|Insurance Buying Tips #1: Shop smart|
|When looking for insurance, your No. 1 priority should be to find adequate coverage. Price is important, but you’ll want to determine what kind of coverage you need first. Then you can fit that coverage into your budget and determine which carrier can provide you with the most comprehensive policy for your situation. You may be tempted to choose insurance with the lowest price tag, but if you don’t have enough coverage (or the right kind of coverage), you will see less financial benefit when it comes time to file a claim.|
|Insurance Buying Tips #2: Look for discounts|
|Once you evaluate your coverage needs, factor in your budget and find ways to save. Ask your insurance agent if there are any discounts on your coverage. Often, carriers offer discounts for things like paying your policy in full, staying auto accident-free or, if you’re in school, getting good grades. You also can save money by “bundling” multiple policies, such as purchasing a home and auto policy from the same carrier.|
|Insurance Buying Tips #3: Fill in the gaps|
|An average policy will cover the basics, but you may need to add extra coverage to meet your unique needs. For instance, you may have items like electronics or a nice piece of jewelry that would be financially difficult to replace, even with the assistance of your average renters or homeowners policy. You may want to add additional coverage for these items.|
Shares of Chinese publicly listed companies have been experiencing a selling pressure which is best illustrated by the decline in value of the Shanghai Stock Exchange Composite Index.
Shanghai Composite has gone down over 32 percent since hitting a seven-year peak of 5,166.35 on June 12. It was up 1.4% in mid-morning trade after it had fallen by 3.6% earlier. By mid-afternoon, the index increased by 1.3% reaching 3,552.8.
These signs of stabilizing were actually brought about by China's market regulator which has introduced a series of measures in order to relieve the pressure on Chinese shares. Late on Wednesday a decision to ban big investors holding more that 5% stake in companies from selling their stocks for six months helped to support the market.
It undoubtedly represents an extraordinary restriction but coupled with all the other government efforts to shore up prices, it may have finally brought some stability.
Previously, on Wednesday the Shanghai Composite fell as much as 8.2%, inspiring some analysts to describe the session as 'Black Wednesday'.
In the latest efforts to stem the bearish markets, Beijing has relaxed lending rules – making it more attractive for investors to borrow money – in the hope that they will start buying more stocks.
|Insurance Buying Tips #4: Purchase life insurance—you aren’t too young|
|Life insurance is essential, no matter how young or old you are. And for millennials, buying now may be a smart move because it’s cheaper to buy a life insurance policy when you’re young and healthy. This kind of insurance can help your family cover unexpected costs in your absence, including student loan debt or a mortgage, in addition to end-of-life costs. And if you have kids, a life insurance policy can also support their education or childcare expenses. Additionally, every millennial should consider long-term disability coverage, which helps you stay afloat financially if an accident happens and you become disabled and unable to work.|
|Insurance Buying Tips #5: Talk to an independent agent|
|An independent insurance agent is an essential resource when purchasing insurance—especially if this is your first time. An independent agent works with multiple different carriers, which is different from captive agents who can only sell insurance from the carrier they work for. Working with an independent agent can help make sure that you are getting the best coverage, for the best price. You’ll also benefit from independent agents’ insurance knowledge; they know how to talk you through your options and actually explain what each policy includes. An independent agent will make sure all of your assets are covered, help you find discounts or other ways to save, and be a valuable resource as your life changes and your insurance needs change, too.|
|Insurance Buying Tips #6: Only buy insurance to maintain your existing standard of living|
|You don’t need insurance for events that won’t severely strain your finances. Start with your basic needs (home, auto, business), then work your way to include other needs (cyber, liability). You can always obtain coverage later for something if you change your mind. You can minimize your risk and maximize your savings by buying insurance that won’t cause you to break the bank.|
In the meantime, about 1,300 firms have halted trading in their stocks in order to prevent the value of the shares, and therefore firms' market capitalization, from precipitating even further. In practical terms around 45% of the Chinese market is frozen. Having said that, it could be urged that the market is seizing up as much as it is stabilising.
Analysts are divided over the extent to which this clash of Chinese equity markets represents a threat to the global financial markets and Chinese economy in general.
This afternoon at 1:30 p.m. we are looking to the announcement of the U.S. Unemployment Clams numbers, released by the U.S. Department of Labour on Thursdays, just prior to the U.S. market open.
This indicator represents the number of claimants of the unemployment insurance for the first time within last week.
Jobless Claims report is one of the lagging indicators and have an indirect effect on the economic growth. As employment figures and consumer spending are correlated, the statistics will provide the overview into whenever the economic conditions in the U.S. are improving.
Initial jobless claims have a big impact on financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, initial jobless claims measures new and emerging unemployment and provides a measure of strength in the US labor market.
Lower than expected number of Unemployment Claims will usually have a positive effect on the U.S. currency. The forecasted value for today's release stands at 284.000, comparing to the previous 297.000 number.
Lately, we have seen American economy gaining strengths with all the quantitative easing programs having ended and flowing expectation for the interest rise, which is expected to happen by the end of this year.
|Insurance Buying Tips #7: Ask your insurance provider what the policy doesn’t cover|
|Every insurance policy has perils that are not covered by your policy. These perils are referred to as “exclusions”, and every policy has them. Ask your insurance provider to explain the exclusions in your policy to avoid discovering what they are once you incur damages or a loss.|
|Insurance Buying Tips #8: Consider bundling several policies with one insurance carrier|
|here may be value in bundling several policies with one insurance carrier. If you’re looking to insure multiple vehicles or obtain multiple types of business coverage (e.g., liability, property, cyber), then you may want to consider obtaining coverages under one insurance provider who carries multiple products, and who may be able to offer you multi-policy discounts or loyalty programs.|
|Insurance Buying Tips #9: Review your insurance needs on a yearly basis|
|As your needs evolve, so will your insurance policy. Maybe you’ve acquired a new vehicle since obtaining auto insurance for your primary vehicle, or started operating your business out of your home, or experienced a cyber-attack during the year… Whatever the change(s), you’ll want to make sure you’re covered for any new risk exposures. Talk to your insurance provider to stay on top of your insurance needs.|