If you own a motorcycle free and clear, there is only a certain minimum coverage you need to purchase according to your state's laws. But if you decide to do this, you may be making a mistake. Certain optional motorcycle insurance coverage can be very important, more so than with a car. The following are a few examples of optional coverage for your motorcycle that may benefit you.
Certain aspects of comprehensive coverage
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A Whole Life Insurance Policy Provides Certainty; Here's When Selecting A Permanent Policy Over A Term Policy Makes Sense
While it has become popular for financial advisors to warn their clients about whole life insurance policies, instead advising them to purchase a term life insurance policy and invest the difference in premiums, this can be a risky venture. It is true that premiums for whole life insurance policies are much higher than premiums for term life insurance policies; however, the reason for this is that whole life insurance policies guarantee payout of your death benefit as long as you continue paying your premiums.
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3 Tips For Lowering Your Auto Insurance Premiums
Is the cost of continuing to drive your car almost prohibitively expensive? Have you seriously been considering selling your car and riding a bike or taking public transportation everywhere? Using alternate transportation can be a good idea when it's something that you want to do. If it's something that you're forced to do, it can be more than just a minor inconvenience. In many instances, spending less on your insurance would make driving a more reasonable and affordable option.
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Of Tax Deductions And Auto Insurance Costs
Do you know you can apply tax deductions on your auto insurance premiums? This is a good way of managing auto insurance rates that many people don't know or understand. On that note, here are a few things you should be aware of before the tax seasons come:
It Doesn't Apply To Personal Use
Personal car insurance isn't eligible for tax deductions; the deductions only apply to cars used and insured for business purposes.
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