Insurance is a financial tool that is used when you don’t have enough dollars in your emergency fund to cover the loss yourself. Buying insurance is an emotional transaction. You are asking the insurance company to cover the terrible things in life that could happen to you. So it is no surprise that insurance companies have insurance for all sorts of perils. There are some policies that may not be worth purchasing.
Credit Card Loss Protection: We all fear our credit cards or credit card numbers will be stolen because we hear so much about identity theft. But you don’t need that $200 plus a year policy to protect you. Federal law limits your losses to $50 per card. Best advice: forget it and check your free credit history to catch any problems "
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In case you were wondering, insurance policies for homes and commercial properties probably don't cover any damage that might be caused by "fracking" – a relatively new approach to drilling for natural gas through hydraulic fracturing. The issue came ...Read more
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