Insurance tips - Buy an umbrella liability policy to cover insurance gaps in your primary policies
umbrella car or homeowners insurance policies cover lawsuits.
Typically, these policies will provide a base layer of coverage, usually
$300,000 or $500,000 per claim. Then, if you're sued for more than
those limits, an umbrella policy will pay excess amounts up to the
umbrella limit of $1 million or more.The real advantage of an
umbrella... ↪ read more...
Insurance tips - Protect your income with long-term disability insurance
Some employers provide it. However, benefits that you receive while disabled usually are taxable income. So, if the benefit is 60 percent of your salary, you will be lucky to yield 45 percent after taxes.
Unless you can live on that 45 percent, contact your employer. Request that the company include the premiums it pays you for long-term disability... ↪ read more...
Insurance tips - Hire an expert insurance agent or consultant to audit your insurance program
Look for someone to make sure that all the major risks in your life are well-protected – for risks such as major lawsuits, major damage to or destruction of your residence, premature death, long-term disability and, of course, major medical expenses.
An expert can help you identify where the gaps are and recommend custom endorsements to plug those gaps. I... ↪ read more...
Insurance tips - Before choosing a health plan, be sure the doctors are "in network" and you can see specialists without a referral
Less costly plans often don't let you see specialists without a referral from your primary care doctor.
When you are considering plans, don't just choose the cheapest. Pay attention to who is and is not in network. About 90 percent of the time, it probably won't make a difference. But, that 10 percent can be a life-and-death situation.
In Minnesota where... ↪ read more...
Insurance tips - Work with an insurance agent to plan health coverage for your family if dependents aren
If you have dependents covered under your group health insurance plan at work, unless the employer is paying for some of the cost, work with an insurance agent who will help you determine if you can get better coverage for less money on your spouse and/or children. Chances are if you have employer paid group insurance on yourself, you won't be eligible for... ↪ read more...
Insurance tips - Don't buy insurance on an exchange if you don't qualify for a discount
companies that participate in the exchange in most cases offer many
more options for qualified health insurance beyond what they make
available on the exchange. You can go to individual insurance company
websites to see what each company has available. Or, you can have your
agent do that for you. See: Work with a knowledgeable health insurance... ↪ read more...
Insurance tips - Work with a knowledgeable health insurance agent
Eliminate about 80 percent of the difficulties of buying insurance online. A good agent can help you navigate the exchange site, help you determine whether you qualify for a discount and, if you do qualify, help you choose from among the various plan options and even help you enroll. They will be able to answer your questions as they come up. Best of all,... ↪ read more...
Trying to find the right health insurance policy for you and your family is tricky business. The whole point of having insurance is to protect yourself in case of an emergency, but when money is tight, you don't want to pay for coverage you don't need. If this situation sounds familiar, a catastrophic insurance policy might be right for you. In this article,... ↪ read more...
Company Health Insurance Guide
Company health insurance, often called business health insurance, provides employees with private medical insurance either as an optional benefit or as part of their salary.
If you are looking to protect your employees with prompt access to private healthcare or recruit and retain a highly-valued workforce, group medical insurance can provide both to your... ↪ read more...
Renters Insurance and Your New Apartment
You`re on your own! You`ve reached a dream and one of life`s major
milestones - your first apartment! The place is perfect and it`s quickly
becoming your new home.
While getting an apartment is exciting, it`s important you get
protection as well. An often overlooked part of renting an apartment is
making sure your possessions are protected by renters... ↪ read more...
Is your home adequately insured?
A significant percentage of U.S. homeowners do not have adequate property insurance, according to industry statistics.1 If your home were severely damaged or destroyed, would you be able to cover the costs of rebuilding? (Note: Rebuilding a house is often more expensive than new construction.)This page helps explain the importance of an accurate replacement... ↪ read more...