How much do you have to put down for no mortgage insurance?
One way to avoid paying PMI is to make a down payment that is equal to at least one-fifth of the purchase price of the home; in mortgage-speak, the mortga...
Category: Updates
Does collision claim affect premium?
A comprehensive claim will generally increase your auto insurance costs. However, you can save money by becoming a safer driver or choosing an insurance c...
What is better claims-made or occurrence?
In short, occurrence-based policies provide ample coverage as long as you keep renewing them. For this privilege, you’ll generally pay more than you would...
What does a claim do to your insurance?
An insurance claim provides you with financial protection in the event of loss or damage. Filing an insurance claim may impact your rate regardless of the...
Does beneficiary count as income?
Answer: If you mean the death benefits of the insurance policy, then these funds are generally free from income tax to your named beneficiary or beneficia...
Do insurance companies check EDR?
The important role of EDR data in accident claims is certainly not lost on insurance companies. Most insurance companies will act fast to get their hands ...
What is insurance policy endorsement?
Updated: December 2019. An insurance endorsement, also called a rider, is a change to your insurance policy that adjusts your coverage. Adding an endorsem...
Does insurance cover guardrail damage?
Collision: If you hit another vehicle or an object (like a guardrail), your collision coverage will pay for damages or repairs to your vehicle after you p...
Are pit bulls excluded from homeowners insurance?
Homeowners insurance can provide you with coverage for events that make you liable for property or personal damage. But if the damage is caused by certain...
Does insurance cover water damage from storm?
Some insurers offer flood cover as a standard inclusion for home and contents policies. And other insurers treat flood cover as an optional extra if you p...
