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What Atlanta’s #Snowmageddon 2014 Taught Us From a Financial Standpoint

Review and shop out your car insurance coverage often. Typically, you can shop your rates out on a semiannual basis to see if you’re getting the best deal possible.  If you were someone who was sliding around in the snow and ice and had Comprehensive and Collision coverage then your insurance will pay to repair or replace your car if it is stolen or damaged in an accident, regardless of who is at fault. Depending on your car, amount of a balance you have left on your car note, distance you commute, and cash flow you can look at ways to increase your deductibles, reduce your coverage, or you can check out my other article about taking a defensive driving class(http://www.ajc.com/weblogs/atlanta-bargain-hunter/2013/dec/04/perks-driving-defensively/) to find ways to reduce your premium. Travel with a full tank of gas. Unfortunately, some friends needed to sleep in their cars overnight and had over 14-24 hour commutes home; some inevitably abandoned their cars because they ran ...

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Is Your Homeowner’s Insurance Going To Cost You More Than A Few Shingles?

If you live in the state of Georgia, you may notice a big jump in your Homeowners Insurance here in 2012.   Often, people don’t really look closely at their homeowner’s policies because their mortgage payments are tied together with their principal, interest, real estate taxes, and homeowner’s insurance all paid at one time.  Even though you might get a statement from your insurance company, I’ve seen people not reviewing these statements closely on a year to year basis.   This can be especially true as people quickly scurry to the refinance window trying to lock in the incredibly low long term interest rates. After rising steadily for the past few years, homeowner insurance premiums are expected to jump another 5% this year to $1,004, according to the Insurance Information Institute. That’s the biggest yearly increase since the market downturn and will mark the first time the national average premium is above $1,000. (source: www.wsj.com) Premiums will rise even higher in some ...

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Do I Need Pet Insurance?

A few years ago, my sister ran into a truly awful situation. She had to face the music that part her family might pass way. One of her cats was going in and out of the doctor’s office using every medical procedure possible to keep her cat alive. The bills piled up, and inevitably her cat died. I remember one year during open enrollment time that I saw a new benefit on the docket called Pet Insurance. I actually chuckled at first thinking was this some gimmick or trick for the insurance companies to make more money? Quite the contrary to my surprise as Americans spent $20 billion on veterinary bills in 2010 — an 8.5% increase from a year earlier and more than double the amount spent just a decade ago. (source: wsj.com) Owning a pet is a serious financial decision these days because beyond your pet’s regular care, you need to consider the best way to plan for ...

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Paying Too Much For Car Insurance?

How to Save Money on Your Auto Insurance You may have good reason to complain about the cost of your auto insurance, but have you tried to do anything about it? If you're resourceful and willing to do a little homework, there may be plenty of ways to lower your premium. And we're not necessarily talking chump change--a few simple steps can sometimes save you hundreds of dollars a year. ...

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