Category Archives: Investing

What To Do If Your Insurance Company Refuses to Pay Your Claim?

A claim is regarded as a financial contract between you and your insurer or a formal request to your insurer for reimbursement against a loss that is covered under your insurance policy. The insurance company has to cover losses incurred by the client. Authentic reviews on companies offering the best insurances are found in Reviews Bird and you won’t worry of insurance cases if they arise.

An insurance company can refuse to pay your claim because of various reasons such as not paying some of the installments of your premium, not following the claims process correctly, your policy was not yet in force when you made a claim, or the item under claim is not covered in your policy. When you are sure that you are on the right track, you should go ahead with the claim.

Below are some of the things you can do in case your insurance company refuses to pay your claim:

Make Use of The State Regulator.

Taking the concerned insurance company to court should be the last option. This is because court cases can tie up a claim for many years, which will delay getting the needed funds to recover from a loss. Therefore, your first step should be to attempt to work directly with your insurer or your insurance agent to follow up on the claim. You are required to be patient and calm while documenting the whole procedure. The state regulator’s role is to license, regulate insurance companies and any individual involved in insurance industry. It also preserves and monitors the financial solvency of insurance companies. They control market conduct and prevent unlawful trade practices. Once you report your issues to them, they will definitely help you get justice.

Be Aware of Your Rights and Insurance Policy.

You should thoroughly review a new insurance policy or even an existing one to get the best insight into all that is anticipated when an individual makes a claim. It would be best to look at what needs to be done to file a claim, information on what is covered, how fast a claim should be submitted and how the reimbursement is calculated.

Avoid Assumptions That the First Denial You Get Is Final.

Around 60 percent of insurance claims are denied unjustly. Less than 1 percent of people making claims question their insurer when a claim is rejected. Many of the policyholders who speak up for themselves either improve their settlements or win their cases.

Demand for An Explanation for Their Refusal.

Insurance companies are quick to give support to their policyholder. A good example is the car insurance sector. The insurance company you had an agreement with to ensure your car can tell you they will not take a look at your vehicle unless they get to hear about the other side of the story through the other driver involved in the accident. Contact them if you have enough evidence to prove that you are not at fault and the insurance company still denies your claim. Please provide them with all the evidence you have, such as police reports, eyewitnesses that can prove your_ innocence and recorded statements.

Make Sure to Contact the Company Directly.

If your claim is not attended to within 30 days by your insurance agent, contact the insurance company directly through calls. Ensure you are polite but tenacious and keep climbing the corporate ladder. Keep a record of all the phone calls, including the names and positions of all the people you speak to. After each call, send a letter stating your understanding and request a response to be shipped within 30 days.

Contact Them Through Writing If Calls Do Not Go Through.

The best place to start is with the individual who denied your claim. Then write to that person’s supervisor. Insert relevant details such as your policy number, copies of bills, appropriate forms, supporting documents and a concise description of your problem. Request a written response from your insurer within three weeks. You should keep copies of all correspondence. Your letters should be sent by registered mail. While writing to them, avoid blaming statements and being rude. If there is no response, send follow-up letters attaching your original letter to the insurer’s customer service department or consumer complaints department. In most cases, failure to immediately respond to letters is among the unfair insurance practices.

Always follow up on a rejected claim and be inquisitive. If you do not, you might be letting the insurance company get away with an unjustly denied claim.

Prosper Marketplace

All through my real property investing career, I’ve spent many dozens of hours talking with lenders and potential financiers of my deals. No Current Financial Data: In some situations, it’s necessary for the real estate investor to obtain a decision immediately to keep away from the lack of a potentially lucrative deal in a aggressive marketplace. Using a private lender circumvents the requirement for personal financial information as a result of the lender focuses on the value of the property getting used for collateral. Acquiring funding from a traditional lending establishment requires the borrower’s personal info to be present. If the knowledge is just not current, the loan decision is delayed and inevitably, the borrower loses the deal.

We then discovered a purchaser for the more severe of the two buildings and made a cope with the Small Enterprise Administration, to decrease the interest rate and funds on the remaining building. These funds are about 30% of present market rents right this moment. By making these very low funds, the lender who’s on the constructing and the business equipment was happy. The result of all this was that Jonathan was in a position to preserve his manufacturing unit operating and make simply sufficient to pay his present living bills.

When you loan money to your small business, try to be paid back with curiosity. The interest is taxable to you, and deductible to the enterprise. Begin Out Small: Identify a spread you are comfy working with, and persist with it. The number one mistake personal cash lenders make when beginning out is spreading themselves too skinny. Assess your funds, and your most well-liked degree of threat, and create clear tips for potential initiatives. If someone approaches you trying to find more than you wish to offer, do not be afraid to refer them elsewhere.

For Westpac Car Loans (Secured Personal Loans), any motorized vehicle supplied as safety must not be more than 12 years previous upon loan expiry. The automobile used as security have to be registered underneath the applicant’s title. Initial price indications quoted prior to full loan-to-valuation ratio being accomplished could change depending on the valuation of security provided. Whether or not purchasing new or refinancing a used car, the vehicle has to have been imported to Australia by the producer, and all the lending criteria met.

Mortgage requesters checklist the amount that they wish to borrow, the rates of interest that they are keen to pay, what the loan can be used for, and a little bit about themselves with a view to present why they want the money. Loan contributors do not have to provide the total quantity of the mortgage, just the portion that they’re willing to pay. Multiple contributors will pay right into a single loan, and as soon as the requested amount has been reached then the borrower may have the total loan deposited into their checking or financial savings account.

How to Choose the Right Pet for You

It has become some sort of internet lifestyle to post pictures with gorgeous pets. With all the pictures of cats, rabbits, and puppies in view as you scroll through your social media platforms, it is easy to be charmed and desire to own a pet too.

As noble as it is to own and care for a pet, the decision to own a pet shouldn’t be made impulsively. The fact that pets cannot communicate via coherent speech means they are on the same rung as babies. Couples don’t just wake up and decide to make a baby. They are intentional about it and are certain they can handle the responsibility of custodianship.

vet expenses

Prospective pet owners must consider vet expenses just the same way parents consider finances for their baby’s care. They also need to consider lemonade pet insurance in case of injuries.

Truly, pets can be a great source of joy and companionship, but there are factors to consider before we take that leap. In this article, we would examine some of those factors.

1. Cute Pets are Great, But Look Beyond Looks

The fact that you like the appearance of a pet does not mean they are perfect for you. Far from it. It is common for parents to get small-sized animals, but not all small pets are great for kids.

Hamsters are nocturnal, for example. The implication is that they would be most active when the kids are asleep. Rabbits, with their fine fur, can seem like a good choice for kids; but rabbits do not enjoy cuddling. Kids are wont to handling pets as toys. Rabbits would not like that.

2. Does it Sit Well with Your Budget?

Time is not the only thing you commit when you buy a pet. You commit money too. Buying the pet might be the cheapest thing you’d ever do as regards the pet.

As pets can live for years, you must ensure you’re willing to continually part with money for its general upkeep (feeding, vet checkups, etc). Would it be a financial decision you would be comfortable within the long term?

3. Consider Your Lifestyle

How many hours do you spend at home? A couple of hours? Is it an indoor pet? Who would take care of it when you are away at work? Bear in mind that some pets can be destructive. Are you outdoorsy? Would you be willing to take your pet on regular walks to stretch its limbs? Are you allergic to fur?

Some pets, like cats, require constant human affection. Are you okay with late-night cuddles? Others require obedience training. How much energy would you be willing to expend?

4. Consider Purchasing Rescue Pets

Stray or abandoned pets are a great choice when picking up pets. Unlike young pets that require a lot of training, adult pets are a lot easier to manage. Also, they have fully-formed personalities and you can be sure whether you are getting your bargain.

Considering all of these factors, you would see that getting a pet isn’t a stroll in the park. Resist the urge to buy impulsively. But if you are sure you want that pet, consult good breeders for professional advice.

Borrowing Money Make An Appointment

In determined economic times, it’s increasingly difficult to safe a mortgage the “regular” means. You may also be capable to cut back you taxable revenue depending in your circumstances. Curiosity paid on an investment loan is mostly tax deductable when the loan is used to put money into managed funds or shares. Pay interest solely on your outstanding steadiness, not the assigned credit score limit – variable rate of interest of 16.49% p.a. With giant unsecured loans, the trick is to prove that revenue alone makes the repayments reasonably priced. For instance, having a low debt-to-revenue ratio means there’s loads of excess earnings to commit to the loan. If the applicant has been repaying a mortgage for a while, that additionally means they are extremely unlikely to vanish.

As terrible as this sounds, Jonathan was the 3rd person who I’ve met in the final 10 years that has been stung by this rip-off. I cried. I know that a minimum of $500,000 was sent. Jonathan thinks he despatched nearer to $1 Million. Jonathan determined that it was fate that sent me to him. He may be proper. By the way in which my firm name is Kismet Real Estate Investments, Inc. Kismet means Fate, Future, Karma, and so forth in Turkish, Indian, and Arabic. Time was very short, we had work to do and fast.

If you happen to’re a beginner, you must try to invest on mutual funds. It is a nice way to test the waters and since skilled buyers are the ones managing your account, you get to earn profits even with little experience or information. Nevertheless, your investment efforts shouldn’t end there. Just imagine how a lot cash you can make in the event you’re the one making the funding decisions and managing your personal account! Don’t hesitate to be taught the basics of the commerce through a number of publications.

But the inventory market crash is taught us one lesson that we needs to be at all times diversified in our investment technique. Paying off your mortgage carries no risk in any respect. As soon as the mortgage is fully paid off, it does not matter what the market does, you haven’t any extra debt. Paying off your mortgage is at debt-free investment in your self. You will need to get impartial monetary advice when you find yourself investing. If an adviser is connected to a company they advocate you spend money on, this investment may not be finest for you. You may take a look at your adviser’s financial services information to see any relationships or associations they have with other companies.

Having established the APR of the loan you’re pondering of making use of for, that you must examine whether or not this price is mounted or variable. A variable charge means that the lender can push the APR up or down over the term of your mortgage, which can clearly impact the size of your repayments. A set fee offers you the reassurance of understanding precisely how much you may repay each month, but is rarer to find on a secured mortgage than an unsecured one. Revenue: Lenders fundamental concern is your repayment capability. So, meeting the bank’s revenue requirement is crucial criteria for a loan applicant. Larger the Income, simpler the method to use for larger loans with longer tenure.

What Is an Investment?

One of the reasons many people fail, even very woefully, in the game of investing is that they play it without understanding the rules that regulate it. It is an obvious truth that you cannot win a game if you violate its rules. However, you must know the rules before you will be able to avoid violating them. Another reason people fail in investing is that they play the game without understanding what it is all about. This is why it is important to unmask the meaning of the term, ‘investment’. What is an investment? An investment is an income-generating valuable. It is very important that you take note of every word in the definition because they are important in understanding the real meaning of investment.

From the definition above, there are two key features of an investment. Every possession, belonging or property (of yours) must satisfy both conditions before it can qualify to become (or be called) an investment. Otherwise, it will be something other than an investment. The first feature of an investment is that it is a valuable – something that is very useful or important. Hence, any possession, belonging or property (of yours) that has no value is not, and cannot be, an investment. By the standard of this definition, a worthless, useless or insignificant possession, belonging or property is not an investment. Every investment has value that can be quantified monetarily. In other words, every investment has a monetary worth.

The second feature of an investment is that, in addition to being a valuable, it must be income-generating. This means that it must be able to make money for the owner, or at least, help the owner in the money-making process. Every investment has wealth-creating capacity, obligation, responsibility and function. This is an inalienable feature of an investment. Any possession, belonging or property that cannot generate income for the owner, or at least help the owner in generating income, is not, and cannot be, an investment, irrespective of how valuable or precious it may be. In addition, any belonging that cannot play any of these financial roles is not an investment, irrespective of how expensive or costly it may be.

There is another feature of an investment that is very closely related to the second feature described above which you should be very mindful of. This will also help you realise if a valuable is an investment or not. An investment that does not generate money in the strict sense, or help in generating income, saves money. Such an investment saves the owner from some expenses he would have been making in its absence, though it may lack the capacity to attract some money to the pocket of the investor. By so doing, the investment generates money for the owner, though not in the strict sense. In other words, the investment still performs a wealth-creating function for the owner/investor.

As a rule, every valuable, in addition to being something that is very useful and important, must have the capacity to generate income for the owner, or save money for him, before it can qualify to be called an investment. It is very important to emphasize the second feature of an investment (i.e. an investment as being income-generating). The reason for this claim is that most people consider only the first feature in their judgments on what constitutes an investment. They understand an investment simply as a valuable, even if the valuable is income-devouring. Such a misconception usually has serious long-term financial consequences. Such people often make costly financial mistakes that cost them fortunes in life.

Perhaps, one of the causes of this misconception is that it is acceptable in the academic world. In financial studies in conventional educational institutions and academic publications, investments – otherwise called assets – refer to valuables or properties. This is why business organisations regard all their valuables and properties as their assets, even if they do not generate any income for them. This notion of investment is unacceptable among financially literate people because it is not only incorrect, but also misleading and deceptive. This is why some organisations ignorantly consider their liabilities as their assets. This is also why some people also consider their liabilities as their assets/investments.

It is a pity that many people, especially financially ignorant people, consider valuables that consume their incomes, but do not generate any income for them, as investments. Such people record their income-consuming valuables on the list of their investments. People who do so are financial illiterates. This is why they have no future in their finances. What financially literate people describe as income-consuming valuables are considered as investments by financial illiterates. This shows a difference in perception, reasoning and mindset between financially literate people and financially illiterate and ignorant people. This is why financially literate people have future in their finances while financial illiterates do not.

From the definition above, the first thing you should consider in investing is, “How valuable is what you want to acquire with your money as an investment?” The higher the value, all things being equal, the better the investment (though the higher the cost of the acquisition will likely be). The second factor is, “How much can it generate for you?” If it is a valuable but non income-generating, then it is not (and cannot be) an investment, needless to say that it cannot be income-generating if it is not a valuable. Hence, if you cannot answer both questions in the affirmative, then what you are doing cannot be investing and what you are acquiring cannot be an investment. At best, you may be acquiring a liability.

Why Silver Coin Prices Are Good for Investment

Gold and silver are two different types of precious metals that people invest in. If persons are asked which of the two are a better investment, most will say gold. To tell you the latest from recent studies, silver is proven to be booming more, and its price after 10 years has tripled compared to gold. This is because silver is used in more different industries compared to gold. Due to its different uses, the stocked supplies of silver is declining, meaning the demand for silver will increase for years to come. This applies to silver items like jewelry and coins as well. People opt to invest in silver coins because of the innate value that it holds, they are easy to store and transport, and silver coin investment is done more than gold in different countries. Increase in the demand for silver drives a continuous increase in silver coin prices.

Silver coins (also called silver rounds) vary in types and each of the variations has its own history. Famous types of silver coins are the Morgan silver dollars, American silver eagle, Buffalo Round, and the Canadian Silver Maple Leaf Series. If you want to start an investment, it is recommended to diversify your investment portfolio by purchasing some numismatic coins created with silver. You can make this as a part of your investment while at the same time investing in other investments. An investor needs to determine the proper amount of funds to spend for this investment. To start, here are some guidelines on investing in silver coins:

1. You can either get them from online websites, network marketing companies, pawnshops, or through hobbyists and collectors. Do not leave your personal information on a website that does not appear legitimate. Research the validity of the source and compare silver prices so you can get the best deal.

2. Coin prices depend on the mintage, age, and the condition of the coin. Validate its authenticity by the packaging, paperwork and the precious metal content. Silver cannot be attracted to magnets. If the coin sticks to a magnet, the coin is fake and contains other metals that do have magnetic properties.

3. When dealing with silver coins, you will encounter the term “Spot” value, which is the current price per ounce for the silver in it. Make sure you know this “spot” value to avoid unscrupulous coin dealers taking advantage of you. Also, verify the latest per ounce price of silver before buying.

If the global economic crisis continues to result in the decline in the supply of silver, starting to invest in silver coins can be a wise idea. The increasing value over time will help you secure your financial vision for the future. Likewise they are a neat gift to pass on to younger generations of your family.

The Best Investment Guide

The best investment guide would cover investment options and investment strategy. This investment guide would be complete and start with basic financial concepts and expand to include the entire universe of investments. That’s a tall order, so let’s just start with a simple version, and talk about all of the investments in the world in plain English.

Your best investment is a good, complete investment guide. I’ve been tuned in to the world of investing for 35 years and have read over 100 books on investments and investing. Most of them center on the stock market or some form of investment technique or get-rich-quick scheme. Many are time sensitive and out of date by the time you read them. Many tell you how to invest money like the author did when he made his millions.

What you seldom get with an investment guide or book is an understanding of investment basics and a simplified blueprint of your many investment options. So, here’s your simplest and free best investment guide to all of the investments in the world. There are only 4 different investments or asset classes out there depending on how you categorize things. Once you bring it down to this level you have a basic framework to work with.

CASH EQUIVALENTS and other safe investments pay interest. Either your principal or rate of interest is fixed for a period of time. Examples include U.S. Treasury bills, money market mutual funds and bank savings accounts. Advantages include high liquidity (access to your money) and safety, low risk.

BONDS are long-term debt instruments and they pay more interest income than the above. Examples include U.S. Treasury bonds, corporate bonds and bond funds of various types. Advantages include relatively high interest income with a moderate level of risk.

EQUITIES or STOCKS represent ownership in a corporation. Examples include blue chip stocks, growth stocks and equity funds. Advantages include ample liquidity, growth and some income in the form of dividends. Risk is significant and profit potential is high.

ALTERNATIVE INVESTMENTS is our final category. Examples include real estate, gold, and foreign investments. Advantages include high profit potential and an alternative to stocks when they are out of favor. Risk can be significant here as well.

That’s about as simple as an investment guide can get. All investment options can be fit into one of these asset classes. The important thing is that you have a perspective, and that you understand the investment characteristics of any investment before you invest money. For example, someone pitches an investment to you. Where does it fit in our above format?

How does it rate in terms of: safety, liquidity, growth and profit potential, income provided and risk? All investment options can be and should be rated in terms of the above to assure that they fit your needs and risk profile.

If you learn how to invest you’ll have a means of supporting yourself for the rest of your life. Once you have a sound understanding of investment basics you’ve built a great foundation for learning how to invest. The best investment guide would cover both.