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Posts Tagged With 'Insurance Policy'

Multiple Benefits from Home Owner???s Insurance Policy

We buy insurance all of our life. We sometimes do it indiscriminately. There are times when people will buy a home and the homeowner???s insurance policy is just something that is needed to make the closing run smooth. The home policy protects the largest asset that most of us will ever purchase and so it makes sense to learn the basics. The Homeowner???s policy has multiple benefits and features and is probably the best and most affordable policy that we will ever purchase. There is clearly a misconception about what homeowner???s insurance covers and what it does not cover. The homeowner???s policy protects us our home against perils. Perils are unforeseen events like fire or explosions. The home policy does not cover maintenance problems. This is where the misunderstanding begins. Deterioration or poor craftsmanship buy a tradesman is not covered under the homeowner???s policy. Read more…

Life Insurance Policy

It???s simple, always have your Life Insurance policy ???Written in Trust???. This may sound technical but it is easy to understand and it???s so easy to organize.
???Written in Trust??? ensures that in the event of a claim, the policy will pay directly to the beneficiaries you name on the policy when you first take it out. If you do not do this, the policy will payout to your legal estate and this inevitably means that the money stays in your solicitor???s hands for some time.

Yes, that implies legal delays and, of course, your solicitor takes a small cut!
Then, if the value of your taxable estate exceeds ??275,000, and remember your home can easily account for the lion???s share of the ??275,000 limit without much difficulty, your estate will have to pay Inheritance Tax. This represents 40% of the estate???s taxable value in excess of ??275,000. Read more…