Category Archives: Finance Guide

How Long Do I Have To Report An Accident To The Insurance Company?

When an accident happens, it’s essential that it be reported immediately in order to prevent miscommunication between parties involved and allow your insurance provider to assess damages accurately, so you receive all the compensation due. The specific deadline depends on your state and insurer, but most car insurers require policyholders to report accidents “promptly”. Please […]

Does Costco Sell Health Insurance?

Costco Health Insurance Marketplace provides business owners with numerous plans that will protect their employees, but some plans have coverage restrictions or exclusions that should be reviewed carefully in order to avoid surprises. Costco sells health, car, home and life insurance policies that offer competitive premiums and deductibles at competitive prices, both online and in […]

How to Not Renew Progressive Insurance

Cancelling your Progressive insurance policy needn’t be a stressful or unpleasant process. Just be prepared for any potential fees that could arise. People choose to cancel their policies for various reasons. Some reasons could include finding better rates, significant life events and unsatisfactory service; other considerations could include bundling home and auto policies or taking […]

Does Property Insurance Cover Fire?

Homeowners and renters insurance usually provides protection from fire damage up to the limits of their policy, minus any deductible amount. Structures on your property that aren’t attached directly to your home may also be covered under other structures coverage (like detached garages and sheds) while personal belongings will typically be reimbursed either at actual […]

Do You Have To Pay Taxes On Life Insurance Benefits?

Life insurance payouts generally aren’t considered taxable income; however, there may be exceptions. If you sell your whole life insurance policy for cash and its settlement exceeds the cumulative total of all premium payments, a portion of any profit may be subject to taxes. Premiums As with any type of insurance policy, life insurance premiums […]

Does USAA Insure Travel Trailers?

Travel trailers are an enormous investment and require comprehensive insurance protection. While some may treat their travel trailer like any other automobile, a more comprehensive RV policy must take into account its contents and features. USAA, founded in 1922 by 25 Army officers who came together to insure one another, boasts excellent customer satisfaction ratings […]

Is Customers Bank FDIC Insured?

Customers Bank offers high-yield savings accounts and CDs with attractive interest rates, as well as high-interest checking accounts with low fees, offering cash back rewards on everyday purchases with their Visa debit card. Customers Bank offers FDIC insured deposits; however, their mobile app has received poor reviews and most accounts require visiting a branch to […]

Do You Lose Health Insurance When You Get Married?

Marriage unites many elements: hearts, homes, finances and health insurance plans. If each of you already has individual plans in place, combining them could have significant effects on both premiums and deductibles. Marriage is considered an eligible life event and grants you a 60-day special enrollment period to modify or add your spouse to your […]

Are There Still Penalties For Not Having Health Insurance?

The Affordable Care Act requires most individuals to carry qualifying health insurance or pay a penalty when filing their taxes. With the Tax Cuts and Job Act (TCJA) taking effect for tax year 2019, however, penalties for not having insurance have been removed as part of filing taxes. However, some states still impose individual mandate […]