Articles Tagged ‘insurance’

Homeowner Insurance Protection
Saturday, July 11th, 2009

Homeowners insurance is one of those things that we often buy because we have to. When purchasing a home, the mortgage lender requires that the buyer purchase insurance to protect their interest in the property. But even if you own your home free and clear, homeowners insurance is something you need. A good insurance policy will protect your home from a variety of hazards. These generally include, but are not limited to, fire, storm damage and vandalism. Your standard policy does not cover flooding, but those that are in danger due to proximity to a body of water or geological concerns...

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Do Renters Need Homeowner Insurance?
Monday, March 30th, 2009

Probably. Consider that a home is not just the building, but the stuff inside. Your landlord's insurance covers damage to the structure, but if you want to protect your belongings - your wide-screen TV, camera, and four-poster bed - you'll have to buy your own policy. Renter's insurance (which is usually much cheaper than homeowner's) covers losses caused by everything from fire, hail, and falling objects to theft, vandalism, and more. It will also protect you from liability if a guest slips on the rug. But you must purchase separate riders for damage caused by floods and earthquakes, or to...

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Long-term Care Insurance Considerations
Monday, March 9th, 2009

Baby Boomers are reaching retirement age in record numbers but many are not aware that the government provides little, if any support to their long-term care needs. Many boomers have experienced seeing their parents or other relatives live out their final years in a nursing home or home care situation.

According to the AARP the average annual costs for long-term care in the U.S. are:
• $66,792 for a semi-private room in a nursing home
• $75,192 for a private room in a nursing home
• $35,516 for care in an assisted living unit
These expenses can quickly deplete even...

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Finding Affordable Health Insurance
Wednesday, February 18th, 2009

A significant issue in the U.S. is the lack of decent health care for every single citizen. In a country of plenty, the fact that the people who live and work here don’t always get the medical attention they need is disappointing. With growing unemployment many previously unaffected by this are now experiencing the financial strife associated with purchasing unsubsidized health insurance.There are many factors that contribute to this, including the rising cost of health insurance.

Finding affordable health insurance is a daunting task but a necessary one. Here are six suggestions on how to find...

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Buying Life Insurance
Tuesday, February 10th, 2009

Having life insurance is an important element of your overall financial plan – especially for families. If you have a spouse and children who depend on your income and you don’t have extensive resources, then life insurance can be used to help pay for expenses in case you pass away. Single people without dependents typically don’t need the same amount of life insurance because they don’t have as many responsibilities that will outlive them. Life insurance is not a replacement for a long-term savings or investing strategy but an additional cushion. Depending on your financial situation, life insurance and its...

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