Tech & Tips

Why A Personal Accident Insurance Policy is The First Insurance That You Should Buy? Chances are high that you might have already bought term and health insurance policies and now you are happy that you have properly protected yourself. But before you put your insurance planning on a back seat, it is necessary to find out the gap in your insurance portfolio. Your term insurance policy will pay money to your family only if you die. In case you survive the term, you will not get anything in return. What if God forbid, you have an accidental disability which causes loss of income as well? In addition to medical expenses, there will be other expenses like household expenditure, loan EMIs etc.; which you would have to deal with. However, without income, you might find it difficult to deal with all these expenses. On the other hand, because you are alive, your term insurance company will not pay anything. Consequence: You will have to pay all your medical expenses withou...

Learn About the Mortgage Insurance Premium Tax Deduction Mortgage insurance premiums  can increase your monthly budget significantly. They averaged between $100 and $200 a month as of the end of 2016. But sometimes they’re tax deductible—at least through the end of that tax year. The Protecting Americans from Tax Hikes Act  The Tax Relief and Health Care Act first introduced the mortgage insurance  deduction  in 2006. Congress extended it in 2015 when it passed the Protecting Americans from Tax Hikes (PATH) Act. But under the terms of the PATH Act, the deduction expired on December 31, 2016. The extension was only good for one year. The deduction may not be gone for all time because Congress can renew it. This is one of those deductions that the government reviews annually, and it may be addressed under President Trump’s tax reform bill, which he has said is aimed at helping middle-income families. Taxpayers...

10 Tips On How To Lower Car Insurance Rates In 2018 Car insurance rates have been increasing, overall, for the past few years, and that trend is expected to continue in 2018. The number of customers receiving an annual rate increase of more than $200 per vehicle has more than doubled during the past four years, according to J.D. Power’s 2017 U.S. Auto Insurance Study. Why is car insurance is so expensive? Spiking rates are due to a variety of factors. In addition to insurers having to recoup losses from hurricanes, people are driving more, which is causing more accidents, and that means higher costs for insurance companies, which is then passed on to you in the form or rate hikes. Also, repair and medical costs are increasing, making accidents generally more expensive. Consider the following: More car collisions, more claims:  The percent of car crashes classified as “one vehicle colliding with another” climbed to 73 percent in 2014, a 20-year high, according to the ...