Home insurance plans tend to get ignored until they’re needed, and that can be a costly mistake for homeowners. “Most homes in the U.S. are underinsured, and it gets worse if you’ve renovated or upgraded your home,” says Mary Boyd, division president at ACE Private Risk Services. Home insurance will…
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3 Things Dog Owners Need to Know About Homeowners Insurance
Up to 47% of American households have a dog, and for insurance companies, these households represent a risk. In 2013, homeowners insurance policies paid out some $483 million in dog bite liability claims. Obviously, insurance companies would rather not be shelling out hundreds of millions of dollars over dog bites.…
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Mistakes to Avoid When Shopping for Long-Term-Care Insurance
It’s a decision many baby boomers are grappling with: Should I buy long-term-care insurance? The decision has never been more difficult. According to researchers at Georgetown University and Pennsylvania State University, about 70% of individuals 65 and older will need long-term care—whether at home or in an assisted-living facility or…
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Does health insurance increase your lifespan?
The mortality rate in Massachusetts declined substantially in the four years after the state enacted a law in 2006 mandating universal health care coverage, providing the model for the Affordable Care Act. In a study released last week, Harvard School of Public Health professors Benjamin Sommers, Sharon Long and Katherine Baicker conclude…
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5 things to know on children’s life insurance
Policies for children represent a small fraction of the life insurance market, but they made the news this week after a court hearing for a Georgia man accused of killing his young son by leaving him in a hot car. Testimony and court documents revealed that Justin Ross Harris and…
