This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Thanks For Nothing!

Most standard policies define a business as a "trade, profession or occupation engaged in on a part-time, full-time or occasional basis" that in the last 12 months earned $2,000, according to Christine G. Barlow, a Chartered Property Casualty Underwriter and associate editor of FC&S Online, which interprets insurance policies for the industry.

Talk to an insurance agent about the type of business insurance you need.

4. Never telling your beneficiaries about your life insurance policy

Imagine paying thousands of dollars in premiums for life insurance, but your loved ones never collect a dime after you die. Unfortunately this happens all too frequently because policyholders fail to give their beneficiaries the information they need to file a claim.

Family members often report knowing there was a policy but having no idea the type, amount or company. Make it easy for your loved ones. Give your beneficiaries the company name and policy number and let them know where you keep your important documents.

Here's how to find lost life insurance policies.

5. Buying a health insurance plan without reading the details

Starting in 2014, health insurance plans will be standardized. Even the most basic plans will have to include certain benefits under the Affordable Care Act.

But until then, individual plans vary widely. Some, for instance, don't include prescription drug coverage. Some plans might not have your doctors in their provider networks. And many individual health plans don't cover maternity care. According to the most recent figures from the National Women's Law Center, only 13 percent of individual health plans available to a 30-year-old woman across the country provided maternity coverage in 2009.

Here's how to buy the worst health insurance plan ever: 7 scenarios to avoid.

Bottom line: Read the benefits carefully before you buy health insurance, and don't buy solely by price. Think about your health care needs and find a plan to match.

Insure.com receives compensation from carriers when readers choose to request insurance quotes. This article is provided by an external partner that is solely responsible for the content.
3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs