imsumit18/insurance_training_data huggingface dataset:
Great question. Generally no, your Homeowners' policy will not cover for anything that is lost. This is referred to as "Mysterious Disappearance" in your policy documents and is usually listed as a specific exclusion. That having been said, you can certainly obtain coverage for such a loss by working with your insurance professional and asking that the item be insured specifically either as a rider which is attached to your Homeowners' policy or as a stand alone separate policy. You will need to provide a current appraisal and the item would be insured to the stated amount on the appraisal. Such riders or separate policies (commonly referred to as "Personal Inland Marine") include much broader coverage than does a standard Homeowners policy and will cover for such a loss.
It depends on your personal situation. I personally like Medigap if you can afford the premiums. With Medigap you will not have to worry about networks, you can go to any doctor that accepts Medicare, and your out of pocket exposure will be much less. Medicare Advantage is a good choice for those with limited funds or those who live in an area where there are strong networks, as long as you do not travel outside the area for extended periods. Medicare Advantage has the Prescription coverage embedded in the plan (in most cases) and can have very low or no premium. A good independent agent who handles both Medigap and Medicare Advantage can help guide you. Make sure the agent handles most of the plans in your area and takes time to ask about your personal situation.
Group health insurance is health insurance policies businesses own and offer coverage under the plan to its employees. The business generally pays for a percentage of the premiums with the employees paying the rest. It's often offered as a means of attracting people to come work from them. Group health insurance quotes are based on the size of your business, the industrys SIC code, age of employees, and average employee health (except in Maryland, which requires no medical underwriting). There are no instant online quotes for group health insurance for these reasons. To get a quote for group coverage, you'll want to contact an experienced health insurance broker because there are a large number of moving parts and details in group plans. Working with an independent broker will allow you to shop for quotes from multiple companies in one place and they can help you review and compare plans to determine which option will be most suitable for your business and its employees. I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.
The majority of landlords require their tenants to have renters insurance with a lease provision. No state law requires renters insurance, aside from a few local laws pertaining to people with certain breeds of dogs who must maintain liability insurance. But it's certainly a good idea to have, because one break-in or fire would devastate you. Renters insurance replaces your property in a matter of days, as opposed to the years you'd have to work to replace one thing at a time as you can afford it.
Long Term Disability Insurance is important because most people do not have enough savings to cover being off of work for over 3 months or more. The benefits of Long Term Disability Insurance can pay until retirement, if you get that type of plan. If someone were to become permanently disabled in their younger to middle age years, that is a lot of years of income coming in. Without that income, many years of living on only Social Security Disability can cause financial devastation to even the wealthiest of families.
Yes, you can be on Medicare while working. Many people do postpone going on Medicare if they're still working because they may have group health insurance available to them through their employer. Self-employed individuals will usually go on Medicare when they turn 65 unless they have group coverage available through their spouse's work. Some may decide to go on Medicare if they're 65 and still working because they want a more predictable health expense structure and/or want to lower their premiums.
For guidance on selecting Renters Insurance call us in the states of AZ,GA,CA, or TX we'll be glad to assist you. renters are often unaware of the discounts available for placing your auto insurance and your renters policy with the same carrier. It is not unusable to see 70% or greater of the cost of the renters policy "paid for " with savings on the auto policy
Typically when looking for a homeowners insurance policy you would look for a replacement cost coverage and at least a 2% automatic increase in that coverage annually as a stating point. Depending on your experiences and area that the premise is in, you may also want other endorsements to provide proper coverage for your needs. Your first step should be to contact a couple of local agents from different carriers within your geographic area to find out what is available. Find someone that you are comfortable with as they will be the first person you contact when you have an issue or question about/with your policy or carrier
Renters Insurance is available from a variety of insurance companies that offer this valuable protection for tenants. It is a form of homeowners insurance for tenants; the policy contract may provide for personal property and personal liability. The coverage is inexpensive and fluctuates depending on coverage amount requested, deductible requested and geographic area. Most recently, the coverage has become most valued by those who have been accused of negligence thereby causing water damage,fire damage, smoke damage and other possible acts of negligence; in this case, the liability portion of the policy will defend the insured and pay out up to the maximum limits afforded by the policy. It is important to note that in some States where the courts have been inundated by law suits regarding tenant issues, all lease contracts are required to include an insurance clause thereby requiring the tenant to provide insurance. We do have a short cut link for those that may seek a quote or wish to buy a policy directly online: WEBSITELINK
Term life policies have the lowest rate because statistically insurance companies pay out death claims for only about 1% of the term life policies. Permanent policies higher cost is because of the much higher death claim percentage to the insurance company..
What is covered under Medigap? Well, it will depend on what plan choice you decide upon. There are different supplements indicated by a letter that provide different levels of coverage to fill in those gaps in your Medicare A and B coverage. You can choose those options that your state allows to be sold in it. There usually are several choices and costs to choose from.
Renters insurance will cover theft of personal property, including your firearms, up to the personal property limit, less deductible. If your firearm is more expensive, or an antique, you may want to consider adding either firearms coverage, or increasing the amount of personal property coverage you have on your policy to ensure it is covered.
It may. If the food spoilage was caused by a covered loss to your home - such as a power failure. Your food loss may be covered up to the dollar amount specified within the policy possibly less your deductible. Please remember every policy is different. Read your policy completely to understand what coverage it provides and what exclusions it may contain.
That is a great question! There were some types of travelers insurances offered in the 1840's that covered you if your train crashed or steamboat sank, but other than that, there really wasn't much until the late 1800's when disability policies became popular. Britain passed a law in the early 1900's that created a "National Health Insurance", and most of Europe kind of adopted similar laws, but we didn't catch on until 1929 when us Texans ( Baylor University Hospital, and some local teachers, I think) created a system of standardized costs for hospital stays. Shortly thereafter came Blue Cross/Blue Shield, and then all kinds of competing companies. The history of insurance is interesting stuff. Thanks for asking!
This is the term used to describe the monthly obligation you pay to have the policy. Think of it in terms of "payment". Premiums will vary on a policy depending on the type of policy it is, the deductible, the co payment, whether you have dental or vision, etc. Most people keep policies longer the more affordable a monthly premium is to their budget.
Original Medicare (Parts A & B) cover some part-time home health services such as physical therapy, skilled nursing care, speech-language pathology servcies, etc. Medicare does not pay for 24 hour home health care however, nor meals delivered to your home, personal care, and homemaker services. Please note, there are a number of conditions that must be met for Medicare to cover your home health care. If you need more than part-time/intermittent home care, Medicare will not cover the expenses. Home health care is very expensive and you can deplete your savings paying for it. For someone wanting 24-hour home health care to be covered by their insurance, they should look into securing a long-term care insurance policy. While long-term care can be an expensive type of insurance to have, you're paying pennies on the dollar if you needed to make a claim on the coverage. There's many moving parts to long-term care insurance. If you're looking to secure this type of coverage, it's most helpful to consult with an experienced broker to help build a policy that will best serve your needs. Please let me know if I can be of further assistance. Thanks very much.
Whole Life or Universal Life Insurance that has a cash value can be considered an asset for Medicaid purposes. You are allowed a final expense policy when going through a Medicaid spend down, so the policy might be able to be designated for that. You have a legal right to convert your Life Insurance into a Long Term Care Benefit Plan, allowing you to keep a reduced face amount and using the cash value to pay for Long Term Care needs. To find out the best way to handle your life insurance policy, be sure to know the Medicaid guidelines for your state and contact a knowledgeable agent to assist you.
Generally married children cannot be on the parents policy. What happens if you try to hide this "material fact" and you have an accident and now you need to file a claim? Usually if you are on your "parents" policy the parent is the "primary" driver and you are a child that just drives your parents car sporadically. If you or your spouse have a vehicle and you have the car financed in your name and your parents are not on the note-can you say Red Flag?
Health insurance came into being to help pay for catastrophic (large) medical claims. Initially health insurance plans only covered inpatient hospital stays. Over time some medical care that could only be handled as an inpatient became available on an outpatient basis. Also, new prescription drugs were developed to treat illness that earlier had been considered incurable. As these new (and quite expensive) drugs came on the market health insurance was expanded to cover outpatient services including Rx, extensive diagnostic testing such as MRI and CT scans and outpatient surgery.
The beneficiary collects from a life insurance policy after the insured person dies. You must obtain a certified death certificate, and contact the insurance company or your agent for a death claim. You fill out the death claim and mail it with the death certificate to the address on the form. They will process it and send you a check for the face amount of the life insurance policy.
Every year, make and model of automobile that a particular company is willing to insure has a symbol that determines the rating factors that are going to be applied. The symbol is the result of company experience and industry experience. If a car has a history of high repair costs it will be assigned a high symbol, regardless of the appearance or name you give the vehicle. Cars with low weight and high horsepower (sports cars) generally have high repair costs and a high symbol. Cars with expensive parts can also be assigned a high symbol.
No one knows yet, what the Medicare premium will be for Part B in 2013. The projection of the average premium for Medicare Part D in 2014 is $31/month, which is just $1/month higher than it has averaged for the past three years. The Medicare Part B premium in 2013 is $104.90/month for those with modest incomes.
The military pension system doesnt meet the standard definitions. It isnt established in the same way a pension plan is established, it isnt funded in the same way either. It most closely resembles deferred compensation. It is taxed like deferred compensation as well.
You cannot get on Medicare before age 65 unless you are on Social Security Disability and have Lou Gehrig's Disease; have been receiving Social Security Disability benefits for 24 months; or you have worked long enough in a federal, state or local government job and meet the requirements of the Social Security Disability program. Some disabled widows and widowers, or divorced disabled persons, may be able to get Medicare under age 65 under some conditions.
If you have paid taxes into the system then enrollment is automatic. You should receive your Medicare card and a packet of information from Medicare shortly before you turn 65 or qualify for Medicare if you are on disability. If you do not receive your card by the time you turn 65 then you need to call your Social Security office or 1-800-MEDICARE.
Typically any licensed driver can operate your vehicle and be protected by your insurance policy, as coverage is vehicle primary. However, some policies have reduced coverage for permissive use, sometimes to the state minimum levels of liability. Make sure you read your policy and/or talk to your agent about your specific coverage and state regulations.
Health insurance will only cover cosmetic surgery if it's medically necessary. If you're getting an elective cosmetic procedure done, you would be responsible for paying the entire cost of the surgery out-of-pocket. Because surgery is very expensive in general, it's always good to talk to your agent/insurance carrier to see if a procedure would be covered.
Yes, you can cash in a universal life policy. Discuss the ramifications of your decision with your agent, first. If you do cash it in, you can roll the cash value over into a new permanent policy without paying taxes on the cash. To cash it in, you call the company through which it was issued.
All listed divers on your policy can operate your vehicles (assuming they are on your policy). Also, if you give permission to another person to drive your vehicle, and they are licensed and in good standing, they should be covered (assuming at-fault state). If another person steals your vehicle, you are covered for the damages they cause, although the insurer will certainly attempt to recover funds from them.
That is an excellent question! Insurance agents do not draw paychecks like normal people. They are paid a portion of what policies they are able to sell, and that amount is called a "commission". The amount of that commission will depend upon the agents' contract with the company, and upon the product that has been sold. There are also small payments made annually called "residuals" that are paid when people keep their policies in force over the years. This income can be very lucrative, if you are a good salesperson, and are very active in your sales work. I hope that helps, thanks for asking!
Term life insurance is sold by agents who work alone from home or in a small office, agencies that employ several to many agents, online agents and agencies, mailers, and some life insurance companies that sell it direct to the consumer online. You can buy Term Life Insurance in many places. The key is to make sure you are medically qualified and getting the best price. To do that, it is best to go through an agent.
The two main types of disability insurance are short term disability, and long term disability insurance. Short term disability insurance pays fairly quickly after a disabling illness or injury occurs, and benefits generally last no longer than two years. Long term disability insurance has a longer waiting period until it pays, usually around 90 days. Then it can last a number of years or all the way to retirement in the event of a disability that continues that long.
The Medicare Wellness Exam occurs after the first 12 months that you have enrolled in Medicare Part B. A Medicare wellness exam includes filling out a risk questionnaire, a review or your medical and family history, developing or updating a list of current providers and prescriptions, height, weight, blood pressure reading, routine measurements, detection of cognitive impairment, personalized health advice, a list of risk factors and treatment options, and setting up a screening schedule.
In order to qualify for Part D the applicant has to be covered by both Part A and Part B coverages and live in the County designated by the Plan. So if someone has a Medicare card that shows they were eligible for both Part A and Part B on 11/1/2013 then they are qualfied to buy a Part D plan
No, the Estate Recovery Act pertains only to Medicaid recipients who were over age 55 and received benefits for a certain period of time, or received certain services paid for by Medicaid (nursing home, prescription drugs, and others). Beginning in Jan, 2010, estate recovery is not allowed for Medicare Savings Expenses paid by the state.
No the FAFSA does not generally count annuities in its calculation for Expected Family Contributions. Though the FAFSA does not include annuities, some colleges and universities use proprietary methods for calculating family contributions which may include annuities and their cash values. These methods generally involve additional forms that ask certain questions not asked by the FAFSA.
The short answer is yes, there are plans available.I recommend contacting an Independent agent who specializes in insurance for seniors.Typically this agent will be able to offer the most options to suit your specific needs. It is time well spent having this conversation to determine your specific needs...
Video Transcript: Today's question is, "How much life insurance do I need?" Well, you need to take all your financial obligations in indebtedness, all your future obligations like college, retirement, other areas that you think that you want to talk about or even charitable intent. You need to take all those totals, plus the loss of income. Because if I'm not there to generate income, what happens to my spouse or my family? I need to be able to generate income for them to live on. So what I'm looking at, all the ideas of "How much do I need?" I want to take all these areas into consideration; financial indebtedness, future obligations, maybe some charitable intent, and to replace the income from the person who's died. Well, that's our consumer question for today. If you have any questions, just submit them to www.insurancelibrary.com.
Like other personal property insurance policies, renters insurance will cover a a rather broad range of possible perils. You will find, however, that in many if not all cases in your state, there are two causes of loss that will be excluded from coverage. The first is damage caused by earth movement, any earth movement. This can include but not be limited to such things as erosion, sink holes and earth quakes. Talk to your insurance professional, however, about having this coverage endorsed onto your policy if you are concerned. The second is damage by Flood. There is no endorsement for this. Flood coverage is only available by purchasing a Flood Insurance policy.
If the cost of auto repairs hasnt increased and damages awarded in lawsuits hasnt increased, auto insurance probably shouldnt increase. Your state insurance commissioner keeps a close eye on insurance cost in your states. He does this for two reasons. The first is to make sure that the public isnt being charged too much and the second is to make sure that the insurance companies are taking in sufficient money to honor all of the promises that they have made. The real cost of automobile insurance is determined when you have a claim. If the policy limit is exceeded and angry people are suing you, you paid too much for your insurance. If your policy had high limits and took care of everything, then you bought cheap insurance. Having to settle a claim out of your own pocket is the most expensive form of insurance that you can purchase. The reason that insurance premiums increase is that the company pays out more than it can afford to pay out. It is a simple balance sheet calculation. When the company finds that they are paying out more in claims than they are receiving in premiums they file with the state insurance commissioner to review and adjust rates in your state. Several things cause the claims experience of a company to increase. It could be that the frequency of claims increases. This could be the result of reduced safety enforcement, poorer road conditions or a variety of other causes. It could be that the severity of claims has increased. This would be the result of an increasing number of accidents turning into lawsuits. It also could be caused by juries making increasingly high awards to those injured in accidents. It also could be the result of increased medical costs in your area. Another factor could be the cost of auto repairs. Materials and parts tend to become more expensive over time and this could affect the claims experience of a company. It is important to note that most companies in the state will feel similar pressure at the same time as those factors affect all the companies. There are moral factors that also come to affect the premiums of auto insurance. When drivers report fewer annual miles than they actually drive, that increases their exposure without increasing the premium for their policy. If people allow other drivers to operate their vehicles without adequate supervision of screening risky drivers could be populating the streets. Even though your state requires that vehicles be insured we all know that some are not and that expense has to be shared somewhere. A frequent abuse is the pizza delivery man who is driving the family sedan. His insurance policy never knew he was doing that and has a risk that hasnt been properly evaluated. There are far more lurid cases but my all-time favorite is the family sedan that has steel tanks welded underneath the body to carry illegal liquor. All these moral issues also affect the premium.
Yes. A trust can be very advantageous depending on the reason for the trust and the type of trust. For example, you can use a Funeral Trust as a way to pre-fund your funeral and protect your life insurance from Medicaid spend down. An experienced agent can look at your individual situation and help determine if a trust would benefit you.
How hard is it to get disability insurance? Well let's qualify it this two ways. First is it hard to get a poor disability policy? No, it's really easy and as long as nothing happens to you, you'll never know if was money wasted or not. If something happens however, that's when you find out. The other choice is a good disability policy with a real solid definition of disability that doesn't find ways to reduce or even take away your benefit. Those will be hard to get, underwritten tightly and work fantastic if needed. Why so hard to get? A payout on a disability policy that has that strong definition could pay out into the millions when a COLA rider is attached to it and with the strong definition, a person could still collect while working in another field. The RISK to the insurer is high, so they underwrite tight.