October 1st, 2009 by DieWolf

October 1st, 2009 by DieWolf

September 18th, 2009 by DieWolf

What is E & O insurance, and how does it help a Notary Public? E & O insurance, or Errors and Omissions insurance, covers a Notary in the event of unintentional mistakes that cause injury to a third party – think of it as “malpractice” insurance for Notaries. Some of you might already know what E & O insurance is, and think that it does not apply to Notaries because they are bonded – a common misconception. A Notary bond protects the public and is something that must be repaid by the Notary, in the case of a claim. E & O insurance protects the Notary, and in the instance of a claim, the Notary is not expected to reimburse the insurance company.

What types of mistakes are covered by Errors and Omissions insurance? Inadvertent errors, such as failure to affix your Notarial seal, or to properly identify the signer(s), could subject you to be held liable for any losses. Intentional errors and poor judgment, of course, are not covered. If a claim is made against you, even if it has no validity, you would have the burden of paying court costs etc. in defending yourself, if you did not have E & O coverage. With an E&O policy, you would have no repayment and no minimum or maximum deductible would be required. Also, the attorney fees and court costs are covered, up to your policy limit.

Following are a few examples of the common types of Notary mistakes:

The Notary Stamp is smeared or smudged.

The Notary Stamp covers text or signatures.

The Notary Acknowledgement is worded incorrectly.

Notary stamp missing (yes, it happens).

The Notary’s commission number missing.

Many Notaries also perform loan signing services. In these cases, there is even more room for error such as:

Incorrect Notice of Right to Cancel dates.

Documents are missing signer’s initials.

Mistakes on the document(s) are corrected using white-out.

Notary did not correctly following closing instructions.

Loan Documents not returned in a timely manner.

Notary acknowledgement not completed, or completed improperly.

Notaries accepting personal checks over $500 (or over the amount allowed by State law).

Checks made out to the wrong company.

Though it may not be required by law, Errors and Omissions Insurance protects you against mistakes that can happen with any notarization. It only takes one mistake to potentially lose all of your hard earned money, and possibly even your business! Errors and Omissions insurance rates vary according to the State in which you are a practicing Notary, and the amount of coverage you decide to choose. In some States minimal coverage starts out at less than $10.00 per year with maximum coverage at $200.00 per year. Rates do vary greatly from State to State, however the costs are truly minimal considering the consequences should a claim arise. Considering the cost of E & O coverage, it is just foolish not protect yourself.

September 17th, 2009 by DieWolf

A car crash is a serious situation that involves a lot of people, beginning with the car owners who have been involved in the accident, the police, the judicial system, and the insurance firms that cover car crash victims.

Like all cases where insurance is required, car crash insurance involves much analysis and many negotiations that involve many complex matters and therefore require the expertise of a personal injury lawyer.

In case of a car crash, most insurance companies do their best to reduce the amount that is payable to the victim, pinning the blame on negligent driving or some other fault of the driver. It is therefore very important for any car crash victim to approach a car crash insurance firm to get proper compensation.

Often car crash victims try to be smart by taking cases into their own hands by studying the law and intrinsically trusting the insurance company. However, what one needs to remember in such a case is that knowing about something is different than applying it. Application of the knowledge and using it skillfully is the domain of attorneys. Also, one needs to remember that the insurance company is interested in safeguarding its own interest and, as a result, may mislead the car crash victim into accepting a claim lower than what they are eligible for.

One needs also to remember that statistics have proved that cases represented by experienced and skilled car crash attorneys have fetched the victims a very high compensation. Sometimes, the compensation has been two or even three times more than in the case of those fought by the victims themselves.

It is very important for victims of car crash to obtain professional help from attorneys when car crash insurance is involved. A good attorney may be one’s best bet for getting the claim that one deserves from the insurance firm, even if the attorney appears to charge high rates.

August 9th, 2009 by DieWolf

None of us know what lies around the corner and if we have commitments to payout each month it makes sense to do everything we can to ensure that we would be financially secure. One way of protecting any loan or credit card repayments you have to make is to take out loan payment insurance. A policy can be taken with a standalone provider to give you a sum of money each month so you are able to maintain your outgoings.

Loan insurance has earned a bad name in the past since it was revealed that many policies have been mis-sold and consumers were unable to claim on them when needed. It has also been called over priced with high street lenders raking in £4 billion in profits from selling cover in with the borrowing. While it is true that policies have been mis-sold it is the high street lenders that have mainly been associated with mis-selling. Providing you have read the terms and conditions of the cover you will know if it is suitable before taking out a policy.

Standalone specialist providers will ensure that you have all the information needed to be able to determine suitability. While it can be tempting to skip the small print if you want to be sure that a policy is right you do have to take the time to read it. Providing you do, you will have a safety net on which to fall and rely on.

Loan payment protection insurance would provide you with an income based on up to a certain amount of your loan or credit card repayments each month. The premium will reflect this and your age at the time of taking out the policy. You would then pay this premium each month and if you were to become unemployed through reasons not of your own you would be able to claim on the cover. The policy would also protect you against the possibility of you being unable to work after becoming ill or after suffering an accident.

You have to check and compare the key facts of any loan insurance protection you are considering taking out as this is where you will be able find the exclusions and also when the policy would begin and when it would end. Providers will offer loan payment insurance that can provide you with an income for 12 months or with some it could be 24 months. You would have to wait a certain length of time before putting in your claim and again this depends on the provider. Some will ask that you are unemployed or incapacitated for 30 days continually while others might ask that you stand for up to 90 days.

Loan payment insurance is valuable and is a small price to pay for the security that a policy provides. You would be able to concentrate on making a full recovery without adding additional stress into the factor. If you are unemployed then you can search for work that is suitable without feeling pressure of having to take the first job that comes along.