Under the Affordable Care Act (ACA), the law requires that you have a minimum health insurance or face a penalty. The question is: what difference does it make whether you go for minimum or maximum coverage? What do you lose by going for minimum coverage and what do you stand to gain by opting for maximum coverage? Minimum Insurance Minimum insurance allows you to operate within the law. It offers the advantage of low premiums and a low out of pocket maximum.
Just because you have car insurance, it doesn't mean that you are fully protected from all the damages or injuries your car may cause. You need to analyze your situation to determine whether you need to increase your coverage limits or buy an additional form of coverage. This analysis is even more necessary if you fall under any of these circumstances. 1. Your Car Has a Low Safety Rating Some cars are inherently dangerous than others.
As an entrepreneur, you should always be on the lookout for ways of lowering your overheads to maximize your returns. If you have a vehicle or vehicles for your business, your commercial auto insurance premiums are some of the things you can trim to reduce the costs of running your business. Here are some of the ways you can do this. Hire the Right Employees Hiring and retention of employees is probably the best area for managing your commercial auto insurance costs.
Getting auto insurance isn't as simple as getting a single policy that covers all of your potential needs. There are many policies you can add on to your auto coverage to ensure that you are protected in all situations. Here are three kinds of coverage you should consider. 1. Higher Liability Coverage If you live in a state that requires you to have auto insurance, you must have liability coverage for it to be considered.
Nearly everyone carries auto insurance, and they should. In fact, it is required by many states to at least carry the bare minimum in car insurance so that if you hurt someone else on the road, they have some sort of restitution for their losses. Just because everyone should have car insurance doesn't mean that everyone will pay the same price. Here are some things you should know. 1. The Car You Drive