Understanding Basic Insurance

It always amazes me when someone thinks that just because they pay a monthly insurance premium, they should be able to recover the insured item without having to pay a deductible.

I overheard a woman in a mobile phone store, who wanted to get a new phone because hers broke.  She was completely shocked to hear that even after she paid $12 a month for 18 months, that she couldn’t get a new phone without having to pay a $175 deductible.

You don’t like it?  Its not fair?  It doesn’t matter what she likes or thinks is fair.  No amount of explaining would have satisfied her.  The clerk could have given her a class in how insurance companies work, their profit and loss and business structure, and she still wouldn’t have thought it was fair.

Just because someone thinks insurance should work a certain way, doesn’t mean that it does or will.

Title Insurance Help and Education

Imagine what she would think about title insurance.  Paying money just incase someone, some day, might come back and say that they have an ownership interest in a home; piece of real estate.  And, imagine if there was fraud involved in the mortgage transaction.

Hopefully, you won’t be as much of an idiot as the customer if you have a basic understanding of how insurance works.

Homeowners Insurance

Homeowners Insurance isn’t just a fancy term; it’s your home’s very own superhero cape! It swoops in to save the day when life’s unexpected events, like fires, storms, or even mischievous raccoons, try to rain on your parade. Beyond just covering damages, it’s about giving homeowners peace of mind, knowing their biggest investment is protected. From the structure of your home to the treasures inside, this insurance has got you covered. There is tons of basic info about Homeowners Insurance to learn about shielding your home from life’s little (and big) surprises!

Mortgage Real Estate Title Insurance

If you are involved in a mortgage transaction, you will need title insurance help. The mortgage and title insurance industries can be wrought with fraud. I’f you are in the business of title insurance, here is a video of some possible red flags that could be faced by your mortgage broker or loan officer.

Keynote speaker, Jerome Mayne talks about his experience with fraud in the mortgage and title insurance industries.