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October 1, 2013, is the beginning of a new era in healthcare. That’s when you’ll be able to sign up for insurance on the new state or federally-run health exchanges. While some people get insurance through their employers, others who work part-time or don’t work will have to get their insurance through a health insurance exchange once the individual mandates take effect. The government is instituting tax credits, or expanding Medicaid in some states, to help more people afford enrollment in health insurance plans. (more…)

Property insurance is a must have for every home or property owner. Do you know how much insurance you need? There is a tricky trade-off to be made here. On one hand, you can have a ton of coverage and pay an arm and a leg on your premium each month. Conversely, you can pay a lower premium, but you may end up lacking coverage when you need it. This post will, hopefully, shed some light on how to decide what coverage you need. (more…)

Many people have life insurance policies to cover their families expenses in the case of their death, but some go a different and slightly more risky route. A normal life insurance policy uses a policyholder’s age, the term of the policy and the coverage amount to calculate premiums to be paid annually. The money a life insurance policy pays when it is collected is called the sum assured. (more…)

When you have a medical emergency, the first thought might be to rush to the emergency room at your local hospital. However, that may not be the most frugal choice and there are other options for preventative, emergency, and maintenance health treatment that don’t have to leave you with tons of debt for years afterwards. (more…)

Quick! Go get kidnap insurance, you could be nabbed at any time! No, not really. Most of us don’t need kidnap and ransom insurance, though instances of it’s purchase are on the rise. K&R (Kidnap and Ransom) insurance is very helpful for people living in areas which have a high incident of kidnapping. K&R insurance generally covers you in case of things like kidnapping, extortion and hijacking as well. In most cases, K&R insurance will protect you if you have been forced to pay a ransom. The company will then pay you back for your loss. (more…)

There’s so many health insurance options out there today, it’s easy to be overwhelmed by the technicalities and jargon. Many consumers try to save money by getting cheap policies, only to find that the policy they have purchased is completely useless. There are no magic tricks when it comes to saving money on individual health insurance, but there are plenty of scams that make it easy for consumers to waste money.  (more…)

How much insurance do you need? Many assume that all we need is homeowners and auto insurances to cover our assets in case of accidents. If you are sued after an accident, however, the amount you owe may easily cross the limits of your liability insurance. While no one expects to have such a traumatic thing happen to them, it is not out of the realm of possibility. Normal insurance doesn’t cover events of the scope of a massive lawsuit, however umbrella insurance can. (more…)

If you own a car then you probably have car insurance, especially because it is legally required in most states. Finding the best car insurance is not a simple task, but is something that every driver should do to ensure that they are properly covered in the case of an incident. If you don’t know where to start, take a look at the tips below to get started in the right direction. (more…)

Travel insurance is very important for those who are constantly traveling. Travel insurance covers emergencies which may arise on trips; whether the trip is for business or pleasure does not matter. There are many different policies that provide all sorts of varied covereage, so you’ll have plenty of choice when you select your policy. Before you sign on the dotted line, however, make sure to read the fine print! If you are confused by the insurance jargon littering your contract, then read on and we’ll tell you everything you need to know about travel insurance. (more…)

It’s important that you consider your life insurance policy far before you’re ever in need of one. It’s easy to make a few simple mistakes with your policy that could end up leaving your beneficiaries high and dry if a tragedy befalls you. Doing something like cancelling your policy during a financial downturn, like a recession, can be a drastic mistake with unintended consequences. We are going to discuss some of the most common mistakes that should be avoided when buying or considering a new life insurance.

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