Interest Only Mortgage on New House Until We Sell Our Current Home?

OK, so this new place is a great deal... but the home market is really slow in most areas... how long can you hold both mortgages, paying interest (and taxes, utilities, etc) on both houses, and still call it a great deal? You can do interest only- but interest rates have been on their way up- just bear that in mind. Its pretty risky what you are hoping to do. Interest would likely be something like $1200 per month, dont forget about taxes, insurance, etc

1. What does a cop see when they run your license plate number?

It's all done on ANPR (Automatic Number-Plate Recognition) technology. The cameras at the front of the car all link in to the Police National Computer, and it shows if the car has Insurance, MOT or Tax, whether not not the car has been stolen, or if it's wanted for other offences. They only have to run a check to see who the Registered Keeper is.

2. In the USA, without medical insurance, if one gets injured...?

well thats what auto insurance is for. lol but if someone was really sick and sent to the hospital, they will get the bill. some hospitals have charity money for people who can not afford insurance. but if you do not pay, it goes to collections.

3. How much should I offer on a foreclosure that just came on the market? It is listed at 79,900?

All you can do is make a offer, find out how much you can pay a month for this house. Depending how much money you make a year tell you how much you can borrow. It used to be 35 % of your yearly income, divide this by 12 months and this will give your monthly payments. You must have closing cost, insurance, property tax and probably a down payment. Go to a lender or a real estate agent and they will figure out how much money you qualify for. They will tell how much you can borrow, what your payments will be and how long you will be paying on the loan, usually 30 years. If they refuse your offer you can make another offer until you come to a agreement, be tough do not give them what they want - dicker with them

4. What strategies do you use to keep your retirement nest egg from losing value from inflation?

Prayer. That's about all you can do - pray that inflation does not eat away your retirement.Seriously, your best defense is to cut back on all your expenses. Pay off your mortgage, do not take out a car loan, avoid any sort of monthly payment, that sort of thing. If your 'cost of living' is at a minimum then your nest egg has a better chance of sustaining you through your senior years.In particular, avoid insurance. It never does what it promises, and only drains your finances. I believe in 'self-insurance.'Back in the 1940's it was thought that if you had your home paid off, and you had a monthly pension of $100 a month, you were set for life. People who believed that wound up going bankrupt in the 1950's because everything got more expensive. In my lifetime (I am 72) I've seen prices on everything go up by a factor of 10 - everything today is about ten times as expensive as it was when I was young.I expect prices on everything to continue to rise, particularly since politicians get elected by advocating irresponsible social programs that never seem to do any more than increase inflation. Good luck to you. Save what you can, cut your expenses to the bone, and hope for the best. It's all we can do

5. What can a person do with a swollen jaw due to multiple abscessed teeth (one broke off last week) and has been in excruciating pain, but has no insurance or an ID?

Find a free or low-cost clinic. University hospitals are another good option for reduced-cost dental care. If nothing else, go to the ER.If you are experiencing a swollen jaw and have multiple abscesses, you absolutely need medical care! Abscesses are a sign of infection, and the bacteria from dental infections can easily travel to your heart and other organs. Unfortunately, an abscessed tooth will not resolve itself on its own, and requires treatment. Most likely, you will be prescribed antibiotics, the abscesses will be drained, and the affected teeth will require either root canal treatments or extractions.There are clinics that will see you even without insurance. You can explain your ID situation to them. Get in as soon as possible. Taking an anti-inflammatory pain med such as ibuprofen, and using an ice pack on your jaw can help provide some temporary relief until then.Whatever you do, do not leave it untreated

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Artificial Intelligence and Blockchain in Insurance Industry
The application of modern technologies such as artificial intelligence, Internet of things and blockchain in the insurance industry can simplify several business processes such as claim processing, underwriting and marketing.People have been contacting insurance companies to insure their property, vehicles, mobile phones and even body parts such as tongue, legs and body hair. Due to the high demand, the competition in the insurance market is becoming increasingly fierce. In addition, handling insurance claims, compliance, risk assessment and fraud prevention are only part of the complex issues involved in operating insurance business. For insurance companies and customers, managing these complex tasks can be complex and cumbersome. Therefore, insurance providers must study modern technology and its application in order to find practical solutions.Modern technologies such as artificial intelligence, big data, Internet of things and blockchain are changing many industries such as retail, finance and health care. Similarly, the use of modern technologies such as artificial intelligence and blockchain in the insurance industry will also solve the problem of low efficiency involved in business. Blockchain based network can protect customer data and realize payment automation. At the same time, AI can analyze potential risks and help develop marketing strategies for specific customers. In conclusion, these technologies and their innovative applications can improve productivity and customer experience and prevent fraud.Blockchain in insurance industryBy enabling blockchain in insurance companies, companies can benefit from the following applications:â–² insurance claimHandling insurance claims is a slow, cumbersome and error prone process, which requires important data and multi-party cooperation. For example, consider a driver who has a car accident due to the fault of another driver, and the driver files a claim with the insurance company to make up for the loss. Then, the insurance company reviews the claim and recovers the loss from the insurance company of the negligent driver. Different insurance companies may have different claim processing processes and systems. This method is inefficient and time-consuming.Insurance companies can use blockchain to speed up procedures and minimize operating costs in insurance claim processing. With the security and distributed ledger of blockchain, insurance companies and policyholders can digitally monitor and manage every tangible asset. Insurance companies can use smart contracts to code specific business rules to automatically process claims. For example, some insurance companies provide flight insurance for delayed flights. With the help of the smart contract, the insurance company can collect flight information and communicate with the global aviation database to monitor multiple flight status. If the applicant delays for more than two hours, the smart contract can automatically pay compensation fees after confirming the flight information with the airport and the applicant. With the help of blockchain insurance claim settlement, the applicant can avoid filling out the claim settlement form. In addition, insurance companies can reduce the time to process and verify claim data.â–² health insuranceDue to the participation of medical institutions, insurance companies and patients, the process of handling health insurance claims has become extremely complex. For example, if a patient wishes to submit a health insurance claim for heart surgery, the medical institution must request several documents from the insurance company. To this end, medical institutions must obtain authorization to file claims from insurance companies. After the operation, the insurance company collects documents from each medical institution and the doctor who diagnoses the patient, and the whole process requires a lot of paperwork. In addition, the back-end infrastructure used by medical institutions and insurance companies to record patient information is outdated, and different medical institutions and insurance companies may use different formats and standards to store data, which may lead to inconsistency and confusion. In addition, sensitive patient data is protected by strict privacy laws. Therefore, medical institutions inadvertently create data islands within their organizations. The emergence of blockchain in insurance companies can help patients safely share their data while ensuring privacy. The blockchain network is encrypted and secure to avoid illegal modification of data. Patients can grant access to insurance companies according to specific circumstances. With the help of blockchain, healthcare institutions can create a real-time and synchronized industry wide patient data repository. Using this method, insurance companies can audit the medical information of multiple medical institutions.â–² asset trackingAccording to statistics, 70540 people in the United States have net assets worth more than US $50 million. These high net worth people have high-value assets, such as jewelry, art, wine, private islands, yachts, etc. As the number of assets increases, the evidence to track the ownership and value of these assets will become more and more complex. Insurance companies can use blockchain to track assets with the help of decentralized networks. Asset owners can register their assets on the blockchain network, and each node of the network will contain immutable records of assets. If the asset owner transfers the asset to another person, the transaction will be recorded on the network. With this approach, each asset owner can be traced back to all previous owners. In addition, due to the encryption nature of the blockchain, the transaction history cannot be modified or edited. In this way, the introduction of blockchain into insurance companies can effectively simplify asset tracking and provide proof of ownership.â–² fraud detectionStatistics show that according to conservative estimates, insurance fraud steals nearly $80 billion a year. Because of this insurance fraud, American families face an average premium increase of $400 to $700. Criminals involved in insurance fraud often exploit vulnerabilities in which fraud patterns can only be identified through a wide range of data sets across multiple insurance companies. However, due to competition and legal challenges, insurance companies cannot share such information. Therefore, the traditional fraud detection methods are ineffective. Introducing blockchain into insurance companies will improve the cooperation between multiple insurance companies. With blockchain driven distributed ledger, insurance companies can record every transaction and protect data with encryption and access control. Insurance companies can share transaction data and collaborate to find suspicious behaviors and patterns throughout the ecosystem. By using the blockchain in insurance companies, insurance companies can eliminate duplicate insurance claim orders and reduce forgery and premium losses.Insurance companies can use AI in the following ways:â–² personalized vehicle insurance premiumAt present, the insurance premium is based on the historical information of drivers and accidents. However, this approach introduces a fixed amount of insurance premium for each driver, regardless of their driving level. In addition, drivers can install Internet of things sensors to monitor average speed, acceleration and speed limit violations in real time. Using these data, the artificial intelligence system can analyze the behavior pattern of each driver and predict the possibility of accidents. In this way, insurance companies can introduce personalized vehicle insurance premiums according to each driver's skills and performance on the road. The premium may be lower for cautious drivers and higher for reckless drivers. By doing so, insurance companies can also encourage safe driving.â–² automatic underwritingThe core work of insurance companies is to evaluate and analyze the potential risks involved in insurance customers and their assets. This risk assessment is based on the information provided by the customer. However, the insurance company cannot verify whether the collected customer information is true. Therefore, they may use social media, location data and other sources for risk assessment. However, collecting and analyzing large amounts of data from multiple sources may become increasingly time-consuming and tedious. Insurance companies can deploy artificial intelligence robots with natural language processing and emotion analysis capabilities to collect and analyze customer data from various sources. Using these data, the artificial intelligence system can screen each customer and generate accurate analysis results for them. In this way, underwriting procedures can become more efficient and accurate.Some companies have deployed artificial intelligence chat robots for customer service. Similarly, insurance companies can also use chat robots that support artificial intelligence to answer customer questions through natural language processing. These chat robots can recommend suitable insurance plans for different customers. In addition, chat robots can also learn through dialogue with multiple customers. Insurance companies can also use emotion analysis to train chat robots to understand different types of customer queries. In this way, insurance companies can improve efficiency and reduce operating costs.â–² customer centered marketingIn the competitive environment of insurance industry, marketing strategy is essential. In general, insurance companies may try to sell insurance plans using traditional methods, such as telephone and email. In addition, e-commerce and other industries are using artificial intelligence for personalized marketing activities. Similarly, insurance companies can also use artificial intelligence to accumulate and analyze customer data. Artificial intelligence system can generate specific customer files, which can be used to provide relevant services and remember customer preferences. Therefore, insurance companies can carry out personalized marketing activities for specific customer groups.The implementation of modern technologies such as artificial intelligence and blockchain in insurance business will help to discover new possibilities in the industry. Other technologies such as the Internet of things and wearable devices will help insurance companies understand customers' health status and death risk to develop personalized premiums. This advanced technology and application will become the norm of the insurance industry, and early adopters will gain competitive advantage.
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