Common Types of Surety Bonds & How They Work
Posted: May 19, 2022
A surety bond is a contract that ensures specific obligations are met. These bonds are often required for contractors working on government contracts. They are performance-based. A surety bond is a guarantee between three parties. The parties in a surety bond are: The Principal: The individual who is required to have a surety bond. The Obligee: The individual requesting the bond. The Surety Company: The...
Is Insurance Cheaper if You Own the Car?
Posted: May 19, 2022
It’s the day you’ve been waiting for. You paid off your car. Congratulations! Now what? As you enjoy the extra cash in your bank account, it may be a good time to take a look at another expense that impacts your budget: your auto insurance. Now that you own your car, it’s reasonable to ask: Which coverages are optional when you own your car? Which...
Understanding What Your Home Insurance Policy Covers
Posted: May 16, 2022
Understanding your home insurance policy and what it covers is essential but easier said than done. Insurance contracts are written in a legal language unfamiliar to most of us. To understand your coverage, you may want to get help from a local insurance agent. You need to know what is covered – hopefully long before you need to file a claim. You likely have homeowners'...
What To Know Before You Finish Your Basement
Posted: May 12, 2022
In most cities across the United States, today’s hot real estate market is showing no signs of cooling down. Home prices continue to climb, driven by a shortage of inventory and low mortgage rates. And this hot market is driving many homeowners to invest in upgrading their current home instead of buying a new one. For those looking to add more usable indoor space, finishing...
Family Floater Life Insurance Policy and How They Work
Posted: May 7, 2022
A "family floater" plan provides life insurance coverage to all family members. These policies are a smart choice for many families. Also called "family life insurance," your entire family has life insurance with a single policy, a far simpler and more efficient process. Life insurance policies are typically purchased to cover the parents. If one of the breadwinners for the family should suddenly pass away,...