Author: tayyaba

Some types of insurance, such as health savings accounts (HSAs), long-term care policies, and life insurance, may provide tax benefits or deductions.

A rider is an add-on to an insurance policy that extends coverage for specific situations that the base policy doesn’t cover.

While it may be tempting to choose the lowest-cost insurance policy, cheaper options often come with gaps in coverage, higher deductibles, and poor customer service.

Many insurance companies offer discounts for taking proactive steps to prevent damage, loss, or injury.

The location where you live can have a significant impact on your insurance premiums. Areas with higher crime rates, extreme weather conditions, or a history of natural disasters may result in higher premiums.

Many insurers offer discounts if you purchase multiple types of insurance policies with them, such as combining auto, home, and life insurance.

Insurance policies have limits on how much they will pay out in the event of a claim. If your coverage limits are too low, you could end up paying out-of-pocket for damages or losses that exceed those limits.

Some types of insurance, particularly auto and home insurance, may raise your premiums after you file a claim. Understanding how claims affect your rates can help you decide whether to file or pay out-of-pocket for smaller incidents.