The Sun's Financial Diary

Most of us understand why we need life insurance. We know that our families depend upon us for dozens of things, and we want to make sure they could maintain a comfortable lifestyle if we passed away. But even though people realize they should buy life insurance, they put off a decision because they think [...]

Insurance is one of those necessary evils that people feel they must have, but resent paying for – especially during tough economic times. The law demands we have automotive insurance and most mortgages require a homeowner’s policy. With the current recession, the coverage that tends to get the ax first in the cost-cutting process is [...]

This is a guest post by Andy, a member of ampminsure.org, an online insurance community. The community members here are dedicated to helping people with insurance queries round the clock.
Insurance can effectively help you in protecting yourself and your family from the future losses. In today’s world everyday you face so many risks. Insurance can [...]

Last February, I had a little incident on the way to work: I was pulled over for speeding out side our house. After delaying my court appearance for almost three months, I eventually went to see the judge and settled my case. The price was a fine of $220 plus two points. I got some [...]

Early last week, Kiplinger’s Personal Finance website has an article that discusses the relationship between credit score and insurance rate. The main message of the article is that insurers look at your credit history and credit score differently from lenders. For example, the number of new credits obtained within a year plays a key role [...]

We switched our auto and home insurance from Liberty Mutual to Ameriprise through Costco last year after some evaluations. The IDs arrived last week with an extra benefit that I didn’t expect before switching: Free 24-hour nationwide roadside assistance for Costco Executive Member. Though this service is mentioned on Costo website, there are much more [...]

Actually, I never knew such thing as identity-theft insurance till today when I read an article on MarketWatch.com, which named ID theft insurance "Stupid Investment of the Week." Though a little surprised, it isn't that hard to imagine why such products exist: there must be demands. After all, we insure everything deemed valuable: life, health, [...]

One week after I called Ameriprise for our car and home insurance, the paper works from Ameriprise arrived last night. The estimated premiums and coverage options are exactly the same as what I got a week ago: home insurance one-year premium $207.27 and auto insurance six-month premium $666. However, I am not sure if all [...]

Last Tuesday, I got an estimate of auto insurance premium from Ameriprise after receiving an email from them. Since I didn’t give them my social, the quote was only a rough number, plus it was for auto only, not auto and home. Even so, the price was still lover then what I am paying Liberty [...]

Early last month, I updated our car information with Liberty Mutual, our current auto and home insurer. The policy won't expire till the end of next January, and we have been quite happy with their rates and services for the past three years. Therefore, we aren't actively seeking any replacement, though the premiums went up [...]