True penny pinchers always buy used cars over new ones for one rock solid reason: new cars depreciate by thousands of dollars the second you drive off the lot. But three years ago, before my financial epiphany, I bought a new car, and I don’t regret it. I concede that buying used is usually best, but there are times buying new isn’t as bad as some say.
What Is Umbrella Insurance, and Do You Need It?
Umbrella insurance provides additional liability coverage beyond your standard insurance policies if you get sued. The main purpose of umbrella insurance is to protect your assets in personal liability claims where you could be held financially responsible.