Input: Why Is Renters Insurance A Good Idea?

Output: Because without it you are putting yourself and your family at a potentially great financial risk in the event of an accident . An accident in your apartment that leaves a guest injured and medical bills , loss of work , etc. . If you are deemed responsible and you do n't have renter insurance then you and your family will have to foot the bill . Your building experiences a fire and everything is lost and you do n't have renters insurance then you will have to come up with the money to find another place to live and the money to replace all of your personal belongings . Contact a local agent to discuss coverage options and pricing within your area .


Input: How Much Life Insurance Should A Husband Have?

Output: If the household relies on both of you as wage earners , then both of you need life insurance . One major factor to consider is annual salary . You should get at least 3 - 5 times this number . Other things to consider is amount of debt -LRB- mortgage , credit , loans etc. -RRB- , children 's college tuition and any attained assets currently owned . All these things among others should be considered when figuring out how much life insurance should be purchased for the wage earner . This is why it is very important to speak to an Agent about purchasing Life Insurance .


Input: How Much Life Insurance Should A Husband Have?

Output: If a household has two wage earners and their household budget relies on both incomes then both need to be covered . That being said , a husband annual earning tied to as inflation rate of 3 % is the most important defensive planning part of determining the amount of life insurance . Calculating his life expectancy based on family history and current health projections can create a baseline for planning purposes . Second to that are the family mortgage and all other debts . Third , future obligations like the childrens education and weddings . Fourth , covering all final medical expenses and funeral costs . We can determine how much life insurance you need .


Input: How Much Life Insurance Should A Husband Have?

Output: The amount of life insurance is dependent upon the amount of love he has for his family . If the husband were removed from the family what would be the difference in financial terms ? How much money will it take to ease the family through the trauma of loss and see them onto the future that he envisioned for each one of them ?


Input: How Much Life Insurance Should A Husband Have?

Output: The amount of life insurance a husband should have depends on the income of the husband , whether there are children , the age of the husband and his family , and whether he is the only breadwinner . If his goal is to put the children through college , pay off a mortgage , and provide enough income that his wife can stay home with the children , it will take a much higher face amount than the husband in his 50 's with a wife working in a high income occupation and no children at home . You might want to look at some life insurance calculators to help you determine your specific recommended amount , or call an agent to discuss this . It does not take long to figure out what face amount is best for each family , and is a decision that will impact your family for the rest of your life .


Input: How Much Life Insurance Should A Husband Have?

Output: It all depends on what he wants the insurance for . Husbands tend to have a lot that their income is dependent on -LRB- household , family , college dreams for children , etc -RRB- and as such the loss of his income can have devastating effects on a family . The amount of insurance he should have will depend on how much he currently earns and how much he has the potential to contribute to the continuation of the dreams for his family . I would suggest that both Husband and wife sit down with an Insurance Professional and come to a dollar amount of coverage they feel they would need to adequately fulfill their family wishes .


Input: Can I Get Medicare If I Have Never Worked?

Output: You can get Medicare if you have never worked if : 1 -RRB- You are a US citizen , have lived in the US for at least 5 continuous years , take both Medicare A and B , and pay the appropriate premium for Medicare Part A -LRB- up to $ 441/month in 2013 -RRB- ; or 2 -RRB- You are the spouse of a an eligible worker who is at least age 62 -LRB- for Part A ; you can enroll in Part B before your eligible spouse turns age 62 -RRB- ; 3 -RRB- Miscellaneous other circumstances .


Input: Can I Get Medicare If I Have Never Worked?

Output: You can get Medicare if you have never worked or paid any Social Security taxes . If you are married or was married for at least 10 years before death or divorce occurred you may be able to get Medicare through your spouse or former spouse . You would have to check with Social Security to see if you could qualify through a spouse . If you can not qualify through a spouse you can purchase Medicare and the premium for Part A is $ 411 per month and $ 121.80 for Part B .


Input: Do damages caused by weather void an auto deductible?

Output: That is a great question ! Unfortunately , I do not have a great answer for you . The deductible part of your insurance policy is designed to help lower the cost of that insurance by sharing the expense of repairs . The higher the amount you pay , typically the lower the cost of the policy . Unfortunately , the cause of the repairs is not a factor in having to pay your deductible . Whether it was your fault , their fault , or no one 's fault , per your policy contract , you are obligated to pay the deductible . I 'm sorry , but that is just how it works . Thanks for asking , though !


Input: Do damages caused by weather void an auto deductible?

Output: Weather damage - counts under your comprehensive coverage line and it does n't void your deductible . The deductible still applies , sorry ! However , in some states , like mine , Florida , there is a legislative mandate that vehicle glass coverage have a ZERO deductible . The glass is free regardless of what you policy deductible is .


Input: Do damages caused by weather void an auto deductible?

Output: Policy design considers all sorts of losses . While some appear beyond the control of the policyholder , they are still treated in the same manner . Weather can contribute to a loss but that is factored into the design of the policy and development of the premium charge . Weather is often the cause of comprehensive losses . The deductibles still apply when adjusting a claim .


Input: Do damages caused by weather void an auto deductible?

Output: I am afraid not . If your car is damaged as a result of a covered peril , the settlement of your claim will include the application of our deductible . Now , if for example high winds caused a branch to break off from a tree and it landed on your windshield and destroyed it , if you have a `` Full Glass Benefit '' on your policy , then the replacement of that windshield will be settled without the application of the Comprehensive deductible .


Input: What Is Private Disability Insurance?

Output: Private Disability Insurance is Disability Insurance that is purchased privately vs being supplied by the insured person 's employer in a group policy . Persons who are self employed , or who do not have group Disability Insurance because their employer does not offer it , are most likely to buy private Disability Insurance .


Input: How Long Does It Take To Receive Auto Insurance Money?

Output: If the question refers to a refund most insurance carriers refund within a week but some do take longer . If the question refers to a loss on a vehicle such as a total loss , the monies will not be sent out until the claim is settled between the insurance company and the insured . This would mean the insured has relinquished the title over to the insurance company . After all signed documents and title are received the checks are almostimmanentlyissued in most cases . If the question is in relation to a subrogation or return of a deductible this is dependent on the 3rd party or the insurance company whoultimatelyhad to pay out . In this case I have seen this drag out for months and in worst casescenariosyears . Always talk to your local agent to find out the process on any of these situations .


Input: How Long Can I Carry My Child On My Health Insurance?

Output: The ACA will expand dependent coverage to individuals through their 26th birthday . Simply put until one reaches the age of 27 . They do not have to be listed as dependents in any other area to occupy this status on the health insurance policy , and may not be dependent on the individual for any reason -LRB- aside from the health insurance -RRB- . After the age of 27 individuals who require special consideration -LRB- mental/physical that prevents them from being able to live indepedently -RRB- will be the primary focus with regard to any further extention .


Input: Why Are Home Insurance Rates Increasing?

Output: In California home insurance rates do not appear to be increasing . The reason that insurance rates increase is that claims and expenses are higher than premium income . At that point the insurance company petitions the insurance commissioner for a rate increase . In some states that is a laborious process as the commissioner is obliged to protect the interests of the citizens . Once the commissioner approves a rate change , the homeowners rate increases or decreases .


Input: How Much Can I Expect To Pay For Homeowners Insurance?

Output: That depends on your home 's value , your geographic area , the amount of personal property that you have and other factors . I have seen homeowners policies as low as $ 500/yr and the sky 's the limit on the high end . Contact your local agent to get pricing within your area . A quote cost nothing but a little of your time , but can save you a lifetime of financial burden .


Input: How Much Can I Expect To Pay For Homeowners Insurance?

Output: Home insurance is based on many factors including your `` insurance based credit score '' , what state you reside , location to perils like hurricanes , prior claims history , type of home -LRB- brick or frame -RRB- , your deductible , year built and the age of the homes roof and furnace/air conditioning system . Typically , you save between 20-25 % when you combine home and auto with the same company . Call your local independent agent so they can shop multiple carriers at once saving you time and money .


Input: How Long Can You Remain On Your Parents Auto Insurance?

Output: Depending on your state laws but in Montana as longs as you are living in the same household you need to be listed on the policy as a driver . When a policy gets issued most carriers the applications clearly states have you listed all drivers in the household or child who has regular access to the auto listed on the policy . The other oprion would be you be excluded from your parents policy but then if you do happen to drive their auto there is no coverage .


Input: How Long Can You Remain On Your Parents Auto Insurance?

Output: Based on my education and experience within the industry so far , as long as a child resides at the same address as their parents the child typically can be part of the same auto insurance policy that the parents have . In fact any blood relative living in the same household can typically be part of the same auto policy with almost all carriers .


Input: What Is The Least Expensive Health Insurance Plan?

Output: If you can tell me what your medical charges will be for the coming year , I could answer your question . Premium is not the indicator of what is least expensive . Coverage is so important . If you have a procedure and your plan offers limited coverage while another plan offers full coverage , you will quickly understand that the lower premium was not cheaper .


Input: What Is The Least Expensive Health Insurance Plan?

Output: Good question but think about it we need to ask ourselves a few questions before we go cheap sometimes cheap is good we all need to be good stewards of our money so the questions we should ask if answered honestly will be an indicator . Do I eat good healthy food ? Do I drink alcohol ? Do I work out at least 20 minutes 2 times a week ? How is my spiritual life ? Then we can decide which policy fits my need it can be fairly cheap but you must answer the questions and have a good consultant that cares about you not the money the money will come when we serve the people .


Input: What Are The Best Annuities For Retirement?

Output: A feature that makes annuities a valuable retirement vehicle is their option that offers a guaranteed income that you can not outlive . Many annuities offer an income rider that pays out a specified income as long as you live . The amount of income is guaranteed from the time you start the annuity . Annuities are the best way to guarantee that you will not outlive your savings , which is a concern of many retirees today . The `` best '' annuity will depend upon your unique circumstances , but the guaranteed income makes the annuity a truly special vehicle .


Input: What Are The Best Annuities For Retirement?

Output: The first step in product selection of an annuity is establishing your risk tolerance profile and purchasing product accordingly . The second , specific to this question , is should the retirement account be qualified or a non-qualified retirement account . And lastly , how many years until you retire ? The younger you are the more time you have and may be able to take on risk . The answers to these questions will determine whether you select annuities with fixed interest rates , indexed rates or separate sub accounts using equities and/or bond instruments . If your effective tax liability is low , consider non-qualified retirement plan . If youre effective tax liability is high , consider a qualified retirement plan , especial if your employer matched the contributions .


Input: What To Know When Looking For Home Insurance?

Output: Start by talking to your Insurance Professional who will be able to guide you through the process . Look for a company that is well established with a solid financial reputation . A reconstruction analysis should be completed in order to help you understand the recommended amount of coverage . Choose a deductible that best suits your needs , most policies these days here in CT are being written with a $ 1000 minimum deductible . Be sure that the policy provides for a reconstruction guarantee on the house and replacement for personal property . Next , I recommend choosing at least a $ 300,000 liability amount . Ask about discounts and policy credits .


Input: Can You Borrow Against A Life Insurance Policy?

Output: If you have permanent cash value life insurance , you have the potential to accumulate cash tax deferred . Taking out policy loans may be restricted by surrender charges and most contracts charge interest for the loan . There are five differing loan provisions represented in cash value policies : zero net cost loans , wash loans , spread loans , direct recognition loans and participating loans .


Input: What Do I Need To Know About Term Life Insurance?

Output: If you are considering term insurance please ask yourself these questions . How old am I ? If I buy 20 year term now how old will I be when I have to buy another policy ? Does it meet your needs to buy term life considering the objective of the policy ? The purpose of term has always been to allow the purchaser to invest the difference between the cost of term life and permanent coverage . How much are you `` investing '' now ? Every policy you have means you are paying `` administrative costs '' for that policy . What if you have one good size permanent policy purchased at your current age to meet all your life insurance needs or can you buy a term life and then be able to meet your financial objectives and not have to buy another life insurance policy ? Finally , you need to have a personal advisor that puts your needs first and has the integrity to make recommendations based on your TOTAL financial plan and not some life insurance agent pedaling life insurance


Input: What Do I Need To Know About Term Life Insurance?

Output: Term covers you for the period you sign up for , so long as you continue to pay it . It builds no equity , and is like renting a home rather than buying . It is good for starting out but you want to try to build to Whole Life if you possibly can . Even a little of both would be better , but remember , some life insurance , either Term or Whole is better than none . I would love to discuss your options with you . New York Life , America 's oldest , largest and highest rated life insurer has a large variety of life policies , and has recently reduced the pricing on its term life policies .


Input: What Do I Need To Know About Term Life Insurance?

Output: What do you need to know about term life insurance ? You need to know that : 1 -RRB- Unless you have some type of rider stating otherwise , term life insurance will jump way up in price at the end of the term , and go up in price annually after that . Or it will end at the end of the term . 2 -RRB- Most term life insurance will stay the same premium during the entire term , and the death benefit will stay the same for the entire term . But you need to ask your agent to make sure you are buying a guaranteed level premium , and a guaranteed level death benefit , to be sure . 3 -RRB- There is no cash value in term life insurance . Only ROP -LRB- return of premium -RRB- term will pay back a substantial cash value if you keep it enough years , and are alive at the end of the term . 4 -RRB- If you miss a payment more than two months , your term policy will end . There is no cash value in it to pay the premium , so it is very important to keep up your payments with term life insurance . 5 -RRB- Many term policies are convertible to permanent insurance for at least part of the term period . If you convert your term policy , you must convert it to the policy or policies stipulated by the life insurance company at that point in time . These policies may or may not have lifetime guarantees , but will be UL or WL . The rate will be based on your age at the time of conversion . There are no health requirements ; your permanent policy will be rated similarly to what your term policy was rated .


Input: Is Vanguard Star Fund A Roth IRA?

Output: Vanguard Star Fund is neither a Roth IRA or just an IRA . Consider this , you have a cup . This cup represents the IRA or Roth IRA which has rules that must be followed according to the IRS . In this cup , you can put anything . An annuity , a mutual fund including the Star Fund . Unless you make the funds qualified or if they come from qualified accounts such as a 401 -LRB- k -RRB- , they are not considered a Roth or Traditional IRA .


Input: Will Renters Insurance Cover Items Stolen From My Car?

Output: Typically a renters insurance policy will provide up to ten percent of the policy value to cover personal items of the insured that are off premise less the policy deductible . Please read your policy policy completely to understand the coverage provided and any exclusions that may be contained within or contact your local agent to go over the policy with you .


Input: How Much Is Life Insurance For A Baby?

Output: The upper end of cost could be anything depending on amount and health . The lowest I have seen is zero . At least one company will give a small child rider at no cost on a parent or grandparent 's policy . Many child riders fall in the range of $ 20,000 for for about $ 8 . per month . However that covers all minor children . So if you have 4 children your per child cost would be $ 2 . Coverage usually stays in force as long as the base plan does up to the child 's age 25 . And is convertible to five time the original amount . with no evidence of good health . This can be a very important feature . Individual plans run a very wide range based on the type and amount . Recently we wrote a child with a lung disease $ 25,000 of whole life at about $ 20 per month and a 17 year old $ 250,000 term for about $ 14 per month . So the answer is , $ 0 to a lot . Best to talk to an independent agent .


Input: How Much Is Life Insurance For A Baby?

Output: It is very hard to say `` how much '' is life insurance on a child . There are certain factors that need to be known before an accurate answer can be given . Before any life insurance is taken out on a child the parents of the child should be covered first not just the child . But , to address the question at hand as best as possible I will give a scenario : Male 1 year old , 100K Indexed Universal Life policy with American General is $ 426 a year with an estimated cash value of $ 675,000 at age 67 . This is just an illustration and not to be taken as written in stone . There are numerous factors that are involved when designing a policy with different variables and companies .


Input: How Much Is Life Insurance For A Baby?

Output: I am actually working on these policies right now for a few clients . They are choosing an amount they want to spend per year , and committing that to a policy for their children . The basic objective is to accumulate an attractive amount of money that could then be distributed as supplemental retirement income later on in the kids lives . Since this money will grow over literally decades , enough can be grown so that the yearly income can be substantial . We are kind of backing into the face amount once we decide on the yearly contribution and on how much money we would like to let the children take out of the policy when the time is right . So , like anything else , you get what you pay for it . You can go high or low on the funding , and high or low on the face amount . It all depends on what role you want life insurance to play in wealth accumulation for your children . Why not go for it ?!


Input: Can You Be Dropped From Group Health Insurance?

Output: Yes , but not just because someone in the front office feels like picking on you that day . There would have to be some change in your eligibility status or what the company 's policy is to trigger such an event . For example , you had your working hours reduced below 30 hours per week and this puts you below both your employer 's and the Federal government 's definition of what a full-time eligible employee is -LRB- 30 or more hours per week defines a person as full-time for benefits eligibility under ObamaCare -RRB- . This could trigger your still being an employee but no longer being eligible for their group health insurance plan . If you are responsible for paying a portion of your health insurance premium -LRB- and most employees are these days -RRB- and for some reason you are unable to pay your share of the premium -LRB- usually hard to do since these payments are generally taken out on a payroll deduction basis -RRB- then you could be terminated for non-payment of premium . Of course , if your employer decides to terminate their group health insurance plan entirely and you are dropped from coverage because a group plan no longer exists at your workplace you are obviously dropped . Though usually even small employers will try to give advance notice and employers -LRB- especially larger ones -RRB- are required to give a certain amount of advance notice of a plan change or termination . But you ca n't be dropped from your employer 's coverage in an arbitrary manner while still an employee meeting all the eligibility requirements set forth under your employer 's personnel policies and state and Federal laws . For example , you could n't be terminated from the health insurance plan simply because your were running up a lot of expenses for your cancer treatment .


Input: Which Life Insurance Is Best In Oregon?

Output: Years ago , when I was new in the business , a long-time agent told me the best life insurance policy was one that was in force at the time of death . I thought he was trying to be funny but . over the years , I have had more than a few previous life clients die ... andtheirout of force policy had no value . Lesson : Sell what the person needs AND can afford , today and tomorrow .


Input: Which Life Insurance Is Best In Oregon?

Output: When you are looking for life insurance in Oregon , the best life insurance is the one that has your best rate , is appropriate for your needs , and is from a highly rated company . There is no one life insurance company or product that fits that bill for everyone . To find your best quote , use a reliable agency to help you weed out the the bad options and let you choose from some good options for you .


Input: Which Life Insurance Is Best In Oregon?

Output: Yes , I too agree with Peggy . It just depends on your needs and other personal factors such as health condition and reason for seeking life insurance . Based on these and other factors , finding the right policy will ensure you get the plan that will be right for you . I would recommend working with an Independent agent so you can have options .


Input: Why Are Annuity Rates Falling?

Output: The reason annuity rates are falling as you say is simply because interest rates are at historically low rates . Fixed Annuities are tied to the interest rates , and while they do n't necessarily keep pace with the treasury and the national prime rate they do eventually come in line . Obviously since interest rates are very low currently they are bound to go up . As that happens we will see a rise in the rates annuities pay . Variable annuities are tied to the stock market or a particular index depending on the annuity . As a result they can have a much greater return than fixed annuities , however they are also at high risk when the markets take a dive .


Input: Why Are Annuity Rates Falling?

Output: That is a great question ! Most annuities are linked to bond markets and interest rates on those bonds . The insurance industry is the largest purchaser of industrial and Government bonds , so their fortunes often rise or fall on the interest rates associated with those bonds . As long as the Fed keeps interest rates low , you will see your rates fall . I hope that helps , thanks for asking !


Input: Can A Person Opt Out Of Medicare?

Output: Once enrolled , you can only opt out of Medicare Part A if you also disenroll from Social Security , a fact affirmed bu a government ruling in 2012 when five senior citizens , including HOuse Majority Leader Dick Armey , asked to be disqualified from the system . The final ruling indicated that , while it is possible for someone to simply decline to utilize their Part A coverage , they can not disenroll , as it could potential harm the integrity of the entire Medicare system . If you are paying a premium for Medicare Part B or D , you can opt out of those plans , at certain times of the year . However , if you do chose to do so , you could incur a penalty if you ever wanted to re-enroll for in these plans later .


Input: Is Renters Insurance Worth Getting?

Output: Is Renters Insurance worth the cost ? It depends . If you live a hand to mouth existence with absolutely no disposable income , then I cant justify the cost of the insurance if it means you cut back on food . But if you can spare $ 200 a year , I think it would be foolish to pass up the opportunity to create a financial safety net that would help you replace all your clothes , all your electronics , your food , dishes , linens , bedding , etc. with brand new stuff in the event a fire took it all away . And there is more to the policy than just protecting your contents . Bottom line ? If you can buy it , you should buy it . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com


Input: When Does Medicare Pay For Glasses?

Output: Medicare does n't pay for glasses . In short , you will need to secure coverage under a separate vision insurance plan to receive benefits for glasses , contacts , and other routine services . Part B can provide coverage for some preventive and diagnostic eye exams for people at high-risk of certain conditions -LRB- e.g. diagnosing retinopathy in diabetics or mascular degeneration for age-related conditions -RRB- . You can check out the medicare.gov website for more specific information regarding condition/risk requirements for Medicare to pay benefits .


Input: How To Get Disability Insurance For Pregnancy?

Output: To get Disability Insurance to cover normal pregnancy , you need Short Term Disability . Most people get this type of policy paid for through their work , or are offered a group short term policy that they can pay for on their own . If purchasing an individual short term disability policy , you must apply for it before you are pregnant . Long term disability insurance will cover pregnancy that involves complications .


Input: How Much Do You Get From Disability Insurance?

Output: Most disability plans are set up to pay 60 % of gross pay but some plans can go higher depending on your age and occupation . Long term disability plans usually have a Social Security offset so the amount you receive from the policy may be less than 60 % but when added to SS your total monthly should be 60 % of gross .


Input: What Does A Medicare Wellness Exam Include?

Output: 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 .


Input: What Does A Medicare Wellness Exam Include?

Output: A Medicare wellness exam can take place every 12 months . It includes filling out a health care questionnaire ; a review of your medical and family history ; developing or updating your list of health care providers ; height , weight , blood pressure , etc ; detection of cognitive problems ; personalized health advice ; and preventative screening and services according to a set schedule .


Input: Does Disability Insurance Cover Bed Rest?

Output: Short Term Disability Insurance will often cover bed rest for pregnancy . Contact your employer to see what the provisions are for your particular plan , as they will vary from one plan to the next . If you have a private Short Term Disability policy , contact your agent or the company through which you purchased it for those specific details .


Input: What Different Types Of Life Insurance Are There?

Output: There is annual renewable and guaranteed level term life insurance . Permanent life insurance has two actuarial policy platforms : participating whole life insurance and current assumption universal life . Universal life has three basic crediting methods : interest rate , index and separate equity/bond sub account performance . The life insurance spreadsheets from the brokerage community are an excellent starting place to explore the life insurance company that best suits your financial profile , risk tolerance and economic goals . The spreadsheets are divided into two macro categories : Term Life Insurance and Permanent Life Insurance .


Input: What Different Types Of Life Insurance Are There?

Output: The two main types of life insurance are Term and Permanent . Subtypes under Term include Return of Premium -LRB- ROP -RRB- Term that returns all the premiums if the insured person outlives the number of years in the Term policy . It includes hybrid policies that are a combination of Term and Accidental Death , or Term and Universal Life . The premiums for Term policies jump very high after a set number of years . Subtypes under Permanent life insurance include Whole Life , Universal Life , Indexed products and Variable products . When funded properly , these will be in effect upon death at any age . Permanent policies can have a guaranteed premium but not all permanent policies are guaranteed not to lapse at a level premium . They also have more choices of payment , such as single premium policies -LRB- paid for with a lump sum -RRB- or limited pay policies -LRB- paid in fewer years than if one paid the premium for life -RRB- .


Input: Does The Irs Consider A 401k A Retirement Plan?

Output: The IRS is looks to regulatory legislation like ERISA , the Employee Retirement Income Security Act of 1974 for guidance on qualified defined benefit and contributions plans . A 401 -LRB- k -RRB- is a employer spoored qualified defined contribution plan under ERISA , so the IRS recognizes the tax destructibility and tax deferral of 401 -LRB- k -RRB- contributions .


Input: Can I Add My Spouse To My Health Insurance?

Output: Your spouse can be added to your health insurance policy or you can have a separate policy issued if it makes financial sense . Keep in mind that Open Enrollment is active for only a few months per year . Unless you have a qualified life event , if your spouse is uninsured , he/she may have to either wait for the next Open Enrollment period to buy coverage , or simply apply for a short-term plan -LRB- which is typically very inexpensive -RRB- . Consulting an experienced broker would help you understand the best options and find the lowest rates . That 's our job !


Input: Can I Add My Spouse To My Health Insurance?

Output: In many circumstances , yes . If you just married , contact your HR department or your insurance company and let them know about your change in status within 90 days and they will provide you with the forms to add him . If he just lost coverage , make sure to get a letter with this information and again provide it to the proper people . If you do n't qualify for a special enrollment period though , you will have to wait until the next open enrollment period . If you receive your insurance through work , ask them when this is . If you have individual insurance , the open enrollment period begins November 15


Input: Can I Add My Spouse To My Health Insurance?

Output: You can add your spouse to your health insurance . You can do this at initial enrollment or open enrollment . Other than those two times , you must have a `` qualifying event '' to add your spouse . Some of these would be marriage , birth of a child , adoption of a child or involuntary loss of coverage like loss of a job that provided health benefits .


Input: How Much Does Basic Auto Insurance Cost?

Output: Great question . Basic car insurance cost can very on the type of car you drive , your age , your driving record . But a basic policy can range between $ 30 - $ 60a month . Keep in mind if can also have an effect on the compay you decide to go with on the rate .


Input: How Much Does Basic Auto Insurance Cost?

Output: The term basic is relative to the person asking the question . Your rate for basic insurance which I would consider to be liability only coverage and at your state minimum levels at this time can be as low as $ 30/mo . Your rates depend on your driving record , geographical area , and your credit history , among other factors . Please contact a local agent to discuss your needs .


Input: Why Should You Have A Retirement Plan?

Output: Retirement planning is paying yourself . Disciplined despots into a retirement plan from every paycheck , no matter how small can help you develop a habit that you 'll appreciate when you retire . You only need to look to the baby boomer generation and their under funded retirement accounts to give you a glimpse into your future . How you save today will determine your lifestyle in retirement .


Input: When Was Health Insurance Invented?

Output: Health insurance in the US developed in the early 20th century . The first recognized health insurance program came from Bayor University . Up until the 1960 's the majority of Americans who had health insurance were only covered for hospital expenses , and were not covered for Doctors services rendered outside of a hospital . The 1970 's became a decade where medical science had advanced to the point where fewer individuals required hospitalization , people were recieving effective treatments from their doctors before their health conditions compounded . This was when health insurance that covered hospital and office visits to their doctor became standard ...


Input: How Do You Choose The Best Life Insurance Company?

Output: That is a great question , and one that I am asked often ! It 's tough to know which company is best , because insurance is a misunderstood and often scary deal . There are 810 bazillion companies to choose from , and rates are all over the board . Here 's what I always advise . Find an independent agent -LRB- one not tied to a specific brand name -RRB- that you trust . They will help you look at financially stable , well rated companies with good reputations . They will walk you though the different types of policies , and help you find the company that will offer you the best policy for you . I hope that helps , contact me if you 'd like to discuss it further , and thank you for asking !


Input: How To Purchase Medicare Insurance?

Output: Being a broker , I 'd say the best way to buy Medicare is by using a broker . Actually , you 'll get Part A & B from the government . But drug coverage as well as supplemental coverage is purchased separately . I suggest using a broker to purchase any type of insurance for this reason . Insurance is quite involved - and there are a lot of moving parts . You can learn 100 % about Medicare , but probably only 2 % relates to you . The other 98 % is exceptions or situations that do n't relate to you . A broker will ask you a few questions so you only have to deal with the 2 % that relates to you .


Input: How To Purchase Medicare Insurance?

Output: In short , You can enroll for Medicare Part A and Part B through the social security administration -LRB- most people enroll online at their website , ssa.gov , but you can also enroll at your local ssa office -RRB- . Medicare Part A is your hospital insurance and part B is your physician insurance . Part A is premium-free for most people . Part B requires a monthly premium -LRB- $ 104.90 for 2014 - may be higher for persons with higher incomes -RRB- . The deductible for Part A in 2014 is $ 1,216 - Part B 's deductible is $ 147 . You 're also generally responsible for about 20 % of the healthcare expenses that are incurred - Medicare only covers approximately 80 % of the costs . You may want to consider buying a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- to cover the other 20 % . Medigap plans -LRB- commonly known as Medicare supplement plans -RRB- work with Original Medicare -LRB- Parts A & B -RRB- to fill the `` gaps '' that it does n't cover . Original Medicare covers about 80 % of your healthcare expenses . A Medigap plan can cover a portion or all of the other 20 % , depending on which one you get . That 's a BIG pro . You also are n't restricted to networks , you do n't need referrals to see specialists , any doctor that accepts Medicare will accept the Medigap plan , you can apply for a different plan at any point throughout the year -LRB- if you want a different carrier or different benefits -RRB- , and they are guaranteed renewable ! The only con is that it typically costs more than an Advantage plan . Please feel free to contact me if I can be of further assistance . Thanks very much .


Input: Does AARP Have Group Health Insurance?

Output: AARP is not an insurer . They are an organization that sells their name and logo to insurance companies . I do not believe that any insurance company that offers group health through employers does it using the AARP logo . With the health care reform it is less likely that any company would add that logo because they all have to operate on tighter margins . Paying for the AARP logo adds cost to the product and adds no benefit . If you are searching for group health insurance for your employees , you should call a health insurance broker and let him quote you several brands of insurance .


Input: When Exactly Does Health Insurance Coverage End When You Leave A Job?

Output: Group coverage ends a month after your employment terminates . You have the option to go on COBRA for up to 18 months . When you go on COBRA , you have the same coverage as you had before - the drawback is you 're paying 102 % of the premium -LRB- meaning you 're paying your portion , the employer portion , plus an additional 2 % in premiums -RRB- . Under the Affordable Care Act , the loss of other group coverage can grant you a special enrollment period -LRB- a window to purchase a health plan outside of the annual enrollment period -RRB- to apply for a new plan . The metal plans in the marketplace can offer competitive premium and benefits compared to the premiums for going on COBRA . The advantage of an individual plan is that it goes with you regardless of who the employer is . With group coverage , the premiums can be less , but you lose the coverage if you leave the company . If you have any questions about health insurance or would like help with your coverage , send me a message by clicking on the `` contact me '' button . You can also visit my website , TermInsuranceBrokers.com , for additional information regarding health plans .


Input: When Exactly Does Health Insurance Coverage End When You Leave A Job?

Output: This is a question you must ask of your employer or your employer 's HR department as the date of the termination of group health insurance coverage can vary depending upon the personnel policies of an employer . In today 's world the most common answer would indeed be that you will remain covered under your employer 's group plan through the end of the month . This is usually a reflection of the fact that most employees are contributing towards their health insurance coverage . However , there are still employer groups whose policy is to terminate coverage on the date that employment ends -LRB- though this is increasingly rare -RRB- . Any employee who is resigning or being terminated from their job should ask for a clear answer as to how long their coverage under the group 's existing health plan will continue . This is especially true of people who work for small businesses that do n't have a Human Resources department , personnel policies such as we are discussing here often get established as a consequence of implementing the group 's health insurance for the first time and it may be years later that your event is occurring and the original office administrator may have long since left themselves and the business owner may not recall what they said they wanted their policy to be in this regard . I have seen this scenario occur many tines .


Input: When Exactly Does Health Insurance Coverage End When You Leave A Job?

Output: A group plan will end one month after termination of employment . You 'll then have the option to go on COBRA Consolidated Omnibus Budget Reconciliation Act for up to 18 months . The upside to COBRA is you 'll have the same benefits as you 're used to having while employed and all your existing conditions will be covered . The downside is that it 's commonly very expensive . Without the employer portion you 'll be responsible for the full premium + 2 % . That has long been the case for owning individual health insurance . As long as your paying your premiums it does n't matter whom you work for . For more information on COBRA or to shop individual health plans visit www.clminsure.com or call 561-320-2978


Input: Does Disability Insurance Cover Dental?

Output: In general disability insurance does not cover dental work . You are eligible to file a claim if a covered medical condition prevents you from performing the full time duties of your primary occupation . The policy replaces a portion of income , and makes claims payments directly to the insured . If you need dental work you cant submit a claim to disability insurance as you would with dental insurance . Disability insurance will not reimburse dentists for performing procedures . Disability insurance may cover your income loss if your dental problems interfered with your ability to work . This is very rare .


Input: What Is The Best Health Insurance Company?

Output: There is no `` best '' health insurance carrier or plan . This is all an individual choice -LRB- at least for now -RRB- . Some carriers do offer better value and customer service than others , but more times than not the customer complaints are because the policyholder did not understand the type of coverage they bought .


Input: What Is The Best Health Insurance Company?

Output: The best health insurance company is the carrier that gives you the best rates while providing the coverage you need . An experienced broker can shop all of the top-rated companies and present you with affordable choices for covering yourself and any other family members . There is no cost when you use a broker or their website .


Input: Where Can I Get Term Life Insurance As A Recovering Alcoholic?

Output: Our agency and others who cater to `` impaired risk '' life insurance are the best resource for finding life insurance as a recovering alcoholic . By having a number of policies to shop from , you can find one that that will give you the lowest price at this point in your sobriety . Agencies like ours carry policies that are for those who have had treatment in the past year , with a lower price for those who have been out of treatment at least two years , and so on . After 10 years , most recovering alcoholics who have stayed sober during that entire time will have no problem getting a life insurance policy anywhere .


Input: Where Can I Get Term Life Insurance As A Recovering Alcoholic?

Output: Peggy provided a comprehensive answer to your question . One thing I would like to add is this is another situation where working with a local agent can make a world of difference vs. trying to do it on your own on the internet . Good luck in your journey , its tough but you can do it !


Input: What Health Insurance Covers Gastric Bypass?

Output: A gastric bypass is a type of bariatric surgery which many plans will cover if the procedure is determined to be medically necessary by your physician . Some plans may have bariatric surgery included in the coverage and others may have bariatric surgery coverage available as an option to add to the plan . Contact your agent or the carrier directly to see if it would be covered under your plan .


Input: Can HSA Funds Be Used For Medicare Premiums?

Output: If you have accumulated funds in a Health Savings Account when you reach age 65 and become eligible for Medicare you can use these funds to pay the premiums for Medicare Part B coverage , or to pay for a Medicare Advantage plan -LRB- also known as part C -RRB- , and/or for a Medicare Prescription drug plan -LRB- also known as Part D -RRB- . You can also use the funds to cover medical expenses not covered by Medicare such as copays and co-insurance . My understanding is that HSA funds can not be used to pay for MediGap policies .


Input: Should I Buy Private Disability Insurance?

Output: If your employer does not offer disability coverage , and if your family relies on your income , you should buy private disability insurance . The most important type of private DI to have is long term disability insurance . This will pay you cash if you are disabled for months or years , even up to age 65 , if needed .


Input: What Is The Best Medicare Supplement In Florida?

Output: The best Medicare supplement plan -LRB- Medigap -RRB- plan in Florida is the one that fits your own needs and budget . When you consider all Medicare supplement insurance plans with the same letter are identical in every way except the premium , the decision is much easier . Medigap plan F is the most popular , mostly because it is oversold . Far too many agents promote the plan because it is easy to explain . It is also the most expensive plan and the one that pays the highest commission . Just last week I showed a couple in south Georgia how they could save over $ 1700 per year by making a simple change in coverage .


Input: What Is The Best Medicare Supplement In Florida?

Output: In Florida , the best Medicare Supplement -LRB- Medigap -RRB- Plan will depend on your individual needs . Across the United States , Medigap Plans are standardized -LRB- plans have same benefits regardless of insurance carrier -RRB- . Not only can you use your plan benefits in Florida but anywhere in the U.S. as long as the provider accepts Medicare . Plan F is very popular because it covers all Medicare approved charges . But that does not mean it is the best plan for everyone . Plan F is the most expensive plan and Florida 's rates are among the highest in the country , and even though you can use your Medigap Plan outside of the state , you still have to buy the Plan in Florida if it 's where you reside . There are a couple other popular plans with lower premiums if you do n't mind small co-pays , co-insurance or meeting the Part B deductible . As a licensed independent agent in Florida , I can share with you the Plans that are available in your area . Since Medigap Plans are standardized , once you determine which Medicare Supplement insurance benefits you want then the next step is finding the premium that meets your budget . Thank you for reading my response . Please let me know if I can be of further assistance .


Input: Who Are The Largest Long Term Care Insurance Providers?

Output: Here are the impact long term care insurance companies : Genworth , John Hancock , LifeSecure , Mutual of Omaha , MedAmerica and Transamerica . Niche Companies include : Equitable -LRB- STC -RRB- , Aetna -LRB- STC -RRB- , Lincoln -LRB- Linked Benefit -RRB- . There are other long term care insurance companies , but these represent the players . Product suitability is an important item in matching your long term care needs with the right benefits .


Input: What Are The Benefits Of Critical Illness Insurance?

Output: Look at the people you know . How many people do you know who have had a stroke , heart attack , or other critical illness that will affect them the rest of their lives . Critical illness coverage provides funds to pay for deductibles and copays , cost of medication , helps with rehab costs , and helps provide for lost income . If you had a heart attack and could n't work how long would you be able to meet your expenses ?


Input: What Are The Benefits Of Critical Illness Insurance?

Output: The benefits of Critical Illness Insurance are : having a lump sum of money arrive when diagnosed with a critical illness , being able to use that money for the most pressing bills or as you wish , and having an uplifting experience in the midst of a difficult time , to name a few .


Input: How Long Do Renters Insurance Claims Take?

Output: Depending on the circumstances behind the claim and the carrier you claim could be settled as quickly as hours all the way to months or more . Most claims are handled within a couple of days . If you have a concern that a claim is taking longer to process than it should , I would recommend contacting your local agent and discussing the claim with them so that they can contact the claims adjuster on your behalf .


Input: How Long Do Renters Insurance Claims Take?

Output: A claim is a claim to the insurance carrier . Typically there goal is to get the claim settled quickly so that the people affected can get there lives back in order . A claim will typically take anywhere from hours on up depending on the circumstances behind the incident that caused the claim . Insurance carriers do not want claims hanging out there if they can avoid it . It just is n't good for business .


Input: Can An Auto Insurance Company Drop You?

Output: If you provided fraudulent or misleading information during the application process or fail to pay your premiums the carrier may provide notice of cancellation -LRB- typically 15 days notice -RRB- or may provide notice of non-renewal . If you have had any major accidents , tickets , suspensions , pay late , or motor vehicle incidents a carrier may chose to non renew your policy . Please remember every carrier sets it own standards on the risks that it considers acceptable and every state has it own regulations that also guide the carrier on the risks that they must accept .


Input: What Is 401K For?

Output: 401 -LRB- k -RRB- is a part of the Internal Revenues Tax code . It is the part that allows employers to establish defined contribution plans for their employees . In a defined contribution plan each employee has their own account . The employer has the option of contributing to the plan . Usually a selection of investments is available to the employee . The Employee is then responsible to select the investment -LRB- s -RRB- to be used for their account . The employers contribution , if any , is frequently directed by the employer into a certain investment . The 401 -LRB- k -RRB- is rapidly becoming the retirement plan of choice in the USA .


Input: Why Permanent Life Insurance Versus Term?

Output: It depends on the need . Term insurance is ideal for short term protection -LRB- e.g. paying off a mortgage or providing income in the event of an early or unexpected death -RRB- . Permanent insurance is ideal for long-term safety net protection , estate planning , retirement planning . Many people buy both types of coverage - some permanent to protect against the future after other debts are paid off and some term to cover time-limited debts -LRB- such as a mortgage , car , etc. -RRB- . Term insurance provides more bang-for-your-buck up front , but it 's only for a short period . Permanent insurance allows you to pay the same premium for the rest of your life without having to worry about it going up in the future . A brief description of the two types of coverage are as follows : Term life insurance guarantees the premiums will remain fixed for a specific number of years -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- . Once the initial period of premium guarantee expires , the program changes to either annual renewable term insurance with premiums increasing each year -LRB- based on age -RRB- or the premiums remain the same and the death benefit decreases each year -LRB- this structure can be seen on term insurance that is featured on a universal life chassis . There is no cash value build-up in term insurance . Permanent life insurance is designed to provide coverage for the rest of the insured 's life and build cash value . Under a guaranteed universal life -LRB- GUL -RRB- program , the policy can be structured to keep premiums level and provide coverage up to a specified age -LRB- e.g. to age 90 , to age 100 , or even up to age 121 -RRB- under the `` dial down '' process . Whole life features level premiums and death benefits and builds cash value at a faster rate -LRB- participating WL policies may pay dividends that can be used to increase the death benefit or decrease the premiums over time - non-participating WL policies do not feature this ability -RRB- - the trade off between this and guaranteed universal life is that to increase the cash value faster , the premiums will generally be substantially higher . For both GUL and WL , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , GUL policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . I highly recommend consulting with an independent insurance agent/broker to determine what policy benefit structure will best serve your needs , review quotes , and help you through the application and underwriting processes . You can send me a message by clicking on the `` contact me '' button if you would like assistance with your coverage .


Input: Why Permanent Life Insurance Versus Term?

Output: My interpretation of this question is , `` What are the advantages of Permanent Life insurance versus Term ? '' Some features offered by some permanent life insurance policies , that are not offered by most term policies , are as follows . Keep in mind that the policy itself , and how the transaction is carried out , can affect whether these advantages are realized . 1 -RRB- Cash value that can be borrowed from in a tax advantaged way , while still retaining the death benefit . 2 -RRB- Cash value that can be collected if the policy is relinquished . 3 -RRB- Lifelong protection . 4 -RRB- Ability to pay the policy in full in a reduced period of time , so that no more premiums are owed . 5 -RRB- Ability to change the policy to a reduced paid up policy , so that no more premiums are owed . 6 -RRB- Ability to put sums of money into the policy to grow in a tax advantaged way . 7 -RRB- No need to renew the policy . 8 -RRB- Guaranteed level premiums for life . 9 -RRB- Possible collection of dividends or increasing face amount . 10 -RRB- Assurance that the policy will be in effect for funeral , burial , estate transfer , estate taxes , and other needs that are permanent in nature .


Input: Why Permanent Life Insurance Versus Term?

Output: Each type of life insurance has its ' uses . Generally , term insurance is purchase to protect against a premature death . New parents would want as much coverage as affordable but would usually need coverage for a period of time . Permanent coverage is usually more expensive because it is designed to stay in force for the insured 's lifetime . For example , permanent coverage is appropriate for final expenses or to pay estate tax . There are many other uses for each type of coverage . There is no `` one size fits all '' . As a consumer your best bet is to understand your objective and to communicate it clearly to an agent that understands the market .


Input: What Is Fund Value In Life Insurance?

Output: When talking about cash value in life insurance policies it is important to differentiate between the policy value and the surrender value . For example , in a universal life insurance policy the policy value -LRB- or fund value -RRB- would be the accumulated cash value which is earning interest . However , almost all universal life insurance policies have a decreasing surrender charge schedule . This means that if you were to surrender the policy in the early years the surrender charge could reduce most -LRB- or all -RRB- of the value you receive . The value you would receive is called the net surrender value , because it is net of all charges . At some point , say 10 or 20 years down the road , the surrender charges will go away and the policy value will equal the net surrender value . This is part of the reason why cash value life insurance should always be looked at as a long term proposition .


Input: What Is Fund Value In Life Insurance?

Output: The fund value in Life Insurance usually refers to the Cash Value of a permanent Life Insurance policy . It is the amount that could be borrowed from if the policy owner wanted to use those funds for current needs . To find the cash value or fund value , a policy owner can order a current illustration that will show that value .


Input: What Happens With Annuities Upon Death?

Output: Most annuities have a death benefit that is paid out when death occurs . If it is a lifetime pay annuity , the regular payments that were received will end at death . If the payments were to last for a certain number of years , the beneficiary of the annuity will continue to receive those payments until that period of time is ended .


Input: Is Auto Insurance Expensive In North Carolina?

Output: Looking at car insurance rates by state , the 2014 model shows North Carolina as the 6th most competitively priced state for auto insurance premiums . Put another way , North Carolina was 46th out of 51 for most expensive auto rates . The North Carolina Auto Insurance Premium was $ 1060 which was based off of the average of all 855 vehicles surveyed in the study . The only states cheaper were Iowa , Idaho , New Hampshire , Maine and Ohio .


Input: How Do I Qualify For Medicare?

Output: There are several ways to qualify for Medicare . The most obvious is to reach age 65 and have worked ten years during which you paid the Medicare tax . You must reside in the United States or its territories . You can also qualify for Medicare if you are disabled and receiving benefits under Social Security or the Railroad Retirement Board . You can also qualify if you have End Stage Renal Disease -LRB- ESRD -RRB- or Lou Gehrigs disease ALS . If you 're getting disability income from Social Security or the Railroad Retirement Board -LRB- RRB -RRB- , youre eligible for Medicare Part A -LRB- Hospital Insurance -RRB- and Part B -LRB- Medical Insurance -RRB- starting the 25th month you get the benefits . In those cases your enrollment will be automatic . There are exceptions which may apply to you and you should consult with Medicare about your situation . There isnt coverage if you are outside the USA or are in jail or prison .


Input: How Do I Qualify For Medicare?

Output: Most people will enroll in Medicare when they turn 65 . Part A is premium-free for most individuals because you 've been paying FICA taxes during your working life -LRB- you need 40 quarters/10 years of working life to qualify for premium-free Part A -RRB- . Part B requires a monthly premium -LRB- $ 104.90 in 2014 - can be higher for individuals in higher income brackets - figure based on your modified adjusted gross income from your tax return from 2 years prior -RRB- . Some people may be on Medicare before age 65 -LRB- certain requirements must be met such as being on social security disability/have end-stage renal disease and have been receiving benefits for 24 continuous months -RRB- . If you 're still working and have group coverage , you can elect to postpone receiving Part B until you 're ready to come off the group plan . When you 're ready to come off the group coverage , you 'll have a special enrollment period to enroll in Part B . If you do n't do it in this window , you will have to wait until the annual general enrollment period -LRB- January 1-March 1 -RRB- - please note , if enrolling during your general enrollment period , you will have a July 1 effective date . When you first enroll in Part B , you will also trigger a six-month open enrollment period to buy a Medicare supplement plan with NO MEDICAL UNDERWRITING . This is THE BEST time to buy a supplement plan - plan F is the most comprehensive plan .


Input: How Old Can You Be To Be On Your Parents Health Insurance?

Output: Children can remain on their parents ' health insurance plan until they turn 25 . This is remains true even if the child is not a student , does n't live with their parents , or even when they are married . Prior to the Affordable Care Act , the cutoff age for most policies was age 19 or 21 unless the they were enrolled in school . Under the new laws , the child can choose to remain on their parents ' plan until they are age 26 , or get their own insurance . Because many people under 25 have smaller incomes , it can be beneficial for them to visit their state 's exchange website to determine if there would be cost savings by purchasing their own insurance .


Input: Is Health Insurance Subsidized?

Output: Health insurance coverage is subsidized if your income is below specific levels . It is possible that you may qualify for Medicaid or CHIP -LRB- if you are a child -RRB- depending on your household income . In 2014 , federal tax subsidies will subsidize many individuals and families that meet the new Federal guidelines from the Affordable Care Act .


Input: Is Health Insurance Subsidized?

Output: Maybe the question should be - Am I eligible for a health insurance subsidy ? First what is a subsidy and what does it do ? A subsidy is financial assistance that helps you pay for something . It 's not a loan ; you do n't pay it back . There are two kinds of subsidies available from the federal government for individual health insurance plans . The Advanced Premium Tax Credit lowers your monthly health insurance payment , or premium


Input: Is Health Insurance Subsidized?

Output: All Americans will be required to have health insurance , but not all will pay for health insurance . The health care legislation is based on means testing , so the poor wont pay anything and the middle class could have subsidies . Because it is a federal program , all shortfall of the legislation will be paid be federal tax payers , i.e. only half the country . Starting in 2014 Obamacare will be operational . Its success or failure will drive the 2014 midterm elections .


Input: Why Is Homeowners Insurance Important?

Output: When you own a home you assume certain risks . One risk is that you are responsible if anyone is hurt on your property . Another risk is that your home could burn or be destroyed in one of several others ways . Under either scenario you loss might exceed your ability to absorb . Perhaps you have taken a mortgage to buy the house and as soon as it is destroyed you must make full payment . These are a couple of the things that a homeowners insurance policy does . In exchange for a premium , the company agrees to handle lawsuits , and repair and reconstruct your home .


Input: Can A Chiropractor Opt Out Of Medicare?

Output: Chiropractors and other medical providers have the ability to opt out of Medicare as long as they do not need admitting privileges to a hospital that services Medicare and Medicaid patients . If they opt out of Medicare and they treat patients that are on Medicare they are still required to adhere to Medicare fee schedules . There are no advantages for a Chiropractor to opt out of Medicare .


Input: Why Should I Have Life Insurance?

Output: This is a very common question people ask and a good one at that . There are many great uses and protections that life insurance offers . The most common reasons why people buy life insurance are to pay off debts -LRB- e.g. a mortgage , cars , credit card debt , burial expenses , kids ' college educations , etc. -RRB- , estate planning , and/or income replacement in the event the insured dies . People also get life insurance for business purposes as well such as collateral for a business loan from a bank , key-man programs , and buy-sell agreements . The idea of life insurance is to create a ton of cash upon the death of the insured . You protect yourself/your family financially in the event of a catastrophic event by pooling the risk and shifting it to a third party -LRB- the insurance company -RRB- . A great question to think about is `` if I died tomorrow , would my family be financially sound without my income ? '' - For the vast majority of people , the answer would be NO . Not only is determining whether you need life insurance important , but how much coverage do you need and for how long . I always recommend consulting with an experienced broker to help you determine the appropriate benefit structure that 's going to be the most suitable for your needs and your budget and to help you secure it through the right carrier . Please let me know if I can be of further assistance . Thanks very much .


Input: Why Should I Have Life Insurance?

Output: You only need life insurance if you either love someone or owe someone . There are business applications that view a human as a cog in the machine but these are the principle reasons . Premature death is a terrible thing . Who will suffer if your die prematurely ? How else can you ease them through that painful experience ?


Input: Why Should I Have Life Insurance?

Output: That is a great question ! If you are very wealthy and can afford to cover your funeral expenses , leave an income for your surviving spouse , and somehow pass a chunk of your estate tax free to people that you leave behind , you really do n't . Seriously , if that 's not you , and one or more of those things would be difficult , or impossible to do , then life insurance is a good thing for you . If you would like help finding a policy , please feel free to contact me , I 'd be happy to help . Thank you for asking !


Input: Why Should I Have Life Insurance?

Output: There are several reasons to have life insurance . Some of the main reasons are : 1 -RRB- Your family depends upon your income for bills , mortgage , living costs , etc. . . and if you were to die they would not be receiving these funds any more . 2 -RRB- You want to leave some money to your children or another person that ca n't be taken by your creditors after you die . 3 -RRB- You want to leave some money to a charity or organization that you care about . If these or any other reason apply to you , speak to a local insurance broker and they can determine the most cost effective way for you to do this .


Input: Where Do You Buy Life Insurance?

Output: The simple answer to `` Where do you buy life insurance '' is from any life insurance company . However the simple answer is not always the best answer ! The first thing to figure out is `` what are the needs and goals that I want my life insurance to fulfill '' . From that perspective you can then determine the type of insurance - permanent or term - the amount of insurance and how to fund it . Your best bet is to work with an experienced Insurance Adviser / broker who can help you determine your needs and goals , answer your questions about policy benefits and drawbacks , and help you to implement the best policy for you - with the best provider .


Input: Where Do You Buy Life Insurance?

Output: Where do you buy life insurance ? In my state it would be at WEBSITELINK :-RRB- In other states you can find dedicated life agents who can help you find what works for you by showing a variety of plans and options to choose from .


Input: Where Do You Buy Life Insurance?

Output: You should always purchase your life insurance from an independent life agent or life licensed , registered representative , who access wholesale brokerage shops with a huge inventory of life insurance companies . Be advised that proprietary career agents may offer their product line without shopping the inventory of life insurance available through brokerage .


Input: Where Do You Buy Life Insurance?

Output: Most life insurance is purchased through individual agents , although some policies are applied for by mail , over the phone , or entirely online . Contacting an agency where a professional will speak with you increases your chance of being approved at the lowest price . You can find these agencies online or in the Yellow Pages .


Input: Is Long Term Care Insurance Regulated?

Output: All Insurance companies are regulated by the NAIC -LRB- National Association of Insurance Commissioners -RRB- and the State . There are also some Federal Guidelines for Qualified Long Term Care Plans . Insurance Companies plans must be approved by the State Insurance Department before being sold in that State . Any rate changes must also be approved .


Input: Does Home Insurance Cover Driveways?

Output: It may , it really depends on what caused the damage to your driveway in the first place . More than likely though the damage would not be covered . Please remember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that may be contained within .


Input: What Does A Basic Homeowners Insurance Cover?

Output: In most modern Homeowners ' policies , which are sometimes referred to as an `` HO-5 '' form , your home is covered on an `` open peril '' basis . This means that instead of specifically naming what the policy covers , it lists specific coverage exclusions . Some of these would include Earth Movement and Flood for example . Talk to your Insurance Professional about the specific terms and conditions of your policy .


Input: What Does A Basic Homeowners Insurance Cover?

Output: A basic homeowners policy which I think you are referring to a owner occupied dwelling which is a HO3 . This policy covers the replacement cost of the dwelling . It also covers other structures on the premises . It also covers loss of use . Just in case you were to live in hotel while your home in being repaired after a loss . It also covers medical payment . It also covers liability just in case some one is injured on your premises . It also covers your content . Content may be covered as scheduled or unscheduled


Input: Can You Buy Temporary Auto Insurance?

Output: That depends on your definition of temporary . There are a few carriers out there that will allow you to secure coverage on a month to month basis , but most require you to commit to a six month or one year term . If you are looking for coverage because you do not own a vehicle then you should seek Named Non-owner coverage .


Input: Is Yoga Covered By Health Insurance?

Output: Yoga is not covered by health insurance . Some companies may offer a discount program with certain fitness facilities , but would not pay for you to take yoga . I hope the input is helpful - please feel free to contact me with any other questions or if I can be of help with your program . Thanks very much


Input: Is Pneumovax Covered By Medicare Part B?

Output: Yes , pneumovax is covered by Medicare Part B. Pneumococcal shots prevent pneumococcal infections , such as certain types of pneumonia . The immunization is normally only needed once in the patient 's lifetime . Done by a doctor who accepts Medicare assignment , there is no charge for the vaccine or administration of the shot itself .


Input: Would Homeowners Insurance Cover House Shifting?

Output: No . Homeowners insurance will not cover ground movement , shifting or sink holes . Homeowners insurance is designed to cover sudden and accidental losses and shifting occurs over time . This condition is also specifically excluded in most policies . Shifting can become a major problem so I would recommend hiring a structural engineer to assess the situation and provide recommendations to fix the problem .


Input: Does Life Insurance Cover Alcoholism?

Output: That is a great question ! The answer is yes , unless the answer on the application about drinking was falsified , -LRB- generally along the lines of `` have been told they have , been treated for , or prescribed medication for alcohol abuse/dependency or addiction ? '' , or `` been asked to reduce the intake of or discontinue use of drugs or alcohol ? '' -RRB- or the death occurred as a result of a crime committed while under the influence . Many policies will not pay if the death occurs because of criminal activity , and drunk driving would fall under that category . If the death occurs from long term chronic abuse , the policy should pay , but I 'd have your agent confirm that for you . Thanks for asking !


Input: Does Life Insurance Cover Alcoholism?

Output: If you are trying to get a life insurance policy while an alcoholic , it can be done . The price and type of policy you get will depend on the following : 1 -RRB- Whether you are still drinking ; 2 -RRB- whether you have been to treatment ; 3 -RRB- if so , how many times ; 4 -RRB- if so , when was the the last time ; 5 -RRB- do you attend AA or other support groups ; 6 -RRB- do you have any DUI 's or reckless driving charges ; 7 -RRB- is your drivers license suspended ; 8 -RRB- have you been able to hold down a job or show other signs of stability ; 9 -RRB- do you have major health problems associated with your alcoholism ; and 10 -RRB- do you use other drugs . The worst case scenario is that you will need to take a graded policy . The best case scenario is that you have been sober long enough that being an alcoholic will not affect your policy rates too much .


Input: Does Life Insurance Cover Alcoholism?

Output: If you die from alcoholism , yes , it will be covered by life insurance , unless for some reason it was specifically excluded , which would virtually never have been done . Even if you concealed the fact that you were a heavy drinker , it would still be covered after two years . Only suicide is excluded and then only for the first two years . Thank you . GARY LANE .


Input: When Should I Get Term Life Insurance?

Output: The best time to get coverage is obviously the day before we die ! Now , since most of us do n't know when that is or will be , the best decision you can make is to get coverage if you have responsibilities to others . Whether it be for a loan repayment or college education and money for a spouse , make sure this is something you do NOT put off .


Input: When Should I Get Term Life Insurance?

Output: This really depends on your specific situation . However , term insurance cost the least amount when you are young and healthy . Another factor to consider is that generally , the older you get , the more health problems you accumulate . Many clients have health concerns that will not allow them to purchase insurance . Unfortunately , when many clients encounter health issues in their lives it causes them to consider purchasing life insurance . Depending on their specific health situation , they might get coverage but usually at a higher rating .


Input: How To Determine Amount Of Homeowners Insurance Needed?

Output: Adequate home insurance coverage is very important , and the discussion should be had with a professional independent agent . The best way to answer this question is to provide some general information for the primary/main coverage types on the home insurance policy -LRB- please note that each state and company policy coverages and requirements vary . This is why it is important to review in detail with your professional independent agent -RRB- . Dwelling value : this is the coverage limit that protects the structure/dwelling . Ideally , this coverage limit needs to be set at the proper replacement cost valuation . In the event of a total loss -LRB- fire , tornado ... -RRB- , what is the amount of insurance coverage on your dwelling that you would need to get you back in that exact same house?The answer to this question is the dwelling amount coverage limit that your home insurance policy should have . Personal property/contents coverage limit : this is the coverage that provides protection for your personal belongings . It is suggested to take pictures of your belongings -LRB- especially your more valuable items -RRB- as well as have copies of the pictures and any receipts to provide proof of ownership in the event of a claim . Again , like with the dwelling value we discussed above , the question here is what is the value of all of your items in your house ? Or , what would thecost be toget everythingwhat you have now in your house if a fire or tornado destroyed it all?The answer to this question is the personal property contents limit that your home insurance policy should have . Also - please note that if you have a mortgage on your home , most often the lender will require the loan amount or 100 % ofthecalculated structurereplacement value to be the required dwelling coverage amount.This amount can vary , and to ensure that you are getting the coverage protection you need without overinsuring , please review with your local professional independent agent . Liability coverage/medical pay to others : this is about the least-expensive part of a home insurance policy , but it is very important to have . The minimal amount of liability coverage suggested to have for this coverage category is $ 300,000 , although usually the bump up in coverage to the $ 500,000 liability limit is usually very small . And , the medical payments to others coverage should be at $ 5000 . These coverages protect you from injury that an unrelated -LRB- visitor -RRB- sustains while on your property , or that you are deemed to be liabile -LRB- responsible -RRB- for . Please note that these are just a couple of the important insurance coverages that are included on your home insurance . There are many other coverages that might be included with the policy that you choose or there might be other suggested coverages that you can add to your home policy that gives you the extra coverage protection that you need . There is not a general coverage limit or value that is used for determining the proper coverages for your home insurance . Every client is different and so are their needs . Make sure that you review what your needs and coverage requirements are , and let an independent agent create a policy specifically for you and your needs .


Input: Where To Get Health Insurance For Self Employed?

Output: If you 're self-employed , you 're generally getting your health insurance coverage from one of two places , the individual market or your spouse 's group coverage , if available . Individual health plans can be purchased on or off the health insurance exchanges . If you qualify for a subsidy , you would want to look at health insurance ON the exchanges - subsidies can only be used for on-exchange policies .


Input: Where To Get Health Insurance For Self Employed?

Output: Most self employed workers end up purchasing coverage in the individual market . You can sign up for a plan through your state insurance exchange . The open enrollment for plans beginning in 2014 closed on March 31st . You would have to show that you established an account online prior to that date , or had a qualifying life event to get a plan with immediate coverage . Change in employment can be considered a qualifying event . Otherwise , you would have to wait until the next open enrollment in the Fall . You may be able to deduct the premium expenses on line 29 of your 1040 . Consult a tax adviser .


Input: What Is The Elimination Period For Long Term Care Insurance?

Output: The elimination period for Long Term Care Insurance is the number of days you must wait before you can start collecting on the policy . If your claim was preceded by a hospital stay that qualified you for nursing home care paid for my Medicare , you will have 20 `` free '' days in the nursing home , followed by up to 80 days where you pay a co-pay -LRB- currently $ 148/day -RRB- . So an elimination period of at least 30 days may not end up costing you too much out of pocket , anyway , and the longer the elimination period , the lower your Long Term Care Insurance premium .


Input: What Is The Elimination Period For Long Term Care Insurance?

Output: Long term care is a morbidity insurance product . And in general , most morbidity products have elimination periods that must be satisfied before benefits are can be collected . That means there 's a waiting period , i.e. like 90 days as an example before the claim will generate benefits for the policy owner .


Input: How Much Is Car Insurance On A Mercedes Benz?

Output: Every year , make and model of automobile is assigned a specific symbol . The symbols are alphabetical . The symbol tracks the experience the industry and the company have with that particular year , make and model . As you can imagine a manufacturer like Mercedes Benz has a wide variety of symbols . The symbol is but a part of the computation of the premium . The insurance companies in California are restricted to a few criteria to further evaluate the risk . The California insurers will look at the driving record of every driver in the household and will assess points if there are violations present , particularly with the assigned driver . The points based upon a drivers record have a compounding effect because in California a driver with less than two points is considered a good driver and awarded a substantial discount . Another factor that influences the company is the presence of inexperienced drivers . The accident record of the household is also considered closely . Claims for bodily injury receive a great deal of scrutiny . Most points given for accidents or violations remain on the driving record for three years . Racing and DUI convictions remain on the record for ten years . In California the distance you driver your Mercedes Benz each year is also a part of the computation . Services are available to insurance companies that track your mileage every time the vehicle is serviced . These services project you annual mileage and companies use bands of factors to develop the final premium . There are a few additional factors considered such as location where the car is being garaged , and occupation of the drivers in the household , Most automobile insurance is rated by a computer with little additional input from a live underwriter or agent . All of this information is used to compile a premium that the insurance company considers adequate for the risk . If approved by the computer , the agent is authorized to issue the policy and subject to potential additional review , the policy is in force .


Input: How Much Is Car Insurance On A Mercedes Benz?

Output: It is impossible to say what the cost of coverage for a Mercedes Benz would be with the limited amount of information provide here . Auto insurance rates can be as unique as the vehicle and the person seeking coverage . Your auto insurance rates are based on many factors . Some of those factors are : age of the drivers to be covered , the year , make , model of the vehicles to be covered , and the motor vehicle records of the drivers to be covered just to name a few .


Input: Can My Auto Insurance Drop Me?

Output: Yes , but not just because they can . Companies file insurability guidelines with each state 's Insurance Department as well as their pricing grids . These must be approved for use by the Insurance Department and , once that is done , they become the standard b y wich all insureds and prospects are equally evaluated . If as a result of your driving history or claim activity , you end up falling outside of their guidelines , the company may non renew your coverage .


Input: Can My Auto Insurance Drop Me?

Output: Obviously , they can drop you for not paying your premium . In California that is a lengthy process . They can cancel a policy mid-term for cause . That again is a lengthy process . Most of the time the company will refuse to renew a policy when they no longer want to accept the risk of a particular car and household .


Input: Can My Auto Insurance Drop Me?

Output: That is a great question . The answer is you bet , if you 've done something to deserve it . They can not just decide one day to drop you , but if you have given them a good reason , like misrepresentation of facts , or non-payment of your policy , they will drop you like a bad habit . You may also get dropped for committing an intoxicant related felony like vehicular manslaughter . In any event , the only way they will drop you is if you have earned it . Thanks for asking !


Input: Can My Auto Insurance Drop Me?

Output: The simple answer is yes . Car insurance is not guaranteed renewable . Your company can refuse renewal or raise your rates at any time . If you are late with premium payments your company can refuse to reinstate your policy . This type of thing happens when your driving record has more tickets or accidents than the company finds acceptable .


Input: Does Renters Insurance Cover My Roommate?

Output: No , renters insurance is written to cover the personal property of the insured and their immediate family residing with them . Your roommate would be responsible for purchasing their own renters insurance policy to protect their personal items . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Is Disability Income Insurance Tax Deductible?

Output: No , Disability Income insurance is not usually tax deductible . But if you do need to collect on your disability insurance policy during a time of being unable to work , that income from your insurance policy is tax free . This stretches those income dollars at a time when you really need them .


Input: Is Disability Income Insurance Tax Deductible?

Output: The only way disability insurance premiums are tax deductible are an employer purchasing a group plan for the employees . The premiums are deducted by the company and any benefits drawn by the employee are considered taxable income . If you purchase an individual disability insurance plan the premiums are not tax deductible but any benefits drawn would then be tax free .


Input: How To Rollover 401K To Vanguard?

Output: Rolling over your 401 -LRB- k -RRB- to a Vanguard account is all about filling out the proper paperwork . First , Vanguard should give you an application which you will need to fill out . This application identifies who you are , where the money is , the type of account with what funds you are moving this into , and finally , a release allowing Vanguard to go after the funds . The company holding your 401 -LRB- k -RRB- , will most likely have paperwork which you will be required to fill out as well . Talk to your Human Resources to find out what is needed . If you have any questions or are looking for other alternatives , do not hesitate to contact me at your convenience .


Input: How Can I Get Life Insurance Online In Iowa?

Output: To get online life insurance in Iowa , start by going to a website that offers it , input your information , and see what premiums run for different face amounts and term lengths . If you are not sure if that website carries coverage for Iowa , you can use an instant quote engine to see if one comes up when you put in your state . Once you have your quotes , you may be called by that agency , or you can go ahead and call them to firm up your quote . Even though you may do the rest of the process digitally , by fax , or email , it is a good idea to visit personally with a knowledgeable agent so that you do not waste time applying for a policy that you are not qualified to get . A good Case Manager will also help a lot by contacting you throughout the underwriting process , to let you know how things are going . In the end , you will wind up with a policy in Iowa without ever having to leave your home .


Input: Does Renters Insurance Cover Broken Glass Door?

Output: It may . Many renters insurance policies provide some limited coverage for glass breakage less the policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent and ask them to go over the policy with you .


Input: How Do Charitable Annuities Work?

Output: Charitable annuities are traditionally set up by a grantor who gifts a sum of money to a trust established with a charitable organization as the beneficiary . The trustee of the trust then purchases an annuity with the funds and pays the grantor a sum of money based on an amount specified when the gift and trust are established . The grantor receives a tax deduction for the gifted amount and can carry the deduction to future years of the entire deduction reduces income tax liability to zero . Upon the passing of the grantor , any remaining funds in the trust are then given to the charitable organization .


Input: Is Medicare Eligibility A Qualifying Event?

Output: There are several qualifying events that are considered under a health insurance plan . The more common qualifying events are marriage , divorce , death of a spouse , birth of a child , legal separation , change in employment status . If you become eligible for Medicare or Medicaid , either of those are also a qualifying event .


Input: How Many Americans Currently Have Health Insurance?

Output: According to research conducted by the Public Broadcasting Corporation for a series it did on uninsured American 's roughly 44 million Americans do not have health insurance . Based on the current total population of the United States this would mean a little over 85 % of Americans have health insurance coverage .


Input: What Is Better Term Or Permanent Life Insurance?

Output: Remember that life insurance is purchased to cover life 's liabilities . If those liabilities are not ongoing , then term should be considered . If the liabilities are perpetual , then apermanentpolicy is necessary . A few variables to consider here : If you 're under age 50 then you should be able to obtain term lifeinsurancecoverage up to 30 years . Keep in mind that you should purchase a term life insurance policy that allows you to convert topermanentif life ` sexpectationschange . If you 're older than 50 and your obligations are greater than 20 years you may have to purchase apermanentlife insurance policy . Age and length of coverage play an important role in the decision making process on purchasing term orpermanentlife insurance .


Input: What Is Better Term Or Permanent Life Insurance?

Output: It depends on the reason for the insurance . A permanent need should be covered if at all possible by a permanent policy . Final Expenses is an example . Temporary needs can be addressed with term insurance . Mortgage , or debts would be an example . A good experienced agent can help you put together a plan that is right for you .


Input: Is Medicare Automatic At Age 65?

Output: That is a great question ! When the program was designed , it was set up so that all Americans reaching the age of 65 had access to affordable health care . At the time , good health care was something that was priced far out of reach of the average person . It still is . So yes , Medicare is available to just about everyone . Now should people who can afford their healthcare be entitled to a program that was designed for the poor ? That 's a better question , in my opinion . Thanks for asking !


Input: Which Car Insurance Is Best?

Output: The one that provides for all of your coverage needs the best and has the price that you are comfortable with paying . I would tell you to find the best car insurance for you , start with your family and friends ask them about their experiences with carriers and agents in your area . This will help give you a place to start your search .


Input: What Is Considered Long Term Care Insurance?

Output: In general terms , any long term care insurance policy or riders on an annuity or life insurance policy are considered to be coverage against the cost of assisted living at home or nursing home confinement . Long term care insurance is a critical product to mitigate those costs during retirement .


Input: What Is Considered Long Term Care Insurance?

Output: Long Term Care Insurance is an insurance policy that pays for the care you need if you are unable to care for yourself for extended periods of time , or for the rest of your life . It can pay a benefit that goes directly to a nursing home , or it can be a pay a benefit that goes to the insured person to pay for their own care . In the latter , the money can be used to hire someone inside the home , pay for assisted living , nursing home , or arrangements that best suit the Insured .


Input: How Many Days Will Medicare Pay For Hospital Stay?

Output: Original medicare pays as below . However , if you have a Medicare Advantage Plan or Medicare Supplement , it will pick up some or all of these out-of-pocket costs AND may even offer unlimited hospital stay . Days 1-60 : You pay $ 1156 deductible Days 61-90 : You pay $ 289 per day Days 91-150 : You pay $ 578 per lifetime reserve day * * After 90 days , you get an additional 60 days , which are called Reserve Days .


Input: Where Can I Get Cheap Homeowners Insurance?

Output: Cheap insurance is found by carefully selecting a quality insurance agent . That agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Setting appropriate limits is crucial . The real test of value is when you have a claim . If your policy doesnt meet your expectations , you have purchased expensive insurance , regardless of the premium .


Input: Where Can I Get Cheap Homeowners Insurance?

Output: Cheap homeowners insurance rates are found by shopping . Then shopping some more . And then shopping a little bit more . That 's not fun so here 's the best solution : An experienced broker can save you time , money and a lot of frustration . Contact an agent/broker in your area that represents multiple carriers and they will compare the lowest rates available and find you the best offer .


Input: What Is One Unit Of Life Insurance?

Output: I guess a `` Unit '' of life insurance is a term that can have a number of different meanings . The answers given above here by Peggy and Tim , both saying that a `` unit '' is $ 1000 must be accurate , but in the policies I 've read where costs are being analyzed it clearly says , `` per $ 1000 '' etc. . In sales I 've never heard or read of someone referring to 100 units or 500 units of insurance when they mean a $ 100,000 or $ 500,000 policy . I 've always understood a `` unit '' of life insurance to mean a one Million dollar policy . A `` half Unit '' policy would then be a $ 500,000 policy and so on . So when an agent is talking to you about `` one Unit '' of life insurance I 'm relatively sure they mean a $ 1,000,000 policy . `` One Unit '' sounds like just a little thing whereas `` a Million Dollar '' policy sounds like quite a bit to most people !


Input: What Is One Unit Of Life Insurance?

Output: One unit of life insurance is $ 1,000 . The term if often used when adding a child rider to a life insurance policy . If you add a child rider of 10 units , at a cost of $ 8.00 per unit , you are adding a $ 10,000 child rider at a cost of $ 80 per year .


Input: What Is One Unit Of Life Insurance?

Output: In almost all life insurance companies , a unit is referring to $ 1,000 of face amount . This is common in smaller life insurance policies and group life insurance . It is used as an easy method to select your face amount without underwriting . It is also common on additional life insurance riders such as spouse and child riders .


Input: Will Homeowners Insurance Pay For A New Roof?

Output: If you have damage to your roof caused by a coverered peril listed in your Homeowners ' policy , then you will certainly have coverage in order to repair that damaged portion of the roof . Always check with your Insurance Professional and discuss the specific terms and conditions of your policy of course to best understand the coverage as well as the limitations stated in that policy contract . Anycovered loss like that will , of course , be subject to your deductible .