Entries from May 2010 ↓

Do you remember the Blues Brothers? They were unstoppable. They were “on a mission from God”. Seems like almost everyone standing behind the counter in the rental agency is a Blues Brother when you come into collect the vehicle. They always want to sell you something, usually additional insurance. The most common special offer is loss damage waiver (LDW). It sounds such a good idea to have complete cover against any loss caused to the vehicle while under your control. The magic word is “waiver”. You are excluded from liability even if you drive the vehicle off the end of a pier and it sinks without trace (hopefully without you still inside it). The only problem is this good idea can seriously damage your bank balance when the final bill comes in. That hourly or daily rate just got heavy. So when should you add LDW? The answer is deceptively simple. If you do not own another vehicle and have no insurance cover in place, it may be a good buy. But most insurance policies on your own vehicle cover you while driving a rental. So it all comes down to the extent of that cover on your own vehicle. Continue reading →

The year long fight over whether to pass a bill reforming the healthcare industry has just come to an end. President Obama has signed it into law. Now all we have to do is sit back and wait to see whether it will deliver a better and fairer service to more of the population. At this point, a little honesty is in order. The US healthcare service has been broken for some time and anything that improves it is to be welcomed. The GOP do, however, have legitimate concerns about cost. We are just starting to recover from a deep recession. Unemployment is still at a record high. Public debt is mounting as big government tries to keep the banks afloat and encourage business to start hiring again. So, if this reform pushes up debt, the cost may come to outweigh the benefits. The various supposedly independent government agencies claim the reforms will actually reduce public debt. Unfortunately, guessing what will happen in the future never produces reliable results. All we can do is wait and see. Continue reading →

MGI mortgage or insurance is a precaution is worthwhile, because it can be useful if you do not pay your mortgage due to illness or accident. It saves you the stress of the mortgage when the mounting costs associated with treatment or if you have no income to pay for a certain period.

People often think that it is not considered necessary for them they are safe, but we can not guarantee that it is still safe for health or other serious diseases. The law policy at the best price things a safety net incase go wrong and to accept the lowest mortgage payment as usual. Continue reading →