Category Archives: Finance Guide

Renters and homeowners insurance serve one purpose: to protect the insured against loss and damages. Most home insurance policies provide either actual cash value (or replacement cost) for assigning value. Imagine your TV being damaged beyond repair by a fire in your home. The insurance company would pay you the actual cash value of the TV, which […]

Before a vehicle can legally be driven in the United States, it must be insured. You must show proof of insurance to be able to drive the car home, regardless of whether you’re buying a new vehicle or replacing an old one. You may have to wait for a grace period before you can add your new […]

Between 2003 and 2012, nearly 8500 Floridians were involved in car accidents involving drunk drivers. 2.1% of Florida drivers also reported that they had been drinking excessively. Florida, like other states, takes drunk driving seriously. A DUI conviction is a significant risk factor for insurance companies. Drivers who are convicted of DUIs face a variety of penalties, including increasing insurance […]

According to the Centers for Disease Control and Prevention, approximately 38,000 Americans are killed each year in U.S. vehicle crashes. This causes $55 billion in work losses and medical expenses. It only takes a split second for an accident, but the aftermath can last a long time. Many expenses can result from a car accident that causes […]

California is very serious about driving while under the influence of alcohol or drugs. A DUI conviction can lead to severe consequences. These could include a suspension of your license or even jail time. A DUI in California can be costly. Your auto insurance costs will increase as you are likely to be fined. This is because insurance companies view […]

Homeowners generally can only deduct losses experienced from disasters; however, taxpayers using their property for business may be eligible to use both the $100 subtraction rule and 10%-of-AGI rule. When an insurance or other reimbursement surpasses the cost or adjusted basis of your property, you should usually report this income on your tax return. Deductible […]

Texas employers have the option to opt out of workers’ compensation insurance; if they do so, however, they must notify their employees as well. If an employee is injured on the job, they are entitled to medical benefits that cover expenses like ambulance rides, x-rays and surgery as well as income benefits to make up […]

Gaining points on your driver’s license usually means higher insurance premiums; however, this depends on both state and insurance company. There are various strategies you can employ to minimize the effect of points on your driving record, including attending a defensive driving course and shopping around for cheaper policies, but the most effective approach would […]

Progressive offers a comprehensive selection of car insurance options, from liability protection for drivers who cause accidents to comprehensive and collision coverage to provide repairs or towing. They even provide roadside assistance coverage in case repairs need to be performed outside normal office hours or towing is needed for repairs and towing of damaged cars. […]

Navigating the complex world of healthcare during retirement can be daunting, and Medicare supplemental insurance plans can provide peace of mind by protecting against unexpectedly high medical bills. Medigap policies offer you protection from expenses not covered by Medicare Part B, such as copays, coinsurance and deductibles. They’re available during an open enrollment period that […]