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Homeowners in high-risk areas should purchase flood insurance as an essential step towards becoming homeowners, with lenders often mandating that these individuals obtain coverage through the National Flood Insurance Program (NFIP) before being approved for federally regulated loans. NerdWallet walks you through both types of policies offered by NFIP: building and contents coverage. Our guide […]

If you are considering purchasing whole life insurance, it’s essential that you understand how dividends work. Dividends represent a portion of a company’s profits that is paid back out as dividends to policyholders. Life insurance dividends, unlike cash value earnings, typically don’t incur taxes and you may choose between applying it toward premium reduction or […]

USAA provides insurance and financial services tailored to military members, veterans, and their families. Their products include long-term disability coverage, life insurance policies and banking services – as well as exceptional customer service. Home insurance premiums depend on factors like location and home size. Life insurance costs depend on age and health status – some […]

Business insurance provides essential protection for any company against costly damages or lawsuits, providing peace of mind for both employees and owners alike. While most small businesses only require general liability and business owner’s policies, others may need specific coverage depending on their structure or industry. Some examples include product liability coverage that protects against […]

Many tenants assume their landlord’s building insurance covers their belongings, eliminating the need for extra coverage on personal items. But in truth, their landlord’s policy only protects against structures; not belongings. An essential renters policy typically covers personal property, liability for specific incidents and additional living expenses incurred due to fire. Property Damage Renters often […]

An HSA (health savings account) allows you to save tax-free money and use it to reimburse yourself for qualified medical expenses. See IRS Publication 502 for details of eligible expenses. Combining an HSA with a high-deductible health plan (HDHP) offers three distinct advantages, such as tax savings, medical reimbursements and providing a financial foundation to […]

When an accident happens, it’s essential that it be reported immediately in order to prevent miscommunication between parties involved and allow your insurance provider to assess damages accurately, so you receive all the compensation due. The specific deadline depends on your state and insurer, but most car insurers require policyholders to report accidents “promptly”. Please […]

Life insurance payouts generally aren’t considered taxable income; however, there may be exceptions. If you sell your whole life insurance policy for cash and its settlement exceeds the cumulative total of all premium payments, a portion of any profit may be subject to taxes. Premiums As with any type of insurance policy, life insurance premiums […]

Travel trailers are an enormous investment and require comprehensive insurance protection. While some may treat their travel trailer like any other automobile, a more comprehensive RV policy must take into account its contents and features. USAA, founded in 1922 by 25 Army officers who came together to insure one another, boasts excellent customer satisfaction ratings […]

Customers Bank offers high-yield savings accounts and CDs with attractive interest rates, as well as high-interest checking accounts with low fees, offering cash back rewards on everyday purchases with their Visa debit card. Customers Bank offers FDIC insured deposits; however, their mobile app has received poor reviews and most accounts require visiting a branch to […]