7 Things Your Insurance Company or Agent Won’t Tell You
February 5, 2009
Here’s a list of things your insurance company and agent may fail to explain to you unless you probe them for information. 1) When they say everything is covered, everything isn’t covered. What they mean is everything is covered unless specifically excluded or limited in the policy. 2) If you have any type of large [...]
Home & Auto Insurance Policy Endorsements for Extra Protection
February 4, 2009
A good insurance agent will recommend policy endorsements that will add value to your specific situation regarding your home or automobile. An endorsement is basically a separate policy coverage added on to the original policy form for an additional premium. They are also referred to as policy “riders”. There are many valuable endorsements that are [...]
Insurance Claim Tips for Filing a Property or Auto Claim
January 30, 2009
Filing a homeowner or auto insurance claim can be a frustrating experience. Many times you may not get the maximum amount you should for a claim because you’re scared, complacent, or confused about the filing process. Today I’ll share with you some of what I learned as a former claims adjuster. The first piece of [...]
Insurance Policies 101 – Understanding Insurance Policies and Claims
January 28, 2009
Insurance is one of the financial products bought regularly that most people do not understand. Whether it’s health, life, homeowner’s, or auto insurance, most people buy a policy and file it away without fully reading it. This is one of the major reasons why so many people feel screwed over by insurance companies when it [...]
Year End Insurance Policy Review – Tips for Lowering Rates & Checking Coverage
December 10, 2008
As a former claims adjuster, I know that insurance can be frustrating. You feel like you pay all of this money in premiums and some years you never even make a claim. Then, when you do file a claim, the insurance company hassles you about it. I completely understand, and that is part of the [...]
Disability Insurance – Protecting Your Income If You’re Unable to Work
September 18, 2008
What would happen to a surgeon that lost his hand in a home project accident? What would happen to a construction worker who lost the use of his or her legs? What would happen to a single mother who became ill for an extended period of time and couldn’t work as much as she needed [...]
Health Insurance Plans Offered by Employers – Network Based Managed Care Programs
September 17, 2008
Thanks to a reader named Matt, a health actuary, who shared his feedback on the health insurance for a new job post and takes a look at the network-based managed care programs. PPO: What you described here is actually more like a traditional indemnity plan (which are rare these days). A Preferred Provider Organization actually does [...]
Health Insurance: Planning For Coverage During a Career Change or Job Search
September 16, 2008
Health insurance is the single most important benefit that you must take care of during a job search or career change. Risk of Being Uninsured I have a friend who underwent major surgery about two years ago, and it was during a time that he was transitioning from one job to another. He didn’t elect [...]
Do Married Couples Need to Buy Life Insurance?
September 7, 2008
Death. No one wants to think about, especially a newly married couple. However, thinking about the worse case scenario is an essential trait for maintaining a sound financial plan. There’s no scenario worse than the death of you or your spouse, and that is why you need to prepare for it. When Should You Buy [...]
Student Health Insurance – Finding the Best Health Insurance Rates for College Students
August 15, 2008
Comparing student health insurance rates is not top of the list for most college students when preparing to leave for school. Seeing as how nearly one third of all college age Americans are uninsured, it’s obvious that it can be hard for students to pay for books/tuition plus come up with some money for health [...]
