September 2021 - Page 3 of 8 - Insurance Updates

25Sep

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Auto Insurance

Car Insurance – Cushion Huge Expenses and a Legal Protection

A car has become a basic need of families now-a-days. You can see many small, big, different models and companies cars rushed on the road around all the cities. We all know that a good car comes under a luxury item and no one wants to spend money on this on daily basis. Could you afford to buy a new car because one you had damaged or stolen? Yes answer is most of the people can't. So there is a solution to protect your favorite and needed car- the car insurance.What is car insurance?It is a type of a contract between the car owner and insurance company. In this contract car owner pays the premium and the insurance company pays the losses or theft of car. A car is often a high expense and you want to insulate it. So insure your car and feel safe to roam around!It repairs all types of damage...

25Sep

By OwnershipNo Comments

Personal Property

My Taxidermy Mounts Are Worth Less Than When I Purchased Them, Maybe Not

The question came up the other day "I purchased all my taxidermy mounts in the 80s so why do I need an appraisal? All I have to do is add up the receipts to figure out what I can deduct from my taxes." This statement could be very wrong and cause future problems.IRS Form 526 states "If you donate taxidermy property to a qualified organization, your deduction is limited to your basis in the property or its fair market value, whichever is less. This applies if you prepared, stuffed, or mounted the property or paid or incurred the cost of preparing, stuffing, or mounting the property. Your basis for this purpose includes only the cost of preparing, stuffing, and mounting the property. Your basis does not include transportation or travel costs".IRS Form 526 states original purchase price or fa...

25Sep

By OwnershipNo Comments

Personal Property

Happy Valuables Day!

According to CNN.com, Americans spend approximately $4.4 billion on diamonds, gold and silver for Valentines Day. That's a lot of valuables! What most people don't do, is spend the few extra dollars it costs to properly insure or protect those valuable items.Homeowners policies limit coverage on items such as jewelry and watches for the peril of theft to as little as $1,000. Most households have much more jewelry than this so consideration needs to be given to how much you own and if you want to transfer the risk of loss to your insurance company or by other means. Here are a few options to consider for keeping your valuables safe and/ or mitigating financial loss if stolen:· Obtain a "Floater" policy also known as an "Inland Marine" policy. If you have just purchased the item for Valentin...

25Sep

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Vision

Affordable Vision Benefit Plans For Everyone

The most wonderful things in this nature can be viewed only with our eyes. You can utilize them to a great extent in making your life meaningful. Eye contact can be used in bringing attention of the public and making an impression on them. So, it is important that you maintain proper eyes/eye sight by taking proper vision care.It can be clearly understood from the studies that many people give importance to the physical health and ignore taking care of their eyes. But, it has been clearly understood that at least a single eye care examination annually would be helpful in maintaining a proper eye sight which would be of vital importance in evaluating and correcting any problems pertaining to the vision. This is more particular to adults because the probability of developing vision problems ...

24Sep

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Medical Billing

Patient Financing: Beneficial to Both Patient and Practitioner

When running a medical practice, being able to collect payment from your customers is essential to staying in business. It doesn't matter how many doctorate degrees you have or what school you went to. Unless you can get your customers to pay for the services that you render, you will be able to stay in business. Because of this, patient financing is a topic that you may want to become familiar with.One way that you can increase the chances of getting paid when you render services is to offer in-house patient financing plans. By doing this, you increase the chances of being able to collect when you treat a patient. Many people don't have a lot of money lying around in order to pay medical bills with. If you will break it down into small monthly payments for them, they will be much more lik...

23Sep

By OwnershipNo Comments

Insurance

Get An Auto Insurance Protection To Protect Yourself From Financial Hardship

It is just like other insurances which is used to protect your financial losses which have occurred to your vehicle. It is, insurance that can pay for accidental/no accidental damage happened to your purchased vehicle.Well!!!!! Buying insurance is more about buying a promise of someone, who assures you to regain your whole again if something wrong happen to your purchase.The Automobile is one of the largest investments you make in your life. Just imagine a world without auto insurance. The at-fault driver would have to pay some amount to the accident victim for pain or damage out of their pocket. And the people who are injured at no fault are entitled to have their car repaired, medical bills from resulting injuries and other injury-related expenses paid by the insurance of the person who ...

23Sep

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Health

Are You Ready to Rethink Major Medical Insurance Costs?

If you believe you are paying too much for health insurance or if you are currently uninsured, it might be time to shop around. Most major health insurance plans cost a lot. Then, you end up paying for benefits you do not use, and high deductibles and co-pays make it difficult for your plan to pay you any benefits at all. Something needs to change. Maybe you should try fixed indemnity hospital insurance or minimum essential coverage.A fixed indemnity hospital insurance plan pays pre-set dollar amounts for specific health care services. The benefits you receive for health care service is the same regardless of where you receive your care or how much your provider charges. This makes you a consumer because you will need to shop around to find providers that offer the best prices. Some plans ...

22Sep

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Medical Billing

Have Insurance For Your Medical Needs

Medical insurance has emerged as the need of the hour. The advantage of having insurance can be succinctly summarized into, 'takes care of your medical bills.' In case of emergencies or even in regular situations, people may require medical care. Sometimes it's affordable but how about when it's not? Well, you will most definitely end up in a very sticky situation that requires monetary help. With medical insurance or a health insurance plan, you'll never have to worry about that kind of situation and consequently, save a life!The need of insurance has increased considerably over the last few years. Factors such as an increase in cost of living, inflation, medical expenses and various other factors can be attributed to this reason. insurance can serve the need of taking care of your medica...

22Sep

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Health

2018 Medicare Terms and Changes

Medicare is available for those age 65 and older who are US citizens or legal permanent residents. In addition, either you or your spouse must have worked for 10 years (40 quarters). Some individuals under age 65 can also qualify for Medicare coverage if they have certain disabilities and meet the guidelines.The government provides Medicare Parts A & B.Part AMost people do not pay a premium for Part A that covers inpatient care in hospitals, skilled nursing facility care, home health care and hospice care stays, because when you worked, you paid into the system. There is a deductible of about $1,316.00 and co-insurance after 60 days.Part BThis is medical insurance that covers doctors and other health care provider visits, outpatient care, home health care, durable medical equipment, and so...

22Sep

By OwnershipNo Comments

Auto Insurance

Why Comparing Car Insurance Is Important

Comparing car insurance policies online while buying a new policy or renewing an existing one is an absolute must task. If you care about your car and money which we are sure you do, then you should definitely do your homework before buying your car insurance. With the presence of multiple insurance providers, buying car insurance may be more confusing than convenient for you. The easiest way to get the best deal for your car insurance is by comparing it. You should compare car insurance due to the following factors:Save on Premium RatesEvery insurance company has a different pricing policy and different base plans because of which your final insurance quote will look different from different insurers. This not only depends on the name, age and model of your car, but also on the various co...