It’s not only the businesses that need an extra infusion of cash, but it could also be you as an individual too. There is nothing bad if you feel that borrowing some money can help you fulfill your requirements. As an individual, you may need money for a variety of reasons. It could be for …
The word indemnity means protection. In financial terms, it means reimbursement of the actual loss suffered by the insured. The principle of indemnity in insurance defines that it won’t compensate more than you deserve. It is the policy that puts you in the same place where you were before the loss happened. Generally, medical insurance …
Homes are hefty investments. We invest our life’s savings for buying a home and it is special. Thus, if something unforeseen and bad happens, it will dig a hole in our pockets. Plus it will be an emotional blow. Having appropriate insurance mitigates the blow and helps you keep the situation under control. Thus, a …
Mortgage refinancing means that you are going to pay off an existing loan and replace it with a new loan. There was a time when mortgage rates reached their lowest that led to multiple mortgagors opting for refinancing. There are multiple benefits of mortgage refinancing. They include lowering your mortgage payment, consolidating debt, decreasing the …
When you are purchasing an insurance policy the insurance company will ask you to fill up an insurance proposal form. The form will contain a certain set of questions about your personal and professional life. You take insurance policy from a company after checking its credential likewise the company also want to know you better. …