You come home one day and discover that your apartment has been gutted by a fire. All of your possessions are destroyed. Your landlord’s homeowners insurance policy will cover your loss, right? Wrong.
If you or your spouse have filed for divorce, you may have the overwhelming urge to change beneficiary designations on your checking and share accounts, personal investments, life insurance, and retirement savings accounts — especially if your relationship with your spouse is contentious. The last thing you want to do at a time like this is ensure your soon-to-be ex gets their hands on money that belongs to you, right?
Insurance does not go on sale during Black Friday. Tax-free holidays don’t send consumers running to their insurance agents. And you will have to scroll Instagram for quite a long time before you reach a post boasting of a newly purchased insurance policy, hashtag #score.
Don’t wait until the last minute when it comes to renewing your auto insurance – this seemingly simple process may actually require some preparation. Planning ahead can help you avoid a gap in your coverage and get more out of your coverage by shopping around for different rates and policies. You may find that you’re paying more than you need to, or you may opt for a policy with better protection. Here are five things to consider before renewing your auto insurance.