Umbrella insurance is meant to shield consumers from charges that go beyond what their traditional insurance covers. In auto coverage, an umbrella plan will kick in after a traditional liability or comprehensive insurance plan stops paying. For example, if youre in an accident and are found to be at fault, the insurance you have will pay for the charges up to the limit that you have placed on the policy. A $15,000 liability policy will pay for the first $15,000 damages, but if your bill comes to $40,000, youre liable for the remaining $25,000. An umbrella insurance policy will pay that bill, and youll be left in reasonable financial condition.
Umbrella insurance doesnt just cover damages due to car accidents.
11 Jan
Posted by Lucas Falkiner as Cheap Insurance
It is important for people to understand that buying the cheapest auto insurance coverage might not be the best decision that they have ever made. In todays economy, many people have decided to just have minimum liability coverage on their vehicles. The problem is that most of the time, this coverage only comes with $10,000 in coverage for repairs.
This is great if you hit a 1990 Ford Escort but what happens if you hit a driver who is driving an expensive car such as a Mercedes which can cost more than $50,000? In this scenario, your auto insurance company would pay $10,000 to repair or replace the car.
28 Dec
Posted by Lucas Falkiner as Cheap Insurance
Sometimes people find out their medical insurance coverage ends on very short notice. They can find themselves in need of a new health insurance policy right away to avoid a lapse in coverage. The process for obtaining insurance for an individual or family can take a few days or weeks to complete. The short term health insurance plans are available for immediate coverage starting by midnight of the day you complete the application. These plans satisfy many needs but there are things you need to know about this coverage.
Medical plans that you might need to keep for longer might take a little longer to process. The insurance companies sometimes need to get medical records from doctors offices.
Studies have shown that female drivers are more careful than their male counterparts and because of this, there are many opportunities to get low cost auto insurance for women. Women are generally safer on the road, are not involved in as many accidents and receive less speeding tickets than men. However, for many women auto insurance can be more costly than it should be. Its often a daunting task searching for the best policy from auto insurance companies. This does not have to be the case. Some research and background work can reduce your insurance premium considerably. With so many insurance options available, it can be difficult to choose the most appropriate policy that costs as little as possible.
First of all, you should fully understand what type of insurance you really need.
31 Oct
Posted by Lucas Falkiner as Cheap Insurance
This November, Ohio voters will have the opportunity to vote on the federal health insurance mandate. That comes after a coalition group submitted 440,000 petition signatures to put the issue on the ballot. The Ohio Secretary of State certified 426,998 of those signatures, which exceeds the 385,245 needed for a ballot proposal.
The effort, spearheaded by The Ohio Project, will place the Health Care Freedom Amendment before voters. If approved, the amendment would “preserve the freedom of Ohioans to choose their health care and health care coverage.” Specifically, the Constitutional amendment would dispute the ability of the federal government to mandate individual health insurance coverage.
At issue is the 2009 Patient Protection and Affordable Care Act (PPACA).