Family Insurance – Protecting Your Greatest Asset

With so many different types of insurance now available, it can be difficult for some family’s to know which coverage they must have, versus which ones they should have.

Here are a few tips on choosing the right insurances for you and your family:

-Think about your needs.
-Consider your budget.
-Think about future changes to your family.
-Consider what would happen to your family if you didn’t have a certain type of insurance.

Once you’ve considered what your family’s needs are, it’ll be easier to decide which types of insurance are necessary. Here are a few of the most common insurance policies today’s average consumer should consider:

Health Insurance:
No one can dispute the need for good quality health insurance these days, especially if you have children. The most common types of health insurance these days include:

HMO Plans – the most restrictive type of health coverage, HMO’s are also the cheapest for both the employer and the employee. These plans require participants to see only approved physicians. Specialists may be seen with a referral from your Primary Care Giver. Co-pays are relatively low, with virtually no deductibles on basic services.

PPO Plans – is a combination plan, which works like an HMO, but allows patients to see any physicians they choose whether they participate in the plan or not, at an increased fee. Many people like the flexibility and options with this type of plan, however premiums are usually much higher and deductibles can reach 20% when seeing an out-of-network provider.

Indemnity Plans – work very much like old-fashioned insurance policies. A patient sees any doctor they choose without a referral or pre-approval, but is responsible for 20% of the fee. Clearly the most versatile type of policy, it is also the most expensive, both in the case of premiums and deductibles.

Automobile Insurance:
If you own a car, you are legally bound to cover every driver in your household with collision and liability insurance.

Disability Insurance:
How would your family pay the bills if you were taken ill or injured and were unable to work for an extended period of time? Many employers offer short and/or long term disability insurance policies, but many do not. In the event that you are left unable to work due to medical circumstances, short term disability coverage will pay you anywhere from 60-100% of your current salary (depending on the policy), beginning 30-60 days after your injury, for a period of 3-6 months.

Long-term disability insurance is just that – insurance for longer illnesses and injuries. Once your short-term disability coverage expires, long-term disability benefits will enact until you return to work. This is not the same as government disability benefits that some people with permanent disabilities may qualify for. Be sure t check with your employer to see if they offer these types of benefits. If not, you may want to consider purchasing your own policy, especially if you are a sole breadwinner or work at a high-risk job.

Dental/Eye Coverage:
While dental and eye coverage used to be a normal benefit for most fulltime employees, this is no longer the case, leaving some employees solely responsible for taking care of their family’s dental and eye costs. These types of policies usually cap at a certain amount and only offer coverage on certain procedures. Still, they can be beneficial to those without enough income to handle these unexpected costs.

Homeowner’s/Renter’s Insurance:
If you own your own home, your mortgage company required you to carry enough insurance to cover the cost of the mortgage should your house be destroyed in a fire. But, what id you rent? Your landlord has coverage on the building, but you are responsible for covering your belongings. Fairly inexpensive, renter’s insurance covers the cost to replace your furniture, clothes, appliances, personal items and displacement costs in the event of an apartment fire.

Life Insurance:
It’s not always easy to consider your own mortality, or that of your spouse or children. But, accidents and illnesses do happen and people die. Life insurance for adults is meant to help your family continue to pay the bills in the event of your death and the loss of your income. Insurance for children is meant mainly to cover funeral costs and is a good idea for lower income families who would be financially burdened by these costs in the event of a tragedy.

As you can see, there are many different types of insurance to consider. Check with your agent to see which policies are right for you.

Home and Contents Insurance UK

 House insurance, also commonly called hazard insurance or homeowners insurance is the type of property insurance that covers private homes. It’s easy to think that bad things happen to other people and not ourselves, but the facts suggest that isn’t a risk we can afford to take.

In the UK, one in three of us will get burgled at some point in our lives yet about a quarter of households are not protected by any form of home insurance. With other unfortunate occurrences such as flood/storm damage, fire and more, threatening our homes and their contents, by not having insurance we are leaving ourselves open to serious financial loss.

We specialise in cheap home insurance London. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of its use, or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home. Buildings insurance covers damage to your property and the fixtures and fittings of your home. Contents insurance covers all your worldly goods.

The most important factor when insuring your property is to cover the full rebuilding cost and not the market value. The land under your house is not under threat from theft, storms and fire and as the land is normally about a third of the total property value it is important to make sure you cover rebuilding costs rather than market value.

If you are looking for cheaper landlords insurance, then we have the answer and can offer you a great product at a very competitive price. Why not simplify your life and put all your property insurance under one roof, with generous discounts.

Why Choose Liability Insurance

We were required to carry basic liability insurance, which had gone unpaid and lapsed, for starters. There are a number of liability insurance programs to choose. From a professional prospective, you should also obtain some level of PLI (Public Liability Insurance), as a business within the UK it is a requirement to have some minimum level of insurance cover in order to protect you in the event of causing harm to a third party through accident or neglect.

Other costs that you will need to consider are cell phone, internet access, general liability insurance and supplies. While many charter companies offer insurance that will cover a certain amount of damage, you should consider taking extra charterer’s liability insurance, usually costing approximately $250 for $1m cover. It will be advisable for both parties to have general liability insurance too.

It is better that both lessee and lessor have general liability insurance. Minnesota recognizes an indemnity bond, liability insurance policy or letter of credit from a financial institution. An in-home daycare is an insurance liability as well; so many landlords will not allow one in their property.

You most likely will need 100K-liability insurance. YOUR GROUP’S LOGO HERE I wanted to write to you and personally thank you for your assistance in finding us the lowest liability insurance rate for our car wash fundraiser. Due to the nature of the martial arts industry, you may be required to pay a higher fee when it comes to liability insurance.

He/she may very well believe in VBACs, but their liability insurance company or even the hospital’s insurance company may not permit them to offer VBACs. If, on the other hand, you are young, just starting out and still don’t have much in the way of health and liability insurance, you will want to protect yourself, your family and your future by carrying as much insurance as you can afford.

Online Insurance
There are actually two ways that you can apply for Florida health insurance online. The main reason that a lot of people do not apply for Florida health insurance online is that they are not sure how this process works. While many people have reported substantial savings purchasing auto insurance online, it is critical that you purchase your insurance from a reputable insurance company.

When buying car/auto insurance online, there are sites that provide automated tools. Also purchasing travel insurance online works out cheaper than through an agent, as you don’t have to pay agents, but you need to be fully aware of your requirements. As for the drawbacks to purchasing auto insurance online, there are so few.

Selling life insurance online is not the same as selling in an office. Keep your mileage low: Lesser your annual mileage is, lesser you pay on your auto online insurance. Finding cheap California automobile insurance online can be significantly easier than completing the process in person, because rates can vary wildly between different companies in California.

There are several online insurance portals that offer to give you an annuity quote instantly. Dealing with the online insurance broker was a simple task, but I soon discovered that they were an extra step in the application process, one that only slowed down our approval. Car pooling once in a week is another thing advisable to qualify for your mileage discounts on car online insurance.

Clearly state out your details: By providing proper information about your marital status, miles covered annually, car’s safety features you will reduce the probability of insurance company defaulting on your auto online insurance quotes and charging high rates. Our keyword research for this industry finds that ‘travel insurance online’ has just over 10,000 total keyword searches for the month (total of all 3 of the major search engines).

Report Card For The Fair Credit Reporting Act

“It is the purpose of this title to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this title.”

In the words of the U.S. Congress, the previous paragraph is the purpose of the Fair Credit Reporting Act (FCRA). In short, the Fair Credit Reporting Act is designed to help protect consumers against unfair practices within the credit reporting system.

While the mission of the FCRA was a noble one, a quick look around today’s credit society shows the results have fallen well short of expectations. What follows is how the FCRA has failed to produce a fair credit system for today’s consumers.

Detailing the Failures of the Credit Reporting System

1) Accuracy – It is well documented that credit reports contain errors but it bears repeating. Recent studies show that almost 80% of all credit reports contain factual errors such as duplicate listings, incorrect dates, tradelines placed on the wrong person’s credit reports, and omitted positive credit accounts.

These studies also indicate that 25% of credit reports containing errors significant enough to result in a credit denial.

How fair is a credit system that can cause a person to get declined for a loan or force them to pay higher interest rates than are necessary based on their actual credit risk? True, you have the right to dispute these inaccurate items with the credit bureaus, but this chore is not necessarily easy or foolproof. Depending on the nature of the erroneous items on your credit reports, credit repair can be a frustrating and time consuming ordeal that you are forced into because of no fault of your own.

2) Relevancy – While they do not say it directly, the credit bureaus’ creation of the VantageScore is evidence enough that the current FICO based credit scoring models are not as relevant as they could be. According to Experian spokesman Donald Girard, the VantageScore is “the most sophisticated, highly predictive scoring model that’s available in the marketplace” and as a consequence the much more popular FICO score is less predictive.

One of the flaws in the FICO score that the VantageScore tried to fix is the impact that very old credit accounts have on the credit score. According to Dr. Bonnie Guiton Hill, advisor to President Bush on consumer affairs, “it is our understanding that computer models that predict credit worthiness find most information that is more than two years old nonessential.” This is why newly created scoring models like the VantageScore are beginning to ignore credit information that is over three years old. It does not serve to accurately determine your credit risk.

So why have lenders been so slow to adopt scoring models such as the VantageScore? They claim it is because FICO is ingrained in the current credit system and has stood the test of time. A more cynical answer is that these lenders are not willing to sacrifice the huge profits they make from charging higher interest rates on loans granted to people who are a relatively low credit risk.

Of course, this cynicism is not simply the result of a general and unfounded grudge. It is born from the observation that seemingly every quirk and inconsistency in the credit reporting system falls in favor of the lenders. For example, when looked at logically, it makes sense to close unused credit cards. Not too long ago, financial experts suggested people do exactly this to make your credit score look better by showing your lack of need for unsecured credit.

But now we know that closing those accounts can actually lower your credit score because FICO rewards you for having multiple accounts and a large amount of credit at your disposal. So while closing accounts seems to be the financially responsible thing to so, it is probably more than an odd coincidence that this behavior which makes you a less profitable consumer for banks and credit card companies it punished by FICO.

The same goes for paying off installment loans early and voluntarily lowering credit limits. Both of these actions seem inline with what we would expect from the ideal consumer, but neither will have a positive impact on your credit score. Early payment of installment loans, another common goal of a financially responsible consumer that diminishes the profits of lenders, is not noted on your credit reports. And contrary to what you would think, lowering credit limits would lower your credit score because as alluded to above, you are rewarded for having multiple credit accounts and lots of credit at your disposal.

But by another quirk of the FICO credit scoring model, you are rewarded for having multiple credit accounts, but you are punished for seeking new credit. Consumers are told that inquiries are added to your credit reports each time you apply for credit so other lenders can see that you may be overextending yourself or crashing. But isn’t it convenient that inquiries will lower your credit score at the exact time when you are looking to qualify for new lines of credit? FICO wants you to have multiple lines of credit, but in trying to appease the scoring model, you will temporarily lower your credit score allowing lenders to charge you higher interest rates.

It seems no matter what you do, the deck is stacked against the consumer.

So while the VantageScore is a step in the right direction, it is still a long way from producing truly relevant results. This is because the VantageScore maintains many of the same scoring quirks exhibited by FICO and still uses the same basic, and very limited, variables for determining your credit score such as payment history, amounts owed, and length of credit history.

Your credit score is found by taking these variables as recorded in your credit reports, plugging them into a predictive model, and calculating a single three digit number. A late payment for example will be entered into the formula and will lower your credit score a set amount based on the amount of time it was late and how long ago the late payment was reported.

The fundamental flaw in this model, however, is that there is no accounting for why the payment was late. Whether you were late in making a payments because the lender did not send you a bill, because the bills were sent to the wrong address, because you wrote the wrong amount on the check, because your checks bounced, or because you blew all your money on illegal drugs; it is all the same in the eyes of the credit scoring model. Even if you have a sloppy lender to blame for your late payments, your credit worthiness in the eyes of lenders will be the same as a person saddled with a serious drug addiction.

3) Proper Utilization – Given how common it is for a credit score to be a gross misrepresentation of a person’s credit worthiness, it could be argued that the pervasiveness of credit scores in the financial market is improper. But in today’s society, the use of credit scores goes well beyond determining loan amounts and interest rates.

Employers, landlords, insurance companies and others may request to see your credit score. In today’s society your ability to get a certain job, rent an apartment, or qualify for reasonable insurance premium can all be dependent on your credit score.

Improper is a subjective term, but being passed over for a job because of completely irrelevant and possibly inaccurate negative credit items in your credit reports that are plugged into a flawed credit scoring model to produce a credit score that is not indicative of your actual credit worthiness fits the bill.

The FCRA Made Improvements, but there is Still a Long Way to Go

The FCRA’s failure to produce a system where the “accuracy, relevancy, and proper utilization” of your information is protected has resulted in a credit reporting system that is hardly “fair and equitable” to you as a consumer. But in defense of Congress, the FCRA has been heavily influenced by deep-pocketed industry lobbyists. In fact, when the FCRA was originally passed in 1971, Senator William Proxmire, one of the bills primary sponsors, felt defeated at what had become of his original intentions for the bill.

Since that time, the FCRA has been amended to become more and more consumer friendly, but there is still a ways to go and as was the case in 1971, those in the credit industry are still keenly interested in maintaining the status quo.

While the credit bureaus are no longer able to record information about you such as your ethnicity and religion, they also are not required to collect other personal information that is relevant to your credit worthiness. If you are a model citizen who has worked with the same company for 10 years, has a perfect criminal record and makes more than enough money to cover your expenses, it is fairly obvious that you are more worthy of credit than a career criminal who is a continual burden on the system. But none of this information is recorded by the credit bureaus or used when calculating your credit score. If you and the career criminal have the same types of accounts on your credit reports, your credit scores will be the same.

Also, while you now have the ability to see what information is contained within your credit reports, you do not have the ability to learn any more than the very basics of how this information is used to formulate your credit score. What impact will paying off a past due debt have on your credit? Which credit cards should be paid down first? What effect will shopping for a new loan have on your credit score? We have vague, observation based answers for these questions, but the exact formula is unknown and is subject to change at any time.

Finally, you have the right to dispute the questionable items in your credit reports, but you don’t have the right for this process to be easy or necessarily effective. Depending on your unique situation, credit repair can be as easy as submitting an online form or as difficult as tracking down creditors, fighting with collections agencies, and possibly involving legal intervention. The very entities who profit most from inaccurate credit reporting are the ones who played such a big role in watering down the FCRA and continue to resist consumer attempts to add equity to the credit system. It is these entities you are forced to contend with when working to enforce your right to a fair and accurate credit report.

Landlord Home Insurance: Live In Peace

If you have given your home on rent, then you should seriously consider buying a landlord home insurance policy. Landlord home insurance is something a person to consider buying even as early as when they are considering the purchase of a property. Landlord home insurance or buy-to-let insurance is a combination of covers packaged together by insurers to provide with the essential components to ensure that their investment is adequately protected and secured.

All types of landlords require insurance for their properties. From the landlord who has given a single flat for rent or to the entrepreneur who has given a large portfolio of property on rent, a significant amount of money is tied up to the property. So with a landlord home insurance policy, you can be secured that even if anything happens to your investment, you can conveniently handle those without spending much from your pockets.

The following are the basic covers of a landlord home insurance policy:

• Property insurance: The building of your rented home is insured against most risks such as flood and fire for the cost of repair or rebuilding. Even you can pay a little extra and cover risks such as terrorism or subsidence. This cover of landlord home insurance policy will provide security for your garage sheds etc.

• Contents: It is important to keep in mind that when you buy this cover, you are proving protection to the belongings of your tenants. This cover is more profitable, if you provide your tenants with a fully furnished home.

• Liability: As a landlord, you are responsible for the safety of the property that your tenets are living in. If a tenant harms himself due to something dangerous in your property like faulty switch etc; then you may get trapped in some legal hassles. With this cover of landlord home insurance, you can easily handle these hassles.

Before divulging to buy a landlord home insurance policy, you should undertake a thorough research of the insurance market. You should collect various quotes and compare them to locate the best landlord home insurance policy. Now, with internet facilities, you can easily search and locate a landlord home insurance policy. You just need to sit in front of your PC and later buy the insurance that suits your needs.

Renters Insurance: Things to Consider

Many people who live in rental house or apartment don’t realize the necessity of renters insurance. And renters insurance sometimes can be confusing. The following are the basics of renters insurance to describe it in simple way.

Do I really need renters insurance?

Landlord’s insurance doesn’t cover renters belonging. Landlord’s insurance only covers the building that you live in; there is no coverage for your personal belonging. Most renters insurance offers full coverage to protect your possessions from flooding, fire, theft, vandalism and many other types of risk. Therefore, it is advisable to have a separate renters insurance to protect your belongings from damages and losses. Renters insurance even claims for the injuries caused to the people who visit your home.

Renters Insurance Coverage

There are three kind of coverage provided with renters insurance:

• Renters insurance covers all your possessions from various disasters. It claims your possessions from damages or loses like fire, theft, accident, vandalism, windstorm, etc. Renters insurance doesn’t cover damage caused by earthquakes or floods. If you live in the places where regular floods or earthquakes occur, then you need additional insurance to cover those disasters. There are also limits on coverage for expensive items like jewelry, silverware and antiques.

• Loss-of-use coverage. If your residence becomes unlivable for any reason, most renters insurance will allow additional living expenses. Meaning that your insurance will pay for your hotel room and any others expense you may have if your residence become unlivable.

• Personal liability coverage. It will protect you in the event that you are sued due to an injury incurred by someone while visiting your place. It also covers related damage and relevant legal costs. The minimum for such renter’s insurance policy is usually $100,000 and will cover injuries or damage that is occurs while at your place or that is caused by you, your family or your pets.

How much coverage do I need?

You need enough personal property coverage to pay for all your possessions if they are destroyed, and enough liability insurance to cover all your assets if you’re sued. It’s a good idea to make a list of all of your possessions when purchasing renters insurance. On this list you should make note of the prices you paid for the items or their replacement cost and use the total value as your coverage amount. The total your assets (bank accounts, stocks, bonds, etc) and make sure you have enough coverage to protect them.

Renters Insurance Cost.

Renters insurance is actually inexpensive, especially if compared with homeowners insurance. The cost of your renter’s insurance coverage depends on many factors, like the place you live, your insurance company, your deductible, etc. It can cost as little as $16 a month for $20,000 worth of personal belongings coverage and $300,000 liability coverage. Your insurance company may offer a discount if you put safety measures like fire alarms, fire extinguishers or burglar alarms in your residence.

There are many online insurance website where you get various quotes from various insurance companies. However, the best place to get inexpensive renters insurance is at online insurance comparison website. You will get quotes from different companies by filling out a questionnaire with information about your residence and the amount of insurance you want. This even allows you to talk with professionals online and get answers to your questions.

Why you should have renters insurance – Part 1

You’re young and have just moved into your first apartment. You don’t have a lot of personal property: your television, a kitchen table and some chairs, your computer, a little bit of furniture in your living room, and your personal stuff in your bedroom. No need for you to get renter’s insurance, right? I mean, it would just be a waste of money and you don’t have that much to begin with. You don’t really need insurance until you’re a home owner. Right?

Wrong! For one thing, although it may not seem like you have that much money tied up in your meager belongings, look at it from another standpoint. If you lost everything in a fire, for example, how much would it cost for you to replace everything you own? Let’s start in the kitchen: even if all the appliances are owned by the landlord, you still have plates, silverware, glasses, coffee cups, cookware, your microwave, etc. Even if you’re living on a shoestring, you’ll have some sort of kitchen table and chairs, probably a coffee table and or some end tables in the living room, maybe a desk, and a couple of chairs or maybe a sofa.

Even in your bedroom and bathroom there’s more money than it seems. You have a bed, a dresser or chest of drawers or armoire, your clock radio, shoes, clothes, towels, sheets, blankets well, you see where I’m going with this. If you truly had to replace everything you own, you would be out some money probably more than you have; certainly more than you want to spend.

Even if you don’t “plan” to have anything happen (I love that terminology: and I have actually had people tell me they don’t “plan” to need insurance when I worked in an insurance agency), you should be prepared. You may be very careful and never have a grease fire, but what about the neighbor? Fires often spread quickly through apartment complexes. You could be an innocent victim.

But property damage is only part of the coverage under your renter’s insurance. Let’s say a fire does damage or destroy your apartment. Where are you going to live? Did you know that renter’s insurance will probably cover “loss of use” a provision that will pay (or at least help pay) for alternate living until your place is repaired or you are able to relocate?

Another coverage provided by your renter’s insurance is liability insurance. Let’s say your friend comes over, slips on your area rug, falls and cracks his head open on your coffee table? What if he doesn’t have any health insurance? What if he does have health insurance, but his insurer comes back to you because the feel you’re liable for his fall? Do you have the money to pay for his medical bills? Even if it’s not your fault, can you pay to go to court? Your renter’s insurance will provide coverage in the event you are liable for damage to someone else’s probably or responsible (directly or indirectly) for injury to another person. There may even be medical payments coverage that can be used should someone be injured in a way you feel morally responsible for, even if you’re not legally responsible.

Check into the cost of renter’s insurance in your area. You may find you can get a policy for less than you expected. And most likely, you can pay for it quarterly or even monthly, so it’s not so hard to afford it. Compare the cost of the insurance to the cost of replacing your property, paying to stay somewhere else while your apartment is uninhabitable and/or the cost of being sued for damages or injuries to others that you are responsible for. The premium is far more than you stand to lose. And the peace of mind that comes from knowing that paying for these contingencies doesn’t have to come out of your pocket is priceless.

Why Proper Maintenance is Essential for Property Owners

Maintaining your investment property in good condition is not just a matter of aesthetics. Property kept in good condition is easier to let – and tenants are likely to be retained for longer.

There can also be a direct impact on rental values; you may not be able to charge “Westminster” rents in Worthing, but a well-maintained property can be priced at the highest level local conditions allow.

But there are other reasons to ensure that your property is kept in good order. For example, when applying for a “Houses in Multiple Occupancy” (HMO) license the authorities are more likely to look kindly on your application. It will also be easier to demonstrate that your property is compliant with building and fire regulations now that Fire Certificates are no longer issued by the Fire Brigade.

The Regulatory Reform (Fire Safety) Order 2005 imposes strict duties on the “responsible” person (often the property owner) to ensure a risk assessment has been undertaken by a “competent” person and an emergency action plan instituted. It applies to virtually all premises including:

• offices and shops;

• common areas of houses in multiple occupation;

• pubs, clubs and restaurants; and

• factories and warehouses.

Purely domestic premises occupied by a single family group are excluded.

Because fire inspection and certification no longer take place on commercial premises, additional steps should be taken by property owners (and, in many cases, by occupiers) to ensure premises have the fire risk they present properly managed. If a property burns down causing injury or loss of life, the owner will not be able to escape responsibility. They could be held to be negligent by failing in their statutory duties.

Landlords’ Legal Responsibilities

Unless another party has accepted responsibility in writing, property owners are legally responsible for the safety of people occupying or using their premises. Where there is a full repairing lease then it is possible that the lessee will be held liable for any injury caused to people (or damage to their property) as the result of negligence in property maintenance.

However, it is seldom possible completely to avoid responsibility as a property owner. Even where a repairing lease is granted, the owner may be liable under certain circumstances. It could be decided that the property owner has failed to ensure that the premises were properly maintained in line with the obligations imposed by the lease. An example of this might be where the property let was next door to premises occupied by the landlord, who could easily see that it was in disrepair but did nothing about it.

And, of course, if a property is empty for any period, the landlord could well find that he or she is responsible by default. If premises are not properly secured then minors, to whom a duty of care is absolute, might gain access. If they come to harm, the property owner may be strictly liable for injuries sustained.

How can landlords reduce the financial risk?

Besides taking steps to ensure that property is properly maintained, the landlord or property owner should ensure that public liability insurance is in place. That way, in the event of alleged negligence, the insurance company will step in and handle any claims.

Of course, the policyholder is not absolved from the need to take due and proper care, but if this has been done to the best of the landlord’s ability, then at least no financial penalty should be suffered. Specialist landlords insurance generally provides property owner’s liability cover of at least £2 Million indemnity for any one incident. However, with ever-increasing legal costs many suggest that £5 Million is the minimum limit that should be selected. It is wise to seek specialist advice from an insurance broker who can recommend appropriate cover and provide guidance on risk management.

Where to Get Cheap Renters Insurance in Seattle

Looking for renters insurance in Seattle? Want to know how to get cheap renters insurance with a top-rated company? Read on …

What does renters insurance cover?

If you were to have a fire or a burglary in your home your landlord’s insurance would not pay to replace your possessions. You need renters insurance to cover them.

Renters insurance covers your personal possessions against damage due to vandalism, theft, fire, and water damage. It also pays for damages if you are held liable for injuring another person or damaging his or her property.

Expensive items such as jewelry, furs, firearms, coin collections, securities, and silverware may have a coverage limit, so you may need to get a rider or a separate policy to cover them.

How much insurance do I need?

Your personal possessions may be worth more than you think. The average person in the U.S. has more than $21,000 worth of personal possessions.

To figure out how much renters insurance you need, go through your home and take inventory of everything you own including how much it’s worth. Total up the value of your possessions to get the amount of renters insurance you need.

You may also want to take photos of your possessions to document them if you need to make a claim. Keep your inventory and photos in a safe place such as a fireproof safe or safety deposit box.

Where can I get cheap renters insurance?

The easiest way to get cheap renters insurance is to visit an online insurance comparison website. There you can get multiple quotes from a number of A-rated insurance companies and choose the cheapest one.

A few of these websites even have a toll-free telephone service and an online chat service where you can get answers to your renters insurance questions. (See link below.)

Visit or click on the following link to get cheap renters insurance quotes in Seattle from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section.

8 Reasons Why You Might Consider Buying Whole Life Insurance For Children

There is more than one way to financially insure your children. Whole life insurance for children is one of them. Here are 8 reasons why you might consider buying whole life insurance for children.

Reason #1: Your child gets assured future insurance.

Child life insurance assures that your children will have life insurance cover for the rest of their lives. Events such as an accident or an illness could make life assurance too expensive or possibly unavailable in maturity. If the life insurance premium payments are kept up to date, the child life insurance policy cannot be annulled even if health issues do occur later in life.

Reason #2: Your children get insurance protection for their whole life.

Buying child life assurance for your children or grandchildren may give them insurance cover for their whole life. The children can also change the policy to any level premium whole life insurance policy before the child life insurance policy finishes. They may do so without having to establish that they are in excellent health.

Reason #3: Child life insurance can be term life or whole life insurance.

You can use a term life insurance policy to create resources for your children until they reach maturity. You will pay a larger premium over a shorter period of time for a term life insurance policy. These policies can remain active for up to 15 years.

A whole life insurance policy includes a substantial savings component. You can pay the premium over a longer period of time. The cash value assists you and your child in saving for future costs. You may utilize a whole life insurance policy to cover occurrences such as an illness or a college education.

Reason #4: Parents usually buy these policies for the benefit of their children.

Child life insurance policies are aimed particularly at the requirements of children and their caregivers. Child life insurance may be promoted to adult life insurance without further medical assessments.

Reason #5: The insurance money may be helpful if a child actually dies.

The likelihood of a child dying is smaller when compared to the risk of an adult dying. However, the insurance money may be used for a funeral service or possible counseling sessions should a child pass away.

Reason #6: Child life insurance initiates without delay.

Child life insurance policies only require a simple health examination. You may obtain child life insurance at a minimal cost while your child is still young and healthy. Life insurance may become very expensive to get a hold of should your child develop a chronic disease or other serious disability.

Reason #7: Grandparents and legal guardians can buy child life insurance policies.

These people may help new parents who struggle with serious financial obligations during the first few years of their child’s life. Financially established grandparents and legal guardians can then buy life assurance for their grandchildren.

Reason #8: Child life insurance for babies is also available.

The most life assurance companies will let you purchase a policy for a child who is between 15 days and 15 years old.

That was 8 reasons why you might consider buying whole life insurance for children.