One of the more confusing things about health insurance is the deductible. Policies often range from having a deductible that is several hundred dollars to those that are $5,000 or above. Those with a high deductible obviously have lower monthly premiums, but not everyone can get their hands on thousands of dollars when necessary. Your head may spin while you try to decide which type will serve you and your family better.
Getting married is a wonderful, exciting life event. However, you may be so busy planning your special day that you forget about other changes that you need to make, especially changes to your insurance. What changes should you expect? Here is a guide on how your insurance may change after your big day.
1. Auto-insurance savings
Many people don't expect that aspects of their car insurance may change after they get married, but this can happen.
One of the nightmares for a homeowner is coming home to find their house flooded. Whether it's a broken water main or a disconnected dishwasher drain, you'll need to be ready to respond quickly to minimize the personal items that are damaged. Here are some of the actions to include in your plan of attack should you find your home full of water.
If there is any chance that the water is covering light switches or electrical outlets, do not step in the water or touch anything that is wet.
Will your auto insurance come to your rescue if your tires get damaged? There isn't a single answer to this question; it all depends on the nature of the damage and your auto insurance policy. Here are some of the situations in which your insurer may pay for tire damage:
Damage after Hitting Pothole
Hitting a pothole can cause serious damage to your tires, including a puncture. Fortunately, that kind of tire damage is covered under collision insurance coverage.
Your home's primary purpose is to protect you from the elements. For the most part, they perform this task admirably. But occasionally, Mother Nature's attacks can lead to costly damage. At times like these, it is important to understand the typical coverage characteristics of most homeowner's insurance policies.
Each homeowner's insurance policy is different, and you should always work closely with your insurance agent to ensure that you understand the specific details of your plan; but most common insurance policies treat different natural phenomena as follows: