Firstly, you need to understand what renters insurance is. Assume you are living in a house as a tenant under a landlord’s property. The landlord has his property insured, and that’s about it. It does not cover the property of the tenant living in the insured house. That leaves you, the tenant, at a risk of losing your property without any coverage.

Every car owner should consider investing in car insurance, as it helps save money in case the vehicle is involved in an accident. Seniors especially benefit from the policy because they might be unable to pay for damages and medical bills when on a fixed income. When choosing a plan, one should check its coverage, price, and other key factors.

Life insurance offers financial stability to your loved ones after you die. It is a contract between the insurance company and you, wherein you pay periodic premiums, and the insurer, in return, pays the coverage amount to your beneficiaries after your death. If you are in the process of getting one, you may be wondering which insurer is the best.

Term life insurance is a great fit for people who support families, providing financial support when you aren’t around anymore to provide for them. At times though, you need to leave behind something more for your fully grown children/heirs. In such instances, the permanent life insurance is your best bet.

Owning a home comes with several unexpected expenditures, which are not always covered by your homeowners’ insurance. In such cases, it proves handy to opt for a home warranty insurance plan, which is designed to cover what your homeowners’ insurance doesn’t. A home warranty insurance plan is considered to be the foil to your home insurance when the certain perils that wreaked havoc on your home—water damage, earthquake, floods, or mold—are not covered by your home warranty insurance.  Here are certain things you should know about home warranty insurance plans that will help you arrive at an informed decision.

Before we begin, you must understand that home warranty insurance and homeowner’s insurance aren’t the same. A warranty is merely a service contract between you and the insurer to cover home repairs and replacements for basic appliances and systems. Home warranty companies only cover damages to your appliances and systems, but you will still be liable to damages that have been caused on account of misconduct.