Author: Sayan Dutta

It depends on the policy and the age of the policyholder. If the policyholder is an adult, parents cannot access the health insurance information without the adult child’s consent. However, if the policyholder is a minor, the parents can access the health insurance information. Doctors have the option to keep certain information confidential, but not every insurance company permits it, and laws can vary by state. It’s noteworthy that although certain details might appear on an insurance report, parents won’t have access to the specifics of what happened at the appointment. However, the insurance company may still share some claims…

You can buy Health Insurance outside Of The Marketplace directly from an insurer. You can contact various health insurance companies directly and obtain quotes for their policies. Consider using a licensed insurance broker to assist you in choosing a healthcare plan that meets both your medical requirements and financial constraints. Such a broker can provide guidance and help you navigate through the various available options. Understanding Health Insurance Basics Buying health insurance outside the marketplace can be daunting. Knowing the basics is key. Here they are: Do your research before buying. Compare plans and insurers to find the best fit…

Yes, homeowners insurance could cover items taken from your car, subject to your plan and theft specifics. Off-premises coverage is available in some policies, encompassing vehicle theft, while added endorsements or riders might be necessary for others. Assess your policy and consult your insurer for appropriate coverage. Remember, high-value electronics or jewelry might have coverage caps, so understand what is insured and its extent. Does homeowner’s insurance cover items stolen from a car parked in my driveway? Yes, Most homeowners insurance policies cover personal belongings stolen from your car. However, there may be exclusions or limits. Here’s what to consider:…

Insurance companies evaluate policyholder risk using diverse data and statistics, such as age, gender, occupation, health, and lifestyle, to gauge claim probability. Mortality tables help estimate death or illness risk, while credit scores assess financial stability. External aspects like insured property type, geographic location, and past loss experience are also considered. These factors contribute to risk level determination and premium calculation. Ultimately, insurance companies use an intricate method called underwriting to assess policyholder risk and establish insurance policy terms. For example, older people and those with poor health may pay more. Likewise, someone with a bad driving record could pay…

National General Insurance might not excel in car insurance since their prices tend to surpass competitors’ and unsatisfactory customer support is common. Despite this, they focus on insuring high-risk drivers, which could benefit those with prior accidents or infractions. Conducting extensive research and comparing rates, along with coverage alternatives from various providers, is crucial before selecting an insurer. National General Insurance could suit certain people, but evaluating the advantages and drawbacks is essential before deciding. National General Insurance Overview: What You Need to Know National General Insurance is an Allstate-owned insurance company that specializes in high-risk drivers. With a market…

Only a small portion of older adults, around 4.5%, reside in nursing homes, while 2% live in assisted living facilities. In simpler terms, nearly 1.5 million individuals inhabit nursing homes and one million occupy assisted living homes. The likelihood of nursing home admission rises with age, with approximately 15% of people above 85 years living in such homes. Importantly, half of nursing home residents belong to this age group. Though the percentage seems low, the number of seniors in nursing homes will likely grow as the elderly population expands. Overview of Nursing Homes Nursing homes are known as skilled nursing…

Insurance identification can cause confusion about whether the insurance ID and member ID are the same. It varies by the insurance plan. Usually, the member ID is the same as the policy number and appears on the insurance ID card. However, some plans have a separate insurance ID number for billing and claims. Having the ID card available is crucial for accessing medical services, so it’s recommended to verify the details of the specific insurance plan. In summary, the insurance ID and member ID can be the same, but it’s wise to double-check the plan’s specifics. What is Insurance ID?…

Yes, It is possible for insurance brokers to make millions of dollars. As per statistics, the top 10% of insurance agents made over $125,000 annually.  However, some successful life insurance agents have been known to earn over $1 million each year. The reason behind such high earnings is the commission-based approach of selling insurance policies, where most commissions range from 2% to 8% of premiums. To reach this income level, an insurance broker would need to concentrate on marketing to a large pool of potential clients and closing a significant number of sales each week. Even though there’s a possibility…

The average cost of flood insurance per policy in Georgia through the National Flood Insurance Program (NFIP) is $696.67. However, the cost can vary based on the city or specific location. Georgia’s flood insurance costs are generally lower than the national average of $767 per year. The premium for flood insurance in Georgia is determined by various factors, such as coverage needed, property location, and flood zone. Having flood insurance is crucial to safeguard your property against potential damages and financial losses caused by floods, despite the average cost seeming high. Five Facts About Flood Insurance in GA: Understanding Flood…

Insuring a leased car often costs more than insuring a car that’s owned outright because most leasing companies mandate comprehensive auto insurance policies. However, Experian suggests that whether you lease or buy your car shouldn’t significantly affect your auto insurance rates. Several factors, such as driving history and payout amount in case of an accident, determine the cost of insuring a leased vehicle. Despite the required coverage levels and lease terms that may inflate insurance costs, it’s advisable to compare rates from different providers before selecting a policy. What is Car Leasing? Car leasing is a contract. One party pays…