Category Archives: Finance Guide

Once your teen obtains their learner’s permit, you may wonder whether or not to add them to your car insurance policy. Most insurers do not charge extra if a learner driver uses your car regularly. Before hiring someone with a permit, it is wise to compare quotes. Here are some helpful hints and strategies for […]

As long as a private seller has their own policy in place that covers potential damage during test driving, no proof of insurance should be required in order to take a test drive of their car. If this is necessary for some reason, make sure it’s part of the deal when signing on with a […]

Uber provides commercial auto insurance to drivers during two periods: periods 1 and 2. Period 2 coverage begins when an active Uber app, received ride requests, and are headed out to pick up customers (known as period 2). Uber offers contingent collision and comprehensive coverage that may cover up to actual cash value with a […]

The IRS permits taxpayers to deduct supplemental insurance premiums on their taxes; however, before taking this deduction it’s important to keep certain details in mind. Deductibility rules depend on both your employment status and whether or not you itemize deductions; for instance, health insurance premiums you pay as an employee may be payroll deducted before […]

Businesses typically request COIs from third parties in order to verify they possess adequate insurance coverage to complete their projects safely and protect themselves from liability should an incident occur which would be covered under their policy. Any small business or independent professional providing services with potential for financial loss must provide a Certificate of […]

Many insured Americans worry about future health care costs. On average, they estimate that an increase of $364 in monthly premium would make coverage unaffordable – especially among millennials or those earning under $35,000. Many factors influence health insurance costs, including monthly premiums, deductibles and copayment/coinsurance arrangements. We will explore each one more closely. Premiums […]

Based on your business insurance needs, it may be necessary to work with non-admitted insurance markets. These policies typically offer niche or higher risk coverage that admitted markets don’t provide. Non-admitted or surplus lines insurers (also referred to as surplus lines) are typically overseen by their state through the surplus lines office, though they are […]

People often become dismayed to discover that their health insurance has not covered lab testing services. Understanding your coverage options and cost management practices are the keys to optimal care and cost control. Choose an in-network laboratory to reduce out-of-pocket expenses. These labs have established rates with your insurance provider. Types of Lab Tests Laboratory […]

Homeowners insurance provides coverage for many aspects of homeownership; however, not everything. For instance, if your dishwasher springs a leak and damages the floor in your kitchen, homeowners insurance may cover some or all of the damage – but only if it was sudden and accidental. But what about bathtub leaks? NerdWallet investigates whether homeowners […]

Homeowners insurance is an invaluable way to safeguard both your possessions and financial wellbeing against unexpected events. It can protect against property damage, liability issues and additional living costs. When renting out your home, landlord insurance policies provide essential protections. This article outlines their key differences. Property Coverage Homeowners insurance provides essential protection in the […]