Your home insurance policy will help you through a wide range of issues. Whether you've had a small fire in the kitchen, a break-in, or a tree that has fallen into your roof, you can file a claim, speak to an insurance adjuster and have the work repaired at no cost to you beyond paying your deductible. Unless you've thoroughly gone over the terms of your insurance policy or spoken at length to your local agent, however, you might be under the assumption that some things are covered.
If you have a mortgage, having homeowner's insurance will be required by your mortgage lender. That said, you cannot simply buy a policy and forget about it. There are things that can change your homeowner's insurance coverage if you are not careful.
New Additions and Renovations
Are you going to add an addition onto your home or perform an extensive home renovation project? It is best to look into how these changes will impact your homeowner's insurance premiums.
Driving for a ridesharing company offers a convenient way to make extra money, but you'll want to make sure you have adequate coverage for your vehicle. If you are considering work as a rideshare driver, here are some things you should know about your vehicle's insurance.
Inform Your Insurance Company
Before you begin working for a ridesharing company, inform your insurance carrier. You may be able to drive on your current policy, but some carriers may not provide coverage for your vehicle if it is used for commercial purposes.
As a homeowner, having home insurance is a must for financial protection. In fact, having a home insurance policy is probably required of you by your lender if you have a mortgage. This is why it's important that you know how your policy works when it matters, which is after your home has suffered from damages and you need to make a claim for coverage. Here are four tips for making this process successful:
Like the mortgage and utility bills, insurance premiums on homes and cars are often considered to be fixed expenses in the family budget. In fact, many people just automatically make the premium payments each month without even stopping to wonder if their coverage is correct or whether they are missing any opportunities to reduce the overall cost. If you are guilty of putting your insurance premiums on autopilot, now is a great time to learn some important points about home and auto insurance that can help you improve your coverage and help to lower your overall cost.