On a life insurance policy, the insured is the person whose life is being covered. The owner controls the policy and makes decisions about it. Oftentimes, the insured and owner are the same individual. But they can also be different people. So can the insured be the owner of their own life insurance policy? The … Read more
Coinsurance is a common clause in commercial and residential property insurance policies. It requires the policyholder to insure their property to a specified percentage of its replacement value. The most common coinsurance percentage is 80%. So what exactly does 80 coinsurance mean for your property insurance coverage? What is coinsurance? Coinsurance is a provision in … Read more
Moving to Canada is an exciting prospect for many people around the world. With its beautiful landscapes, welcoming society, and abundant opportunities, it’s no wonder that Canada continues to be a top destination for immigrants. However, before you can begin your new life in Canada, there are some important financial considerations to make. Immigrating to … Read more
Dental implants can greatly improve seniors’ quality of life. However, the high cost often deters seniors from getting implants. This leads many to wonder – does Medicare pay for implants for seniors? Unfortunately, original Medicare does not cover routine dental care, including implants. However, seniors have options to get coverage for implants through Medicare Advantage … Read more
Understanding key insurance terms like “allowed amount” and “paid amount” can help you better navigate your health coverage. While these two amounts are related, they have distinct definitions when it comes to how your claim is processed. This article will explain allowed amount versus paid amount, how they impact your out-of-pocket costs, and why you … Read more
When you make an auto insurance claim after an accident or incident, you are responsible for paying the deductible amount before your insurance coverage kicks in. But what if the cost to repair the damage is actually less than your chosen deductible? This situation presents a dilemma. Should you pay the full repair bill yourself … Read more
The rise of managed care in the U.S. healthcare system has transformed how physicians practice medicine. Managed care plans, which integrate healthcare financing and delivery to control costs, havebecome the dominant form of health insurance coverage over the past few decades. This rapid shift has had major implications for physicians’ clinical autonomy, patient relationships, workflow, … Read more
Paying insurance premiums on time is crucial to keeping your policy active and avoiding a lapse in coverage. But life happens, and you may occasionally miss a payment. So how long after the due date can your insurer cancel your policy if you don’t pay? The answer depends on a few key factors: The type … Read more
Accepting a higher deductible on your insurance policy is one of the most effective ways to reduce your premium costs. But what exactly is a deductible, and how much can you save by raising it? This article will explain everything you need to know about insurance deductibles, including how they work, what factors determine the … Read more
Adding a driver to your State Farm auto insurance policy can increase your premium, but the amount will depend on several factors. Here’s what you need to know about how adding a driver impacts your State Farm car insurance rates. Who Needs to Be Listed on Your Policy Any licensed driver who uses your insured … Read more