Category Archives: Insurance

Personal Automobile Insurance: How More Accidents, Larger Claims Increase Costs?

Personal Automobile Insurance

Recent data from the NAIC (Association of Insurance Commissioners)   reveals from 2014 to 2018, car insurance rates in the U.S. rose 30% despite a modest rise of 7% in the number of auto insurance policies. For instance, in 2018, a typical motorist paid $ 1,190 for auto insurance.  In 2020, the typical policyholder paid $1,202

How Compulsory Auto Insurance Laws Impact Society?

Compulsory auto insurance laws

Operating a vehicle comes with a lot of risks. Uninsured drivers are especially dangerous because they have no security net when they are involved in an accident. Unfortunately, many states have been unable to compose laws to reduce the number of uninsured drivers. As a result, compulsory auto insurance laws are starting to emerge. Pretty

Is Business Insurance Necessary for Freelancers?

Business Insurance

As a freelancer, you are your boss, and this can be very glamorous and enjoyable. However, with such great responsibility comes equally great risk. Being your boss means you do not have the luxury of protection that an employee has under their employer’s insurance policy. Regardless of the industry in which you work as a

How Rising Lumber Prices Are Affecting Home Insurance Rates

Home Insurance

At the foundation of every home insurance policy is a crucial factor- a home’s replacement cost. This factor is used to deduce a replacement cost estimate, which is simply the amount of money required to rebuild your house from scratch if the whole structure is burnt down or destroyed in a hurricane or similar disaster.

Things Freelancers Should Know about Getting a Life Insurance Policy

Life Insurance Plan

More and more people are choosing freelancing as a career, especially in the wake of the pandemic that left many people jobless. A 2014 study by Upwork, a freelance platform, revealed that one in three Americans had undertaken a freelance project over the past year. This number has only grown since then. There are many

Do I Need Another Life Insurance Policy If I Have One from Work?

Life insurance Policy

If you’re a salaried employee whose employer provides a life insurance policy, you might be tempted to think it’s enough. If you’re young, single, and debt-free, it might be enough. However, if you’re not, it probably isn’t. There is no legal limit to how many life insurance policies you can get. Despite this, insurance companies

Tips to Organize Your Legal, Financial, and Insurance Documents

Organize Your Important Documents

No one wants to spend time on the task of organizing documents. What you may not realize is that you’ll have to tackle this unpleasant task at some point. Doing it now rather than later on as and when the need arises is highly beneficial. Leaving it to the last minute sucks up energy during