So, you blinked one day and now your child is 16 and ready to get their driver's license and take on the world! On one hand, great! Now you have someone to send to the grocery store while you're making dinner because you forgot to get milk, or take their siblings to baseball practice and dance lessons, or just chauffeur you around because - quite frankly - you've driven them around everywhere for 16 years and you deserve a break! On the other hand, what's going to happen to your car insurance premium? You've probably heard all the nightmare stories from friends and family about how their insurance payments doubled, or even tripled. Why does this happen, and what can you do to soften the blow
7 Relevant Insurance Terms for You Insurance has its own vocabulary. Some words and phrases may be unfamiliar even to those who have long owned insurance coverage. To help recognize key insurance topics, here are seven relevant insurance terms: Deductible A deductible is the amount of money that a policyholder must pay before his or her plan’s benefits kick in. For example, if a policy has a $500 deductible, you will have to pay $500 out of pocket after making a claim before the insurance policy would provide coverage. Umbrella Coverage Umbrella coverage is additional liability insurance that operates in conjunction with a primary policy such as a personal automobile or homeowners insuranc
