Kidnap and ransom insurance

kidnap insuranceOne of the more special insurances are kidnap and ransom insurance, also called K&R insurance. Have you ever thought about how ransoms of up to millions of dollars are paid? Read on about this rather unknown insurance.

Kidnap and ransom insurance is a type of travel insurance that serves as a protection for corporations against unexpected financial losses resulting from kidnapping, extortion and ransom demands of their employees. Although this policy is also offered to high profile individuals, tourists and their family members, most companies who are operating on kidnap prone areas purchase this type of insurance for their employees who represent their behalf. Kidnap and ransom insurance is not a popular policy in the previous years but recently, there were a lot of kidnapping incidents around the world thus, kidnap and ransom insurance is made available.

What is the purpose of kidnap and ransom insurance?

A kidnap and ransom insurance is a highly specialized travel insurance that focuses on providing assistance and funds to insured victims, in order to navigate the problem and meet the kidnapper’s demand. Individuals who have this kind of policy should not let anyone know, including their family members who are covered as well. Kidnappers are keen to individuals with such policies as they can easily arrange a kidnapping incident in a short span of time. Therefore, it is advised to keep mum on having this kind of insurance to ensure safety and make the policy readily available in case kidnapping takes place.

Nevertheless, most kidnap and ransom insurance policies have other coverages for financial loss protection. This includes a commercial liability coverage which covers the worker’s compensation, political risks like embargo and confiscation, auto liability, as well as medical related expenses.

Who needs a kidnap and ransom insurance?

The kidnap and ransom insurance is not an affordable policy to start with. The amount of coverage that most insurance companies provide is huge, considering the varied demands of kidnapers and the needs of the victim after the incident. This is why, kidnap and ransom insurance should be obtained by employers who have employees travelling frequently from the different areas of the world, especially on places where kidnapping is common. Employees who are covered by a kidnap and ransom insurance often also participate in a HEAT course before being deployed and may have guards or other kind of protections.

High profile executives or even those regular employees who are assigned on high risk areas should be covered by the kidnap and ransom insurance. Foreign workers who are mostly at risk for theft, robbery and forgery of overseas corporate assets should have their own policy as well. Having a kidnap and ransom insurance policy is the best way for corporations to protect their companies from financial losses due to extortion and kidnapping.

How much does it cost to have a kidnap and ransom insurance?

The cost for a kidnap and ransom insurance varies on several factors like the number of employees, countries of destination and chosen benefits or coverage. Every company who sends a high profile employee abroad should consider this kind of insurance in order to protect their selves financially and ensure that their assets are preserved even if a kidnapping incident took place. It is also important to understand the insurance policy in the first place because some companies do not compensate or cover kidnap and ransom incidences unless proven true and reliable.

Selling your house without a Real Estate Agent

Selling a house not only needs market professionalism but other aspects like cleaning the home, good communication skill and dealing with the criticism and many sellers underestimate these little things that matters the most. Therefore, it is recommended that a seller should keep his home clean and dust free such that buyers gets attracted to it at their first sight.

Prepare the look of your home, both inside and out.

Other steps you should take include:

  • Take good photos of your property and write effective sales descriptions.
  • Buy sign boards saying ‘For Sale’ and install them including your contact information.
  • List your property in classified advertisements or with similar websites.
  • One can always list their house in a database which is put up by the brokers.

There is a very good article on Forbes about this.

Before paying anything to anyone, one should always research well about different facts relating to him, their qualifications, reviews by other customers and all. In addition to marketing your property, sellers often need to find and hire some people to help them out in completing the sales process. These professionals include real estate attorneys who review contracts and offer advices and appraisers and contractors who make any necessary home repairs.

Dealing with Criticism

The emotional feature of selling a home is often overlooked, but it is an important part of the selling process. Owners will seemingly hear a lot about their house’s shortcomings from the buyers trying to negotiate a lower sales price. Or even worse, they may not receive any interest in the home, notably if the price is too high. You’ll have a greater chance of being a successful seller if you won’t take negative feedback personally and deal with it optimistically. If you don’t live in your house and you don’t have an emotional attachment to it, it would be a lot easier to sell by yourself. You can have a more impartial view of the house’s value.

Screening Potential Buyers

One should always try to screen their own buyers in order to manage some sales. No-one wants to put their house off-market just to negotiate the price with an undeserving buyer. Before marking an agreement with the purchaser, verify the purchaser will have the capacity to think of the essential stores. It is harder to get a home loan nowadays on the grounds that the bar is much higher. Candidates need better credit, higher pay rates and a greater cash hold than they required only three years prior. Before tolerating an offer, request a current preapproval letter from a trustworthy moneylender. The preapproval letter ought to demonstrate that the purchaser addresses the loan specialist and has been preapproved at the buy cost of the home. Albeit, the vast majority of the property holders keep on offering property the same way their guardians did, that is, by posting it with a land operators, a sizable lump of managers are deciding to selling it all alone. The reason is self-evident: By removing the operators, home dealers can spare a great deal of dollars that would generally all end up as commission to an agent otherwise.

But yes, an unpracticed home merchant truly can manage today’s tough land market without the direction of an expert.

Saving by eliminating

If by any chance you opt for the removal of all the agents and post your own particulars for online promotion and put out a yard sign and sell your home all alone, you would basically remove around 6 percent of commission. On a $300,000 home, that is about $18,000 of investment funds.

International perspective

In a country like Denmark there is a larger and larger part of the real estate market that is done as “For Sale by Owner

How to avoid large debts

Home sale concept

Learn How to Avoid Falling Into Debt When Applying For Instant Personal Loans

It is difficult to find the best financial plan especially when you have an emergency. Nonetheless, you can get same day personal loans given how easy they are to get. On the other hand, they are not the best option when misused. They can make the situation worse in some cases. Research on practical information on how to use quick personal loans is effective as it will help you avoid getting into debt.

Understanding how quick personal loans work

Before you make any decision, you need to have an idea of how quick personal loans work to be on the safe side. A quick personal loan is short-term finance and the loan amount often ranges from $100 to $2000. The rates of interest are either charged monthly or weekly depending on your preference. These loans attract high interest as they are short-term and can last from a month to five months depending on the lender. Here are a few tips to help you get the best interest rate when applying for a quick personal loan.

  1. Know the Interest rates.

Different financial institutions offer varied interest rate as well as payment schemes. Policies usually vary from one company to the next. For instance, secured quick loans have relatively better rates as compared to quick unsecured personal loans. On the other hand, advance loans have higher rates. You need to broaden your options when it comes to quick personal loans. Compare interest rates of different lenders to make sound decision. Put simply, the loan repayment plan should be proportional to the interest rate. Be wary of lenders who offer lower rates at a shorter repayment plan.

  1. Lender’s reputation

Most aggressive banks and lending companies usually do their very best to win clients. You are their target and they want to make money by any means. They are amazing salesmen! Many financial institutions have compelling people who convince new clients while leaving out the grey areas. In some cases, some companies resort to threats and blackmailing by using threats. Never cave in to this kind of behavior. That is why research is fundamental to know whether the lender can honor the contract and has a good lending history. Steer clear from banks that offer to extend your payment plan at a double interest rate. Most of them only want to make money from you.

  1. Hidden fees

Before you complete the application process, always ensure you scrutinize the terms and know the contract in and out. Most financial transactions like quick personal loans usually have hidden fees in form of phone bills or credit card bills. Ask the lender as many question as possible if you are not sure about a particular fee. This will help you weed out undeclared and vague fees not highlighted in their policies or contracts. Additionally, avoid smooth talkers. Remember that salesmen can trick you to seal the deal. In fact, lenders are known as walking billboards as they always announce the upsides of a deal and not the downside. Banks, on the other hand are out to get your money if you are not careful. It is therefore important to research carefully and enquire if you have any doubts about a particular area before you sign the agreement.

  1. Repayment plan

To qualify for a quick personal loan, you should be employed and provide a check to prove the same. Your paycheck determines the amount you can get. The process often takes place virtually online and approval can take an hour. You can get the cash in your account in less than two hours and the repayment plan is between one to two months depending on the lender. It therefore pays to research prior to getting a quick personal loan so that you can know the interest rate as well as the repayment plan.

In some cases, quick personal loans are not the best option. For example, if your spending habits are high and most of the time you exceed your budget, availing quick personal loans will not improve your situation. It may worsen your situation. For starters, you should find an effective way to make extra money and cut down on your spending. This is the only surefire way to avoid debt.