Dogs bring joy to the lives of their owners almost every day. Occasionally, though, some dogs will injure another person or damage the property of others. These circumstances can cause hefty financial damage to those who do not have proper liability insurance that covers their pets.
How to Protect Yourself Financially Insurance can be purchased
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It can be a sobering and painful time when you realize that one of your family members requires some form of senior care. Your choices can seem overwhelming and hard to understand. Home care options are available through home healthcare services, and respite care (adult daycare) options are available for part-time assistance if you are
Your home has suffered serious damage. Perhaps the cause was a fire, flood, storm, burglary, or vandalism. In any case, you believe you are covered, file your insurance claim, only to have it denied.
Your first instinct probably involves cursing your insurance agent at the very least, and we will not even consider the details
Get ready for another round of battles over medical coverage and payment systems between the government, health care providers, and consumers – or is it really just one continuous battle?
The government has been attempting to switch Medicare payments from the traditional fee-for-service format to a plan that compensates health providers based on outcomes. Such
You probably have insured many things – your house, your car, your life, your family… but have you considered insuring your ability to work and earn a living?
Disability insurance pays benefits if you become disabled and incapable of providing the income necessary to take care of yourself and your family. If you do not
If you have had to do battle with an insurance company to settle a straightforward damage claim, you may be surprised to discover some of the odd things that have been covered and paid under an insurance policy. Actually, a few cases are so outrageous you will probably be surprised whether or not you have
Dealing with the aftermath of a home-destroying disaster is bad enough without uncertainty regarding your insurance coverage and replacement costs. A full inventory of your possessions can accelerate the process of sufficiently replacing them and starting the recovery process.
Most of us have a scattering of files and information on our possessions, but not a
MoneyTips Among the most attractive features of the Affordable Care Act (aka Obamacare) are the tax credits that are available to low income families to make health insurance more affordable. If you purchased your health insurance through one of the Exchanges (either Federal or state-based), you qualified for a tax credit or other subsidies if
When you first purchase homeowner’s insurance, you may find that you are paying for a policy with more coverage than your home is currently worth. Is this just a way for the insurance company to extract more money from you? Probably not – your policy may cover replacement value of your home instead of market
The state of Florida is well known for many things — sunshine, beaches, golf courses and Disney World, to name a few. Unfortunately, it is also known for bearing the wrath of one of Mother Nature’s most fearsome and destructive types of storms: hurricanes.
Hurricane Andrew was one of the worst hurricanes to ever hit
Insurance products can be difficult to decipher for those outside the industry, even for the financially savvy. A recent survey commissioned by MoneyTips echoes those results, finding that approximately half the respondents were confused when trying to find the right insurance products to fit their needs.
The survey found that about half of middle-income respondents
If you are one of those people who likes to post on social media about all the things going on in your life, there is at least one event you might want to think twice about before hitting the “post” button: a car accident.
That is because insurance adjusters are increasingly turning to social media
MedPay Car Insurance, otherwise known as Medical Payments coverage, is a common target for people who are trying to reduce their insurance premiums to save money. However, MedPay is one of the better bargains in insurance today in terms of the value you get for the premiums that you pay. A typical cost is between
Insurance is a useful tool to cover risks, if applied wisely. If not, then it is the equivalent of throwing your money away. Even worse than throwing your money away, these frivolous insurance policies can leave you with a false sense of security.
Less useful policies tend to offer very narrow single-purpose coverage, overlap with
You have enough to worry about running your business without the added concerns of your business insurance policy. However, unless you are fortunate enough to have a person or department to focus on insurance coverage, you do need to pay attention to this topic – and even if you do have personnel to help you
Flood insurance is required if you live in an area designated as a potential flood zone by the Federal Emergency Management Agency (FEMA). However, some 20-25% of flood claims come from moderate and low risk areas – not to mention the impact on uninsured people who are affected by floods. How do you determine your
We all know that teenagers are indestructible. If you don’t believe it, just ask them; they’ll tell you.
Unfortunately, their parents know teens are anything but indestructible. A medical emergency for your teenager could happen anywhere. Would your child be prepared if he or she suffered a medical emergency while on a school trip, visiting
When most people think of “disability insurance,” they think of Workers Compensation programs provided by all 50 states. That’s because Workers Comp, as it’s typically called, insures over 130 million Americans today against the risk of workplace injury through premiums paid by both workers and employers. In 2011, the last year for which complete data
Most people tend to lump all insurance carriers together within the “alphabet soup” of insurance types, but there are differences. Consider the areas of Life and Health (L&H) and Property and Casualty (P&C) insurance. Some larger carriers offer both, but most specialize in one form or the other. All of these carriers have the common
Medicare has one important difference when compared to most other health plans – Medicare Parts A and B do not have a cap on out-of pocket costs. These costs can add up quickly, especially for chronic or long-term illnesses. Premiums and most deductible and co-insurance situations are straightforward, but some costs are not. These Medicare
Most people don’t consider earthquake insurance unless they live in earthquake-prone areas, and even then many don’t purchase policies because of high premium costs and deductibles. Some mistakenly believe they are covered under different policies. It’s worth a few minutes of your time to investigate your potential needs for earthquake insurance.
Earthquake insurance is sold
On its surface, a credit card insurance policy seems appealing. For just pennies on every $100 in credit card debt, your debt will be paid if you lose your job, become disabled or die. Sounds great, right? But don’t rush into accepting this form of insurance, as the cost may be too high for the
It’s impossible to avoid advertisements from the largest insurance companies and their iconic “mascots”— from the Geico gecko to the ubiquitous Flo from Progressive, to the Allstate Mayhem Man. You may be wondering: with all that money spent on advertising and sponsorships, are these companies paying more attention to attracting customers than to meeting their
Medical insurance is experiencing tumultuous change with the implementation of the Affordable Care Act (“ObamaCare”). As of January 1, 2014, every American is required to have minimum insurance in force. However, many of us are still uncertain about how to obtain suitable coverage. This article aims to cut through the confusion, to set you on
Long-Term Care insurance is a bit of a misnomer, because its typical coverage duration is two to six years. It is designed to cover disabling situations beyond traditional disability insurance or standard health insurance, usually toward the end of your life.
Most health insurance provides limited — if any — long-term care coverage. And disability
How do insurance companies prepare for large-scale natural disasters like Superstorm Sandy? They mitigate risk through policies they purchase from reinsurance companies — those who insure the insurers. As a result, reinsurers have some of the greatest insight into the effect of natural disasters on insurance, and are on the front lines of driving changes
Along with Social Security, Medicare plays a powerful role in protecting the health and welfare of seniors in the United States. While Social Security provides vital retirement income, Medicare ensures that citizens aged 65 and older receive a reasonable standard of health insurance coverage. Participants in both Social Security and Medicare have earned these benefits
Scheduled property covers items in your home that are not specifically covered as part of your standard homeowner’s insurance policy. While your standard policy will certainly include some basic personal belongings, your policy may set limitations on the amount covered for several broad categories, such as $2,000 for jewelry. Scheduling your property allows you to
Medicaid Basics
Medicaid and CHIP (the Children’s Health Insurance Program) exist to ensure health coverage for low-income Americans. CHIP is designed to cover children of families who have incomes too high to qualify for Medicaid but too low to afford private coverage.
Many people think of Medicaid as being for younger Americans and Medicare for
If you’ve decided to work from home and/or start a small business, and you’ve converted that spare bedroom into a home office, you may be wondering if your current homeowner’s insurance will automatically protect you in case your office equipment is stolen or destroyed. You may also want to know if you’ll be covered for