SUZANNE KVILHAUG verified the accuracy of the information. What Is Retirement Planning? Planning for one’s retirement entails figuring out what one wants to earn in retirement and how to get there. Managing assets and risk are all part of retirement planning, as are determining expenses, setting up a savings plan, and locating sources of income. […]
fact checked by JIWON MA. Definition and How to Measure and Improve It What Is Financial Health? The state of a person’s personal financial affairs is referred to as financial health. The amount of money saved, the amount saved for retirement, and the amount spent on fixed or non-discretionary expenses are just a few of […]
Remember your audience This is true for a variety of types of writing, but it is much more important for specialized writing. For whom are you writing? What must your reader be aware of? Do they need to first gather materials for their work? Do they need to wear protective gear? How would they trade […]
Reviewed by SAMANTHA SILBERSTEIN; checked for accuracy by RYAN EICHLER. What Is Underinsurance? An inadequate insurance policy is referred to as underinsurance. While a good insurance policy won’t stop all of life’s disasters, it should make dealing with the financial consequences easier. However, in the event of a serious incident, underinsurance may result in a […]
Whether you drive your own vehicle or someone else’s (with their permission) vehicle, an auto insurance policy will cover you and other members of your family on the policy. Someone who is not on your policy but is driving your car with your permission is also covered by your policy. Only personal driving is covered […]
What Is Underinsurance? An inadequate insurance policy is referred to as underinsurance. While a good insurance policy won’t stop all of life’s disasters, it should make dealing with the financial consequences easier. However, in the event of a serious incident, underinsurance may result in a significant financial burden for the enrollee. Ideally, insurance should cover […]
The amount of risk or liability covered by insurance services for an individual or organization is known as insurance coverage. An insurer issues insurance coverage in the event of unanticipated events, such as life insurance, auto insurance, or more unusual types like hole-in-one insurance. Key Takeaways from 1:10 Life Insurance Insurance coverage is the amount […]
Written by JULIA KAGAN, last revised on June 28, 2021, and reviewed by MARGUERITA CHENG. What Is Comprehensive Insurance? A type of auto insurance called comprehensive insurance covers damage to your vehicle that doesn’t result from a collision. If your car is damaged by a tornado, dented by a run-in with a deer, spray-painted by […]
What Is Watercraft Insurance? The umbrella term “watercraft insurance” refers to three distinct types of insurance: yacht insurance, personal watercraft insurance, and boat insurance. It shields vessels powered by motors with a horsepower of at least 25 miles per hour (mph) from damage. Physical loss or damage to the boat, theft of the boat, and […]
A contact between an individual (the policyholder) and an insurance company (the provider) is an insurance policy or plan. In accordance with the terms of the agreement, you make regular payments to the insurer—known as premiums—and expect them to compensate you in the event of a calamity—such as an accident, Damage to a house, or […]
