Here at IWB Group, our dedication to community welfare is at the heart of our mission. We understand the challenges many face, especially in times of crisis. That's why we are excited to announce our collaboration with Feeding America in our Community Cause campaign. Feeding America, a leading force in the fight against hunger, works tirelessly to provide essential aid to families and individuals across the nation. Their impact is profound, reaching communities in every corner of the country. We are inspired by their commitment to ensuring that no one has to face hunger. To bolster this vital work, we at IWB Group have pledged to make a $10 donation to Feeding America for every referral we receive for a no-obligation insurance quote. This is a simple yet powerful way for us and our clients to make a difference. Your recommendation can directly contribute to this cause, helping to feed those in need. We are proud to support Feeding America and invite you to join us in this effort. Together, we can help alleviate hunger and provide hope to those facing food insecurity. Let's unite to make a positive impact that resonates throughout our communities.
How to get out of Debt Faster Americans are carrying more debt now before, and signs of that burden are showing up in the form of debt fatigue. If your debt payments are burdening you, the only solution is to change the way you handle your debt and start climbing your way out, one step at a time. You'll be able to come out of most financial debts by following the steps mentioned below: 1. Follow the Debt Snowball or Debt Avalanche method to repay debt: The debt snowball method can help in paying off your credit card and other debts. Make a list of your debts, beginning from smallest to largest. This method starts paying off the smallest balance and moving to the next smallest balance until the least debts are paid off. This helps in concentrating on the larger deficits later with more dollars in to do so. The debt avalanche method states that the debt with the highest interest rate is entirely paid off, and then the extra repayment funds go toward the next-highest interest-bearing loan. The convenience of this method is that it minimizes the amount of interest you pay and reduces the duration it takes to get out of debt. For instance, imagine that you have the following debts: • $9,000 debt at 15% • $7,000 debt at 6% • $7,500 debt at 12% In this example, suppose your minimum monthly repayment is $600 then If you pay back using the Snowball method, you will pay back $30,167 and will be out of debt in 51 months. If you pay back using the Avalanche method, you will pay back $28,916 and will be out of debt in 49 months. 2. Pick up a side hustle: Since everyone has a talent, one can utilize their talents or skill to earn extra income that can further be utilized in reducing their debts. A skill that can earn you extra dollars can vary from working as a freelancer at Upwork, Guru or Fiverr or starting a Youtube channel. 3. Avoid credit card overspending: A credit card is best to be left at home as it accumulates more debt while shopping. Finances can go out of control when we use credit cards as they are very tempting. Credit cards encourage extra spending because of the rewards they offer or cashback with every purchase. 4. Sell everything you don't need: Yet another source of income would be to sell all the things that you have gathered over time and don't have a use for it anymore. The extra money earned can be used to pay off your debts. One of the conventional ways to sell your unwanted belongings can be through a garage sale in your neighbourhood. Other ways of selling your items could be through a confinement shop or Facebook Yard Sale. 5. Stop investing: Your top priority should be paying off debts, and once it is taken care of, then you may consider investing. A bad investment would only lead you more into debt. 6. Reward yourself when you reach a milestone: Appreciate your efforts; otherwise, you will view it as a punishment making it difficult to stay motivated. A reward with a reasonable budget will help you to stay motivated. For instance, if you plan on halving your debt within the end of the month, reward yourself for your success. No matter how much debt you're in, whether it's credit card debt, student loan debt, car loans, or something else — it's vital to know there is always a way out. Your debt may not go away instantly, but a debt-free future could be yours if you plan — and stick with it long enough. The earlier you start handling your debt, the sooner you'll have it paid off.
7 Things You Should Know About Boat Insurance Boating is undoubtedly one of the best ways for you to release stress. You are excited to hit the water on your boat; worrying about the finances in case of an unfortunate event would be the last thing you would want. So, make sure your boat is well insured. We have collated seven significant points you should be aware of while purchasing a Boat Insurance policy: 1. Understanding the different Boat insurance coverage It's crucial to know how much it would cost to rebuild your boat if necessary and keep your insurance agent informed on any upgrades you have made to your boat. The buyer of boat insurance must be aware of these concepts to avail the best policy suited for their vessel. Replacement cost policy means the buyer's compensation with a likeness to the original one in all aspects. Market cash value means repaying the insurer with the actual cost of repairs for the boat, where the compensation claimed is the replacement cost of the boat less depreciation. Agreed value is the best type of boat insurance policy to ensure if a loss happens, you are eligible for the value of your boat agreed by you. You may have to update your policy to keep up with your needs. 2. Discounts for being a Safer boater A boater who has completed an approved course on boating safety can avail discount on the boat insurance. It is one of the best ways to reduce boat insurance premiums. The safer boater is also entitled to a lay-up discount if the boat is used only certain times during the year in freshwater conditions. 3. Navigational Limits of your Boat insurance The navigational limit in the policy determines the coverage. You can determine the claim on the boat insurance policy by certain factors like distance covered by the boat from the boat's dock or moor, launch site, or the water's shoreline. For instance, if your boat is not within the navigational limits as mentioned in the policy, you would not be eligible for a claim in case of any damage caused. 4. The various factors that determine your Insurance premium The cost of the boat insurance also depends upon the size and the speed limits of the boat. Bigger size and higher speed cost more. Other factors for the insurance policy are age, value, condition of the ship like how and where the boat is used, type of motors like inboard or outboard, and whether the insurer lives on the boat. You are eligible for discounts on factors like the years of boating experience, where your boat is parked, and your boat's examination by Coast Guard Auxiliary. 5. Canceling the policy during Off-Seasons could be a costly affair Many boat owners will intentionally cancel their coverage during the off-season. This puts them under many risks that could damage the boat when it's not in the water. Dropping coverage may result in the boat owner being exposed to pay for the damage. For instance, if the boat is harmed in the driveway due to unfavorable weather conditions, you will have to bear the entire cost. 6. Did you know that the place where your boat is damaged can affect your claim? Many varying circumstances determine the claim's nature, and you must be aware of what their policy covers. If the boat is damaged while parked at home and if Homeowner's insurance policy covers it, you can claim from Homeowner's insurance policy. Likewise, if it is damaged while towed by your vehicle, you can claim from your auto insurance company, and Boat insurance covers the damages if the boat is harmed while parked at the dock. (Check with us to be 100% sure if your boat is covered by home or auto insurance as mentioned above) 7. Choosing the right Insurance Agent It is crucial to select a good insurance agent who knows your boating requirements. Selecting the right agent is very important. Only select agents who know about boats and boating can give correct advice according to your boating needs to avoid future problems that may arise. Every boat owner needs a policy that fits them – contact us today to get the best boat insurance coverage that suits you and your boat.
Here at IWB Group, our dedication to community welfare is at the heart of our mission. We understand the challenges many face, especially in times of crisis. That's why we are excited to announce our collaboration with Feeding America in our Community Cause campaign. Feeding America, a leading force in the fight against hunger, works tirelessly to provide essential aid to families and individuals across the nation. Their impact is profound, reaching communities in every corner of the country. We are inspired by their commitment to ensuring that no one has to face hunger. To bolster this vital work, we at IWB Group have pledged to make a $10 donation to Feeding America for every referral we receive for a no-obligation insurance quote. This is a simple yet powerful way for us and our clients to make a difference. Your recommendation can directly contribute to this cause, helping to feed those in need. We are proud to support Feeding America and invite you to join us in this effort. Together, we can help alleviate hunger and provide hope to those facing food insecurity. Let's unite to make a positive impact that resonates throughout our communities.
Here at IWB Group, our dedication to community welfare is at the heart of our mission. We understand the challenges many face, especially in times of crisis. That's why we are excited to announce our collaboration with Feeding America in our Community Cause campaign. Feeding America, a leading force in the fight against hunger, works tirelessly to provide essential aid to families and individuals across the nation. Their impact is profound, reaching communities in every corner of the country. We are inspired by their commitment to ensuring that no one has to face hunger. To bolster this vital work, we at IWB Group have pledged to make a $10 donation to Feeding America for every referral we receive for a no-obligation insurance quote. This is a simple yet powerful way for us and our clients to make a difference. Your recommendation can directly contribute to this cause, helping to feed those in need. We are proud to support Feeding America and invite you to join us in this effort. Together, we can help alleviate hunger and provide hope to those facing food insecurity. Let's unite to make a positive impact that resonates throughout our communities.
Here at IWB Group, our dedication to community welfare is at the heart of our mission. We understand the challenges many face, especially in times of crisis. That's why we are excited to announce our collaboration with Feeding America in our Community Cause campaign. Feeding America, a leading force in the fight against hunger, works tirelessly to provide essential aid to families and individuals across the nation. Their impact is profound, reaching communities in every corner of the country. We are inspired by their commitment to ensuring that no one has to face hunger. To bolster this vital work, we at IWB Group have pledged to make a $10 donation to Feeding America for every referral we receive for a no-obligation insurance quote. This is a simple yet powerful way for us and our clients to make a difference. Your recommendation can directly contribute to this cause, helping to feed those in need. We are proud to support Feeding America and invite you to join us in this effort. Together, we can help alleviate hunger and provide hope to those facing food insecurity. Let's unite to make a positive impact that resonates throughout our communities.
