Personal Finance Daily: Falling satellites: There's insurance for that

Personal Finance Daily OCTOBER 21, 2011 Falling satellites: There's insurance for that By MarketWatch Don't miss these top stories: Brace yourself for holiday airfare hikes Foreclosure reviews on the way Stay-at-home 20-year-olds: key to housing rebound Charting the top 0.89%, inflation and housing data Can bank stocks bail out your portfolio? Are you worried about Rosat, the German space satellite that's slated to hit Earth at some point this weekend? It's extremely unlikely that you'll be hurt by a falling satellite, but we do tend to worry about the least likely events, don't we? The good news is that if pieces of falling space machinery do hit you or your property, your insurance likely will cover the damage, according to a release on Friday from the Insurance Information Institute, an industry trade group. Falling objects are covered under standard homeowners and business policies, the III said. If you have comprehensive coverage on your car, that would cover damage from a satellite, the III said. And, "in the tragic event that satellite debris were to strike a person [his] injuries would be covered under health insurance and, in the event of a death, existing life insurance policies would kick in." Read more on the III site. In other news: If you're planning to travel this holiday season, don't miss Jennifer Waters's column today. Airfares are expected to be quite a bit higher this season compared to last year, but there are ways to save on costs. Read her story, plus don't miss Lew Sichelman's Realty Q&A for more details on a government program aimed at addressing the concerns of homeowners who feel they didn't get a fair deal from their mortgage lender during a foreclosure proceeding. — Andrea Coombes , Personal Finance editor TRAVEL Brace yourself for holiday airfare hikes Airline experts predict 6% to 10% price increases for airfares in November and December. Here are five tips to get the best deal. Read more: Brace yourself for holiday airfare hikes. CAREERS Jobless in America? Find work in Asia When Don Phan was looking for a job last April, he thought he'd stay in New York. But when he was offered a position in Thailand, he decided he just couldn't pass up the opportunity to witness rapid economic growth firsthand and capitalize on the country's emerging private equity industry. Read more: Jobless in America? Find work in Asia REAL ESTATE Foreclosure reviews on the way People who think they are the victims of errors, misrepresentations or other deficiencies in the foreclosure process will soon be eligible for case reviews. Read more: Foreclosure reviews on the way. Where home values will rise in year ahead: report Housing markets in the Great Plains are showing the greatest strength these days but, while not many markets are fully rebounding, a good number of them won't see values fall at quite as rapid a pace as in recent years, according to a new report. Read that story and more in Real Estate Weekly. Read more: Where home values will rise in year ahead. Stay-at-home 20-year-olds: key to housing rebound The key to getting the housing market to rebound from depressed levels could well lie in an unlikely source, Putnam analysts say: people in their 20s who live with their parents or with roommates. Read more: Stay-at-home 20-year-olds: key to housing rebound. ECONOMY & POLITICS Charting the top 0.89%, inflation and housing data The week's releases show the breakdown of wage earners, the inflation spike that will bring more cash to seniors, and the mixed messages sent by the nation's housing market. See charts: Charting the top 0.89%, inflation and housing data. INVESTING Can bank stocks bail out your portfolio? For a bargain-hunting investor, buying bank stocks after a 26% rout this year may sound too good to pass up. But uncertainty about European debt and U.S. monetary policy raises the risk that these cheap stocks could fall further. Read more: Can bank stocks bail out your portfolio? What 2012 election means for stocks The 12 months leading up to presidential elections are typically very good for the stock market, right? Read more: What 2012 election means for stocks. Fake Bernie Madoff still keeping it real Jay Berkman pretends to be someone he's not. Since 2008, he's been blogging and tweeting as Bernie Madoff. Read more: Fake Bernie Madoff still keeping it real. INTERNATIONAL Thai rate cuts possible in wake of flood disaster Thailand's floods have already forced a pause in the central bank's tightening campaign, but further rounds of easing could be constrained by rising inflation — especially food prices — as the nation tallies crop damages from the worst flooding in 50 years. Read more: Thai rate cuts possible in wake of flood disaster. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2011 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). 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