For new drivers, earning that license may seem like the biggest challenge when it comes to driving. However, obtaining the right car insurance is another obstacle many drivers donâ€™t consider. These tips will help you keep in mind all you need to know about car insurance as a new driver. Consider Your Car Insurance Coverage If you are driving a car that is registered in your name, you likely need car insurance. It is the law in most states. However, there are several different types of coverage. Understanding all of the coverage types is the first step in determining the type or types of insurance that will best meet your needs. Liability insurance is the most frequently discussed type of insurance because it is required in most states. It covers the cost of both injuries to other parties and property damage in the event of an accident. Personal injury protection…
To anyone in the process of buying a home for their family, the concept of mortgage insurance makes a lot of sense: If something happens to you, your family will have enough coverage to pay off the mortgage. However, it may make more sense to purchase a term life insurance policy instead. In order to compare term life insurance and mortgage insurance, we must first define the two main types of mortgage insurance. The first type is called private mortgage insurance (PMI). If you buy a home with less than 20 percent down, you are usually required by law to have this coverage. PMI protects the lender, not you. Letâ€™s say you default on your home loan. Your PMI will reimburse the lender if he or she is unable to re-sell your home for the amount of your mortgage. Because PMI is expensive, most people cancel it once theyâ€™ve paid…
Insurance bundling isn’t just cramming all of your insurance paperwork into one big manila envelope – it really refers to buying more than one insurance policy from the same provider. Insurance companies claim that bundling can save you hundreds of dollars and hours of time. After all, most people need multiple types of insurance, and buying it all in one place certainly seems like less of a headache. In general, bundling can give you access to exclusive discounts and save you time, but itâ€™s not always the least expensive choice.
Types of Insurance You Need
From pet insurance to insurance protecting against specific diseases, there are hundreds of insurance products on the market. What types you need depend on your situation.
There are several types of life insurance available, and a life insurance policy can be tailored to an individualâ€™s unique situation and specific needs. Itâ€™s safe to say that everyone can receive some kind of benefit from having a life insurance policy.
Term life insurance generally has lower premiums, and it can be easily adjusted to accommodate a change in an individualâ€™s needs, making it a great, adaptable option for every one.
While most people associate the need for life insurance with home ownership and starting a family, there are other situations where it can, and will, be beneficial.
First and foremost, life insurance will help cover funeral costs. Funerals generally range from $9,000 to $15,000 dollars, and the loss of a loved one is heard enough withoutÂ worrying about finances. A basic policy can lift some of the burden off of your familyâ€™s shoulders by allowing them to take time off from work to grieve and organize a funeral.
St. Patrickâ€™s Day involves many traditions, the largest and most dangerous of which is drinking. The festive beverages include green tinted lager, Guinness stout and Irish whiskey like Jameson. Itâ€™s fun to indulge, but if you do, donâ€™t get behind the wheel.
Each year, the authorities note an uptick in the number of alcohol-related incidents on St. Patrickâ€™s Day, so with revelers hitting the parades and pubs, police surveillance is increased and cops are extra wary of drivers.
Besides the obvious and serious consequences, such as accidents, arrest, and even death, there are many other less-obvious financial consequences. These include: