Since 2013, (and as of this writing) there have been nearly 6 million data breaches, according to Breach Level Index (BLI), a global database that tracks cybercrime activity. BLI reports that almost 4 million electronic data records are breached every single day, with cyberattacks occurring every 45 seconds.
hese days there seems to be an insurance policy for everything. There have never been more choices available to consumers, which can create a confusing landscape. Liability insurance is one of the most necessary kinds of protection, but there are so many types of liability insurance, and many people want to learn more about what they're buying.
Employment that takes you to another country can be an exciting but stressful opportunity. Living and working in a different nation can offer adventure, but soon enough normal routines take shape. What happens when you fall sick or become injured while on your international assignment? Expat medical insurance is recommended for anyone who intends to work in a foreign country for three months or longer. This vital insurance for expats can take some of the worry out of your business travels -- wherever they may take you.
Liability insurance comes in many forms, but the two main categories are personal liability and commercial liability coverage. In its simplest form, liability insurance protects the policyowner against lawsuits stemming from injury or damage sustained by another person. A liability insurance policy can help pay for medical bills, repair or replace property that was damaged, and assist the policyholder in paying legal fees due to a court battle. There are several key terms that are frequently found in liability insurance documents and it is important to understand what they mean.
Whether you are in a car accident or you have a house fire, auto and property losses are always stressful. If you expect to be reimbursed by your insurance company, you have to submit a claim. Filing a claim is the first step toward determining the value of your loss and getting paid by your insurance company.
Most people have several different types of insurance policies throughout their lives. The most common kinds of insurance include car, home, life and umbrella insurance. We know we need them, but do we know exactly why these policies are necessary and how they work? Knowing the definition of insurance and the various types can help policy holders make better decisions regarding which policy to buy.
Gun ownership is a very serious responsibility. Most licensed gun owners are conscientious and informed about gun laws and their rights and responsibilities under those laws. Many people own guns as a means of protecting their family and property. But even the most responsible gun owner can be faced with an unfortunate incident that leads to a lawsuit or even criminal charges. The costs to defend yourself in either case can decimate your finances.
When an illness or injury leaves someone temporarily or permanently unable to perform their job, most people immediately begin to worry about how they will pay their bills. Prior to injury or illness, you may have worked your entire life to provide for you and your loved ones. It is understandable that you would want to protect the things you have labored so hard to obtain.
It makes sense to purchase a life insurance policy to cover yourself or your spouse if you want to ensure that your family is protected financially in the event of a tragedy. Some people even purchase life insurance for their children to enable them to secure low-cost policies that can stay with them into adulthood. But what about your family pets? After all, Fido and Whiskers may be bona fide members of your family too. Should you buy life insurance policies for them as well?
If you own a vehicle, you need to carry auto insurance. Every state has specific laws related to the minimum coverage amounts, and many drivers opt to purchase even higher levels of coverage. When you are in the market for car insurance, you will discover that you have a lot of decisions to make. You must decide how much liability coverage is adequate to protect your finances, how high you want your deductible to be, and most importantly, how you want to buy your coverage. While many drivers choose to work with an insurance agent when purchasing their coverage, others prefer to buy their insurance direct.
Running your own business is rewarding, but it also comes with challenges. One of those challenges is making sure your business (and your personal assets) are protected from the various risks that come from owning a business. Insurance can help protect you and all of the hard work you have put into your business in the event a customer has an accident on your property, an employee injuries themselves, or an error on your part causes your client a loss.
Life insurance is a great way to provide a safety net for your surviving family members if you die earlier than expected. A life insurance death benefit can be a financial lifesaver to your beneficiaries. The money provided by a life insurance policy can give your family valuable breathing room by covering immediate expenses related to your death, paying off the mortgage or other outstanding debts, and even bankrolling a college fund for your children.
Finding the best auto insurance is more than just a numbers game. You might assume that you will get the best coverage at the best price from the largest auto insurance companies. In many cases, that is true. But while price matters, it should never be your only consideration. What about customer satisfaction? A market-leading insurance company might have hundreds of thousands of customers, but are those customers satisfied? Would they recommend their car insurance company to a friend?
Protecting your home with insurance not only gives you peace of mind and the financial resources to rebuild or repair your home, it’s also a legal requirement of your mortgage. Depending on where your home is located, homeowners insurance might not be enough. You may also need a flood insurance policy. A standard homeowners policy doesn’t cover flood damage. If your home is located in a flood plain or an area that the National Flood Insurance Program (NFIP) has designated a high or even moderate flood risk area, your lender may require that you carry a flood insurance policy.
Homeowners insurance is a necessity. It protects your home and possessions as well as satisfies your lender's insurance requirements. If you fail to maintain insurance, or even fall below the required coverage levels, your lender just may step in and put a policy in place, a very expensive policy. Every mortgage ever written requires the homeowner to carry a specific amount of homeowners insurance on the property. If you don’t carry the proper amount of coverage or let your home insurance lapse, you could be the owner of a brand new, very expensive homeowners policy, courtesy of your lender.
As more and more millennials purchase their starter houses, direct homeowners insurance is becoming increasingly popular. Direct insurance is purchased from the carrier, without an insurance agent. These transactions are typically done online and offer consumers the ability to chat with licensed insurance agents. Younger folks tend to be more comfortable with purchasing goods and services on the Internet, which is why direct insurance is a growing market. Some carriers have offered discounts for seniors and military members in the hopes of expanding direct insurance into other demographics.
Collateral protection insurance, or CPI, is purchased or imposed by lending institutions to protect themselves from losses in the event the borrower to whom a loan was issued fails to carry insurance on the collateral used to secure the loan. CPI, also known as force-placed insurance, may be classified as single-interest insurance if it protects the lender, or as dual-interest insurance if it protects both the lender and the borrower. If the loan is issued by a credit union, this type of insurance may be called creditor-placed insurance. In the home loan realm, this type of insurance is known as mortgage protection insurance, or MPI. All those who have car or home loans should know what collateral protection insurance is, how it works, and how to avoid paying more than they should.
Car insurance can be expensive and forking over that premium can hurt. You may feel that you are paying for something you never use. Maybe money is tight, or you simply forgot to send in your payment. Whatever the reason, not paying your car insurance bills is a huge and ultimately expensive mistake.
Life insurance is a necessity, especially if you are married and have children or other dependents who rely on you for financial support. If you have not purchased life insurance before, or if you are looking for additional coverage, you may be wondering about the best way to find and purchase the right policy.
As any equestrian knows, owning horses requires a sizable investment of not only money, but also time, effort and passion. Whether you board your horses, care for them yourself, or own a boarding business, equine or horse mortality insurance can help protect your investment and even assist you in covering some of the major medical expenses often faced by caretakers.
Most people assume a little white lie is harmless. When you’re filing an insurance claim for damages after a car accident, maybe you include damage to your fender that you know happened long before the accident in question. When you’re filling out an application for home insurance, maybe you conveniently forget to disclose that you have a pool in your backyard. It can’t hurt to fudge the truth a little, right? When it comes to insurance, even a small lie can carry big consequences. In fact, if you are convicted of committing insurance fraud, you could end up paying enormous fines, doing months of community service, or even spending time behind bars. Insurance fraud is no laughing matter, so it’s important to know what it is and how you can avoid it.
Many people assume all water damage is covered by their renter’s policy and thus opt out of purchasing any additional coverage. While renters insurance may help when there is a water leak that damages your personal property, but in the majority of flood damage cases you will end up paying to replace or fix your belongings out of pocket.
Life is full of risk. Slips, falls, and car accidents are very common and can lead to huge medical bills, lawsuits and the poorhouse if you aren’t properly protected by insurance. A major part of insurance protection is third-party liability coverage, which will respond on your behalf if you manage to hurt a third party or damage their property. Not sure what third-party liability insurance is? Read on to learn everything you need to know about this essential insurance.
When buying a home, it’s important to get a home inspection. Yes, it costs money, but it can also become one of your biggest money-savers in the long run. (insert client here, via link or mention). Besides, your insurance company will more than likely require one; there are very few instances where they don't. So how does a home inspector save you money and how do you choose one? To help sort this out, I spent some time with Scott Beasely of Coastal Home Inspections (formerly Don Rader Inspection Services). He owns and operates one of the most trusted home inspection services in the Savannah area. He offers these insights.
If you’re like a lot of us, you’ve probably had a financial setback at some point in the last several years that damaged your credit. Whether you’ve never had compromised credit or have struggled with it for years, it can be fixed, if you know how. If you do it step-by-step and with patience and persistence, you will see your credit score go up, significantly in some cases, and begin to achieve financial goals that you thought were out of reach for you. Here are the three steps for restoring your credit: Step 1: Pull your credit reports, review and correct them and pay off specific items.
In a recent article, we provided three steps to rebuilding your credit. One concept we stressed is having a mix of credit—both installment credit and revolving credit. Among the fastest ways to rebuild your credit, we said, is with a car loan. A form of an installment loan, it’s payable in monthly installments over a set number of months. And, that payment history is the way in which you rebuild your credit. There are three steps to this process. 1. Getting Your Auto Loan This is the most important step in this process, because your loan choice will determine the success of the strategy. The type of auto loan you can get depends on your current financial situation, especially your credit. There are four choices for vehicle financing: bank, credit union, finance company and dealership.
Are you setting yourself up to be among the nine million people that the Federal Trade Commission estimates have their identities stolen each year? You may be doing so by the way you use social media, especially Facebook. At last count, according to TechCrunch, there are nearly 1.4 billion users on Facebook alone. Of those, 890 million are daily users. Not all users are honest users. Moreover, according to a 2014 Pew Research Center study, 58% of adults use Facebook just in the United States. And most of them use multiple platforms. Yet Pew found that most people on Facebook only know about 50 of their (average) 155 friends. Two-thirds of their connections on Facebook are strangers. And this is true across social media platforms.
Mobile payments failed to gain any real traction in the U.S. for years, but Apple Pay has given the market a much-needed kick in the pants. Apple’s mobile payment system, which enables users to pay for goods by simply tapping their Apple device against a terminal at the sales counter, is now accepted at 700,000 locations. And while Apple Pay is available only to iPhone owners, recent consolidation among payment providers is helping to alleviate some confusion regarding mobile payments among retailers and consumers, which will give the overall market a boost. Mobile payments are still nowhere near a mass market, however. Only 6% of iPhone 6 owners in the U.S. have used Apple Pay at a store, according to a recent survey from InfoScout, and 85% of those surveyed have never even tried the app. The slow uptake isn’t exactly surprising, of course. We’ve all become accustomed to using cash or credit cards at the point of sale, and changing consumer behavior is a major undertaking. But there are a few factors to keep in mind when considering whether to use your phone rather than traditional payment methods: