Summer is a time for relaxation, fun in the sun, and making unforgettable memories. However, with all the excitement that comes with this season also comes an increased risk of home insurance claims. From pool accidents to storm damage, summer can be a challenging time for homeowners trying to keep their properties safe and secure. […]
Category Archives: Finance Guide
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May
May
If you own a whole life insurance policy, its cash value can be accessed as long as all loans and withdrawals have been repaid in full. There may however be certain restrictions to this access. New York Life financial professionals can assist in helping you determine if this option is suitable for your situation. Premiums […]
21
May
May
Your health insurance premium depends on which plan and service(s) you select, along with premium, deductible, copayments and coinsurance costs. At eHealth, our Health Insurance Price Index Report will give you an idea of the average costs. Premiums Your monthly premium payment for health insurance is the premium, an amount paid in exchange for its […]
21
May
May
Business liability insurance covers damage that your business is responsible for to third-parties. However, this does not extend to injury to employees covered by workers’ compensation insurance or damage to your own property covered by commercial property insurance policies. Cost of business liability insurance varies by industry and location, with businesses in higher-risk industries paying […]
21
May
May
The card gives essential information about you and your coverage to physicians, and helps avoid billing problems. Additionally, it includes details of your insurance provider that could prove invaluable should any issues arise with them later on. If your coverage comprises both Medicare and an employer plan, you’ll likely have multiple cards representing individual aspects […]
20
May
May
An MSA is a special account created to manage medical expenses not covered by Medicare. As its rules and regulations can be complex, injured parties should review CMS’s WCMSA Reference Guide carefully as they work with an administrator to make sure funds are spent accordingly and reported properly. High-deductible health plans (HDHPs) High-deductible health plans […]
20
May
May
Roofs are exposed to severe weather and often neglected during routine maintenance checks; as such, they’re one of the more frequently damaged parts of a home. Luckily, homeowners insurance can cover repair or replacement costs incurred from damage due to storms. However, it’s essential that you read your policy thoroughly to assess if this type […]
20
May
May
Supplemental health insurance provides peace of mind in an uncertain medical climate. This type of policy pays out lump sum payments that help mitigate potential financial risk in specific scenarios like critical illness and accidents. Supplemental policies are meant to supplement, rather than replace, traditional health care plans. With affordable monthly premiums and fixed indemnity […]
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May
May
Basic motorcycle policies typically consist of at least liability coverage, while comprehensive or collision policies could help cover damage to your bike if an accident happens and are at fault. Track day insurance costs extra and usually has age and license type restrictions, with any speeding tickets or motoring offenses increasing your premium accordingly. Liability […]
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May
May
Assuming you gave permission for another person to drive your vehicle, their auto insurance should cover them under liability, personal injury protection and collision coverages. Note that extended family and roommates who will use your vehicle regularly should be included as drivers on your policy, or else they risk being excluded from coverage. Permissive Use […]