I recently learned that my co-worker’s house was broken into, and she did not have renter’s insurance to protect her family’s possessions. The thieves stole cash, electronics, and other valuables from their apartment.
When she told me they didn’t have renter’s insurance, my immediate followup question was, “Why in the world not?”
Renter’s insurance is very cheap, [...]
Archive for the ‘Insurance’ Category
Five Myths About Renter’s Insurance
Filed under: Insurance
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High Deductible Health Plans and Major Medical Bills
I spent yesterday at the hospital. Don’t worry, it sounds a lot worse than it was… Our oldest son had to have his tonsils and adenoids removed, so my wife and I were camped out in the outpatient surgical center for the better part of the day.
In the end, everything went smoothly, and he’s on [...]
Filed under: Insurance
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Should You Buy Travel Insurance?
If you’ve booked a vacation for your family lately, or sent your kid off on a school-sponsored field trip, you’ve probably considered trip-cancellation insurance. These offers generally promise to reimburse you for the vacation or field trip if you need to cancel. Are these plans worth the cost? It depends on your own personal risk [...]
Filed under: Insurance, Travel
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Buying Long Term Care Insurance
As a follow up to my recent post about the high cost of elder care, I wanted to spend a bit of time talking about long term care (LTC) insurance. In general terms, LTC coverage applies to individuals who are not actually sick, but are not able to perform the basic “activities of daily living,” [...]
Filed under: Insurance
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The High Cost of Elder Care
As I write this, I’m sitting in the living room of my childhood home. My dad has been experiencing some fairly serious age-related health issues, so I took some time off to come home and help out for a few days. Unfortunately, he’s at a point where my mom can’t care for him entirely on [...]
Filed under: Insurance, Planning
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Sticking With Our High Deductible Health Plan (and HSA)
A reader named Marc recently left a comment asking how our high deductible health plan has worked out for us. Given that November is open enrollment season, this is a very timely question, so I thought I’d tackle it with a dedicated post.
In short, we’ve been thrilled with the HDHP (and the associated HSA) offered [...]
Filed under: Insurance
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Does Homeowners Insurance Pay for Removal of Fallen Trees?
While Hurricane Irene wasn’t nearly as bad as many pundits predicted, it still caused a good bit of damage. If you’re one of the many East Coast homeowners that is stuck cleaning up storm damage, you might be wondering if your homeowners insurance will pay for tree removal.
Here’s the scoop:
If your tree fell on your [...]
Filed under: Insurance
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The Cost of Living in a Paid-Off House
About a year and a half ago, we paid off our mortgage. The issue of whether you should pay off your mortgage early or invest has always been a hot topic in financial circles, but I can tell you this much:
We haven’t regretted our decision to pay off our mortgage. Not even once.
Of course, just [...]
Filed under: Insurance, Mortgages, Real Estate, Taxes
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Five Home Insurance Red Flags and How to Avoid Them
This is a guest post from Lisa White.
During a recent wind storm, a friend was awakened during the night by a loud banging sound. Moments later, her neighbor called, saying that he had big pieces of her home’s siding on his front lawn. My friend’s first thought was, “How will this claim affect my home [...]
How Much are Moms Worth?
In honor of Mother’s Day, I wanted to highlight a recent analysis by Insure.com on the value of the work that a mom does throughout the year. According to their Mother’s Day Index, all the stuff that a typical mom takes care of adds up to $61,436/year.
Given the source of this info, it’s perhaps not [...]
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