0 HO4 Insurance - What is renters insurance?

Just because you rent a home, it doesn't mean you don't need insurance.  After a lifetime of buying clothes, furniture, and other belongings, a house fire can take everything from you.  Some people think that the landlord has insurance to replace these things in the event of a devastating loss like a house fire, but the dwelling fire policy covering the home will not pay for your loss.  To take care of your possessions in the event of a loss, you need what is known as HO4 insurance, also called a renter's insurance policy. This policy provides similar coverage as the HO3 insurance policy, or homeowners policy, without...

0 How to Read Your Car Policy

One of the largest exposures of financial risk for the average person occurs once they get behind the wheel of their automobile.  Once you pull out on the road, there are millions of drivers out there; some of them may not have the best of training.  You may be the best driver in the world, but it's not you that you need to worry about; it's the teenage texting her boyfriend about their breakup last night, or the woman who didn't have time to put on her makeup this morning because she is running late, or the late night party-goer who had maybe a few too many.  No matter how careful you may be, there is always the potential of an...

0 Term vs. Permanent Life Insurance - Which is Best?

Normal 0 false false false EN-US X-NONE X-NONE Buying life insurance isn't a project most individuals would say they would like to spend time doing. Besides the expected uncomfortable feelings, making an attempt to make your mind up which sort of policy is at best confusing to the average person. Let's take a glance at the 2 basic sorts of life insurance on the market and how to decide which is best for you. Permanent life...

1 H06 Insurance Policy or Condo Master Policy - What's the Difference?

H06 Insurance Policy or Condo Master Policy - What's the Difference? If you are thinking about buying a condominium, you might have questions about who insures what.  In a typical condominium, there might be many separate housing units owned by separate owners, and dealing with insurance issues can be complicated.  Let's take a look at the insurance policies that are used for condominiums - the H06 insurance policy and the condominium master policy. A condominium consists of individual family or business unit housed in a common structure.  There are also sidewalks, landscaping, and other elements, called common areas...

0 Burial Insurance for Seniors - What is it and how much do I need?

One of the more important financial planning decision for seniors will be how to pay for their funeral costs. We all know someone who passed away and left their children scrambling for money to pay the expenses.  With average funeral costs rising each year, leaving this expense to the children is not the best route to go. This is where purchasing burial insurance for seniors makes sense. Burial insurance for seniors are simply life insurance policies purchased to provide money intended for funeral expenses.  They are usually whole life policies, and can be paid for on a monthly basis.  A whole life insurance policy stays...

0 HO3 policy - How much insurance do I need?

Determining how much insurance for your home is an important task.  On one hand, you don't want to pay more than you have to.  On the other, if you have a catastrophic claim, such as your home burning to the ground, you want to make sure you have enough.  Let's take a look at the different coverages available in the HO3 policy and how to figure how much you need. The first section to look at is called Coverage A on the policy.  This is the coverage that most people will refer to when they look at their policies.  Coverage A gives the limit of insurance paid out on a claim to your home from the standpoint of the...

0 What To Look For in an H06 Insurance Policy

What To Look For in an H06 Policy You've made the decision to purchase a condominium, you've looked at numerous properties, you've made an offer that was accepted - congratulations!  Now you go to your mortgage company to get a loan, and they ask you if you have found an H06 policy, or condo policy. How do you make an informed decision about what to buy?  Let's talk about what to look for in a condo policy. The first thing to do is determine how much coverage you need.  Unlike a homeowners policy, or H03 policy, condominium associations will have a master policy to cover the exterior building and common areas, such as the...