Buying a home is a major financial decision to many people who rely on the mortgage loans to realise their dream of owning a home. But finding a suitable mortgage deal is not an easy task with many lenders offering an array of deals for you to make a choice. If this is the first time you are buying a home there is no doubt that you need to spend a lot of time and effort in choosing the best mortgage deal that suits to your financial and personal interests.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedgeagainst the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraisingand controlling risk, has evolved as a discrete field of study and practice.