Educational Consumer Tips.

The significant investment protection

Buying a house, one of the only biggest investments a consumer can do is a complex, full of important details of the financial transactions that should be carefully considered, and clearly understood before signing the contract.

One of those details often overlooked by home buyers is purchasing a title insurance policy. While most mortgage lenders require buyers to purchase a title policy at closing, few buyers understand what they really are, or what they are buying need. In addition, many buyers mistakenly believe that their investment is protected by title insurance required by their lender. Actually, you need a separate policy to provide complete protection for the new owner.

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Glossary of Insurance and Risk Management Terms

The Glossary of Insurance & Risk Management Terms was first published by IRMI in 1978 to help Those inside and outside the insurance industry to comunicate effectively. It has been Continually updated and expanded from the original publication and , With over 3,200 definitions and terms of insurance risk , is Probably the most complete and current property and casualty glossary or dictionary.Use the index defines risk management and insurance terms , the extension table of contents on the left , or the search engine to find insurance IRMI.com definition of risk management or you need.Make sure to check the insurance abbreviations abbreviations defined nearly 1,000 insurance.Use of this glossary IRMI.com confirms its acceptance of the conditions of use .

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Mental health insurance under the federal parity law.

Most people in the U.S. have health insurance coverage , typically provided by your employer . Historically , many health insurance plans provided less coverage for mental health services compared to physical health services ( medical / surgical ) . For example , a health plan may cover only 50 percent of the costs associated with seeing a psychologist , but 80 percent of the costs associated with seeing a primary care physician .

To help end discriminatory insurance coverage of using mental health services and Congress passed the Wellstone - Domenici Mental Health Parity and Addiction Equity Act ( MHPAEA ) in 2008 . This question - and answer guide explains how federal law affects This historical coverage of substance abuse services and mental health.

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