Having the right kinds of insurance — including good medical, disability, automobile, homeowner, long-term care, life, and even travel insurance — is key to good financial planning. This page about insurance gives you the lowdown on how to successfully navigate the often perplexing world of insurance coverage.
Title Insurance Company Can Discover Deed Problems
Is a general or special warranty deed better for selling property? When selling a residential property, the type of warranty deed you use, or title, isn't so important. A special warranty deed is usually used for commercial real estate sales. During the home sale process, a title company will run a title search and discover any problems with the deed or title. Usually a general warranty deed is used when selling a residential property.
Finding Which Insurance Is Right For You
There are many types of insurance available: homeowner's or renter's insurance, auto insurance and health insurance, life insurance (term or some version of whole life), long-term care insurance, disability insurance, business insurance, and excess liability coverage, also known as umbrella insurance. These days, it seems as though there is an insurance policy for every sort of situation a consumer might face. Which insurance is right for you?
Are You Properly Insured?
Insurance is one of those necessary expenses we have to live with. Why? If you don't protect yourself and the worst happens, you could wind up broke. Mortgage lenders will generally require you to purchase insurance for at least the amount of your mortgage. The concept is that if your house burns to the ground, or is ruined by some other disaster, you'll have enough money to repay your loan.
12 Things You Can Do To Pay Less For Your Homeowner’s Insurance Policy
If you have more than one claim in 7 years, or if you live in a flood or disaster-prone area, your insurance premiums may have increased dramatically over the past five years. Here are some tips for lowering your insurance costs including shopping around, raising your deductible, getting a security system and even going to school.
Check For Adequate Homeowners Insurance Coverage
You want to have adequate homeowners insurance coverage, so that in case of your home being destroyed, you will be covered for the full replacement of your home. In times of natural disasters the cost of insurance and home repairs can skyrocket. If your current insurance company won't sell you adequate coverage, look around for a different insurance company.
Life Insurance FAQs
We answer frequently asked questions about life insurance.
After Disaster Strikes
According to the FEMA, approximately one-third of homes in New Orleans carry flood insurance, and homes there are insured up to about $56 billion. Fannie Mae and Freddie Mac announced that they will work with lenders and mortgage servicing companies to assist those homeowners who have been wiped out by Hurricane Katrina without insurance. Conventional homeowners insurance typically doesn't cover damage caused by flood waters.
How Can I Get Life Insurance?
Information on where you should look for a life insurance policy.
How Much And What Kind Of Life Insurance Should I Buy?
You know you need it, but how much life insurance you should buy is still a mystery.
Insurance Company Can Use Policy Money To Pay Premium
When you buy life insurance you have to pay monthly premiums to keep the policy active. If you worry about being able to make premiums you can add riders to your policy that will cover the insurance premiums if you become disabled. In addition some insurance policies will take the premiums out of the policy's cash value if you cannot make the payments.