Many people—especially first-time homebuyers—purchase home warranty plans, which are supposed to cover certain issues that come up in the house, such as plumbing or air conditioner problems. In fact, in some areas, even your real estate agent may purchase it for you when you buy your home through them. For many, it’s peace of mind […]
On December 16th, the Federal Trade Commission (FTC) finalized consent orders with GM and other auto dealership chains—Lithia and Koons—allowing them to advertise unrepaired, recalled used cars that still have dangerous safety defects as “repaired for safety” and having passed “rigorous inspections.” This is done through what are called “disclosure requirements”; requirements that many consumer […]
According to a new report released recently by the Federal Insurance Office, only 8 percent of earthquake damage claims filed in Oklahoma were paid in 2014. Why are so many Americans who purchase these earthquake damage policies having their claims denied? According to Bloomberg News, it’s because most of these policies only cover “naturally-occurring” earthquakes–not […]