Is it possible to have too much auto insurance? In general, the answer is “no.” Personal Injury Protection (PIP) and Medical Payments can be great, additional coverages on your auto insurance policy. While the two may appear to offer the same protection, each option has its own, unique benefits. For example, Personal Injury Protection will replace lost wages while Medical Payments will pay for medical expenses.
The phrase “no-cost life insurance” is a little misleading. “No-cost” doesn’t mean a free pass on life insurance; rather, it refers to your ability to be paid in full if you outlive your policy. Another term for this type of policy is “return of premium (ROP) term life insurance.” With this particular insurance, your premiums will be repaid to you, either partially or in full, if no death benefit has been paid by the end of your insurance term. [Read more…] about No-cost life insurance?