Homeowners, Renting, and Insurance Considerations

Making a little extra money is easy when you own a home, have spare rooms, and are willing to work with an online service such as Airbnb. Homeowners can rent out a room for whatever dollar amount they wish. $50 a night can turn into a solid sum when one or more rooms is consistently rented out during the week.

Do not assume that this type of deal comes with no considerations. On the Wealth Solutions blog, a warning is given to those who think they can ignore the insurance issues associated with renting out a room.

Wealth Solutions is run by Richard Blair, and he knows quite a bit about wealth management and protecting one’s assets. Blair founded Wealth Solutions to help people in need of financial advice. The basic advice offered on this blog entry definitely could help people avoid getting into serious trouble renting out a room.

Homeowners insurance can cover a wide range of different areas of liability. Does a policy cover commercial activity though? Anyone who chooses to rent out a room positively must be sure that any disaster scenarios caused by or involving a tenant are covered under the policy. If not, then a claim may be denied and a homeowner could be is serious, massive financial jeopardy. Imagine if the renter is hurt or hurts someone leading to $100,000 in liability costs. With no insurance, a homeowner could end up losing the home.

Taking steps to make sure the right insurance policy in place is strongly suggested to anyone with designs on using the property as a short-term rental. A quick call to the insurance provider could set the process of adjusting the policy in motion. The increase in the amount of the policy might not even end up being all that much. In the end, the proper amount of coverage ends up being procured and the financial security of the home is preserved.

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Igor Cornelsen on Brazilian Banks and Investing in Brazil

Igor Cornelsen is one of the most experienced banker and investment expert in Brazil and has shared his views on why some the Brazilian banks have continued to register solid profit increase despite the troubled economies, not only in Brazil but around the world. It is typical for banks to suffer when the nation’s economies are in trouble. In Brazil, top two private banks have continued to register solid profit increases. At the end of 2014 on ireport.cnn.com, Itau Unibanco (ITUB) saw its profits increase by 36 percent from the previous year while Banco Bradesco (BBD) saw its profit increase by 28 percent.

In a recent interview, Igor Cornelsen was asked how the Brazilian banks managed to survive through the harsh economic conditions. His response was simple. According to Igor Cornelsen, the banks that managed to get through this tough times have the knowledge of the market and have had an experience over the turbulent years.

Igor Cornelsen went ahead to explain that the top banks are from the private sector and only lend to borrowers who are the worthiest creditors. This has protected them from the unpredictable economic times.

It is undeniable that the Brazilian economy on igorcornelsen.brandyourself.com has an uncertain climate that the government also needs to address. Despite this, investors should consider the Brazilian market because of the abundant resources, need for infrastructure development and the significant and growing population. This makes it one of the most attractive places to invest in the continent.

According to Igor Cornelsen, before making any investment, there are some basic things that one should look at first. And for the Brazilian case, here are some things to consider and may be very helpful for those who are busy.

1. Top banks have ten most players

Apart from being the largest economy in South America and the eighth largest economy worldwide, they have ten major commercial banks and investment banks that are either commercially or private owned. Some of the notable ones include Banco Itau, Banco Bradesco, Caixa Economica Federal, HSBC, Banco J Safra, Banrisul, Santander, BTG Pactual and Banco do Brasil.

2. A fresh face

The appointment of Joaquim Levy as the new finance minister will turn things around by returning to orthodox policies and not ideological ones as dreamed by Guido Mantega.

3. The largest trading partner

China is Brazil’s largest trading partner, and if the Chinese economy is doing well, then Brazil will benefit.

4. Real value of real

The Brazilian currency has been exaggerated for many years, and this has made industrialized goods lose the competitive edge.