tag:blogger.com,1999:blog-76716719642553684772012-01-26T10:48:00.681+08:00Ab0ut 1nsurance, 2tudent Loans, & Mortgag3Ronaldnoreply@blogger.comBlogger1321100tag:blogger.com,1999:blog-7671671964255368477.post-66967332455456052652010-02-15T08:49:00.000+08:002010-02-15T08:49:00.257+08:00

Declaring bankruptcy is the last resort for flailing loan recipients and should be avoided at all costs. A major “severe hardship” obstacle must be cleared to even obtain a hearing on a bankruptcy. If you’ve been kidnapped by Bigfoot or beamed up to an alien mother ship, you still may not qualify for bankruptcy. It’s the third rail of personal finance—don’t touch it or you’ll be scarred for

Ronaldnoreply@blogger.com2tag:blogger.com,1999:blog-7671671964255368477.post-74335278361272161102010-02-09T08:47:00.000+08:002010-02-09T08:47:00.745+08:00

Here’s another term you should become familiar with if you’re having trouble paying off your student loans. Like deferment, forbearance is a mechanism designed to help if you need to either temporarily lower or postpone your student loan payments.Forbearance is really for those folks who want to pay their loans but can’t and who were unable to get a deferment on their loans. The application

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-62897942687558290422010-02-07T08:46:00.001+08:002010-02-07T08:46:00.253+08:00

Let’s talk about some more tips on repaying your student loans. All are designed to help you get to the Holy Grail of student loan debt—the day you make your last student loan payment. Put some of these ideas to work and see if that day doesn’t come sooner than you think.Don’t wait for a bill to come from your lender every month. Go ahead and send a check regardless of whether you receive a bill

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-57366079161973183122010-02-02T08:44:00.001+08:002010-02-02T08:44:00.604+08:00

Life Stages is a very popular term these days, articularly onWall Street, the industry that I hail from. There, the term is meantto encompass the various eras or stages of your life from a financialpoint of view—going to college, finding your first job, getting married, buying your first home, having kids—right on down the line to retirement. The idea is that you should identify the various

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-92227178289702710812010-01-29T08:42:00.000+08:002010-01-29T08:42:00.118+08:00

Stumped by the terminology used by lenders? Don’t be. Here is a list of the most common student loan terms and what they mean:Borrower. In this case, you. The individual who is responsible for repaying a loan.Capitalization. The interest that builds up over time and is added to your principal (otherwise known as “capitalized” inter-est). Be careful about capitalization, it can hike the total cost

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-12404308762194775252010-01-24T08:41:00.000+08:002010-01-24T08:41:00.078+08:00

Who takes center stage on student loans? Well, you are on one side and a public or private lending institution is on the other. Who are these other players and what roles do they play in the loan process? Let’s take a look.Federal government. Yes, Uncle Sam, under the official guise of the U.S. Department of Education, runs the federal student loan programs. The federal government can be either a

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-66126764924215132252010-01-21T08:39:00.000+08:002010-01-21T08:39:00.551+08:00

The term credit history merely refers to how you have managed your credit and debt over a period of time. It looks at how you have financed purchases, as well as how you made your payments on the amounts financed in terms of the amount paid and whether or not the payments were made on time. It is used by lenders to evaluate how you will handle future loans. They look at your past to predict your

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-61377536406091894232010-01-16T08:36:00.001+08:002010-01-16T08:36:00.446+08:00

When you accept the conditions of a student loan and sign on the dotted line, then, by law, you become the holder of certain inalienable rights, too. For instance, it’s up to the lender to provide you with the following student loan data:• The complete amount of the loan• Your loan’s interest rate• When you must start repaying the loan• The effect borrowing will have on your eligibility for other

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-43659067439250310512010-01-11T08:34:00.000+08:002010-01-11T08:34:00.281+08:00

When you apply for a mortgage loan, the success of your application depends on underwriting. Underwriting is the process used to decide whether to accept or reject a loan application. It is also used to qualify a borrower for a loan program. Qualifying for a loan is not an all-or nothing scenario. A borrower may be rejected for the least expensive loan, but approved for a higher-risk, more

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-5813647452972270902010-01-07T09:14:00.001+08:002010-01-07T09:14:00.706+08:00

One of the best reasons for you to look into buying a travel insurance policy for your honeymoon is so you have peace of mind should anything go wrong on your trip. There are a number of different kinds of travel insurance policies, and the two of you need to decide which ones are right for your trip.You can buy travel insurance through your travel agent or from an independent insurance agent.

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-90515587196649024002010-01-06T09:09:00.001+08:002010-01-06T09:42:23.235+08:00

As I’m sure you’re aware of at this point, weddings can be costly affairs. With the average wedding in the United States setting the average couple back $22,000 or more, there’s a reason you’ll want to insure your event—it makes perfect sense.Wedding insurance can help you avoid losing any deposits or fully paid-for vendors should certain circumstances prevent you from walking down the aisle on

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-84729752069769813412010-01-06T08:38:00.002+08:002010-01-06T09:42:49.844+08:00

An engagement ring is undoubtedly an expensive piece of jewelry, and you should treat it as such by insuring it properly. Think your homeowner’s insurance will cover it? Think again. (You do have homeowner’s insurance, right?)“While homeowner’s insurance covers a lot of things, it doesn’t provide adequate coverage for jewelry,” says Kevin Craiglow, a spokesperson for Nationwide Insurance, who

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-40865030006286772252010-01-05T08:31:00.001+08:002010-01-05T08:31:02.184+08:00

Want a free ride on your student loan? You practically have to die to do so. Lenders really want their money back and are loath to let you out of your loan obligations. But, in special circumstances, you can cancel your student loan, or at least part of it. You may be able to cancel your student loan if:• You pass away. If that unfortunate occurrence takes place, then your family or financial

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-58797536255919757962009-12-30T08:25:00.001+08:002009-12-30T08:25:00.747+08:00

A good way to understand why so many people have a bad credit history is to examine the use of credit cards. There are two ways to use a credit card. One is as a convenience. Those who use credit cards solely for convenience tend to not want to carry a lot of cash and find writing checks to be a nuisance. They pay for their purchases with their credit card and each month pay their credit card

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-70994462518931670552009-12-25T08:20:00.000+08:002009-12-25T08:20:00.552+08:00

When you’re paying off your student loans, or paying off any debt for that matter, it’s a great idea to know where you stand financially. Specifically, it’s a great idea to recognize any warning signs that might foretell a personal economic plunge that may take years to recover from. For example, in the student loan repayment realm, three unopened invoices from your lender lying in a pile on your

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-68678004046361414462009-12-24T09:17:00.001+08:002009-12-24T09:18:50.466+08:00

Think of consolidating your student loans as reorganizing all your key business contacts and putting them into one Blackberry or one Rolodex. Or think of it as combining your DVD remote, your stereo remote, your VCR remote, and your satellite TV remote all into one easy-to-handle device.Imagine that? Bundling all your debt into one loan with one bill and one payment—maybe even with a lower

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-3051671840529848502009-12-22T10:21:00.000+08:002009-12-22T10:21:00.518+08:00

One of the standard procedures before making a loan is to determine the value of the property. This is done by an appraisal, which determines a value for the property for loan purposes. The lender may have its own appraisers (in-house appraisers), or it may use an independent (outside) appraiser.There are several different types of appraisals, some of which are highly complicated and require the

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-612224941042611942009-12-20T10:21:00.000+08:002009-12-20T10:21:00.609+08:00

Irish humorist Joseph O’Connor once said, “I feel these days like a very large flamingo. No matter which way I turn, I have this large bill attached to me.” While O’Connor aptly states the emotional condition of the high-debt sufferer, there’s no need to flap your wings over a big student loan bill. No need, that is, if you know how to control your debt.The idea here is simple. Control your debt

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-19742081910194338472009-12-19T10:19:00.000+08:002009-12-19T10:19:00.156+08:00

When you sign all the documents that go along with giving a mortgage, you will sign what is called a promissory note (also referred to simply as a note). This is the document that sets out the terms of the loan, and as the name implies, is your promise to repay the money. The mortgage is the document that puts up your real estate to secure repayment. In other words, the promissory note describes

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-61201556489606104092009-12-18T10:18:00.000+08:002009-12-18T10:18:00.328+08:00

Managing your personal finances—especially your credit card debt—is job one when it comes to squaring your student loan debt. While credit cards are a necessary evil, when you’re trying to free yourself from student loan debt, they can be more evil than necessary. How so? Well, try paying off your college loans when your monthly Visa statement looks like the annual operating budget for Portugal.

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-11248926703305274262009-12-17T10:16:00.000+08:002009-12-17T10:16:00.434+08:00

There are two general ways that mortgages are structured. The structure affects how the foreclosure procedures are performed should you not make your mortgage payments. In title theory states, the lender owns the property and deeds it back to the borrower when the loan is repaid. In lien theory states, the borrower owns the property and the lender has a lien on it. Title theory states are more

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-53800458545130451502009-12-16T18:51:00.001+08:002009-12-16T18:51:00.176+08:00

When you accept the terms of a student loan, it means you have to take those loan obligations seriously. Even if you don’t, the lending institution will, and they’ll want their money back. In fact, they’ll want it back so bad that they’ll hound you like a dog, stick to you like a barnacle to the hull of a boat, and be like bubble gum on your shoe until they get their money back—or ruin your

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-59582552174430143782009-12-15T10:16:00.000+08:002009-12-15T10:16:00.374+08:00

In simple terms, a mortgage is putting up real property (real estate) to secure a loan. This means that if you fail to meet the terms of the mortgage—for example, by failing to make your agreed-upon monthly payments—the lender can sell your house through a process called foreclosure to get back the money you borrowed to buy it.You should familiarize yourself with certain technical terms used in

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-79164853161457011582009-12-14T18:48:00.000+08:002009-12-14T18:48:00.674+08:00

Check with your lender to see if all or part of the down payment can be covered by a gift from a third person. If you have a relative who is willing to help you with the down payment, get a gift letter from that relative (along with the gift) stating that you do not have to pay back the money. How much of your own money you will need depends on the type of loan you are seeking and the lender’s

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-52788450084774863652009-12-13T10:13:00.001+08:002009-12-13T10:15:25.113+08:00

Not all debts are bad ones. Using a mortgage to buy a home, tackling the rising costs of college with a loan, even borrowing money to buy a car—all are good debts with high return values.But there are bad debts, too, debts that can limit or even prohibit your cleaning up your student loan debt. Of the bad debts, few are worse than credit card debt.Simply stated, credit card debt can kill you from

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-58325760651738907672009-12-12T18:50:00.001+08:002009-12-12T18:50:55.270+08:00

Some people treat student debt like the plague and make no special effort to pay bills right away or at all. The good news is that the number of those who elect to ignore their student loan debt is declining. Educators attribute that decline to an improved U.S. economy in the 1990s and an improved awareness on the part of loan recipients of the importance of paying off their student loan

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-46575225764099376372009-12-12T18:45:00.001+08:002009-12-12T18:48:04.089+08:00

Lenders want to make loans at the lowest risk possible. With a 20% down payment, most lenders are comfortable with the risk level of the loan. To cover risks with down payments of less than 20%, private mortgage insurance was developed. Private mortgage insurance (PMI) insures the lender in the event that the foreclosure of a mortgage results in a sale that nets less than the balance owed on the

Ronaldnoreply@blogger.com2tag:blogger.com,1999:blog-7671671964255368477.post-25454138707661948682009-03-13T00:30:00.000+08:002009-03-13T00:30:00.356+08:00

The only way to protect yourself from such skyrocketing costs is to make sure your long-term care policy has good inflation protection built into it. Note the emphasis on good inflation protection—it comes in several different forms, and some are better than others.• Added coverage purchase. This type of provision permits you to purchase added coverage every few years with higher benefits. The

Ronaldnoreply@blogger.com5tag:blogger.com,1999:blog-7671671964255368477.post-990687539634488222009-03-10T00:26:00.000+08:002009-03-10T00:26:00.627+08:00

If you seek long-term home care insurance, try to get the widest variety of coverage possible.There are a number of conditions and restrictions of which you should be aware:• A few policies cover skilled nursing care and physical therapy in the home but not custodial care. Such coverage is far too limited, and you should reject it.• Most home care policies cover skilled nursing care, other

Ronaldnoreply@blogger.com3tag:blogger.com,1999:blog-7671671964255368477.post-71204826318637931472009-03-04T00:23:00.001+08:002009-03-04T00:23:01.117+08:00

The relatively slight chance that an elder will need three or more years of nursing facility care means that the insurance industry has not had to pay out on its policies to nearly the extent that it suggested when they were sold. And when the policies’ conditions, exclusions, and benefit limits are figured in, the performance of these policies—at least in the decade of the 1990s, for which

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-21040479123061663722009-03-01T00:15:00.001+08:002009-03-01T00:15:00.744+08:00

Because a specific physical or mental condition often leads to the need for long-term care, one of the first things you should do is get professional advice both about the need for immediate care and about likely changes in the condition over time. Talk with your primary care physician first; he or she may refer you to a geriatric specialist for further consultation.An additional resource to help

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-24427504646311814332009-02-26T23:58:00.001+08:002009-02-26T23:58:00.635+08:00

If you need care, you may find it a hard topic to raise with others because it seems like a blow to your self-esteem, a subject that means you are really “old.” You may also be reluctant to begin a process of giving up some of your independence or surrendering full control over your life. Remember, the first step in getting necessary care is to overcome your reluctance to talk about it. Once the

Ronaldnoreply@blogger.com3tag:blogger.com,1999:blog-7671671964255368477.post-62553783531691210272009-02-23T23:42:00.002+08:002009-02-23T23:42:06.225+08:00

In order for you to understand the relative value of the waiting period in a particular company, you should ask these questions:• How many days during the week do I have to receive at least one day of professional home and community care that will be counted as seven toward completing the elimination period? With some insurers you only have to receive care at least one day to qualify for a

Ronaldnoreply@blogger.com2tag:blogger.com,1999:blog-7671671964255368477.post-5162298075573729582009-02-20T23:33:00.000+08:002009-02-20T23:33:01.262+08:00

Long-term care policies come in two basic models: reimbursement and indemnity. Choosing between these two types of policies is not nearly so simple.Consider these questions:1. How are your benefits paid?Assume you have a $200 daily benefit. Reimbursement pays for only the covered service. If you spend $70 on a provider, you get $70 in reimbursement. The other $130 remains in your pool of benefits

Ronaldnoreply@blogger.com4tag:blogger.com,1999:blog-7671671964255368477.post-14815399419609240532009-02-17T23:07:00.002+08:002009-02-17T23:07:00.978+08:00

Mechanics' liens present a unique problem for title insurers. A mechanics' lien is established of record by the filing of a Notice of Lien, Claim of Lien or similar document. The priority of the lien, in many states, however, may date from the time of commencement of the work for which the lien is filed. Therefore, if work is commenced before the issuance of a title policy but the lien is filed

Ronaldnoreply@blogger.com7tag:blogger.com,1999:blog-7671671964255368477.post-5033767396272608192009-02-14T23:04:00.002+08:002009-02-14T23:04:00.725+08:00

There are a number of circumstances that create a "gap" between the examination of title and Date of Policy coverage. The following are examples of a "gap": - The recorder's office may delay in recording instruments after they are filed or presented to the recorder. The courthouse examination at time of filing does not include those previously filed instruments not yet recorded. (In many

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-27239042020992458272009-02-11T23:02:00.000+08:002009-02-11T23:02:01.716+08:00

Generally, an examination or search is not defined by law or regulation, although some states established the period of time that must be covered by a title plant. The period of examination is commonly based upon local custom and upon specific underwriting guidelines. Local custom may be evidenced by State Bar Standards or the period required for the root of title under a marketable record title

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-89423439730871608912009-02-08T22:57:00.000+08:002009-02-08T22:57:00.257+08:00

Title insurance has always competed against warranties of title, title searches and title examinations, with or without abstracts of title. The advantage of title insurance over these alternatives has long been argued: a title insurer's deep pocket generally exists to pay a title insurance claim, but a deep pocket does not necessarily exist in a claim against a warrantor, searcher or examiner,

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-42762356942446847212009-02-05T22:55:00.000+08:002009-02-05T22:55:00.578+08:00

The policies may be modified to provide additional coverages by three methods: (1) Schedule B affirmative insurance, or (2) endorsement, or (3) deletion of printed standard exceptions. Schedule B affirmative language usually consists of a specific insurance provision following and related to a specific exception. It is more a product of East Coast jurisdictions (although promulgated "express

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-33058482512411610482009-02-02T22:52:00.000+08:002009-02-02T22:52:00.690+08:00

The 1970 Owner's Policy (Form A), which did not insure as to unmarketability, is no longer issued. The 1970 Owner's Policy (Form B), which insures as to unmarketability of title, and the 1970 Loan Policy replaced earlier versions and are still available in most states. These forms were revised in 1984 to modify the governmental regulation exclusion, by providing that the exclusion did not apply

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-74985414714177805252009-01-30T22:49:00.001+08:002009-01-30T22:49:00.200+08:00

The predominant title insurance forms are the American Land Title Association (ALTA) policies. The American Land Title Association has developed standardized title insurance policies since 1929. Standardization of forms occurred because of lender demand for predictable forms that would not need to be read and negotiated. In 1929 the association developed a loan policy. In 1959 the ALTA adopted an

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-68375844976499762432009-01-27T22:46:00.002+08:002009-01-27T22:46:02.109+08:00

Statutory single risk limitations also vary, but frequently are approximately one-half of surplus and reserves, a large amount in comparison to other lines of insurance. The justification for this approach lies in the small amount of capital invested in the industry and the sparse "likelihood" of a complete loss. The likelihood that loss and defense costs will equal or exceed policy limits is

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-88443298187355625082009-01-26T16:03:00.001+08:002009-01-26T16:06:05.732+08:00

Title insurance typically is defined as insurance against defects in, or liens or encumbrances on the title. In many jurisdictions, title insurers may insure title to real estate, while in some, they also may insure title to personal property, or proper execution of notes or other obligations. Most states prohibit title insurers from guaranteeing debts or other obligations, or prohibit title

Ronaldnoreply@blogger.com2tag:blogger.com,1999:blog-7671671964255368477.post-87299910778232618102009-01-25T23:58:00.000+08:002009-01-25T23:58:00.802+08:00

The hiring of an independent contractor carries with it unique risks of legal liability. If the contractor's employee is injured on the job, he or she is entitled to workers' compensation from the contractor but may also bring a common law claim against the principal (the party who hired the contractor). This claim against the principal may be premised on three theories: The principal itself was

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-91988234897388889352009-01-24T23:52:00.001+08:002009-01-24T23:52:00.219+08:00

The general structure of a CGL policy is that it begins with a broad grant of coverage in a clause called the "insuring agreement." The insuring agreement lists the types of losses covered by the policy and may define those losses. The insuring agreement is immediately followed by a list of exclusions. Exclusions negate coverage otherwise granted under the insuring agreement. There

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-71137268321299037942009-01-23T23:47:00.000+08:002009-01-23T23:47:00.215+08:00

The function of insurance is to transfer, in exchange for the payment of a premium, the risk of a financial loss occurring on the project. Insurance covers losses that are predictable but also unexpected (or fortuitous) and unintentional. Construction projects as a general rule engender two types of insurable risks: bodily injury (including death) and property damage. Only bodily injury coverage

Ronaldnoreply@blogger.com2tag:blogger.com,1999:blog-7671671964255368477.post-20444662269176203662009-01-22T23:37:00.002+08:002009-01-22T23:37:00.382+08:00

Insurance developed and spread as a result of society’s needs and demands. For example, marine insurance was followed by life insurance and shortly afterwards in the seventeenth century by fire insurance. Since then, human progress has been marked by developments in the insurance field and a variety of branches in the following classes of insurance sprang up, each forming a subject of its own:

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-42936168314963844502009-01-21T01:05:00.000+08:002009-01-21T01:05:00.900+08:00

During a ferocious hurricane, one of the trees on Joan Fletcher's property came crashing down on the house of neighbor, Mark Tyson. Whose home insurance pays for the damage? The answer may surprise you: Mark's Generally, the rule is that the property owner whose house has been damaged by a tree is the one who files the claim with the insurance company. As long as the tree was in

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-49583572253581910402009-01-20T00:43:00.001+08:002009-01-20T00:43:00.156+08:00

Set aside one day to go through your home and list everything you might want to insure. Think about what you would need if a fire consumed everything you had. What would you have to replace to restart your life? If you can't set aside a full day, do it in a couple of evenings. Take your inventory room by room. Don't forget what's in the closets, drawers, and under the bed.Here are some tips for

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-38969667620403657702009-01-19T00:33:00.000+08:002009-01-19T00:33:00.354+08:00

Keep in mind that when you purchase full value replacement cost insurance, your premium is based on the insurance company's appraisal of the value of your house. If you think that their appraisal is too high, you can dispute that. For example, if you purchase a home for $200,000, the insurance company is going to want to sell you $200,000 in homeowner's insurance. The reality is that you've

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-37544025931303056932009-01-18T00:23:00.001+08:002009-01-18T00:23:00.413+08:00

A typical homeowner's policy covers only some of the value of your belongings. Normally, coverage is equal to 50 to 70 percent of the value of the house. For example, if you insure your house for $100,000, your belongings will be insured for $50,000 to $70,000, depending upon your insurance company. You can always add to the coverage for your belongings if you pay a higher premium. So, if you own

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-28921111651185180282009-01-17T00:17:00.001+08:002009-01-17T00:17:01.030+08:00

The key to understanding homeowner's insurance is to cut through the jargon and answer the questions: "Just what am I insured for and for how much?" But first, let's look at some of the terms you need to learn. · Replacement value refers to the amount it would cost to replace an insured item today. For example, if you insure your home for the full replacement value and it burns down,

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-40769887355900544442009-01-16T00:11:00.000+08:002009-01-16T00:11:00.135+08:00

In addition to shopping for the best rate for your homeowner's insurance and raising the deductible, there are a number of other ways you can lower the cost: * Multiple policies. If you purchase your homeowner's, umbrella, and auto coverage from the same company, you may be eligible for a 5 to 15 percent discount on your premiums. * Add home security. You can usually

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-21231893128403272442009-01-15T23:52:00.000+08:002009-01-15T23:52:00.792+08:00

An insurance policy is a legal contract, and every contract contains four basic components: 1. One person (or party, in legal parlance) must make an offer, and the other must accept it. 2. Both parties must be of legal signing age and mentally competent. 3. The subject matter or activity covered in the contract must be legal. 4. Each party

Ronaldnoreply@blogger.com5tag:blogger.com,1999:blog-7671671964255368477.post-14064234426056357842009-01-15T00:52:00.000+08:002009-01-15T00:57:09.548+08:00

The bank requires that you buy title insurance when you borrow money from the bank to buy a piece of property The title insurance makes sure that whoever sells you the property has the legal right to do so. The bank wants to protect its equity in the poverty while you are paying down the mortgage. Thus, when you close on a house typically must buy title insurance from a title

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-31205068529401304212009-01-14T23:24:00.001+08:002009-01-14T23:49:00.754+08:00

Insurance sales people love to tell you why the insurance companies they represent are the best. Some agents will extol the virtues of being a publicly-held-a.k.a. stock-company. Others will tell you how lucky you will be to have your insurance with a mutual insurance company. The reality is that the financial health of the company and its operating record in the state where you live

Ronaldnoreply@blogger.com4tag:blogger.com,1999:blog-7671671964255368477.post-71791761081591317542008-12-20T23:39:00.003+08:002009-01-27T00:33:57.182+08:00

Auto insurance advertisements are everywhere, from the pages of the daily newspaper, to television and radio commercials. They each promise low rates, quick claims handling and personalized attention. But, how do you know that you are really getting the best deal? What does a smart driver need to know in order to find the best car insurance for their needs?1. Consider Your Coverage NeedsBefore

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-58027611420363473802008-12-19T23:29:00.000+08:002008-12-19T23:29:00.906+08:00

Illness can strike and accidents can happen, even during a very short business trip or recreational getaway. While your health card entitles you to certain out-of-country emergency health care services, the coverage is limited.It’s important therefore, to consider supplementary travel insurance. However, if you decide to buy supplementary travel insurance, make sure the policy meets your needs.

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-4432909576280655362008-12-18T23:19:00.001+08:002008-12-18T23:19:00.153+08:00

It’s important for all the vacationers, business travelers, cottagers, and snowbirds, to consider the following insurance tips before travelling:Travel Medical InsuranceCovers you for emergency hospital and medical expenses when out of the province. If an insurance company agrees to cover you for pre-existing conditions, you should get its agreement in writing.Home InsuranceCheck your home

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-82847506102252136982008-12-17T23:14:00.002+08:002008-12-17T23:14:00.581+08:00

With gas prices fluctuating almost daily, it’s hard to budget how much it will cost you to fuel your vehicle. But there are tips you can follow to maintain or even lower your auto insurance premium. And any time you can save money today, it’s a plus for your family.The following are examples of money-saving ideas:Maintain a good driving record. Companies charge safe drivers (those free of

Ronaldnoreply@blogger.com3tag:blogger.com,1999:blog-7671671964255368477.post-24533608590645621902008-12-16T03:53:00.000+08:002008-12-16T03:53:02.290+08:00

If you drive your vehicle on the road, or leave it parked in the street, the law says that you must have motor insurance. It is a criminal offence not to insure your motor vehicle.Before you buy motor insurance, decide who will be driving your car, and how much cover you would like. There are three main types of motor insurance:Third party insuranceThis is the minimum amount of insurance cover

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-74624340421029174852008-12-15T04:18:00.000+08:002008-12-15T04:18:01.102+08:00

you must give your insurer or the person who sells you the insurance as much information as you can about yourself and your vehicle. You must, for example, tell your insurer or the person who sells you the insurance about any driving convictions, any medical condition which could affect your driving ability, or any motoring accidents, even if you have not claimed on your insurance as a result.

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-59502310955303747982008-12-14T03:10:00.001+08:002009-01-27T00:34:58.083+08:00

There are a variety of types of travel insurance, including trip cancellation, trip interruption, emergency evacuation, accidental death and dismemberment and loss or damage to baggage and personal effects. Millions of dollars are wasted each year by travelers who purchase unnecessary travel insurance or travel assistance policies. Although these products may be valuable to some travelers in

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-60685830893112320862008-12-12T23:26:00.001+08:002008-12-12T23:27:59.050+08:00

An increasingly common scam involves the sale of “cheap” auto insurance to unsuspecting consumers, tricking them into coverage that’s invalid, or doesn’t exist. Here’s an example of a common scam scenario:Crooks advertise the sale of cheap auto insurance in newspapers or flyers. The advertisements may even resemble those of a legitimate insurance company or individual licensed to sell auto

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-91394235092008739852008-12-12T03:32:00.000+08:002008-12-12T03:32:01.577+08:00

Here are a few suggestions for ways to reduce your premiums:• Shop around for insurance. Just because your current company once offered you the best deal doesn’t mean it’s still competitive.• Increase your deductibles.• Reduce your collision or comprehensive coverage on older cars.• Find out what discounts are available from your company (or from a different company).Discounts are often given to

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-64030752468136282752008-12-11T03:25:00.000+08:002008-12-11T03:25:00.165+08:00

A well-designed insurance policy can protect rental property from losses caused by many perils, including fire, storms, burglary, and vandalism. (Earthquake and flood insurance are typically separate and, in some areas, coverage for mold claims may not even be available.) A comprehensive policy will also include liability insurance, covering injuries or losses suffered byothers as the result of

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-91877958382823289612008-12-10T03:20:00.000+08:002008-12-10T03:20:00.632+08:00

A house may be the biggest investment you make in your life, so you’ll want to fully insure it against damage (by fire, wind, vandalism, earthquakes, floods, and mold, for example). A comprehensive homeowners’ insurance policy should cover the replacement value of your house and other structures, and partial replacement of valuable items of personal property like art andcomputers.But beware:

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-26427407180337573072008-12-09T03:07:00.001+08:002009-01-27T00:35:05.113+08:00

Shopping around for a car insurance estimate is not something most people look forward to. It is one of the least exciting chores that is required in order to have a car on the road, but it is worth seeking out the most competitive car insurance estimate available. Although getting a car insurance estimate from a number of companies isn’t a desirable task; many people spend far more than they

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-18467935808875323582008-12-08T03:05:00.000+08:002008-12-08T03:05:00.376+08:00

Auto Insurance rates will vary depending on the insurance agency, your driving record, and the type of insurance you are looking to purchase. I you are looking for affordable car insurance or truck insurance then read on. There are ways to reduce your premiums without giving up coverage. One of the easiest things to do is get auto insurance rate quotes online. This will allow you to comparative

Ronaldnoreply@blogger.com3tag:blogger.com,1999:blog-7671671964255368477.post-5886465264662810952008-12-07T03:03:00.000+08:002008-12-07T03:03:00.459+08:00

Car insurance is required by all licensed drivers but many of them don’t know how to find the best rates available. Being complacent and purchasing car insurance without carefully investigating your options or maintaining the same car insurance for the remainder of your life could mean that you are paying too much for your car insurance. Comparison shopping, ensuring that you are receiving all

Ronaldnoreply@blogger.com2tag:blogger.com,1999:blog-7671671964255368477.post-29346216196513449012008-12-06T03:01:00.000+08:002008-12-06T03:02:38.511+08:00

Many factors influence the premium for your Motor insurance policy. Your insurer will have asked you many questions whilst producing your quote - some of which will affect your premium and some will not. Below we discuss the key variables that are within the policyholder's control. Consolidating policies By insuring a number of vehicles with the same insurer, or by trying to take out home and

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-43585254362930408722008-11-30T03:26:00.001+08:002008-11-30T03:26:00.679+08:00

The United States spends far more per person on healthcare than any other country—about twice as much as other developed nations. Yet people in the United States don’t appear to be getting their money’s worth.The United States lags far behind other developed countries on almost every important medical statistic—life expectancy, infant mortality, cancer, diabetes, heart disease, and so forth.So,

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-17586611722320555512008-11-29T03:20:00.001+08:002008-11-29T03:20:01.130+08:00

There are plenty of ways you can reduce your pharmacy bill. The Cost Containment Research Institute (www.institutedc.org) has compiled a list of 17. Here are a few ideas for you to consider:Shop around by phone. Make a list of your medications, including strength and number taken daily, and call at least six pharmacies to compare prices, keeping in mind whether the pharmacies are on your plan.Use

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-72676425737789620752008-11-28T03:14:00.002+08:002008-11-28T03:14:01.014+08:00

PharmacyChecker.com is one of the best web sites for checking out prices from quality pharmacies overseas, as well as the quality of an individual pharmacy itself. Tod Cooperman, M.D., who founded PharmacyChecker.com, has the following tips for shopping overseas forprescription drugs:Shop from Canada. As long as the pharmacy is licensed in Canada, there should be no concerns about the quality of

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-36508078324371677292008-11-27T03:11:00.003+08:002009-01-27T00:03:57.201+08:00

There are four basic ways to finance your long-term care:Family support and caregiving. This is the way long-term care has been provided for generations. While all of us like the idea of taking care of our parents as they age or being taken care of by our children, this is simply not a viable option for most Americans todaywho have jobs and/or children of their own.Personal savings. This is not a

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-86331880054502782442008-11-26T03:02:00.001+08:002008-11-26T03:02:00.515+08:00

Here are some factors to consider when purchasing a disability insurance policy, either through your employer or by yourself.“Own occupation” or “any occupation” What is the definition of disability in your policy? Does it mean being able to work in the occupation in which you were engaged when you became disabled, or in any occupation? For example, if you are a surgeon who injures yourhand and

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-47376951484797119942008-11-25T01:27:00.001+08:002008-11-25T01:27:01.137+08:00

Here are eight things to look for when picking an agent or agency to represent you or your employees in purchasing an individual/family health insurance policy:Shopping. If you like to shop online, the agent should have an online web site where you enter your family information to get instant online price quotes on different policies offered by different carriers. This allows you to shop at your

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-132059477118672502008-11-24T01:17:00.002+08:002008-11-24T01:17:00.647+08:00

Underwriters have several tools at their disposal to confirm information provided by prospective applicants.The Medical Information BureauInsurance underwriters often check the information you put on your application against your Medical Information Bureau (MIB) report. Your MIB report is to your medical history what your credit report is to your financial history or what a Dun & Bradstreet

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-13827812176849117712008-11-23T01:13:00.001+08:002008-11-23T01:13:01.107+08:00

Health insurance companies make their money over the long run by rejecting applicants who are likely to have large medical expenses that will cost more than those people will ever pay in premiums. Conversely, insurance companies want to accept applications from people whose medical expenses are likely to be average or below average. Think about health insurance from the perspective of a

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-54488544074242924422008-11-22T01:08:00.001+08:002008-11-22T01:08:00.295+08:00

The most useful comparisons entail first estimating your future healthcare needs and then reviewing the major features of each policy item by item.Estimating Your Future Healthcare SpendingTo compare different health insurance policies, you have to first make assumptions about your future healthcare needs. If you haven’t had a major illness recently, the best way to do this is to look at what you

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-46728999867142630062008-11-21T01:01:00.002+08:002008-11-21T01:01:00.964+08:00

Once you have selected some policies to analyze, look at these six major financial items in each policy:Doctor Visit Co-pay or Discount. The doctor visit co-pay is the amount that you pay each time you visit the doctor. In a traditional low-deductible plan, this ranges from $10 to $30 per visit per patient. Most higher-deductible plans do not offer any doctor co-pay, but do offer substantial

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-90805475863820507452008-11-20T00:57:00.000+08:002008-11-20T00:57:00.346+08:00

Health insurance is different from all other types of insurance. When you buy life insurance, automobile insurance, or homeowner’s property and casualty insurance, you do not expect to have a claim in the near future.You purchase these types of insurance for financial protection against the occurrence of an unlikely event that you wish to avoid—like a death, an auto theft, or a fire. If such an

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-18575400309825446212008-11-19T00:52:00.001+08:002008-11-19T00:52:01.201+08:00

There are many reasons that most people haven’t heard of individual/ family health insurance policies:Simple inertia precludes action. The majority of people living in the United States today have always received free or low-cost employersponsored group health insurance as a job benefit. Most people are unaware that better options exist because they have never had to go looking for them.Families

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-34956799832581784222008-11-18T00:45:00.002+08:002008-11-18T00:45:00.604+08:00

Individual and family policies may be purchased directly from an insurance carrier or through an insurance agent licensed to do business in your state and appointed by insurance companies to represent them. A good place to start is an online search engine like www.ehealthinsurance.com or www.extendone.com, which provide quotes for thousands of policies from many different carriers.TIP: Be careful

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-5108118128684070912008-11-17T00:37:00.002+08:002008-11-17T00:37:00.782+08:00

An individual or family health insurance policy is a policy purchased from an insurance company or government entity covering a single individual or selected family members.The terms individual policy, family policy, individual and family policy, individual/family policy, and individual or family policy all mean the same thing—a policy purchased by a consumer directly from an insurance carrier (

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-1865570376307833482008-11-16T00:18:00.003+08:002008-11-16T00:25:00.101+08:00

Put simply, a lot of things can go wrong when a dog goes on a commercial flight. Most problems occur on the ground, not during a flight. Here are some of the more common problems you should be aware of before you ship a dog.The dog escapes from a cage. This can lead to tragic results, as it did in 1988 for a small dog named Loekie. Loekie, on a TWA flight from Dallas to Los Angeles, got out of

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-68739812008834031902008-11-16T00:06:00.000+08:002008-11-16T00:06:01.131+08:00

In 1937, the government of India set up a consultative committee. Sushil C. Sen, a well-known solicitor in Calcutta, was appointed the chair of the committee. He consulted a wide range of interested parties, including leaders within the insurance industry. It was debated in the legislative assembly, and, finally, in 1938, the Insurance Act was passed. This was the first comprehensive piece of

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-75765620895162754022008-11-15T00:00:00.002+08:002008-11-15T00:06:06.833+08:00

Life insurance in the modem form was first set up in India through a British company called the Oriental Life Insurance Company in 1818, followed by the Bombay Assurance Company in 1823 and the Madras Equitable Life Insurance Society in 1829. All of these companies operated in India but did not insure the lives of Indians. They insured the lives of Europeans living in India.Some of the companies

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-14193571543235528602008-11-08T07:05:00.000+08:002008-11-08T07:05:00.278+08:00

Health insurance for dogs and cats was virtually unheard of a few years ago, but it’s looking better and better to pet owners who have paid big veterinary bills. The average dog owner spends almost $800 a year on veterinary care, according to the American Pet Products Manufacturers Association. Surgery or other procedures can cost thousands. VeterinaryPet Insurance, the largest provider of pet

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-61237718376359439112008-11-07T18:05:00.002+08:002009-01-27T00:42:39.524+08:00

Should singles consider getting term life insurance quotes? Contrary to what many believe, it makes sense for all adults, regardless of marital status, to have life insurance. And since life insurance premiums increase with age, getting a term life insurance quote while you're young, single and healthy makes good financial sense. If you're single and think you don't need life insurance, consider

Ronaldnoreply@blogger.com3tag:blogger.com,1999:blog-7671671964255368477.post-29699676693992614702008-11-06T18:01:00.001+08:002008-11-06T18:01:00.230+08:00

Like most other industries, life insurance companies have created a major presence online. You can now do most of the "ground work" online when you are looking for life insurance quotes. The first thing you need to do is to decide what type of life insurance you are looking for. Then you need to seek no-obligation quotes from several companies that offer what you are looking for. The premiums

Ronaldnoreply@blogger.com2tag:blogger.com,1999:blog-7671671964255368477.post-83834371852400393002008-11-06T17:55:00.000+08:002008-11-06T17:55:01.063+08:00

Cheap life insurance is practically guaranteed if the insured is a child. Yes, as terrible as it may sound, even a child can get a policy in his or her name. Many people are taken aback by the thought of purchasing life insurance for their children or their grandchildren. After all, life insurance benefits are not paid out until a person dies, and no one likes to consider the very real truth that

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-81653677755211824612008-11-05T17:50:00.000+08:002008-11-05T17:50:00.946+08:00

Life insurance is a means for providing financial protection for your family in the event of your death. A life insurance contract is relatively straightforward; you agree to pay a premium at regular intervals, and the insurance company agrees to pay a certain sum of money to your beneficiary upon your death. There are three parties to a life insurance contract. First, there is the insured. This

Ronaldnoreply@blogger.com3tag:blogger.com,1999:blog-7671671964255368477.post-44547783520711673272008-11-05T17:48:00.000+08:002008-11-05T17:48:00.337+08:00

As you age, you may start thinking about your financial future and about life insurance and the life insurance company you will need. This type of insurance will protect your family from having to pay expenses including funeral and burial costs, outstanding bills you may have, and medical bills that may have accrued if you are sick and had to stay in the hospital. These costs can be high

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-35198201735736418552008-11-04T17:43:00.000+08:002008-11-04T17:43:00.850+08:00

1. Shop, shop and shop again – the main thing people forget to do is to shop around. The one thing to do if you do nothing else is to call a few insurance companies and get a few car insurance quotes. Surprisingly to some, the quotes can change by hundreds of pounds.2. Take out more than one insurance policy – a lot of insurance companies now provide insurances for a variety of covers. Not only

Ronaldnoreply@blogger.com1tag:blogger.com,1999:blog-7671671964255368477.post-28142284757934316362008-11-04T17:41:00.000+08:002008-11-04T17:41:00.959+08:00

Anyone reading about insurance can be forgiven for thinking that the terms ‘life insurance’ and ‘life assurance’ are interchangeable, but are there any differences between the two terms and if not, why are there two different words for the same thing?Put simply “insurance” is provided against an event that might happen whereas “assurance” applies to an event that will happen. So, insurance is a

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-16781572501649627392008-11-03T17:36:00.001+08:002008-11-03T17:36:00.491+08:00

Life insurance is important because it saves your family from total loss when your time to live is up. This is true if your family is totally depending on your income. This is even truer if your children are still young. You never know when life will take its toll. With life insurance, at least you have reserved a fund that will sustain your dependents when you are not able to do so anymore.

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-25900047389513197542008-11-03T17:32:00.001+08:002008-11-03T17:32:00.846+08:00

Although there is a big push towards buying Term Life recebtly, Whole Life insurance does still have a few advantages that you should consider before you jump on the "Term bandwagon". What are some of the advantages of whole life insurance, you ask? Let's take a quick look at a few of these.Whole Life insurance is "permanent" insurance coverage that is designed to provide protectionfor you for as

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-80213219687281847002008-11-02T23:34:00.002+08:002008-11-02T23:34:00.441+08:00

Another common form of life insurance is universal life. With this kind of policy:You may pay premiums at any time, of virtually any amount, subject to minimums.The amount of cash value the policy builds is based both on the premiums paid and on the interest earned.The insurance company subtracts money from the fund each month to cover the cost of the insurance and expenses.They offer standard

Ronaldnoreply@blogger.com0tag:blogger.com,1999:blog-7671671964255368477.post-28304907823887553902008-11-02T16:28:00.001+08:002008-11-02T16:28:00.440+08:00

Getting child life insurance quotes on the net can be convenient, but are you sure that you are seeing the big picture?Is child life insurance really worth the premiums? Many question the importance of child life insurance. After all, if anyone needs to get insured, shouldn't it be the working parents? While this is indeed a valid argument, there are advantages to getting child life

Ronaldnoreply@blogger.com2