You are probably familiar with common insurance – automotive insurance, life insurance, health insurance, and homeowner’s insurance. You might even be familiar with certain branches of each kind of insurance, such as the different levels of coverage available for automotive insurance, the different kinds of life insurance policies offered, the regulations that come with some health insurance policies, and whether or not you even need homeowner’s insurance. But are you familiar with title insurance? If not, read on for a quick education on title insurance policies.

Title insurance, most commonly, is an insurance policy that is purchased to protect the owner and the property – usually land – from claims against the ownership of the property. In other words, title insurance will protect you in the event that someone claims you don’t own property that you do, in fact, own.

Depending on the specific title insurance policy, you can be compensated for all procedures involved in proving your ownership of the property. Such procedures include hiring an attorney as defense and court proceedings. Depending on the specific title insurance policy, a title insurance policy will pay for the fees related to such procedures, and reimburse you for the money spent in the event that you win the case.

Having a title insurance policy is important because at anytime someone may show up at your door claiming to have rights to your property. Since property such as land is not something that deteriorates and just disappears or finds a new home in a junkyard, there are most likely people who have had some business with your land property at one time or another.

When you purchase your property, you may actually be purchasing land that others have certain rights to. In other words, you may not be getting a clear title. If this happens to you – if someone claims to have certain rights to your property – a title insurance policy will come in handy.

Many people feel that if they have adequate health insurance, they should not have to worry about additional coverage for their medicines and remedies, and in a perfect world, they would not have to worry about their medicines and remedies; however, this is not a perfect world, and sometimes even an adequate health insurance policy is not enough for some people to cover the costs of medicines and remedies, or does not cover enough of the medicines and remedies for the cost to be affordable for the health insurance policyholder.

This is where prescription drug expense insurance policies can come in handy. Prescription drug expense insurance policies are actually supplemental insurance policies; they are not connected in any way to your current health insurance policy. A prescription drug expense insurance policy can pick up the cost where your health insurance policy stops paying; this is helpful if your health insurance policy seems to stop paying before it should.

For example, if you are prescribed certain medicines and remedies, your health insurance plan will most likely pay for a certain percentage of the medicines and remedies. You may even only have to pay a co-pay. Yet, if you have a prescription drug expense insurance policy, you can also be covered for that co-pay, or any other expense that your regular health insurance policy does not cover. Still, with a prescription drug expense insurance policy, it should be noted that you may still be required to pay a nominal co-pay.

Prescription drug expense insurance policies are obviously not for everyone. Some people may be offered enough prescription coverage for their medicines and remedies through their regular health insurance policies that they do not feel they need the additional coverage that a prescription drug expense insurance policy would offer them. However, if you are interested in additional coverage for your medicines and remedies, a prescription drug expense insurance policy may be worth consideration.

We know we need it; it is required, after all. We just hope we never have to use it. Purchasing auto insurance may seem like the difficult part of the process, with all the legalese and fine print; however, if you actually ever need your auto insurance, you’re going to have to file an auto insurance claim. This can be the trickier part, if you aren’t prepared.

Below is some advice for filing an auto insurance claim. Although it’s best to brush up on this advice before you actually need to file an auto insurance claim, you may want to jot this advice down for future reference.

Get Answers

You really should know how much auto insurance you have before you’re involved in an accident; however, if you don’t, find out how much liability coverage you have. Liability coverage is the amount of money you have available to pay for the damages caused by an accident in which you are at fault. The liability insurance can cover vehicle repairs and hospital expenses for the other party, for example.

You also need to know the amount of your deductible for your collision auto insurance coverage, and your comprehensive auto insurance coverage if you have it. Simply put, this is the amount you have to pay before your auto insurance kicks in.

Contact Your Insurance Company

Contact your insurance company, and provide them with your name and address, as well as those of the involved parties, everything pertinent to the accident (date, time, location, damages, etc.), and the names and addresses of any witnesses. Your insurance company will advise you on what further steps to take, and then they will take it from there.

Talking with an aging parent about purchasing long-term care insurance isn’t usually a cheerful conversation. Fortunately, not everyone has to talk with an aging parent about purchasing long-term care insurance. Some aging people have enough money saved to cover the cost of long-term care. Many times aging widows can rely on the money from their deceased husband’s pension. For example, an aging woman who was married to a coal miner who developed black lung disease or another respiratory problem will usually receive a check until the day she, too, passes on. Sometimes these pensions are enough to cover the cost, or at least a chunk of the cost, of long-term care.

But not everyone has enough money to cover the cost of long-term care, and not everyone receives a pension to help cover the cost of long-term care. If you have an aging parent, or aging parents, it’s best to talk with them about purchasing long-term care insurance sooner than later.

Since most people don’t want to be told they’re aging, it’s best to approach the topic of purchasing long-term care insurance very delicately; otherwise, your aging parent may think you just want to make sure he or she is off your hands should he or she get sick and need long-term care.

Explain to your aging parent that while she is still full of energy and life, she is getting on in years. Express the fact that you love her, and want to make sure she has the best available care if there should ever come a time when she needs long-term care beyond your expertise or ability. Explain to your aging parent that you simply don’t want her to be without the best of care should there come a time when she needs long-term care, and that by purchasing long-term care insurance, you can all rest assured that the best possible care will be available if ever needed.

Many Americans have many more complaints with the American government and politics, and how ill-prepared the government was for helping American citizens before, during, and after Hurricane Katrina struck is only one example. However, it is apparent that the American government and the politics that surround it are not just sitting around waiting for the next disaster to strike – they have been making preparations, and not just for natural disasters such as hurricanes.

Natural disasters are not the only emergencies in which organizations have been founded to help citizens when insurance policies are nonexistent, or not enough; organizations such as the Federal Emergency Management Agency, better known as FEMA, have stepped in and helped during troubled times. However, past terrorist attacks, and present risks of terrorist attacks, have prompted the federal government to get involved and pass the Terrorism Risk Insurance Act, also known as TRIA.

TRIA may not be an organization like FEMA, but the act is designed arrange a provisional program that makes sure both citizens and insurance companies are prepared – as prepared as can be – in the event of a terrorism attack. TRIA does this by guaranteeing that the federal government will share the costs of losses due to terrorism attacks with insurance companies. This helps ensure that insurance companies will not, for lack of better terms, run out of money. It also helps ensure that American citizens provided with the help they needs, as well as be compensated for their losses.

Insurance companies were not adequately prepared for the financial losses that resulted from the September 11, 2001 terrorist attacks, and had to rely heavily on reinsurers, companies that make available insurance to insurance companies, to help pay the cost of damages. Now that TRIA is in effect, insurance companies are at less risk for being inadequately funded. Plus, the time it takes to underwrite an insurance policy is reduced since the losses have been reduced.