Search Results for: invest

How Long Do You Have To Reopen A Homeowners Insurance Claim?

Homeowners insurance is one of the most important investments a homeowner can make. It provides protection against accidents, disasters, and other unexpected events that could cause costly damage to your home. However, many homeowners are unaware of the time frame they have to reopen a homeowners insurance claim once it has been filed. Knowing the […]

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 […]

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 […]

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 […]

Which Of The Following Authorities Monitors The Financial Strength Of Insurers?

When it comes to understanding the financial strength of insurance companies, there are a variety of organizations that play a role in monitoring and evaluating the data. In this blog post, we will explore the criteria and process for assessing an insurer’s financial health in order to better understand which organizations are involved in such […]