Category Archives: Finance Guide

The benefits of bundling your home and auto insurance

Insurance companies offering different insurance lines often offer bundle discounts, also known as multi-policy discounts. Multi-policy discounts are most popular for auto and home insurance bundles. Bundling insurance doesn’t mean your auto and home are covered under the same policy. It only means they are insured by the same carrier. These discounts can often be the biggest and […]

Are Retiree Health Insurance Premiums Paid By An Employer Taxable?

Employers increasingly offer retiree health coverage through health reimbursement arrangements (HRA), which help their employees cover plan-eligible medical expenses during retirement. Employer premium payments are generally exempt from taxes, helping employees keep costs for health insurance at bay after tax payments. But is this exemption permanent? Taxes on Premiums Employer contributions toward retiree health insurance […]

How Does Short Term Health Insurance Work?

Short-term health insurance provides coverage gaps. This type of policy differs from major medical policies in that they’re less expensive and shorter in duration – though they still need to cover all ten of ACA essential benefits, these typically exclude services like maternity care or behavioral/mental health. Cost Short-term plans offer low upfront costs while […]

What Type of Information Would Be Found in a Policy’s Insuring Agreement?

Information contained within a policy’s insuring agreement will vary depending on the type of insurance being purchased; for example, homeowner’s policies typically contain named-perils coverage limits premiums and deductibles. Navigating policy exclusions and exceptions may seem intimidating, but this information is vital in understanding exactly what coverage exists within an insurance policy. Definitions The Definitions […]

17 Handy Tips to Follow when Choosing your Car Insurance

It’s obvious that young drivers have a limited budget for car insurance. This article has 17 tips to help you find low-cost motor insurance. 1. Do your research. Find insurance companies that offer policies specific to your age, gender, and occupation. Ask your friends and family for advice on the best insurance policy. They might have information about […]

Car Insurance and Your Insurance Score – Or Is It Your Credit Score?

In that they aim to make profits, insurance companies are no different from any other business. A company must accurately price its products to make profits. There are many methods to do this. Underwriting is the insurance company’s method of “evaluating” a risk to determine a price and profit. No longer are driving records, accident history and […]