July 27, 2024
Insurance

Debunking Common Myths About Renters Insurance

Renting a home can offer residents a flexible and stress-free living situation, allowing them to maintain a minimal financial investment while still ensuring safety, security, and stability in their daily lives. Even though renters may not own the property they live in, they still face many of the same risks and exposures as homeowners. Therefore,

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Insurance

The consequences of dishonesty on your insurance application

Have you ever provided false information on an insurance application in order to reduce the cost? Many individuals engage in this risky behavior each year, unaware that it could result in a criminal record for insurance fraud and a voided policy. While lying may initially lower your premiums, any future claims that contradict your false

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Insurance

Most affordable insurance providers for ‘high-risk’ drivers

Auto insurance providers take into account various factors when determining a driver’s premiums, such as their age, driving history, and credit rating. Young drivers and individuals with past driving infractions often face higher insurance costs compared to those with lower risk profiles. A recent study by MarketWatch revealed that certain insurers offer more competitive rates

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Insurance

The states with the most and least expensive car insurance rates in America

It’s common knowledge that your location plays a significant role in determining the cost of your auto insurance. However, did you know that drivers in certain states pay nearly three times more than those in others? A recent study by MarketWatch reveals the stark disparity in insurance rates across different states, showcasing how some individuals

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Insurance

Insurance companies offering the lowest national average rates

Auto insurance premiums have become a significant cost for many motorists, even if they don’t own a high-end luxury vehicle. However, some insurers stand out with competitive prices, although not all of them operate in every state and some have strict policies regarding the drivers they accept. MarketWatch’s recent study on insurance rates revealed some

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Insurance

Progressive to pay $48 million to settle allegations of devaluing damaged vehicles

NEW YORK — Forward-thinking (PGR) has reached a settlement of $48 million to resolve a class action lawsuit alleging that the insurer systematically underestimated the claims of New York drivers whose vehicles were totaled. The preliminary settlement of the class action was submitted on Monday evening in federal court in Manhattan, pending approval by U.S.

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Insurance

BMW X2 excels in Insurance Institute safety tests after redesign

The recently revamped 2024 BMW X2 crossover, which is slightly larger and features enhanced technology, has achieved the Top Safety Pick designation from the Insurance Institute for Highway Safety. The organization praised the SUV, now available starting at $42,995, for its excellent crashworthiness and crash avoidance capabilities. IIHS evaluates vehicle performance using ratings of poor,

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Insurance

More drivers are seeking new car insurance policies because of rising rates

Car insurance premiums are on the rise, prompting vehicle owners to take action. A recent study conducted by LexisNexis revealed a trend of more people actively shopping for new car insurance policies to save money and obtain better coverage options. According to the study, over 40% of insured drivers sought out new insurance policies in

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Insurance

Top 10 Gas Vehicles with the Highest Ownership and Operating Costs in 5 Years

Having a car these days can be a costly investment. Gas, insurance, depreciation, and repairs can add up quickly, but some vehicles can be much more expensive to operate than others. The team at Marketwatch Guides recently calculated the running costs of various vehicles, revealing that certain luxury models can require a significant amount of

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Insurance

Types of Coverage Included and Excluded in Homeowners Insurance Policies

What Does Home Insurance Cover? When it comes to protecting your home financially, homeowners insurance is essential. It provides financial security by covering various risks associated with owning a house. Understanding what is covered and excluded in your policy is crucial. Coverage Offered by Home Insurance Homeowners insurance typically includes the following coverages: Structural Coverage—This

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