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What Is Specialty Lines Insurance?

Have you ever wondered how someone might insure their home made airplane, or the private island they own someplace not even listed on a map? What about celebrity insurance, and Betty Grables million dollar legs? There are always going to be some people who create, or posses something of unusual value. There will always be a few people so daring that they become an unusual Risk. Not everyone will have legs with a value of a million dollars, but for those who do they will need to find insurance in the “Specialty Lines” market. Specialty lines insurance markets are a … Continue reading →

Insurance Blog Week In Review August 1-7, 2007

Insurance Term Of The Week: Binder Wednesday August 1, 2007. With all the recent news about Lindsey Lohan’s problems a few recent quotes from the Hollywood reports bring up my area of expertise, Insurance! There has been a bit of chatter about the fact that Lohan may now be “uninsurable.” So what does this really mean when it comes to Movie Insurance? Thursday August 2, 2007. When we think about movie stars, singers and other celebrities it shouldn’t seem strange they may want to insure their assets. The history of celebrity body parts insurance is an interesting insurance market most … Continue reading →

How to Avoid Auto Insurance Cancellation

One of the most costly and difficult things to overcome is having your insurance policy cancelled. A cancelled policy is never a positive mark on someones insurance credit score history. Cancellation usually means the insured policy holder has caused the insurance company a reason to deny accepting the risk any longer. The most common reason for an insurance company to cancel an Auto Insurance Policy include: It all starts with the original Application a person submits when asking for insurance coverage from an insurer. The insurance company has the right to cancel a new insurance policy any time and for … Continue reading →

Insurance Terms: B

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Beach And Windstorm Plans: are state-sponsored insurance pools selling property insurance coverage to cover losses caused by the Peril of Windstorm. Benefit Period: A health insurance term used to define the number of days benefits will be paid for claims made by named insured and other dependents covered on the policy. A Binder is a temporary authorization of insurance coverage issued … Continue reading →

What is an Insurance Binder

The general definition of an Insurance Binder is a temporary insurance contract that provides proof of coverage until the permanent policy is issued. A Binder is insurance coverage and can be offered verbally or in writing from an agent or insurance company. Binders offer temporary insurance coverage for a stated period of time to complete underwriting and issuance of the insurance policy is finished. The actual point of coverage may be different from state to state and may also be different for depending on the policy. Insurance companies appoint an agent and give them permission to “Bind” a specific amount … Continue reading →

Buying A New Home? Don’t Forget Your Insurance Binder.

We made an offer on our dream house last week! Isn’t it pretty? Now we have so many things to do just to get ready to move it’s easy to overlook one thing or another. Packing and cleaning our current house and getting it ready to sell, changing all the utilities, addresses and other important things is high on our list. We have 30-days to close this deal and a lot of work to do just to get ready. The first and most important step has been making sure we have our mortgage loan started. In just a few weeks … Continue reading →

Build a List of Service People to Save

When your pipe breaks, do you reach for the first local plumber that you can find? If so, you may be paying more for your services, a lot more. To prevent having to pay top dollar for the services you need, you can build a list of reputable and reasonable service people now, before you need them. This works for service for your home and for your health. First, determine where you would like to keep your list, electronically or in a home binder. Next, figure out the service people that you may need. If you have someone for the … Continue reading →

Software Helps You Leave Legacy For Your Descendants

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As a genealogist, you spend your time searching for information about the lives of your ancestors. Have you ever given thought about how to leave your own, personal, legacy for your descendants to find? Do you have things that you want to say to living family members, or advice to give them, that you feel that you just cannot say at this time? Perhaps the software from Legacy Quest is just the thing you need. Legacy Planner Online was created by the LegacyQuest company, which is located in St. George, Utah. The purpose of the Legacy Planner Online was to … Continue reading →

Estate Planning Tips

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Having a child with special needs means planning for her future more extensively than you would your other children. It also means planning for her day-to-day care after you have passed away. There are many important details to take care of to ensure the best possible life for your child, including estate planning. The laws can be confusing, so you should contact a professional with experience in special needs planning. Here are some tips from the pros: Make a Binder. Bernard A. Krooks, J.D., CPA, LL.M, CELA, is a founding partner of Littman Krooks LLP and an expert on special … Continue reading →

Time Management Tips

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Having children messes with your schedule – big time. You are no longer in control of your own day. Parents of children who have special needs not only have hectic schedules, but even more tasks to squeeze into their day. Staying organized and managing our time is tough, but there are steps to take that will make it easier. Checklist For me what helps the most is making a list for the day. Without a list, I am pretty much useless. My day goes by a lot faster and is much smoother when I have a list of tasks to … Continue reading →