The issue of health insurance benefits for state employees has reached a fever pitch in the United States, with many Americans outraged at the perceived injustice of government workers having better benefits – and at taxpayer expense – than many of those taxpayers themselves. Rarely, however, does an elected body choose to lower the cost [...]
February 2012 Insurance Coverage Plus Archives. Helping to provide past Insurance Information that may be important to you.
Most people who purchase a life insurance policy are trying to assure that if the breadwinner in a family dies, his or her income can be replaced by some form of death benefit. According to this logic, there is little need to purchase life insurance for a child since, if that child should die, the [...]
States vary in the types of auto insurance systems they choose to implement. The two main systems in use in the United States are traditional liability insurance and PIP (Personal Injury Protection) insurance. In a liability system, if driver A causes an injury to driver B, the insurance that the first driver maintains will pay [...]
With the ‘graying of America’ due to the baby boom generation entering their retirement years, a growing number of consumers are faced with the challenge of paying for the long-term care they may need in the future. One way for Americans both young and old to safeguard their financial interests is to purchase a long-term [...]
Savvy home insurance customers know that one key to low rates is only buying the coverage that is truly necessary and appropriate. Contrary to popular belief, the homeowner’s insurance needs of a first-time buyer may be quite different from the needs of an empty nester or a well-established homeowner with a large family still under [...]
The details about what health insurance policies do and do not cover has consistently made the news during the early weeks of February thanks to an ongoing public discussion about the availability of contraceptive care for women. ObamaCare, the president’s landmark health care legislation, will require many employers across the nation to purchase policies for [...]
The average American most likely believes that he or she is paying too much for car insurance, but the simple truth of the matter is that many Americans do not take the various steps that could help them lower their auto insurance premiums. The situation in the state of Texas is a case in point. [...]
Due to ObamaCare, the landmark health insurance law passed early in Obama’s presidency, many Americans are accustomed to thinking of health insurance as a national matter. In fact, however, states can also set and implement their own policies with regard to insurance for those residing within their borders. This is the case with Massachusetts, which [...]
The average American is used to the idea that a landlord might place restrictions on the types of pets allowed to live in the building. Most people who purchase their own home, however, believe that their choice of pet is nobody else’s business. That, however, may not be the case. Homeowners insurance companies sometimes have [...]
Like all types of insurance policies, life insurance pays a benefit when a certain event cues it. Unlike all other kinds of insurance, however, this event will definitely happen at some point. You may not ever experience a theft of your home’s contents or a devastating fire, but as the old adage insists, there is [...]
ATPA, otherwise known as the Michigan Automobile Theft Prevention Authority, has released its annual report for 2011, detailing that the rate of vehicle thefts in the state experienced a steep decline during the 2010 calendar year. Compared to the year before, thefts were down almost 9.5%. This is excellent news for car owners in Michigan, [...]
How much does the average American spend on insurance? The answer might surprise you. According to industry research, average Americans end up devoting more than 5% of their income to insurance policies – and some people spend about double that proportion of their income. The figure includes many different kinds of insurance, to be sure, [...]
With the winter season beginning to wind down and spring right around the corner, now is a good time for homeowners across the nation to reassess their possible need for a specialized form of homeowners insurance: flood insurance. Contrary to popular perception, the standard homeowners insurance policy does not cover water damage that is the [...]
Like all businesses, life insurance companies are in the marketplace in order to turn a profit. This is true even though the business model of such firms touches upon the sensitive issues of life and death. In order for life insurance firms to operate, however, they must continue to be solvent. This means they must [...]
President Obama’s landmark health insurance legislation was designed to allow Americans to purchase affordable policies that would deliver quality medical care. New research, however, suggests that at least 75% of Americans who are currently uninsured live in areas of the nation that have not yet developed adequate plans to implement the law. This is a [...]
California has a history of micromanaging issues in the state through the use of the initiative process, which routes a limited amount of lawmaking power directly into the hands of voters. In 1988, voters in California decided that car insurance companies operating in the state would not be allowed to charge customers higher rates merely [...]
Senior citizens and others approaching that phase of their lives frequently wonder if they should continue to maintain their life insurance policies. Those who do not possess life insurance at all may wonder if they should go ahead and purchase such a policy. According to James Miles, who works for the Society of Actuaries as [...]
