Although the Coast was spared from hurricanes this year, the U.S. is experiencing its costliest year ever for severe storms, with insured losses exceeding $50 billion through the end of September, according to the Insurance Information Institute. Inflation and higher construction costs continue to plague the industry, and this fact impacts your insurance rate. An […]
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What do you think of when you reflect on holidays gone by? Do you have sweet memories of time spent with friends and family, or unpleasant recollections of frantic gift buying, stress and debt? I can’t eliminate the pressure brought on by relatives or economic issues, but I can provide a few tips to help […]
By Gary Beal Whether you own a business or work for someone else, tax preparation can be a daunting task. However, with proper planning and organization, you can navigate tax season smoothly while maximizing your deductions and minimizing your liability. As the year ends, it’s the ideal time to get started. Let’s go over some […]
Insurance rates keep rising, which leads to higher monthly escrow payments and can dramatically affect a family’s cost of living. Many factors contribute, such as frequency of storm damage and higher cost of materials for repairs, but another, more concerning, contributor is social inflation. Social inflation increases insurance costs due to increasing litigation, higher jury […]
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No matter how money savvy we consider ourselves, anyone can succumb to the temptation of a big sale or discount. Wise spending decisions aren’t always easy, so here’s some helpful advice. PLAN AND SET A BUDGET To spend wisely, it is crucial to start by planning and setting a budget. Evaluate your financial situation and […]
Statistics are interesting numbers. Some people love them, and others think they are a way to twist things to a particular advantage. Even knowing that results can be skewed, I still like to review financial statistics. I use them as conversation starters, an impetus if you will, to encourage people to step back and take […]
often hear, “Why did my rate increase? I have never filed a claim!” Let’s look at some of the reasons you may be paying more: HOW RATES ARE CALCULATED Insurance rates are determined through a complex process that accounts for various factors, which range from personal information like age, gender, marital status and occupation to […]
