Author Archives: Admin

Suspending your policy can be beneficial in instances of financial hardship or an extended trip overseas; provided your health fund allows it, this period does not count towards your maximum of 1,094 absence days. Active and retired federal workers paying both an FEHB premium and commercial Medicare Advantage premium can save significant money by opting […]

Uber and Lyft both offer commercial insurance policies to their drivers that vary by state. In New York for instance, coverage depends on whether or not their personal vehicle possesses comprehensive and collision coverage. Rideshare insurance can be added onto a personal auto policy as an endorsement rather than as a standalone commercial policy, providing […]

Many tenants assume their landlord’s building insurance covers their belongings, eliminating the need for extra coverage on personal items. But in truth, their landlord’s policy only protects against structures; not belongings. An essential renters policy typically covers personal property, liability for specific incidents and additional living expenses incurred due to fire. Property Damage Renters often […]

GAP insurance (Guaranteed Auto Protection or GAP for short) covers the difference between what you still owe on your loan or lease agreement and the actual worth of your vehicle after an accident or total loss, providing financial relief that usually covers many expenses. Gap coverage may be required by loan or lease agreements, and […]

An HSA (health savings account) allows you to save tax-free money and use it to reimburse yourself for qualified medical expenses. See IRS Publication 502 for details of eligible expenses. Combining an HSA with a high-deductible health plan (HDHP) offers three distinct advantages, such as tax savings, medical reimbursements and providing a financial foundation to […]

When an accident happens, it’s essential that it be reported immediately in order to prevent miscommunication between parties involved and allow your insurance provider to assess damages accurately, so you receive all the compensation due. The specific deadline depends on your state and insurer, but most car insurers require policyholders to report accidents “promptly”. Please […]

Costco Health Insurance Marketplace provides business owners with numerous plans that will protect their employees, but some plans have coverage restrictions or exclusions that should be reviewed carefully in order to avoid surprises. Costco sells health, car, home and life insurance policies that offer competitive premiums and deductibles at competitive prices, both online and in […]

Cancelling your Progressive insurance policy needn’t be a stressful or unpleasant process. Just be prepared for any potential fees that could arise. People choose to cancel their policies for various reasons. Some reasons could include finding better rates, significant life events and unsatisfactory service; other considerations could include bundling home and auto policies or taking […]

Homeowners and renters insurance usually provides protection from fire damage up to the limits of their policy, minus any deductible amount. Structures on your property that aren’t attached directly to your home may also be covered under other structures coverage (like detached garages and sheds) while personal belongings will typically be reimbursed either at actual […]

Life insurance payouts generally aren’t considered taxable income; however, there may be exceptions. If you sell your whole life insurance policy for cash and its settlement exceeds the cumulative total of all premium payments, a portion of any profit may be subject to taxes. Premiums As with any type of insurance policy, life insurance premiums […]