What is gap insurance and when do I need it?

Of personal assets with the most rapid depreciation rates, cars, trucks and other vehicles rank among the highest. Auto industry experts estimate most vehicles depreciate in value by an average of ...

What are the two components of a universal policy?

Universal life insurance is a type of permanent life insurance that does not expire, as long as premiums are paid. Universal life insurance has two components: cost of insurance and cash value. Cos...

Why do I need indemnity insurance?

Indemnity insurance is vital for any policyholder seeking protection against potential third-party claims. In exchange for monthly or annual premiums, indemnity insurance safeguards policyholders f...

How Much Auto Insurance Do I Really Need?

Deciding how much auto insurance you really need is a challenging question. Most states require drivers to purchase a minimum amount of insurance, but that could leave you financially vulnerable if...

What Is Not Covered in an Umbrella Policy?

Standard homeowners insurance policies help pay medical expenses when someone is injured in your home or if you are liable for damage to a neighbor’s property. But that may not be enough insurance ...