auto insurance - finding the right balance

Most people believe that if they get rid of the car they have and no longer have a vehicle, they will no longer need to have an auto insurance policy. While there is no law that says you must have car insurance if you do not have a vehicle, there are many reasons why you should keep auto insurance even if you get rid of your car. What type of insurance would you need for this?

Business insurance is something that can protect your business and your livelihood. Even if you are a small business owner, it is worth considering the benefits of insurance. You may have a few questions about this type of insurance, and those questions, plus their answers, are as follows. Do You Need Business Insurance If You Are a Sole Proprietor? A sole proprietorship is a business that is run out of your home by you and you alone.

One of the major reasons why you should have homeowner's insurance is because you won't be able to secure a home loan without it. You will also be required to have that policy in effect while you are still paying on your home. However, once the home is paid off, there is nothing legally requiring you to continue carrying the policy. But you really should consider keeping the homeowner's insurance policy because of all the benefits and protections that it awards you.

It can be easy to get caught up in what is currently going on in your life, and you may seldom think about the possibility of passing away while your children are still underage. If you are a single parent and receive no support, protecting your loved ones' interests and ensuring that their future won't be affected by a lack of funds can be comforting. Look into purchasing a term-life or whole-life insurance policy.

If you're a contractor, purchasing contractor liability insurance is a must for you and your business. The insurance will actually help protect multiple parties. These are the three parties that will be protected if you have a contractor liability insurance policy in place. Once you see the coverage that this type of insurance can provide and the multiple parties that it can provide coverage for, you're sure to want to purchase a plan.

If a guest is injured on your property and files a lawsuit against you, would your homeowner's insurance protect you financially? Nobody wants guests to get hurt on their property, but accidents happen. Personal liability insurance on your homeowner's property shields you financially against the consequences of a lawsuit by covering legal fees and the amount of the settlement or judgment. While carrying personal liability insurance is important for every homeowner, there are a few circumstances in which you should increase the amount of your coverage.

As a homeowner, of course you want to make sure you're protected with enough insurance coverage. At the same time, you don't want to pay more than you need to. Hopefully, you've already taken advantage of the many discounts that are likely available to you through your home insurance carrier. However, there may be some additional discounts you can enjoy by making just a few changes to your lifestyle or upgrades to your home--and it's possible you've been considering some of these upgrades already, anyway!

When you think about life insurance, it can seem like something you don't need today and just another bill to add every month, but nothing could be farther from the truth. Life insurance doesn't benefit the policyholder but can make a huge difference for the beneficiary. No matter what your age and occupation, a life insurance policy can make a difference for your family or those left behind. How Much Insurance Should You Have?