Insurance

Motorcycle Insurance: A Beginner’s Guide

It’s no secret riding a motorcycle poses a serious risk to the rider, and most riders are aware that motorcycle accidents are more likely to result in injury or death than car accidents. But most people don’t consider the hard facts: According to a University of Southern California study cited by The Examiner, motorcyclists are …

Categories: Insurance

Life Change? Update Your Life Insurance Policy

I’m excited to introduce you to another Simple Dollar writer, Frank Addessi. Frank has written about funeral insurance, whole life insurance, fire insurance and more — be sure to take a look at all of his articles. Feel free to share your experiences in the comments, or reach out to the writers via their contact …

A Health Insurance Disaster: Falling Down the Medicare Donut Hole

Today, we’re continuing the TSD writers series with health insurance insider, Jennifer McCarthy’s costly health insurance disaster. Be sure to read Jennifer’s guide to health insurance and her articles on student health insurance, health savings accounts and health insurance loopholes. Feel free to share your experiences in the comments, or reach out to the writers …

Categories: Health, Insurance

Home Repair: Insurance Advice

This is the second installment of The Simple Dollar writers’ personal stories. Take a look at Karla’s story about naming her baby the beneficiary of her life insurance policy over here. Today, I’m excited to share Randy Woods’ experience with home insurance claims and how much of a Catch-22 they can be. Be sure to …

Categories: Housing, Insurance

A Rookie Life Insurance Mistake I Made and How You Can Avoid It

For more than six years, I’ve shared my financial mistakes and successes on The Simple Dollar. I know the information that’s out there can seem dense and impersonal to everyday consumers, and I started TSD because I wanted to change that. That’s why I’m excited to introduce a series of posts that will highlight one …

Who Needs Whole Life Insurance Coverage?

Whole life insurance, like term insurance, will pay your beneficiaries a specific amount of money upon your death. The primary difference between term and whole life is that term insurance provides coverage for a set period (10 or 20 years, for instance), while whole life insurance pays its benefit as long as premiums have been …

Categories: Insurance

Car Insurance: Value Beyond Merely “Insuring” You

There’s already a ton of great information from Jeff in The Simple Dollar’s guide about shopping around for auto insurance – how to choose it and how to optimize it. Rather than just rehashing my own experiences with auto insurance, I wanted to look at it from a different angle. Obviously, my choices helped define …

Categories: Automobile, Insurance

Term Life Insurance: How Convertibles and Guaranteed Renewals Work

Starting a family comes with questions you never had to consider before, such as the financial well-being of your loved ones following your death. Life insurance will provide for their needs later, but right now you just can’t afford permanent insurance; whole, universal or variable life. Like many first time life insurance buyers you’ve decided …

Categories: Insurance

Renters Insurance: Why It’s Worth It

Being a renter often means having fewer things to worry about. Got a plumbing issue? Call the landlord to fix it. The refrigerator in your rented house stopped working? Call the owners and have them replace it. But what if your apartment gets burglarized? Or, worse yet, suffers smoke damage in a fire? Some renters …

Categories: Insurance

The Simple Dollar’s Education in Insurance

Up until now, I’ve only occasionally dealt with a major component of monthly finance: your insurance. If you’ve got a family, like me, you have to know how your insurance works. For that matter, if you’re financially stable or you’ve got valuable property, grasping your coverage is just as necessary. When something unexpected happens, insurance …

Categories: Education, Insurance

Three Life Lessons About Life Insurance

Life insurance is a topic that has danced in and out of my life over the years. The Simple Dollar has even written a guide on life insurance. But here are three little tales about the times when life insurance has impacted my life and what valuable lessons I’ve taken away from those experiences. A …

The Complete Guide to Health Insurance

The state of health insurance today is one of America’s most heated debates. The Affordable Care Act, widely referred to as Obamacare, aims to revamp the American health care industry, and some provisions of the Act are already kicking in. In this rapidly changing environment, it pays to be aware of the fundamentals. As an …

Categories: Health, Insurance

Our Guide to Car Insurance

Welcome to Car Insurance 101, your primer and guidebook for understanding and navigating the exotic territory of automobile insurance. My aim is to explain everything you need to know about insuring your automobile, its occupants, and all objects in your path.   Here’s how the guide is structured: I’ll begin with an overview of the …

Categories: Insurance

The Complete Guide to Life Insurance

Forbes’s LearnVest did a nationwide study on life insurance in America that showed 57% of respondents owned life insurance but only 28% were “extremely confident” about their understanding of life insurance. 66% of study respondents had a poor understanding of how accessing payouts on their life insurance worked. Though it can certainly be confusing at …

Categories: Insurance

The Complete Guide to Home Insurance

Anyone who’s bought a house or has shopped for one knows that homeowners insurance is a fact of life – some might call it a necessary evil; others peace of mind in times of crisis. And while most people are convinced or compelled by banks to purchase insurance on their homes, few people understand exactly …

Categories: Insurance

Types of Life Insurance & How To Choose

A few weeks ago, I put out a call on Twitter and on Facebook for detailed posts that people would like to see. I got enough great responses that I’m going to fill the entire month of July – one post per day – addressing these ideas. On Facebook, Andrea asks “What kind life insurance …

Tactics for Appealing Health Insurance Denials

A few weeks ago, I put out a call on Twitter and on Facebook for detailed posts that people would like to see. I got enough great responses that I’m going to fill the entire month of July – one post per day – addressing these ideas. Update: With the passage of the Affordable Care …

Categories: Health, Insurance

Health Insurance and Downgrading Your Job

In April 2010, my wife made the choice to step away from her job for the rest of the year in order to be a stay-at-home mom. She chose that period because she knew that she loved her job and that she would be itching to return after nine months. Her employer made it possible …

Categories: Health, Insurance

Should I Buy Life Insurance for My Children?

This is a question I hear all the time from readers who are parents – and it’s a question that comes up in our own household as well. Should our children have life insurance policies? I’ve done a lot of research and soul-searching on this topic. What follows are the conclusions I’ve come to on …