With daily news reports focusing on the declining economy and disappearing jobs, you may be like many who are beginning to wonder what you would do if you were suddenly unemployed. How would you pay your mortgage and other expenses? Is there a way to protect yourself and your family? One answer to both of these questions could be unemployment mortgage protection insurance.
What is Unemployment Mortgage Protection Insurance?
This is a relatively new line of insurance that protects your mortgage in case you become unemployed for an extended period of time.
You will pay a relatively small monthly premium and if you become unemployed for more than 30 days and the unemployment is due to no fault of your own, you will receive a cash benefit. The cash benefit will be paid directly to you on a monthly basis in the amount that was agreed upon in your contract. You can then use the funds to pay whatever bills you wish.
Who Needs This Type of Insurance Coverage?
Virtually anyone who has a mortgage could use the protection of this type of insurance. Very few people can manage to pay their mortgage and other expenses if they are unemployed for an extended period of time. That is how savings accounts are emptied and bankruptcies and foreclosures happen occur.
If you don't think you could financially withstand unemployment for more than 30 to 60 days, you should seriously consider investigating this type of coverage.
How Affordable is This Coverage?
Luckily, this form of insurance is one of the more affordable lines of insurance. An average monthly premium of $70 to $75 will protect a mortgage payment of about $1500. This means your yearly premium for unemployment insurance will be just over half of one month's mortgage payment.
Where to Shop for Coverage Options?
It is getting easier and easier to find unemployment mortgage protection insurance. Your mortgage lender is a likely source, but you can also find unemployment insurance online. An online search will allow you to gather quotes conveniently and quickly. This will allow you to compare unemployment protection insurance providers and get the best deal for you.
Saturday, August 1, 2009
Shop Online For Insurance - Multiple Quotes Will Save You Time and Money
With major modern advances in technology, it is getting easier and easier to do everything. Shopping online for insurance will get you the most coverage out of your money. However, shopping for free online insurance quotes can be difficult, so you have to know what you're looking for in an insurance quote. Many companies will offer only one quote for all of the time it takes to fill out a quote form.
It's important to shop around and research all the different free online insurance quotes out there, but you need to know how. So you must be wondering how you know if a quote provider is really looking out for your best interests. It's important for you to browse through the site for a while and see what you're dealing with. Make sure that there is legitimate quote pages, and content with real answers to real insurance questions.
Though going to the big names in insurance sites is helpful to getting a quote, they usually only offer one quote through their company. It is better to visit a site that does not sell the actual insurance, but does offer quotes from all the big names. That way when you fill out the quote form, you will receive multiple quotes from all the best insurance companies out there. So when you get all the quotes with easy access, you can really find out which company will give you the most coverage for the best price, instead of searching through each insurance companies quotes separately.
It's important to shop around and research all the different free online insurance quotes out there, but you need to know how. So you must be wondering how you know if a quote provider is really looking out for your best interests. It's important for you to browse through the site for a while and see what you're dealing with. Make sure that there is legitimate quote pages, and content with real answers to real insurance questions.
Though going to the big names in insurance sites is helpful to getting a quote, they usually only offer one quote through their company. It is better to visit a site that does not sell the actual insurance, but does offer quotes from all the big names. That way when you fill out the quote form, you will receive multiple quotes from all the best insurance companies out there. So when you get all the quotes with easy access, you can really find out which company will give you the most coverage for the best price, instead of searching through each insurance companies quotes separately.
Shop Online For Insurance - Multiple Quotes Will Save You Time and Money
With major modern advances in technology, it is getting easier and easier to do everything. Shopping online for insurance will get you the most coverage out of your money. However, shopping for free online insurance quotes can be difficult, so you have to know what you're looking for in an insurance quote. Many companies will offer only one quote for all of the time it takes to fill out a quote form.
It's important to shop around and research all the different free online insurance quotes out there, but you need to know how. So you must be wondering how you know if a quote provider is really looking out for your best interests. It's important for you to browse through the site for a while and see what you're dealing with. Make sure that there is legitimate quote pages, and content with real answers to real insurance questions.
Though going to the big names in insurance sites is helpful to getting a quote, they usually only offer one quote through their company. It is better to visit a site that does not sell the actual insurance, but does offer quotes from all the big names. That way when you fill out the quote form, you will receive multiple quotes from all the best insurance companies out there. So when you get all the quotes with easy access, you can really find out which company will give you the most coverage for the best price, instead of searching through each insurance companies quotes separately.
It's important to shop around and research all the different free online insurance quotes out there, but you need to know how. So you must be wondering how you know if a quote provider is really looking out for your best interests. It's important for you to browse through the site for a while and see what you're dealing with. Make sure that there is legitimate quote pages, and content with real answers to real insurance questions.
Though going to the big names in insurance sites is helpful to getting a quote, they usually only offer one quote through their company. It is better to visit a site that does not sell the actual insurance, but does offer quotes from all the big names. That way when you fill out the quote form, you will receive multiple quotes from all the best insurance companies out there. So when you get all the quotes with easy access, you can really find out which company will give you the most coverage for the best price, instead of searching through each insurance companies quotes separately.
Insurance Understanding
In the simplest way, insurance can be seen as protection against financial hardship due a loss resulting from an event or risk insured against, or a risk management device. It can often be a concept that is hard to sell to anyone, especially since it sounds so negative. Insurance in the best of light can be the epitome of the saying "better safe than sorry", or in the worst case scenario something to guard you against Murphy's law that "if something can go wrong, it will."
The Basic Principles
Premium Payments- these are the periodical amounts that an insured will pay the insurer to be covered from the particular risk he is exposed to, the cost of which will be spread out to people under the same risk. The computation of these payments depend upon the following factors: the risk or the event, the exposure, the circumstances that may affect the level of exposure, the number of people under the same risk, and the presumed cost of the loss. This is why some people pay bigger premiums than others, it's because they are more likely to be in the position to need indemnification.
Risk- is a possibility that something will happen that will result in damage or loss. The basic premise is that this risk does exist, but the time of the event that will cause the damage is unknown, and though it may be known, it will not be stoppable. (The way that fire is a risk, one knows that it can happen, but not always when. Or in the case of tornadoes, there are places that are prone to tornadoes, but nothing can be done to stop one.)
Indemnity- the worth of an insurance policy or the "pay-out" is the amount of indemnity (payment for the loss due to the risk insured against). In case of material goods, this is often less than the fair market value of the goods or the thing insured (like a car or a house), but for human life that has no monetary equal, it can go as high or as low as the policy holder can afford. Life insurance does not repay the loss of the life, it is only something that will ease any financial hardship that such a loss can cause.
An Illustration
There are ten people living in an apartment building, with the same jobs, and the same properties. They are all exposed to the same amount of risk of the building getting caught on fire. If one tenant, however stores legal but flammable materials in his apartment, his risk is higher, therefore he will pay a higher premium. If one other tenant has decided to "fire proof" most of his properties, his premium payments will go lower. If the apartment building is near a fire station, the risk of damage is also reduced, and the premium payments also go lower. If the building is near a flammable chemicals plant, that premium payments will go higher. These are all very simplified explanations, of course, but it's only meant to give a better understanding to the uninitiated.
The Basic Principles
Premium Payments- these are the periodical amounts that an insured will pay the insurer to be covered from the particular risk he is exposed to, the cost of which will be spread out to people under the same risk. The computation of these payments depend upon the following factors: the risk or the event, the exposure, the circumstances that may affect the level of exposure, the number of people under the same risk, and the presumed cost of the loss. This is why some people pay bigger premiums than others, it's because they are more likely to be in the position to need indemnification.
Risk- is a possibility that something will happen that will result in damage or loss. The basic premise is that this risk does exist, but the time of the event that will cause the damage is unknown, and though it may be known, it will not be stoppable. (The way that fire is a risk, one knows that it can happen, but not always when. Or in the case of tornadoes, there are places that are prone to tornadoes, but nothing can be done to stop one.)
Indemnity- the worth of an insurance policy or the "pay-out" is the amount of indemnity (payment for the loss due to the risk insured against). In case of material goods, this is often less than the fair market value of the goods or the thing insured (like a car or a house), but for human life that has no monetary equal, it can go as high or as low as the policy holder can afford. Life insurance does not repay the loss of the life, it is only something that will ease any financial hardship that such a loss can cause.
An Illustration
There are ten people living in an apartment building, with the same jobs, and the same properties. They are all exposed to the same amount of risk of the building getting caught on fire. If one tenant, however stores legal but flammable materials in his apartment, his risk is higher, therefore he will pay a higher premium. If one other tenant has decided to "fire proof" most of his properties, his premium payments will go lower. If the apartment building is near a fire station, the risk of damage is also reduced, and the premium payments also go lower. If the building is near a flammable chemicals plant, that premium payments will go higher. These are all very simplified explanations, of course, but it's only meant to give a better understanding to the uninitiated.
How to File a Complaint Against an Insurance Company
If you live in the great state of New York and have had problems with an insurance company, broker, or agent, then you are entitled to file a complaint against that person or company and have your voice heard through an official way. It is important to understand that you have rights in this country and that if you have been mistreated or misled in one way or another, then you are certainly entitled to tell someone about that in an official manner and have your problem resolved.
The best way to file a complaint is to do it online through an Online Consumer Complaint form. This form will entitle you to a file number and confirmation code which tells you that you are officially on the list to have your case heard by someone with authority. In that complaint form it is very important for you to describe the complaint and situation in the best manner possible. Any evidence that you have about your problem must be submitted in this form and will be used as a part of your case. If you have documentation that shows the problem, then you must submit it with your complaint forms. Things such as pictures, documents and faxes are certainly considered good pieces of evidence for people to use when filing a complaint. You can either turn your form in online or you can mail or fax it to the people in charge. You can find all of those phone numbers online. It is, however, suggested that you file your complaint online because the process will be much faster on your end. This also saves you the time of physically mailing the complaint and the money that it will cost you to mail that complaint. It is also noted that files that complaints that are filed online receive immediate attention from the department and will be dealt with much quicker than those sent in the mail.
Like mentioned before, the complaint must be very detailed and include all of the information necessary. You must not only include all of your information but also all of the information of the person or company who mistreated you. If you are having a hard time figuring out how to write a proper complaint, you should ask someone you know to help you. Do not wait to file a complaint if you have been mistreated. File the complaint and then get a new insurance company
The best way to file a complaint is to do it online through an Online Consumer Complaint form. This form will entitle you to a file number and confirmation code which tells you that you are officially on the list to have your case heard by someone with authority. In that complaint form it is very important for you to describe the complaint and situation in the best manner possible. Any evidence that you have about your problem must be submitted in this form and will be used as a part of your case. If you have documentation that shows the problem, then you must submit it with your complaint forms. Things such as pictures, documents and faxes are certainly considered good pieces of evidence for people to use when filing a complaint. You can either turn your form in online or you can mail or fax it to the people in charge. You can find all of those phone numbers online. It is, however, suggested that you file your complaint online because the process will be much faster on your end. This also saves you the time of physically mailing the complaint and the money that it will cost you to mail that complaint. It is also noted that files that complaints that are filed online receive immediate attention from the department and will be dealt with much quicker than those sent in the mail.
Like mentioned before, the complaint must be very detailed and include all of the information necessary. You must not only include all of your information but also all of the information of the person or company who mistreated you. If you are having a hard time figuring out how to write a proper complaint, you should ask someone you know to help you. Do not wait to file a complaint if you have been mistreated. File the complaint and then get a new insurance company
How to File a Complaint Against an Insurance Company
If you live in the great state of New York and have had problems with an insurance company, broker, or agent, then you are entitled to file a complaint against that person or company and have your voice heard through an official way. It is important to understand that you have rights in this country and that if you have been mistreated or misled in one way or another, then you are certainly entitled to tell someone about that in an official manner and have your problem resolved.
The best way to file a complaint is to do it online through an Online Consumer Complaint form. This form will entitle you to a file number and confirmation code which tells you that you are officially on the list to have your case heard by someone with authority. In that complaint form it is very important for you to describe the complaint and situation in the best manner possible. Any evidence that you have about your problem must be submitted in this form and will be used as a part of your case. If you have documentation that shows the problem, then you must submit it with your complaint forms. Things such as pictures, documents and faxes are certainly considered good pieces of evidence for people to use when filing a complaint. You can either turn your form in online or you can mail or fax it to the people in charge. You can find all of those phone numbers online. It is, however, suggested that you file your complaint online because the process will be much faster on your end. This also saves you the time of physically mailing the complaint and the money that it will cost you to mail that complaint. It is also noted that files that complaints that are filed online receive immediate attention from the department and will be dealt with much quicker than those sent in the mail.
Like mentioned before, the complaint must be very detailed and include all of the information necessary. You must not only include all of your information but also all of the information of the person or company who mistreated you. If you are having a hard time figuring out how to write a proper complaint, you should ask someone you know to help you. Do not wait to file a complaint if you have been mistreated. File the complaint and then get a new insurance company
The best way to file a complaint is to do it online through an Online Consumer Complaint form. This form will entitle you to a file number and confirmation code which tells you that you are officially on the list to have your case heard by someone with authority. In that complaint form it is very important for you to describe the complaint and situation in the best manner possible. Any evidence that you have about your problem must be submitted in this form and will be used as a part of your case. If you have documentation that shows the problem, then you must submit it with your complaint forms. Things such as pictures, documents and faxes are certainly considered good pieces of evidence for people to use when filing a complaint. You can either turn your form in online or you can mail or fax it to the people in charge. You can find all of those phone numbers online. It is, however, suggested that you file your complaint online because the process will be much faster on your end. This also saves you the time of physically mailing the complaint and the money that it will cost you to mail that complaint. It is also noted that files that complaints that are filed online receive immediate attention from the department and will be dealt with much quicker than those sent in the mail.
Like mentioned before, the complaint must be very detailed and include all of the information necessary. You must not only include all of your information but also all of the information of the person or company who mistreated you. If you are having a hard time figuring out how to write a proper complaint, you should ask someone you know to help you. Do not wait to file a complaint if you have been mistreated. File the complaint and then get a new insurance company
Have You Been Mis-Sold PPI - 4 Key Indicators
Have you been sold PPI that was not right for you?
In order or begin a claim you will need to state your policy type, which will include the lender name, policy number, the date it started and the monthly payment for the loan and PPI. Other key features that will be known will be how the PPI was sold to you, whether you are up to date and whether you bought it through a broker or direct.
Already you will see a large amount of info is required.
There are a number of key questions which will determine whether or not the policy you took was mis-sold.
1. Was the PPI sold without your knowledge. If so, this is a key sign of mis-selling. You have to know that you are taking a policy to be bound by it.
2. Did you request PPI. If you did this is potentially a problem against a good claim. If not then you have a potential claim.
3. Was it made clear that the policy was optional? If not then again this is a good clue to having a winnable claim. It is always a case that the policy should be optional.
4. Did you feel pressurised into taking PPI? Again if this is answered in the affirmative, you will probably have a claim for a repayment. Nobody should feel that they have to take the policy.
These are the first four indicators of a PPI claim. Look out for more in this series. If you feel you have been mis-sold your policy take proper professional advice
In order or begin a claim you will need to state your policy type, which will include the lender name, policy number, the date it started and the monthly payment for the loan and PPI. Other key features that will be known will be how the PPI was sold to you, whether you are up to date and whether you bought it through a broker or direct.
Already you will see a large amount of info is required.
There are a number of key questions which will determine whether or not the policy you took was mis-sold.
1. Was the PPI sold without your knowledge. If so, this is a key sign of mis-selling. You have to know that you are taking a policy to be bound by it.
2. Did you request PPI. If you did this is potentially a problem against a good claim. If not then you have a potential claim.
3. Was it made clear that the policy was optional? If not then again this is a good clue to having a winnable claim. It is always a case that the policy should be optional.
4. Did you feel pressurised into taking PPI? Again if this is answered in the affirmative, you will probably have a claim for a repayment. Nobody should feel that they have to take the policy.
These are the first four indicators of a PPI claim. Look out for more in this series. If you feel you have been mis-sold your policy take proper professional advice
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