By Christine Johnson on 09-04-2012
State officials are reminding homeowners to review their insurance policies to see if they have earthquake insurance ahead of a new law that will require better disclosure if policies exclude such coverage.
The State Corporation Commissions Bureau of Insurance says damage from earthquakes is excluded under homeowners policies unless the coverage is purchased as an addition to the policy.
A law recently passed by the General Assembly requires companies that exclude coverage for earthquakes to provide a written notice that conspicuously states that it must be purchased separately. It will apply to policies renewed or issued after Jan.
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By Christine Johnson on 04-04-2012
Tagged Under : Nla
The National Landlords Association (NLA) has claimed that the Budget did not go far enough this month, though it is looking to improve its communications with the current government and ensure that more changes are added to the list to benefit those paying landlord insurance up and down the UK.
According to the NLA’s chairman David Salusbury, there has been “no recognition” of a number of barriers to investment that the current system of property taxation has in place – notably Stamp Duty, which has recently been lowered back to £125,000 from its temporary £250,000 threshold.
He said: “While the NLA believes the government is justified in closing the Stamp Duty loophole to prevent tax avoidance, the Treasury should not ignore the impact these measures will have on legitimate companies which buy property to let as their primary business activity.
“This is likely to adversely influence investment decisions made by landlords who operate as small businesses and provide much needed housing.”
NLA agents will look to set down formal discussions with the Treasury and establish whether or not it’s possible to separate genuine property businesses from companies looking to avoid tax, with Mr Salusbury claiming that calls for a comprehensive review of Stamp Duty were ignored. “
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Do you worry about your belongings all the time? This is something that a lot of people do when living in Akron and the reason is because of the frequent weather change and also the types of properties in the city. What a lot of people don’t realize is that not all apartment buildings are up to code and because of this some homes are not as safe and secure as other ones. Trust me on this one, Akron has some great homes but sometimes you need to think of other ways to protect your belongings.
Something that I would recommend doing in order to protect your belongings is to simply get renters insurance. The nice thing about renters insurance is that you can get it for a great rate and your age doesn’t play a big factor in the price. If Read more…
By Christine Johnson on 27-03-2012
The Hartford is giving up on individual annuities, saying it will run-off its individual annuity business and either sell or seek other alternatives for its individual life, financial services and retirement plan segments.
Hedge fund manager John Paulson, whose company, Paulson & Co. owns 8.4% of The Hartford, called for the company to split Feb. 8
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By Kathryn Green on 25-03-2012
Many French holiday home owners will soon be visiting their properties for the first time since they locked them up for winter at the end of last year. When they visit spring will be in the airthe days longer, the sun shining and the garden will be coming into life.
All the signs that temperatures in parts of France plunged to -17C over winter won’t be visible until the owner enters the property. Cracked boilers, split radiators and the subsequent water damage can be horrendous.
Due to extreme freezing temperatures, we have seen an increase in the number of burst pipe insurance claims in France this winter. H
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There are a number of life insurance options on the market these days. If you are simply looking for the basic life coverage at a reasonable premium, term life insurance is usually the better option to look into. Those who want a comprehensive life insurance coverage and then some should always go for a good whole life insurance policy. There are several advantages of buying a whole life policy that make this type of life insurance policy very beneficial.
For starters, the life insurance coverage you get can be customized according to your needs and preferences. You can set the coverage amount accordingly, guaranteeing full coverage for your family and loved ones in the event of your death. Read more…
