Imagine paying insurance premiums for years, expecting financial protection in times of need, only to discover that your insurer has been deemed insolvent. While rare, insurance company failures do ...

Research insurance companies thoroughly, checking resources like the BBB and customer reviews. Understand your insurance needs and coverage requirements before comparing quotes. Understand the claims ...

Discover how state guaranty funds protect you if your insurance company fails and what steps you can take for additional ...

Insurance can be a cost-effective way to protect yourself financially from expensive issues like a house fire, car accident or serious health condition. Understanding the different types of insurance ...

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...

What Is A “Totaled” Or “Total Loss” Vehicle? When repair costs exceed the vehicle's purchase price at the time of the incident, insurance companies deem it “totaled.” A vehicle is declared a “total ...