Insurance
Homeowners Insurance
by Catherine Eagan
Homeowner’s Insurance (HOI) is a kind of property insurance that provides protection against damage to, and liability associated with, private homes. These policies typically cover the actual house itself, as well as the contents of the house, parts of the property the house sits on, and living expenses associated with loss of the dwelling. Liability coverage pertains to any suits that arise from incidents on the property, for example, a neighbor trips and falls on your snow-covered driveway and fractures his arm.
Auto Insurance
by Catherine Eagan
Auto insurance is coverage for a motorized vehicle, and is also known as car insurance or motor insurance. It is purchased for cars, trucks and other vehicles. It is used to provide protection against losses associated with vehicle collisions or other damage or loss to the property. It also includes liability coverage as well as coverage against theft of the vehicle. In some cases, these policies cover losses associated with property in the car at the time it was stolen.
Disability Insurance
by Catherine Eagan
Disability insurance provides coverage to individuals who are sick or injured and cannot work in order to earn income. There are classically two types of disability insurance: short-term disability and long-term disability.
Umbrella Insurance
by Catherine Eagan
Umbrella insurance is a type of liability insurance that provides coverage beyond the limits of primary policies, so called because it provides an umbrella of coverage against claims from all policies underneath it, such as home and auto policies. For example, if you are involved in an injury accident which is deemed to be your fault and the injured party sues, the amount of the damages could exceed the policy limits of your auto policy. In a case like this, umbrella protection would cover amounts between the limits of the auto policy and the limits of the umbrella policy, protecting your assets from the suit.
Health Savings Accounts
by Catherine Eagan
Health Savings Accounts (HSAs) were established by President Bush in 2003. They are medical savings accounts that are designed to help individuals save for future medical expenses. One of the biggest advantages of an HSA is that they funds can be put into the account on a tax-free basis. It is both a savings vehicle and a form of health coverage.