Published 11:20 am, Tuesday, June 5, 2018 Were you injured in an accident? Has your teen gotten a traffic ticket or been charged with a misdemeanor? Do you need to handle a divorce or make a will? This may sound like an infomercial, but these are common situations where you might find yourself wanting some legal advice. Unfortunately, lawyers can be expensive. Personal legal insurance could help you get legal assistance for less. Read on for our in-depth guide to this type of insurance, from costs and coverage to the caveats you should keep in mind. How Much Does a Lawyer Cost? The cost of legal representation varies depending on the lawyer's experience, the type of case, the prestige of the law firm, and the part of the country you're in. You're most likely to pay by the hour — and that rate can be quite high. For example, look at the matrix of reasonable attorneys fees prepared by the U.S. Attorney's Office for the District of Columbia. For 2018, it lists a rate … [Read more...] about Do You Need Personal Legal Insurance?
A reverse mortgage can be a lifeline for struggling seniors. It allows homeowners 62 and older to convert part of the equity in their homes into cash. While the proceeds can help pay bills, reverse mortgages are not simple. For one thing, you have more responsibility. Take for example, homeowners insurance. “The problem that some reverse mortgage borrowers have is that they are used to having their homeowner’s insurance collected with their mortgage payments. Many lenders actually add these insurance payments into the monthly mortgage payment (and hold them within an escrow account). They then disburse the money directly to the insurance company. But with reverse mortgages, borrowers aren’t making mortgage payments anymore, so the onus falls on them to maintain their insurance,” says Brian Simmons, CEO of Ask a Lender, an online platform that connects people, lenders and brokers. Fall behind in insurance payments and lose coverage, and the lender … [Read more...] about Reverse mortgage does not let you off the hook on homeowners insurance
Do you need to shop for homeowner's insurance? That depends -- on where you live. If you reside in Missoula, Montana, shopping won't save you much, but homeowner's insurance doesn't cost much there, either. But if you live in Texas or Florida, the cost of homeowner's coverage is substantial, and the variation in premiums is massive. An analysis by Gavop, a housing research service, found that in high-cost insurance markets, the price of comparable coverage varied by thousands of dollars, though the variations are far more dramatic in some counties than in others. In Nueces, Texas, for instance, the difference between the highest- and lowest-cost policies amounted to a stunning $5,180 per year. Pricing on a sample policy ranged from an average of $1,478 annually to a whopping $6,658. For its study, Gavop pulled state insurance filings that compare rates for a sample insurance policy from company to company. These sample polices are standard in each state, allowing consumers to … [Read more...] about How homeowner’s insurance costs vary wildly
Jennifer Sinco Kelleher, Associated Press Updated 11:49 pm, Monday, May 14, 2018 Now Playing: A new fissure in Hawaii's Puna District sent gases and lava exploding into the air, spurring officials to call for more evacuations as residents waited for a possible major eruption at Kilauea volcano's summit. (May 14) Media: Associated Press HONOLULU (AP) — Patricia Deter moved from Oregon to Hawaii to be closer to her two daughters, but the Kilauea volcano burned down her home only a month after she bought it. Now Deter and her family, along others who have recently lost homes to the lava-spewing mountain, are on an urgent quest for answers about insurance, desperate to learn whether their coverage will offer any help after molten rock wiped out most of what they owned. The eruption has destroyed about two dozen homes in the Leilani Estates subdivision on the Big Island. On Monday, another fissure spewing lava and toxic gas opened up, and a crack in the earth that … [Read more...] about Worried Hawaii homeowners ask: Am I covered for volcanos?
If you're getting a new iPad Pro, iPad, or iPad mini, you may also be thinking about getting a protection plan for it. Apple, of course, offers AppleCare+, but there are also third-party services, credit card benefits, and other programs that might be of interest. Here they are! Option 1: AppleCare vs. AppleCare+ Every iPad you purchase — whether it's sold by Apple or another retailer — comes with a one-year limited warranty called AppleCare. This coverage costs nothing and is automatically activated the day you purchase your iPad. Here's what it offers: One-year limited warranty against defects 90 days complimentary phone support This covers you if your iPad suddenly won't turn on, can't hold a charge, or a button randomly breaks within the first year of ownership. But the basic version of AppleCare does not protect against any kind of accidental damage, so if you drop your iPad or get it wet, you're not covered. That's where AppleCare+ comes into play. … [Read more...] about Should you get AppleCare+ or insurance for your iPad?