April 18, 2013
Choosing a new boiler as part of the latest home improvements can be a hard enough job as it is, without even thinking about the type of British Gas boiler cover to purchase to ensure it’s protected. As with the boiler itself, when making a decision on boiler insurance, you need to shop around to find the best option for your personal requirements.
What sort of cover do you need? What do you want to be included as part of the monthly premium? Maintenance costs, servicing and repair all need to be considered to ensure that you can make the best decision for your household.
- Boiler and Controls breakdown cover is one of the most basic types of insurance and can cost as little as £4 a month. The aim of this cover is to ensure you receive the help of specialist engineers in the event of boiler breakdown.
- Central heating breakdown cover can be taken for as little as £6 a month and extends the above cover to include your central heating as well as your boiler. If your central heating system conks out, having this cover could help get your heating up and running again.
- Homecare is a British Gas initiative that is highly recommended for homeowners throughout the UK. It helps to cover the cost of boiler maintenance, faulty electrics and damaged pipes as well as having an annual boiler service and efficiency check included.
- HomeCare 100 is £9pm and includes an annual boiler service and boiler and controls cover.
- HomeCare 200 is £11pm and also includes central heating cover.
- HomeCare 300 is £14pm and covers drainage issues too.
- HomeCare 400 is the ultimate package, at £17pm, and includes all of the above and electrics cover as well.
Regardless of your personal budget, signing up for boiler insurance is a sensible premium to consider. After all, what’s a few pounds a month if it helps to pay for a job that would otherwise cost hundreds? Take a look at the options available and give yourself the peace of mind you deserve as a homeowner.
, Safety Measures
April 8, 2013
A key issue to consider if you become unemployed is the loss of your health insurance coverage. You won’t want to be without it, but you will also have to face the fact that it can be quite expensive. Consider the choices you have and how you can make use of them as you hunt for a new job.
What you can expect
At the time you are laid off, your employer should provide information regarding the health benefits available to you at. In addition, if you feel that the information you are given is insufficient, find out if you can continue your coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA).
What you should know
Note that the law requires your employer to make health insurance available to terminated employees for 18 months via COBRA, usually at their expense. However, some employers provide this insurance in the severance package they offer for a specified time. To obtain this coverage, you must enroll within 60 days.
What you can do
You can also get in touch with your state health department because a number of states offer health insurance that covers families and individuals for a fee. If this is true in your case, you will have to meet certain asset and income requirements in order to participate in the plan.
Above all, don’t delay in looking for health care insurance that is right for you, and avoid making an uninformed or hasty choice that you come to regret. If you have a pre-existing condition, you have 63 days to find other coverage and avoid a waiting period in your situation.
Here are some options for you to consider:
With a major medical plan, you will pay a premium that is really affordable by choosing a high deductible. However, while this program will cover you if you face a medical event that is catastrophic, you cannot rely on it for in routine, predictable health care situations. You can also opt for less-expensive short-term medical insurance coverage that will expire in six or twelve months.
If you want to find an insurance plan with a lower premium, you can also look for one that doesn’t provide treatment at many facilities or find an inexpensive medical plan without a deductible that includes coverage for your basic health care needs, such as a brief hospital stay or a routine office visit. In addition, determine whether any school alumni associations or insurance companies in your state provide temporary medical coverage for the unemployed that would meet your needs.
Certain members-only warehouse clubs, trade associations and unions also provide various types of medical coverage, such as vaccinations and screening, and you can contact them for information.
While being unemployed reduces your income and a pre-existing condition may keep you from qualifying for the various options mentioned above, assistance from your state or certain high-risk pools may help you in paying for your medical coverage until you find a new job.
If you are an unemployed worker under the age of 26, you can be covered by your parents’ group insurance plan. This is part of the health care reform bill, and you don’t have to be a dependent or a full-time student to qualify.
Determine if your children can participate in the Children’s Health Insurance Program (CHIP), which is available in every state.
If you currently participate in the Temporary Assistance for Needy Families (TANF) program that means that you are eligible for Medicaid. Others may also qualify for this assistance, depending on the income and resources currently available to them.
Article inspired by iSelect.
, Health Insurance
February 14, 2013
If you are considering purchasing a life insurance policy in order to protect your family in the event of your own untimely demise, there are a few different types of plans that need to be taken into consideration. Each has their own pros and cons, and covers you in a variety of different types of situations. Several of the more common types of life insurance policies that you should study in-depth include;
Term life insurance is the most basic form of life insurance that currently exist. You purchase coverage for a price, for a specified amount of time. If the individual that owns the policy were to die at any point during that time, the beneficiary of the policy would receive the value of the policy. It is easy to see why term life insurance has become a popular option for individuals that want to secure their family in the event of their untimely passing.
Whole life insurance is actually very similar to term life insurance, but differs in one major aspect. Instead of only covering you for a specified amount of time, whole life insurance actually covers you for the entirety of your life. With the purchase of your policy, premiums for whole life insurance will remain constant throughout the life of the policy.
Universal life insurance is another common type of insurance that is offered by a wide variety of different companies. Universal life differs from the other options because it allows you to place any amount into the plan, over a set minimum premium amount. The company will in choosing investment vehicle, usually consisting of bonds and mortgages. The returns from these investments going to cash value account, which you can use against premiums, or allow you to build upon your policy. Depending on the type of universal life insurance policy that you choose, the beneficiary you may receive different types of payouts, with the most common type of payout being the face value of the policy based on the investments and premiums.
Another common type of life insurance is variable policy life insurance. With variable life insurance, there are going to be a wide range of different investment products that are available to you, including stocks that allow you to grow your life insurance fund for your beneficiary. Returns on investments can offset the cost of premiums with these plans, and beneficiaries usually receive either the face value of the policy, or the face value of the policy plus part of the proceeds found within the cash account.
, financial planning
, life insurance
February 13, 2013
Renters insurance is certainly worth the expense and there are a lot of reasons why. As a renter, you have an obligation to insure the possessions in your home. While this may seem voluntary, most landlords require renters insurance. They do this because renters insurance is generally inexpensive, usually costing about $15 per month. The amount of money you are insured for can be as high as $25,000. This provides you with a lot of financial protection, for a very low price. Landlords see renters insurance as a responsible thing to purchase and they will sometimes not allow tenants into the facility without it.
Renters insurance covers your possessions
If you own a computer, television, phone, or expensive furniture, then renters insurance is very important to have. It covers virtually all of the items in your home up to a certain amount of money. The amount that you are insured for is generally somewhere between $10,000 and $25,000. This provides you with financial support in case your possessions were to get damaged or stolen.
Renters insurance provides coverage under many circumstances
Renters insurance can actually cover you in a wide variety of circumstances. This includes fires, floods, hurricanes and even theft. Therefore, if your items are damaged in a storm or if they are stolen by a criminal, then your insurance company can cover the replacement costs. It’s very important to have this available because bad things can happen unexpectedly. You never know when someone could break into your home or when a storm could hit. If it happens to you, you’re going to need the financial assistance.
Why is renters insurance inexpensive?
Renters insurance is affordable because the insurance companies do not have to charge a very high premium for the coverage. Renters insurance is purchased by millions of people, amounting to a substantial amount of profit for the insurance company. Very rarely do hurricanes, floods, or fires occur. Similarly, theft is not a very likely scenario when you are renting. This means that the likelihood of you having to use the insurance policy is low, as it is for everyone else on renters insurance as well. However, it’s still important to have as a safety net between you and a potential financial crisis. Since most renters insurance policy holders will never have to put the plan into effect, the insurance company collects a lot of money and this allows them to price their policies affordability.
, Financial Decesion
October 15, 2012
Payment Protection Insurance is an insurance typeproposed by lending corporations to individuals to help defend their loan and credit payments in case the individualscannot make the planned payment. PPI is intended to pay the debt if the individualloses his/her job, meets with an accident that prevents from working, or any sort of severe medicalissue. PPI differs from company to company. Like all sorts of insurance, PPI offers range of advantages.
Individuals, who are engrossed in buyingPPI,should go through the terms and conditions before moving forward to signing a PPI agreement.
Payment protection insurance is intended to keep off the debts if you’re unable to work due to some accident or some permanent disability. The PPI Claims would help you pay the regular amount of money to cover your loans and mortgage payments credit and store card payments. The lender company would pay the monthly payments for duration of twelve to twenty four months or until you get fit enough to start working again.
Other benefits of PPI claims are:
The PPI Company provides beneficiaries of payment protection to the customer. This would ease customer’s burden in the tough financial situation with minor extra fee that would be later added in your loan payment amount.
Even if the individuals are working and in good position with the PPI company can qualify easily for PPI. The details of PPI information along with billing statements are mailed to individuals so that can keep track of payments. The service to ask questions about the bills to online customer service is another facility provided by the lending company nowadays.
Most credit card companies and lending companies mail out PPI information with monthly billing statements. They may also offer the service to customer when they call in to make a payment or with questions regarding their bills.
Another facility provides by lending companies is the instant coverage. As soon as the individual agrees with the terms and provides the supporting documents, the PPI insurance is executed immediately. Some of the insurance companies offer waiting period of 4 months. The duration varies from lender to lender.
The money problems of the individual can be eased during the tough job times like during the recession or job uncertainty period or during the times when you could grab another job.
At times you invest all of the money in loans for your dream house or cars with some or almost no savings PPI claims can work leaps and bounds and help you escape the difficult financial circumstances without giving up your house or car dream. The PPI lending companies have come up with various facilities. It is up to you to select the one that suits you the best in the current situation.
, financial planning
, personal finance