple Car Insurance Claims Impact My Premiums?If you file a car insurance claim, your insurer will likely consider you high risk, and therefore, raise your premiums. They will further increase your premium if you file multiple car insurance claims in three years. The period (either the same week or a year apart) between two claims doesn’t matter,...
May 18, 2022
How Do Insurance Companies Pay Homeowners Insurance Claims?Homeowners' insurance claims payout periods vary depending on your state and insurance company’s requirements. However, the process of settling claims typically follows certain procedures. Here is a look at how a claim is assessed and paid. How Is Damage Assessed During a Claim? Once you file a claim...
