Texas has more than 13,000,000 licensed drivers. This is the second-highest number of drivers on Texas’ roads, after California. It’s no surprise that many Texas drivers speed off the roads. Speeding tickets can result in more than a fine and missed work day. Texas drivers who receive speeding tickets or other traffic citations can increase their car insurance premiums. […]
Category Archives: Finance Guide
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Introduction If you’re like most people, you probably haven’t had to file an insurance claim in years. And if you have, it’s likely been for something small, like a fender bender. But what happens when you have a more serious issue, like water damage from a burst pipe? You may be surprised to find that […]
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The IRS does not audit health insurance. However, they may audit your taxes if you claim a deduction for health insurance premiums. If you are self-employed and have health insurance, you can deduct the cost of your premiums on your taxes. How often does the IRS audit health insurance? The IRS does not release statistics […]
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The IRS has announced that it will still accept tax returns without health insurance, despite the new requirement under the Affordable Care Act. This is good news for those who are still trying to obtain coverage, or who are exempt from the requirement. What is the IRS? The Internal Revenue Service (IRS) is the federal […]
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The answer to this question is unfortunately, no. Despite many people’s best efforts, no one has yet been able to win a case for Diminish Value with the Insurance Commissioner. This is because the Commissioner does not have the authority to award damages for Diminish Value. Only a court can do that. And so far, […]
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Teenagers learn insurance as a crucial part of their driving experience when they first drive. Teenagers can find it difficult and expensive to purchase auto insurance. Teens are considered high-risk drivers. With the right knowledge, you can purchase affordable auto insurance for your teenager without putting too much strain on your finances. Enroll Your Teen in A Defensive […]
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If you live in a high-risk area for flooding, you’re probably required to have flood insurance. But what if you don’t? What are the risks and what should you do to protect your home? What is Zone A? Zone A is a flood zone designation used by the National Flood Insurance Program (NFIP). Zone A […]
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When it comes to insurance, there are a lot of unknowns. For everything from car accidents to home repairs, we rely on our insurance companies to have our backs—literally. But what about when it comes to something like stem cell therapy? Stem cell therapy is a hot topic right now, especially when it comes to […]
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Introduction Insurance rates can be quite expensive, but there are a few ways to get around that. In this article, we’ll go over a few tips on where you can find the best insurance rates. What is insurance? Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection […]
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There’s a lot of confusion about what counts as income and what doesn’t. And when you’re trying to figure out your taxes, the last thing you want is to be surprised by what the IRS considers income. So, is life insurance considered income? The short answer is no, but it’s a little more complicated than […]