Alternative mortgages with cooperatives
05/09/2011 - 17:32 - Category: mortgages and loans - (pText)
In addition to hundreds of banks, building societies and insurance companies with their credit-based funding model, some cooperatives to an alternative construction financing.
In the cooperatives play the creditworthiness of minor importance, so that self-employed and interested parties with lower incomes or with "Schufa damages" covered by the examination of their funding request often through the cracks of the banks, a predictable path offered to the family home.
The focus of the cooperatives is much more on the property, on their economic value and usefulness. Thus the interests of all comrades and the economic success of the cooperative are guaranteed.
Among the offerings of the cooperatives are a special form of the lease, the so-called option to purchase. Here, the cooperative acquires the desired property of their comrades. The mate takes one for 25 years and pays a fixed, unchanging rent. That gives him a high planning security and over the years a substantial financial advantage (no rent increases). With a simplified liquidity test will ensure that the comrade, the ongoing monthly costs also can actually afford in the long term.
The call option is of course registered with the Land Registry so that the mate completely protected by law. Only he can therefore have during the 25-year option period on his property.
The purchase price is not in the cooperatives financed by a loan, but saves the comrade with its own separate investment, the purchase price. This opened him a high degree of flexibility in repayment. For example, the repayment in times of low revenue temporarily reduced or even suspended, without having to make lengthy consultations with the Bank or the long term without risking serious
Tuesday, September 6, 2011
Saturday, December 4, 2010
insurance: The unjustified cries of the insurer
insurance: The unjustified cries of the insurer
The European Court will decide whether insurers must calculate their rates for men and women differently. Women pay more in pension insurance, because they live longer statistically. While men rely more car accidents and cough up more for their car insurance. But insurers are different not only long after the race.
Enlarge logos of leading insurers: The European Court of Justice in 2011 to judge whether different discriminatory insurance rates by gender. Insurers defend themselves against common tariffs for men and women dpa / dpaweb What a hue and cry: The European Court of Justice (ECJ) has not decided anything, but the insurer beat precaution ever crash. Measure would, in the worst case, all tariffs will be recalculated. And could cost the first estimate for 30 billion euros, warned the German actuaries. The costs would lead to dramatic financial difficulties in the German life insurers, announced Michael Steinmetz, CEO of the German Actuarial Association.
But this problem does not interest the ECJ. He is concerned essentially with the question: Is it okay if the sex of the insured as a risk factor in the calculation of tariffs play a role? And so sometimes the men, sometimes discriminated against women?
Discriminated against is presently the insurers - and black paint. Munich-Re-chief Nikolaus von Bomhard warned that in case of emergency all the "better off" turned their backs the underwriters and "another system" were looking for. "That's why it's an art to organize the insurance community," he said, referring to the private insurers. Alliance-Germany boss Markus Riess even sees the business model of the German insurance industry at risk. It is crucial that "we are able to risks detailed understanding and making the right prices. " The required level for risk analysis. And that includes not just the sex.
The European Court will decide whether insurers must calculate their rates for men and women differently. Women pay more in pension insurance, because they live longer statistically. While men rely more car accidents and cough up more for their car insurance. But insurers are different not only long after the race.
Enlarge logos of leading insurers: The European Court of Justice in 2011 to judge whether different discriminatory insurance rates by gender. Insurers defend themselves against common tariffs for men and women dpa / dpaweb What a hue and cry: The European Court of Justice (ECJ) has not decided anything, but the insurer beat precaution ever crash. Measure would, in the worst case, all tariffs will be recalculated. And could cost the first estimate for 30 billion euros, warned the German actuaries. The costs would lead to dramatic financial difficulties in the German life insurers, announced Michael Steinmetz, CEO of the German Actuarial Association.
But this problem does not interest the ECJ. He is concerned essentially with the question: Is it okay if the sex of the insured as a risk factor in the calculation of tariffs play a role? And so sometimes the men, sometimes discriminated against women?
Discriminated against is presently the insurers - and black paint. Munich-Re-chief Nikolaus von Bomhard warned that in case of emergency all the "better off" turned their backs the underwriters and "another system" were looking for. "That's why it's an art to organize the insurance community," he said, referring to the private insurers. Alliance-Germany boss Markus Riess even sees the business model of the German insurance industry at risk. It is crucial that "we are able to risks detailed understanding and making the right prices. " The required level for risk analysis. And that includes not just the sex.
Private insurance - expensive luxury
There are many reasons to opt for private health insurance: private patients must often wait at the doctor less long, they get slightly more expensive drugs, or the extra-examination with costly equipment. One is no reason for the favorable reviews, will attract young customers with whom the insurer. Because the private insurance begins with low premiums while, but over time they get further and further. At the age private patients pay far more for their health insurance than most retirees for their legal fund, which collects the contributions known as a function of income.
Auto insurance also change after November
A look at the calendar could be the one or another scare: Was not there something that can be done only in November? But not everyone has it already be too late now to cancel auto insurance - even if the date 30 November is passed: Many drivers are entitled to a break option.
One reason for extraordinary termination is when the insurer raised the same performance contributions - regardless of whether the risk rating of the vehicle or the regional class has changed. Even when buying a new vehicle, the insured may cancel - they shall not be obliged to transfer the contract of the old to the new car. More specifically, the situation is stored in case of damage: Then we have a mutual break option, both for the vehicle owner and the insurance company. Regardless of the reason is true: customers always have the assurance of receiving the letter to get some insurance tips for free.
Insurance: Additional services may be offered only under certain conditions
Insurance: Additional services may be offered only + + trip: to offer flight rebooking is no cancellation + + Cruise: Seven hours less Singapore: No money back
Insurance - Additional services may only sometimes be offered
air travel portals can only offer insurance quotes to more active in posting. However, it is not permissible if they make one for the flight is not necessarily required power not form part of a package and then offer guests the opportunity to take the post again from the bill. In the proceedings before the District Court of Leipzig case, a passenger was informed during the booking process, to have a suitable travel insurance had already been selected for him. If he would do without him, he must select an appropriate field (case number 5 O 2485/09). dpa
If one party offers to its guests for a delay a transfer, it not automatically cancel the originally scheduled flight. Also, the words "Cancelled" on the scoreboard just is not enough. In both cases, travelers are not entitled to compensation payments. In the proceedings before the Berlin Regional Court case, a pilot the passengers for fifteen minutes after the originally planned starting time had been ordered to leave the machine for the time of repair. A passenger claimed that it had been made mandatory to transfer, from which he derived an annulment and sued for damages. At trial, but confirmed neither the pilot nor the other passengers that the passengers were asked to transfer authentic. Thus, a substantial indication lacking that the airline had given up the intention to carry out the flight. The "Cancelled" indicator is not relevant anyway, because the information did not originate from the airport operator and the airline (Az: 57 S 44/07). dpa
Cruise vacationers can recover any money from the organizer if the stay is shortened their ship in each port a few hours. This was decided by the District Court of Offenbach (Az: 340 C 29/08), the German Society for reported travel law. In this specific case, the wait time of a cruise ship in Singapore from 21 to 14 hours as well as in Hong Kong had been reduced from 16 to twelve hours. One couple complained about it. It looked through the shortening of the stay in Asia, in severely restricted. The shipping company responded that the changes that had been prescribed by the port authorities mandatory. The court gave the right provider. The reductions were "mere inconvenience this may have to accept compensation. Still only 14 and only twelve hours would have been available.
Satisfied motorists switch car insurance rarely for reasons of price
Motorists who are satisfied with their car insurance would also change the majority of their insurer, even when they could thus save on fees. The study, "Automotive Compass Exchange 2010 DEVK shows to see 62 percent of the insured satisfied no reason for the termination of their car insurance, even if another provider offers lower rates on a cheap insurance quote provided to them. This would these "non-changer" in itself does not interfere with the expenses of termination and insurance change.
Overall, 97 percent of drivers, their car insurance do not cancel at the end of the year, that they are satisfied with their current insurer and in good hands. Another 64 percent said to feel a huge satisfaction with their car insurance. It expressed itself in the study particularly positive about the car owners their insurer if they previously had a claim and expiration of the settlement of the claim to full satisfaction. sch
Friday, August 13, 2010
private accident insurance
The private accident insurance pays the insured person suffering from an accident a permanent physical damage. A permanent impairment is accepted when the consequences of accidents expected to stay for longer than three years remain. The accident was primarily designed to secure the capital, which consists of an accident
* Compensation of accidental loss of pay, especially if no disability insurance can be completed,
* Conversion of car or home,
* Additional agents or therapies, health insurance or pension insurance carrier does not assume,
* Help in the home or in childcare.
Who can shoulder these costs themselves, does not require insurance. Accident insurance provides physical damage according to a percentage of the agreed sum disability. The percentage is determined by a Gliedertaxe. Then the after accidental loss or accidental use of such inability
* One thumb, 20 percent of total disability
* A hand 55 percent of the total disability
* 70 percent of a leg disability sum
* One eye paid 50 percent of the total disability.
In this respect the private accident insurance of workers' compensation, which takes no Gliedertaxe the measure, but focuses on the reduction of earning capacity, taking into account particularly the loss of function. In turn, invalidity insurance, the impairment of the profession is governed. If medical history or disabilities have contributed to the disability, this is taken into account and deducted accordingly. On the amount of the deduction or the degree of causation can often argue admirably.
You can also take out insurance quotes, which provides for payment of accidental death. If life cover is required, but should a life insurance policy to be completed. Nevertheless, the insurance of a small sum in the event of accidental death in the accident insurance is recommended. In a clear accident disability, such as amputation, is made in the year after the accident, an advance only in the amount of death benefit. This is because a death resulted from the accident within one year after the accident, only the death benefit is paid.
The premium of the insurance depends on the classification into risk groups. The risk group A comprises professionals without physical activity. Women are generally classified in this risk group. The risk group B comprises professionals with physical and dangerous activity and is therefore more expensive.
The condition of contract and works of the accident are increasingly expanded and divergent range of benefits offered. This should be no one's eyes to the point of view is adjustable, which will determine whether and to what level of insurance benefits from the accident. These are priority.
A. Main issues
1st Insurance coverage should be available even when
a) invalidity by proper motion and increased effort,
b) loss of consciousness (eg by drugs, epilepsy, fainting, alcohol),
c) Disability as a result of infection (eg ticks, tetanus, malaria).
d) It is important for people with pre-damage is done in what amount and kind of reduction in performance, if they have contributed to the incapacity. Is a common trigger, unless the disability to 25 percent or more back to the pre-damage. Better deals offer only deduction from 40 percent.
2nd Adequate disability basic amount
This is more important than a high progression of 500 or even 1,000 percent. For even at a lower degree of disability, the one in daily life can already seriously limit, then a sufficient amount is paid. This is calculated based on the principal sum and not at the total disability. A common rule of thumb for determining the disability determines the sum total disability working people by age and income:
30 years = six times,
40 years = five times,
50 years = four times the gross annual income.
Regarding the amount of the sum insured, please note the examples in child accident insurance.
3rd Progression
Through the agreement, a "progressive" the insurance benefits to rise progressively with higher levels of disability. In the normal progression is effective from 25 percent or 50 percent disability. We recommend a progression from 225 percent total disability. Who has represented for example, 100,000 € invalidity principal sum and is totally disabled by an accident, would receive 225,000 euros.
4th No annuity
From the agreement of the annuity is not recommended. The pensions from insurance contracts raise the price of the contract immense. Moreover, accident benefits are often too low. The annuity is paid usually only from very high levels of disability of 50 percent. Better and better protection provides a sufficient sum disability. This can be used flexibly and also how a pension can be used for monthly payments. This is paid only the interest or capital consumption possible. Examples see children accident. Only when these main aspects of the accident are true, you should concern itself with other details that make the insurance protection more attractive. Here too there is a preference.
* Compensation of accidental loss of pay, especially if no disability insurance can be completed,
* Conversion of car or home,
* Additional agents or therapies, health insurance or pension insurance carrier does not assume,
* Help in the home or in childcare.
Who can shoulder these costs themselves, does not require insurance. Accident insurance provides physical damage according to a percentage of the agreed sum disability. The percentage is determined by a Gliedertaxe. Then the after accidental loss or accidental use of such inability
* One thumb, 20 percent of total disability
* A hand 55 percent of the total disability
* 70 percent of a leg disability sum
* One eye paid 50 percent of the total disability.
In this respect the private accident insurance of workers' compensation, which takes no Gliedertaxe the measure, but focuses on the reduction of earning capacity, taking into account particularly the loss of function. In turn, invalidity insurance, the impairment of the profession is governed. If medical history or disabilities have contributed to the disability, this is taken into account and deducted accordingly. On the amount of the deduction or the degree of causation can often argue admirably.
You can also take out insurance quotes, which provides for payment of accidental death. If life cover is required, but should a life insurance policy to be completed. Nevertheless, the insurance of a small sum in the event of accidental death in the accident insurance is recommended. In a clear accident disability, such as amputation, is made in the year after the accident, an advance only in the amount of death benefit. This is because a death resulted from the accident within one year after the accident, only the death benefit is paid.
The premium of the insurance depends on the classification into risk groups. The risk group A comprises professionals without physical activity. Women are generally classified in this risk group. The risk group B comprises professionals with physical and dangerous activity and is therefore more expensive.
The condition of contract and works of the accident are increasingly expanded and divergent range of benefits offered. This should be no one's eyes to the point of view is adjustable, which will determine whether and to what level of insurance benefits from the accident. These are priority.
A. Main issues
1st Insurance coverage should be available even when
a) invalidity by proper motion and increased effort,
b) loss of consciousness (eg by drugs, epilepsy, fainting, alcohol),
c) Disability as a result of infection (eg ticks, tetanus, malaria).
d) It is important for people with pre-damage is done in what amount and kind of reduction in performance, if they have contributed to the incapacity. Is a common trigger, unless the disability to 25 percent or more back to the pre-damage. Better deals offer only deduction from 40 percent.
2nd Adequate disability basic amount
This is more important than a high progression of 500 or even 1,000 percent. For even at a lower degree of disability, the one in daily life can already seriously limit, then a sufficient amount is paid. This is calculated based on the principal sum and not at the total disability. A common rule of thumb for determining the disability determines the sum total disability working people by age and income:
30 years = six times,
40 years = five times,
50 years = four times the gross annual income.
Regarding the amount of the sum insured, please note the examples in child accident insurance.
3rd Progression
Through the agreement, a "progressive" the insurance benefits to rise progressively with higher levels of disability. In the normal progression is effective from 25 percent or 50 percent disability. We recommend a progression from 225 percent total disability. Who has represented for example, 100,000 € invalidity principal sum and is totally disabled by an accident, would receive 225,000 euros.
4th No annuity
From the agreement of the annuity is not recommended. The pensions from insurance contracts raise the price of the contract immense. Moreover, accident benefits are often too low. The annuity is paid usually only from very high levels of disability of 50 percent. Better and better protection provides a sufficient sum disability. This can be used flexibly and also how a pension can be used for monthly payments. This is paid only the interest or capital consumption possible. Examples see children accident. Only when these main aspects of the accident are true, you should concern itself with other details that make the insurance protection more attractive. Here too there is a preference.
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