Due to an increasing amount of New York subway delays, this poor grad student missed his official commencement ceremony. Because he missed such an important event, however, his fellow stranded New Yorkers hosted a makeshift graduation ceremony on the crowded subway car. Jerich Marco Alcantara and his family were taking
These pups may not have found their respective forever homes if it weren’t for the ingenuity of Erin Einbender. Erin is a photography student at the School of the Art Institute in Chicago, Illinois – and she is a self-proclaimed dog fanatic. CHECK OUT: Pit Bull on the Verge of Euthanization
Most people don’t necessarily enjoy mowing the lawn – but Rodney Smith Jr. has made it his calling. The Greensville, Alabama student is spending his summer cutting 50 lawns in 50 states in order to inspire others to do the same. All the lawns that Rodney mows are owned by
Sharing is caring – and judging by what this teacher is sharing, she cares a lot. Nancy Bleuer is a preschool teacher at Washington Charlie Brown Preschool and Childcare in Mason City, Iowa who will go to any and all lengths to ensure the wellbeing of her students. So when she
Beloved singer and songwriter John Legend has just helped to ensure that Seattle students won’t go hungry while at school. His quiet contribution of $5,000 towards a GoFundMe page raising money to pay off student lunch debt in the Seattle Public Schools district is being hailed as a grand gesture
WE are using this medium to inform all the Jamb Candidates that chose Landmark University as their choice in the 2017 UTME that the school has commenced the sales of Landmark University post UTME Admission Screening form for admission into undergraduate programmes in the 2017/2018 academic session. Please follow the guideline below to apply for […]
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The Nnamdi Azikiwe University postgraduate admission form for 2017/2018 academic session is now on sale. Doctorate and Masters’ Degree and Postgraduate Diploma Programmes are available in the areas listed below; UNIZIK Postgraduate Programme Application Form 2017 Please see the complete registration details in the attached .pdf document below; Please click on the twitter and Facebook […]
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David Greene talks with Bay Area sports reporter Marcus Thompson, who previews the NBA Finals. It's a historic third consecutive meeting of the Golden State Warriors and Cleveland Cavaliers.
A Nashville Predators fan threw a dead catfish on the ice during a hockey game. He was charged with possessing instruments of crime and disorderly conduct.
Jamb UTME Cut off Mark Checker – 2017/2018 Still Loading…. The Unified Tertiary Matriculation Examination, (UTME) 2017/18 Jamb Cut Off Marks for All Nigeria Institutions has NOT been released! The Joint Admissions and Matriculation Board says it has yet to release cut-off marks for placements into tertiary institutions for the 2017 academic year. Related: Jamb […]
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Happy 87th birthday to actor, director Clint Eastwood. Born in San Francisco, he went from starring in Hollywood’s Westerns and defining the word cool, to writing and directing some of the most acclaimed films of the 21st century –like, Unforgiven, Million Dollar Baby, and Gran Torino– all while in
Mack may only have three legs, but that doesn’t stop him from having fun. Mack was reportedly found wandering around Claremont, California with his leg partially amputated from a hunting trap. When rescuers determined that he had been orphaned, he was taken in for care and protection. His new enclosure with
It's hard to distill 37 years of Frank Deford's sports commentaries down to a few "best of" pieces. But before he retired, he shared some of his favorites with us, and, here, we share them with you.
Babies in the neonatal intensive care unit may not look like stereotypical comic book superheroes, but they do to this nurse. Stephanie Treherne of the Jewish General Hospital in Montreal is being hailed for going above and beyond the call of duty of her job by hand-stitching tiny superhero capes for the
Thanks to the wonders of technology, people have been offering up the most common gesture of gratitude to paramedics, police officers, and hospital workers who have been working around the block following the Manchester Arena bombing last week. A crowdfunding campaign started by Edmund Hall has raised over $16,500 to buy
This 98-year-old grandmother doesn’t just write birthday cards to family members – she also writes thousands of letters to military members who are deployed overseas. Aileen Cooper started writing to service members sometime after WWII. In the past six years alone, the senior has written almost 7,000 letters. CHECK OUT: Good
Crescent University, Abeokuta, CUAB school fees schedule for the 2017/2018 academic session has been released by the school management. Crescent University Abeokuta School Fees Schedule for 2017/2018 Session SN COURSE FRESHERS (UTME, DE, TRANSFER) RETURNING STUDENTS APPLICATION FORM ACCEPTANCE & MATRICULATION FEES 100 Level, DE, Transfer (SCHOOL FEES) 200-400 LEVELS (SCHOOL FEES) 500 LEVEL (SCHOOL […]
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Crescent University, Abeokuta, CUAB Post UTME/DE Admission Screening Exercise for the 2017/2018 Academic Session has been announced. See complete registration guidelines and eligibility below; The management of Crescent University, Abeokuta (CUAB) has announced the admission screening exercise for 2017/2018 academic session. UNDERGRADUATE PROGRAMMES. 1. College of Information and Communication Technology (CICOT) i. Department of Computer […]
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WE are using this medium to inform the members of the public and most especially all the candidates who chose Kwara State University (KWASU), Malete as their choice in the 2017 JAMB-UTME that the school management is inviting all UTME/DE candidates in the underlisted categories for the 2017/2018 Pre-Admission Screening Registration. Eligibility * Candidates whose […]
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The Hall of Fame sportswriter was public radio's scholar of sports for some 37 years before hanging up his cleats earlier this year. Deford died Sunday at the age of 78 at his home in Key West, Fla.
Tyson says trainer Cus D'Amato is the reason he had such a legendary career. "We had a lot of dreams, hopes. ... Being champ of the world, that's all that we ever thought about."
(Image credit: Ken Regan/Camera 5 /Courtesy of Blue Rider Press & Plume)
On this day 76 years ago, Manolis Glezos and Apostolos Santas climbed up the Athenian Acropolis, tore down the Nazi swastika, and replaced it with the Greek flag. The resistance fighters suffered torture and imprisonment for their stunt, but inspired not only Greeks, but all subjected people, to work
LATEST report reaching nigeriaschool.com.ng has it that the management of University of Ibadan, UI has shut down the Institution following the protest staged by the students on 29th May, 2017. The school has ordered that all the students to vacate the campus on or before 6:00pm today (29 May). The students of the institution earlier […]
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Update: Afe Babalola University, Ado-Ekiti. Ekiti State, (ABUAD) 2017/2018 Post-UTME Admission Screening form is now on sale. All the applicants who wish to study at Afe Babalola University, for the 2017 academic session (POST-UTME/DE) are hereby inform that the application forms are currently on sale and the full details on how to obtain the form […]
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Latest report reaching nigeriaschool.com.ng has it that Brig-Gen. Suleiman Kazaure, the Director General of the National Youth Service Corps, NYSC, said on Monday, 29th May, 2017 that the scheme would start posting of NYSC corps members to farms soon. Brig-Gen. Suleiman made this known to newsmen during his official visit to the NYSC Permanent Orientation […]
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THE Jamb 2017 Statistics has not been released! It is time for candidates who applied for admission into their school of choice and course to know how many other students are competing. The Jamb 2017 Registration has ended and the Joint Admission and Matriculation Board has officially released the Jamb Statistics for 2017. Update: Unfortunately, […]
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Jamb Statistics: Nos Of Candidates For Each Course In Various Tertiary InstitutionJamb has released the Statistics of Students who apply for each Courses in all the Institutions across the nation, this statistics will help you know your competitors and also know what to expect, the more candidates who apply for each course, the higher the […]
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Frank Deford, NPR's longtime sports commentator, has died at age 78. The Hall of Fame sportswriter was a mainstay on Morning Edition for some 37 years until his retirement earlier this year.
The all-time golf great was booked Monday morning in Jupiter, Fla., on suspicion of driving under the influence. He was released just a few hours later.
(Image credit: Palm Beach County Sheriff's Office)
The sportswriter was a mainstay on Morning Edition for 37 years, applying his keen wit and incisive eye to games of every stripe. Deford died Sunday, just weeks after hanging up his cleats with NPR.
The sportswriter was a mainstay Morning Edition for 37 years, applying his keen wit and incisive eye to games of every stripe. Deford died Sunday, just weeks after hanging up his cleats with NPR.
Renewable energy isn’t just good for the environment – it’s good for the worldwide workforce, too. A new report published earlier this week by the International Renewable Energy Agency (IRENA) says that the renewable energy sector now employs 9.8 million people worldwide. That figure is expected to reach 24 million
The 31st annual Italian Street Painting Festival was held this weekend at the grounds of the historic Mission in Santa Barbara, California—and these gorgeous creations may inspire you to go chalk your own sidewalk. Inspired by its sister festival in Grazie di Curtatone, Italy, the Santa Barbara event known as ‘I Madonnari’
This woman isn’t waiting for someone else to address her city’s homelessness problem. Instead of investing in a second house for her and her family, Jessica Pearce of Melbourne, Victoria recently bought four houses for the homeless. The houses, which she says she only bought a few days apart from
Memorial Day weekend isn’t all just about barbecues and beach parties – it’s also about honoring service members who have fought for the values of our country. That’s why Josh Rainey didn’t mind spending a couple hundred bucks on a young service member trying to get home to see his
The management of Covenant University has announced the sales of Postgraduate forms for 2017/2018 academic session. Covenant University inviting interested applicants to her 2017/2018 academic session full-time and part-time postgraduate degree programmes admission exercise. Opportunities exist for suitably qualified candidates for postgraduate training leading to the award of the Postgraduate Diploma, Master’s, and Ph.D degrees […]
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How to Apply for Covenant University Post UTME/Admission Screening Exercise for the 2017/2018 Academic session. THIS is to inform all the Aspirants who chose Covenant University, (CU) as their choice in the 2017 JAMB CBT that the application form is now on sale. Applications are invited from eligible and qualified candidates for admission into undergraduate […]
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Today on Memorial Day, Americans are supposed to honor the soldiers who died to protect the nation’s freedom and safety. The men and women who chose to serve their country give so much— and this weekend we have an opportunity to do something for them and their families. We can reflect on what Memorial
Today is the International Day of UN Peacekeepers, when nations around the world honor a special kind of soldier—one that sets out to establish order and make peace. In 72 years, the UN peacekeepers in blue hats have undertaken 71 field missions and negotiated more than 172 peaceful settlements to
Nashville Predators hockey player P.K. Subban asked teammate Mike Fisher, "How does it feel" to be the league's best-looking player? Fisher's wife Carrie Fisher agreed.
Every business whether small, medium or large scale usually starts with an idea. In most cases, these ideas are ones that add value to potential customers.
Once the business idea is conceived, the next thing you have to do is to transform it into action. The process of converting this idea to an action is where many to-be businessmen and women start feeling overwhelmed.
It is quite understandable if you end up freezing or getting cold feet at this stage of getting your business started, but you will also want to know that getting going is actually way more easier than you think.
Similar to any other goal you might want to achieve, if you take your time to break each activity into sizeable and achievable chunks, you will definitely be able to handle enough of the smaller actions needed to get your goal or business started in less than no time.
In this article, we give a quick run-down of the processes necessary to start your new business. These steps are not too technical and anyone with an average education can apply this business start-up strategies.
Start by writing a business plan.
The first thing you might want to do is start by writing at least a one-page business plan. As you may have known, the key to any successful business during the start-up phase lies in keeping things simple and at the lowest cost possible.
Note that cost in this sense does not mean finances but also your time.
The temptation that many would-be business owners get themselves trapped into is the issue of trying to create the largest and robust business plan the world is yet to witness. This is not a good idea when starting a small scale business. You will only need such robust business plan if you are seeking for financing and investors.
The key to a successful small business, especially in the startup phase, is to keep things simple and at a low cost. Costs don’t just mean your monetary costs, but also your time.
If you have a big heart for the future of your business, you could write those ideas for a very different business plan but for the mean time, start by writing a small business plan that is cost effective and achievable.
It is highly recommended for small-business owners to start by doing testing with their idea before pumping money and time into it.
To get started, create a simple, one-page business plan that is a high-level overview of the business you’re about to start.
Photo credit: EventsInNepal.com
Vision
Start out by defining the business vision i.e. What will be the end result of the business you want to start?
Mission
Define your business mission. The mission is different from vision, In your mission statement, quick explain the purpose of your company or business.
Objectives
Define your objectives in the form: What shall I do? -- What are my goals -- that will lead to the accomplishment of my mission and vision?
Strategies
Outline your basic business strategies.
How are you going to achieve the objectives that you have just highlighted?
Action Plan
Draft a quick and simple action plan and bullet out the smaller task-oriented actions required to achieve the objectives you have just stated.
That’s it. Your ideas might be longer than one page, but it will surely be more organized and shorter than a full business plan, which could take weeks or months to write.
Decide on a budget
While I highly recommend you keep your costs as low as possible, you’ll still need to determine a budget to get started and how much you’ll be able to spend. If you’re self funding, be realistic about numbers and whatever you anticipate your budget to be. I’ve found that an additional 20 percent tacked on for incidentals is a realistic overage amount that helps you plan your burn rate.
Your burn rate is how much cash you’re spending month over month. It’s an important number for you to figure out to determine how long you can stay in business before you need to turn a profit.
You should set up your business with profitability in mind the first 30 to 90 days. It’s possible. But have a budget reserve so you can survive if things go leaner than expected.
Decide on a legal entity
Filing paperwork to start a business costs money. Often, depending on your state, it can be a lot of money. You’ll need to account for city or municipality licensing, state incorporation or business entity fees and more. Do a thorough search ahead of time to determine what the filing fees are for your city, county and state before starting any business.
Often in the initial “test” phase for your small business, it can be wise to start as a sole proprietor, as it means less paperwork and up-front expenses. That can save you some big-time cash while you determine the viability of your business. Do be aware though that acting as a sole proprietor can put you at personal risk, so you’ll want to weigh the benefits vs. risks and then speak with a local attorney or tax professional to decide which is smarter for your short-term vs. long-term goals.
You can always file for a business entity once you’ve proven in the first three to six months of business that you’ve got a viable, sustainable model.
Take care of the money.
Whatever business entity you decide on, keep the funds separate from your personal accounts. This is a big mistake that makes tax time and financials so confusing. It’s really easy to set up a free business checking account with your local credit union or bank. All you’ll need is your filing paperwork, sole proprietor licensing information and an initial deposit to get set up from most financial institutions.
Don’t pay for an account or get any kind of credit lines yet, just get a holding place you can keep your money separated from your personal accounts. This should take you no more than hour at the financial institution of your choice.
Get your website.
Regardless of whether your business will be brick or mortar or online, you’ll need a website and that means securing a URL. Popular domain sites such as HostGator and Go Daddy will allow you to search for the website domain address of your choice and purchase it for as little as $9.99.
If you’re starting an online business, you can tie your domain to an online shopping cart and store front such as Shopify for a low monthly fee, or you can build a basic website yourself on top of your URL with do-it-yourself drag-and-drop site builders such as Weebly for a low fee. Both are less than $100 a month.
Test sales.
You now have enough of the foundation that you can start testing some sales. Try to spread the word in an inexpensive but creative ways.
Do you have a service-based business? then, get involved with your local chamber of commerce or small-business chapter immediately and ask what resources are available for you to speak or present or share information about your new business.
If you have a product-based business, test the viability of your product at local swap meets, farmers markets or other community events to test what the public really thinks (and if they'll purchase) from you.
Try using effective marketing skill to drive traffic to your website through Facebook Ads with capped budgets, or set up a simple Google AdWords advertisement account with a budget cap to test if traffic is going to your business website.
Watch this motivational business start up video
You can follow these six steps by yourself for any amount of money you purposed for starting up your business.
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via IFTTT
Every business whether small, medium or large scale usually starts with an idea. In most cases, these ideas are ones that add value to potential customers.
Once the business idea is conceived, the next thing you have to do is to transform it into action. The process of converting this idea to an action is where many to-be businessmen and women start feeling overwhelmed.
It is quite understandable if you end up freezing or getting cold feet at this stage of getting your business started, but you will also want to know that getting going is actually way more easier than you think.
Similar to any other goal you might want to achieve, if you take your time to break each activity into sizeable and achievable chunks, you will definitely be able to handle enough of the smaller actions needed to get your goal or business started in less than no time.
In this article, we give a quick run-down of the processes necessary to start your new business. These steps are not too technical and anyone with an average education can apply this business start-up strategies.
Start by writing a business plan.
The first thing you might want to do is start by writing at least a one-page business plan. As you may have known, the key to any successful business during the start-up phase lies in keeping things simple and at the lowest cost possible.
Note that cost in this sense does not mean finances but also your time.
The temptation that many would-be business owners get themselves trapped into is the issue of trying to create the largest and robust business plan the world is yet to witness. This is not a good idea when starting a small scale business. You will only need such robust business plan if you are seeking for financing and investors.
The key to a successful small business, especially in the startup phase, is to keep things simple and at a low cost. Costs don’t just mean your monetary costs, but also your time.
If you have a big heart for the future of your business, you could write those ideas for a very different business plan but for the mean time, start by writing a small business plan that is cost effective and achievable.
It is highly recommended for small-business owners to start by doing testing with their idea before pumping money and time into it.
To get started, create a simple, one-page business plan that is a high-level overview of the business you’re about to start.
Photo credit: EventsInNepal.com
Vision
Start out by defining the business vision i.e. What will be the end result of the business you want to start?
Mission
Define your business mission. The mission is different from vision, In your mission statement, quick explain the purpose of your company or business.
Objectives
Define your objectives in the form: What shall I do? -- What are my goals -- that will lead to the accomplishment of my mission and vision?
Strategies
Outline your basic business strategies.
How are you going to achieve the objectives that you have just highlighted?
Action Plan
Draft a quick and simple action plan and bullet out the smaller task-oriented actions required to achieve the objectives you have just stated.
That’s it. Your ideas might be longer than one page, but it will surely be more organized and shorter than a full business plan, which could take weeks or months to write.
Decide on a budget
While I highly recommend you keep your costs as low as possible, you’ll still need to determine a budget to get started and how much you’ll be able to spend. If you’re self funding, be realistic about numbers and whatever you anticipate your budget to be. I’ve found that an additional 20 percent tacked on for incidentals is a realistic overage amount that helps you plan your burn rate.
Your burn rate is how much cash you’re spending month over month. It’s an important number for you to figure out to determine how long you can stay in business before you need to turn a profit.
You should set up your business with profitability in mind the first 30 to 90 days. It’s possible. But have a budget reserve so you can survive if things go leaner than expected.
Decide on a legal entity
Filing paperwork to start a business costs money. Often, depending on your state, it can be a lot of money. You’ll need to account for city or municipality licensing, state incorporation or business entity fees and more. Do a thorough search ahead of time to determine what the filing fees are for your city, county and state before starting any business.
Often in the initial “test” phase for your small business, it can be wise to start as a sole proprietor, as it means less paperwork and up-front expenses. That can save you some big-time cash while you determine the viability of your business. Do be aware though that acting as a sole proprietor can put you at personal risk, so you’ll want to weigh the benefits vs. risks and then speak with a local attorney or tax professional to decide which is smarter for your short-term vs. long-term goals.
You can always file for a business entity once you’ve proven in the first three to six months of business that you’ve got a viable, sustainable model.
Take care of the money.
Whatever business entity you decide on, keep the funds separate from your personal accounts. This is a big mistake that makes tax time and financials so confusing. It’s really easy to set up a free business checking account with your local credit union or bank. All you’ll need is your filing paperwork, sole proprietor licensing information and an initial deposit to get set up from most financial institutions.
Don’t pay for an account or get any kind of credit lines yet, just get a holding place you can keep your money separated from your personal accounts. This should take you no more than hour at the financial institution of your choice.
Get your website.
Regardless of whether your business will be brick or mortar or online, you’ll need a website and that means securing a URL. Popular domain sites such as HostGator and Go Daddy will allow you to search for the website domain address of your choice and purchase it for as little as $9.99.
If you’re starting an online business, you can tie your domain to an online shopping cart and store front such as Shopify for a low monthly fee, or you can build a basic website yourself on top of your URL with do-it-yourself drag-and-drop site builders such as Weebly for a low fee. Both are less than $100 a month.
Test sales.
You now have enough of the foundation that you can start testing some sales. Try to spread the word in an inexpensive but creative ways.
Do you have a service-based business? then, get involved with your local chamber of commerce or small-business chapter immediately and ask what resources are available for you to speak or present or share information about your new business.
If you have a product-based business, test the viability of your product at local swap meets, farmers markets or other community events to test what the public really thinks (and if they'll purchase) from you.
Try using effective marketing skill to drive traffic to your website through Facebook Ads with capped budgets, or set up a simple Google AdWords advertisement account with a budget cap to test if traffic is going to your business website.
Watch this motivational business start up video
You can follow these six steps by yourself for any amount of money you purposed for starting up your business.
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via IFTTT
NBA Hall of Famer Rick Barry and son Canyon Barry talk about the tradition of underhand free throws. Rick swears by its accuracy, but players hardly ever use it.
Myron Rolle talks about his long journey from playing football at Florida State University and joining the NFL to going to Harvard medical school to start his residency in neurosurgery.
This robber must be barking mad to think he can walk out of a store without paying for a loaf of Wonder Bread – but then again, he didn’t have a wallet… or hands, for that matter. That’s because the criminal was a husky. The sneaky pup was filmed by security footage
Texas legislators in the House have just voted in favor of allowing poorer residents to pay off traffic tickets in methods other than money. Low-income Texans are often punished for not paying their traffic tickets on time, resulting in more fines and punishments that usually only push them further into debt. Sometimes,
David Wallechinsky, president of the International Society of Olympic Historians, tells NPR's Lulu Garcia-Navarro that the Rio Olympics wasted money and were plagued by corruption.
125 years ago today, The Sierra Club, the largest and most influential grassroots environmental organization in America, was founded by John Muir in San Francisco,. The Club’s original mission was to protect California’s Sierra Nevada mountains from excessive mining and logging. They have since protected 250 million acres of
Bunning was one of few ballplayers to pitch no-hitters in both leagues; in 1964, he pitched a perfect game. As a politician, the Kentuckian was known as cantankerous and staunchly conservative.
The salvation of these tiny baby turtles may have come with a $2.7 million price tag and ten years of hard work, but the town responsible for the project knows it was all worth it. Ever since the Long Point Causeway in southern Ontario was constructed a little over a
The giant toy brick giraffe standing tall at Legoland is going to be given the most beautiful namesake. The beloved Legoland Discovery Center giraffe in Boston, Massachusetts is to be named after Gio Maggiore – a 6-year-old boy who adored the long-legged animals before he passed away. The youngster died of congenital
Japan may be setting the purr-fect example for office work spaces where team members need to calm down. Several Japanese companies and firms have started encouraging employees to bring their pets to work in order to reduce stress. The pawesome policy was first kicked off by the Tokyo-based IT company Furray.
It’s been a big week for Shaurn Thomas. That’s because the 42-year-old has spent the last two and a half decades in prison for a crime he didn’t commit – and he was finally freed on Tuesday. Shaurn was convicted for the murder of a Puerto Rican businessman in 1990. Although he
This week a boy was hit in the heat by a broken bat in Yankee Stadium, prompting calls for more extensive safety netting. One advocate is Andy Zlotnick, who was hit by a foul ball there years ago.
40 years ago today, ‘Declan McManus’ made his live debut in London as Elvis Costello. The prodigious singer songwriter’s first 3 albums–including his critically acclaimed debut, My Aim Is True–all appeared on Rolling Stone’s list of the 500 Greatest Albums of All Time. WATCH a cool video of his Top 10,
Abia State University, ABSU postgraduate programmes admission form for the 2017/2018 academic session is now out. Interested applicants can apply below; The Management of Abia State University is inviting qualified candidates for admission into its postgraduate Diploma and Higher Degree Programmes for the 2017/2018 session. HOW TO APPLY FOR ADMISSION INTO ABSU POSTGRADUATE PROGRAMMES Complete […]
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The school authority of Akwa Ibom State University (AKSU) has made released and publish the 2nd semester academic calendar for the 2016/2017 session. AKSU Academic Calendar for 2nd Semester 2016/17 Session * Mon, June 12, 2017 – second semester/registration begins * Tues, June 13, 2017 – second semester lectures begins * Fri, August 11, 2017 […]
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The Federal University Birnin Kebbi, FUBK Remedial programme admission form for the 2017/2018 academic session is now on sale. The programme is designed to last for one-year. Nigeriaschool is using this platform to inform the general public and all interested candidates that the sales of application forms for admission into one-year Remedial Programme at the […]
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THE latest report reaching nigeriaschool.com.ng has it that the University of Port-Harcourt (UNIPORT) will not be admitting candidates into Department of Geology for the 2017/2018 academic session. The school management wishes to inform candidates seeking admission into the institution for the 2017/2018 academic session that there will be no admission into the Dept. of Geology […]
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THE school management of Oduduwa University has announced that the application form for admission into its degree programmes for the 2017/2018 academic session has commenced. Available Programmes College of Natural and Applied Sciences → Physics → Chemical Sciences (Industria Chemistry, Chemistry, and Biochemistryl) → Biological Sciences → Mathematics and Statistics → Computer Science → Microbiology […]
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Update: The University of Ibadan, UI Adjusted Academic Calendar for 2016/2017 session has been released. WE are using this platform to inform all the esteemed students of the University of Ibadan (UI) that the school senate has approved and released the official academic calendar for the 2016/17 academic session. University of Ibadan, UI Academic Calendar […]
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Understanding the basic facts about home insurance is crucial to protecting your investment whether you are a first-time home buyer or an established home owner. Outlined below are some of the things you need to know and avail yourself with.
1. ARM YOURSELF WITH A COMPREHENSIVE LOSS UNDERWRITING EXCHANGE REPORT:
C.L.U.E.-Comprehensive Loss Underwriting Exchange-is a database that is owned by LexisNexis Risk Solutions that gives the insurer access to information on claims that have been filed against the property in the last five years. As a prospective buyer, you can't get a report from the company, but you can ask the homeowner, who can ask LexisNexis, for a copy of the report. According to LexisNexis, a growing number of buyers are requiring sellers to provide a copy of the report as a exigency for a purchase offer. The loss history will reveal problems that could make insuring the home difficult or expensive. Ask an insurance agent about the home's insurability and for an estimate of the premium.
2. FIND OUT WHAT A HOME INSURANCE POLICY COVERS:
A basic home insurance policy provides coverage for your home and belongings and also the liability of you or your pet causing injury to another person, perhaps, a visitor. It also provides Additional Living Expenses (A.L.E) if your house is inhabitable for the period of time you don't stay in your inhabitable home, possibly, due to repairs after it has suffered damages from a natural disaster for which you were insured for.
Remember, policies differ from state to state, so you will do well to find out from your State Insurance Commission what policies are allowed and available for your state. You also need to differentiate between Actual Cash Value (A.C.V.) and Replacement coverage. A.C.V. pays for the cost of replacement of a damaged household item, minus depreciation while Replacement Coverage will pay for the purchase of the said item.
3. FIND OUT WHAT A HOME INSURANCE POLICY DOESN'T COVER:
Basic home insurance policies do not cover natural disasters such as floods. In this case, you have to make sure that you purchase a separate policy for these kinds of disasters. If you live in areas that are susceptible to flood, you will be required by your lender to purchase insurance through the NATIONAL FLOOD INSURANCE PROGRAM or if you live in the coastal region, a standard home insurance policy does not include coverage from damage caused by wind, so if you have a home in the coastal area, you need a separate Windstorm Insurance Policy to cover the damage made by the wind. In earthquake-prone area like California, Earthquake Insurance is optional but recommended.
4. FIND OUT THE LIMITS ON THE POLICY YOU ARE INTERESTED IN:
It is highly recommended that you perform an inventory to know exactly the amount and value of your belongings. This is because, some policies put dollar limit on valuables such as jewelry, fine arts, furs, antiques, etc, so, endeavor to work closely with your agent and ask questions from time to time to be sure you have enough coverage. Remember, the more detailed you are, the more accurate your policy is going to be.
5. INSURE YOUR HOME FOR THE COST TO REBUILD IT AND NOT THE CURRENT MARKET VALUE:
Make sure that your home is insured for the cost to rebuild it and not for its current market value. This is because, the rebuilding cost does not include the value of the land. That amount could be much more or much less than the market value depending on factors and variables such as labour and costs of materials.
6. THERE IS BENEFIT IN SHOPPING AROUND:
Cultivate the habit of shopping around for companies and carriers that provide best coverage at the best price at the best service because they are not equally created. We live in a highly competitive world and every business is constantly competing with each other to emerge the market leader.
Conduct a search to find out a company's financial ratings and consult your state's insurance department website to get information on consumer complaints against a company.
7. UPDATE YOUR POLICY AS YOUR MAKE NEW ADDITIONAL STRUCTURES TO YOUR HOME:
For each additional structure or gadget added to your house, make sure you update your policy to cover said structure or gadget. If you fail to do so and a disaster you were insured for occurs, the additional structures or gadget will not be replace because you failed to upgrade your policy to cover the new additions.
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Understanding the basic facts about home insurance is crucial to protecting your investment whether you are a first-time home buyer or an established home owner. Outlined below are some of the things you need to know and avail yourself with.
1. ARM YOURSELF WITH A COMPREHENSIVE LOSS UNDERWRITING EXCHANGE REPORT:
C.L.U.E.-Comprehensive Loss Underwriting Exchange-is a database that is owned by LexisNexis Risk Solutions that gives the insurer access to information on claims that have been filed against the property in the last five years. As a prospective buyer, you can't get a report from the company, but you can ask the homeowner, who can ask LexisNexis, for a copy of the report. According to LexisNexis, a growing number of buyers are requiring sellers to provide a copy of the report as a exigency for a purchase offer. The loss history will reveal problems that could make insuring the home difficult or expensive. Ask an insurance agent about the home's insurability and for an estimate of the premium.
2. FIND OUT WHAT A HOME INSURANCE POLICY COVERS:
A basic home insurance policy provides coverage for your home and belongings and also the liability of you or your pet causing injury to another person, perhaps, a visitor. It also provides Additional Living Expenses (A.L.E) if your house is inhabitable for the period of time you don't stay in your inhabitable home, possibly, due to repairs after it has suffered damages from a natural disaster for which you were insured for.
Remember, policies differ from state to state, so you will do well to find out from your State Insurance Commission what policies are allowed and available for your state. You also need to differentiate between Actual Cash Value (A.C.V.) and Replacement coverage. A.C.V. pays for the cost of replacement of a damaged household item, minus depreciation while Replacement Coverage will pay for the purchase of the said item.
3. FIND OUT WHAT A HOME INSURANCE POLICY DOESN'T COVER:
Basic home insurance policies do not cover natural disasters such as floods. In this case, you have to make sure that you purchase a separate policy for these kinds of disasters. If you live in areas that are susceptible to flood, you will be required by your lender to purchase insurance through the NATIONAL FLOOD INSURANCE PROGRAM or if you live in the coastal region, a standard home insurance policy does not include coverage from damage caused by wind, so if you have a home in the coastal area, you need a separate Windstorm Insurance Policy to cover the damage made by the wind. In earthquake-prone area like California, Earthquake Insurance is optional but recommended.
4. FIND OUT THE LIMITS ON THE POLICY YOU ARE INTERESTED IN:
It is highly recommended that you perform an inventory to know exactly the amount and value of your belongings. This is because, some policies put dollar limit on valuables such as jewelry, fine arts, furs, antiques, etc, so, endeavor to work closely with your agent and ask questions from time to time to be sure you have enough coverage. Remember, the more detailed you are, the more accurate your policy is going to be.
5. INSURE YOUR HOME FOR THE COST TO REBUILD IT AND NOT THE CURRENT MARKET VALUE:
Make sure that your home is insured for the cost to rebuild it and not for its current market value. This is because, the rebuilding cost does not include the value of the land. That amount could be much more or much less than the market value depending on factors and variables such as labour and costs of materials.
6. THERE IS BENEFIT IN SHOPPING AROUND:
Cultivate the habit of shopping around for companies and carriers that provide best coverage at the best price at the best service because they are not equally created. We live in a highly competitive world and every business is constantly competing with each other to emerge the market leader.
Conduct a search to find out a company's financial ratings and consult your state's insurance department website to get information on consumer complaints against a company.
7. UPDATE YOUR POLICY AS YOUR MAKE NEW ADDITIONAL STRUCTURES TO YOUR HOME:
For each additional structure or gadget added to your house, make sure you update your policy to cover said structure or gadget. If you fail to do so and a disaster you were insured for occurs, the additional structures or gadget will not be replace because you failed to upgrade your policy to cover the new additions.
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