Homeowners Insurance At A Glance
At first glance, homeowners insurance may seem perplexing and quite overpowering. Understanding your policy is crucial to know what you are actually purchasing, and also an extremely important part of owning a home. A homeowners insurance policy provides financial security against disasters, as well as insures the home and the possessions kept within.
A basic homeowners insurance plan consists of four major types of coverage. These include: Home structure, coverage for personal belongings, liability protection, and living expenses in the event you cannot reside in your home as a result of an insured disaster.
Earthquakes and floods are not covered by standard insurance plans. To insure your home against these natural disasters, you will need to purchase a separate insurance policy. However, here is a list of catastrophes that are covered by homeowners insurance: fire, lightening, theft, vandalism, overflow of water from plumbing, just to name a few. You need to think ahead when purchasing homeowners insurance. When assessing the amount of coverage you should buy, think about how much it would cost to reconstruct your home if it were completely demolished.
All of your personal belonging are covered if they are stolen or ruined by an insured disaster. A majority of insurance companies will offer coverage for 50% to 70% of the sum of insurance you have placed on your home. Between $1,000 to $2,000 is allotted for expensive items such as furs and jewelry. Up to $500 coverage is also allowed for unauthorized use of credit cards.
Liability protection shields you against legal action for bodily harm or estate damage that was caused by you or family members. This part of the policy pays the expense of your defense in a court of law, and is supported throughout the world.
If you are unable to live in your home due to damage from an insured disaster, most homeowners insurance policies will pay for the additional expenses such as hotel fees and restaurant tabs, while your house is being reconstructed. However, coverage for these extra costs vary with each insurance company.
Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers discount home insurance, life and auto insurance that you can research in your pajamas on his website.
How To Shop For Individual Health Insurance
If you find yourself in the position of shopping for anindividual health insurance policy, there are certain thingsyou'll want to keep in mind. Whether you are coming out of a job that covered you before, or are at the end of yourCOBRA benefits, or simply have never had coverage beforethere are things you can do to get coverage on yourself andyour loved ones.The basic thing to know is that if you have a shot a grouphealth insurance, whether through a job or an association you're a member of, that is usually much more affordablethan buying individual health insurance on your own. Firstyou need to figure out your health insurance goal...(related: Insurance)
Self Employed Health Insurance - Tips For Getting Cheap Health Insurance When Youre Self Employed
If you're self-employed and facing high health insurance bills, there are a number of things you can do to make your health insurance premiums cheaper once you find a good health insurance plan. Some involve opting out of certain coverage, others mean increasing the amount you'll pay out of pocket for expenses. There are also discount health plans that you can join which will offer you ...(related: Insurance)
Consumer Driven Health Plans [ Cdhp ]
Do you know that skyrocketing health care costs have been draining the federal government and employer's exchequers over the last couple of years? The health care costs account for 15.5 percent of U.S GDP and is the most expensive benefit paid by employers, seriously affecting their competitiveness in the global market. Health care spending is projected to top $1.9 trillion in 2005, about twice the amount being spent on education. According to the Employment Policy Foundation, employers have spent $331 billion last year for health insurance, a 50 percent increase since 1998. All of these never-improving alarming statistics did result in de...(related: Insurance)
Auto Insurance Information Online - Compulsory Auto Insurance
In 47 of the 50 United States, it is illegal to take a car onto the road without auto insurance. Compulsory insurance laws protect the public from the expenses of injuries and property damage resulting from a car accident. The states that...(related: Insurance)
Life Insurance Careers
Do you like to spend all day being sitting around? Fixed income is good enough for you? Do you feel economic stability is not a priority right now?Well, if your answer to any of above questions is "Yes", you should accept the fact youhave a very high chance of being unsuccessful.But if, in the other hand, you are proactive, if you need to build a future for your family and yours...(related: Insurance)
Insurance For Those Who Run Bed And Breakfast Properties
A Bed and Breakfast, often referred to as a B&B, is a private residence with several rooms of which are set aside for overnight guests whose paid accommodations include breakfast. Modern Bed and Breakfast often consciously tries to recall...(related: Insurance)
Health Insurance Online - Save Today
It is now possible to thoroughly research and buy health insurance online. Without health insurance, the smallest of incidents, accidents, or illness can leave you with expensive medical bills that most people would have difficulty paying. Even a short check up at the doctor's office for a sore throat, or minor illness can cost a couple hundred dollars. It's important for everyone to obtain health insurance, no matter how healthy you tend to be- because you simply cannot pre...(related: Insurance)
Choosing Affordable Health Insurance For Children
In most cases, private health insurance comes through a person's employer, who picks up the majority of the cost of premiums. However, today many people, who are either self-employed or who work for a company that doesn't offer health insurance, find it necessary to obtain quality affordable health insurance for children.There are a wide range of plans and offerings of affordable health insurance for children and it's necessary to pick and choose from among the many plans available. For example, if you feel your family may need alternative health options such as massage therapy or acupuncture, you'll want to make sure your plan covers these choices.Affordable...(related: Insurance)
Is Your Auto Insurance Company Rated?
Several national rating institutions rate insurance companies. Do coverages, rates, and service vary from company to company? Why can you pay less with one company than another can for the same coverages? Choosing the best insurance company for you is a crucial financial decision. Does your insurance company have the financial strength to safeguard you and your family? If the company cannot pay future claims or benefits, other issues become far less relevant. Financial strength ratings are an analysis of a wide variety of risks that could affect an insurance company's long-term viability. Insurance companies have failed or ceased to operate due to inadequate financial...(related: Insurance)
Senior Life Settlements- A New Financial Dawn Emerges
When delving deeper into the market-driven research on the myriads of reasons, motivations, and/or rationales for senior life settlements - seniors selling their life insurance policies have surfaced in recent years. According to studies by key industry players, policyholder rationales for selling life policies are to be identified on one of three levels, due to a combination of them OR influencers from all three levels working together to result in senior life settlement transactions:Individual: cash-need for major expenses, outlived need for coverage, needing different coverage or features, financial distressFamily / Estate: Change in beneficiaries (e.g., divorce, death of dependents), Second-to-die policyholder (i.e., spouse) has passed away, material change in the value of estateBusiness: Change in key...(related: Insurance)
Credit Card Insurance
A word of warning about Credit card repayment protection schemesThe people who sell you the policy and who take out your monthly payment for 'card protection' are not always (in fact, often aren't) the people who you will be dealing with in the event of a claim.So be careful.I took out my credit card protection cover last November (2004). I merrily watched the monthly payments being taken up to date. I recently made a claim. ) I had a heart attack and had to be off work for 8 weeks) I sent off for the claim forms, I sent them back, together with doctor's ...(related: Insurance)