Eye Protection Factor (EPF) rates sunglasses’ ability to protect eyes from radiation, based on frame coverage, UV, blue light, and infrared protection. EPF is to sunglasses what SPF is to sunscreen. The FUBI EPF website lists tested sunglasses and scores. The rating provides more information to consumers than the ANSI Z80.3-2001 standard. Eye Protection Factor […]
When renting a property, tenants should read the rental agreement carefully, request an inventory, do their own inventory with photos or video, clean the property before leaving, and contact small claims court if the landlord wrongfully withholds the deposit. When renting a house or apartment, the importance of deposit protection should not be underestimated. Following […]
Balance protection, or overdraft protection, is offered by banks to prevent bounced checks or insufficient funds. Credit card companies offer insurance for a monthly fee to cover minimum payments if the cardholder loses their job or can’t make payments. Both types should only be used in emergencies and not encourage irresponsible behavior. Balance protection, also […]
Audit protection services help individuals and companies who are being audited, with the most common type being tax audits by the IRS. Services can help reduce the chances of being audited or provide administrative support during an audit. Audit protection insurance is also available, but its value depends on the likelihood of being audited. Audit […]
A protective tariff is a tax on imported goods to protect domestic merchandise. It is controversial, with some arguing it is unethical and a threat to free trade, while others say it keeps money within the national economy and prevents unfair competition for domestic companies. A protective tariff is a financial decision by a government […]
Asset protection strategies involve protecting money and property from creditors, taxes, and lawsuits. Strategies include retirement plans, trusts, and corporate entities. Attorneys use a combination of methods to help clients protect income, and strategies vary by jurisdiction. Retirement plans and irrevocable trusts can protect assets from lawsuits, while corporate entities like LLCs protect personal assets […]
Home equity protection is a plan that offsets any loss in a home’s value by paying the homeowner a percentage of the original purchase price if home prices in the area have declined. The homeowner pays a small percentage of the purchase price to the company offering the service. If home prices stay the same […]
Bankruptcy protection can cancel most debts and sell assets or create a payment plan. Individuals can file for Chapter Seven or Chapter 13, while businesses can file for Chapter Seven or Chapter 11. It is recommended to hire a bankruptcy attorney due to the complexity of bankruptcy laws. When a person or business is unable […]
The Securities Investor Protection Corporation (SIPC) protects brokerage firm clients against insolvency and unauthorized transactions, with coverage up to $500,000. If a firm goes bankrupt, the SIPC works to return clients’ assets, which can take one to three months. The SIPC does not insure the value of stocks and has exceptions for certain investments. To […]
Creditor protection helps settle debt when a creditor is unable to handle it due to unforeseen circumstances. Loan creditor protection settles outstanding balances when specific events occur, and similar types protect business owners and professionals. Some forms even allow building cash value over time. Creditor protection is often interpreted as a type of protection that […]
Mortgage protection insurance comes in different types, including private mortgage insurance for lenders, and mortgage protection plans for homeowners in case of death, disability, or job loss. Homeowners should choose the right plan based on their needs and compare rates from multiple sources. Mortgage protection insurance comes in a variety of formats. Each is designed […]
Rate cap protects borrowers from interest rate increases between loan application and approval. It’s commonly used in mortgages and allows for floatdowns if rates drop. Its availability varies by jurisdiction, so borrowers should check if their rates are protected and use it to their advantage. Rate cap is a type of provision found in most […]
Asset protection specialists work with individuals and businesses to prevent loss and facilitate claims. They may have experience in insurance, security consulting, and financial planning. They help clients select insurance policies, create asset inventories, and recommend security systems. They also offer financial planning and assistance. Different professionals may offer asset protection services, and training programs […]
In the UK, a deposit protection scheme is required by law for most rentals starting after April 6, 2007. Landlords must transfer the deposit to a third party or insurer to ensure fair resolution of any refund disputes. Exceptions exist, but non-compliance can result in loss of eviction rights and a fine. In the United […]
Credit card payment protection offers insurance coverage for extreme life situations such as job loss, illness, injury, and death. Plans vary depending on the circumstances and the credit card company, covering disability, involuntary unemployment, death, and property. However, the amount of monthly payments paid for credit card protection insurance varies from plan to plan, and […]
To protect yourself from unscrupulous landlords, read the rental agreement carefully, ask for an inventory, take inventory and record the property’s condition with photos or video, clean up before leaving, and contact small claims court if the landlord wrongfully withholds the deposit. When renting a house or apartment, the importance of deposit protection should not […]
Balance protection, or overdraft protection, is offered by banks to prevent bounced checks or withdrawals leading to insufficient funds. Credit card companies offer insurance for a monthly fee to cover minimum payments if the cardholder cannot pay. Both types should only be used in emergencies and not to encourage irresponsible behavior. Balance protection, also known […]
