First time home buyers have many expenses in addition to their down payment. From the home inspection to the appraisal, there are many out-of-pocket costs involved in buying a house. Homeowner's insurance is one of these unexpected expenses.
What is homeowner's insurance?
Homeowner's insurance is an insurance policy that covers personal residences. The policy guarantees to help cover the cost of repairing or rebuilding the home in case of fire, earthquake, tornado, storm, or other natural disaster damage.
While liability, comprehensive, and collision coverage are all important components of many auto insurance policies, they're far from the only coverage options available. In fact, many car insurance carriers offer a wide range of "extras" that can provide you with added protection and peace of mind while you're behind the wheel. By having a better understanding of what these extras are and how they work, you can make an informed decision regarding which may be right for you.
Your auto insurance rates will change throughout the course of your life, and you'll probably see at least a small premium adjustment every time you renew an existing policy or purchase a new one. There are, however, certain events that will trigger particularly substantial changes in your premiums. Here are three events that will significantly impact your auto insurance rates.
1. You Purchase a New Car
The car you drive has a major impact on how much your auto insurance rates are for the year; make and model affect both the risk of injury during an accident and how much your insurance company might need to pay if your car is totaled.
Businesses that use vehicles in the course of their regular operations need to carry some form of auto insurance. There are several different types of commercial auto insurance available, though, and what kind your business needs depends on what sort of vehicles it uses.
Few Company-Owned Vehicles: Traditional Commercial Auto Insurance
If your business owns one or a few commercially registered vehicles, you should look at the traditional commercial auto insurance options that are available.