All About Insurance

How to calculate pain and suffering? This is a difficult and controversial issue. When you are in a car accident, the insurance company wants to get a written document that releases any and all claims against the person that caused your damages and injuries. To get that release, the insurance adjuster must compensate you adequately.  You are entitled to special damages (medical bills, wage loss, medicine, etc.) and general damages (pain and suffering, loss of consortium, physiological injuries, etc.) Most of the time, calculating the Special Damages is not very difficult and there is not much debate over the value of the medical bills, wage loss, and other medical expenses. You can add them all up and submit your receipts. However, calculating general damages, which includes pain and suffering, can be very difficult. How much is your headache worth? Depends who you ask. If you ask the insurance adjuster, she will tell you about $5. If I ask you, then it is probably worth ...

PMI (private mortgage insurance) is one of the many products of insurance companies for mortgage lenders. It is designed to protect them from borrowers who will default in their payments. The law requires that when the down payment on a home is less than 20% of the value of the home, the borrower takes out a Private Mortgage Insurance. When you want to calculate your exact PMI balance, you will need your principal balance, the PMI rate, the recent home appraisal and the amortization schedule. The appraisal of your home will give you the current market value of your property. You will need to determine the loan to value ratio of your (LTV) first. For this, you will need the remaining balance you owe the mortgage lender. This value will be divided by the appraised value of your home and the percentage you get is your loan to value ratio. If the percentage of your LTV is more than 80%, you need to look at the corresponding rate according to your lender. There are different rates for di...