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The main purpose of life insurance is to help those you care for pay any outstanding bills or funeral expenses in the event of your death. However, some life insurance plans have ways to provide cash benefits while you’re still alive. This can offer a way to supplement your regular income or act as a safety net in the event of a financial crisis.
If COVID-19 and the eruption of monkeypox have shown us anything recently, it is that being properly prepared is key. Even if you or your loved ones are fortunate enough to avoid these illnesses, other ailments or injuries can occur resulting in appointments, prescriptions and possibly more complex procedures.
Life insurance is a way to provide your family and loved ones with financial security in the event of your passing, and a way to pay for too often inflated funeral costs. It can seem to be an added expense from which you never directly benefit; however, there are ways that you, the policyholder, can benefit while you are still alive.
Healthcare in America, especially reproductive healthcare, is a patchwork system of states’ rights vs. private insurance companies vs. employer-funded healthcare. With the Supreme Court removing down Roe v. Wade on a federal level, states, insurance companies and employers are scrambling to deal with the fallout.
Auto liability insurance can be a highly beneficial coverage to have if you are ever in a car accident, since many vehicle collisions often have multiple consequences. However, this type of insurance does not cover everything; therefore it is important to understand exactly what it does and does not cover.
As a homeowner in a community that has a homeowners association (HOA), you will pay dues to the HOA. A portion of each member’s dues will pay for the HOA insurance. That HOA insurance is different from the homeowner’s insurance each owner has on their home. The way they work together is explained below.
The cost of owning your home includes the cost of home insurance. The average cost of homeowners insurance across the United States is $1,083 per year; in the state of Illinois, the average annual cost in the year 2020 was $1,443. Among the top eight insurance carriers, the average annual cost ranges from a low of $1,015 to a high of $2,152.
Almost every homeowner in the United States has homeowners insurance coverage for their home. Mortgage lenders actually require home insurance as a condition for the mortgage loan. However, a surprising number of homeowners do not fully understand what risks their insurance actually covers.
Homeowners insurance helps protect one of your most significant investments – your home. Unfortunately, the average homeowners policy does not cover all situations that may arise. As policies range from insurance company to insurance company, it is important to know what your policy covers and what it does not.
It has happened to nearly every homeowner at one time or another. You discover a leaking pipe, hole in your roof, or possibly even flooding. Once the water has intruded on your home, it does not take long for damage to occur. The longer that water sits, the more extensive the damage. Fortunately, many standard homeowners insurance policies cover common water damage in the home.