Home insurance policy

04 Jul

Posted by Admin as Home Insurance

Home Owners Insurance — 9 Ways To More Affordable Rates | Simple Mind
The fact that the most common type of claim on a home owners’ insurance policy is water damage should tell you something. This implies that if you can show your insurance provider how you have taken steps to reduce or remove the risk of … read more…

Florida Homeowners Hurry to Trip Over State Farm Insurance …
If the step towards winding down was not decided upon, Florida insurance regulators would have had to commence insolvency proceedings against the company as early as 2010. Such a move would have affected insurance policy holders in far … read more…

public-companies.bizlenta.com: Battle of the Sexes Boosts Kwik Fit …
In addition to strong car insurance figures, KFI also benefited from a surge in home insurance policy sales as the company continues to make a concerted effort to build it’s presence in the home insurance market. … read more…

From Google Blog Search

International Move – Terms and Definitions Part 3
The following is a list of additional shipping terms and their definitions that will help you navigate through the terminology of the shipping industry. When shipping household goods there is a weight… read more…

Saving Money on Homeowner’s Insurance by Having a Home Security System
Do you own your own home? If you do, do you have (and use) a home security system? If you own your own home, more often than not, your insurance company will offer discounts on your ho… read more…

Buy Homeowners Insurance
If you´re out there to buy homeowners insurance, it is very important that you are understand what you are getting yourself into. When you buy homeowner´s insurance, you are not only protecting your a… read more…

From GoArticles.com

State Farm hiking homeowners insurance rates (Chicago Sun-Times)
State Farm Fire and Casualty Co. is boosting homeowners insurance rates an average of 13 percent in Illinois, the company said Thursday, joining other insurers that have hiked rates recently. That would raise the average homeowners policy in Illinois from $592 to $669 or by $77. The state’s biggest home insurer said the change is based on projected costs and reflects trends in the number of … read more…

Life insurance rates to rise (Tacoma News Tribune)
The window might be quickly closing on consumers’ opportunity to refinance at great rates – not their home mortgages, but their term-life insurance, experts say. read more…

Policy paid $17,110 to murder suspect (Detroit News)
Clinton Township — A Clinton Township man accused of stabbing and beating his parents to death over money was the personal representative of their estate and received $17,110 from an accidental life insurance policy just three weeks before he was charged, according to court documents. read more…

Open Question: ECONOMICS PAPER QUESTIONSS?
Alcohol and Government Policy

In the UK, the National Health Service often has to deal with the consequences of drinking alcohol. It is said that there is less trouble in other countries which have more relaxed licensing laws. In the UK, accidents caused by drinking alcohol result in 150 000 hospital admissions every year. Time taken dealing with these admissions prevents other treatment. There are about 22 000 deaths linked to alcohol-related illnesses every year.
There are also other consequences. Very many working days are lost each year because of alcohol abuse which, it is estimated, cost the employers £6.4 million in lost production. There is also the cost of policing the city centres particularly at night and at weekends when excessive drinking causes riotous behaviour. It is argued that while police are controlling this behaviour it leaves property more vulnerable to burglary. Property owners, as a result, may have to pay extra insurance premiums and protect their property by paying for burglar alarms to be fitted. Then there are legal costs. If people are prosecuted for drink-related offences it involves court costs, lawyers’
costs and costs for the witnesses to attend court. There are also the costs of establishing centres that treat people who drink excessively and the costs of social workers who care for those who are victims of drink-related incidents.
One of the difficulties of trying to calculate the cost of alcohol use is how to estimate figures such as those above. How do we measure the cost of police time? How do we measure the costs of an emotional upset when someone is injured by a drink-related driving accident? How do we measure the effect of violence in the home caused by excessive drinking? Yet there are benefits from alcohol. People gain pleasure from drinking: it is a social activity. Some alcohol is said to give health benefits. The government places a tax on alcohol and gains a large amount of revenue as a result. Many people are employed in the manufacture and distribution of drinks. Others are employed in clubs and bars that serve alcohol.

(a)
(i) Define opportunity cost.
(ii) Identify and explain one example of opportunity cost from the above extract.
(b) You are asked to investigate the economic arguments for and against a ban on the sale and consumption of alcohol. Discuss how helpful you would find the above extract and what further information you would seek.
(c) The government decides not to introduce a ban on alcohol. Instead it considers either raising the existing indirect tax on alcohol or banning the advertising of alcohol. Discuss which of these two approaches you would favour.