Choosing the right type of life insurance is an important decision. Here are some guidelines that to narrow down your best life insurance options. Consider term life insurance if you need life insurance for a specific period of time. Term life insurance enables you to match your needs. For example, if you have young children and want to ensure that there will be funds to pay for their college education, you might buy 20-year term life insurance.
Home insurance policies are long, complicated, and written in legalese. But it can really pay to know what’s in yours and how it works.
“Insurance is a complex product and there’s no harm and no shame in not fully understanding it,” says Alessandro Iuppa, former president of the National Association of Insurance Commissioners. “Most people don’t read a policy until they’ve had a claim denied, and that’s too late.”
You’ve worked hard to build a solid financial footing for you and your family, so you want to be sure that everything is protected. Accidents and disasters can and do happen, and if you aren’t adequately insured, it could leave you in financial ruin. You need insurance to protect your life, your ability to earn income, and to keep a roof over your head. (more…)
For years, security companies have used the long-standing practice of insurers offering discounts to homeowners who install security systems as a selling point. So it was only a matter of time before security and insurance companies would create formal partnerships with benefits to all parties. Two such partnerships were announced recently, with large-scale insurers to provide additional benefits and incentives to each other’s customers.
Proposed legislation in Oklahoma could prevent flood insurance policies from being written or renewed in the state, the Tulsa World reported last week.
According to the Oklahoma Floodplain Managers Association, current bills in the state legislature that prohibit cities from regulating oil and natural gas drilling operations could also come into conflict with the National Flood Insurance Program