ATV Insurance: ATV insurance can protect your finances in the event of loss, damage, an accident, injury or theft of your vehicle. Bonds: A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. Builder's Risk Insurance: Builder's risk insurance covers buildings while they are being constructed. For example, a Builder's risk policy would cover losses if a windstorm takes down your partially constructed...
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Longer-term mortgages could increase competition and force brokers to sell insurance – Marketwatch As Virgin Money took what some considered a bold step in launching a 15-year fixed rate mortgage, Mortgage Solutions asks: are longer term products the future of the market, why might that be and just how will brokers maintain a relationship with clients with such lengthy downtime periods? Andrew Asaam, director of mortgages at Virgin Money We have seen a positive response to our seven- and 10 – year fixed products since their launch last year and wanted to further extend the choice available to consumers. We are looking to attract both home movers and remortgage customers, who are...
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Whether you’ll qualify for a medically underwritten policy or just a guaranteed-issue policy depends on your current health. Can I get life insurance with peripheral neuropathy? Yes. But your ability to qualify for a medically underwritten policy, which offers the best rates, will depend on your current health and the cause of your neuropathy. If your nerve damage is caused by an underlying condition, like diabetes or cancer, that condition may affect how much you pay for life insurance or even your ability to qualify. And if you have peripheral neuropathy that causes heart, breathing, blood pressure or other systemic problems, you may need to get a guaranteed-issue policy instead....
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MONTEREY — Climate change and the recent wildfires that decimated Northern California are having a profound effect on some Monterey County homeowners, one they might not have expected. Acquiring or keeping homeowners insurance is becoming more of a challenge for some Monterey County residents because they live in “high-risk fire” areas. Though the issue has been part of the landscape for a few years now, it continues to reflect the losses incurred by insurance companies over the past few years. “Areas such as Carmel, Carmel Valley, the Highway 68 corridor and parts of Salinas and Monterey are all seeing many (homeowner insurance) non-renewal notices,” said Ryan Hinckley, vice...
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How Insurance Companies Calculate Your Home Insurance Premiums Insurance involves the pooling of funds from many customers to pay for the losses that some customers may incur. The premium that is determined is based on the likelihood of how frequently events may happen. At Intact Insurance we take a unique approach to determining what your home insurance will cost. We look at all your needs and your lifestyle and determine a price based on your property, contents and personal experience that is specific to you. We consider many variables that differentiate you from any other homeowner. Ways to Reduce Your Insurance Premium Many factors act together to determine the premium you pay. Below...
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Takes the Hassle Out of Shopping for Insurance Shopping for home insurance can be stressful. Each provider offers varying coverage packages and discounts, and can simply operate differently. With so many choices, how do you know you’re choosing the right protection for your home and car? That’s where comes in. We partner with top providers and can offer you great home and auto insurance quotes – quick and easy. Why Should You Put Your Trust in Us? Because we’re experienced in all things insurance. Coverage is not one-size-fits-all, and it can be tricky to understand. Needs vary greatly from policyholder to policyholder, and we’re here to provide insurance quotes that may meet your unique...
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Homeowner’s Insurance: Cut Your Premium in Half Advertiser Disclosure Fire, flood, earthquakes, hurricanes, wind, falling trees and burst water pipes are just some of the hard-to-predict events that could damage or destroy your home and its contents. Or someone could take a spill down your stairs and decide to sue you. And, of course, don’t forget about thieves, who could ransack your abode and steal your valuables. No matter where you live, having the right kind of home insurance — and enough of it — is both costly and vital. Yet with a little effort, you can cut your premium in half. But first … Why You Might Want to Spend More on Homeowners Insurance Most policies cover homes and...
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Most home insurance policies cover similar risks to your home, as well as providing other coverages, but insurers approach these coverages in different ways. Not all home insurers are created equal, nor do their home insurance policies always provide coverage in the same ways. The 7 Best Homeowners Insurance Companies MetLife: Best for Experienced Homeowners What is a Homeowners Insurance Policy? A homeowner’s insurance policy is for most single-family homes. Major coverages will include: Dwelling Coverage, which insures the house and attached structures Personal Property Coverage, which insures your belongings Personal Liability Coverage, which pays toward personal liability claims...
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Typically, your home is the most important purchase you will make in your lifetime. That is one of the many reasons why it should be adequately protected and why you should understand the type of home insurance coverages that will fit all of your home’s needs. In many cases, a homeowner’s policy is initiated as just another step in securing a mortgage, but often, little thought is put into what is actually being covered. If you are in the process of purchasing a home, or if you have had home insurance for a while, it is always a good idea to review the coverages you currently have, and what else is available. Home tragedies such as fires happen more than we would like to imagine, but the...
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At first glance, James Arnold looks like an insurance company’s dream client. The Richmond, B.C., resident has owned his current home for almost two decades, been with the same insurance company for over 15 years, and in all those years he’s never made a claim. At least, not until last year, when a tree fell on his property, clipping his detached garage, and ripping the power lines right off his home. “It was a small claim,” he says, “at a cost of only $3,000 after the deductible.” He expected his premiums to go up, but the 15% hike his insurance company sprung on him was more than he bargained for. Especially on top of the 7.5% rise he’d endured the year before and the 6.5% rise the year...
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