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WHAT IS A PERFECT LIABILITY INSURANCE FOR YOUR HOME?

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Do you have a slippery walkway or a gaping gopher hole that can cause a person to trip or fall and spring their ankle? Maybe your home is being renovated, and you have a bunch of tools or a ladder lying around? If anyone gets hurt, they can try and press charges. You can be held accountable, and required to pay thousands or more dollars in damages, crippling your savings. Liability insurance, a segment of your homeowners insurance, can protect you from this scenario. Liability is a “legal or financial obligation” you have as a property owner. It protects other people and their property from you. Check out the text below to learn more about choosing the right liability insurance for you.

 

What Is Liability Insurance for Homeowners?

The liability part of your homeowners insurance protects your financial assets in the event that you are held legally accountable for bodily injury to another person, or damages to their pets or property. Here’s a list of what this type of insurance can cover:

  • The cost of repairs to another person’s property
  • The medical expenses of an injured party or their pets
  • Lost wages, if the damaged third-party is prevented from making money due to damage to their property or a bodily injury
  • The costs of legal defense, including an attorney and legal fees if charges are brought against you

Even if you are not found accountable in legal proceedings, the liability insurance can still cover the legal fees. Defamation, or an injury to another party’s reputation with a statement that is deemed false, can also be covered, depending on the details of your homeowner’s policy. If any of this sounds complex or confusing, you are not alone. Companies such as PathwayPort help insurance agencies bridge the information gap between agents and policyholders. PathwayPort uses email marketing, as well as web and mobile apps, to enable smooth communication between policyholders and their insurance brokers. Pathway is an automated insurance platform designed exclusively to help insurance agencies streamline renewals, deliver secure e-policies, automate billing reminders, boost customer loyalty. On top of this, clients are also given access to their proof insurance through their own self-service portal which is integrated onto the brokerage’s website.

 

Liability Insurance For Family Members and Pets

If you live alone, liability coverage will likely be less costly. Simply keep your premises safe and tidy, and you probably won’t have to worry about causing too much damage. If you live with family members, however, your risks grow exponentially. Your child might accidentally ruin a neighbor’s expensive rug, break an antique vase, or smash a window while playing football with friends. Your dog, on the other hand, even if they are friendly, might run too fast and accidentally knock over a child. An undertrained pet might dig holes in your neighbor’s yard, damaging their lawn and/or garden. In either case, liability insurance would cover any damages to third parties, up to the limit stated in your insurance policy. Including pets and family members in your liability insurance coverage will cost you more. Keep in mind though, that introducing more risk factors increases the possibility of doing damage to others. This is why including family members and pets in your policy is an integral part of purchasing the perfect liability coverage for you. Additional tip: If you own a dog whose breed is considered dangerous or aggressive, such as a pit bull or a great Dane, consider investing more money in your animal liability coverage.

 

How Much Liability Insurance Do I Need?

The average liability coverage for homeowners in the U.S. amounts to  $100,000, for a $200,000 dwelling. You are also required to pay an average of $1000 deductible. A deductible refers to the amount of money you promise to pay before the insurance kicks in and covers the damages. But how do you know how much money you should invest in your individual liability insurance? The first thing you need to determine is your net worth. In worst case scenarios, such as battling a lawsuit in a courtroom, all of your property and even future earnings could be at stake. If your net worth is higher than average, it would be a good idea to consider excess liability coverage. For an additional yearly investment of around $150 to $300, you can access additional coverage if you reach the limit of your underlying insurance policy. This will also cover any other types of insurance claims, such as defamation. To be sure you don’t end up underinsured or over insured, talk to a qualified insurance representative. Most insurance agencies offer one-on-one calls and meetings, to help you make an informed decision.

 

Conclusion

Damages to your property are not the only way your financial assets can suffer. Causing damage to neighbors, guests, and passersby can also drain your bank account. Train your pets, invest in home safety, and keep your premises tidy to prevent accidents. To adjust the liability costs to your individual needs, add any family members and pets to your policy, and consider excess liability coverage if your net worth is higher than average.

Finance

A BRIEF GUIDE TO TRADING IN CRYPTOCURRENCY SECURELY

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Trading in cryptocurrency is becoming increasingly popular in the financial world. Crypto’s huge rises in value over recent months has encouraged many to consider it a valid and important way to invest their money. However, it can be tricky for someone new to the world of crypto to know how to start. The process of setting up can take a few days, but once you’re ready to go, it can be fairly simple to start trading.

 

Find A Crypto Wallet

To store crypto, you will need a cryptocurrency wallet. There are many wallets out there to choose from, in both software and hardware forms. You could choose a free to use software wallet, to begin with, and then invest in a more secure hardware wallet if you plan to hold amounts of crypto for the medium to long term. Hardware wallets typically cost anywhere from £50 to £150, so it is worth doing your homework and finding the right wallet for your needs.

 

Sign Up With A Brokerage

You will need an account with a brokerage service to begin trading. It would be best if you looked for brokerages that offer good security, an easy-to-use interface and plenty of cryptocurrencies to choose from.

You will need to provide some identification to open an account with a reputable brokerage, and it may take a few days to get your account verified. Therefore, it is vital to do your research and ensure that the brokerage you choose is legit before providing any personal information.

 

Get Help From Experts

Once you have your account up and running don’t rush to buy your first Bitcoin. As a beginner to the world of crypto trading, there are plenty of potential pitfalls, and talking to experts can go a long way to reducing the risks.

Check out Traders Of Crypto, a cryptocurrency community that provides expert, collective knowledge to those starting out with crypto trading. There you can find plenty of free guides to help you on your trading journey.

 

Choose Your Crypto

The next step is to decide on the crypto you want to trade in. There are thousands out there to choose from, with the most well-known being Bitcoin. The more popular the crypto, the more likely it is to remain stable, so it may help to start with Bitcoin for your first transactions.

Once you have some experience, you could branch out to smaller altcoins, though it is often wisest to keep most of your trades to the bigger coins.

 

Make Sure You Have The Capital

You will need sufficient capital to buy and trade cryptocurrency. You can add this to your brokerage account, typically by bank transfer or debit card payment. It is crucial to keep in mind that the value of crypto frequently changes, so ensure that you are spending only what you can afford.

 

Start Trading

You can start by either trading cash for crypto or crypto for crypto. However, keep in mind that there may be brokerage costs for each trade, so you should choose your trades wisely.

 

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SKILLING AND METROPOLITAN X PARTNER TO OFFER ADVANCED TRADING EDUCATION PROGRAM

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Skilling, a Scandinavian fintech providing online trading on a wide range of world markets, has announced a strategic partnership with the trading education and empowerment institution, Metropolitan X Group, which is set to establish and propel valuable trading education for its clients.

 

Metropolitan X Group, whose universal mission is to provide financial research and trading education to traders of all levels, has developed a training program that delivers a well-rounded curriculum through innovative theoretical-practical learning webinars. The program offers live trading sessions providing real-time analysis and commentary on market events. Together with live social market updates and insights, the Metropolitan X Group equips its student-traders with the tools and skills they need to analyse, evaluate and trade the markets effectively and with greater success.

 

This is Skilling’s first education-focused partnership and it marks a significant step forward in Skilling’s plan for trader education and its investment in upskilling traders. The education program is expected to open aspiring traders up to new possibilities through personalized learning and create in them a deeper understanding of the markets.

 

“Client education is a priority for Skilling. We want to empower our traders with market knowledge and trading education so that they can navigate any market environment more successfully. We are very excited to be providing top education through Metropolitan X Group’s trading and advanced learning programs and are excited to see traders utilise these newfound skills on their trading platforms,” said Michael Kamerman, CEO of Skilling.

 

By partnering with Metropolitan X, Skilling can deliver top-tier education from experienced trading professionals that will help clients improve their investing knowledge, and develop deeper market insights to be fully apt and equipped to identify better trading opportunities in the markets.

 

“We are excited to partner up with a broker that believes education is the key to success in this demanding market. Together we shall provide traders with the necessary tools and knowledge to tackle the ups and downs of trading. Traders taking advantage of our shared services with Skilling will receive exciting exclusive market insight like no other,” says Sebastián Hernandez, Director of MetropolitanX.

 

The power of this evolving partnership demonstrates Skilling’s firm positioning on trader education leadership and will drive success through strong growth in more educated and skilled new customers taking on the markets.

 

“There are undoubtedly both inherent opportunities and risks in trading and investment. Investor enthusiasm has shown it has the ability to storm the markets through organized online trading communities and unprecedented access to hundreds of instruments. This underpins both the scale and power of today’s individual traders, making it vitally important that individuals have the necessary education and also the right tools at their disposal to make smarter trading decisions,” said Michael Kamerman, CEO of Skilling.

 

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