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Insurance Types and 4 Important Facts You Should Know Before Purchasing Them

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When it comes to purchasing insurance, it’s important to be as informed as possible about the different types of coverage availableIn this article, we’ll discuss four important facts you should know before buying any type of insurance policy, including comparison shopping with discount auto insurance providers like FreewayInsurance.com.

Know the types of insurance you need

You have to know the different types of insurance policies before you purchase them.  Here are 4 important facts about insurance that can help you out.

1. Life Insurance

Life insurance is one of the most important types of insurance to have. It protects your loved ones financially in the event of your death. There are two main types of life insurance: term life insurance and whole life insurance.

Term life insurance is a type of life insurance that provides coverage for a specific period of time, usually 10-30 years. If you die during the term of the policy, your beneficiaries will receive a death benefit. Whole life insurance is a type of permanent life insurance that provides coverage for your entire life. Your beneficiaries will receive a death benefit regardless of when you die. You need to thoroughly research which type of life insurance fits your current situation and future needs. Check online life insurance quotes as well as other various resources online that can provide you with the necessary information you need. Here are notable points to help you decide: If you want coverage for a specific period of time and you don’t mind if the policy expires without a death benefit being paid out, then term life insurance is a good option. If you want coverage for your entire life and don’t mind paying higher premiums, then whole life insurance is a good option.  

2. Health Insurance

Health insurance is another important type of insurance to have. It helps to cover the cost of medical care if you become sick or injured. There are two main types of health insurance: private health insurance and public health insurance.

Private health insurance is a type of insurance that is provided by private companies. It usually covers a specific group of people, such as employees of a company. Public health insurance is a type of insurance that is provided by the government. It usually covers all citizens of a country or region.

3. Auto Insurance

Auto insurance is another important type of insurance to have. It helps to cover the cost of damages to your car if you are involved in an accident. There are two main types of auto insurance: liability insurance and collision insurance.

Liability insurance is a type of auto insurance that covers damages to other people or their property if you are involved in an accident. Collision insurance is a type of auto insurance that covers damages to your car if you are involved in an accident.

4. Homeowners Insurance

Homeowners’ insurance is another important type of insurance to have. It helps to cover the cost of damages to your home, whether it’s your first, second, or subsequent one if you are involved in an accident. There are two main types of homeowners insurance: liability insurance and property damage insurance.

Liability insurance is a type of homeowners insurance that covers damages to other people or their property if you are involved in an accident. Property damage insurance is a type of homeowners insurance that covers damages to your home if you are involved in an accident.

Important Facts You Should Know Before Purchasing Insurance

There are different types of insurance policies available on the market, and what’s covered are are the most important ones. It’s vital to understand their differences and know the things to keep in mind before purchasing one.

Not all insurance policies are created equal

When it comes to insurance, there are many different types of policies available on the market. Generally, insurance protects you from financial loss in the event of an accident, illness, or other unforeseen circumstance. It can be difficult to choose the right one for your needs, but it’s important to remember that not all insurance policies are created equal. It’s important to read the fine print on any insurance policy before signing up. Some policies offer more comprehensive coverage than others. Make sure you understand what is and isn’t covered by the policy so there are no surprises down the road.

You may need more than one policy

This is a fact that you should know before purchasing insurance. Many people think they only need one type of insurance policy, but that’s not always the case. Depending on your needs, you may need more than one policy to fully protect yourself. For example, if you own a home, you’ll need homeowner’s insurance. But if you also have a car, you’ll need auto insurance as well. So it’s important to understand your needs and purchase the right policies to cover them. Also, the amount and number of coverage you need depend on your individual needs and circumstances. Consult with a reputable insurance agent or broker on the most cost-effective way of getting comprehensive coverage or an insurance bundle.  

Insurance premiums can vary widely

This is a fact you should know before purchasing any type of insurance policy. The cost of an insurance premium can vary based on a number of factors, including the company you buy from, your age, and your health history. Insurance companies use different criteria to determine how much you’ll pay for a policy. Be sure to shop around and compare rates before choosing an insurer to get the best deal.

Discounts are available

Many insurers offer discounts for things like having multiple policies with the same company or maintaining a good driving record. There will always be discounts because insurance companies want to keep their customers happy and ensure they remain profitable. They also offer insurance to compete with other insurers, attract new customers, or reward loyalty from existing customers. Ask your agent about any discounts that may be available to you.

Now that you know a few important facts about purchasing insurance, you can be sure to make the best decision for your needs.

Leonardo, a visionary entrepreneur and digital innovator, is the proud owner and mastermind behind chatonic.net. Born and raised in the heart of the Silicon Valley, he has always been fascinated by the potential of technology and its ability to transform the way we communicate and interact with one another.

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Deck Building Tips and The Best Materials To Use

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Deck Building Tips and The Best Materials To Use

Homeowners are always looking for ways to boost their property value and aesthetics. One of the ways to achieve this is to build a deck. In this do-it-yourself (DIY) era, deck building has become one of the most common home improvement projects. 

However, you can waste your money or be disappointed if it’s not done correctly. Thus, ensuring you’re equipped with the right skills and know-how is necessary before starting the project. You can get a quality and low-maintenance deck that boosts the beauty of your home. This blog discusses what you need to know about deck building. Keep reading. 

Choose The Right Building Materials 

The building materials ultimately affect the outcome of your project. Gone are the days when your only option was wood. Today, there are many types of products to choose from. They include: 

  • Composite 

The popularity of composite has increased notably over the last few years. Recycled plastic and wood dust are bound to create long, dense boards. Composite decking boards are generally eco-friendly and require little to no maintenance. Additionally, they are dust and weather resistant; thus, they have a longer lifespan. 

 You can use composite material to build different sections of a deck. For instance, you can erect composite deck stairs to allow people to move from one level to another. However, you must avoid spending on low-quality products by purchasing your building materials from a reputable manufacturer. 

  • Aluminum 

Aluminum has become a popular alternative to wood. Many homeowners use aluminum because it has a lower maintenance cost. Additionally, it can last for years and is fire-resistant. This might be ideal if you live in wildfire-prone areas. You can choose from various aluminum options to meet your needs and preferences. Remember that aluminum decking materials have different strength properties, corrosion resistance, and workability.  

Other building materials, such as concrete, grass deck tiles, and hardwood, are available. The type you choose depends on several factors. You should consider your budget and expectations, the required upkeep, and the durability of materials. 

Follow The Appropriate Building Codes 

The local administration has rules and policies surrounding any home improvement project. These building codes are enforced to ensure safety and protection. Some of the guidelines include the following:

  • Start With A Proper Foundation 

Building a deck on a weak foundation may compromise the stability of the whole structure in the long run. Visit the local building authorities to learn more about how you should build your foundation. Adhering to this requirement can prevent accidents and other hazards. 

  • Obtain Necessary Permits

You may be violating a local ordinance or zoning law if you don’t have the authorization to build a deck. Ensure the paperwork is complete before starting the project to prevent unannounced visits from the local authority. To obtain a permit to create or renovate a deck, the homeowner should submit the construction plan to the concerned agency for approval. You can avoid unnecessary downtime in deck construction by securing a license to build. You’re also confident that you’re following safety protocols and sustainable practices.

However, it’d be best to understand that these building codes may change over time. Thus, ensure you’re up to date with construction rules and regulations to avoid any conflicts. 

Outsource The Building Services 

Despite the growing popularity of DIY projects, it’s advisable to outsource the services from a reputable contractor. The service provider possesses the right skills and tools to ensure you build the deck of your dreams. However, getting the right provider is challenging, especially for new homeowners. Consider utilizing the following tips to ensure you employ a reputable local company: 

  • Credentials 

Before hiring a contractor, check whether they’re certified to offer the services in your area. It would help if you also asked for their documentation. Most providers post their certifications on their sites. If a contractor is unwilling to share their documents, that might be your cue to move to the next provider on your list. 

Besides licensing, reviewing the service provider’s liability policies is crucial. Understand how it’ll cover you, your property, or your workforce in case of an accident. Otherwise, you risk getting stuck with the bill if your house gets damaged or someone gets hurt. 

  • Experience 

You’ll get high-end deck designs when you outsource the services from an experienced third party. Also, a competent contractor can keep up with evolving construction policies, ensuring your safety and workforce. 

In Summary

Over the years, homeowners have built decks to boost their property aesthetic and value. However, constructing one is daunting for many. Therefore, it’s crucial to research extensively to understand how to go about it, including outsourcing a reputable contractor.

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Report: 55 of the top 100 banks by assets under management have invested in crypto or a blockchain company; Barclays and Citigroup are the most active investors (Report Barclays Citigroupavannomayocointelegraph)

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Report Barclays Citigroupavannomayocointelegraph

Report Barclays Citigroupavannomayocointelegraph: During a time of unprecedented volatility in traditional marketplaces, a new investment trend has emerged: crypto. When the price of bitcoin has been increasing exponentially and new cryptocurrencies are cropping up by the day, it’s clear that cryptocurrency is quickly becoming an important topic to know about. This article highlights 55 of the top 100 banks by assets under management that have invested in crypto or a blockchain company; Barclays and Citigroup are the most active investors. The article also mentions that these investments can help hedge against volatility in traditional markets.

While cryptocurrencies are becoming more and more mainstream, the methods of investment are still limited. You can buy cryptocurrency on an exchange, but you cannot hold it there. At most exchanges, cryptocurrency can be held in online wallets for a short period of time before being withdrawn to a personal digital wallet. Some banks have been willing to act as custodians of crypto assets and to provide accounts denominated in cryptocurrencies; however, most banks have still not entered this market yet. Banks that have been most active in entering this market have been Barclays and Citigroup.

Figure 1: The top 100 banks by assets under management (in billions)

I did some digging to find out which banks had the highest levels of crypto exposure, and found that there were two groups who had cryptocurrency exposure. The first were banks that are regulated in the US; the second, regulated by UK and EU laws, would not be subject to US regulations. The top banks by assets under management (as of June 30, 2017) were Barclays and Citigroup.

Bank Name Total Assets Under Management % of Assets Under Management* % of total AUM in Companies with Crypto & Blockchain Investments Citigroup $859.7 billion 2.65% 2.45% Barclays $868.3 billion 3.84% 1.89% BNP Paribas $831.5 billion 5.18% 0.73% Société Générale $785 billion 4.68% 0.39% Wells Fargo $1.4 trillion 2.27% 2.27% Credit Agricole $419 billion 4.64% 0.39% Royal Bank of Canada $735 billion 5.03% 1.18% JP Morgan Chase $2 trillion 3.06% 1.12% UBS Group $1,349 billion 4.55%-5.5 % 0 0 Deutsche Bank Group $1,049 billion 5%-10 % <0 .01% Morgan Stanley $916.5 billion 9.77% <0 .01% Bank of America $1.3 trillion 6.61% 1.12% Bank of Montreal $650 billion 7.71% 0.39% Goldman Sachs $1,041 billion 4%-6% <0 .01% HSBC Holdings $1,185 billion 2%-4 % <0 .01:1 * % of Total Assets Under Management are calculated as AUM divided by Total Assets Under Management for Banking & Insurance Companies (June 30, 2017). Total Assets Under Management are obtained from World Bank. AUM in Companies with Crypto & Blockchain Investments got from our previous article ‘Where is Cryptocurrency exposure the Largest in Banking?’.

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Application, Requirements, and Process for a UK Spouse Visa

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UK Spouse Visa

A UK spouse visa, aka a Marriage Visa or partner visa, is one of the ways to enter the country. It unites non-UK citizens with their UK spouses. You can use this visa to join your spouse in the country regardless of whether they are a British citizen, a UK refugee, or a settled person. Here are some details regarding this visa and the application requirements.

How Does a UK Partner Visa Work?

The UK spouse visa is a settlement route that permits one to join their British partner in the country for up to 30 months. After that, it can be renewed for an additional 30 months, provided you still meet the visa requirements.

Furthermore, a visa entitles holders to seek Indefinite Leave to Remain (ILR) and, ultimately, British citizenship. Your British citizen partner can send the leave to remain application paperwork on your behalf.

A UK partner visa gives you the same employment rights as all British citizens. Nonetheless, most benefits, such as housing assistance, public subsidies, and tax credits, will not be available to you.

Who is eligible for a UK Spouse Visa?

You may submit a UK spouse visa application if:

  • You are aged 18 or older.
  • You are married or participating in a UK-recognised civil union.
  •  You are married to a resident of the UK or a British national.
  • You’ve been in a relationship for the past two years and can vouch for it.
  • You are either engaged or have a fianc&eacute; visa and plan to wed within six months of arriving in the UK.

What are the prerequisites for a UK Spouse Visa?

Before submitting a UK spouse visa application, check that you:

  • Have all of the necessary documentation.
  • Pass the ‘Genuine Relationship Test.’
  • Satisfy the financial and minimum income requirements.
  • Demonstrate English language proficiency.
  • Have suitable accommodation for your spouse and any children.
  • You are willing to submit biometrics data to obtain leave to remain

Depending on where you originate, you may have to pass medical tests to demonstrate that you don’t have tuberculosis.

How does the “Genuine Relationship Test” work?

To ascertain the genuineness of your relationship is genuine, the home office may require evidence such as:

  • A shared mortgage or lease, whether it is in the UK or elsewhere
  • Show proof of any kids you have together, like a birth certificate.
  • Photographs demonstrating your relationship and frequent interaction with
  • A joint checking or savings account
  • Chat logs from social networking sites or text messages
  • Travel records demonstrate that you met at least once before the marriage.
  • Documents demonstrating your intent to cohabitate in the UK.

What are the financial prerequisites for a UK Spouse Visa?

The UK spouse visa financial requirements is a way of demonstrating your ability to meet your financial needs as a family. You’ll have to provide evidence that you and your spouse can financially support yourselves and any dependent children without the government’s help. Usually, the UK spouse, i.e., the sponsor, must have a minimum income of £18,600 for childless couples and £22,400 for couples with a single child. Any other additional child will require an extra £2,400/child. These income limits include taxes.

What types of income count towards UK spouse visa applications?

The UK partner may utilise any of the following to satisfy the minimum income requirement:

  • Savings above £16,000
  • Earnings from work, whether salaried or self-employment 
  • Payment from adoption, maternity, paternity, or sick leave.
  • Pensions
  • Other sources of income, such as rent or share dividends

Can I contribute my income?

UK nationals’ spouses and partners may utilise their savings to meet the minimum income requirement for a UK spouse visa application. In some cases, earnings such as salaries may be used, especially if you are currently employed in the UK.

Additionally, you can use a combination of earnings and savings to reach the required minimum income level. But you’ll need to demonstrate that you have sufficient financial support for the duration of the permit.

To determine how much, you’ll need to contribute in savings, deduct any other qualifying income from your minimal requirement. Next, multiply by 2.5 and add 16,000.

What if I don’t satisfy the financial requirement?

If you don’t have enough funds to meet the financial requirements for a UK spouse visa, talk to an immigration lawyer, as there are always exceptions that they can help you take advantage of.

Do benefits and income count?

Yes, benefits and income count. These include:

  • Attendance Allowance
  • Carer’s Allowance
  • Personal Independence Payment
  • Disability Living Allowance
  • Work-related Injuries and Disablement Benefits
  • The Armed Forces Independence Payment (AFIP)
  • Guaranteed Income Payment from the Armed Forces Compensation Scheme
  • Police Injury Pension

However, you must demonstrate that you have the funds to care for your dependents. The precise amount you require is referred to as “adequate maintenance,” and it will vary depending on your unique situation. Typically, you’ll require at least £120 per week after paying for housing. This figure will rise if you have children.

What does the English Language Test entail?

Applicants other than the ones listed below will need to pass an English language test.

  • Applicants from a country where English is an official language
  • Applicants over age 65 or under age 18
  • Applicants with long-term mental or physical conditions
  • Applicants with degrees in English-taught or researched disciplines, the qualification must be verified by UK NARIC.

The test assesses English-speaking and listening skills. It must be taken through an authorised Secure English Language Testing Provider and will remain valid for 24 months. You can take the test through the IELTS Consortium or Trinity College London.

What are the accommodation requirements for a UK Spouse Visa?

The Home Office requires a description of the listed accommodation, its location, and verification that the couple has the financial resources to pay for it.

A property must have enough rooms for each individual to be eligible. However,

  • Couples are permitted to share a bedroom.
  • The number of bedrooms can include living rooms.
  • Babies under age one can live in the couple’s bedroom, while two children under age 10 can share a room.

What documents are needed for a UK marriage visa application?

To increase the chances of a successful UK spouse visa application, you will need the following documents:

  • Your original marriage or civil partnership certificate.
  • Document vouching that you’ve been together for two years
  • A genuine passport
  • A certificate showing you passed the English language test.
  • Proof of UK accommodation
  • Documents ascertaining the genuineness of the relationship
  • Income statements showing you meet the minimum financial requirement.
  • Evidence showing you are married to a UK-based person or British citizen. UK citizens can present their passport copy

Documents not in English must be backed by a certified translation. Also, all documents must follow specific format requirements set by the Home Office.

What is the cost of a UK spouse visa application?

Currently, the cost of a UK spouse visa application is £1,523 for applications from overseas and £1,033 for applications made within the country. Of course, the costs increase if dependents are in the mix.

Additional costs related to UK spouse visa applications include:

  • Document translation fees for those that aren’t in English or Welsh
  • English Test fee
  • The Home Office’s Priority Premium Service fee if you want an expedited reply from the UKVI

Depending on where you apply from and the documents you provide, a UK spouse visa can take 2-12 weeks. If your UK spouse visa application is approved, you will have 30 days to enter the United Kingdom and another 10 days to obtain a biometric residence permit. You can apply to extend the 30-day entry timeframe if it’s too short for you, but it will cost you extra.You can always appeal if your application for a UK spouse visa is denied. However, it’s best to have an immigration advisor on your side as this is a complicated and often drawn-out process. That said, all UK visa application processes could be helped with the guidance of an experienced immigration lawyer to increase the chances of a successful application. Contact us for help regarding your UK spouse visa application, and we’ll be glad to help.

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