Personal Finance
Key takeaways Liability coverage helps pay for another driver’s vehicle repairs and medical expenses if you cause an accident. It won’t cover injuries you sustain or damage to your vehicle. This type of insurance is required by law in most states. Car insurance is not just a good idea, it’s…
Dependent life insurance is a type of life insurance you may not have encountered, but which could be good to investigate. Life insurance is designed to provide financial resources in the event that the insured person — often the policyholder — dies while the policy is in force. Dependent life…
Maria Korneeva/ Moment/ Getty Images Store credit cards have some advantages over general-purpose credit cards. They’re often easier to qualify for, which is handy if you’re working to establish your credit. You can also earn extra rewards and benefits at the places you shop at the most. The downside is…
Key takeaways HO-3 insurance is the most common type of home insurance policy. Standard HO-3 policies provide coverage for your home’s structure, contents, liability, medical payments and additional living expenses. Standard HO-3 policies exclude damage from flooding and earthquakes, but coverage may be available through endorsements or standalone policies. It’s…
DGLimages / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. Your favorite Friday night restaurant could be dishing out a hefty blow to your retirement dreams. In a recent MarketWatch…
Since starting Financial Samurai in 2009, I’ve encouraged folks to keep an open mind and embrace as many different perspectives as possible. So often, we get set in our ways and think our approach is the only right way to do things. But I can assure you, you’re probably missing…
Wavebreakmedia/Getty Images Key takeaways VA loans are available to active-duty military personnel, veterans and surviving spouses who need to finance a home purchase. You must provide a VA-approved lender with a certificate of eligibility (CEO) to prove you qualify for a VA loan before you can get preapproved. The VA…
Living abroad doesn’t mean you can leave your U.S. tax responsibilities behind. If you’re an American expat, the IRS still expects you to report your worldwide income — no matter where you live or work. Here’s the good news: There are a few different tax breaks that help many expats…
PhotoAlto/Eric Audras/Getty Images Key takeaways A quitclaim deed is a legal document used to transfer ownership interest in a property without it being sold. They are often used in transactions between people who know each other well — a parent handing over ownership to a child, for instance. Once a…
Nitat Termmee/Getty Images Key takeaways Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. CPI coverage typically focuses on physical damage. Avoiding unwarranted CPI charges requires active communication and promptly sharing insurance updates with lenders. When you’re purchasing or leasing a vehicle, your lender…
