Do you think you don’t need insurance just because you happen to live in a condo and not in a full-fledged home? It’s true that condo insurance is quite unlike home owner insurance and you are right in wondering about the advantages condo owner insurance is likely to give to condo owners. In fact, all differences between condo insurance and home owner insurance boils down to the fact whether you own the condo or have rented it. As far as advantages of condo insurance to condo owners are concerned, it depends entirely on the carriers and the condo insurance policy you choose.
There are quite a few options available for your condo when you finally decide to get yourself condo insurance. So have a good look at these options. These options include:
• Coverage of personal property
• Coverage of loss of your possessions
• Coverage of personal liabilities
• Coverage of medical bills
Any good insurance company that offers general insurance can also offer condo insurance to you. The only thing that will make any difference whilst taking condo insurance is, whether you own the condo or you have taken it on rent. If you own the condo, then the insurance will be condo owner insurance otherwise it will be condo rental insurance in case it is on rent.
Condo rental insurance is vital as you are not protected sufficiently under the landlord’s master policy. You need a separate policy for Content Coverage which includes all your valuables and personal possessions which, unfortunately, are not covered under master policy.
Condo rental insurance also covers external living expenses that cover your external living expenses at the time of damage or repair of the building where you reside.
It’s very important that you should get quotes from various companies before you settle down for one. Always bear in mind that rates of condo insurance vary greatly from company to company so always choose after comparing what other companies have to offer. You can get help from various sites available online to compare the existing rates before deciding on the one which suits you the best.
www.campbellsolberg.com is a great place to get the condo insurance that will give you complete protection at reasonable rates.
Wednesday, January 13, 2010
Buying Term Insurance from America
Someone asked me about the risk of buying Term Insurance from America. They premium rate is much lower than the rates available in Singapore and it is easy to buy through the internet. Here is an example of a website.
I am not aware about any risk. I believe that it should be quite easy to make a claim, if the need arises. You should choose a financially strong and reputable company. I have asked two lawyers to give me their views. I will past the replies when I received them.
Of course, it is better to buy Term Insurance from an insurance company in Singapore, provided that the premium rate is competitive and they make it easy to buy directly through the internet. It is all right for you to pay up a higher premium for the convenience and assurance, but the difference should not exceed 20% compared to the best rates available in America. I hope that competition in Singapore should force the premium rate down to the same level as in America (as the life expectancy and health status in Singapore is better than in America.
Tan Kin Lian
I am not aware about any risk. I believe that it should be quite easy to make a claim, if the need arises. You should choose a financially strong and reputable company. I have asked two lawyers to give me their views. I will past the replies when I received them.
Of course, it is better to buy Term Insurance from an insurance company in Singapore, provided that the premium rate is competitive and they make it easy to buy directly through the internet. It is all right for you to pay up a higher premium for the convenience and assurance, but the difference should not exceed 20% compared to the best rates available in America. I hope that competition in Singapore should force the premium rate down to the same level as in America (as the life expectancy and health status in Singapore is better than in America.
Tan Kin Lian
Educating our young - views posted in survey
Views posted in the survey
1. Please don't force the children to buy useless textbooks which are not comprehensive enough. At the moment there is a huge sideline industry for other "outside" study guides which are a thousand times better than the school textbooks! It penalises the children from poor families who already spend all their money on the Official textbooks.
2. Children learn the selfishness from parents. Parents are selfish because of the education system here. So, the root cause is the education system here. Under the current system, only those who can perform better academically will be "rewarded" with a place in "good" school. Consequently, lucrative career awaiting them in government service. As there are limited vacancies in these "good" schools, do you think parents would share useful info among their friends so that children of their friends would land a place in these good schools? That's how the selfishness begins and unwittingly pass it to the next generation...sad!
3. University degrees ought not to be valued over other factors in recruitment, unless the technical knowledge or skills required are those that cannot be acquired otherwise (medical, engineering, or specific professional degrees). For example, an general office worker does not require a degree to be competent; rather, what should be required are good language skills and other skills that are relevant to the job. A university degree may be a sufficient condition, but it ought not be a necessary condition.
4. Good results/certification does not equal to good future.
Participate in the survey by clicking on this link.
1. Please don't force the children to buy useless textbooks which are not comprehensive enough. At the moment there is a huge sideline industry for other "outside" study guides which are a thousand times better than the school textbooks! It penalises the children from poor families who already spend all their money on the Official textbooks.
2. Children learn the selfishness from parents. Parents are selfish because of the education system here. So, the root cause is the education system here. Under the current system, only those who can perform better academically will be "rewarded" with a place in "good" school. Consequently, lucrative career awaiting them in government service. As there are limited vacancies in these "good" schools, do you think parents would share useful info among their friends so that children of their friends would land a place in these good schools? That's how the selfishness begins and unwittingly pass it to the next generation...sad!
3. University degrees ought not to be valued over other factors in recruitment, unless the technical knowledge or skills required are those that cannot be acquired otherwise (medical, engineering, or specific professional degrees). For example, an general office worker does not require a degree to be competent; rather, what should be required are good language skills and other skills that are relevant to the job. A university degree may be a sufficient condition, but it ought not be a necessary condition.
4. Good results/certification does not equal to good future.
Participate in the survey by clicking on this link.
Financial Inquiry Commission
The US Congress set up a Financial Inquiry Commission to investigate the causes of the financial crisis. Some knowledgeable people and the media have identified questions to be posed to the large banks that were involved in the crisis. The questions are shown here:
Ten Questions A Financial Inquiry Commission MUST Ask
by Eliot Spitzer, William Black, and Frank Partnoy
http://en.wikipedia.org/wiki/
http://www.businessinsider.
My questions for 4 bank CEOs
Mr Keith Hennessey, an ex-senior White House economic advisor to former president
George W Bush, is one of the members of the 10-member panel..
http://en.wikipedia.org/wiki/
http://keithhennessey.com/
Questions for the Big Bankers
The New York Times's Op-Ed editors asked eight financial experts
to pose questions they would like to hear the bankers answer.
http://www.nytimes.com/2010/
Ten Questions A Financial Inquiry Commission MUST Ask
by Eliot Spitzer, William Black, and Frank Partnoy
http://en.wikipedia.org/wiki/
http://www.businessinsider.
My questions for 4 bank CEOs
Mr Keith Hennessey, an ex-senior White House economic advisor to former president
George W Bush, is one of the members of the 10-member panel..
http://en.wikipedia.org/wiki/
http://keithhennessey.com/
Questions for the Big Bankers
The New York Times's Op-Ed editors asked eight financial experts
to pose questions they would like to hear the bankers answer.
http://www.nytimes.com/2010/
Unemployment in Singapore
I need your help to do some research on unemployment in Singapore
a) How many citizens and permanent residents lose their job each year, due to retrenchment or business failure of their employers, i.e. not due to change of job? It varies from one year to another, but I like to have an average over a number of years.
b) What is the proportion of people who lose their job, i.e. taking this average number as a percentage of those in the workforce.
c) How long does it take to find a new job and what is the average salary for the new job compared to the job that was lost? This statistics may be difficult to get, but I hope that some approximate figures are available.
d) How long does it take a school leaver to find a full time job?
You can post your findings here or send them to kinlian@gmail.com
a) How many citizens and permanent residents lose their job each year, due to retrenchment or business failure of their employers, i.e. not due to change of job? It varies from one year to another, but I like to have an average over a number of years.
b) What is the proportion of people who lose their job, i.e. taking this average number as a percentage of those in the workforce.
c) How long does it take to find a new job and what is the average salary for the new job compared to the job that was lost? This statistics may be difficult to get, but I hope that some approximate figures are available.
d) How long does it take a school leaver to find a full time job?
You can post your findings here or send them to kinlian@gmail.com
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