Category Archives: Finance Guide

Which States have no Faults in Insurance?

Florida, Minnesota and Hawaii are all considered “no fault” states for car insurance. The Key Takeaways There are 12 states that have no-fault status at the moment: Florida, Minnesota and Hawaii, New Jersey. Kentucky, North Dakota. Massachusetts. Pennsylvania. Michigan. No-fault insurance states for car drivers require that they file claims for bodily injuries and medical […]

Does homeowners insurance cover space heaters?

Heating bills are the largest expense during winter. People often turn to alternative heating sources to heat their homes in winter. If used incorrectly, space heaters or wood burners can cause flames, electric shock, and carbon monoxide poisoning. The National Fire Protection Association states that supplemental heating devices are responsible for two-thirds of all house fires. Make sure to […]

What is a home insurance binder?

An insurance binder is temporary proof of coverage while you wait for the official issuance of your homeowner insurance policy. Certain types of insurance coverage are necessary for you to purchase a home. Your insurer will issue you a home insurance binder if you don’t have standard insurance coverage. A home insurance binder, also known as bind coverage or bind coverage, is […]