(BPT) - When it comes to insurance, there are several myths that continue to persist, like the myth that red cars are more expensive to insure. That’s false, by the way. Car color has no impact on insurance premiums. Instead, factors like your driving history, annual mileage driven, the cost of your vehicle, and other things will affect how much your insurance will cost.
Insurance is one of the most useful investments you can make to protect your family, belongings and financial assets, but it’s important to know what is actually being purchased. Here are four things you should know about your auto, homeowners or renters insurance policy to ensure adequate protection in the event of an unforeseen or unexpected loss.