{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Personal Finance September 14

Personal Finance September 14 - Amount accident Property...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Personal Finance September 14, 2010 Notes A deductible is the amount that you have to pay before the insurance kicks in Co – Pay – Amount you pay at the time of service Be aware of what you are being covered for Costs for different plans Weigh o How often do I use medical services? o What type of services o What is my financial situation Stay Healthy Aware of policy procedures Billing – stay on top of it Know who is covered Negotiate before Disability o Income replacement in the event you cant work Long term care insurance Homeowners o Event of hazard against home 2 sections of homeowners o Property Coverage Dwelling Other Structures Personal property Loss of Use o Personal Liability Injury of others on property Medical expenses o Keep a detailed inventory o Auto Insurance Liability Medical expenses Insured motorist Comprehensive/ collision/ damage to your vehicle Bodily injury
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Amount/ accident Property damage o Determines Auto Insurance Cost Type of Car How is the car used Driver characteristics Driving record Where you live Discounts Credit score o Lender requirements Comparison shop Less Claims Discounts Buy your car with insurance in mind Improve your driving record Raise the deductibles October 5, 2010 Notes • Chapter 7 Consumer Loans o Single Payment loans o Installment Loans – Series of payments o Loans can be secured or unsecured, Secured loans have collateral, unsecured does not have collateral o Loans can be a fixed rate or a variable rate o Rates fluctuate with the economy • Home Equity Loan (second mortgage) o Installment o HELOC – Home equity line of credit o Advantages – Lower Int Costs o LOC option provides flexibility o Tax deductions o...
View Full Document

{[ snackBarMessage ]}