New drivers have more to think about than just keeping the gas tank full. While a new set of wheels is fun, it also comes with the responsibility of keeping the roads safe for all drivers. That's why, in every state, it's mandatory to purchase auto liability insurance, which covers the costs of third party injuries and property damage resulting from an accident caused by the policyholder. But there's a lot more to auto insurance than just liability coverage.
Yes, you are street legal if all you own is liability coverage, but it doesn't cover your own expenses if you're injured or your car is damaged. For that, you'll need extra coverage. The most popular coverage option is collision, which covers damages to your vehicle. Additional options include:
Home safety is important to many people, particularly families. But did you know that taking steps to make your home safer not only gives you peace of mind, but can also result in home insurance savings? A safer home minimizes the risk of a covered event and many insurers will reward your dedication to security. Get started with these five home safety tips:
Lock up: Most intruders enter homes unannounced through open doors or windows. Lock up every time you leave home and go to sleep. For additional security, install dead bolts on exterior doors and place a thick wooden rod into the track of sliding glass doors.
Set the alarm: Install a security alarm from a company
Winter resort restaurants may boom during wintertime and retailers may rake in the dough during the holidays, but what about off-season cash flow? Many small businesses that can be classified as seasonal struggle to increase profits when they’re not at their peak. If you own a business in a similar situation, it’s important to plan for harder times when you plan the year’s finances.
Review old records to determine when sales are at their highest and when they’re at their lowest. You must plan for fixed expenses, such as rent and utilities, along with variable expenses, such as inventory and salaries. The past several years of records should give you an idea of variable costs during different seasons. With this information in mind, you can develop a strategy for managing cash flo
Many Americans buy houses to support current family needs. But in retirement, it may be time to consider selling in lieu of a more inexpensive and/or hands-free option. While some retirees prefer the sense of permanence and control that homeownership instills, others find it much simpler to move to a place where the hard work (maintenance, lawn care etc.) is taken care of. A rental property or retirement community may be the solution.
If you’re thinking about putting your house up for sale, consider how much profit you’ll make and how much another living option will cost. An apartment may cost less while a retirement community may cost more, though the security of the environment may be well worth the higher price in your eyes. Remember to calculate in security deposits, real estate
You know that driving safely is important not only for your own benefit, but for the benefit of everyone else who shares the road. But people have been known to bend the rules when they’re in a hurry or in a bad mood. Tickets and traffic violations happen sometimes. If you do get a ticket, paying it right away will ensure that the DMV won’t come back to haunt your future for failing to pay before the due date. Not convinced? Neglecting to pay a ticket, or racking up numerous violations, can result in the following five hits to your driving record, which can affect many areas of your life.
Suspension of driver’s license: Serious driving infractions and/or several minor violations can result in the suspension of your driver’s license. Once your license is