The term "full coverage" is widely used by the general public, but agents really don't like it because it denotes something that is not true.  You do not have "full coverage" on your auto policy unless you have purchsed all of the options offered to you when you signed your contract. Very few people actually do that. I had a  discussion&...

[Read the rest of this article...]

DO YOU BUY USED CARS? MANY PEOPLE DO. IF YES, YOU NEED TO BE AWARE OF THIS! Buying used (or previously owned) vehicles is quite a common practice. In fact, many people believe it is the “only” way to buy a car since it typically avoids the immediate depreciation value when you drive a new car off the lot. You can spend a lifetime, in fact, buying ...

[Read the rest of this article...]

In light of Hurricane Irene I am revisiting this topic (first posted here in 2009). It’s important to point out  that 4 out of 5 natural disasters involve flooding and unfortunately flooding is a natural disaster that is not covered in a typical homeowner’s insurance policy. Yes, we have floods here in the desert Southwest. Because the desert...

[Read the rest of this article...]

Homeowners insurance DOES NOT come with your mortgage! When you buy a house\condo the most common scenario is to make a downpayment and then take out a loan for the remainder of the selling price. In the case of homes, that loan is called a mortgage. So, your mortgage holder (or lien holder) has a vested interest in your property and wan...

[Read the rest of this article...]