Sheri and I have a blended family. Between the two of us, we have 7 kids and 5 grandkids, the latest arrived Wednesday night at 7:30. She’s beautiful just in case you were wondering! Her arrival reminded me of a question I’m occasionally asked by people who are evaluating life insurance after the birth of a child, and that is, should they get a life policy for their new bundle of joy?
Last year, I wrote a post, Insurance Apps & Insurer’s Use of Your Questions (see http://50.87.248.161/~wiseinsu/insurance-apps-insurers-use-of-your-questions/) where I outlined two insurance related bills the Texas Legislature passed. One bill allows Texas drivers to carry proof of insurance on their smart phone, the other bill barred insurance companies from using customer inquiries to cancel or non-renew, or to increase their premiums.
Several times a year, I receive a call from an individual or family member who’s very anxious. They’ve found their dream home in north Texas, put their earnest money down, and ordered the inspection. The inspection outlines an issue and they find out days or a week before closing from their insurance agent that this issue prevents them from getting home insurance.
I am a baby boomer. Both my parents are alive and in relatively good health, however, they aren’t getting any younger. I’ve attempted to discuss several of these topics with my dad over the past several years. He politely assures me he has it handled and that’s the extent of the conversation, however, I don’t know what that means nor do I have any knowledge of what he or my mother truly want.
I was reviewing a car insurance quote with a prospective client the other day. She and her husband are buying a new home and wanted to review their car insurance to see if they could save money on that as well. We were in the midst of discussing liability coverage when she asked me to explain the difference between split limits and combined single limits as she’d heard someone mention this to her.
Sheri and I went backpacking in Colorado last week for our vacation. It was wonderful to get out of the 100 degree temps in Dallas and enjoy some milder weather, the mountain views, and the challenge of breathing while lugging a pack up a 13,000 foot pass. Before, and after, our two person tent became our abode for three nights, we stayed in a condo. Like many condos in Colorado’s ski areas, this one is a family’s second home, and it led me to think about home insurance for second homes.
News sites across the internet, as well as local media, informed us that 1.2 billion usernames and passwords were stolen by an internet crime group located in a small city in south-central Russia. In addition to the usernames and passwords, over 500 million email addresses were also stolen and confidential material was obtained from 420,000 websites. The websites that were hacked included Fortune 500 companies as well as small internet sites.
Last week, numerous web sites carried the news story, wrote blog posts, and print articles on the Urban Institute’s study that 35% of all Americans are delinquent on their debt and getting to know their debt collectors on a first name basis. If you live in the Dallas metropolitan area, the news is even worse.
No one wants to pay more for their car insurance than needed. This is why many people volunteer their cars have such features as anti-lock brakes, a security system, air bags, etc. With that in mind, here are 10 discounts to be aware of that may add up to some nice savings on your car insurance!
I met with a client earlier this week for coffee at a Starbucks in Frisco. One of the topics she wanted to discuss was her and her husband’s umbrella insurance policy. Her two questions were did they have enough coverage and what factors influenced the policy’s rate. I thought they were excellent questions and should be addressed as separate posts in our blog.
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