Life insurance in your 20s can be a powerful financial tool that not only helps pay for your funeral in the event of your untimely demise but also many other expenses. Your family may not be prepared if you pass away at a young age and premiums may be challenging for some, however, there are many benefits and lower costs when you purchase a policy earlier in life.
You don’t have to get auto insurance for a learner’s permit in Texas, however, you still need to notify your insurance carrier. Failure to do so could result in lapses in coverage in the event of an accident. Planning ahead can help your family save money on auto insurance once your teen gets a Texas driver’s license.
A hit-and-run accident shouldn’t cause you to have an increase in your auto insurance premium if you aren’t at fault. With that said, some circumstances and carriers may also cause you to pay a higher premium. There are laws in Texas to help mitigate hit-and-runs, however, this doesn’t mean they aren’t a common issue for drivers. You can protect yourself with uninsured/underinsured motorist (UM/UIM) coverage and if you are facing a premium increase due to a hit-and-run, shopping carriers can help you switch and save money.
In Texas, hurricane insurance primarily pertains to homeowners insurance featuring a hurricane deductible, especially in high-risk coastal areas. Additionally, it encompasses various policies like home/renters, windstorm, and flood insurance. Windstorm deductibles, based on a percentage of the home’s value, differ from standard homeowners insurance deductibles. Renters, drivers, and boat owners each have distinct needs for storm coverage in Texas. Regardless of your situation, securing coverage before hurricane season begins is crucial to avoid any potential lapses.
Subrogation helps carriers reclaim compensation that is owed after a loss that may otherwise never be recouped. For example, subrogation in insurance can involve seeking compensation after an uninsured driver doesn’t help restore damage to your vehicle. There are waivers of subrogation that can give up a carrier’s right to pursue such legal matters as well. Furthermore, because legal issues can be a headache, drivers and homeowners need to understand their resources when facing this process.
Although car insurance for married couples is often less expensive, other partnerships have options to save. Furthermore, when you are married, there are ways to maximize savings and coverage by comparing carriers available in your area.
If you are a young driver or have one in your family, premiums can be high. Having younger drivers on the same policy as their parents, shopping around, finding discounts, and getting good grades can help lower premiums. You can even take safe driving courses or raise your deductible to save on your monthly expenses.
No-fault insurance isn’t used in Texas but is a system some states use to help make the claims process smoother for drivers. Some no-fault states require PIP coverage and although the Lone Star State uses an at-fault system, PIP insurance is available.
In recent years, big storms hit places like Florida and Louisiana, and wildfires swept through California. Now, in 2024, Texas is facing a similar problem
I n Texas, the ubiquity of potholes on roads isn’t just an inconvenience; it’s a stark indicator of public infrastructure in need of attention. More
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