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(1) A contract whereby one undertakes to indemnify another or pay a specified amount upon determinable contingencies. (2) A device for the transfer of the risks of individual entities to an insurance company, which agrees, for a consideration, to assume to a specified extent, losses suffered by the insured.
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How Safe Is Your Mattress? Replacing Your Mattress Could Save Your Life And Your Bank Account
By Krista Farmer
Fire safety is probably the furthest thing from your mind as you drift off to sleep each night. According to the Consumer Product Safety Commission, approximately 360 people die each year from Read more...
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Loan Insurance: Six Things To Look Out For
By SeanH-9584
If you sign up for a new loan or credit agreement, you usually feel slightly nervous. You realise it’s yet another financial commitment on top of the ones you already have. So if the lenders recommend a loan policy “for peace of mind”, it’s tempting to take up their offer. However there are a number of things that you need to be careful of – and that the lenders won’t tell you about!
•If you are aware when you take out the policy that there is a possibility of unemployment or redundancy, or that you may be diagnosed with a medical condition that could prevent you from working, you won’t be covered.
•Never sign a loan agreement without reading the small print. You need to be absolutely clear what cover you need and what cover it provides. If you find it doesn’t fit in with your needs, don’t take it. Remember it’s optional, even if they try to make you think it’s compulsory.
•The small print often seems to exclude most of the things you might claim for. For instance it often excludes many quite common illnesses. The companies rely on you not reading it.
•When you are taking out the loan itself, be very careful, and consider carefully at that point whether you actually require the loan
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Mortgage Protection: Is There An Alternative?
By SeanH-9584
If you are taking out a mortgage for the first time, your lender may try to push you into taking out mortgage protection insurance at the same time. Be careful. It benefits them – they get a Read more...
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Cheap Auto Insurance Options To Save You Now
By Calvin A Leonard
whilst it comes to cheap auto insurance, one of the best places to get some, or at least to get the information you need, is via online devices. When it comes to cheap auto insurance, your choices Read more...
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