Category Archives: Finance Guide

Anchorage, Alaska is home to more than 61% Anchorage residents. According to Bankrate’s 2021 study on annual premiums, the average home-insurance rate in Anchorage was $833 annually for $250,000 coverage. Anchorage and the surrounding area of Alaska are subject to earthquakes, volcanoes and tsunamis as well as wildfires and other natural catastrophes. You can keep your home safe by having […]

What is Bancassurance? Bancassurance refers to the marketing of insurance products by Banks. Apart from the regular products they offer in deposits, advances and investments, banks also sell insurance products. This is done to increase their fee-based income and to take advantage of their strengths as financial supermarkets. Benefits of Bancassurance Banks have many advantages over insurance […]

Eugene, Oregon homeowners are facing rising property values and higher than normal home insurance rates. Home values have risen sharply 25% from $342K to $430K between May 2020 and May 2021. Quadrant Information Services was used by Bankrate to determine that Eugene’s home insurance premiums were $1,433 annually for $250,000 of dwelling coverage. The area’s vulnerability for wildfires and […]

The Federal Emergency Management Agency (FEMA) states that flooding has affected 99% of U.S. county between 1996 and 2019. South Carolina was no exception. Floods from hurricanes and tropical storms can affect homeowners in South Carolina’s coastal and inland areas. In 2016, $654 Million was paid by insurers for losses resulting from Hurricane Matthew. The following year, Hurricane Irma left […]

Below is a brief introduction to each one. You don’t have to know what they are. Just skip the section after the line with asterisks. The amount shown is in SGD dollars. (You’ll see that I use many terms such as “usually” due to the different standards of each insurer. I refer to the majority of Singapore’s insurers. […]

Des Moines residents pay on average $1,267 per year for a $250K house, which is lower than the Iowa average $1,502. Although the area has experienced tornadoes in the past, there are not many natural catastrophes. This keeps the rates low. Des Moines homeowners may pay less for home insurance depending on their situation and the insurance company. Bankrate […]

A representative from your insurance company reviews your claim. Based on the damage, they estimate your payout. Unfortunately, sometimes claim payouts are lower than you expected and you might feel entitled to more. A public adjuster may be the best way to get a fair and accurate payment for your home insurance claim. Continue reading to find […]

The current hot topic in the financial sector is “Insurance vs. Investment”. If I were to be honest, and having been in the industry for a while, insurance is not an investment. They are two completely different things. It is amazing to me that my peers in the industry go out and sell Investment Products to clients. This […]

Climate change is a topic that is becoming increasingly prominent. If not addressed promptly, it can have devastating consequences. Today, sustainable living is more important than ever. There are simple ways you can reduce your carbon footprint while doing your part to help the environment. You can instantly reduce your carbon footprint by recycling and avoiding plastic […]

Car vandalism can be costly. In some cases, your insurance coverage may help you cover the costs. It might not be worthwhile to file a claim depending on the situation. You will be able to make an informed decision about whether your car has been vandalized and what insurance covers it. Many vandalism of vehicles involves broken […]