HOWTO: Flexible Spending Accounts (FSA) Deconstructed
Posted on August 20, 2007 - Filed Under Insurance, Unexpected Expenses, Saving, Spending | 6 Comments
Flexible Spending Accounts (FSA) have been something I never fully understood. They seemed complex, cumbersome, and although a good idea, were executed poorly. Over the years FSAs have become simpler and more convenient, allowing the user to have real savings without all the hassle. There are two types of FSAs: health care and dependent care. Health […]
Read More..>>6 Things To Know About Your Homeowner’s Insurance Prior To A Disaster
Posted on August 7, 2007 - Filed Under Insurance | 2 Comments
Anyone living in the coastal Southeastern United States knows the importance of understanding your homeowner’s insurance prior to hurricane season (June through November). I can remember when the first hurricane of the 2004 season was approaching Central Florida, Hurricane Charley, calling my insurance company to fully understand the details of my coverage. That was a lesson for me as […]
Read More..>>Wedding Insurance: Is This Crazy Or Is It Just Me?
Posted on July 23, 2007 - Filed Under Insurance | 5 Comments
I thought I had heard of almost everything that could be insured after researching and writing this post on insurance a few months ago. Then I was reading the Sunday newspaper and found an article titled, “Play It Safe, Insure Nuptials.” The basic concept of wedding insurance is it can protect you against “disasters beyond your […]
Read More..>>HOW TO: Lower Your Auto Insurance
Posted on July 12, 2007 - Filed Under How To, Insurance, Saving | Leave a Comment
Ever since I got my first car at about 17 I have hated paying auto insurance. My insurance rates were really low until I was 21 and got into two accidents in a span of six months. The first accident I hit a small sign when I hydroplaned in the rain doing only minor damage to my […]
Read More..>>6 Things To Know About Your Disability Insurance
Posted on July 11, 2007 - Filed Under Insurance, Financial Planning, Income | Leave a Comment
I really did not even know what disability insurance was five years ago. While in college, and prior to entering the corporate world, there was little time to understand cumbersome topics such as “disability insurance.” But the older I get and with the prospect of having people rely on my income in the future, it can be wise […]
Read More..>>Top 5 Insurance Policies You Do Not Need
Posted on June 2, 2007 - Filed Under Insurance | 4 Comments
There is insurance for almost everything that involves the slightest amount of risk. After all insurance is defined “as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium.” I am going to generalize in this post on the top 5 insurance policies you do […]
Read More..>>Reducing Homeowners Insurance If Property Decreases In Value
Posted on May 2, 2007 - Filed Under Insurance, Home Savings, Unexpected Expenses | Leave a Comment
A question was posed today at work: If a home is worth less now than it was a few years ago (unlikely situation, but possible) can money be saved by reducing homeowners insurance to reflect this?
Answer: Most likely not. Homeowners insurance is replacement value, not market value. There should be enough insurance to rebuild your […]
