What Does “Actual Cash Value” Mean In Car Insurance?

Defining “Actual Cash Value” Unlike our homes, we all expect that our cars depreciate in value over time. In fact, you are probably familiar with the fact that your car drops in value the second you drive it off the dealership lot. Once your car is no longer new, its resale value diminishes. Your car insurance provider knows this, too, and that is why your car insurance policy probably contains the words “actual cash value.” What actual cash values means is that your insurer will reimburse Read More

FAQ About Life Insurance: What You Should Know

Life insurance can be a daunting thing to think about. However, it is a good idea for everyone to plan ahead and get a life insurance policy to protect your loved ones. To help you out, we have some answers to frequently asked questions about life insurance. Who needs life insurance? Everyone can benefit from having life insurance, but the need varies with a person’s age and responsibilities. Anyone who has people depending on them should get life insurance. What does life insurance Read More