2009-05-15T00:24:16Z

10 How do I Get Cheaper Homeowner's Insurance?

2009-06-04T00:32:04Z

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With thousands of different insurance companies offering varying rates it pays to shop around and compare the premiums on offer.In the past this would have meant trawling through the phone book but fortunately with the advancement of information technology going online and searching through directories and company websites lets you easily compare rates offered by various insurance companies. Usually you just fill out a questionnaire and then wait for the quote to be sent back. Then it is a fact of choosing the cheapest and most compatible quote for you.Look for sites that feature a range of social network contacts like face book and twitter. A good site will put you in direct contact with a professional insurance agent promptly.

2009-06-04T00:32:04Z

2009-05-15T00:20:47Z

9 Next Week I am Going Overseas, Should I Bother with Travel Insurance?

2009-06-04T01:18:59Z

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Most definitely, travel insurance provides protection at a price that is worth what I consider much more. The variables that are outside the control of even the most carefully planned vacation are numerous. The average overseas holiday relies on airlines, health, employment, baggage handlers, family, friends and hotel reservations to name a few.If the trip is not expensive or in a local vicinity then travel insurance is most likely not required, but for the more expensive domestic locations and international travel requiring money, time, and planning saving a few dollars on insurance is not worth the regret or risk.Being in a foreign country can also be completely unfamiliar for a tourist and the local surroundings and trapdoors that can snare tourists unacquainted to it, can prove costly. Insurance provides most importantly, peace of mind and this will make the trip more enjoyable.

2009-06-04T01:20:26Z

2009-05-15T00:18:47Z

8 Can I Please Receive a Summary on Medicare Coverage?

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Firstly Medicare is the Federal health insurance program available to those aged 65 years or older. Some disabled and people with end-of-stage renal disease are also eligible. Enrollment for Medicare should be done as soon as one becomes first eligible, there is a penalty for late enrollments. If you currently have health care and you are eligible for Medicare speak with the benefits administrator about the pros and con of joining Medicare in your situation while still under coverage.The original Medicare Plan is a fee for service plan managed by Federal Government. Many supplies and services are covered but not all your health care costs.The four parts of Medicare are <ul><li> Part A – Hospital Insurance</li> <li> Part B – Medical Insurance</li> <li> Part C – Medical Advantage-The option of receiving benefits of Parts A, B, D through a private health plan (i.e. HMO, PPO)</li> <li>* Part D – Prescription Drug Coverage</li></ul> Most will not pay a premium for Part A; there are monthly premiums for Part B (around $95 a month, those with incomes over $80,000 pays more). There is usually a premium for Part D and those are higher the longer you wait to enroll. Once you have past the first window of eligibility you will have to wait for the annual enrollment period (Nov 15 – Dec 31).Contact Medicare and Medicaid Services Centers for more information or log onto their website at http://www.medicare.gov or call 1-800-MEDICARE (1-800-633-4227).

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2009-05-15T00:15:55Z

7 A Friend Told me of Credit Insurance. What is This?

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This is a policy that insures commercial accounts receivable against nonpayment. This policy will guarantee payment in accord with the terms and conditions of the policy. Also included is merchandise shipped or a service that has been rendered to a customer.The advantage of assuring payment is that it can fortify the company’s balance sheet and enhance borrowing power and aid the business’s potential to grow.

2009-06-04T02:11:33Z

2009-05-15T00:14:28Z

6 I Pay More for my Life Insurance Because I Smoke. Is This Discrimination?

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It is discrimination but unfortunately for you it is justified discrimination not criminal. There are numerous factors that determine how much you pay for your life insurance premium. Insurance actuaries’ assess your age, occupation, health, habits, and your credit report when evaluating your quote. Incidents of premature death in people that smoke are heavily documented by medical journals and records.There is an option though for those willing to quit, insurers will change your status to non-smoker after a period of between 1-5 years.Honesty should be upheld when filling out the application. Answering questions as truthfully as possible will be held in good stead and most insurance companies will ask you to undergo a medical examination as well. The answers will also be compared to your credit and medical records.</p

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2009-05-15T00:12:34Z

5 I heard that some people pay as little as $300 a year for homeowners insurance, Is this possible?

2009-06-04T03:08:05Z

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This is possible if all the factors that determine your homeowners policy combine. Unfortunately this is a highly unlikely scenario. You must have a unblemished credit history, you have never made a previous claim, your home is located in a almost zero crime area free and has no history of natural disaster recorded in its past, and your home is of a low value.Those that have $300 insurance, I would suspect that they have their home undervalued. This is a problem as the homeowner will only be covered for the value stated on their premium. If the house is burned to the ground or unlivable you need a coverage that will replace it in full.The best option might be full coverage with a high deductible. If the worst does happen paying a few thousand dollars is a better than being faced with a bill for a few thousand.

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4 I was Told That I Need Nonstandard Auto Insurance. What is this?

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This is terminology to describe those drivers whose past underwriting experience makes it almost impossible for them to obtain standard or preferred rates of auto insurance.Drivers with serious violations, i.e. D.U.I., numerous accidents, involved in a recent serious accident, or have made numerous claims, may be considered factors in making them “high risk driver’s”.Those drivers that find themselves in the nonstandard market are, inexperienced drivers, drivers of high-powered sports cars, custom built cars, specialized cars and drivers that have lapsed in coverage.Insurance companies specializing in nonstandard auto insurance also attract drivers who are not nonstandard, on the basis that they offer a better deal than others. A portion of the larger insurers own several nonstandard insurance companies themselves.

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2009-05-14T23:05:25Z

3 I Need to Find out What a Health Savings Account is?

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A HSA is a medical savings account that allows you to set aside money for current and future medical expenses tax free. There are conditions on obtaining an account. First of all you must be covered by a high deductible plan, you can’t be a dependent on another’s tax return, and also have no other health insurance.This account can be used to pay for expenses not covered usually like eye glasses, hearing aids etc. All of the expenses paid out of your HSA that are eligible under your high-deductible plan will count towards the deductible. You can make contributions during the year using before tax dollars, earning interest and the end of year balance will rollover, and this enables you to build a reserve for your future health expenses. Funds are kept even when you retire or change plans

2009-06-04T02:01:38Z

2009-05-14T23:03:04Z

2 Can you tell me what is a High-Deductible Health Plan?

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A High-deductible health plan (HDHP) is about being more liable for your medical expenses with the advantage of paying lower premiums. For instance if your deductible is $4,000 and the medical expense is $7,000 then the insurance company will only pay once you have put in the first $4,000, they then will complete the payment.Participating in a HDHP is required for those seeking to obtain a health savings account (HSA) and similar tax advantaged programs. You first must assess if you have the required capital available to cover the deductible if a medical expenses is occurred by yourself or those dependents listed on the policy. You must also be aware that the deductible applies to all medical expenses, so cheaper costs like doctors office visitations and prescriptions will not be covered. There are some plans were preventative care will not count towards meeting the deductible. Most plans include services such as routine office visitation before you have to meet the deductible.

2009-06-04T03:23:48Z

2009-05-14T22:19:41Z

1 Can I receive the COBRA discount if I work at a business with less than 20 employees?

2009-06-04T02:25:29Z

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This is dependent if your state has a “mini-COBRA” law. The law is similar to the customary law but for a shorter period of time in most cases. There has been extensions to the length of the of coverage in some states, completely taking benefit of the nine months of subsides of offer. Oregon, Texas and Vermont have legislation pending to lengthen coverage to at least nine months. States with mini-COBRA laws have always had the nine months, while California, Massachusetts, Connecticut, Minnesota, Nevada, New Hampshire, New Jersey, New York, North and South Dakota continues for up to 36 months. Note that South Dakota premiums increase 150% after 18 months.

2009-06-04T02:25:29Z