9 Year Mortgage: discusses insurance coverage
9 Year Mortgage has provided the following information to help you make difficult insurance decisions:
Coverage for your animals
In many cases pet policies won’t cover procedures that animals like yours commonly need as they age and you can be required to spend large amounts out-of-pocket for your pet’s health in addition to insurance costs. This type of insurance is far too limited and instead of paying for pet insurance, 9 Year Mortgage recommends making regular deposits into a savings account for pet related emergencies.
Service contracts for your home
While insurance on the machines you use daily and other components of your home needs your consideration, most often putting money into your emergency fund is the best way to prepare for repairs or replacements of the equipment in the home. Preparing yourself for small emergencies in your home you will allow you to avoid the high cost of deductibles as well as other fees. Saving for minor mechanical break downs in advance is your best bet most of the time.
Additional coverage for electronic devices
Depending on the cost of your purchase, the top warranty can be good idea but, don’t be misled by the vendors. Make sure not to pay more than ten percent of the cost of the item on a warranty. Additionally, most electronic company or product makers will include a warranty of some kind automatically. Be aware of what coverage comes with the device and if the company’s coverage will meet your need then there is no need to pay for supplementary coverage.
Smart phone coverage
Even if you’re only paying a small portion of your monthly bill towards insurance for your cell phone in the long run you will have spent a substantial sum for coverage you may or may not use. With certain plans you will still be required to pay a fee if your phone is damaged and might receive a used phone as your replacement instead of a getting it new. If you find yourself misplacing cell phones or they are often damaged you are possibly a good candidate for phone insurance otherwise, save your old phones and revive them if needed.
Protection from identity theft
Having someone steal your personal information can be extremely traumatic however, in the U.S. parameters are in place to keep you from pay the monetary losses in the event of identity theft (depending on the situation). The Federal Trade Commission is a good resource if you want to learn more about your rights as a consumer.
Coverage for the big day
With a large event like a wedding, things can go wrong from time to time however, insurance for a wedding is nonessential. To insure you don’t get ripped off make deposits on your credit card and not in cash. Often the credit card company will protect your investment. Also, keep in mind that the coverage you have on your home will take care of important items you keep at home.
Insurance for your trip can be a big help when you travel however, your credit card company may already have comparable coverage for traveler’s purchases. If you get travel coverage make sure you understand the policy on health issues to insure you’re covered if a health difficultly should occur. As far as flight insurance, 9 Year Mortgage advises you to not purchase it; as long as you have life insurance you already have the coverage you need if the plane were to crash. If you travel frequently be sure you have your insurance information available to you and can access your coverage when you need it.
Must have coverage
It is indispensable to have adequate health insurance. If you are unable to pay for complete coverage at least have a plan that covers large emergencies you can find this type of plan with low monthly payments and therefore higher deductibles. Many people can’t ever recover financially from the impact of not being insured and having an unexpected medical calamity. Avoid potential financial ruin by having the medical coverage in place regardless of how tight money is.
If you drive, you legally must have insurance and if you are still making payments on your vehicle you will be required to have accident coverage as well. When driving, have at least liability coverage this will let any accidents to be handled through an insurance company and will save you further stress in the event of an accident. Don’t go without it!
This type of insurance fills in the holes left by your other insurance plans and helps cover damages in a lawsuit. Having umbrella coverage is not expensive when compared to how extensive the coverage is. 9 Year Mortgage believes this is worth your while coverage when circumstances allow for this expense.
Insurance for renters
You can often find amazing deals on rental insurance from the same company you buy auto and life insurance from. 9 Year Mortgage encourages you to get this type of coverage as a renter because it offers a wide range of protection (including: natural disasters such as fire and the loss or theft of belongings).
In order to find quality insurance within your budget 9 Year Mortgage advises the following:
Take time to understand a potential policy and what it doesn’t cover, feel free to ask your agent questions. Be sure to seek out an agent who is legitimate and licensed and ask about how you can save money through multi-policy offers and deductions. It is also wise to find out what assurance you already have through your credit card provider.
9 Year Mortgage sees the positive impact of being properly insure on spending habits and encourages you to research and get the right coverage for your needs.
Will The 9 Year Mortgage Plan Work For Me?
To learn more about 9 Year Mortgage, and to find out if you qualify for the 9 Year Mortgage program. Find out how soon you could be completely debt free, including your mortgage, with the 9 Year Mortgage Financial Plan. Find out what thousands of satisfied clients already know about taking control of their finances, and using the power of reverse compounding interest to beat the banks at their own game! 9 Year Mortgage representatives are standing by to answer all of your questions about our program, including how soon you will be debt free, and how much money you will save in interest! For more great money-saving ideas visit 9 Year Mortgage on YouTube or go directly to the 9 Year Mortgage Money Saving Minute. 9 Year Mortgage recently launched their Eliminating Debt with 9 Year Mortgage site , which is also full of valuable, free information.