It's time for your midyear financial review!

And more of the week's best financial advice

Calculations.
(Image credit: iStock)

Here are three of the week's top pieces of financial advice, gathered from around the web:

Doing a midyear financial review

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Who pays for tree damage?

If your tree falls on a neighbor's property, whose insurance pays for the damage? asked Kimberly Lankford at Kiplinger. In most cases, it's your neighbor who files the insurance claim. Homeowner's insurance should cover any damage to the house or other structures, while comprehensive auto insurance should pay for repairs on any vehicles. "However, if your neighbor can prove that you were negligent — if, for example, he had sent you a letter asking you to remove a dead tree that an arborist had determined posed a safety hazard — he may try to get you to pay for the damage." If you own your home, it's a good idea to have an arborist conduct a tree survey every year so you can deal with any problem trees before they fall over.

Considering travel insurance

"If you're spending big for a vacation this summer, it's worth weighing another purchase: travel insurance," said Kelli B. Grant at CNBC. Before buying, add up the change and cancellation fees for your various travel arrangements and activities, like flights and theme park tickets. "If that total is more than you're willing or able to lose, then travel insurance is worth a closer look." A named-exclusion policy covers a "limited range of events and scenarios" and usually runs 5 to 7 percent of the cost of your trip. Cancel-for-any-reason coverage is just that, and usually costs 8 to 10 percent. You may also want to consider insurance with medical coverage if you're headed abroad, or to a remote area where getting to a hospital would require evacuation. Also remember: Many credit cards offer some form of insurance on travel arrangements purchased with the card.