February 25th, 2010
FormulaGetMoney
With the credit crunch affecting more and more people, consumers are being forced to cut back on their expenses to save money. It has been reported that a lot of people are reducing the amount of money they spend on optional financial products such as health insurance and life insurance to try and counteract the rising cost of living but for some this isn’t possible. Products such as car insurance are a legal requirement, something which might be a financial frustration for some. There are, however, ways to cut down the costs and find cheap car insurance that is right for you.
First of all, and most importantly, remember the golden rule of finding the right financial product: shop around. Price comparison websites are a great tool for getting a list of insurance policies that will suit your needs within seconds. Once you have found a policy, it is a good idea to look around every two years to make sure you have the cheapest deal on the market. Read more »
February 25th, 2010
FormulaGetMoney
Whenever you set up a system, it’s only as strong as the weakest link. Sometimes, the cause of the problem is inside the organization. Other times, the problem is a conflict of interest in the middleman. Whatever the cause, you can get trampled on unless you stand up for yourself. Most days, when you’re driving on the freeway, you get to see the wreckage from traffic accidents. You pass by because it’s not your problem. Auto insurance companies pick up the pieces. At least, that’s what all the ads say. Out of interest, I tracked down one of the drivers to see how it really goes down.
Sarah from Wisconsin was making her usual commute when she was rear-ended. She was lucky. It flipped her over but she was unhurt. She did everything by the book. Waited with her car until the police appeared. Gave her statement and was later cleared of all blame in the report. Everyone who saw her car thought it was a total loss. Even the guys who came on the tow truck shook their heads and congratulated her on her escape without injury. “They dropped me off at an approved car rental agency. One telephone call to my auto insurance company and I was driving again.” She shook her head with a wry smile. “I never thought there were going to be problems. Read more »
February 25th, 2010
FormulaGetMoney
You’ve made the decision to buy that expensive item of jewelry and left a good chunk of change with the jeweler. Now it’s up to you to protect your investment. With a cost for insurance that averages 1-3% of the jewelry items’ value, it just makes sense to purchase jewelry insurance. Jewelry gets lost, stolen, broken, left behind, misplaced, run over, slammed in doors, and washed down drains. Insurers hear it all. Don’t assume homeowners or renters policies automatically cover you. Many homeowners’ policies cover a total of just $1,000 for jewelry theft, and include a high deductible as well.
A $1,000 limit for jewelry coverage on a homeowners policy not only doesn’t cover much, but it often requires you to find the sales slip, appraisal, and/or get quotes for replacements when making a claim. A separate jewelry insurance policy from a specialty insurer costs a similar amount and often carries a lower deductible besides. Making a claim can avoid extra work and frustration involved when working with homeowners coverage, plus you’re not making a claim on your homeowners policy. Read more »
February 25th, 2010
FormulaGetMoney
It is possible to create a list of hundreds of towns and cities that have been devastated by flooding over the last few years and most of these have never been flooded before. Global warming, blocked land drains, urban development and new road systems are just some of the reasons given but in reality those people caught up in a maelstrom only care about what happens next.
So long as your house and contents are insured against disaster you have a right to think that your Insurer will get to work and get your home put back together for you. Unfortunately this is not the way it seems to work any more in many cases. Read more »
February 25th, 2010
yuspi
A life insurance policy is not for you, the policyholder, it is for your loved ones who may outlive you.
When buying life insurance, you designate who or what should receive the related benefits upon your death; those that you name are the beneficiaries.
Beneficiaries can be:
* One or more people
* A business or corporation
* A legal entity, like a living trust
* A nonprofit organization
* Your estate Read more »
