Archive for Insurance
May
05
Low Cost Health Insurance?
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I am contemplating quitting my job and going full time to school so that I can have a fresh start with a new career. It would be fine if it was just me, but I have 2 kids and I am single. With school I would work about 40 hours/week doing clinicals at the hospital plus my school work, so I wouldn’t be able to work as well. I know I could get state assistance with medical but I did that before and it was the absolute worst healthcare I’ve ever experienced. They treated us like we were scum. I want my kids to be well taken care of for the few semesters that I would be out of work. I will be getting all of the student loans that I can to pay for basic expenses and hopefully some sort of sliding scale healthcare…Any ideas?
Rent Back
Jan
31
Where can i get free or low cost weight lost surgery options?
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My last doctor told me that I would probably never lose weight because both of my parents were heavy and genetics will always supercede my efforts.
I’m severly in debt with doctor and hospital bills from my failed efforts. My insurance doesn’t cover weight lost surgery, and because of my debt, I don’t qualify for a loan to pay for it myself.
Aug
15
Mortgage Protection Insurance Protects Your Home From Repossession
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Repossession is a huge worry to any homeowner and it can and does happen and sometimes this is a result of either being made redundant or losing your income to accident and sickness. In cases such as this repossession might have been avoided if the homeowner had taken out mortgage protection insurance. A policy would provide you with the income needed for you to be able to meet the repayments each month without a struggle. You would not have to make changes to your lifestyle and cut down on other things in order to be able to keep up with your mortgage.
Mortgage cover is offered when taking out the mortgage with the lender. However in the majority of cases this is often the dearest option for protecting the repayments. A far cheaper solution comes by way of standalone specialist providers. Such providers offer premiums based on your age when applying and the amount that you wish to cover, this is your mortgage payment. All providers will allow you to insure up to a certain amount each month and this is the sum paid to you as a tax-free income. You are able to tailor mortgage protection for your needs. You could take out cover for accident, sickness and unemployment together, unemployment only or incapacity only.
When the mortgage is due you then carry on paying it as you would normally do and this stops you from getting into mortgage arrears. Lenders will have no option but to take you to court and apply for repossession of your home if you fall into arrears. This of course will lead to eviction if the judge believes that you are unable to keep up with the payments and also repay the arrears. Your policy of course stops any of this happening.
When buying mortgage protection insurance from a standalone provider, the policy will differ slightly with each provider. Some may offer protection that would begin to payout after 30 days of you being unemployed or of being incapacitated. Other providers might ask you wait for a period of up to 90 days and then you are able to put in the claim. Cover will last for so long once it has started to payout; providers usually offer either 12 or 24 monthly payments before the policy ends. During this time you would be able to concentrate on finding work or making a recovery.
Mortgage protection insurance earned itself a bad name along with all payment protection products when an investigation began into the sector in 2005. Fines were handed out by the Financial Services Authority which included a mortgage firm who had mis-sold cover. High street lenders give inadequate information which led to consumers taking out cover that they could not possibly hope to claim against. Cover also came at high cost which boosted up loans and mortgages considerably. Consumers should be aware that the products when sold with the correct information regarding the exclusions can and does work as it is supposed too. Ethical providers will ensure that they provide you with the information you need to check suitability before buying.
Sell and Rent Back
Jul
21
Could the hospital take my rent house if i have no insurance?
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Should I put my rent house in my daughters name in-case I was hospitalized if something BIG happened. If I was hospitalized with no insurance could the hospital take my rent house ? Would she have to pay taxes on it if it was in her name?
Real Estate Professionals
Jun
27
Buyer’s remorse; What’s the best way to get rid of this house?
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I just bought a house that has been a nightmare for me. This is my first house and I cut serveral corners trying to purchase it including not getting an inspection. Since moving here, I’ve discovered problems with electrical outlets in the bathrooms, bootleg cable wiring, and after a few shingles blew up on the roof, the insurance agent said the roof will need to be replaced soon. I fear that I will have a hard time selling it because of the color of the exterior the outdated wall paper on the interior. Also I bought it for about $10,000 above the average home in this area. I would rather go back to renting until I can afford a newer home closer to the city. I don’t want to put much money into the house and I’ve decided to stay for at least a year. What’s the best way to sell without losing any money? Would it be better to use an agent and try to sell it the old fashioned way, or should I use one of those quick sell companies just to get rid of it and maybe make a few (very few) bucks.
Sell and Rent Back
Jun
25
Mortgage Insurance Protection Cover Essential as a Backup Plan
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Mortgage insurance protection cover is essential as a backup plan if you are the main earner and you should lose your income. Cover gives you a replacement income that was tax-free providing you become unemployed or suffer from an illness or an accident which would mean you would not be able to work. You could be unable to work for a long period and it could also take you many months to look around for suitable work if you were made redundant. During this time the mortgage lender would of course expect you to continue repaying the mortgage when it was due.
The consequences of mortgage arrears only lead to one thing in the end. The lender will take you to court to take repossession of your home if you cannot show that you have the income to be able to pay both mortgage payments and arrears. Just one missed payment will be enough for the lender to send out a letter asking that you catch up on the mortgage arrears. If you miss another payment and do not contact them to make an agreement and continue to get behind on the mortgage this is when they will start repossession proceedings.
If you have mortgage insurance protection cover behind you to fall back on you would not have this worry. If you became sick or were in an accident you would be able to claim on the policy after the pre-defined period. You would also get an income unfortunate enough to become a victim of redundancy. You would have to check the terms of the policy before taking it out as the start and end dates would vary considerably. There are providers that would begin to provide you with an income after just 30 days of you being made redundant or of being sick or suffering an accident. Other providers might ask that you defer from claiming on the cover until as long as the 90th day and some providers would backdate your income to day one of unemployment or of being incapacitated. Payout lasts for a certain period and then it expires, this is either a 12 month or 24 month series of payments each month.
Mortgage payment protection taken out with an independent payment protection specialist works out a lot cheaper than adding the protection in with the high street lender. High street lenders add in cover which comes with a high price and without giving adequate information which in the past led to homeowners taking out insurance that they could not hope to claim against. Fines were handed out by the Financial Services Authority after an investigation and some changes for the better have been seen already. Currently the Competition Commission are conducting an in-depth review and it is hoped that many more changes will be seen. However providing mortgage insurance protection cover is taken with the exclusions in mind and you have checked them against your circumstances cover works in the way it was designed. The majority of ethical standalone providers will put the information needed on their website so checking is easy.
Sell and Rent Back
Jun
11
Redundancy Protection For Mortgage, Loans and Income
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If you have loan repayments, a mortgage to keep up with and of course general outgoings each month to keep your home running then you need to consider insuring against unemployment with redundancy protection. Policies can be taken based on your circumstances if you are in full time work so that if and when you lost your income you would not be left struggling financially.
If you want to cover against a loss of income in general then you would need to look into taking out income payment protection as redundancy protection. You find a standalone provider who specialises in payment protection and then pay them a premium each month for the insurance. The premium would take into account the amount of your income that you wanted to insure and how old you were when applying for the policy. You would have to check to see what the amount is set out that you are able to insure up to as all providers will differ. You would also have to check to see when the cover would start to provide you with an income and for how long it would pay out.
The majority of providers would state that you would have to be unemployed for at least 30 days and with some providers it could be as long as 90 days. Usually payout can be taken for either a period of 12 monthly payments, one each month and 24 monthly payment, after this the policy would end. During this time you would have the peace of mind of knowing that you would be able to meet bills when they became due and this would not hinder your search for work.
You would have enough money to be able to pay your mortgage and so not risk losing the roof over your head. You would also be able to maintain your loan repayments and if you have borrowed on credit cards also have the money to continue paying these. Any bills that came in that kept the home running smoothly such as heating, lighting and grocery bills could also be maintained.
You could also choose to take out redundancy protection for your mortgage and loan repayments alone. Mortgage payment protection can be taken out if you do not want to insure all of your income. This would just provide enough money for you to be able to keep paying the mortgage and so not get into arrears. If you get into mortgage arrears by just a couple of months and cannot afford to catch up on them then the lender would take you to court to seek repossession of your home. This would mean that a judge would give you an eviction date and you would have to leave the property by this date. You can also cover loan repayments alone with loan payment protection. This would ensure that you do not get into debt and the lender does not take you to court. It also means that you can maintain your credit score which is important if you want to borrow in the future.
Sell House Quick
May
02
What questions and things do I need to do when looking to rent my first house?
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My hall-mates and I are looking to rent a house next school year and I was just wondering what types of questions should we go about asking the landlord and the realtor? We would like to have a list of questions to ask going into the meeting with everyone.
What do we need to know about insurance and things like that?
Also What are some things we need to know in order to make the whole living together thing easier?
Rent Back
Apr
08
A repossession situation I don’t understand?
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I have a repossession situation that I don’t understand? In the months of 2/08; 3/08; and 4/08; my credit union stop receiving my premium’s on the vehicle, nor did not return the premium’s; but wanted me to return the vehicle or repossession the vehicle without notice, letter or anything, just wanted the car back. I paid my monthly premium’s and had full auto insurance on the vehicle. When I found out that they was not putting my premium’s on the vehicle before making my 5/08; they was asking me to return the car and was trying to repossession the car. And on 6/11/08 they repossession the vehicle. Sold the vehicle for $7,025.00 and charging me the remaining balance of $6,909.61 How must I now fight them back again this illegal act. (File a Breach Of Contract Against) or what?
I do slightly agree with person #3 I must find out why was this? But my statement is just as plain as I can put it. The payments was made of the car, period. Like I said, I don’t understand it too? In asking them for the reason, they there’s no absolutely on communication? Just want the car back, period without any explaination, I can’t make this no clearer then this. But thanks again way, people.
Sell and Rent Back
