Four Ways a Condo Warranty Can Benefit You

We have all had a dishwasher that puttered out or a washing machine that sat idle with clothes floating in a well of water. Fixing creaky old appliances can be costly, and it often seems there is no way of avoiding such expenses. However, many owners and renters have found a solution: purchasing a condo warranty.

Unlike insurance-which covers natural disasters, calamities, and theft-a warranty is a service contract that, among other things, covers major appliances for members of a condominium. These warranties are specifically designed to work within the existing support structure and services provided by your association, so you only pay for the protection you need. Here are four ways a condo warranty can benefit you.

Covers Major Home Appliances and Systems

While the definitions of major systems and appliances may vary from policy to policy, a condo warranty will typically cover HVAC, plumbing, electrical, hot water heaters, garbage disposals, dishwashers, stoves and ovens, washers and dryers, and garage doors. Refrigerators are often covered when they are in the property at the time of purchase. This can be even more beneficial in the event that a retailer or chain goes out of business and/or any coverage you have on the product lapses.

Enhances Market Value

Condo warranties are, in general, cost-saving tools when it comes to maintenance. However, they can also be an enhanced benefit in a competitive seller’s market because they increase a unit’s marketability. According to the National Home Warranty Association, units on the market that covered by warranties tend to sell about 50 percent faster than homes that are not.

Protects from Potential Post-Sale Legal Disputes

Warranties generally protect the condo’s seller from post-sale legal disputes. They allow for the purchaser to invest with confidence, as they are given more security than what is offered by a statute of limitations, which, in most cases, only lasts four years. On the flip side, sellers can avoid legal disputes based on faulty or dysfunctional appliances and systems because they are covered. Of course, reviewing the fine print for specifics is always highly encouraged before purchasing a property.

Provides Peace of Mind

Out of the nine most crucial appliances in the home, at least one is expected to break down at some point in its 13-year average lifespan. A new buyer is assured some peace of mind in knowing that if something goes awry with any of the condo’s major appliances or systems, they will likely be covered by the warranty.

Are You Self Employed?

Running your own business can be a rewarding experience.

You can make your own decisions, avoid the daily commute and choose to work only with those people with whom you feel compatible.

That is not to say that it is all plain sailing. You may have to deal with unhappy clients or customers, there will always be one or two that don’t pay your invoices and you also bear the costs of both buying, maintaining and replacing equipment.

There are several types of insurance that can take some of the potential worry out of being your own boss, depending on the nature of your business and its location.

If you are providing services primarily from an office, are you working from home? Do you have customers or clients coming to see you?

If you are working from home and do have visiting clients, you may have to consider taking out some form of public liability insurance since you might be liable to a claim if they suffer an accident or injury while on your premises.

While you may do your utmost to provide the best service possible for your clients, problems can occasionally arise where a client is dissatisfied with the work. Professional Indemnity insurance is offers professionals with the protection they need against liability as a result of such claims.

Whatever the type of business it is likely that you will have to provide your own equipment to do the job. This can be anything from IT equipment to the tools of a trade. Setting up with the right gear can be costly and if anything is either damaged or stolen the consequences if you are self employed can be considerable if it means you are unable to continue earning a living.

It is particularly important to those whose business means they have to visit customers’ premises to carry out work, meaning they will have to have a van and carry their equipment and tools with them.

In some cases loss of or damage to essential equipment can be added to a professional indemnity policy but it may be that the limit on the value of what is covered means that it would be better to take out separate cover for expensive tools and equipment, as well as van cover.

Specialised professional insurance for anyone who is running their own business can take away a lot of the worry and uncertainty that comes with the territory.

4 Pillars of Protection – Products To Consider In Your 4 Pillars of Protection Insurance Portfolio

With a wide range of insurance products available today it is important to understand the differences and benefits to you and your specific situation. A basic portfolio for any person but more specifically for a self-employed person should encompass the 4 following aspects.

Disability

By far one of the most important products for anyone, specifically self-employed people is disability insurance. We all work to handle our weekly and monthly expenses in addition to providing the “little extras” if we have anything left over. Employees of a company for the most part will have benefits provided to them however, being self-employed our livelihood depends on our ability to go to work and earn an income. In the event your ability to work is suddenly removed, disability insurance could be the key to your survival. Your income is the fuel for everything. Remove that and over time all else will fall apart.

Life Insurance

Life insurance has so many uses that it could essentially apply to everyone. However, the general consensus of life insurance is that it is suitable only for people with a family. This couldn’t be further from the truth. Life insurance can be used to protect a debt over a period of time, provide for your survivors after final expenses, or give to a charity upon your death. For people who would like the idea of having a benefit as well as a savings or investment vehicle, life insurance could also be an option for you. Life insurance must be carefully evaluated to ensure that it is structured properly based on your specific situation.

Critical Illness

In my experience I have seen this product misunderstood the most. The important thing to understand about CI is that it will pay a lump sum benefit in the event you’re diagnosed with a “specific” covered illness. Most CI products will protect against heart attack, cancer, and stroke however, each policy will differ between companies for other covered illnesses beyond these. Do not make the mistake like most do in thinking that this operates like disability insurance. Yes, they are both living benefits but they provide protection in varying ways.

Investments

Within financial circles it is encouraged to have a minimum of 6 months of disposable “liquid” income saved. For most people this is a tremendous feat and some people often throw their hands up in the air and forfeit the idea that they too can have investments. Life insurance can be designed in such a way that not only do you have protection but also an accumulating asset. Outside of life insurance there are many ways to protect and grow your money. The concern for most people is having a large sum of money lying around to be able to invest. If you don’t have a large capital to start with always remember that it is better to start somewhere, even small if needed than to not start at all.

As an independent insurance advisor and income protection specialist for almost a decade, Ryan has been providing clients with customized personal insurance and financial solutions through disability, life, critical illness, long-term care, and other personal insurance products while providing strategies for hedging income and preserving wealth.

Why Do I Need an Appraisal on My Taxidermy Mounts?

The phone rings and the first question is “why do I need an appraisal for my taxidermy mounts”? Answering this question is easy, do you realize what you have invested in your trophies? Do you know the current replacement value of each taxidermy mount? Most hunters have never stopped to actually think about the investment that they have in all their taxidermy mounts. Also they don’t have a list or pictures of each mount.

It is very important to have all your mounts cataloged and multiple photographs of every trophy mount available incase of a disaster. Keeping an electronic copy in the cloud or burnt on a CD in multiple places is and excellent idea. You could also have a bound copy or two at different locations, copies can be printed and bound at most office supply stores.

I would highly suggest getting a certified personal property appraiser to do this all for you, they will provide you an insurance appraisal. This report should include three photographs of every taxidermy mount along with the current replacement values for each trophy. The appraiser should deliver to you at least one printed and bound report and a PDF copy of this report. I would suggest burning the PDF on a number of CDs and file them away at other locations then where your trophies are located.

So the answer to why you need an insurance appraisal for your taxidermy mounts is because you don’t have one and the information is vital to have available. Getting an appraisal is a small investment to cover your large investment. Your appraiser is required to keep on file your information for 5 years, this is another place where there will be a copy of your investment in your taxidermy mounts.

You can search taxidermy appraiser and find a qualified person on the internet, feel free to call them and ask questions.

Look Beyond Traditional Ways to Take Care of Your Newborn Baby

A newborn baby brings bundles of joy and happiness in the family. When a baby is born, it is said that the parents are blessed with the baby. This statement in itself is sufficient to explain the importance of a newborn in the family.

It is the prime responsibility of parents to take care of the newborn in the best possible manner. There are times, when a baby requires to go through some immediate medical care in order to adjust as per the world. Sometimes, babies are born with some birth related issues and thus, require treatment.

In India, a large number of people get health plans so that their health care needs are met. If you are working in private sector, then your company may have taken a group insurance policy under which maternity is covered comprehensively.

But, most of the times, medical insurance including the group insurance policies do not cover a newborn baby. The reasons are quite apparent. There are lot of possibilities that a newborn requires medical treatment immediately after birth and thus insurance companies do not want to spend their revenues on such well-recognised possibilities.

Is there any way out? Yes, of course, if your employer’s group health insurance policy does not cover newborn baby, do not worry. There are some specific health plans, which cover newborn babies right from the birth.

In order to avail this facility, you have to buy a separate policy. Star Comprehensive Insurance, for instance, is one such policy which covers delivery related complications as well as the newborn baby.

The plan covers delivery whether it is normal or caesarean plus all the pre-natal and post-natal expenses are also covered up to a certain limit. This limit is ascertained as per the amount of premium you pay.

The plan also covers vaccination of the child. Yes, only a handful of plans cover vaccination because that is a sure shot expenditure one must incur.

The only thing which you have to take care is that you have to be the policy holder for at least thirty six months prior to taking the above benefits.

Religare also offers a health insurance plan called ‘Joy’, which covers maternity as well as newborn baby without any condition on a specific period.

If you have any other Medical plan, then you must check its conditions. Most of the times, policies provide coverage to newborn babies after 90 days of delivery. This way, a health insurance companies saves itself from settling claims arising out of health care for the newborn baby.

Comparing health insurance plans is a cake walk, today. Just visit a credible insurance comparison portal and shortlist the best-possible plans. The best part is that you can buy your insurance plans online and make payment through credit card. This provides you benefits of cash back and credit period offered by credit cards.

Plus, you become eligible for better coverage and facilities since your health insurance company does not have to pay hefty commission to an insurance agent. This benefit is passed on to you, in many ways.