Guide to Home InsuranceWritten by John Mussi
Here is a useful guide to Home Insurance. Home insurance covers damage from incidents such as fire, theft, and vandalism to your house, usually adjacent structures like a garage or shed, and your personal belongings. It covers living expenses if your house becomes temporarily unusable. Home insurance, also known as Household Insurance is a policy designed to cover your home and if applicable its contents against possible risks. If you have a mortgage, your lender will insist you have buildings insurance. There are two types of home insurance - contents insurance and buildings insurance Contents insurance is designed to cover your possessions if in home in circumstances where you suffer a burglary or you have an accident where damage is caused. Buildings insurance is designed to cover actual building you live in- bricks, roof, floors, doors and windows and general building structure from naturally occurring events and where applicable accidental damage. Buildings Insurance Policies usually cover, natural events such as fire or flood, storm or lightning, burglary or damage from attempted burglary, subsidence or heave, burst pipes, water tanks or boilers. Contents Insurance Policies usually cover, loss of possessions resulting from a burglary, damage to possessions caused by burst pipes, water tanks or boilers, damage to possessions arising from fire/theft or natural events.
| | Consumer credit 101- What You Absolutely Need to KnowWritten by Amit goel
There are plenty of free credit reports offers on Internet these days. Credit report is basically your financial resume, so make sure it is correct and protected from hackers or being theft. Your credit rating is what opens and closes these seemingly magical financial doors. The secret to your credit score is found in your credit report. Creditors use your credit report to find out whether, you are eligible or not for great deals they are offering like “free credit reports” or “Great Low Rates on Approval!” etc. Credit reports are not only used for lending money but it also helps in finance from bank and mortgage loans.What is consumer credit report? A consumer credit report is a document, which gives factual information of an individual’s credit payment history. In other words it contains your personal and credit statements, reputation and your life style. It also tells whether you’ve been sued, arrested, or filed for bankruptcy. It doesn’t tell only your social security id or address proof but also tells your credit statements like how habitual you are in paying your debts, credit card report and history of bank statements. Knowing what is in your credit report should be first step you should take before attempting any type of financing. Credit Bureaus or Credit Reporting Agencies are in business of gathering information about a person's credit history. They collect information about consumers' financial situation from various sources including banks, savings and loans, credit card companies, and other financial institutions. There are many credit bureaus in United States of America but only a few main ones. Those three are trans union, experian and Equifax. Free credit reports from credit reporting agencies are available depending on your situation and state in which you live. Consumer reporting companies sell information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.
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