Are tenants’ children being disadvantaged?
Posted on January 28th, 2012
Posted on January 24th 2012
The terms of a buy-to-let mortgage often include requirements for borrowers, such as the purchase of specialist landlords insurance. One stipulation made by most buy-to-let lenders is that landlords should restrict tenancy length to a fixed period.
According to figures for 2009 – 2010 published by the government’s English Housing Survey, the short length of tenancy periods is having adverse effects on families in the private rented sector because they have to move house more frequently than they would wish. This may necessitate frequent changes in schooling and childcare arrangements for their children, which in turn can have an adverse effect on children’s education, particularly at secondary level.
Laws That Might Change Health Insurance Quotes In 2012
Posted on January 27th, 2012
The Affordable Care Act is the current federal government’s most important piece of legislation and something they hope to push through in large part by the time their current term is over. Even if the sitting government does not win again, enough measures are in place that the Act and its laws should carry into the lives of all Americans, meaning a change in both the way health insurance quotes are assessed in addition to interacting with state health insurance law to hopefully bring more reasonable rates to citizens of all economic strata.
Car insurance quotes ‘rise by £50 in three months’
Posted on January 23rd, 2012
The typical comprehensive car insurance quote for a motorist who shops around has risen by £50 in just three months, and is £130 higher than a year ago.
That was the warning from the AA, which says the “shoparound” price for annual comprehensive cover stands at £971, compared with £921 in October 2011 and £842 in January 2011.
The AA’s shoparound figure is an average of the three cheapest quotes from a range of insurers and brokers, and covers a range of ages.
Drivers between 17 and 22 have been hit by the steepest shoparound percentage increase since October 2011, with the typical premium for this age group standing at £2,497 following a 6.6% rise in the space of three months. By co
Tags: Car Insurance, Months, Three Months
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Is the registered operator liable as properly as the driver at the time of the accident?
Posted on January 18th, 2012
Is a purebred renter probable as good as a engineer during a time of a accident?
Hello there,
Is a purebred renter additionally probable during a time of a collision who is opposite from a driver?
I ask this cuz, formed upon a car formula sections posted by a DMV in CA. both have been accountable
Since my collision Ive been in poignant liberation of about a twelve months as well as a half have a lot of bills..
I was strike (T-bone in a sedan)by this some-more grown up couple of which were pushing (a sedan) as well as there have been upon SSI.
Tags: Accident
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Could fall in house prices present opportunity for landlords?
Posted on January 16th, 2012
Rented property insurance may be in demand if landlords take advantage of the falling cost of buying a home.
Land Registry’s House Price Index showed the average value of abodes in England and Wales in November dropped to £160,780.
This represents an annual decrease of 1.9 per cent, although the amount being charged by residential real estate sellers was up 0.3 per cent compared with October.
Some landlords may have spotted an opportunity to extend their portfolios while prices are down, with the data also showing a six per cent rise in complete house sales in September to 61,031.
However, those with properties in London may want to stay put and hold on to their capital gains, as this is the only city that saw an increase in the value of abodes.
Residential real estate in the capital added 1.4 per cent in price over the 12 months to November.
Furthermore, director of estate agent Housenetwork.co.uk Graham Lock recently predicted house prices in London will add another five per cent in the first six months of 2012.
Own Occupation Disability Insurance- Do you Need it?
Posted on January 14th, 2012
Before I share my thoughts about own occupation disability insurance, I thought I should give you definitions of True Own Occupation and Modified Own Occupation, as they arent always clearly identified.
True Own Occupation: Due to injury or illness, you cannot perform the material and substantial duties of your Occupation. You will be considered totally disabled even if you are gainfully employed in another occupation, provided that, due to injury or illness, you are not able to work in your own occupation.
Modified Own Occupation: Due to injury or illness, you cannot perform the material and substantial duties of your Occupation and you are not gainfully employed.
So, the difference in language is easy to see the main difference between the two is that in the True Own Occupation definition, you can work in another occupation and will still receive your full benefits (as long as you cant work in your occupation), whereas in the Modified Own Occupation definition, you will no longer receive your benefit for total disability if you go to work in another occupation.
I have to add that, if you have a Residual benefit in your policy, you might be eligible to receive a partial benefit if you are disabled per the policy language and you choose to work in another occupation. If you choose to work in another occupation and you have a loss of income of at least 20% (or 15%, depending on the policy), you could receive a percentage of your benefit based on your percentage of income loss.
Which Definition is Right for you?
When looking at both modified and own occupation disability insurance, I ask my clients, if, due to illness or injury, you cant work at your occupation, could you potentially work in another occupation (remember, this would be your choice not the insurance companys)? Many times, the answer comes quickly. A good example would be a surgeon with a hand injury. Clearly (unless robotics are involved), if a surgeon has a hand injury, he wouldnt be able to perform surgery, but might want to work in general practice or teach or do something else entirely. This person would be better suited to a True Own Occupation definition of disability.
However, take an Executive who works mostly at a desk. If she couldnt perform the duties of an Executive, the answer to the above question is most often No. In cases like this, especially if there are budgetary concerns, I would recommend the Modified Own Occupation definition (it is less expensive).
You will hear many arguments in the industry as to which definition serves the policy holder better. I cant argue with someone who tells me that the true own occupation definition is better than the modified definition because I would agree that a richer benefit is better than one that has restrictions on it. However, the question I ask that person is, If a benefit is better (and more expensive) but the person doesnt need it, is still a better benefit?
The bottom line is, benefits in a disability insurance policy should be tailor-made for each client and their particular needs. There are a lot of moving parts and cost factors to consider, so make sure you work with an agent/broker who works with several companies and understands this tailor-made concept. You will probably wind up with the policy and premium that fits your needs.
Tags: Disability Insurance, Insurance, Occupation Disability, Occupation Disability Insurance
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