Did you know that there are limits to the liability policy of your auto and homeowners insurance? Liability is part of the policy for both insurance that covers medical bills, therapy, and lost wages. It also covers legal expenses such as the fee for your attorney.
When you sum it up, standard liability insurance cannot cover all the legal and medical fees that you need to pay to the plaintiff. This is where umbrella insurance should enter the picture. It provides an added layer of protection, which can be useful in dealing with bills.
How do you go about it if you own several cars and would like to buy auto insurance? First of all, know that most insurers allow the insured to include up to four cars on a single policy. By doing this, you will have a lower premium compared to buying a separate policy for each of your vehicles.
Some insurance agents recommend getting separate auto insurance for teenage drivers in the family while keeping a multi-car policy for the parents. This option can be less expensive for the family. You may shop around and ask for quotes from different insurance companies.
Wood dust around your property? Then you may have a termite problem. A termite looks small and insignificant but when a colony starts gnawing on your foundation, then you got a really huge headache. And the last thing you’ll need if you want to sell your home is termites. Should you disclose a termite problem or not, when selling your property?