What is SR22 Insurance and How to Get it Done
Anyone you stop in the street at any given time will tell you that something they own is insured. They have an insurance policy and belongings are protected. This has become the norm. And driver’s insurance is no different.
What is Insurance?
It is a way to protect ourselves from a loss financially, and a safety net as it were in the event something unpredictable happened.
This article https://www.investopedia.com/terms/i/insurance.asp will help clear up the information when it comes to understanding insurance and all its components. It can also help you check and see if your policy is up to scratch in the fine print.
Why do we need an Insurance Policy?
Having some form of insurance shows, you are in control and taking charge of managing potential risks in the future. You buy your safety in advance and ensure a roof over your family’s head. You are thinking smart.
Different sectors within insurance policies can be used for taking out a financial plan for your family should anything, touch wood, ever had to happen to you and they have to survive without you. A life policy essentially helps with monthly installments if it came to it.
Having a plan in place and for the future can give you stress-free nights. Knowing you are taking care of your family and you have things covered can bring much peace.
Types of Insurance Policies
- Life Insurance. You will need this cover if you have people who are dependent on you financially.
- Disability Insurance. For in case you were in an accident and became disabled in some way, you would be covered with help and medical aid.
- Health Insurance. Help cover any medical bills, surgeries or appointments.
- Auto Insurance. For unfortunate accidents no matter whose fault it is.
Regular Insurance vs SR22 Insurance
Well, your standard policy is the cover you have taken out for home vehicle or health management. The usual factors that you expect to be covered when taking out your policy, and then some added as you purchase items and the family grows.
The SR22 cover is essentially still the same insurance cover, but for vehicle offenders. This certificate is a way of monitoring your driving behaviors by the state. It is an add on to your existing insurance policy.
If you are looking to or needing an SR22 policy certificate, have a chat with these guys, SR22 Insurance California, they are professional, reliable and happy to help in all situations. Make sure you are aware that having an SR22 means you will pay more for your monthly car insurance than normal.
Cost of SR22
Depending on the state you’re in, they vary in cost ranging from $15 – $25 to file the form.
You cannot get an SR22 without first having car insurance in place.
How long do you Have the SR22?
There is a silver lining to having this certificate, you don’t need to have it forever. They are usually required for 1-5 years depending on the state and the offense. Make sure you know the expiry of the certificate because if you cancel or your car insurance runs out, the state will be notified and you will be liable for penalties.
Once you have completed the period in needing to have an SR22, the offense is deleted from your records and you will be eligible to pay the standard insurance premiums rates again.
3 Reasons why you might need an SR22
- DUI. Either driving under the influence or driving while intoxicated.
- Collision. You were in an accident; it was your fault and you had no insurance.
- Paperwork. Tickets have been handed to you like business cards in a short period.
It’s tough trying to figure out all the terminology and jargon when discussing insurance. If you watch this guide on simplified insurance courses and jot down some notes, you won’t be lost in space when it comes to understanding what’s going on.
I honestly don’t understand half the words on our policy, and I’m hoping my other half knows the rest, so together we can read the full document. But what I do know is that if something were to happen, we have it covered.
5 Signs That You Should Hire an Insurance Lawyer
Riddled with jargon, full of legalities and notoriously difficult to understand, the insurance industry is one steep hill to climb.
If you’re in the middle of a difficult claim that you just can’t seem to overcome or swing your way, it might be time to give up the reins and let a qualified and capable insurance lawyer take it from here.
When you partner with a legal expert skilled in this niche, you’re one step closer to mastering the process, understanding its technicalities and closing your case once and for all.
Today, we’re sharing five signs that it’s time to take this step today.
Ready to learn more? Let’s go.
1. The Insurance Company Isn’t Treating You Fairly
You have all of your required documentation in place. You made the right phone calls at all of the right times. You followed all of the required protocols when filing your claim and you answered every question clearly.
Yet, you’re still waiting. Or, you’re still hearing “no” even when you know your case is solid. Or, you’re being harassed, neglected or otherwise mistreated by the agents on the other end.
If you feel as though you’re being wronged, it’s tempting to take matters into your own hands. Yet, remember who you’re up against. Taking on a powerful agency can be a laborious, time-consuming and often fruitless job. In this case, it’s in your best interest to explain all of the details to an insurance lawyer and let him or her deal directly with the issue instead.
2. You Aren’t Getting Anywhere After an Accident
You were in an accident and it wasn’t your fault. Still, you sustained injuries to your body or damage to your personal property. However, all of your efforts to contact the at-fault party’s insurance company are falling on deaf ears.
Rather than pressing “redial” until your fingers go numb, it’s time to talk to an insurance lawyer, like the ones at Doug Terry Law Firm, and let them spur the insurance company into action. You deserve to be compensated for your suffering and loss, and you shouldn’t have to deal with it while you’re in the middle of trying to recover physically, emotionally or financially.
3. You’re Being Denied Disability Benefits
Is your employer denying you access to short-term or long-term disability benefits even though you’re eligible to receive them? If so, this setback can plunge you straight into a financial crisis at the absolute worst time.
You have two options here. You could appeal internally to the agency, but don’t be surprised if you jump through hoops to obtain the mountains of documents they request and still end up right back where you started.
Or, you could let an insurance lawyer lead you down the path to justice, helping you bypass the intentionally-placed hurdles along the way. Your lawyer will review all of the details surrounding your case and will help you begin your lawsuit as early as possible. This helps you reach a resolution more quickly, easing your financial burden.
4. You’re Feeling Short-Changed
You finally heard back from the insurance agency on your claim. They approved it, but for an amount that’s far lower than what you submitted. Are you supposed to accept it gratefully and walk away, thankful that you even heard back at all?
Absolutely not.
If you’ve taken the time to compile all the documentation for your case and you have a legitimate list of reasons and concrete data that backs up the amount that you feel you’re owed, an insurance lawyer can help you fight for it. You shouldn’t have to settle for less just because you’re up against a bigger entity.
The same applies if you feel that your losses have been undervalued or even over-depreciated. If the numbers don’t line up to you, they likely don’t line up at all.
Find a qualified partner who can review your case, make sure your numbers line up, and work to make sure you’re adequately compensated.
5. You’re Questioning the Adjuster’s Tactics
Did you recently suffer damage to your home due to a storm or another weather event?
If so, your insurance company should have sent an adjuster out to your property to survey the damages. During that time, did you feel as though the assessment was fair and accurate?
If your case comes back and you find details that don’t line up with the truth, let an insurance lawyer know right away. For instance, the adjuster might claim that all or a portion of the damage you incurred was due to a past storm, or another event that isn’t covered under your current policy.
Or, you might simply feel as though the adjuster wasn’t thorough enough during the inspection, missing key details that you thought were important. This isn’t the time to bite your tongue. Speak up and let an insurance lawyer help make sure your voice is heard.
Team Up With a Reliable Insurance Lawyer Today
When it’s you against the ever-powerful insurance company, it can be easy to feel like you’re on the wrong side of the wrong team.
Thankfully, fighting for your rights is as easy as finding a local insurance lawyer you can trust.
When you find the right legal team, you immediately take one major leap in the right direction. So, what are you waiting for? Your financial freedom, dignity, and sanity are all on the line, and it’s time to reclaim them. Do your research, find an expert you feel comfortable with, and resolve your case once and for all.
Want more lifestyle news you can use? Keep checking out our site and drop a bookmark to come back later!
Your Legal Guide to Starting an Insurance Company
If you’re interested in starting a business while helping others, look no further.
Starting an insurance company would allow you to provide others with assistance while earning money. Many people don’t consider insurance companies as businesses, but that’s because they’re supposed to be for the greater good.
When you start an insurance company, you’re giving people a way to pay for things they can’t afford. In return, you’ll earn passive income that will allow you to continue compensating others.
Read on to learn more about how to start your own insurance company.
What Is an Insurance Company?
Insurance companies are designed to provide individuals with a way to pay for hefty expenses. With insurance, one can get a certain amount of coverage depending on how much they’re paying.
For example, an insurance company can provide $15,000 in compensation for an accident if an individual is paying $1500 per year. There are several different types of insurance, and many insurance companies cover several areas.
While many insurance companies are private, a stock insurance company is owned by investors just like most businesses. Stock insurance companies try to earn a profit so that they can continue to grow.
Here are some of the most popular types of insurance:
Vehicle Insurance
Vehicle insurance allows individuals to receive compensation when their vehicle has been damaged in an accident. This type of insurance can also cover damages caused by natural disasters, such as a tree falling on a vehicle.
Home Insurance
Home insurance is designed to protect homeowners from natural disasters and damage caused by someone else. If one’s home has damage that will prevent them from living there, an insurance company will evaluate the damage and give them money to repair it.
Health Insurance
One of the most popular forms of insurance is health insurance. This allows individuals to pay for medications, surgeries, and doctor appointments. Health insurance usually comes in several plans that individuals can pay for depending on what they want to be covered.
Invest In an Office
If you’d like to know how to start an insurance agency, one of the essential things you’ll need is an office. With an office, you’ll have a place where you can communicate with customers and employees can work.
For startup insurance companies, you can get away with getting a smaller office because you won’t need many employees. Your office should be equipped with several computers and phones for employees to use. You’ll also need things like printers and scanners to make documents.
Develop a Business Model
As previously stated, there are several types of insurance in which you can provide. When you start your insurance company, you’ll need to decide what insurance you’ll offer and for how much.
Because your insurance company is new, you won’t be able to offer a plethora of options. As you start offering more policies, you’ll have to hire more employees and ensure you have enough money to compensate.
For a startup insurance agency, you can choose one area to specialize in. For example, you can visit this website to see an insurance company that specializes in business insurance.
Specializing in one area of insurance will allow you to grow your brand and establish yourself in the market. You’ll also need to ensure that you’re charging enough money to earn a profit while retaining customers.
Get Licensed
Depending on which state(s) you want to operate in, you’ll need to get licenses that meet their requirements. You can check the National Insurance Producer Registry (NIPR) to see what licenses you’ll need and the fees associated with them.
No matter where you live, you’ll need to invest in business insurance. This will give both your company and employees protection from things like property damage and injuries.
When you get licensed, your office will typically be inspected to ensure that it’s safe. Aside from having a safe work environment and insurance, you’ll be monitored to ensure that you’re paying employees fairly and not overworking them.
Advertise Wisely
When people are researching how to start an insurance company, many people forget to mention that advertising is necessary for success. Without advertising, no one will know who you are and will stick to their current insurance companies.
You can advertise in a variety of ways, but the most effective way is to advertise on social media. In the past, insurance companies would advertise on TV to attract local customers. Today, social media has more than 3.2 billion active users.
When you advertise on social media, you’ll be able to choose the age range that you’d like to attract and the region. Should you decide to expand nationally, you can target people from different regions.
Running ads on TV or in local areas won’t guarantee that people will see them. Advertising on social media will allow your ads to be seen by people as they’re scrolling through their feeds.
Starting an Insurance Company Doesn’t Have to Be Difficult
While many people think that starting an insurance company is a daunting task, it can be done by following the steps in this guide. Start looking into your local region’s license requirements. From there, you can start taking the necessary steps to start an insurance company.
Providing that you create a plan, invest in a workplace, and are smart about advertising, you’ll be able to start an insurance company without a hassle. You’ll also be able to get properly licensed, preventing you from running into legal trouble.
Browse our blog to learn more about insurance and the laws surrounding it.
How to Get the Most Out of Your Home Insurance Claim: 7 Great Ways
Every year, homeowners have to file insurance claims for property damages. It seems like that these instances are becoming more frequent, as stronger storms devastate areas across the country.
Whether it’s Hurricane Dorian terrorizing the Southeast and Bahamas, or tornados in Sioux Falls, properties are seeing a lot of damage. That’s not including things like fires or leaks that can happen in the home.
If you know that you have to file an insurance claim, you want to be able to recoup damages. Want to know how to get the most out of your home insurance claim?
Read on to find out.
1. Document Everything
Your first step in filing an insurance claim is to provide proof to the insurance company that the damages occurred.
You’ll need to provide documentation about the damages. Photographic evidence is a good thing to have. You can also take a video of the damages, too.
Keep a record of the items that were damaged, how much you paid for them, and the cost to replace them.
2. Don’t Wait to Report Damage
The longer you wait to report the damages to your home, the harder it will be to prove that the damage was caused by a particular incident.
If a major storm passes through the area and you have damage to your property, you can’t wait three weeks to file a claim. The insurance company will reject the claim because you won’t be able to prove that the damage was caused by the storm.
3. Use a Public Adjuster
For large claims, it will be a wise move to hire a private adjuster. Insurance companies will send an adjuster to your home, but they are paid by the insurance company.
There are two types of adjusters that the insurance company may send. One is a company adjuster. They’re an employee of the insurance company.
The other is an independent adjuster. Don’t be fooled by the name. They may not be that independent. They’re like a freelancer who is contracted by the insurance company.
A public adjuster is a professional adjuster who works for you. You have to hire them and pay out of pocket for their services, but they can protect your interests in the process.
4. Know Your Rights to Appeal
There’s a good chance that you’ll get less than the full value of items or your claims may be denied altogether.
If you think that your claims were wrongfully denied, you may be able to appeal those denials. Your policy may already have an appeals process to get the insurance company to review the claim again.
5. Get an Attorney Involved
Insurance companies may try to do everything they can to get out of paying for a claim. You may want to give up at the end of the day because you’re tired of dealing with them.
If your claim is denied for something like storm damage and you can’t get the insurance company to budge, get an attorney involved.
6. Don’t Discard Anything (Yet)
One of the first things you’re likely to do after a flood or water damage is to get rid of things that got wet. You don’t want to keep them in your home because of the threat of mold.
You don’t want to throw away those things because your insurance company may need to see them first. Check with the company before you throw anything out.
7. Keep Your Insurance Policy Up to Date
How to get the most out of your home insurance claim lies with really one thing. Your insurance policy. Unfortunately, there are a lot of people that don’t fully understand what their policy covers and doesn’t cover.
About 73% of people don’t have separate flood coverage from their homeowner’s insurance policy. That can be devastating, especially after a big, damaging storm.
On top of that, about 40% don’t know if insurance will cover all of their belongings. In other words, you need to do your homework and learn what your policy covers and doesn’t cover. Be sure to read your policy and understand the details. Most importantly, get those answers in writing to cover your tracks.
You may find that your property isn’t covered for roof leaks and water damage.
It’s also your responsibility to update your policy if there are any life changes. If you get married or divorced, or start a home-based business, you need to update your policy.
It can be easy to forget that you bought a new furniture set or remodeled the bathroom. Those things can impact your ability to get the most out of your insurance claim. These need to be added onto your policy to make sure they’re covered.
It’s best to review your homeowner’s policy once a year with your insurance agent to make sure that you are getting the coverage you need.
How to Get the Most Out of Your Home Insurance Claim
Filing an insurance claim can sometimes feel like you’re wrestling a bear. It seems impossible to get the resolution you need to move on with your life after a traumatic event like a fire or flood.
You have to know how to get the most out of your home insurance claim to make the best out of a devastating situation. Insurance companies are likely to find reasons to reject your claims.
Your best defense is offense. You have to know and understand what your policy covers. You also have to make sure that you document everything and don’t throw anything away until you have an adjuster look at it. You may need to get your own adjuster or an attorney involved in the matter.
The more you know about your rights, the better off you’ll be. If you need legal help with your insurance claim, take a look at our directory to find an attorney who can help you.
Does Malpractice Insurance Cover Medical Marijuana Prescriptions?
When it comes to medical marijuana, healthcare providers and law enforcement are in an awkward position.
On the one hand, certain state laws allow them to treat marijuana like any other medication (albeit a non-FDA-approved one). On the other hand, federal law says it’s 100% hands down illegal.
So this begs the question: if you had a medical malpractice case and wanted your malpractice insurance to cover medical marijuana, would they cover it? Here’s what you need to know.
The Tension Between State and Federal Law
Since California first legalized marijuana for medical use in 1996, the acceptance of marijuana in a medical context has steadily grown.
But while we’ve made huge strides, marijuana still isn’t fully legal, despite the fact that 62% of Americans support legalizing it.
Currently, 33 states and the District of Columbia have legalized medical marijuana, while 11 states and the District of Columbia have legalized marijuana across the board.
At the federal level, marijuana remains illegal and is listed as a Schedule 1 drug by the DEA. This means that, at the federal level, marijuana is viewed as a drug with no medically accepted use and a high potential for abuse.
The biggest problem, for doctors and law enforcement alike, is whether to follow state laws which may allow medical marijuana or to follow federal law, which bans marijuana completely.
Rohrabacher-Farr, Ogden and Cole
Two things have helped to clarify how doctors, lawyers, and law enforcement should proceed:
- The Rohrabacher-Farr Amendment
- The Ogden and Cole Memoranda
In December 2014, Congress passed the Rohrabacher-Farr Amendment as part of the 2015 Omnibus Appropriations Bill.
This amendment prohibits the Department of Justice (DOJ) from using federal funds to prevent states that have legalized marijuana from implementing their own state laws that authorize the use, cultivation, distribution, and purchase of medical marijuana.
The amendment was renewed in December 2015, December 2016 and again in May 2017. It was last renewed in February 2019 as the Rohrabacher-Blumenauer Amendment.
In addition to Rohrabacher, the DOJ has released four memoranda clarifying their stance on the issue, collectively known as the Ogden and Cole Memoranda (the 2009 Ogden memo and the Cole memos of 2011, 2013, and 2014).
In these memos, the DOJ guided U.S. attorneys to focus their marijuana enforcement efforts on the following federal priorities:
- Preventing the distribution of marijuana to minors
- Preventing the diversion of marijuana from states where it is legal to other states where it is not legal
- Preventing revenue of marijuana sales from going to criminal enterprises, gangs, and cartels
- Preventing state-authorized marijuana activity from being used as a cover for the trafficking of other illegal drugs or other illegal activity
- Preventing drugged driving and other adverse public health effects
- Preventing violence and the use of firearms in marijuana cultivation
- Preventing the cultivation of marijuana on public land
- Preventing marijuana possession on federal property
Otherwise, U.S. attorneys were to defer to state and local laws governing the use of medical and recreational marijuana.
Physician Liability
To come back to our original question, how does this affect physical liability and malpractice insurance?
On one hand, doctors and law enforcement do have guidelines that would permit the prescription of medical marijuana if you live in a state that has legalized the use of medical marijuana. And while it is federally illegal, enforcement of the federal ban usually is not strong.
There are no current medical malpractice cases involving marijuana. It’s difficult to see how such a case would succeed if the patient asked for a medical marijuana recommendation and was provided one.
In fact, physician liability is rather limited since doctors can’t actually prescribe or dispense marijuana. All a doctor does is verify that a patient has a qualifying condition and that they think the potential benefits of medical marijuana outweigh the potential risks.
That said, plaintiff attorneys can get rather creative. If such a lawsuit were filed, attorneys would most likely pursue it as they would pursue a lawsuit for inappropriate prescription of opioids. Still, the malpractice aspect will be esoteric at best.
So, does malpractice insurance cover medical marijuana?
The short answer? Probably not. Most traditional malpractice insurers will not cover cases where physicians recommend medication that has not been FDA-approved.
The long answer? You can argue it in court, but the answer is probably still no. If you’d like to find out how such a case might be argued, talk to a malpractice attorney.
Figuring Out Malpractice Insurance?
If you’re trying to make heads or tails of medical malpractice and malpractice insurance, it pays to do your homework.
Check out our blog for more useful posts like this one to get your case in order.
Real Estate Agent Insurance: What You Need for Protection
In the United State, there are about 1.36 million licensed real estate agents.
Every real estate agent has a different working style, specialty, and clientele. However, every real estate agent needs coverage.
If you’re in the real estate business, it’s important you learn what you need to stay protected.
Read on to learn the types of real estate agent insurance you need.
1. General Liability Insurance
As a realtor, you might spend a lot of time on the road showing houses to your clients. However, there will be instances when clients visit your office.
General liability insurance covers you against claims that result from an injury or damage to another person or their property. For example, if one of your clients visits your office and they fall over a loose tile, they could sue you later one for their injuries.
Having general liability insurance will provide you with the coverage so you can protect yourself. General liability insurance also covers advertising claims such as slander and advertising claims.
2. Professional Liability Insurance
When you’re a real estate agent, you help people buy the home of their dreams every day, and they depend on your advice to make a decision. After all, they are making a big investment. Learn about these investments and how to protect them.
Unfortunately having that responsibility, also makes you more vulnerable to lawsuits. After all, real estate agents, even the best, can make mistakes or overlook a detail every once in a while.
Also known as errors and omissions, professional liability insurance protects you against several claims. The reason can include and are not limited to negligence, failure to disclose important detail or the delay or cancellation of a sale due to your mistake.
If you get sued due to any of those reasons, the litigation costs and real estate attorney fees could be too much for your business to handle.
3. Car Insurance
If you’re like most real estate agents, you use your car to go on showings.
Since you’re using your car to conduct business, you need the type of car insurance that will protect you in case of an accident while you’re on the job.
Make sure you disclose to your car insurance company you use your car for business so they can give you the appropriate policy.
4. Business Owner Policy
Business owner policies protect all of your office equipment such as printers, furniture, computers and more. You need all of these things to successfully conduct business so you need to protect it.
5. Umbrella Coverage
Even if you have liability insurance, it might not be enough to protect you in case of a lawsuit.
If your coverage caps out at $1 million but you get sued for $2 million, where would you get the rest?
Umbrella coverage is a supplemental policy that covers the rest.
Real Estate Agent Insurance: The Bottom Line
Real estate agent insurance is a must for all agents. Insurance can protect you against general liabilities, professional mistake claims, and more.
Wondering whether it’s a good idea to hire a real estate attorney? Check out this article.
You can read more and compare quotes at MyKeyManInsurance.com
Life Stages that Impact Insurance Needs for Estate Planning
Different life stages call for different insurance coverage especially when you own a home. A young single individual or empty nester does not need as much insurance coverage as a parent with young children. Learning the ins and outs of the basic insurance needs you may have is a good first step towards a solid financial education.
Life Stage Young Adult
As a young adult your financial responsibilities are usually few. If you happen to own a home, your insurance needs will be higher than if you are renting or living with your parents. If you have financial responsibilities like rent or a mortgage, you should have short term and long-term disability. This insurance will help ensure that you have a roof over your head should you get insured or sick and are unable to work.
Life insurance would be minimum since you are not supporting anyone at this point in your life. You should opt to have a minimum term policy of $10,000 this would cover any funeral costs if the unfortunate happened. This insurance would keep your parents or other family members from going into debt to handle your final arrangements. If you own a home at this point it is unlikely there is much or any equity, but the sale of the home should take care of any open financial ties if you pass.
Life Stage Young Married/Partnered Adult
As a young couple you have financial responsibilities to each other to ensure that you are taken care of incase one of you can no longer work or you pass. You are either renting or living in your first home. You and your significant other depend on one another to cover monthly expenses.
You want to ensure that your partner is taken care of if something happens to you and you also want to make sure if you or your partner is unable to work that your financial responsibilities are still taken care of. You should have a life insurance policy to cover all financial burdens that you and your significant other share, rent, mortgage, car loans, credit card or other debt. Short term and long term disability are key to making sure you do not lose income if you are unable to work for a short period of time or if you become disabled and need long term disability.
Consider adding a home warranty insurance plan to your monthly expenses. As most young couples do not have much in expendable income, this low monthly policy can help if any untimely expenses arise for the appliances or home systems in your first home.
Life Stage Young Couple with Children
Young couples with children have the highest need for insurance. They are now the providers of not just themselves, but they now have dependents. If the couple is still renting, they do not need to have a life insurance policy large enough to pay off a mortgage, but they would want a policy large enough to help cover all monthly expenses if one parent passes. The transition from being a two-parent household down to one would take a great deal of time and stress.
Removing the financial burden from your significant other is the best thing you can do for them if you pass. You will need short term and longer-term disability to help ensure your monthly expenses are covered if you or your partner is unable to work due to an injury. Consider adding a home warranty to your monthly expenses as this small monthly charge can help cover any repairs that come up in your home with your appliances or home systems. If you own a home you will need a life insurance policy that will pay off the mortgage, and all other debts and allow your partner time and resources to make life adjustments. For each child you should have a life insurance policy for a minimum of $5-$10k.
Consider adding a cancer policy to help cover expenses that could come with missing work and caring for a member of your family while dealing with the illness. Have a life insurance policy and plan in place incase both parents pass and family would care for the children. The cost of raising a child and any life adjustments should be considered when deciding on how much insurance is needed.
Life Stage Mature Couple with Older Children
Couples with older children may not need as much life insurance as the amount needed to care for and raise the children has decreased. The above policies are still suggested.
Life Stage Empty Nester
Once children are out of the home and are no longer being cared for by the parents, the life insurance policy needed to help raise the children is no longer needed. At this point whether or not you need a large life insurance policy may depend on your financial situation. If you are still living paycheck to paycheck, having a life insurance policy would be ideal to ensure that if something happens to you or your spouse neither of you are left saddled with debt.
The need for additional insurance policies may not be as immediate as most people are planning toward retirement, extra funds should be going into investments to grow a retirement savings. Since most of any expendable income should be being invested consider keeping the home warranty on the home to keep you from having to worry about unexpected repairs with your home’s appliances and home systems. If you haven’t already sold your home and moved into a smaller home, consider adding the home warranty with the sale of the home. This makes the new buyers feel more confident in the purchase that the home they are buying has been well taken care of.
Life Stage Retirement
After you have moved out of your home and downsized, you can consider downsizing on your insurance needs. Your children are grown and have their own life insurance policies; you do not need to have policies on them at this point. You may already own your home or have moved back into renting, so having a life insurance policy to pay off a mortgage is also no longer needed. You are living off of your retirement, so eliminating unnecessary expenses is key. Many adults in their golden years have already prepaid for their funeral expenses, so having a policy in place to cover that expense is no longer needed.
You are living on a budget, so be sure to avoid any unexpected expenses at this point. You can keep the home warranty on your home and this will help keep your budget in line and you do not have to worry about the fridge going out or furnace. Focus on the beauty of retirement and relax knowing you are covered.
Does Insurance Cover Plastic Surgery?
Does insurance cover plastic surgery? Yes, your health insurance policy might cover your plastic surgery procedure when the surgery will be categorized as a non-cosmetic surgery. However, there will be certain terms and conditions.
When Does A Health Insurance Cover Plastic Surgery?
| Many things will depend on the type of health insurance you have and your insurance company. There are a few factors that you need to consider in order to know that your plastic surgery is covered by your own insurance or not. It is important to know if the surgery is cosmetic, reconstructive, or to preserve the quality of your life. The type of surgery that you’ll have will decide the coverage that you’ll receive. |  |
Coverage might be different for a facelift compared to a someone who is recovering from labor and is in need of a mommy makeover.
Most of the companies follow MMA (American Medical Association) and ASPS (American Society of Plastic Surgeons) definitions. These definitions state the following:
Reconstructive Surgery
Reconstructive surgery means that these surgeries performed are to correct the abnormalities caused by developmental abnormalities, congenital defects, infection, trauma, and disease. These surgeries can help to improve the functionalities or can correct abnormalities to offer a normal appearance.
Cosmetic Surgery
Cosmetic surgery is related to reshaping any normal structure on the body for improving the self-esteem or appearance of the patient. When getting any sort of cosmetic surgery procedure done, be sure to do your prior research and choose a qualified plastic surgeon.
Health Insurance Companies Will Have the Final Say
The health insurance companies will have the freedom to evaluate the condition. They may evaluate differently depending on their policies. They are the final interpreters. Different companies might take things different differently. An example of how these insurance companies might interpret procedures differently is the procedure of circumcision of infants. While some companies cover this procedure, others do not since they find it cosmetic.
The Difference Between Medical Necessity & Cosmetics
This is up to the insurance companies to decide what is medically necessary and what will come under the category of cosmetics. In fact, they can change their policies from time to time depending on the following:
- Insurance type
- How they relate to the needs of the patients
- Evolution of the new procedures
- Requirements for medical treatment
Surgeries Mostly Covered By Your Insurance
There are many types of surgeries covered by your home insurance. In fact, you might consider them cosmetic surgeries. But, they will be covered by your insurance. Here are a few examples:
- Abdominal Surgery: When the surgery is performed to improve your health problems including a hernia, sores, back pain, and your walkability.
- Eyelid Surgery: If it is done to correct vision problems or to improve drooping eyelids.
- Breast Surgery: When the surgery is performed to minimize the size of breast that causes health complication, congenital absence or to reduce the size of male breasts. In the case where a breast reduction is needed, the 1998 Federal Breast Reconstruction Law, and sometimes referred to as the Women’s Health and Cancer Rights Act of 1998 requires insurance companies to provide coverage for breast reconstructions after a mastectomy.
- Facial Surgery: If it is done to boost the appearance caused by threat deformities in the head and neck or paralysis.
- Ear Surgery: When done to correct deformed ears by diseases, injury, or birth.
- Nasal Surgery: If performed to correct the abnormalities resulting from disease or birth causing breathing problems.
- Hand Surgery: When done to treat nerve injuries, fused fingers, carpal tunnel syndrome, and similar conditions.
In Conclusion
Does insurance cover plastic surgery? Yes, if you meet any of the above conditions, your surgery might be covered by your own insurance. Most surgeries that are covered by insurance companies include abdominal surgery, eyelid surgery, breast surgery, facial surgery, ear surgery, nasal surgery, and hand surgery.
Reasons for delayed life insurance claims and how to avert it
There are few to-do lists that we need to tick off the moment we have a stable career! Other than opening a savings account and making the necessary investments, it is also essential to opt-in for your life insurance. Selecting the correct policy is essential. Additionally, you also need to know the process of life insurance claims, so that you can claim it later.
According to the standard procedure, all life insurance claims are paid within a maximum of 30 days after submission of a formal claim to the concerned insurance organization. When the claim surpasses the 30-day time, the insurance company considers it as delayed. A delay of any kind will strain the survivors. Furthermore, a delay can happen due to multiple reasons.
Majority of the time, when insurance company denies claims and the reasons supporting the same are unfavorable! From missing important data to technical errors, the reasons are varied. To put some order and promise of receiving the claim, it is essential for people to reach out to expert life insurance lawyers. Delay in obtaining the insurance claim doesn’t necessarily mean that the claim will get denied altogether. But if you are facing a delay over a month or two, you need to look into the matter seriously.
Reasons for delayed life insurance claims
Addressing a delayed insurance claim is essential. Also, you need to know the possible reasons that cause a delay. Discussed below are some of the essential reasons that postpone your claims.
- The beneficiary could be a minor
Is the beneficiary a minor child? If yes, then the life insurance claims will get delayed till such time the insurance organization receives the necessary details about the minor’s guardians. It is important to add the minor’s guardian in the claim.
- Not naming a spouse
There are times when a spouse doesn’t get added as a beneficiary for a community-property state. In such cases, it is possible for the spouses to claim a certain amount of the proceeds from the insurance policy.
- Not updating the beneficiaries
Sometimes there can be significant life changes occurring in people’s lives! You might have a major setback as well, such as a divorce. There are instances, when people get married, have children, or change locations and many more. In such situations, the names of the beneficiaries get changed in their life insurance policies. When these changes aren’t updated, the claim will get delayed.
- Unnamed beneficiaries
When an insurance claim doesn’t carry the name of a beneficiary, the concerned insurance company will either pay the proceeds based on the state law rules. And this can delay the insurance claim as well.
How to avoid any life insurance claim delays?
One of the intelligent ways to avert all kinds of denials and delays in your life insurance claim is to consult a life insurance lawyer. This attorney will ensure that all the correct data gets added with the claim. Going forward, the lawyers will let the insurance companies know that they want a clear claims policy in place. The moment an insurance company is aware that you have a lawyer to guide you; they will stop delaying the claim because you didn’t add any unnecessary details.
Do you want to know how to stay away from claim delays? If yes, you can refer to the pointers listed below:
- Make sure that you are adding in precise data
Right from the start to the end, it is essential to add in only the correct data in your insurance claim. A missing or wrong data will lead to a delay.
- Make sure to have a beneficiary
It is essential to appoint a beneficiary and ensure that you name the correct beneficiaries. You must also make the necessary updates if there has been any significant life change.
- Make sure to pay all your premiums on time
It is a smart call not to let your policy lapse because of any non-payment issues. Ensure that you have made the necessary arrangements for another person to receive the relevant invoices so that the premiums are paid on time, even when you are not present.
- Add in all the essential documentation
Every insurance company has its process for a claim. The company will inform you about all the details that it requires before they start to pay the benefits. You need to ensure that all the details and correct get submitted in time.
The solution for the delay in life insurance claims
There are times when a delayed life insurance claim becomes a denied one. In such a situation, it’s pointless to follow up the life insurance company all by yourself. You need to know the correct legalities supporting this process. For this, it is essential that you get in touch with an ace life insurance lawyer who has the necessary expertise to address this issue and resolve it successfully, at the earliest.
Each lawyer has their way of working! There are expert life insurance lawyers who can make you receive a claim, from a claim that the insurance company denied before. Some ace lawyers proceed with the case at hand by meeting the claims representative of the life insurance company. The lawyer attempts to convince the representative to clear the payment in within two weeks. Just in case a claim gets denied, the lawyers will have to get down to serious work. They will have to submit a legal brief, that’s anything between 100 and 200 pages, to the company’s legal section directly. After this, both you and your lawyer will have to allow some time, preferably a month for the company to share their decision. Usually, this is the process that most lawyers follow. However, every case of a life insurance claim delay or denial has its challenges. Hence, the solution provided by the lawyers is case specific and subjective.
It is always a smart call to go ahead under the guidance of an expert lawyer! If you try to resolve this complex issue yourself, you might fall into more trouble. You can ask for recommendations from your friends and family for a life insurance lawyer. Close references prove useful most of the time. That aside, you can always research online and gather the names of the law firms and get connected.
Express Movers – Importance of Movers Insurance
If you are planning to relocate, you might be wondering whether or not you need movers insurance. Given the unexpectedness of what can happen during a move, it might be in your best interest to consider the importance of movers insurance. There have been cases in the past when valuable items were accidently destroyed and no compensation was issued to the individuals moving. Below are some things you need to learn about movers insurance.
Importance of Movers Insurance
There are several methods on how you can safeguard your move and household items. You can opt for valuation coverage or buy moving insurance. Here are some of the things you need to know about the two options.
What is Valuation?
If you’re not moving in a hurry, once you pick a moving company, you will be presented with a moving contract to sign. Here, you will notice that the moving company offers different levels of valuation coverage. The coverage is the amount that the moving company is willing to pay in case of damages. But it is crucial to note that the valuation coverage is not insurance, and its benefits are limited. There are several things that are not covered by the valuation coverage. Some of them include:
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The movers offer several valuation options. They include release value protection and full value protection. But these options are not as comprehensive. Therefore, it is vital to have movers insurance.
Why You Need Additional Movers Insurance
Additional to valuation coverage, you have an option of getting movers insurance. If you’re not throwing a lot of stuff away and you are transporting several valuable items, it is a good idea to purchase movers insurance. This will ensure that things you handle yourself are well-covered. In addition, movers insurance schemes cover items for around 90 days while in storage or transit.
What Items are Covered by Movers Insurance?
| Movers insurance covers a plethora of things. However, it depends on the policy you choose. Generally, the insurance covers damages on household items while in transit or storage. Also, damages to your household goods caused by floods, earthquakes or accidental breakage are covered. |  |
Therefore, if you are worried about your LCD screens, computers, and other electronics on transportation, the best idea is to purchase movers insurance. The policy also covers against internal damages to electronics being moved but have no physical damages.
Does Your Homeowners Insurance Policy Cover the Move?
If you have a homeowners policy, it is not a guarantee that your items are covered during a move. According to Federal Motor Carrier Safety Administration, it is important to check with your individual insurance to fully comprehend if your homeowners insurance policy covers moving.
Bottom-line
Before moving, it is essential to take photos of all your household goods. This will help you in case you want to file a claim. Also, if you are packing your belongings, ensure you are using the right boxes. Then hire a trustworthy moving company and ensure you have additional movers insurance. All in all, hopefully this article has shown you the importance of movers insurance.
