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.
Old Unpaid Bill Ruins Credit Score
Old bills, no matter how small, can ruin your credit if they're reported to a collection agency. If it's an error, you can try fighting the charges to correct your credit history. If fighting a bill doesn't work, then negotiate a payoff in which you pay the bill in full but they agree (in writing) to simply report the sum is "paid in full" on your credit history.
Protect Investment With Title Insurance
Before you go to closing, ask about your title insurance protection, and be sure to protect your home with an owner's title insurance policy. Just because there is a title commitment does not guaranty that the seller can convey "good" title to a buyer. If the title company has done a good job searching the title to the property, you, as the buyer, will have a good understanding of the issues that will affect your title.
Auto Insurance Costs Rise With New Car Purchase
New cars generally mean your insurance cost will go up as well. If you're like millions of Americans, the idea of buying a brand new car seems like a great idea. But what do you do about the insurance costs? Selecting the right car and the right policy can save you a load of cash.
Protecting Yourself from Liabilities at Rental Property
There are various ways to protect yourself when owning rental property. But first you have to determine which types of liability you're vulnerable to at those properties. You may want to look at an umbrella policy for your rental property investments, or have a separate company own each property.
Water Damage Caused By Condo Neighbor
A new neighbor above these condominium owners is causing water damage to the unit below them and refuses to file and insurance claim. The only solution may be to sue the neighbor for expenses reimbursed. Generally, the responsibility for repairs caused by a neighbor to another unit should be borne by the neighbor.
Homeowners Insurance Refuses To Pay For Homeowners’ Mold Problem
A homeowner files a claim for mold in the attic, but the homeowners insurance refuses to pay the claim. Ilyce suggests reviewing the homeowner policy and discusses insurance company's view on mold. Does the homeowners' insurance company have the right to refuse to pay the mold claim?
Insurance Not Covering Mold Claim
A homeowner finds mold in her attic, but her insurance company refuses to honor the claim. It's important to read your homeowners insurance policy carefully -- most insurers are not covering mold claims except due to specific circumstances, like a burst pipe, and often not at all. Mold is often specifically excluded from coverage.
How To Combat The Rising Tide Of Flood Insurance
In the wake of Hurricane Isabel, the lights for many Americans on the Eastern Seaboard are stillout. But what hasn't even dawned on most Americans who live in flood zones is that over the past few years, insurers have been stealthily changing insurance policies as they relate to hurricane and other flood damage.
Where To Get Health Insurance If Self-Employed
How can someone who has a health "history" get covered by health insurance benefits? There are several resources for those who are self-employed or unemployed to find health insurance. Even if you have preexisting health issues, you can get health insurance, but you're challenge is getting it an an affordable cost.
How To Cancel PMI
If you didn't put down 20 percent in cash on your home, you're probably paying private mortgage insurance, also known as PMI, and you're wondering how to get rid of it. A lender will be able to tell you what specific steps to take to cancel PMI. Lenders must automatically cancel your PMI once you've reached 22 percent equity based on your original home loan and sales price.