One of the most confusing aspects of buying home insurance is the issue of add-ons. Add-ons are small additional riders that are attached to your main policy and they can cover an array of different potential losses. Most likely, your insurance agent will bring the subject up and offer to sell you different add-ons that he or she thinks might interest you, depending on your situation. The only problem with the add-ons is that they also add onto your final monthly bill, which can end up being more than you want to pay.
Auto insurance doesn't always cover every aspect of a collision. It depends on your policy and coverage options. Even when you think you know what your insurance will cover, it helps to know a little about how collision coverage works.
Liability Coverage Has Nothing to Do With Your Vehicle
If your insurance consists mainly of liability coverage, then your actual car doesn't have much protection. Liability covers property damage and pays medical bills if there's an accident.
A stolen car is not just a huge hassle. It can also be a devastating financial blow. It's important to make note of the fact that a standard basic collision coverage policy might not even reimburse you for a stolen vehicle.
Even comprehensive car insurance might not necessarily offer coverage on a stolen vehicle, so you need to read the fine print of your policy if you live in an area where vehicle theft tends to be a big problem.
Whether you're living at home while attending community college as a way to avoid hefty student loans -- or you have joined the "boomerang generation" of Millennials whose economic circumstances have required a move back home -- you may be wondering how best to set yourself up for a bright financial future. In some cases, this can mean investing in renter's insurance while you still live under your parents' roof. While your parents' homeowners insurance coverage is likely to provide the depreciated or replacement value of your belongings if they're damaged or destroyed, there are a few exceptions -- and you don't want to find yourself dealing with one of these exceptions after your parents' house has sustained damage.
Being a professional hair dresser can be a dream come true, and when you finally open your own salon, you may be excited about what lies ahead. To prevent legal and financial trouble that could derail your company, proper insurance is something to think carefully about. The pointers below can help you protect what you've worked hard for.
Purchase a General Policy
The most basic kind of commercial insurance policy is one that includes general liability.