When couples get married, they are usually in a rush to start combining their lives and sharing their assets. This is all good, but one thing you shouldn't rush into combining is your auto insurance policies. There is a common belief that bundling car insurance coverage leads to multicar discounts, but this isn't always the case. Here are a few cases when you are better off with separate policies:
One of You Has a Checkered Driving History
Car insurance protects you from car-related losses. As such, you would expect it to be necessary only for car owners. In reality, however, you may need car insurance even if you don't own a car. Here are examples of cases where you are better off with car insurance even if you don't have a car:
You Intend To Drive a Friend's Car
Not all motorists on the road are driving their own cars.
Renter's insurance is one of those things that many young, single people think that they can do without. After all, if you're just starting out, it can be difficult enough to afford the day-to-day costs of living on your own—renter's insurance seems like a cost you can do without. If this applies to you, here are two reasons to reconsider.
1. You probably own a lot more than you think you do.
Owning a condominium unit can provide you with the best of both worlds – the wealth-building and autonomy that can come with owning real estate along with the ability to outsource exterior maintenance and repairs to the condominium association. However, these benefits are not without some potential pitfalls, and sharing walls (and plumbing access) with neighbors can sometimes present problems, especially when a plumbing leak develops. Read on to learn more about your options if you discover a water leak in your neighbor's condo is infiltrating your own.
When your business relies on the health and livelihood of animals to succeed and turn a profit, it can have you facing some really scary concerns. That are so many variables and factors that can come into play that would threaten the return of your initial investment in livestock that it is only logical top have some form of insurance. Thankfully, one sect of business insurance for farmers is livestock insurance, which essentially covers the animals you have on your farm.