Flooding is the most frequent and expensive natural disaster in the United States. Yet, flood peril is not typically covered through most homeowners' and renter's insurance policies.
With more than 20 percent of the National Flood Insurance Program's (NFIP) claims coming from outside high-risk flood areas, those who live in areas with low-to-moderate flooding risk should understand their risk and consider flood insurance. The FEMA flood map service allows you to determine your flood risk.
If you're like most Americans, you use the internet every day. But how can you keep yourself and your data safe? Learn how with these five tips.
All life insurance policies have one thing in common – they're designed to pay money to the "named beneficiaries" when you die. The beneficiaries can be one or more individuals or even an organization. In most cases, policies are purchased by the person whose life is insured, but life insurance policies can be taken out by spouses or anyone who is able to prove they have an insurable interest in the person.
Annuities are a financial contract with an insurance company that make a series of income payments to you at regular intervals in return for a premium and premiums previously paid. The value in an annuity contract is the amount in premiums you have paid, minus any applicable charges, plus any interest your premiums have earned. There are two types of annuity products: deferred annuities and fixed deferred annuities.
Before purchasing any insurance policy, ask the agent specific questions about how the company handles issues related to the military deployment of their policyholders. Each company’s practices can vary. Compare prices and the level of service across a few different insurance providers. By shopping around, you may be able to find an insurer that specializes in the needs of service members.
Homeowners insurance is a financial protection policy that pays a lump sum if your house is damaged or destroyed by fire, weather, theft, or other disasters.
Long–term care insurance is different from medical care because it generally helps you to live as you live now instead of improving or correcting medical problems. People often think of long-term care as strictly nursing home care. Long-term care services actually may include help with activities of daily living, home care, respite care, hospice care, or adult day care. This care may be given in your own home, a daycare facility, assisted living facility, a nursing home, or a hospice facility.
The following tips from the National Association of Insurance Commissioners will come in handy you as you buy life insurance:
As Millennials approach 40, life insurance should be on their agenda, but many of them are not prepared. The following article by the National Association of Insurance Commissioners explains some of the responsibilities of a life insurance beneficiary.
Buying a home is a major decision—one that affects every aspect of our lives. In this article, the National Association of Insurance Commissioners (NAIC) explains why you need to protect your home with Title Insurance.
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