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Archive of posts published in the category: personal

Complete Tips and Guide on Small Business Medical Insurance

Purchasing small business medical insurance is a thing that you might need to consider. Even though your company is not off the floor and operating yet, eventually you’ll need to consider it. In the end, it’ll be challenging to use workers if you fail to provide them your small business medical insurance plan. So with that being said, gathering lots of information and facts about small business medical insurance can be something that you need to perform immediately. Like mentioned previously, prior to being even prepared to invest in you need to begin investigating the industry. This tends to provide you with the information you’ll want to increase the risk for excellent choice ultimately.

So, just how would you like to learn more on small business medical insurance? The most effective way to do this is certainly on the internet. Certain, you are able to call an agent. But if you’re just in the details gathering stage you’ll be greater off trying to find small business medical insurance on the web. By doing this you are able to spend some time when obtaining the data, without having to concern yourself with an agent promoting you a specific thing.

You ought to be searching for almost any and each details that you may discover. And don’t forget, you need to write down most of the details that you simply obtain. By using this method when it does come time for you to purchase you are able to just look back at the records and move ahead.

As we discussed, purchasing small business medical insurance is very essential. It will not only help with keeping your workers satisfied, however it will likely maintain them healthier and balanced. As well as on top of all of that, you’ll also reach to reap some benefits from the small business health insurance plan that you really invest in. So begin your research quickly, and then spend some time determining what you would like to purchase once the moment arrives. Should you choose those two things you may finish up having a small business medical insurance strategy that both you and your staff is very pleased with.

What types of Small business Medical insurance is most beneficial?

The real big difference is when you’re purchasing a small business health insurance plan you might be don’t handling individual policies. You’ve currently joined the field of team policies plus they frequently vary a great deal out of your conventional personal policy.

The leading advantage to team policies is the fact that you will find usually zero limitations on who is able to be protected under the policy. This particular works in the worker’s benefit should they have experienced prior health problems or perhaps a surgical treatment previously that could cause them to become ineligible to have an individual policy. This kind of advantage doesn’t arrive without its expenses nevertheless, and frequently the employer must match minimal specifications to actually be regarded for a team policy.

Due to the …


Taking Advantage Of The PDIC Insurance

The Philippine Deposit Insurance Corporation or PDIC guarantees every bank depositor that their deposit is insured if and whenever a bank goes under up to a deposit of P250,000 or its equivalent in dollars. How do we take advantage of this? By investing in rural banks and thrift banks that offer interest rates far beyond what current and more well know commercial and savings banks are offering.

In our present business environment, loan rates have taken a big dive down which means those looking to take out a loan whether being it housing, car, equity or personal loans are at an advantage in our current situation. But since loan rates have gone down, deposit rates have also taken a big nose dive. Top commercial banks have already taken steps to reduce a normal savings account rate from the previous 1% pa to 0.75% pa and time deposit rates are at an all time low. Even savings banks have adopted this trend of lowering rates. Bad news for retirees and people who rely on time deposit interest to pay for their monthly expenses such as food, utilities and other expenses.

This is where investing in rural banks and thrift banks becomes very attractive. Some offering as high as 16% pa or double your money in 6 years in which monthly interest rates are credited to a savings account which can be withdrawn anytime. But before you go rushing out and placing your entire life savings in these banks be warned. Most of these banks have names you probably have never heard before like rural bank and thrift bank of so and so, usually a name of a city or province in the Philippines. And these banks have a high risk of going under. This is where the PDIC insurance of P250,000 comes in handy.

Having experienced getting my money from PDIC, from banks that have closed before. I'm in the position to say that the trouble is worth the returns you are getting. I got my money from a closed bank in about 2 weeks from PDIC. Just make sure your total deposit at any given time in a thrift or rural bank does not exceed 250k. If you have lots of money do not forget to diversify them in different thrift and rural banks, each not exceeding the PDIC limit. And make sure that the banks you are depositing into are really PDIC insured which can be verified by a quick phone call or by visiting the PDIC website. Lastly, read lots of news papers or browse the website of the PDIC to keep yourself up to date on what is the current state of the banks you have your money deposited in. …


Manage Your Money Flow

Managing your money flow is the second step of building your financial house. It is like building the frame that the rest of the home will be built around.

The concept of managing your money flow is basically making sure that your inflow of cash is less than your outflow of cash. This process is called budgeting. When you create and follow a budget, you are living within your current means and you will avoid accumulating new debt.

When you take the time to create and follow a budget, you begin to see where your money goes each month. Armed with that knowledge you can cut back on some of those wasteful spending habits and free up money to start moving towards your goals.

Managing Your Money Flow Will Help You Reach Your Financial Goals

When you follow a budget, you can allocate money to reaching your financial goals. Maybe you want to save for things like retirement or a down payment on a house. Perhaps you want to start saving money to start that business you’ve been dreaming of. When you follow a budget, you have a plan to get where you want to go. When you have a goal and plan to reach that goal, your chances of getting there are exponentially increased.

Managing Your Money Flow Will Prepare You for Future Wealth

If you are always running out of money with your current income, chances are that you will have the same problem even if you earn more. Statistically, the more money you earn, the more money you’ll spend. This is called Parkinson’s Law. If you do not learn to manage what you have now, earning more money will not solve the problem.

Don’t be fooled by appearances. Many of those high income earners are broke. All of their income is going to pay for their big mortgage, the credit card bills, and the car loans. They are just broke at a different level.

Managing Your Money Flow Will Teach You Discipline

Wealthy people understand the importance of managing their money. They exercise self-discipline and they save up for purchases and earn interest on their savings while they do it. Broke people tend to go for instant gratification and buy things on credit. Often, whatever they buy ends up costing them twice as much by the time they finish paying for the credit card bill.

In the long run, saving up for purchases will actually allow you to buy twice as much stuff compared to buying with credit.

Alternatively, you could have the same amount of stuff, plus build up a big investment account on the side with all the money you save by not paying interest on debt.

Managing Your Money Flow: Conclusion

Over the years of working in the financial industry I have actually met a lot of low income earners that had higher net worths than many doctors and lawyers. This is simply because they managed their money well and allocated a portion each …


Business Contents Insurance – Protecting What You Use to Run Your Business

Many business owners want to protect their business against loss and taking out business contents insurance is a large part of that. On top of Building insurance and also protection from liability the addition of contents insurance is going to cover the items that you need to run your business from day to day.

Contents insurance will protect and movable items that you need to do business this can include things like computers, machinery and other pieces of equipment. You will be protected against things like fire and theft and depending on your policy it may also extend to cover things that are not always used on your promises like employee computers, and other tools. There are also policies that will include specialized uniforms.

If you are running your own home business then you need to be particularly careful if you have any existing insurance policies that cover you and your beloveds personally. Many of your personal policies will not automatically cover items in your home that are deemed specifically for business use. In most cases you can make a simple phone call to your insurer to have your cover extended for your home business.

Although contents insurance is extremely important is another business expense that you will have to bear, there are several ways to make your insurance cheaper. The easiest way to do this is to bundle your insurance together to cover both your property and the contents. You can find a range of home contents and business contents insurance policies that will give you a more favorable rate. In addition you will pay less to your insurer if you can show that you are taking effective measures to guard against damage and theft. This is primarily done through the installation of a security system or other similar measures …


Credit Unions – A Friendly Alternative To High-Street Finance

If you are looking to borrow some money to pay for a dream holiday, buy a car or make some improvements to your house, it's likely that your first port of call in looking for finance will be your bank. After all, you already trust them to look after your money and their current loan rates are good so why go anywhere else?

While it's certainly convenient to approach the bank for a loan, the process of applying for finance can be a rocky road and, at the end of it all, you might find that your income is not enough to finance the repayments. Similarly, if you've had credit problems in the past it's highly likely that you'll be forced into punitive interest rates or having your application turned down together. If this happens, you might then try your luck with one of the multiple of loan companies who advertise on television and in the press, or found on the internet. However, there is another option that many people do not know exists: the local credit union.

Credit Unions are financial co-operatives owned and controlled by their members. They generally operate in areas where low incomes are common and offer savings and great value loans to customers. Another benefit of Credit Unions is they are local, ethical and know what their members want. Each Credit Union has a 'common bond' which determines who can join. This bond may be for people who live or work in a particular area, work for the same employer or belong to the same association or club, such as a church or trade union.

Credit Unions work by having members pool their savings together, which can then provide a fund from which loans are made to other members. Borrowers then pay interest on the money loaned to them as they would if the loan had been through a bank. As the money in the fund belongs to individuals, the credit union 'rents' the funds from its savers, who each year receive a dividend from the money they rent to the credit union. As a result, credit unions should offer its savers a good return on the money that is placed in the fund.

In order to operate, a credit union must be successful in attracting a sufficient large amount of savers to enable it to hold sufficient liquidity to enable it to meet members' requests for loans, share withdrawals and overheads. Furthermore, dispute payments to savers and the credit union's operating costs have to be met out of the credit union's profits, so a strong fund is essential for the credit union's success. As the main source of income for a credit union coming from the interest charged on members' loans, it is very important that the credit union be proactive in marketing the benefits and availability of their services.

For peace of mind, credit unions have to be registered and regulated by the Financial Services Authority, who also regulates banks, building communities and …


Filing a Flood Insurance Claim

Many Americans have flood insurance coverage on their home. Thankfully, flooding does not have an impact on every individual who has flood insurance coverage. Despite the fact that a large number of individuals do not experience flooding, there are others who do. When flood damage occurs to your home, you need to file a flood insurance claim. Filing a flood insurance claim is a fairly easy process, but do you know what to do?

A large number of individuals with flood insurance are unsure what to do when it comes to filing a flood insurance claim. Some individuals are unsure because when a flood occurs confusion may set in. Other individuals are unsure what to do because they are unprepared. That is why it is important that you know ahead of time what you will need to do to file a flood insurance claim.

The most important piece of information that you need to know to file a flood insurance claim is who your flood insurance coverage is through. You should have the name and phone number of your flood insurance company or the agent who handles your case. This information is vital to filing an insurance claim. If you do not already know this information, you should begin to familiarize yourself with it.

In addition to knowing the name of your insurance company or agent, you may also need to know your policy number. It is understandable that in a time of disaster, you may not have this information readily available. Many insurance companies and agents can obtain your policy number by asking you a few personal questions. Knowing your policy number may help to speed up the flood insurance claim process.

To stay up-to-date on the status of your flood insurance claim, you will need to provide your flood insurance company or agent with a way to reach you. If your home is damaged it is likely that you may be unable to stay there. Try obtaining a number where contact can be obtained on a regular basis. This contact may be done through a close friend, relative, or online.

An insurance agent should be available to view the damage to your home in a few days. If you are interested in beginning cleanup before that time, you may want to discuss that with an insurance agent. It is also advised that you take pictures of your home or the belongings inside that suffered water damage. These pictures may not always be used, but they could be vital to the success of your flood insurance claim.

As you can see, it is important to be prepared when filing a flood insurance claim. It is even more important to understand the importance of flood insurance coverage. If you do not have flood insurance coverage, you will be responsible for replacing all of your damaged marriages and repairing your home. For quality flood insurance coverage, at a discount of up to 12%, contact an AmeriFlood agent today. Do not be …


Michigan Cheap Car Insurance

To get cheap car insurance in Michigan, you must first start with Michigan's minimum car insurance requirements. After all, there is no reason to purchase cheap car insurance if it is not going to be deemed a legal amount of coverage.

With the exception of motorcycles and commercial motor vehicles, all cars in Michigan must carry no-fault insurance. You can not register your car in Michigan without first having no-fault car insurance. In a nutshell, no-fault insurance provides car insurance coverage for you, the policyholder. The other party involved is covered by his or her own car insurance company.

There are three kinds of car insurance coverage required by Michigan: personal injury protection (PIP), bodily and property damage (BI / PD) and property protection insurance (PPI). A car insurance policy in Michigan covering these three components is a basic car insurance policy.

None of these car insurance requirements provide insurance coverage in the event your car is damaged or stolen. In Michigan, you must purchase collision insurance coverage and comprehensive insurance coverage in order to insure your car in the event of damage or theft. Collision car insurance coverage provides coverage for damages to your car, while comprehensive car insurance coverage provides coverage for the theft of your car or its components and contents.

Michigan drivers are able to get cheap car insurance when they opt to purchase only the PIP, BIPD, and PPI car insurance coverage requirements. Collision car insurance coverage and comprehensive car insurance coverage is not normally required of Michigan drivers unless they have borrowed money to purchase their cars and their lenders require those coverages.

Of course, there are many other ways to get cheap car insurance in Michigan without simply purchasing the minimum car insurance coverage requirements. Ask your car insurance company or agent about the various discounts for good drivers, good students, driver education course completion, and multi-line policies that they offer and whether you are eligible. …


You’ve Heard About It, But What Is Comprehensive Insurance Coverage?

OTC (other than collision), “Comp”, or most commonly, comprehensive auto insurance is the type of insurance that gives you coverage for any physical damage on your car that may not have been caused solely by an accident. Comprehensive insurance coverage can be a little confusing due to the sheer amount of things it covers so we’re going to break it down here to help you figure it out.

Comprehensive insurance coverage does not mean that you are covered for every single bit of damage that might happen to your car. It is not full coverage. It is comprehensive which means that it covers common occurrence incidents that are not as a result of a collision. Comprehensive coverage is designed to work with collision coverage and since most states require you to have collision it will be purchased in addition to your collision coverage. There are certain things that comprehensive insurance coverage covers, and certain things it does not.

Coverage included with comprehensive insurance:

  • Riot
  • Fire
  • Water, flooding, or hail damage
  • Vandalism (other than by family or employees)
  • Vehicle theft (other than by family or employees)
  • Missiles and falling objects (this is not the kind of missile the army might fire at you, but refers to any propelled object like a roman candle, bullet shot, and so on)
  • Animal damage (not if your dog has a bathroom break in the back seat – this covers you if you hit an animal and damage is caused)

What comprehensive insurance doesn’t cover:

  • Contents theft (personal belongings that may have been left in the car at the time it might have been stolen – stereos, purses, wallets, and so on)
  • Regular wear and tear on the vehicle

The cost of comprehensive insurance coverage:

the cost of your comprehensive insurance will be determined by the same factors that determine your basic coverage – age, gender, driving record, car value, location, and mileage. Never get only one insurance quote. You can use online tools to get several quotes and use them to get your preferred, if not more expensive choices, to come down in price. They all want your business in the end.

Once you’ve carefully read the details of the coverage you’re looking at to ensure you are getting the options you need and any extras that you want (you can get theft of personal belongings added to your policy, for instance) you need to determine the current market value of your vehicle. Never pay more for your insurance than your vehicle is worth! Lastly, remember that all car insurance comes with a deductible for each option and that the lower your deductible, the higher your premium will be. However, keep in mind that if you have a lower deductible it’ll be easier to get your car fixed or replaced in case of damage or theft.…


High-Quality Inexpensive Hiking Boots – How To Choose And Where To Find Them

This article describes where to look, what to look for, and how to choose day-hiking boots. Knowing where to look and what to look for, you can be sure to get the high-quality hiking boots you need without paying extra for features you do not need.

Day-hiking boots range anywhere from $ 40.00 to $ 150.00. The high end of that range is beginning to cross into backpacking boots, but anything below that range is either an exceptionally good deal or an imitation hiking boot that will disappoint you badly.

So, let's talk about the kinds of places to shop for hiking boots, features to look for, pitfalls to avoid, and techniques to make sure you have the right fit.

Where to Shop for Hiking Boots

If you have never done any serious hiking, you will want to buy your first serious hiking boots in a hands-on experience. I'm being honest here (habit of mine). Yes, it is in my interest to persuade you to buy your hiking boots through my Web site, but I will not do that if it is not appropriate for you. Even away from ethical considerations, it would be bad business for me to create a lot of dissatisfied customers telling their friends about their bad experience. No, I'm just being honest. I do not want to take your money and leave you unhappy. Buy your first pair of hiking boots at a brick-and-mortar store where you can handle the boots and try them for a good fit. Then, when you have enough experience to know what you want in your second pair of hiking boots (or third, or …), you can take advantage of the lower prices available on the Web.

When shopping for hiking boots, look for an outdoor equipment store rather than a shoe store. The sales clerks in a general shoe store are not likely to know the difference between real hiking boots and fashion imitations of hiking boots. You may pay more money at an outdoor equipment store, but you will realize the savings out on the trail.

Once you're in the store, ask about some of the things you read in this article. If the sales clerk does not know what a scree collar is or why soft outer soles are better than hard, look for another sales clerk, or another store.

If you are ready to buy your hiking boots on the Web, you can take advantage of the best of both worlds. You can buy from a high-volume store that has the best prices, but first get your advice, recommendations, and reviews from affiliates Web sites that specialize in hiking equipment.

Wherever you choose to buy your hiking boots, make sure there is a reliable, knowledgeable person in the loop somewhere. If the sales clerk or Web site looks too much about making the sale and not interested enough in discussing and comparing features, you should look somewhere else before you make a final decision.

ESPecially when …


Insurance Appraisal Process – A Policyholder’s Best Chance to Resolve an Insurance Claim Dispute!

Many homeowners and business owners find themselves disagreeing with their insurance company’s analysis of their insurance claim. However, most are unaware that they can dispute the insurance company’s findings via the insurance appraisal process! Even though the policyholder (you) submits a contractor’s estimate, receipts for repairs or materials, or even photos showing damages that the insurance company did not include for repairs… they still won’t budge.

Most policyholders are unaware of how to dispute and resolve their claim with the insurance company. Policyholders have a choice and a voice within their policy for this very purpose. It’s called The Appraisal Clause – also know as The Appraisal Provision. Now, don’t let this scare you. It may seem like a fancy clause that would take a law degree to understand. However, a simple way to understand it is that it’s the insurance industry’s version of arbitration. Although similar, the Appraisal Process is NOT an arbitration or mediation and the umpire is not an arbitrator, mediator, or judge. Insurance Appraisal, Mediation, and Arbitration are separate things.

In short; Arbitration requires attorneys and a legal process, where Insurance Appraisal does not require attorneys or a legal process. Arbitration is a dispute between two parties for any reason, where as, the Insurance Appraisal Process is a dispute between the “value or cost,” to repair or replace property only – bee it an automobile, plane, train, couch, house, commercial building, etc.

Most Policies Have the Appraisal Clause

If you feel you’re at a dead end with your insurance company and want to resolve your claim you’ll need to check your policy for the Appraisal Clause. Most policies will have the provision listed under the “What to do after a loss,” section or the “Conditions” section of the policy. Below, you will find a sample of a typical Insurance Appraisal Clause included in most policies. Keep in mind that policies can be different in each state. Therefore, you should read your own policy to see if this clause exists. It will say something similar to the following ;

“APPRAISAL – If you and we fail to agree on the amount of loss, either one can demand that the amount of the loss be set by appraisal. If either makes a written demand for appraisal, each shall select a competent, independent appraiser. Each shall notify the other of the appraiser’s identity within 20 days of receipt of the written demand. The two appraisers shall then select a competent, impartial umpire. If the two appraisers are unable to agree upon an umpire within 15 days, you or we can ask a judge of a court of record in the state where the residence premises is located to select an umpire. The appraisers shall then set the amount of the loss. If the appraisers fail to agree within a reasonable time, they shall submit their differences to the umpire. Written agreement signed by any two of these three shall set the amount of the loss.”

OK, But How