With the prices of airlines flying to the ceiling, more people than ever are turning to the car rental industry to meet their transportation needs. That means it could be a very lucrative activity for an aspiring entrepreneur. However, you can not only wake up one morning and open a business. You need to do … Read more
Do you want to take your family on an outdoor vacation without having to cook with smoke in the eyes and not sleep on the ground with cold and be hit when you turn? Do you want to enjoy the scenic beauty of the state and the national outdoor forest fields without having to fight … Read more
Being hit by an uninsured driver can be a nightmare if you are not covered yourself. There are basic steps to follow in any type of accident in which you are involved. If the person who hit you has no insurance at the time of the accident, then you may have to take additional measures … Read more
For some reason, you have decided that the relationship with your insurance company has come to an end. Whether you’re replacing your coverage with another insurance company or not, you’ll want to cancel your existing policy and get a refund for the premiums you’ve already paid. Whether you get a refund, and how much you … Read more
Whether it is a fire or an earthquake, or if you rent or own a home, it is possible that one day you will be affected by a natural disaster that could displace you and your loved ones. Surviving a disaster is the number one priority; But when the smoke clears and the waters recede, … Read more
Two types of coverage can protect you from the unexpected after buying a home. Home policies, which cover you for vandalism, theft and certain disasters, and a real estate guarantee plan, which pays for certain items in your home if they are broken. Home policies are required when you have a mortgage and it is … Read more
Perhaps you have wondered what will happen after the total loss has been declared for your car if you have not yet finished paying the loan for it. This is one of the biggest doubts that have arisen in the Secretariat of Mexican Mobility and in the respective insurers, because both owners and advisors on … Read more
Hull insurance is the insurance of the ship that covers the damage to a ship, its machinery and its equipment. According to United Marine Underwriters, it is the closest marine insurance equivalent to comprehensive collision car insurance. Like other products in the insurance market, coverage and deductibles vary by company, so read and compare insurance … Read more
In the insurance industry, a car is considered a total loss if the cost of the insurer to repair the damage equals 65% -75% of the cost of the vehicle. In this sense, you must decide if you want to continue and get the insurance check for a replacement, use the money to repair the … Read more
Whether you have little or a lot, you may find it difficult to replace all your belongings if they were damaged or suddenly stolen from your rented house. Even tenants who can afford to cover the cost of their lost possessions get renter’s insurance because it simply makes good financial sense. The renters insurance can … Read more
Going on vacation is a good way to take time for yourself and share with the family. The best way to take advantage of this time is to look for places where it is possible to participate in hobbies and other fun activities. A relaxed vacation can help clear your mind and recharge your energies. … Read more
FICA stands for the Federal Insurance Contributions Act. By federal law, each employer is required to withhold a certain portion of an employee’s wages and send it quarterly to the Internal Revenue Service which, in turn, places them in a government trust fund for retirement and insurance health when you retire, also known as Social … Read more
The value of replacement cost or simply replacement value is the amount of what it would cost an individual or company to replace or replace an asset with one equal or similar to market prices. We should not confuse the replacement value with the book value since the latter is the acquisition value of good … Read more
The insurance charge is not a new figure. In fact, it exists hundred of years ago because, with the rise of maritime and land trade, merchants realized that the merchandise was exposed to hundreds of dangers, from robberies to shipwreck. Of course, like all types of insurance, its conception has evolved to become one of … Read more
Transportation insurance is used when transporting goods from one place to another, often internationally. Because the nature of this insurance requires the cooperation of different states or countries, it is very difficult to regulate and standardize. Although policies vary among different countries, insurance companies and shipping types, basic transport insurance can be classified into a … Read more
Your MetLife insurance policy contract contains important information that you need to know. For example, your insurance policy details its costs and how your interest is credited. Without this information, you will have to depend on the limited information you receive in your annual accounts of the statements and premium invoices, but you will not … Read more
Almost all insurers offer life insurance policies. And although each company has particular benefits and requirements, there are certain conditions that are met – by law and by the nature of the insurance – in a global way. Know the specifications of life insurance, when they are paid to the beneficiary and in which cases … Read more
Life insurance pays death benefits to a beneficiary. The main beneficiary is the person who receives your death benefit. A contingent beneficiary is the one who receives the money when your primary beneficiary dies before you. This beneficiary is not necessary for a policy, but you should consider naming one. Importance The contingent beneficiary must … Read more
Withdrawing cash from a life insurance policy is one way in which those who are having financial difficulties can get the money they need. Perhaps you unexpectedly lost your job, want to invest in an investment property or suffered a decrease in your salary and want to use your policy money. Try to get the … Read more
Net premiums and gross premiums are terms used to describe the income an insurance company receives in exchange for the risks it assumes under insurance contracts. Premiums are the amounts that policyholders pay for insurance coverage to protect against financial loss. However, there are differences between gross premiums and net premiums. Commercial Premium Business premiums, … Read more
An insurance company has two options when deciding on the structure and organization of the company. These structures determine how the company will be carried out and can have a dramatic impact on its final success. Each structure of the company has its advantages and limitations. For a consumer, it is useful to know the … Read more
Life insurance policies are sold with death benefits in the range of US $100,000 to the US $10 million. A life policy can accumulate cash value for the insured or simply create benefits available to those who survive it within an agreed period of time. Insurance companies have qualification measures for people asking for the … Read more
Life insurance is a financial product designed to pay off debts that remain after the death of a person. However, if you are trying to acquire life insurance in old age, it can be extremely difficult. This is because at 80, you are nearing the end of your life, and it is difficult for the … Read more
What is Insurance Retention An insurance withholding is the part of an insurance claim paid by the insured rather than by the insurance company. A deductible is a common example of a withholding, although there are other types of withholding. Withholding allow the insured to reduce insurance premiums assuming that part of the risk is … Read more
Insurance and reinsurance offer financial protection to a person or company to protect against risk. Both allow the transfer of a possible loss from one entity to another, in exchange for a financial payment in the form of a premium. Each of these has the function of managing the risk, however, the risk is transferred … Read more
Everyone is exposed to unfavourable events that reduce their pocket. Car accidents, earthquakes, fires and property thefts are just some of the problems that would require the disbursement of large sums of money. This is where insurance and insurers come in. Each of them offers specialized policies – such as auto or home insurance – … Read more
Insurance can have many advantages depending on the type you hire. The most common is known as personal insurance, which includes car, life, owners, disability and health. The biggest advantage of insurance is the benefits that are paid when a claim is necessary. Claims may include damage to a vehicle or house or costs of … Read more
Permanent Participant Policies Life insurance dividends are the funds earned from life insurance policies. Not all policies, however, dividends are obtained. Dividends are earned only by permanent participating policies. A participating policy is nothing more than a policy that earns dividends if the yield is better than average. Premiums on participating policies are higher than … Read more
Insurance is contracts signed for a certain time between a person or company with a company that, in exchange for receiving a monthly premium from the former, undertakes to pay monetary compensation if it suffers an accident, theft or some type of damage to its facilities and equipment before the previously stipulated period of time … Read more
Life insurance is offered in two basic types: temporary and general life. Which one you should select depends on your family situation, age and savings goals. Some, but not all, life insurance policies will save and invest money, and some have a cash value. It is important to understand how the cash rescue works before … Read more