Why Do I Need Renters Insurance

Why Do I Need Renters Insurance
Renters insurance is a misunderstood subject which needs to
be explained as there are many occasions where we rent
equipment, marquis for a wedding, car or boat for instance;
all of which could be damaged or even completely destroyed.
Often people rent things with the false belief that some
other insurance plan they have will cover them.

Now many people believe that when they rent a property that
they are automatically covered on the insurance of the
landlord. Although the landlord will carry insurance, which
he must by law, the only requirement is for it to cover the
building structure in the vent of fire or damage for
example.

Of course, buildings insurance will not cover any personal
belongings or any liability on your part so if property is
lost or stolen, it is renters insurance that covers the
cost. Also, if it is provide that the damage was as a
result of negligence on the part of the tenants then they
will be liable for any costs incurred.

Renter's insurance has another benefit which you may not
have considered. Lawyers fees and medical costs will be the
renters responsibility if someone is injured owing to
negligence so this is a good way to prevent large costs
being incurred. This would be a problem for most people to
pay ordinarily but for a small premium per month this
particular aspect would no longer be of concern.

It is quite common for people to rent a car believing that
their own insurance will cover the costs if there is an
accident but this isn't always the case or if they do it
has limited conditions but a worthwhile check should be
carried out on the credit card you paid for the rental on
as this may cover the costs. After you have checked your
car insurance plus your credit card conditions and find
that they do not cover renters then taking out this type of
short term insurance will not break the bank at
approximately ten dollars or so per day it is far less
expensive than replacing a new car.

Of course there are many more areas where rental insurance
can be used even if you are renting sports equipment for a
vacation. Don't dismiss the decision to by renters
insurance; the peace of mind of knowing you're covered in
the event of a mishap is worth the small price of renters
insurance. Obviously like any insurance policy, the amount
will vary according to where you live, any extras you want
to add and how much deductible you decide to arrange. Take
a look around before you decide on what company to use and
try looking on the internet as discounts are often found
there and adjust the deductible amount until the insurance
premium is within your budget.

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Keith Mallinson BscHons Provides Information on rental
insurance: what it is, how renters insurance works, and
where to find the best renters insurers online.
http://www.renters.insurance-llc.com

People ‘Becoming Financially Aware'

People ‘Becoming Financially Aware'
Britons are becoming more responsible when it comes to
managing their finances, an industry expert has asserted.

Speaking earlier this week, James Falla, director of Thomas
Charles, reported that consumers are becoming more
conscious of the effects on their money management that
shopping with store and credit cards can have. He pointed
out that the rates of interest attached to such plastic
cards are "very, very high" and are among the most
expensive levels of all types of borrowing.

Mr Falla also pointed out that a number of consumers are
looking towards taking out a personal loan as a means of
debt consolidation to help them get out of the red. In
addition, he claimed people are beginning to recognise the
need to change their spending habits when aiming to get in
a more favourable financial standing. However, the director
urged those who have taken out a loan to take care that
they do not get back into debt once more.

He said: "It's no good just thinking that you can solve
your debt problem by just getting a personal loan and then
continuing to spend on the credit cards because you end up
with a personal loan and credit cards. I actually think
that people are starting to wake up a little bit, to take a
little bit more responsibility for their spending -
particularly with everything going on around them [within]
the financial environment. People are starting to think:
'What am I going to do when it comes to paying this back?'"

The spokesperson also pointed out that the main reason for
why many people develop unmanageable debt difficulties is
because they fail to fully understand the demands on their
spending. As a result, he advised that taking the time
right now to sit down and work out their personal finances
ahead of Christmas could see Britons find their monetary
situation is in a "very good stage for the new year". Mr
Falla also pointed out that such planning may help
consumers avoid making a fiscal mistake in the present
which will see them make repayments for years to come.

His comments come after research carried out by Thomas
Charles, commissioned by YouGov, showed that 15 per cent of
Britons are in serious debt problems, in which they owe at
least 10,000 pounds via personal loans, plastic cards and
other types of borrowing. Meanwhile, a quarter of consumers
are set to avoid spending with credit cards during the
festive season. The study also indicated that men generally
are further in the red than women.

Although he reported that this time of year is often
financially stressful, people are already looking to take
steps in reducing their expenditure particularly through
expensive methods such as credit cards. The director noted
that consumers are beginning to realise that they can no
longer splash out "willy nilly". Such a decrease in
spending was attributed to many people's monetary standing
becoming "tighter", as well as the impact of the recent
credit crunch which has seen a number of lenders increase
the interest rates attached to personal loans and other
borrowing products as well as using stricter criteria when
judging whether or not to grant consumers credit.

As a result those consumers who are concerned about their
ability to manage their finances and are looking to get
their spending under control ahead of the Christmas period
may wish to take out a debt consolidation loan which could
well leave them with more disposable income at the end of
each month. However, upon receiving such a loan borrowers
should look to ensure that they do not get themselves back
into the red and always make repayments. Speaking on BBC
One's Lunchtime News programme earlier this year, Peter
Tutton from Citizens Advice warned that although most
people can afford to take out loans and other types of
borrowing, consumers can develop financial difficulties
should they receive a demand for payment on something such
as a utility bill which is larger than they had first
anticipated.

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Abbi Rouse writes for All About Loans where visitors can
apply online for tenant loans. We also specialise in
homeowner loans, and self certification loans. Visit
Today: http://www.allaboutloans.co.uk

How To Find the Best Credit Card Rate for You

How To Find the Best Credit Card Rate for You
Looking for the best credit card rate? You're not alone.
Millions of consumers jump from card to card trying to find
a rate that's better than the one they're currently paying.
Do yourself a favor and don't play leap frog with the
credit card companies. Here are some helpful tips for
finding the best credit card rate for you.

But He's Got a Better Rate!

Upset that your neighbor has a better credit card rate than
you? Get over it. If you're looking for the best credit
card rate, there's something you need to understand...

Not all credit is created equal, and the best credit card
rate for you might not be a great rate for someone else. If
Mary Jane has never had a late payment or collection
account in her life and Betty Sue has had a few, the girls
are going to qualify for different rates.

Before you go in search of the best credit card rate out
there, take a serious look at your credit situation. If
there are some dings or dents, you're going to have to
settle for a higher rate than you may have anticipated.

Check Your Options

If you really want to get a feel for what the best credit
card rate is, you need to know what's out there. That means
comparing your options. No, I'm not telling you to apply
for every card in the world to see what terms they offer
you. What you should do is check the terms and conditions
of at least five or six different cards you may be
interested in and see who's offering the lowest fixed rate.

Don't Let 'Em Woo You

Most of us know that 0-percent interest rate is too good to
last when searching for the best credit card rate. However,
a 6.99 or 7.99 percent rate is probably just a teaser too.

If a rate seems to good to be true, it is. Make sure you
chose a fixed rate, not a teaser rate. A teaser of 6.99
that jumps to 26.99 isn't the best credit card rate after
all.

Know When To Hold 'Em, Know When To Fold 'Em, Know When To
Walk Away...

There's a great country song about knowing when to walk
away (and knowing when to run). If you start out with a
credit card that offers the best credit card rate, but then
the terms change and the rate goes up again and again, it's
time to run.

Sure, the length of your creditor relationships has an
impact on your credit rating. That doesn't mean you should
be taken for a ride. If you're constantly seeing rate
hikes, transfer your balance to a different credit card
that is currently offering the best credit card rate. Leave
the other account open, just don't use it.

One Size Does Not Fit All

Keep the above tips in mind when looking for the best
credit card rate. Sure, 10 or 12-percent interest might not
seem like such a great deal when you see offers for less
than 10-percent all around you. Just remember, the best
credit card rate for you is the best that you qualify for
-- not the best that the nonexistent perfect consumer with
the highest credit score possible might get.

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For more tips on the best credit cards, saving money and
avoiding getting taken, check out the best credit card
section at CreditCardTipsEtc.com, a website that
specializes in providing credit card tips, advice and
resources.
http://www.creditcardtipsetc.com/best_credit_cards

Consumers ‘Need To Monitor Finances' During Christmas

Consumers ‘Need To Monitor Finances' During Christmas
More people could be due to come under financial pressure
over Christmas, a new study suggests.

In research conducted by CreditExpert, 76 per cent of
Britons state that they are set to either spend the same
amount of money on gifts this year as they did in 2006 or
increase their expenditure. The news comes as 29 per cent
of those surveyed claim that their present financial
situation is tighter than it was last year. And as the
credit reference agency claims that the impact of the
recent series of interest rate rises and the credit crunch
has put more strain on consumers' monetary situations, more
people could well be due for a "huge financial fork-out
this Christmas".

The study also showed that eight per cent of respondents
believe that their borrowing, whether through credit cards,
overdrafts or a personal loan, will increase in the weeks
leading up to the Christmas period. Meanwhile, about half
(47 per cent) of those surveyed think that there is a
social pressure for them to buy expensive gifts.

Jim Hodgkins, managing director for CreditExpert, said:
"During the festive season, most of us spend more than
normal so it's especially important to monitor our finances
and make sure our Christmas doesn't turn into a financial
nightmare."

He advised that while buying gifts is a "big part" of the
festive period, consumers would be wise to avoid
overspending as otherwise they could develop problems
managing debts accrued via loans and credit cards. "It's
vital we budget and take a step back to ensure all our
outgoings are necessary so we don't end up being unable to
make the repayments come January - a bad credit rating can
make the difference between being offered credit or not, so
make sure you keep on top of your credit history and ensure
you can pay back any debts before you go into the red," Mr
Hodgkins asserted.

Overall, the study showed that people in the north feel
that they are under the most pressure to splash out on
expensive gifts for their loved ones, which consequently
could impact upon their ability to make payments on
personal loans and other types of borrowing. In turn,
CreditExpert pointed out that those from the northern areas
struggle more with money than anywhere else in the country,
as the levels of consumers in the north-west and north-east
who have got into debt after overspending during Christmas
accounts for 37 and 31 per cent respectively. This compares
to the 22 per cent of residents from the south-east of
England who admitted getting into debt last Christmas.
Meanwhile, people in the 35 to 44-year-old age bracket are
the most likely to have gone into the red as a result of
exceeding spending plans over the festive season.

For those concerned about their ability to fund their
spending in the run-up to Christmas, taking out a cheap
loan could well be an advisable option, as in doing so
borrowers may be able to make a number of purchases at a
low rate of interest or pay off other debts that they may
have built up. Last month, Neil Munroe, external affairs
director at Equifax, reported that having a positive credit
report can help consumers access a loan at a competitive
rate of interest.

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Abbi Rouse is Editor in Chief for All About Loans. Our
visitors have access to loans of all types: From self
employed loans to bad credit tenant loans. Visit today
http://www.allaboutloans.co.uk