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.
On a day with a clear blue sky dotted with the occasional puffy white cloud, Sheri and I hoisted our backpacks and headed up the Four Pass Loop Trail in Colorado. We love backpacking, and this trip promised to be enjoyable and a little challenging, while providing a week’s escape from the August heat in Dallas.
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.
If you have a son or daughter heading off to college, you’re in the midst of getting everything together, packed, and ready to either take them to school or preparing them to head off on their own. As busy are you may be right now, there are a couple of car insurance related topics that are worth taking a few moments to examine as a parent, and to talk about with your son or daughter before they step onto campus.
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.
I work with a number of clients who own rental property; some are just starting out with their first property while others have been at it for years and own multiple units. Most people who are starting with their first rental property tend to insure them with the same company that insures their primary home and cars. Those that own multiples may continue to insure theirs in the same way, but is this the best way?
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.
You and three of your best friends are headed to the Texas Hill country for a weekend to get away and catch up with each other. You’ve been looking forward to it for weeks! It’s been a very long week with late nights to wrap up a project before heading out of town and you’re tired. You ask one of your friends to drive your car while you rest. They accidentally clip another car while passing. No one got hurt, but it’s your friend’s fault and your car.
Most of the time, I rarely think about my air bags. My car has full frontal air bags along with side curtain air bags. I have no desire to ever see what they look like or even discover how they work, but I’m very glad they are there. I have been in one major accident in my life, before the cars I owned had air bags. The seatbelt saved my life and protected me from suffering any major injuries. I’d like to avoid experiencing that again.
I have a number of clients across Dallas / Fort Worth who own rental property. Some are first time landlords while others own multiple rental properties and have done so for many years. It’s exciting for me to be a part of helping someone reach their financial dreams by protecting an asset that should grow in value over time. When working with a person buying their first rental property, I begin that discussion with a brief overview of the three types of rental property insurance policies.
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