Getting into a car accident can be stressful enough. But when the other driver’s insurance company refuses to pay for your damages and expenses, it can quickly turn into a nightmare. Unfortunately, this scenario is all too common. Insurance companies are for-profit businesses, and some will try to avoid or minimize payouts when possible. So … Read more
Having car insurance can provide peace of mind in the event of an accident or damage to your vehicle. However, most policies come with an excess – the amount you must pay towards any claim before your insurance covers the remaining cost. This excess can sometimes be more than the actual repair bill. So what … Read more
Bankers Standard Insurance Company is indeed part of the Chubb Group of insurance companies. Headquartered in Philadelphia, Bankers Standard has been a Chubb subsidiary since 1998 and is licensed to provide property and casualty insurance across all 50 states and the District of Columbia. Overview of Bankers Standard Insurance Company Bankers Standard Insurance Company was … Read more
A payment of premium provision refers to the section in an insurance policy that outlines the policyholder’s responsibilities and options for paying their insurance premiums to maintain coverage. The provision specifies key details like: When premiums are due How premiums can be paid Grace periods for late payments Consequences for non-payment Understanding the payment of … Read more
Having to replace your roof can be an unexpected and costly home repair. That’s why many homeowners want to know – does Safeco insurance cover roof replacement? The short answer is yes, a Safeco homeowners insurance policy can provide coverage for roof replacement in the event of a covered loss like wind, hail, or other … Read more
Opening up your winter coat to find holes eaten through the wool or discovering your favorite cashmere sweater riddled with tiny holes is disheartening. The damage is likely the work of clothes moths – a pesky pest that can ruin fabrics and textiles around your home. But will your homeowners insurance policy cover the cost … Read more
If you’ve ever filed an insurance claim, you may have wondered – do insurance companies share information about claims with each other? Can details about your claim history impact your rates and coverage with other insurers down the road? The short answer is yes – insurance companies do communicate information about customer claims amongst themselves, … Read more
Paying your insurance premiums on time is crucial to keep your policy active and maintain coverage. Insurance companies provide policyholders several options when it comes to how and when you pay your premiums. Below are the main methods of payment for insurance premiums. Modes of Premium Payment The mode of payment refers to the frequency … Read more
When researching business insurance policies, you may come across terms like “general aggregate” and “umbrella coverage” used in relation to liability protection. But what do these terms actually mean, and are general aggregate and umbrella coverage referring to the same thing? The short answer is no – general aggregate and umbrella are two distinct concepts … Read more
UnitedHealthcare cannot deny coverage for preexisting conditions on most of their major medical health insurance plans. However, there are some exceptions where preexisting conditions may not be covered by UnitedHealthcare plans. What is a Preexisting Condition? A preexisting condition is a medical condition that someone has before enrolling in a new health insurance plan. Some … Read more