Insurance

Financial Advantages of Buying a Home If Married

Tue, 28 May 2019 17:34:22 +0800

Couples who choose to file their taxes as married filing jointly verses married filing separately will experience several financial advantages when buying a home. In addition to receiving a higher deduction for a mortgage, married couples also have a higher threshold when it comes to capital gains.

Are Service Dogs Covered by Insurance?

Thu, 23 May 2019 20:04:19 +0800

Service dogs are trained to help people with disabilities perform tasks that might otherwise be difficult. Because of the extensive professional training many service dogs undergo, they are often very expensive to purchase. Medical insurance companies don't cover this cost, but other options exist.

Can I Deduct Rental Expenses If My Property Is Vacant?

Thu, 23 May 2019 20:04:19 +0800

If you own a rental home, you know there may be times when it sits empty. When that happens, you'll likely want to know whether the expenses on that property can be deducted on your taxes. The truth is, it depends. You can't claim expenses if you're using it for personal use or relatives stay.

Do Rottweilers Raise Homeowner's Insurance?

Thu, 23 May 2019 20:03:10 +0800

Some insurers will charge you more for homeowners insurance or renters insurance if you have a certain breed of dog, including Rottweilers. Other insurers say they don't discriminate based on breed but may ask about the dog's history. Some states ban insurance discrimination by dog breed.

How to Cash a Check Made Out to an Estate if You Are the Beneficiary

Thu, 23 May 2019 20:03:05 +0800

A check made out to a deceased individual or their estate can only be cashed by the executor of their estate. The estate executor usually creates a bank account for the estate, and it is through this account that checks are both written and cashed. At the close of probate, this account is closed.

If I Get Married & Am Pregnant, Will I Be Covered by Insurance?

Thu, 23 May 2019 20:03:05 +0800

Maternity care and childbirth are considered essential health benefits. That means all health insurances and Medicaid plans have to cover both of them, even if the pregnancy has started before the coverage takes effect. It became mandatory in 2014, under the Affordable Care Act ( ACA).

How Long Does It Usually Take an Insurance Company to Offer to Settle in an Auto Accident Case?

Thu, 23 May 2019 20:03:04 +0800

After an auto accident, you likely want your payout as quickly as possible. But the length of time between filing a claim and getting a check can vary, so it's important to be patient. If you have injuries, you may even have to wait for treatment to complete to get the money you're due.

What Is HOB Insurance?

Thu, 23 May 2019 20:03:04 +0800

HOB insurance is a type of homeowners insurance policy that covers both the structure of your home and the personal property within it. HOB policies use an open peril structure to protect the home itself, but they use a named peril structure when it comes to the contents of your home.

Why Is My Insurance Claim Check Made Out to Me & My Mortgage Company?

Thu, 23 May 2019 20:02:57 +0800

When you have damage to your home, you'll wait for a check to be issued from your insurance company, only to find that the check is made out to both you and your mortgage company. The reason for that is that the insurance company is bound to put everyone with an interest on the check.

Questions About Mortgages: Conventional, Insured & Uninsured

Thu, 23 May 2019 20:02:57 +0800

A conventional loan is one that is not government insured and may have a higher interest rate with flexible terms, like adjustable rates. Government-insured loans have more eligibility requirements. Privately insured loans are typically when you make a down payment of less than 20 percent.

Rules for Renting to a Relative

Thu, 23 May 2019 20:02:56 +0800

Renting a property to relatives follows many of the same rules and regulations as other rentals. Depending on local ordinances, you may or may not need to register the property when renting to relatives, but signing lease agreements and charging a fair market value remain consistent.

What Does Mortgage Insurance Cover?

Thu, 23 May 2019 20:02:56 +0800

Mortgage insurance is generally required by lenders if a borrower has less than 20 percent equity in the home. It protects the lender in case the borrower defaults on the mortgage, which is more likely the less the borrower has invested in the dwelling. It's important to know how it works.

Can I Claim My Auto Insurance Deductible on My Taxes?

Thu, 23 May 2019 20:02:50 +0800

If you were in a car accident and it was not your fault, you can claim the damage or loss on your taxes. If you were at fault, however, you cannot claim a deduction. The IRS does not allow deductions on the first $100 of loss, so determining the correct deduction requires a bit of math.

What Happens if I Pay My Car Insurance After the Due Date?

Thu, 23 May 2019 20:02:50 +0800

No one goes through life without accidentally missing paying a bill. If this missed bill is your auto insurance, there could be repercussions beyond the late fees you pay with other companies. You may find that your policy is canceled, which can cause you to get a pricy ticket if you're pulled over.

HOA Put a Judgment Against Me for Not Paying HOA: What Can I Do?

Thu, 23 May 2019 20:02:49 +0800

Not paying your HOA dues can be a problem, especially if the association comes after you for the fees. If you continue to neglect paying, the HOA may take you to court, at which point a judgment could be levied against you. When that happens, your best course of action is to pay the amount.

Does Car Insurance Count As Debt When Looking for a House Mortgage?

Thu, 23 May 2019 20:02:48 +0800

Lenders look at various statistics to determine whether you will be able to pay a monthly mortgage. One of the factors they consider is your debt-to-income ratio. However, as long as you stay on top of your monthly insurance payments, car insurance does not play a role in this ratio.

Can I Claim Homeowner's Insurance on My Taxes?

Tue, 21 May 2019 17:32:36 +0800

Generally, you can't claim your homeowner's insurance on your taxes. There are some instances, however, when you can. These include if you use your home for business or if you rent your home out. There are also partial tax breaks that you can get if you suffer damage to your home or property.

Copay vs. No Copay

Thu, 25 Apr 2019 17:45:09 +0800

When signing up for health insurance, you may be asked to choose between plans with a copay and without. It's important to know what a copay means for your bank account, since you'll be required to pay whatever your co-payment is out of pocket at the time medical services are rendered.

What Are Household Assets?

Thu, 25 Apr 2019 17:45:08 +0800

Tracking your household assets will help you insure them and replace them if they are ever stolen or destroyed by fire or other disaster. Another benefit of knowing the value of your assets is in determining your net worth, an important number to track as you’re working toward your financial goals.

Does Homeowners Insurance Cover Running Into a Garage Door With Your Own Car?

Thu, 25 Apr 2019 17:44:06 +0800

If you accidentally hit your garage door with your car, don't panic. Your insurance may cover the damage. But whether your homeowners insurance or car insurance pays for it depends on a variety of factors. If someone else hits your garage door, their auto insurance should cover the damage.