Article of The Week
Throughout the entire
world, there are many people who rent a home from a landlord. The cost of
purchasing a home of your own is quite high, and for many people, the cost is
simply too much. There are people who could afford to own a home, but they
don`t want the extra responsibilities and costs associated with one, so they
rent instead. Despite the reasons for renting your home, as a renter you have a
variety of responsibilities that are quite different than those of your
landlord, especially when it comes to insurance. So who is responsible to cover
each of the areas of the home? Let`s take a look.
Automobile
One of the stickiest myths around factors
affecting car insurance premiums is that of color. According to that myth
drivers of red or back vehicles are more likely to face higher premiums than
others, may it be due to a higher propensity to accidents or speeding tickets.
Despite serious research on the subject rumors don’t end. A new study released
last week on behalf of
autoTRADER.ca now stresses again the connection between car
colors and driver personalities.
Homeowners
Know your coverage, and know it now. That
was the advice of State
Farm Agent Bruce
Woods , who said he has experienced every peril insurable, just short
of an earthquake. When it comes to hurricanes, Woods said, homeowners should
put a review of their insurance next to "pay taxes" on their list of
April must-dos. "Review your current plan, and if you don't have one,
start one today," he said. "Do not put the planning off."
Commercial Line
Just as your personal auto insurance policy
covers you in the event of an accident when you are driving for personal
reasons, commercial auto insurance covers you in the event of an accident when
you are driving for business reasons. Commercial auto insurance also protects business owners when an employee is
involved in an auto accident.
