Weird Things People Insure (business website design)

August 2nd, 2008 admin Posted in finance |

By ratetake

If you thought about what types of insurance you have, you could probably only think of a few. If you’re lucky, you have health insurance, life insurance, homeowner’s, car, and maybe one or two other insured things.

Most people don’t know it, but you can get insurance on some pretty off-the-wall things. Take it from multiple celebrities; they’re insuring body parts. In this market, insurance companies often offer policies that pay if something damages the appearance of functionality of a body part. You may know this as a contract clause for professional athletes, but who would have guessed it was a legitimate form of insurance? You would have to seriously ask yourself if insuring a body part was worth it. For most of us, the answer is undoubtedly no. But if you’re Peyton Manning, it helps to have an insurance policy on your right arm.

Another weird and not so common thing that people insure is a golf game. If you’ve ever participated in a game of golf or a tournament, then you’ve probably seen a hole-in-one prize. Anyone who scores this shot during a game will win money, a new car, etc. This is a very common thing in the world of golf tournaments. And as rare as a hole-in-one is on average, you’d be surprised how many are actually made. So, they’re losing money every time someone makes the shot, right? Wait just a minute. The people/companies offering the prize take insurance out against someone showing up and making the fluke shot. The hole-in-one insurance policy is part of a broader class known as price indemnification insurance, which is used on various game shows and contests. The event sponsor pays a premium to an insurer, and if someone makes the shot, wins the prize, etc, the policy picks up the tab.

So much for ransom notes. If you happen to ever be kidnapped and held for ransom, having to pay the fee to be released can possibly ruin your financial situation. The well-to-do and workers in high-risk areas have a ransom insurance policy to signup with. These policies are typically held by businessmen who work in dangerous areas, and they offer indemnity coverage for any loss incurred by whoever pays the ransom. The losses include the sum of the ransom itself, any money lost in transit, expenses of the team to deliver the ransom, the hiring of professionals such as negotiators, and rewards offered for the same return of the victim.

Perhaps the oddest insurance policy of all comes from Lloyd’s of London. Over the years, this company has sold policies for vampire bites, werewolf attacks, and alien abduction. Over 40,000 policies have been sold to insure against alien abduction. If you claim to have been abducted, can pass a lie detector test, and have video or a third-party witness, then you’ll be compensated at the tune of 1-million-pounds.

Susan Duey represents, car insurance marketplace which connects consumers with insurance providers who will help you develop a solid insurance plan. For more information please visit Weird things people insure

Escondido Refinance - Home Loan Refinance - Florida Refinance 745
By Alex Refintage

What is SRP and why should you avoid banks altogether for your next mortgage loan? The answer will surprise you. Banks exploit the loopholes in RESPA to make their loans seem more affordable with the fees and closing costs; however, they hit you with undisclosed SRP markup on your interest rate. Banks make the majority of their profit by selling your home loan to the secondary mortgage market. But you need not be an expert at real estate laws. Here are several reasons you should avoid Banks altogether when mortgage refinancing. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com. Banks mark up wholesale interest rates to boost their profits when selling your loan. You can learn more about your mortgage refinancing options, including costly pitfalls to avoid by registering for a free mortgage DVD. It can also keep it as an additional asset, especially when the property is in a prime district. The first thing you need to know about banks when considering a bank originated mortgage is that banks are exempt from the Real Estate Settlement Procedures Act (RESPA). After closing your bank will turn around and sell your loan on the secondary market for a profit. When you apply for a loan form the bank, you are required to put up a pledge for security for the loan. This is the retail markup of your mortgage interest rate when you borrow from a wholesale lender. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. Limited Number of Loan Products to Choose From No Room for Negotiation on Your Interest Rate Interest Rates Are Always Higher Banks Are Not Willing to Negotiate Lender Fees and Closing Costs Banks are Exempt from Disclosure Rules Provided by the RESPA Act. There many people, some are housewives and once-a-week agents who have earned a lot from making the buying and selling of foreclosed properties a hobby. Another problem with banks is that your banker will be much less likely to negotiate for terms and interest rates because of the loophole. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com. Aside from the fact that Banks dont have to play by the rules your bank has a dirty little mortgage secret. These brokers charge a flat origination fee for their services without inflating mortgage rates like the banks. Banks make the most profit by closing mortgage loans with above market interest rates. A little known loophole in the Real Estate Settlement Procedures Act could cost you thousands of dollars in unnecessary mortgage interest. Do you really trust your banker not to take advantage of you?. Because banks are exempt to all RESPA laws protecting you from this fleecing, you will never know it happened. If you are in the process of refinancing your home mortgage and are considering your bank, there are several things you need to know before making an expensive mistake. The mortgage you take out from the bank is funded entirely by the bank and pooled together with their other loans.