Stock Market Crash & The (next) Great Depression Ahead?
What is homeowners insurance and why is it important? The second half of that question is easy to answer – if you have a mortgage on your home, most likely the lender requires you to keep homeowners insurance on the house to at the very least cover the balance of the mortgage.
Even if you aren’t carrying a note on your home adequate home insurance helps protect your investment, your belongings and possible liability. All three aspects of protection lead back to the question, exactly what is home insurance. Simply put, home insurance gives you financial protection against damage to your home caused by disasters and beyond the structure insures the belongings inside your home. Home insurance also protects you for liability and legal responsibility for injuries your property, you, members of your family and even your pets cause others.
Typical standard homeowners insurance provides you four areas of coverage — the structure of your house, your belongings, liability and expenses in case you are temporarily forced from your home because of an insured disaster. Home insurance policies can vary greatly so it’s in your best interest to compare home insurance quotes before making a selection. Even if your mortgage lender requires home insurance you are allowed to choose your insurer.
What is covered in each of the four parts of a standard home insurance policy? Let’s take a closer look:
The structure of your home
This part of a home insurance policy is fairly self-explanatory in that it pays to repair, or rebuild if necessary, your home for insured disasters such as a fire, hurricane damage, lightning and any other disaster covered by your policy. Keep in mind flood and earthquake damage are not part of standard homeowners insurance and require separate policies. General wear and tear is not covered, but detached structures such as tool sheds and garages are covered with a standard home insurance policy.
Personal belongings
Also self-explanatory, this aspect of home insurance covers your stuff – furniture, clothes and other personal items in the event they are stolen or destroyed by a covered disaster. One interesting feature of personal belongings coverage is your belongings are also covered off-premises anywhere in the world.
Liability
Liability protects you against legal action for personal injury or property damage caused by your household. The liability aspect of home insurance also provides no-fault medical coverage in case someone is injured in your home.
Additional living expenses
What happens if your home if affected by a disaster such as a fire or a major storm? Where will you stay? This aspect of home insurance pays your expenses while living away from your home while it is being repaired. Covered expenses include hotels, meals and other living expenses.
Watch the video related to home insurance
a repeat of the German Weimar Republic? Or will we experience another stock market crash followed by a repeat of The Great Depression? Avoid foreclosure of your home, protect your retirement savings by selling your mutual funds and stocks before the herd, avoid a run on the bank and your insurance company going broke. Sleep well knowing you’re prepared. Who has the answers? CNBC, Bloomberg, The Wall street Journal, The Economist, The Globe and Mail, or BBC World? How about an interview …
Help answer the question about home insurance
About Author
The Best Site To Get FREE Multiple Competing Insurance Quotes For Auto, Home, Life, Health, And Renters Insurance. Provides Insurance Quotes Comparison Facilities Like Auto Insurance Comparison, Home Insurance Comparison, Life Insurance Comparison, Health Insurance Comparison, Renters Insurance Comparison – www.wecompareinsurance.com
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Posted by American Car Insurance on August 18th, 2009 filed in home insurance | 18 Comments »
Top incoming search terms for this post
18 Responses to “Stock Market Crash & The (next) Great Depression Ahead?”
Leave a Comment
-
Link Partner
August 18th, 2009 at 7:48 am
dont worry the government will confiscate it when they need to
its happened before
August 18th, 2009 at 8:13 am
This was a great video!
If you’re in danger of losing your home, I’ve created a video for saving your home from foreclosure in 3 steps. Hope it helps
August 18th, 2009 at 7:35 am
No, the P/E ratio didn't really collapse – but profits collapsed as well. See http://www.econ.yale.edu/~shiller/data/stock%20data%20annual%201871-2003.htm for historical data.
August 18th, 2009 at 7:44 am
This would be a book or an extensive thesis or dissertation.
No one is going to do that homework here.
I can tell you that the gov screwed up the economy and the market and kept the US in Depression for raising taxes on individuals, and on business and created socialist programs that if not addressed properly could create sever financial issues for the the USA in the future.
Frontline: $10 Trillion and Counting
http://www.pbs.org/wgbh/pages/frontline/tentrillion/
Note: the first part (of the above program) is Bush bashing with some good arguments. The last part where they show the graphs and address actual projections of entitlements and not argue solely on politics is what I would pay attention to.
In addition during the late 1920's, the FED made a series of pre-Depression interest rate (increase) blunders just like it did in 1998-2000, and 2004-2006.
August 18th, 2009 at 6:01 pm
that’s a good one! lol
August 19th, 2009 at 1:27 am
Crash Proof by Peter Schiff?
August 19th, 2009 at 3:45 am
I would not say that it is not possible. Today's society is not based on technolgy and property. It is based on debt. And the ability of people to borrow has dried up.
August 19th, 2009 at 6:58 am
It can affect a few things… if you are wanting to sell your home you might have a hard time finding a buyer who will be approved for a loan. If you are trying to buy a home you might experience difficulty obtaining a loan. In a nutshell, getting credit will be increasingly difficult. Everything from a car to a credit card. Some companies get part of their operating money from investment companies. For instance, the place your friends or family work for might use lending as a means to pay them a salary. These companies can start to be denied these types of services and thus will not be able to pay their employees. Layoffs, increased unemployment, etc. On the flip side, it can be a great time to invest in the stock market since everything is "on sale" at a discounted price. Historically the market eventually goes back up and those that bought lots of shares at a low price come out wealthy when those cheap stocks become valuable again. Hope some of this info helps. By the way, thank you for serving our country!
August 19th, 2009 at 10:13 am
Yippee, Kara! I still don't know, but I hope you get an answer soon!
August 19th, 2009 at 4:03 pm
it is actually the reverse, US banks had lots of money( cause' world trades in dollars) wanted to make more of it…US banks did not have enough customers to sell products to ( loans,bonds are products of bank as steak is that of a butcher). In order to find more customers they decided to loan to guys they should not actually loan ( sub prime – guys who can not repay loan so sub the prime index of good consumer). Now much of these loans where housing loans – so this lead to more consumers for real estate so more and more housing projects, eventually there where so many houses built that there where not enough buyers so cost of one unit of house came down to such a level that our sub – prime guy decided that his house was not good enough to pay the interests for, the banks took the house but alas it was not worth the money lent. The banks went one step ahead and sold these loan contracts as bonds to other investment houses too, so when this whole think came crashing it hit everybody. The stoke market crash is just the effect of all this greediness..
August 20th, 2009 at 6:50 am
Yeah, but when did the economy officially transition from recession to royal fustercluck
August 20th, 2009 at 9:11 am
President Hoover actually did very little during the time. He believed eventually the economy would eventually fix itself. The great depression never started in America. It was already bad throughout the world. However, back to your question. If you really want a human toll you'd have to include WWII because the great depression was the driving force fascistshe facisits.
August 20th, 2009 at 9:15 pm
Well done!!! This is by far the best video this guy has done.
August 20th, 2009 at 10:58 pm
Money spent in the great depression created our world and the problems we now fight. The solution and goal is to remember, the goal in life is not employment; it is a retirement lifestyle creating a garden paradise where we choose trees, plants and animals to grow fresh food around us. That solves world problems at the same time. It is fair, beautiful and sustainable through eternity. It is not the bondage we now live; it is true freedom and independence. Leviticus 26, God’s promises.
August 21st, 2009 at 4:24 am
We all know SOMETHING is coming and that the worst may be yet to come.
If you want to learn how to PREPARE for and GAIN from it check out the site (3w) prepareforandgainfrom (dot) {com}
August 21st, 2009 at 11:58 am
lol
August 21st, 2009 at 4:26 pm
good point that is good may be you can check out SACIIDBARRE COM
August 21st, 2009 at 12:46 pm
The leading cause of the Great Depression was agriculture. Soil erosion caused great dust bowls in the U.S. and throughout the world. 90% of the country lived on farms and ranches and decreased output caused poverty. The other 10% of the population were mostly involved in goods and services for the farming community. The Great Depression started well ahead of the Stock Market Crash. The market crash was an inevitable result of a failing economy. Nothing did much to solve the problem until military spending preceding World War II stimulated the entire economy.