It is a common practice in the United States for businesses and government agencies to provide some kind of life insurance benefit to their employees. Such a benefit is even standard in some professions, such as a public school teacher. Because of this practice, whole segments of the American population may feel that they already [...]
October 2011 Insurance Coverage Plus Archives. Helping to provide past Insurance Information that may be important to you.
City commissioners of Aventura, Florida are currently promoting the idea that the red light cameras installed in key locations in the city should be leading to lower auto insurance rates for city residents. Insurance industry analysts, however, maintain that the calculation of rates is a complex matter that cannot always take into account local variables [...]
Many Americans are keenly aware of the need for basic or even comprehensive health insurance and understand that adequate coverage can play a key role in safeguarding the stability of family finances. Unfortunately, fewer people in the nation have just as clear an understanding regarding the importance of long-term care insurance, a special form of [...]
The State of Massachusetts has long been a leader in trying innovative approaches in an effort to lower health insurance premiums for its residents. It was this state that provided the model for the health care insurance approach embedded in the Affordable Care Act passed during the presidency of Barack Obama and now known more [...]
Eight years ago, the state of Texas made major changes to their laws that regulate and provide oversight of insurance companies offering home insurance policies. In the years that have since passed, insurance companies in the state have sought to control their costs by eliminating certain kinds of coverage and decreasing others. Coverage Levels on [...]
Most people who purchase a homeowners insurance policy would like it if their coverage carried lower premium payments, but many are unaware that there are a variety of strategies that can prove useful when it comes to arranging for lower rates. Two of the most significant ways in which consumers can save money are through [...]
In the U.S. system of health insurance, states usually have the responsibility for regulation and oversight of the industry. It has long been a point of interest to consumers and economists alike that rate increases for health insurance plans tend to increase at a rate that is significantly higher than the general rate of inflation. [...]
Driving without a license can lead to drastically higher auto insurance premiums, but thanks to a new law signed into law in California, such drivers will be given a slight break when it comes to enforcement of the law. Sobriety Checkpoints and Unlicensed Drivers California, like many states in the nation, runs a comprehensive system [...]
When times are tough, the temptation to economize can be almost overwhelming. In today’s uncertain economy, Americans are increasingly engaging in a variety of strategies for saving money, cutting corners in ways that range from making their own laundry detergent to recycling cans and bottles rather than throwing them away. Most of these measures to [...]
Ever since the passage of Obama Care, officially known as the Affordable Care Act, States have been charged with several responsibilities. One of these is to establish systems by which the State can protect consumers by exercising ‘prior approval’ over health insurance rate increases that are deemed unreasonable. Although the California Department of Insurance has [...]
It is true that each year when deer hunting season rolls around, residents of some states see a marked increase in the incidence of automobile accidents involving these large forest animals. Contrary to popular belief, not all deer-related accidents are actually collisions with deer. Sometimes, an accident results when a driver radically swerves to miss [...]
In tough economic times, people are out to conserve every dollar they can. With insurance, as with everything else, there are both good and bad ways to reduce policy costs. One of the worst things consumers can do is decide to cut back on their insurance policies, possibly even going without them. Though this is [...]
In years past, it was common practice for life insurance policies to include exclusions. An exclusion is a statement on the part of the insurer that the policy benefit will not be paid under certain kinds of circumstances. These circumstances would traditionally revolve around dangerous activities that carried with them some likelihood of death; insurers [...]
In 2008, Michigan voters enacted a medical marijuana law for their state, but they didn’t intend that insurance companies would be forced to foot the bill for the medical marijuana treatment being undergone by a Michigan resident. The voter-enacted law itself purported to take care of this matter by expressly prohibiting health insurance coverage from [...]
Several factors are contributing to increased costs for home insurance policies in states such as Nebraska, with some consumers seeing their annual premiums rise by as much as 17%. One contributing factor is increased costs to insurers in these states. In many cases, wind and hail damage from severe storms is the culprit. Mele Telitz, [...]
