Stephen Yao

Assistant Professor,UCA and Insurance Reviewer at Freelance

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Articles

How To Get Instant Life Insurance

Sep 18, 2024 | usnews.com | Carol Katarsky |Stephen Yao

Key Takeaways Instant life insurance refers to life insurance that is intended to have a faster underwriting and approval process. You can be approved for instant life insurance the same day of submitting your application. These policies often offer less coverage, cost more, or come with more restrictions. Instant life insurance and guaranteed issue life are different types of policies.
How To Get Same-Day Car Insurance

Jun 17, 2024 | usnews.com | Karon Warren |Stephen Yao

Key Takeaways Many insurers offer car insurance within minutes of applying and paying your first premium. Getting rate quotes from several car insurance companies could help you save money on same-day car insurance. Many car insurance companies provide instant rate quotes online, by phone, or in person so you can purchase a policy that same day. There are many reasons why you might need same-day car insurance.
What Is Pet Life Insurance?

Jun 17, 2024 | usnews.com | Devon Delfino |Stephen Yao

Key Takeaways Pet life insurance is not the same as pet health insurance, which provides reimbursements for costs related to accidents and illnesses. Pet health insurance is also much more widely available. Pet life insurance is generally meant to provide a death benefit for owners of animals that represent a financial investment or earn income.
Auto-Owners Car Insurance vs. Nationwide Car Insurance

Jun 14, 2024 | usnews.com | Devon Delfino |Stephen Yao

Overall, Auto-Owners has lower sample rates than Nationwide, but only by a few dollars per year. The average annual rate for Auto-Owners is $1,619 per year, compared to Nationwide’s $1,621 per year. Both are far less than the overall national average for car insurance: $2,068. Keep in mind that these are only sample rates. Your actual rates will vary based on many factors, including age, location, driving history, and the type of vehicle being insured.
Who Needs a Million-Dollar Life Insurance Policy?

Jun 6, 2024 | usnews.com | Sarah Cain |Stephen Yao

There are alternatives to purchasing a single million-dollar life insurance policy. For instance, you can consider purchasing multiple life insurance policies, all of them totalling to $1 million. With this method, you could consider purchasing both term and permanent life insurance if you feel it will best serve your needs. Or have a policy through your job as well as one you purchase yourself. Before going this route, compare the cost of paying for multiple policies instead of only one.
What Is FAIR Plan Home Insurance?

Jun 6, 2024 | usnews.com | Karon Warren |Stephen Yao

Key Takeaways: FAIR plans are state-sponsored home insurance plans of last resort. Not all states offer FAIR plans. FAIR plans cover fire, vandalism, riot, and windstorm damage. Homeowners must make improvements to limit exposure risks to qualify for coverage. Fair Access to Insurance Requirements (FAIR) Plans were created in accordance with the Urban Property Protection and Reinsurance Act of 1968 as part of an effort to minimize unfair insurance practices in urban areas.
What Is Storage Unit Insurance?

Jun 6, 2024 | usnews.com | Sheryl Nance-Nash |Stephen Yao

Key Takeaways: Off-premise protection in your homeowners or renters insurance may be sufficient to cover your belongings in a storage unit. Coverage through your homeowners insurance is often limited to 10% of your personal property coverage amount. Most storage facilities require you to have the items in your unit insured.
The 10 Cheapest States for Car Insurance

May 13, 2024 | usnews.com | John Dilmore |Stephen Yao

Key Takeaways According to our data, motorists in Maine pay the cheapest annual car insurance rate of $949, compared to the national average of $1,543 per year. Factors like variations in road congestion, state minimum requirements, and weather patterns can cause significant differences in average car insurance costs. If you want to get the best deal on car insurance, shop around for the best rates, see if you qualify for discounts, and maintain a good driving record to keep your premiums low.
Best Construction Insurance Companies

May 10, 2024 | usnews.com | Elizabeth Rivelli |Stephen Yao |Jana Lynch

Construction businesses face a variety of risks, so having construction insurance is extremely important. Construction insurance protects businesses against claims related to client injuries, employee lawsuits, accidents in work trucks, and more. Some of the most common types of construction insurance include general liability insurance, workers’ compensation, commercial auto insurance, and builder’s risk insurance.
Best General Liability Insurance for Small Business

May 8, 2024 | usnews.com | Elizabeth Rivelli |Stephen Yao |Jana Lynch

General liability insurance policies have a coverage limit, which is the maximum amount of money the insurer will pay for claims. Most general liability policies have a per-occurrence limit and an aggregate limit. The per-occurrence limit is the most the insurer will payout for all claims resulting from one incident. The aggregate limit is the maximum amount the insurer will pay for all claims filed during the policy period (usually one year).