Conventional wisdom in the 20th century held that teenage boys were much more aggressive, riskier drivers than their female counterparts.
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Why Do So Few Renters Actually Purchase Insurance
According to Pew Research, home ownership has fallen over the past decade in major cities such as New York, Los Angeles, Chicago and Houston, renters outnumber homeowners, the US Census Bureau reports.
Read MoreHow to insure your engagement ring this Valentine’s Day
The Insurance Information Institute (I.I.I.) offers four easy tips on how you can insure your engagement ring.
Read MoreThe importance of having earthquake insurance
In lieu of the recent earthquake in California, residents living in areas prone to earthquakes should consider purchasing an earthquake insurance policy to better their home and family.
Read MoreIII offers car rental advice for this summer season
With the summer season in full swing, the Insurance Information Institute offers advice on how to properly rent a car this summer.
Read MoreRethinking earthquake insurance?
Some people mistakenly believe a standard homeowner’s policy will cover earthquake damage. But Michael Barry, spokesman for the Insurance Information Institute, says a standard policy will only cover some damages in the aftermath of a quake, such as from a fire. A special rider, or endorsement, is needed to collect on damages from the quake itself.
Read MoreMost Americans lacking disability insurance
Many unexpected life events can render consumers incapable of earning the income needed in order to provide for their family.
Read MoreFall doesn’t end threat of hurricanes, tropical storms
With the arrival of fall, many residents in coastal areas may not be thinking of hurricanes or tropical storms.
However, industry data source the Insurance Information Institute recently reminded consumers that the hurricane season lasts until November 30. The organization says there are a number of steps homeowners can take to make sure they are prepared.
Read More“Little White Lies” Can Impact Auto Insurance Premiums
Reduce insurance coverage with caution
Reducing coverage on auto insurance or other forms of financial protection may be one route consumers take to save money.
Given that unemployment is high, many Americans are trying to reduce their monthly bills. And while there are ways to obtain auto insurance coverage for lower rates, the Insurance Information Institute says consumers should be careful about lowering coverage.
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