If your home is struck by a bolt of lightning during an approaching storm, your standard home-insurance policy should cover damage caused by fire. The policy should also cover damage to your home's central air-conditioning system and any electrical appliances or electronics that were plugged into outlets at the time. According to the Insurance Information Institute, home-insurance claims for property damage caused by fire and lightning involve the most money. Therefore, if you aren't sure about what's covered if lightning strikes your home, the time to get answers to your questions is now, not later. [Read More]

One of the things to do when you are planning for your retirement is to set some money aside to take care of any long-term care that you may need due to a potential disability or critical illness. A hybrid long-term care policy is an insurance policy you can purchase to ensure that your medical expenses are covered should you find yourself in need of long-term care, such as a stay in a senior care facility, hospice, or simply needing a live-in caregiver. [Read More]

According to ABC News, only about one-third of Americans who rent their homes carry renter's insurance. Many think that they are covered by their landlord's insurance. However, that insurance only covers the structure, not your personal property. But, that's just one reason to carry renters' insurance. Why you need renter's insurance 1. It's surprisingly affordable. Since the money that the insurance company will have to pay out to a renter compared to a homeowner is much less, the yearly premium for renters' insurance is also much less. [Read More]

The new school year is just about to start. If you have teenagers, that means it could be time for driver's education classes and driver's licenses. Unfortunately, that also means you might be spending time worried about your kids as they get behind the wheel by themselves. Unfortunately, statistics show that 16-year old drivers have a higher accident rate than any other drivers.  Luckily, there are some steps you can take to help prepare your kids for the responsibility of being a safe driver. [Read More]