Archive for: October 2012

Is your home insurance provides full cover?

Is your home insurance provides full cover?When you take out home contents insurance (Contents insurance is insurance that pays for damage to, or loss of, an individual’s personal possessions whilst they are located within that individual’s home. ), it’s a good idea to make sure your cover is “new for old”.

This means that, if you have to have a damaged or stolen item replaced, your insurer should pay enough for you to buy a new version.

Some policies only include “indemnity” cover, which will take wear and tear into account and therefore pay out less.

But there are a few catches to watch out for. Many policies will not provide new-for-old cover on things such as clothing, bed linen and even pedal bikes. Check your policy booklet for any exclusions.

Another issue is when insurers agree new-for-old cover on the basis that they can decide on suppliers to replace lost or broken items.

For example, if you had a laptop stolen, you would only be able to get a replacement machine – to the same value – from the insurer’s chosen supplier, rather than exactly the same model again, or its cash equivalent.

Cheapest Car Insurance: Safety on a Budget

Cheapest Car Insurance: Safety on a BudgetIf you’re ready to buy or change your car insurance, shouldn’t you want the cheapest car insurance with the best coverage possible? Since it is required by law to have it, finding the lowest price will be important to lots of people. Getting caught without it will cost you more money anyways, and no one wants that to happen.

One of the best ways to find the cheapest one is to look online. Since companies that run all of their transactions electronically don’t have to send anything in the mail, print anything out, or hire more people to interact with customers, they can often sell their insurance at a significant discount and pass the savings to you.

Since you’re looking for the cheapest, going with the first company you find is probably not a good idea. A mistake too many people make is going with a company that charges you to just see their policies, coverage, and quotes. Just because they’re more expensive doesn’t mean they’re better for you and your car.

How to Release a Federal Tax Lien

How to Release a Federal Tax LienWith a Federal IRS tax lien, there are a few ways to actually release it. A tax lien can be detrimental to your credit making it very difficult for you to borrow, sell your house, get a credit card, car loan etc.

Here are few things to keep in mind to release a tax lien, but it is recommend you reach out to tax resolution firm.

1. Wait until the statute of limitations expires. After 10 years the IRS can no longer collect back taxes. It may sound like a good idea to wait for as long as possible, but the IRS usually will not let this happen. Instead, they will enforce a tax levy to get their money.

2. Pay what you owe. The best way to release a federal tax lien is to pay the entire amount of money owed to the IRS. As soon as you do this the lien will be released.

3. IRS Payment plan. More specifically, look at an IRS Installment Agreement. The IRS knows that you may not have the money to pay all your back taxes. That being said, you can opt for a payment plan which allows you to have your lien released as long as you promise to send money every month until you debt is satisfied.