Courtesy of http://www.iii.org/article/what-determines-price-my-auto-insurance-policy The average yearly auto insurance premium is around $800, but there is wide variation around this average. Many factors can affect your premium, and they all help determine how likely you are to have an accident. Perhaps surprisingly, many of them do a better job than just your driving record. Not all companies use all of these factors, and some might use factors not listed here. Your premium may depend on, in no particular order: Your driving record. The better your record, the lower your premium. If you have had accidents or serious traffic violations, it is likely you will pay more than if you have a clean driving record. You may also pay more if you are a new driver and have not been insured for a number of years. How much you use your car. The more miles you drive, the more chance for accidents. If you drive your car for work, or drive it a long distance to work, you will pay …
Does Your College Student Need Insurance?
Courtesy of iii.org It's best to consult your insurance professional for the details of your family's specific coverage and where you might need additional protections, but here are some general guidelines: Students who live in a dorm are covered under their parents' standard homeowners insurance policies – That is, their possessions are protected by "off premise" coverage. However, some homeowners policies may limit this amount of insurance, so make sure you understand your own policy. Students who live off campus are likely not covered by their parents’ homeowners policy – Your insurance professional can tell you whether your homeowners or renters policy extends to off-campus living situations. If it does not, to protect student belongings, those living off campus may need to purchase their own renters insurance policy. Computers and smartphones may carry stand-alone insurance – If you're getting these items new, at the time of purchase you may be offered …
Stay Safe When Grilling
Courtesy of iii.org Every year, millions of Americans safely enjoy outdoor barbecues, but accidents do happen. According to the U.S. Fire Administration, about 5,700 grill fires take place on residential property every year, causing an annual average of $37 million in damage, 100 injuries and 10 deaths. The majority of grill fires are caused by malfunctioning gas grills. In addition, thousands of people visit emergency rooms every year because they have burned themselves while barbecuing. In the rare instance of a grill fire spreading to your property, your homeowners insurance would provide financial protection as fire is a covered peril. A homeowners policy covers the following: Damage to the house itself. Damage to personal possessions such as lawn furniture. Damage to insured structures on your property, such as a shed or gazebo. Injuries to a guest, under the liability portion of the policy. Keep in mind you’ll have to pay your deductible before your …