Fender benders occur every day. While damages are sometimes minor, you may still wonder whether to file an insurance claim as this can negatively impact your rates. Before filing a claim, however, it would be prudent to obtain an estimate for repairs; you might find that their cost comes in close to or under your […]

As part of a Marketplace application, it’s necessary to estimate your estimated household income. Your household typically comprises you, your spouse (if applicable), any tax dependents who require coverage (even those without health needs). To calculate your MAGI, the following factors will need to be used. 1. Estimate Your Income for the Year You Want […]

As long as your health insurance premiums are paid through payroll deduction, they qualify as tax deductible expenses. Please be aware that only certain premiums qualify. Limiting exclusion could reduce work incentives for those who place high value on health coverage, especially those who expect heavy medical use, while it might impact how employers structure […]

Medicare Supplement insurance (commonly referred to as Medigap) is private health insurance designed to supplement Medicare Part A and B costs. There are 10 standard Medicare Supplement plans that each offer the same set of benefits no matter which insurance company sells it. Costing of Medicare Supplement insurance depends on many variables, such as which […]

If you plan on placing your car on hold for any extended period, be sure to talk with your insurance company first. They may have special rules in place that can help avoid coverage gaps and potentially expensive rate hikes. GEICO provides numerous ways to save on car insurance policies. Get your personalized rate quote […]

Insurance policy documents such as cards and declaration pages should always be kept as long as their policies remain active. This is particularly crucial for auto and health policies as law enforcement or hospitals may request to see these documents for verification purposes. Medical explanation of benefits (EOBs) should only be kept until they can […]

Networking is key to becoming an insurance broker. Make an effort to attend community events and utilize platforms like LinkedIn, Twitter and TikTok for effective lead generation. Your next step in setting up a business must be selecting an operating structure. This decision will have an impactful effect on how taxed and whether your personal […]

Value can have a substantial bearing on how much landlord insurance coverage a property requires, with location also playing a part. Landlord insurance covers rental properties against damage caused by tenants and their guests, ranging from structural repairs, loss of rental income protection, to liability protection. Coverage Limits When determining how much landlord insurance coverage […]

Clients of vendors often require Certificates of Insurance as a condition of doing business, which might include additional insured endorsements and waivers of subrogation clauses. An Certificate of Information (COI) summarizes your most essential business insurance details on one page. It details effective and expiration dates, policy number, who is covered, and limits for each […]

Many insurance providers provide car and renters bundle policies at discounted rates to save you hundreds each year. Bundling may not always be the optimal option; to ensure you get the most out of your policy, compare quotes to ensure that it provides adequate protection. In particular, check whether or not your coverage extends to […]