How much more will a dog breed increase insurance?
How Owning an Expensive Dog Breed Affects Your Insurance Rates How much more will a dog breed increase insurance? When considering a high-value or purebred dog, it’s important to understand how their breed may affect your homeowners or pet insurance rates. Certain breeds, particularly those known for specific health issues or perceived risks, can lead […]
Does Homeowners Insurance Cover HVAC
Does Homeowners Insurance Cover HVAC? Introduction Does homeowners insurance cover HVAC systems? Yes, but only in specific situations where the damage is caused by a covered peril, such as fire, storms, or theft. While your policy can offer valuable protection for this critical home system, there are key limitations and exclusions you need to understand. […]
Is a home equity loan required for homeowners insurance?
Is a Home Equity Loan Required for Homeowners Insurance? Introduction Is a home equity loan required for homeowners insurance? Securing a home equity loan can offer financial flexibility, allowing homeowners to leverage the equity in their homes. However, most lenders require homeowners insurance as part of the loan agreement to protect their investment. In this […]
Is Life Insurance Taxable
Is Life Insurance Taxable? Tax Rules for Life Insurance Policies Introduction Is Life Insurance Taxable? Life insurance is often seen as a financial safety net, but many policyholders wonder if their beneficiaries will face taxes on the payout. Understanding the tax implications of life insurance is essential, especially when planning for the future. Key Takeaways […]
Does Homeowners Insurance Cover Termite Damage?
Does Homeowners Insurance Cover Termite Damage? Termites may be small, but the damage they cause can be devastating and costly to repair. As a homeowner, you may wonder, “Does homeowners insurance cover termite damage?” In most cases, the answer is no. Homeowners insurance is designed to cover sudden, unexpected events, while termite infestations fall under […]
Does Homeowners Insurance Cover Fire Damage?
Does Homeowners Insurance Cover Fire Damage? Does homeowners insurance cover fire damage? In most cases, yes—it generally covers various types of fire damage, from accidental kitchen fires to wildfires, depending on the policy details. Understanding the specifics of what is covered and any exclusions is essential to ensuring your home and assets are adequately protected. […]
Is Buy-Sell Agreement a Personal Use of Life Insurance
Is a Buy-Sell Agreement a Personal Use of Life Insurance? Short Answer: No. Life insurance in a buy-sell agreement is used for business succession planning, not for individual or “personal” purposes. Unlike a personal life insurance policy that protects your family or dependents, a buy-sell agreement’s life insurance is structured to guarantee a smooth transition […]
Is Costco Pet Insurance Worth It? Claims Denials and Reviews
Costco Pet Insurance: Comprehensive Coverage with Figo Costco is known for its wide range of offerings, from groceries to auto insurance, and now, pet insurance through a partnership with Figo. If you’re a pet owner, protecting your furry friend is essential, and understanding how Costco Pet Insurance stacks up is critical in making the right […]
Life Insurance vs AD and D: Coverage Costs & Policy Options
Life Insurance vs AD&D: Comprehensive Coverage and Policy Options Though these insurance types may seem alike, they cover different risks. AD&D applies to accidental injuries or death, while life insurance offers wider protection, including natural death. As we navigate the complexities of insurance, it’s essential to understand the differences between life insurance and Accidental Death […]
Burial Insurance for Seniors: Before You Buy
Burial Insurance for Seniors: What You Need To Know Before You Buy Introduction As we grow older, it becomes important to think about how we can protect our loved ones financially, especially when planning for end-of-life expenses. Burial insurance is designed to help ease this burden by covering funeral costs, ensuring that families aren’t left […]