Homeowner's insurance policies are designed to protect us if and when the unexpected happens. Unfortunately, not all home damage is protected, and in some cases coverage varies depending on your policy.
Health insurance policies are supposed to offer us coverage for a variety of situations. There are times, unfortunately, when insurance companies deny a claim for illegitimate reasons. This can be particularly devastating to the insured person, particularly if they are dealing with a long-term disability.
According to a new state report, California's biggest health insurers are reporting inaccurate information about which providers are in their networks. As a result, 36 of the 40 reviewed providers could face heavy fines from the state for not complying with state rules.
Insurance plays a crucial role in the lives of many people. They purchase insurance policies to protect themselves and their families from events that could happen -- but hopefully won't. It is meant as a contingency. It is meant to make people feel safe in light of tragedy. It is meant to protect people.
Buying life insurance is one of those tasks a person may not like to think about but knows it is important to do. It's not always easy to ponder the end of your life, but the positive side is that you are considering the good of your family. However, your insurance agent may have mentioned that, for the next couple of years, you are in a "contestability period," and you may not be sure what that means.
When you purchase medical, vehicle, life or home insurance, you are buying financial protection in the case that something unexpected should occur. As part of your premium payments, the insurance company agrees to provide financial coverage if a situation arises that falls under the plans policy. In some cases, however, insurance companies may not hold up to their end of the bargain and could try to avoid paying their share of the insurance coverage when you file a claim.
While you want to believe that the insurance company is on your side, this is not always the case. Insurance companies hire claims adjusters to give you the claim that best fits their needs. They are trained to look at evidence and determine ways to lower your compensation. Some strategies that an adjuster might use against you to devalue or deny your claim are:
There are many different forms of insurance that you can buy as an individual, and within these different types are myriad options for the policies themselves. Life insurance is one type of insurance, and it also has myriad options -- such as term life insurance, universal life insurance and variable life insurance.
A condominium complex had damage to its exterior, so the homeowners association in charge of the complex hired a construction firm, Saarman Construction, to repair the complex. Water damage was a major reason for the construction project. But about four years after the project was complete, water damage was visible at the complex, and one of the tenants sued the homeowners association and the construction firm. The homeowners association also sued Saarman Construction.
A person can have a range of different insurance policies. If they rent, rather than own, the place they live, one type of policy they may have is a renters insurance policy.