When purchasing insurance, you’ll often come across the terms “limit of indemnity” and “sum insured.” These sound quite similar, but there are some key differences between the two that are important to understand. Sum Insured The sum insured is the maximum amount the insurance company will pay for a covered loss under a policy. It … Read more
Cal COBRA (California Continuation Benefits Replacement Act) allows you to continue your group health coverage after experiencing a qualifying event like job loss. But does this continuation coverage include dental and vision benefits? The answer depends on your specific situation. An Overview of Cal COBRA Cal COBRA is a California law that provides continuation coverage … Read more
Liberty Mutual’s slogan “Only Pay for What You Need” refers to their customizable home insurance offering. But what exactly does this mean for customers shopping for homeowners coverage? Let’s break down the details behind this popular tagline. Customizing Your Home Insurance Policy The phrase highlights how Liberty Mutual provides customized home insurance policies. Rather than … Read more
When searching for a new dentist, you may find that many don’t accept HMO dental insurance plans. There are several key reasons dentists tend to avoid participating in HMO networks. Understanding these factors can help you make an informed insurance decision. What is HMO Dental Insurance? First, a quick overview of how HMO dental coverage … Read more
When shopping for life insurance, you may come across the terms ‘par’ and ‘non-par’ to describe different policy types. But what do these abbreviations mean and what are the key differences between par and non-par insurance plans? Read on for an in-depth overview comparing participating (par) and non-participating (non-par) life insurance policies. What is a … Read more
If you require mobility assistance at home, you may wonder whether Medicare can cover both a walker and a wheelchair at the same time. Understanding Medicare’s rules for walkers, wheelchairs, and scooters as durable medical equipment can help clarify if simultaneous coverage is possible. Medicare Coverage for Walkers Medicare Part B covers walkers as a … Read more
Insurance policies provide financial protection and security to policyholders in case of unforeseen events or losses. However, under certain circumstances, a policy may be terminated or discontinued before reaching maturity. The two main ways this can happen are through lapse or surrender. While related, these are distinct processes with different implications for the policyholder. What … Read more
Sun Life is one of the largest and most trusted insurance providers in the Philippines and worldwide. As a policyholder, it’s important to understand your responsibilities, including paying your premiums on time. This article will provide an in-depth look at late payments with Sun Life and the potential impacts. Overview of Sun Life Sun Life … Read more
When selecting a health insurance plan, one of the most important decisions is choosing between a low and high deductible PPO. This article provides an in-depth overview of PPO low vs PPO high to help you make the right choice. What is a PPO Health Plan? PPO stands for Preferred Provider Organization. It is a … Read more
Insured Declared Value (IDV) is a key component of car insurance that represents the insurer’s maximum liability in case of total loss or theft. As a car ages, its IDV decreases due to depreciation. This article provides a detailed overview of how IDV decreases annually based on IRDAI’s depreciation schedule. What is IDV in Car … Read more