The accident numbers for the oldest drivers skew perceptions among auto insurance risk analysts, who tend to characterize the entire population of over-65 drivers as “high increasing risk” This means that drivers between 65 and 75, whose accident rates remain relatively close to drivers in the middle-age categories, subsidize the drivers over 75. (more…)
Perhaps you already chose homeowners insurance coverage to protect your home from damage or even a financial loss in case of injury. Remember that insurance is a service and service only. And as with any other service out there, you should always analyze the insurance market value for money they spend. (more…)
Some people over 60 decide to “self-insure” their lives by giving up their life insurance policy. But let’s assume that you still have life insurance. There are ways to use the money in these policies to pay for your long-term care insurance costs.
There are lots of cases of unfair insurance payment between insurance holder and the insurers. How to settle this issue? If you disagree with the insurance company’s handling of your claim, you can and should take action. In most states, the process of appealing a claim is a series of increasingly confrontational steps: (more…)
In most states, legislation requires rating manuals and rating plans that must be filed for approval by the regulatory authority before they are put into application. Insurers are permitted to cooperate in the gathering and sharing of data for rating purposes in the preparation of these manuals and plans. These rating organizations are licensed and supervised by the individual states. (more…)
How soon you receive benefit payments varies widely with the kind of insurance, the kind of loss, and the laws of the state where you live. For example, insurance companies usually wait at least 30 days before paying out for a stolen car in the hopes that the car will turn up. Life insurance claims can only be paid after the company receives an official death certificate. (more…)
Because senior people are better risks, several big insurance companies make premium discounts available to people smart enough and aggressive enough to ask for them. More and more insurance companies are offering senior insurance discounts like auto insurance discounts, car insurance discounts, health insurance discounts, homeowners insurance discounts, etc. (more…)
A certified appraisal, made by a commercial appraisal company, is undoubtedly the roost accurate and reliable. These companies employ trained specialists whose factual detailed reports eliminate guesswork from the determination of value. Their appraisals are usually supported by detailed descriptions of the buildings, and by lists of equipment and other contents which can lie valuable in providing a Proof of Loss to the insurance company. (more…)
Coverage
Medicaid coverage is broader than Medicare. However, obtaining care can sometimes be more difficult. Medicaid covers prescriptions, nursing home care, home health care, doctor visits, and hospitalization. Some state plans also cover dental care, eye care, hospice care, and therapy. Contact your local agency on aging for information about your state plan. (more…)
Having an insurance is not always synonymous with that for any incident, the insurance company pays for all the damages. There are a number of occurrence specified in the insurance contract where companies can refuse to cover a claim. (more…)