July 17, 2008 at 12:00 am
· Filed under Insurance
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If you are considering buying a new home, then you may already know that there are many requirements that potential home buyers must meet. One such requirement is private mortgage insurance.
Private mortgage insurance, or PMI as it is commonly called, is a form of insurance that is designed to provide protection for the lender against non-payment, should the borrower default on a mortgage loan. The primary benefactor of mortgage insurance is the lender. There are no protections afforded to the borrower with these kinds of policies. You should understand that when you purchase PMI coverage, you are paying premiums with every mortgage payment to protect your lender.
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July 17, 2008 at 12:00 am
· Filed under Insurance
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Riding a motorcycle is completely different to driving a car. Your insurance needs will be different as well. We have outlined a few key tips to make sure you have proper coverage for your motorcycle.
Verify your policy. Make sure your coverage is limited. Some companies have a winter layaway period where some policies are restricted. You will want to contact your insurance company to make sure you are not limited in any area during any particular season such as winter.
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