Legal Articles

Lawyers and Legal Malpractice: Three Things to Know About Insurance



If you are starting your own law firm then you probably already have a lot of experience with handling clients, representing their best interests, and understanding how a law firm generally functions. What you may not know a lot about, however, is how legal malpractice insurance works. For lawyers, legal malpractice claims can end up […]

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Six Bad Faith Tactics Used by Insurers



It is not unusual to have a disagreement with your insurer about how much your claim is worth. However, what is unacceptable is if your insurer denies or delays your claim by acting in bad faith. Bad faith is a very important term in contract law, especially when concerning insurance claims. Simply put, an insurer […]

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Five Steps To Take To Protect Yourself From Financial Identity Theft



Financial identity theft is a serious and growing problem in this country. Unlike other theft crimes in which you know that money or valuables have been taken from you, it could be days or weeks before you become aware that you have been the victim of a crime. The Bureau of Justice Statistics of the […]

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How Does the Student Loan Repayment Program Work in the Army?



If you're a "career" member of the Armed Forces, you're entitled to several unique benefits. If you serve in active combat, you're likely to receive substantial financial assistance for any educational endeavors that you undertake in the future. You're also entitled to a robust program of health insurance. If you're married and have children, it's […]

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How Long Should I Carry Homeowner’s Insurance After Foreclosure Starts?



Facing foreclosure can be a frightening prospect. Once your foreclosure has become a matter of public record, you'll be forced to find a new place to live. This will require you to face the daunting task of moving your spouse, children and belongings across town or to a completely different part of the country. With […]

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How Much Will Allstate Pay If I Lost Everything in a House Fire?



Fires can be particularly devastating. Like floods, they tend to damage or destroy structures and possessions without prejudice. Unfortunately, they're also one of the most common hazards that American homeowners can expect to face. As a result, homeowner's insurance companies generally offer robust protections for policyholders whose homes are damaged or destroyed by fires. While […]

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Can the IRS Seize Money from a Life Insurance Policy After It’s Paid to the Beneficiary?



If you're named as the beneficiary on a life insurance policy, chances are good that you're anticipating a substantial windfall. The average life insurance policy's death benefit exceeds $100,000 by a substantial margin. Although it's likely that you have debts and obligations that might prevent you from spending the bulk of your benefit, it's virtually […]

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How Does Homeowner’s Insurance Work in a Foreclosure?



If you're facing foreclosure, chances are good that you have many worries on your mind. After all, you stand to lose the home that you've worked so hard to keep. In addition to the psychological and physical disruptions that your foreclosure is likely to cause for your family, you'll have plenty of financial issues to […]

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How Long Can I Stay on My Parents’ Insurance?



Car insurance is a major expense for which many young people fail to plan. In fact, it's especially important that you account for the cost of your auto insurance policy in your household's budget. Since these costs tend to vary over long periods of time, a sudden spike in your auto insurance premiums after an […]

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Can I Be Added to My Boyfriend’s Health Insurance at Best Buy Even If We’re Not Married?



These days, finding an adequate health insurance policy can be demanding. Although many employers still offer robust group health insurance plans that cover a wide range of medical expenses, these are becoming more expensive with each passing year. In some states, health insurance can cost as much as $15,000 for a family of four. If […]

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Will Homeowner’s Insurance Cover a Water-Damaged Laptop?



Water damage has an unfortunate habit of striking without warning. Whether you left an upstairs window open during a torrential rainstorm or returned home from vacation to find that your home's poorly-insulated sewer pipe had burst, chances are good that your experiences with in-home water damage haven't been pleasant. To make matters worse, you're probably […]

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What Websites Offer Free Sample Exams for the Property and Casualty Insurance Exam?



If you aspire to be a licensed insurance agent, you'll need to spend a significant amount of time studying for your state's property and casualty insurance exam. While each state administers its own version of the exam, the subject matter is finite and easy to review. Even if you can't find a sample exam or […]

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What Is the Purpose of an EEGTL Tax?



If you've recently scrutinized your paycheck, you may have noticed a novel type of payroll tax: the so-called "EEGTL tax." If you're hit with this tax during a given pay period, you'll see a notation on your full pay stub. Depending upon the formatting of your paycheck, the EEGTL line will probably appear just below […]

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What Does a Homeowner’s Insurance Adjuster Do?



Insurance claims adjusters have several clearly-defined roles. These roles require adjusters to speak with many different policyholders. If you hold a homeowner's insurance policy, chances are good that you'll deal with a claims adjuster at some point during your tenure as a homeowner. This interaction is equally likely to occur in person or over the […]

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Is there Any Way That I Can Write Off My Life Insurance Payments on My Taxes?



If you're like most life insurance policyholders, you're committed to ensuring that your family remains comfortable and solvent after your death. Whether your life insurance policy is structured as a temporary "term" plan or a permanent "whole" plan, chances are good that you've purchased enough coverage to support your family for many years to come. […]

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If You File a Homeowner’s Insurance Claim, Will Your Rates Go Up?



If you're getting ready to file a homeowner's insurance claim, you should take a moment to assess its likely impact on your out-year premium payments. According to the latest available statistics, the average American homeowner files just one homeowner's insurance claim per decade. If you've lived in your house for just a few years, you […]

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How Long Does My Insurance Have to Pay Out My Claim After We’ve Agreed on a Price?



Filing an insurance claim involves plenty of diligence and hard work. Unfortunately, the process also requires a tremendous amount of patience. Depending upon the severity of the damage to the covered piece of property, it might take as long as two years for you to receive a payout from your insurance company. If you disagree […]

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How Much Does Motorcycle Insurance Cost in Florida?



Florida's motor vehicle bureau requires every motorcyclist who lives within the state's borders to obtain motorcycle insurance. Like regular drivers, riders must carry certain "minimum coverages" that offer financial protection for reasonable expenses related to property damage, medical bills, injuries to uninsured motorists, and post-accident lawsuits and arbitration proceedings. In practice, this sets a "floor" […]

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Can I File a Claim Against My Neighbor’s Homeowner’s Insurance Company?



There are several instances in which it might make sense to file a claim against your neighbor's homeowner's insurance company. If your home was damaged by a structural component of his or her house, you might have reason to suspect that his or her negligence caused the problem. If a tree limb or other natural […]

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Can a Parent Have His or Her Married Daughter on His or Her Health/Auto Insurance Plan?



If you enjoy solid health insurance coverage through your employer or group health plan, you might be wondering whether your married daughter is eligible for inclusion on your policy. After all, you were able to include your child on your policy before her 18th birthday. Following the passage of the Affordable Care Act, you might […]

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