Friday, May 27

Month: September 2021

Long Term Care

Demystifying The Myths Of Insurance

Whenever something new begins to shape up, there always seems to be lies and all sorts of truths going round about the matter. Some draw info from irrelevant sources and link them. Others simply start stating something, in an effort to seek recognition and attention. It usually takes a while before the air settles and the truth grasps its roots. Nevertheless, the truth always stands at the end of the day. The scenario is no different when it comes to matters of insurance. Misleading info leaves those who are to benefit from it to lose out and end up in regret more often than not. To clear the air on such issues, here are some lies and half-truths to chew upon and thus able to give the concrete truth about the matter of whole life insurance coverage:1. I have no dependents, so I need no cov...
Auto Insurance

Testimony From Insurance Agents About Getting Into the Industry

Everything you wanted to know about the behind the scenes reasons to a career choice in the industry!Four questions that highlight the passion for Auto, Home, Business, Property and Life Insurance and three varying responses to them!Question: No matter how long any insurance agent has been in the business, there was always a time when he or she was a rookie. Can you remember what prompted you to begin a career in indemnity?Answer 1: Actually, my exposure to the industry came out of my very own requirements. I was personally searching for auto coverage. The problem was that every agency I turned to offered very expensive premiums. It was only after I mentioned this to some of my college mates that I found a differing approach. I was guided a specific agency that showed a level of customer s...
Auto Insurance

Overview of Car Insurance

Car insurance is a very important thing for every car owner, regardless of the location they are in. Every state gas got its own requirements. There are some requirements that the drivers must meet so as to be able to purchase insurance and be able to drive without getting into trouble. Also, car insurance can also be an expensive and complicated affair. Most drivers find themselves operating and they do not understand emergencies that are covered. It is important to speak to a professional about some insurance questions, but there are some basics that everyone looking for car insurance should understand.Property and liabilityIn auto insurance claims, there are usually two types of claims that you can find and they are property and liability. Usually, liability will cover you the car owner...
Supplemental

Understanding The Medicare AEP Or Annual Enrollment Period

The best way for individuals who have Medicare coverage to ensure that you receive the best value possible is to compare the different plans prior to switching during the 2014 AEP or Annual Enrollment Period. There are four parts of Medicare Insurance Plans which includes Parts A, B, C/Medicare Advantage, and D. The AEP does not apply to those individuals who already have Medicare supplement insurance. However, they are not restricted from switching during the AEP period, especially if they benefit from switching.Whether you currently have Medicare coverage, a Medicare Advantage (MA) plan, or Part D (prescription drug) coverage, you have one opportunity to make the changes you desire once per year during the AEP. That period is referred to as Medicare's Annual Election Period or the Open E...
Vision

Vision Insurance Considerations

Like all medical related costs, vision costs have soared in the last decade, particularly in the last 5-years. Today, as the economy tightens many health care plans do not include optometry or vision care. Even prescription glasses or contacts can cost a bundle and on top of that you will be hit for the eye examinations that go along with them, these can cost a pretty penny these days. If you have a large family or you need your eyes to earn a living, you really cannot be without eye care or vision insurance.Some company health care plans allow you to add vision insurance onto your policy even if your policy excludes it. If you are self-employed or your company or employment has no plan or plans available, then you may wish to consider a PPO or preferred provider policy. You might also thi...
Long Term Care

Waiting Periods in the Life Insurance Business

People who often are beneficiaries of claims by policyholders need to know some of the facts about filing claims so that they do not hit a dead-end while doing so. First, you need to understand the terms and conditions by which the policyholder agreed to sign in to an agreement with the insurance company. Too many people either have lost money left over by their deceased or have filed claims to insurance companies with zero results.The first thing that you need to do, both as the policyholder and the beneficiary is to go through the terms and conditions of the policy, understanding the fine print with the help of an agent or a representative of the company. It may not be a bed of roses to come to such a meeting, but it will help you clear the air and assist you file a claim easily.That sai...
Supplemental

Is Medigap Insurance The Same As A Medicare Supplement?

Medigap insurance: Calling it what it isWhen you first become eligible for Medicare you should be excited and relieved that you can have some credible health insurance that won't break the bank. But Medicare isn't free and a share of the cost for Medicare-covered services is your responsibility.To help control some of those costs, insurance companies offer supplemental policies referred to as Medigap insurance. Medigap is so named because it's a way to fill some of the gaps in Medicare. Some initial confusion is the result of not knowing what Medicare gaps are. The gaps filled are not gaps in covered services, but rather the expenses that are your responsibility.A Medigap policy supplements Medicare by paying a share of your expenses. And that is why Medigap is also known as a Medicare sup...
Vision

Vision Insurance Plans – What Should You Keep an Eye Out For

In this day and age where most of our time is spent before a screen - either a computer or a television - our most vital of senses, vision, can easily get damaged. Routine eye examinations, therefore, are absolutely essential for maintaining healthy vision. However, eye care can be prohibitively expensive. Not only eye examinations, but even lenses, frames, etc. can burn a deep hole in your pockets. Therefore, it is essential that you get yourself covered with a vision insurance plan, especially if more than one person in your family regularly uses glasses/lenses.Vision insurance plans basically supplement whatever form of health insurance you already hold (whether it is PPO or HMO). Such plans cater specifically to eye care that may not be covered by your regular insurance plan. Generally...
Personal Property

Laws Concerning Selling Migratory Birds, Raptors, and Their Parts

As appraisers how often have we heard "can I sell this duck mount?"Being a Taxidermist I have had the occasional call asking if I can mount a hawk or a song bird that flew into a window or a car. After explaining the basics of the law they hang up never to be heard from again.Here is the answer to that question and maybe some other ones that will pop up regarding song birds, waterfowl and raptors.Migratory birds cover most any bird including ducks, swans, and loons etc... crows, woodcocks, snipes, song birds, and Raptors including hawks, eagles, and owls etc...Initially, an international agreement was signed Aug. 16, 1916, between the United States, Great Britain and Canada, the Treaty needed implementing through legislation. President Woodrow Wilson signed it into law July 3, 1918.The bas...
Auto Insurance

Do You Need a Personal Umbrella Insurance Policy? You Sure Do

The newspapers tell us about the lawsuit stories on a daily basis: cases where the jury awards multi-million dollars for injuries and even death resulting from car, home or boating accidents.If you are like others who have not acquired sufficient liability coverage, you could face catastrophic losses from any number of accidents. This can result in your and your family's financial ruin.What is the solution? Umbrella insurance protects you together with your current auto, home or boat coverage by providing further protection that kicks in once your other limitations exhaust.The Personal Umbrella Insurance Policy: a Loose DefinitionWorking as a catastrophic prevention plan, the personal umbrella policy covers you and your family from liability in the event a jury decides to award others and ...