A Personal finance blog for saving money and earning more and thus having a better life
Everyone has been there; out and about, you put your hand into your pocket or bag to find your phone and your heart skips a beat as you realize you can’t find it.
Most of the time it would’ve just buried itself deep away from you, but there is always the slim chance that it will have been stolen. What do you do in this scenario? Let’s take a look at some of the ways you can help yourself.
As I stated earlier, Insurance is defense, whereas investing is offense, in the game of life. Fundamentally, we buy health insurance in the same way as we purchase a car or home insurance. We buy health insurance mainly because it is meant to secure ourselves from financial woes in case we get sick or experience some unexpected accidents in the future.
However, this is a very narrow perspective of getting a health insurance; if you would think deeper, by getting this type of insurance, you’re able to properly handle persistent physical condition and you stay vigorous which only means to say that you’re able to prevent this certain condition from getting worse.
A comprehensive car insurance is the best type of insurance for your vehicle. This type of policy will cover all kinds of damage. This means that the company will grant coverage for damage caused by the driver, as well as coverage for third-party liability.
We came to the USA in 2005 and within 1 month from getting our first car, we were hit by hurricane Wilma. The windshield got shattered. Thankfully I had the comprehensive coverage. An ‘Act of God’ was covered under this type of insurance coverage. Since then I am carrying this clause although I never had to use it again.
Auto insurance can be really confusing and complicated. There are a lot of things that you need to take into consideration prior to purchasing car insurance, and then you have to figure out which company to go with. So, how to maximize auto insurance savings?
With seemingly endless options out there, choosing the right coverage and right company for your car insurance can be overwhelming at the very least. Thankfully, there are a lot of ways you can save on auto insurance. There are plenty of tips on how to get the lowest rates on your car insurance.
Have you ever been victimized by highly priced auto insurance? In actuality, there are a great number of car owners who feel imprisoned and distressed by their auto insurance policy. Large firms promote their brand names with decorative ads and it is quite daunting if not impractical to just ignore the jazzy advertisements and find the best price available.
Behind these jazzy lines, hidden is truth, yes you can save on auto insurance. There are a few proven ways to reduce your premium.
If 15 minutes can’t save you 15% or more, 15 days sure can. Just be prepared.
Recently, while on my way home from work, I heard on NPR radio that one insurer was offering up to a 15% discount on life insurance if you were to wear a Fitbit and let them track your daily exercise routine. The more you exercise, run, walk, the more of a discount you’ll earn.
Yet according to the same NPR report, the new generation of potential policyholders are not biting. Life insurance ownership is at the same level it was in the 1970s. And that’s despite the population growing by 20% since then.
While all life insurance policies serve the same general purpose – providing funds to your family in case of your death – not all types of coverage are equally ideal for you and your family’s long-term financial future.
Like the IRS, life insurance companies can make it difficult to understand all the fine print, terms and conditions. Sales representatives, agents, brokers and financial planners can also make things worse by marketing certain policies because of the huge commissions they earn after each sale.
When it comes to reducing debt, many people ignore the insurance line on their budget. They need insurance, so it becomes an untouchable expense with which they feel helplessly saddled. Look at your expenses towards insurance coverage, life insurance premium in your paycheck, auto insurance bills, home insurance receipts, etc. They add up to a huge number!
I am not asking for stopping your coverage. That’ll be suicide. Remember, I always say insurance is an important defense for your financial security. Insurance is required but, you can save money on your insurance coverage. You just need to know how. Here are three ways you can reduce your insurance debt with some simple financial “housekeeping.”
Insurance is the defense for your financial team (as an investment is an offense). When it comes to car insurance, you have a lot of choices and Car Liability Insurance Coverage is one of them. Since you have many choices, you should know as much as possible to decide on the coverage. You should know the facts and myths so that you can make informed decision
My coverage limits are absolutely minimum as per Florida state law. But, I am not asking you to go for the absolute minimum requirement, it must be driven by your absolute need. The amount of deductible you can afford, the amount of emergency cash you have saved, etc.
This guest post is for our international readers, especially readers from UK, Australia and Ireland. Enjoy this post on Income Protection Insurance!
Income Protection Insurance is an excellent way to ensure that you never lose out on the income you depend on, even if you become incapacitated and unable to work. IPI is not available in many parts of the world, so Australians should count themselves lucky that it is made available to them, for their own stability and peace of mind. If you are considering buying some Income Protection Insurance for the first time, or if you are unfamiliar with this type of insurance, here are three things to know.