If you are currently renting an apartment or house, you may think that you do not need renters insurance. You are not responsible for the dwelling you live in, so why should you pay additional money for insurance? Less than half of all renters pay for renters insurance, as they do not find the additional cost necessary. You may want to think twice, because for a little under $200 a year on average, you can receive all of the following benefits.
Homeowner's insurance policies are complicated, and because of this many people trust their insurance agent to know what type of coverage they need. However, if you don't know what your policy covers, you could be putting your home and your family's livelihood at risk. Before you purchase a new policy, learn about these three common home insurance mistakes and discover what you can do to avoid them
Not Purchasing Flood Coverage
Filing a single small insurance claim can send your premium rates upward. You increase your chances of seeing a rate increase more if you've filed other claims in that same year. Even if your rates don't go up, your insurance company may drop you when the renewal time rolls around.
It used to be, you paid insurance to cover you when you needed it. Now, deciding whether it's worth it to file a claim can be a huge dilemma.
Auto insurance can be costly enough. If you have a teenager who is about to start driving, however, you're probably about to face much higher insurance rates. Luckily, there are quite a few ways that you can cut costs. Just remember these five tips, and you can insure your teenager without spending as much money.
1. Have Your Teen Take Defensive Driving Lessons
Defensive driving classes are designed to teach drivers about driving safely in different situations.