Olmos Insurance Services

Why does your insurance keep going up every year?

A few factors that often get overlooked:

📊 Your credit score plays a bigger role than most people realize
📍 Where you live (your city/zip code) affects your rate
🚗 Your annual mileage estimate this one’s huge. Insurance companies often default you to a higher mileage than you actually drive.

⚽️ If you’re not putting on that many miles a year, you can prove it with documentation like your most recent oil change receipts. Lowering your default mileage on file = lowering your premium.

🍐 Small details, but they add up. If you want help reviewing your policy, give me a call at 📞 562-326-9587.

⚖️ You do not become responsible for your parents' debt just by being their child.

When someone dies, their debts become claims against the estate, and valid claims are paid from estate assets before heirs inherit anything.

Federal student loans are discharged at death once the required proof is submitted to the servicer.

If the estate cannot cover the credit cards and medical bills, that unsecured debt usually goes unpaid rather than passing to the next of kin.

The exceptions are loans you co-signed, accounts you held jointly, and some spousal debts in community property states.

Inheriting a house does not automatically make you personally liable for the mortgage, but the lien stays with the property, so keeping the home means the loan still has to be dealt with.

Under the Fair Debt Collection Practices Act, a collector may contact the executor about estate debts but cannot say or imply that person must pay from their own money.

Have you ever had a collector call about a family member's debt, and did you know what they could actually require?



*The content shared here is for educational and informational purposes only. It is not personalized investment, tax, legal, or financial advice. Consult a licensed professional before making decisions based on your specific situation.*

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