Category Archives: Finance Guide

Does The Mortgage Company Pay Homeowners Insurance?

Mortgage companies frequently include homeowners insurance payments into monthly mortgage payments through an escrow account to reduce risk to themselves by guaranteeing timely property tax and home insurance payments. At closing, insurance and property tax payments, along with private mortgage insurance (PMI), are placed into an escrow account by lenders for payment as they become […]

How Are State Insurance Guaranty Associations Funded Quizlet?

Guaranty associations are created in each state to protect consumers in the event of insurer insolvency and provide them with support, as well as facilitate assessments from insurers who do business within that state. All approved insurers are legally obliged to participate in at least one state guaranty association regardless of where their cooperate office […]

Car crash statistics

Car crashes are a common occurrence that most drivers avoid. However, they can have devastating consequences for all involved. Car accidents can be a minor inconvenience or life-threatening. It could lead to thousands of dollars in medical bills, repairs or even a fatal outcome. Experts recommend that all drivers practice defensive driving. To ensure your safety and that […]

What Types of Insurance Do I Need For A House Flipping Business?

House flipping is a lucrative business, but it can also be incredibly risky. From dealing with potential injuries to managing the financial risks of a property flipping project, there’s no shortage of things that could go wrong. Fortunately, insurance can provide you with the protection you need to keep your business running smoothly. But what […]