Clear communication is important when it comes to your life insurance policy. Life insurance policyholders should inform their primary beneficiaries, as well as their contingent beneficiaries, about the existence of a life insurance policy that names them. If there are valid reasons not to inform the beneficiaries—if, for example, they are young children—it is a good idea to provide this information to the executor of your estate.
Don’t be intimidated by specialized insurance language. Below you’ll find definitions of some of the most common terms used when dealing with auto insurance.
Adjuster
An insurance company employee or contractor who reviews the damages and injuries caused by an accident and okays claims payments.
Bodily injury liability
Usually mandated by state law, this insurance provision covers costs associated with injuries and death that you or another driver causes while driving your car.
Once you have a clear picture of how you use your car and your priorities, you’re ready to shop for insurance. Generally, it’s a good idea to compare policies from at least three different insurers.
You’ll want to consider fundamental factors such as coverage and price, but it’s also worth evaluating prospective insurers as well. The following are the most important factors to consider.
The vehicle you own, your personal priorities and your budget all factor into your unique auto insurance needs. Before comparing policies and insurers, evaluate how you use your car and what risks you face to figure out what options make the best sense for you.
The basic personal auto insurance mandated by most U.S. states provides some financial protection if you or another driver using your car causes an accident that damages someone else’s car or property, injures someone or both.
But to make the best decisions about purchasing other types of auto insurance coverage you might need, you’ll want to understand what’s covered, what’s not covered and what’s optional. In addition to understanding types of coverage, you’ll also want to consider coverage amounts.
El Niño is a phenomenon that has effect on climate patterns, often triggering or intensifying extreme weather all over the world. Understand how these extremes—such as hurricanes or droughts conditions—can affect you as a home or business owner.
A drone is generally classified defined as an unmanned aerial vehicle weighing less than 55 pounds. In recent years, they've become less expensive, allowing recreational users access to relatively sophisticated uses such as aerial photography.
In addition to being fun for their consumer owners, drones can launch host of safety issues and potential insurance claims. So, while piloting a drone might sound like child's play, before you or a member of your family takes flight, be sure to contact your insurance professional.