I do not know why, but we have seen, and experienced, an unusual uptick in the use of Powers of Attorney by people buying and selling real estate. I do not know if it is a coincidental increase in the frequency and will pass as an anomaly, or whether the public is expecting that real estate transactions will be held remotely, through a Power of Attorney, as opposed to the “old model” of everyone showing up at the settlement table. Powers of Attorney are, of course, appropriate when either the Seller (most likely) or the Buyer (less likely) are incapable of attending closing by reason of living out of state/out of the country, traveling or incapacitated by a medical condition. Unfortunately, we are seeing more and more instances of Powers of Attorney being used by people who just plain do not want to be bothered with attending closing. This creates a problem.
Continue reading The Problem with Real Estate Transactions and Powers of Attorney →
This is our final blog post in a series of articles pertaining to basic principles of automobile insurance. Part 1 covered bodily injury insurance for your motor vehicle, and part 2 went over motor vehicle medical expense insurance coverage.
When you purchase automobile insurance from your insurance agent, you must choose one of two tort automobile insurance options: “full tort” or “limited tort.”
Continue reading Tort Automobile Insurance – Right to Sue (Part 3) →
In my last article, the topic was Bodily Injury Insurance for your Motor Vehicle. In this blog post, I am going to talk about medical insurance included in your automobile insurance coverage, which many people fail to have sufficient coverage.
Continue reading Motor Vehicle Medical Expense Insurance Coverage – Part 2 →
How much insurance coverage should you have on your motor vehicles, not only to protect your family, but also to protect yourself against bodily injury?
Pennsylvania law requires a minimum of $15,000.00 bodily injury coverage for each of your household vehicles. Bodily injury insurance is coverage that is available in the event you are negligent in driving your automobile and, as a result of your negligence, you injure either a pedestrian or a driver or passenger in another vehicle.
Continue reading Bodily Injury Insurance for Your Motor Vehicle – Part 1 →