Insurance claims are not always straightforward activities. There are many different kinds of insurance, and there are many kinds of contexts that those insurance niches operate in. And, for every possibility of getting your insurance claim approved, there is an equal possibility of that claim being denied for one of a million different reasons.
Because of these uncertainties, you should do as much research as possible about the insurance industry that may most affect you, and you should do it before some sort of time constraint shows up that you have. A few examples of times where you might want to research insurance opportunities in advance include dealing with disability claims, disaster area claims, and workplace claims.
If you're trying to make a disability claim to an insurance company, there are lots of ways that they can figure out to deny you. Insurance companies aren't out there to help you. They are out there to make money. They need to make sure that the number of claims that they pay out to is less than the money that they are getting in from their overall client base. It's essential that you never forget that that equation is in place as you're making your particular claim.
How many disasters are happening all around the world right now? There are hurricanes, floods, fires, mudslides, droughts, and everything in between. Because best, the insurance that people have for disasters is a functional pivot point in their lives. Either they have the protection and can claim it and get the money, or some other set of situations is present that they either don't have the right insurance or don't go through the proper claiming procedures. Insurance companies are going to be very specific if they owe a lot of money to a lot of people in a similar area at the same time.
Then there is the matter of insurance claims inside a workplace. Initially, you could consider this some variation of Worker's Compensation that may have to be dealt with. Other times, related to the idea of insurance would be employee claims of toxic workplaces, sexual harassment, or racial impropriety. Allegations and denials of these matters can come down to very small and specific facts, so researching ahead of time is advisable.
In the end, a lot of insurance claims that ultimately get rejected are denied because of paperwork being filled out incorrectly, or proof not being presented at the appropriate time to the appropriate people. You have to have a long paper trail to prove many insurance claims, and there also needs to be a very clear focus on doing everything as per instructions.
Want to pay off debt and save money this year?
I know you do. All of us do. Here are few ideas to get started in today's contributed post.
While some people find it exciting to pay off debt, this is not the case for everyone.
Some people need a little bit more of a push to pay off their debt and create savings more than others.
However, paying off thousands of pounds of debt can be tough at times for everyone. So, it is important that you find different ways to stay inspired so that you don’t ruin all of your own hard work that you have already achieved.
Here, we are taking you through our top tips for how you can stay inspired to pay off debt and save money.Read more
Looking to start a home-based business?
These days, it seems many people are. Today's contributed provides great tips for getting started.
Having a small business which you can run from home means that you have a lot of opportunities to make a bit more money.
Yet, there is more to having a home-based business than the extra income, however, although it’s probably the main reason most of us get started.
A more flexible lifestyle, freedom to do what you want, and the possibility of growing your business over time are just a few of the reasons that people choose to become business owners. Here is a handful of other great reasons to why you should run a business from home as well as a few tips on how you can get started as soon as possible. Read more
Looking to make more money?
If so, today's contributed post is for you. Here are 10 ways to an extra $100 this week!
If you’re looking to make an extra $100 per week, this article is going to provide ten ways to do just that - without getting an extra job.
Of course, none of these ideas are going to make you rich in the same way that Turner Investment Corporation might, as investing is the most effective strategy to produce wealth and financial freedom.
But, they are a good start for most people looking to make some extra cash to supplement their current income, without having to go out and get another job.
Indeed, all of the opportunities to make more money that are listed below can be done from home.Read more
What comes to mind when I say ...
Is it images of wealth and old money that you only see in movies? Well, that's not what we're discussing here in today's contributed post.
Nope. Today, we're talking about how you can take your family money (the money you're earning right now) and build on it.
You work hard for the well-being of your family and earn a decent wage.
But, it doesn't have to stop there.
In fact, you may be able to increase your wealth substantially.
By putting your family's money to work in the following ways. Read more
How much money are you saving for retirement?
Yes, that's the age old personal finance and money question if there ever was one. We all want to be given "the number" to shoot for and desire to know how close (or how far) we are to that target.
If you're like my wife and I, you wonder whether you are doing it right or not. You are constantly discussing money matters over dinner or during a long car ride.
Maybe you worry about how you will be able to afford your own home. If you do own a home, you may worry about having enough money for the mortgage each month.
Then, there's saving for children. You need clothes, food, diapers, toys, and who knows what else. One day, you will want to send them to college. So, there is saving for that.
Finally, you probably don't want to work for the rest of your life. I know I don't. So, you need to plan for retirement somehow. However, that seems so far off and you just put off doing anything about it.
So, depending on your situation, you are likely asking yourself one of two questions. If you aren't saving, you will want to know how you can get started. On the other hand, if you are saving, you will want to know if you're saving enough.
In order to answer those questions, you have to know your goals and understand the process to achieve them. You also have to make sure you are budgeting properly by using an app like Personal Capital and know your numbers.
Saving money is not a one-size fits all concept. Sure, there are guidelines and we will discuss some of those. But, you need to customize these guidelines to fit your lifestyle and your family's end game.Read more
Your business may be breaking the law without realizing it.
It's true. Businesses break the law unknowingly and the results can be devastating.
So, if you're a business owner, you must check out this business law guide we put together with one of our contributors.
After all, having a business comes with a lot of legal issues that you never had to deal with before. The whole thing can get a bit confusing but it’s part of the job so you’ve just got to get on with it.
Hopefully, you aren’t going to be breaking any laws on purpose but when you’re trying to learn all of these new rules and regulations, it’s easy to make mistakes.
In fact, it’s far easier than you think to accidentally break the law when you’re a business owner and the authorities won’t have any sympathy for you if you do.
Also, you'll learn crucial business law topics along with the most common ways that businesses break the law accidentally.
First of all, I also want to stress what I mention in the disclaimer above every post: I am not a lawyer!
Please, please, please get legal advice before acting on the information below on business law. It's a tricky and confusing subject and it's best to get professional assistance in dealing with these complex matters. We're just doing an overview here.Read more
Think about this:
Where would you be now financially if you never made a mistake with your money?
Would you be financially free?
Could you leave your job?
Would you have a better life without debt?
In today's contributed post, we're going to explore common money mistakes to avoid this year and beyond. Think about the impact avoiding money mistakes earlier in life can do for you in the long-term.
Then, we're going to show you a few ways you can prevent further money mistakes in the future.
If you're the type of person who likes to plan ahead, this post is for you.
Let's get to it.Read more
People that pay off debt do two things very well:
First, they create a budget to understand where their money is going.
Second, they find ways to make money or increase their income to pay off debt faster.
If you need to learn how to make money and pay off debt this year, you've come to the right place.
Let's face it:
Things are hard once you reach adulthood.
You're trying to build a life for yourself and family. It's not as easy as we think.
Lay offs happen. Incomes don't always rise. Expenses just keep piling up.
And, for many, those darn student loan bills never go away.
If you keep wondering how you're going to pay off debt with no money or with a low income, you're in luck. Today, we're going to show you not only how to get rid of the debt, but budget your money for the long-term.
Then, we're going to also help you realize your ability to make more money to pay off debt, save, and live the life you want for your family. Sound like a plan?
Let's start paying off debt and making some more money then. Shall we?Read more
We all want a way to bring in more money. These days, many people turn to side businesses to make money and the same goes for yours truly. In today's contributed post, you'll learn the 3 best side businesses to make money this year and beyond.
Many people in the US are struggling on a low income from their jobs and have to find other ways of making more money to financially survive. Although the unemployment figures are better than they have been for a long time, many of the jobs are in the lower paid sectors, and those already working have not had the pay increases they would normally expect. On average, pay increased by just 5 cents an hour, which is only noticeable once the IRS has had their share.
This has resulted in more than 7.5 million Americans holding down more than one job. Even high numbers of the population have side-hustles to help them financially. In fact, it is said that more than 44 million people in the US earn extra money this way.Read more