You may not have heard of income protection policy, but it is one of of useful types of insurance on the market. Income protection policy pay you a monthly income if you are unable to work because of cases accident or sickness.
Advantages of an Income Protection Policy
Useful if you are self-employed
People who are self-employed do not benefit from sick pay like the rest of us, and if they cannot go to work, it can put their business on the line. Income protection policy pay you a monthly income if you are unable to work because of an injury or an illness, giving you financial security to recover fully.
You do not have to rely on benefits
If accident or sickness stops you from being able to earn an income, you will have to rely on savings, your partner’s wage or government Employment and Support Allowance (ESA). ESA can be a lifesaver for many people, but it may not pay enough to maintain your current lifestyle. Income protection can cover around 50-65% of your monthly wage, offering much more support.
You can get coverage until retirement age
Income protection plans such as Income Protection by Life’s Great have the potential to pay out until retirement age if needed. When you take out a policy, you can choose your ‘benefit period’, which is the length of time your insurer will pay you for if you cannot work. Long-term policies will cover you until you can bet back to work or until age 65, whichever is soonest.
You can cover redundancy
Some income protection policies offer cover for redundancy as well as accident and sickness. While redundancy cover will only pay out for a maximum of 12 months; this can be enough time for you to get back into work. Unemployment coverage often includes free ‘back to work’ schemes which can help you return to a job.
Education of Children
If your youngsters are reliant on you, you won’t have the capacity to instruct them if you can’t work and if you have not taken income protection insurance. It is your ethical obligation to care for all individuals from your family, and being set up for the most exceedingly bad is an insightful thing to do.
The Probability of Injuries or Sickness
Statistics prove that the probability of not having the capacity to work because of an injury or a physical or mental sickness is high. With a specific end goal to guarantee that you and your family can make due amid the period that you can’t work, it is fundamental to take a proper income insurance policy.
Whether you are looking into buying or selling a home, you will find that a good real estate agent is going to be worth their weight in gold. They will keep things organized for you, let you in on opportunities that you would not have considered and help you keep things in order. However, choosing the right one can be difficult and getting saddled with the wrong one can be detrimental in the extreme! Take a moment to learn more about selecting the right real estate agent and what you need to know.
The first thing that you need to do is to remember that you are looking at a wide field of candidates. Never think that one particular agent or agency has the only line in a particular area. No matter where you are looking, there are going to be several different agents and agencies at work, so make sure that you do your homework and look around. Remember that you are paying for a professional service and the professionals that are out there have different qualifications and experiences. Find out how long they have been in business and remember that when you meet them face to face, you should feel comfortable.
Make sure that the agency that you decide to use is going to be comfortable with the area that you are browsing in. They need to be familiar with the area, and if you are selling, you should make sure that your real estate agent has sold in the general area before. They should be well informed on the area’s benefits and disadvantages, and they should be honest about expressing them. Also remember that no matter what side of the equation you are coming from, your real estate agent should also be a good sales person.
Remember that a good real estate agent is someone who is attentive to your needs and considerate of your schedule. When you are interested in moving forward and making sure that you can get the results that you need, you need a real estate agent who is willing to help you get results. How fast do they get back to you, and how promptly do they return your phone calls? Are they willing to communicate in a way that you find it acceptable? Will they guide you if your credit needs fixed prior to getting a mortgage?
Finding the right real estate agent can be a pain, so make sure that you prepare a list of resources that can help you in your search. There are many different types of resources available that can make it much easier for you to find a real estate agent that will help you get the results that you want. This can be an important step for you, so don’t risk getting the wrong service or the wrong professional!
From unique architecture and stunning finishes to the large windows and solid wooden floors, nothing compares to the appeal of an old house. However, when you’re on the market shopping for one, you mustn’t get carried away and start imagining how you’ll place those magnificent Victorian style pieces of furniture. Before you say we buy old houses, close quickly, and it’s a cash offer we recommend contacting a professional appraiser and confirm that your potential future home has everything in order, as otherwise, you’ll spend most of your savings getting it fixed.
Let’s summarize key aspects of an old house that need a careful examination.
1. The foundation of the structure
The very first aspect that you should verify consists of whether or not the flooring is crooked and the best way to perform this test is by dropping a standard marble on the ground. In case the marble quickly rolls away in one direction, that is a clear sign that the floor is not perfectly parallel to the ground, revealing probable foundation sinking problems and weakened joints. At the same time, the concrete foundation should be checked for cracks and fissures. While diagonal/vertical cracks don’t constitute a major predicament – particularly if the upper part has a larger width than the bottom – the straight ones mandate expensive repairs. Lastly, steer clear of foundations constructed on the old post and pier system, because their durability and earthquake protection are poor.
2. The drainage system
More often than not, older structures were not equipped with a foundation drain system. These fixtures have the role of redirecting rain and groundwater from the house, preventing humidity from protruding underneath the foundation. If the basement exhibits mould formations or overall dampness, then you might be dealing with this issue and constructing a drain will involve excavations, large machinery and a lot of labour.
3. The type of paint applied on the walls
You need to ensure that the walls of the house are not covered with lead-based paint because these products were withdrawn from the market more than 30 years ago after researchers discovered the negative impact of the substance on the physical and mental development of young children. And the biggest problem here is that you cannot just apply a different coat of paint without thoroughly removing the former lead-based one, a task that is tough and expensive.
4. Potential asbestos fixtures and components
Similar to lead paint, utilizing asbestos as the construction material has been outlawed about 30 years ago after it was discovered that inhaling particles could lead to severe respiratory conditions. Home components that might include asbestos comprise of:
shingles, insulation (for structures constructed between the 30s and 50s), vinyl floors and the adhesives, pipeline insulation, furnace insulation
5. Underground tanks utilized to store heating oil
Two very probable issues might occur if the heating combustible is stored in an underground tank, namely: