Category Archives: Insurance

How Much Insurance Do You Need for Your Home?

Your home is one of the largest investments that you’ll make in your lifetime; this is why you should have adequate insurance in place to protect your assets and personal belongings. Insurance cover protects the contents of your home and the structure itself in case of fire, theft, and other disasters that can happen. It’s important to know just how much insurance you need so that should disaster strike, you’ll have enough money to replace your belongings and return to a normal way of life as soon as possible.

home insurance

Your Needs

You will want enough coverage so that should your home be totally destroyed you can rebuild and replace the furnishings just as you had them originally. You can hire a contractor in your area to do a walk-through to provide you with an estimate of the cost of rebuilding; this is an excellent method of determining replacement cover. Take note also of any special details or architectural designs that will need to be covered specifically. You can explore the advantages of guaranteed replacement costs as well as extended replacement and inflation guarantee coverage for your home. If you live in a flood prone or earthquake zone you’ll want to inquire about special cover for your home since these disasters aren’t covered on basic policies.

The Deductible

The deductible on your insurance policy will be comparable to your healthcare or auto insurance; the higher the deductible the lower your premium will be. Try to take the highest deductible that you can afford so that your monthly premium will be affordable, but don’t stretch your budget to the point that you can’t pay the deductible when a crisis happens. Remember not to file a claim for everything that happens to your home; this can cause your rate to increase. You should have the skills and talents to do some repair work yourself or call on friends and family to help you out when they can. By keeping your home properly inspected and maintained you’ll prevent many disasters from happening. Make a priority call list of electricians, plumbers, and other maintenance and services professionals on whom you can call in an emergency situation. Establishing a good working relationship with the local tradesmen in your area can be of great help in an emergency.

Research Your Options

Before you make a final decision on which household insurance policy is best for you, you should take some time to compare companies online and evaluate the services that they provide.  It’s important to choose professionals that you trust, who offer you credible and reliable information, and that attend to details that interest you. Visiting a website like will provide you with exceptional answers and helpful guidelines as you try to decide the type and amount of cover that you need to be safe and secure in your home ownership.

Everyone Needs Life Insurance

Life insurance is one of those things that you do not think about until you need it. Unfortunately, it is something that should be at the forefront of your mind, if not for you, at least for the sake of your family and loved ones. It is a common misconception to believe that once you have reached a certain age it is too late to qualify for life insurance. You may end up paying slightly more for a premium, but the value you derive from such a policy far outweigh the costs. Just because you have a pre-existing condition does not mean you are not qualified for life insurance either.

Term life insurance is perhaps one of the most popular types of insurance. It is otherwise known as guaranteed insurance in that it is good for the life of the term, or at least as long as you stay current on your premium payments.

When shopping for a life insurance premium it is important to not fall for the advertised rate. Premium rates depend largely on a variety of different factors. Some of the factors include age, lifestyle, existence of pre-existing conditions, as well as family medical history. If you are not well versed in the world of insurance, it may be a good idea to seek the advice of a licensed professional. Sometimes the fine print can escape someone who is not knowledgeable in different types of insurance policies, which makes places like all the more important.

Of course there are many different types of insurance aside from term life insurance. Depending on what your needs are you may be best suited for a different type of insurance. It may be a good idea to evaluate where you are in your life and what your needs are in terms of a life insurance policy. Again, this is where an experienced professional can come in handy. Do not commit to any policy before you are 100% sure that it will be beneficial to you and your family.

For Richer or Poorer – Are You Covered?

I’ve been married for 6 months now, and the anniversary of our engagement is approaching. We’re still adjusting to life as newlyweds, and it’s been a turbulent ride, mostly due to finances. With the layoffs, benefits have absolutely gone out the window. Insurance such as medical, dental, and vision come to mind, but how many of you have life insurance policies on your spouse? What about renter’s insurance, home insurance, car insurance?

Why You Need Life Insurance

Life insurance is essential in the event that your spouse passes away. It will help you take care of your children, handle outstanding bills, and assist you with the transition from two incomes to one. Many people think life insurance is expensive but you can get an affordable policy that fits in your budget. If you’re young like we are, you can find life insurance for under $20/month if you’re both in good health and choose term life insurance. If you choose whole life insurance, you’ll pay a lot more, but it’ll be a fixed price throughout your life. Costs depends on your age, your health, and the length of your plan. You can purchase insurance through your job, your bank, or through an independent agent or company.

Why You Need Renter’s Insurance

When we first rented our apartment, the sales associate asked if we’d like to purchase renter’s insurance. When we said yes, initially, I thought it was an upsell, but I learned it would certainly come in handy. Thankfully we didn’t have to cash in on it, but if there was a fire or something happened to our complex, we would’ve had things under control. It was a one time fee and quite affordable.

Insure Your Engagement Ring

You may love your diamond, but the chances of you losing it aren’t as slim as you may think. My ring cost a whopping $400, so insuring it isn’t on my list of things to do. If I lose it, I’ll most likely just get a replacement. For you lucky ladies that got rings that costs several months worth of salaries, you better check out your options. Ask the retailer where your ring was purchased if they have plans, especially for you ladies who never take your ring off (many stories of rings falling down the drain).

Join the Same Auto Insurance Plan

Did you know you can get a discount on auto insurance if you’re both on the same plan? Hubby and I are still covered under our parents’ plans because it makes sense for now, but once we’re back up on our feet, we will join forces and get a discount, making insurance a lot more affordable for married couples in their 20s than they would’ve thought. Compare car insurance online and see if your costs drop as a married couple.

Newlyweds don’t really think about insurance until it’s too late. Sit down and talk about different coverage options, make sure you are beneficiaries on your plans, and keep all of your documents in a safe place.