There are a few important questions you can ask yourself to help you choose the type of coverage you need. How much money loss or risk are you willing to take on yourself? Do you have the cash to take care of your expenses or obligations assuming that you have a mishap? What happens if […]
BUSINESS
What Makes Protection Rates Go up or Down?
Insurance is an industry. Even though it would be nice if the companies kept their rates the same all the time, the truth is that they need to make enough money to pay for all of the claims that their policyholders might make. A company must adjust their rates in order to make money when […]
Premium vs. Claims Payments Take a look at this illustration to see how premium and claims payments differ from one another.
Imagine that you insure your $200,000 home for $500 per year. You have been making payments for ten years without making any claims. That emerges to $500 times 10 years. This indicates that your home insurance cost $5,000. You begin to question why you are paying so much for absolutely nothing. In the eleventh year, […]
What is Bitcoin and How Can it Work?
Bitcoin is a decentralized digital currency that was created in 2009 under the name Satoshi Nakamoto by an unknown individual or group. It works without a national bank or single chairman and can be sent from one client to another on the distributed bitcoin network without the requirement for go-betweens. The bitcoin transaction is broadcast […]
The emergence of digital currencies: Understanding the Fundamentals
A cryptocurrency is a digital or virtual currency that provides security through the use of cryptography. It can be sent from one user to another on a decentralized network and operates independently of a government or central bank. Bitcoin is the most well-known cryptocurrency, but there are also thousands of others like Ethereum, Litecoin, and […]
How are claims paid by insurance companies?
At the point when you have a misfortune, for example, a fender bender or house fire, you will summon your insurance agency right and let them know. They will keep track of your claim and investigate it to determine what took place and how you are covered. If they determine that you have a covered […]
Currently in Burma, by the end of this year
Myanmar Dylan Club with traditional Myanmar style and system,” says Mandalay Bamboo Handicraft Alain Lamp. The luminaries, lanterns, and luminaires that I make are in high demand and of the same taste. After the fire, they no longer have such models in Myanmar or anywhere else in the world. The product has received a lot […]
7 Important Terms to Know About Your Insurance Policy The fine print of your policy will include a few key terms. Knowing what they mean is beneficial.
In the event of a claim, you will be responsible for paying the deductible. You take on more risk with a higher deductible, but your payments will be lower. As a means of cutting costs, a high deductible may be chosen by some. Your insurance does not cover exclusions. In order to avoid being caught […]
What is covered by a residential policy?
Your property’s buildings are covered by homeowner’s insurance. This includes both your primary residence and any other structures in the area. In addition, it provides liability protection, covers your home’s contents, movable property, and living expenses in the event of a loss. In the event of a loss, renters insurance covers your rental unit’s possessions […]
Palm oil will be sold at a lower price thanks to the Myanmar Oil
Traders and Oil Entrepreneurs Association, which made the announcement today. Because the central bank has sold foreign currency directly to companies importing edible oil to prevent the price of cooking oil from skyrocketing due to the depreciation of the Myanmar currency and the high exchange rate, the association will only sell the equivalent of 3,700 […]