Insurance
- What is it? Coverage by a contract binding a party to indemnify (guarantee) another against specified loss in return for premiums paid.
- Why do I need it? If everything in life went perfectly as planned, you probably wouldn’t, but life isn’t fair, nor easy & there’s a reason Murphy’s Law has been around as long as it has. So if you own property that would be difficult to replace without financial hardship or if the loss of you or a family member place a potentially devastating financial hardship on your family, a vital part of your money management efforts must involve maintaining adequate insurance coverage.
This is a complicated area of law and an attorney should be consulted on all matters relating to bankruptcy. The information on this website is provided with the understanding that the authors and publishers are not herein engaged in rendering bankruptcy, legal, insolvency, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional bankruptcy, insolvency, tax, legal or other competent advisors. While we have made every attempt to ensure that the information contained in this website has been obtained from reliable sources, Credit Advisors Foundation and Arbor Investment are not responsible for any errors or omissions, or for the results obtained from the use of this information.