Insurance policies
What is dwelling coverage on homeowners insurance?
Dwelling coverage is a type of homeowners insurance that covers the actual structure of your home and any attached structures, such as a garage or fence. It typically includes protection against perils such as fire, lightning, windstorm, hail and theft. If an insured peril damages your home, dwelling coverage helps cover the cost of repairs…
When does gap insurance kick in?
Gap insurance kicks in when the amount owed on a financed vehicle is greater than its actual cash value. This typically occurs when the owner of a financed vehicle experiences an accident, theft or other type of loss that results in the total value of the vehicle dropping below what was initially owed on it.…
Can you get homeowners insurance in Florida?
Yes, homeowners insurance is available in Florida. Insurance companies offer a variety of policies that provide coverage for homes and property owners. These policies are designed to protect the owner from financial loss due to property damage, liability claims, and other unexpected circumstances. Many homeowners choose to purchase additional protection through riders or endorsements that…
Does term life insurance have any cash value?
No, term life insurance does not have any cash value. This type of policy provides a death benefit to the designated beneficiary or beneficiaries in the event of the insured’s passing during the stated policy term. It does not build up a cash surrender value that can be borrowed against or withdrawn by the insured…
Does your auto insurance cover rental cars?
Yes, many auto insurance policies will cover rental cars. Depending on the insurer and policy type, additional coverage may need to be purchased in order to fully protect yourself while driving a rental car. Check with your insurance provider for more information on their exact coverage and any additional protection you may need while driving…
Do insurance companies cover pre-existing conditions?
Yes, insurance companies cover pre-existing conditions. The Affordable Care Act requires all health plans sold in the individual and small group markets to provide coverage regardless of a person’s medical history. It also prohibits insurers from charging more or denying coverage due to pre-existing conditions or other medical factors. The law makes it illegal for…
How long can my son remain on my health insurance?
The duration for which your son can remain on your health insurance depends on a variety of factors, including the insurance plan you have, state regulations and whether or not he is classified as a dependent. Generally speaking, dependent children are covered until age 26 regardless of student status. Some states allow coverage up to…
Does life insurance cover accidental death?
Yes, life insurance typically covers accidental death. Most policies provide coverage for deaths resulting from any unforeseen or sudden event that is not the result of a pre-existing health condition or self-inflicted injury. These policies can help protect your family financially in the event of your untimely passing due to an accident. It is important…
What is the difference between term and whole life insurance policies?
Term life insurance policies provide coverage for a specific period of time, and do not accumulate cash value over time. This type of policy is generally more affordable and offers the largest amount of coverage at the lowest cost. Whole life insurance policies are permanent in nature and will cover an individual their entire life,…
How do I know what car insurance to get?
To determine what car insurance to get, it is important to research different types of policies and decide on coverage that meets the needs of your particular situation. Evaluate your existing financial resources as well as any applicable laws or regulations in the state you live in. Assess the potential costs for various policy options…
Does insurance cover Hep C treatment?
Yes, insurance typically covers the cost of Hepatitis C treatments. Insurers generally have coverage in place for diagnostics, medications and vaccinations related to the virus. Policies can vary by carrier and plan type, so it is important to contact your insurer directly to determine what specific treatments are covered under your policy. Contents: Overview of…
What is “add insurance”?
Add insurance is a type of risk management used to protect against financial loss. It involves the purchase of an insurance policy, which provides a guaranteed payment in the event of damage to property or other losses due to unexpected events. Add insurance can help individuals and businesses protect themselves from significant expenses by offering…