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Insurance is an expense that most people do not want to have, but it is an essential investment. Certain types of insurance, such as automobile and motorcycle, are required by law, especially if you have a loan on a vehicle or a home.

Life insurance may not be required, but perhaps it should be because of its many benefits. Unfortunately, more than 40 percent of Americans do not have ANY form of life insurance. If you are ready to purchase a life insurance policy, help is available. Here are a few tips to make the purchase of life insurance a little easier.

What You Need to Know About Health Insurance and Employee Benefits

What benefits help attract qualified employees? In a competitive job market it may not seem like benefits matter. But the perks often make a major difference when it comes to the best candidates’ acceptance rates. Take a look at what benefits employees value and how you can provide options.

Health Insurance Basics

The work that nonprofit organizations do exposes them to many different risks, and they need a variety of insurance coverages as a result. Some of these, like property insurance for any owned buildings, are obvious. Others are less evident but just as important. The following are three liability insurance coverages that every nonprofit, regardless of its situation, should have.

1. General Liability Insurance for Common Risks

General liability insurance is a foundational coverage that’s used by businesses and nonprofit organizations alike. The coverage provides basic protection, shielding organizations from three common risks:

The work that nonprofit organizations do exposes them to many different risks, and they need a variety of insurance coverages as a result. Some of these, like property insurance for any owned buildings, are obvious. Others are less evident but just as important. The following are three liability insurance coverages that every nonprofit, regardless of its situation, should have.

1. General Liability Insurance for Common Risks

General liability insurance is a foundational coverage that’s used by businesses and nonprofit organizations alike. The coverage provides basic protection, shielding organizations from three common risks:

Teenagers and young adults attract some of the highest auto insurance rates because they are the riskiest drivers according to auto insurance companies. Here are some of the reasons for this high risk.

Lack of Driving Record

Auto insurance companies use your past driving history to predict future driving behavior. Teenagers don’t have driving records that auto insurance carriers can evaluate. Insurance carriers err on the side of caution and raise rates for this age group for the carriers’ protection.

Recklessness

If you own a second home or a vacation property, consider turning the residence into a money-maker by renting it out to individuals visiting the area on vacation. A vacation rental can help you offset the cost of a second mortgage, help pay for taxes on your second property, and ensure that your secondary residence doesn’t sit empty for too long.

You will need to ensure that your investment is protected before you make the decision to rent out your second home. This means evaluating your insurance options and securing the right policy to help meet your vacation rental needs in the future.

Life insurance financially protects individuals and families from a variety of dangers, including cancer. However, a young person with a family history of cancer may not think that they need life insurance and then develop cancerous tumors. Unfortunately, they may struggle to find a policy to suit their needs after a cancer diagnosis. Learn about a few reasons to get a life insurance policy now.

Family History Often Indicates Increased Cancer Risk 

People with a family history of cancer should talk to their doctor about their potential for developing various types of tumors. Unfortunately, an increased cancer risk does seem to run in many families, which may have to do with multiple elements of their genetics. This risk increases depending on the number of people who had cancer in their family. 

You should inform your homeowner’s insurance carrier before your home falls vacant. The notification is necessary because vacant homes carry more risks to insurers than occupied homes. A home vacancy is not just an issue for those with multiple homes; even homeowners with single homes sometimes leave their homes vacant for prolonged periods.

Why Your Home May Fall Vacant

When planning a vacation, it is easy to focus only on the fun parts of traveling, such as booking your rental property, packing for your travels, and finding fun local activities for your trip. However, you should also take a moment to understand how summer travels may affect your auto insurance coverage. Here are a few details to keep in mind during your upcoming vacations.

1. Your Auto Insurance Policy Covers Other Drivers

If you plan to drive to your destination, you may want to share driving duties with your friends and family members. As long as the individual driving your car has permission to operate your vehicle, your auto insurance policy will cover them if they get into an accident while operating your vehicle.

If you live in an area at high risk for earthquakes, understand that your standard home insurance policy doesn’t cover damage caused by earthquakes. While earthquake insurance is expensive, you stand to lose a lot without it given the potentially extensive damage such a disaster can cause.

Earthquake coverage is available as an endorsement to your home insurance policy or as a separate policy. Consider these factors when you buy a policy.