Renter's insurance assures you that you're protected against the damage or loss of personal property
when you rent an apartment or house. Your landlord may have insurance that protects the physical
building in which you reside, but this insurance will not cover your personal property. In fact, it's not at all
uncommon for landlords to require the purchase of renters insurance prior to renting or leasing. This is
prudent for both the renter and the landlord, protecting both from the possibility of lawsuit by alleviating
each other's respective liability.
In determining whether or not you need renters insurance, the questions you need to ask yourself are:
How much would it cost to replace my belongings if they were damaged or stolen? And can I afford to
For many homebuyers, private mortgage insurance may not be the most celebrated form of insurance, but,
for some, it's an absolute must. For those individuals who wouldn't typically be able to afford a large 20
percent down payment, it's a "foot in the door," allowing for homeownership with as little as a 0-5 percent
down payment.
Private Mortgage Insurance (PMI) is insurance that protects your lender against non-payment should you
default on your loan. It's important to understand that the primary and only real purpose for mortgage
insurance is to protect your lender—not you. As the buyer of this coverage, you're paying the premiums, so
that your lender is protected. PMI is often required by lenders due to the higher level of default risk that's
associated with low down payment loans. Consequently, it's sole and only benefit to you is a lower down
payment mortgage.
For most of us, going without health insurance is unimaginable. We wouldn't even think about risking our
families' well being without it. So, why not protect one of our most beloved family members—our pets?
When choosing veterinary care for our pets, we want to provide the best care possible. And we want to
do so without concern for the costs that are associated with quality care. Pet insurance can help with this
dilemma, insuring that we're financially prepared should accidents or illness strike.
Pet health insurance policies are much like human health insurance policies, protecting against illnesses,
accidents and emergencies. They offer different plans based on desired coverage. Premiums can be
Life insurance is a type of insurance that protects those that depend on your income for financial support.
In the event of your death, a life insurance policy will help compensate for the loss of your income. Life
insurance can help your family cover your funeral expenses, pay off any outstanding debts, and continue
to live comfortably even in your absence.
Basic Types of Life Insurance
There are two basic types of life insurance – term and permanent. Term life insurance provides coverage
Disasters usually have a way of reminding us of important lessons. In late-summer 2005, that disaster
was Hurricane Katrina, and the lesson was to always be prepared.
Out of the rubble of the Gulf Coast region emerged a lack of preparedness on a variety of levels. On a
basic level, most citizens lacked flood insurance, even though New Orleans is a city surrounded by water.
In fact, it was estimated that between only 30-40% of residents hit by Katrina had any form of flood
insurance. In some places, this number was even lower.
When you pass away, you want to leave behind some financial benefit to help take care of the loved ones
that depend on your income. That’s the benefit of purchasing life insurance. Life insurance pays a death
benefit to the person(s) you name as the policy’s beneficiary.
Basic Types of Life Insurance
There are two basic types of life insurance – term and permanent. Term life insurance pays the benefit
