An Insurance Blog

Pre-Existing Condition Coverage in New York

Insurance Helper — Thu, 17 Mar 2011 17:34:37 +0000

If you live in New York and have a pre-existing condition, you may be eligible to participate in the New York Pre-Existing Condition Insurance Plan (PCIP), also known as the NY Bridge Plan. What is the New York Bridge Plan? With the passage of the Patient Protection and Affordable Care Act in March of 2010, [...]

Buying Life Insurance After Turning 80

Insurance Helper — Mon, 07 Mar 2011 18:55:27 +0000

This post is not a post with solutions to the problem of purchasing life insurance for a person over 80 years old. It’s more like a wake up call for anyone with elderly relatives. If the responsibilities of paying for the funeral expenses fall squarely on your shoulders, you should read the rest of this [...]

Credit History and Insurance Premiums

Insurance Helper — Sat, 26 Feb 2011 13:11:41 +0000

Most states allow insurance companies to review a policy holder’s credit report and credit scores and use it as one of the factors for calculating insurance premiums. The question then becomes: Is credit history a valid basis for determining whether or not a policyholder will file a claim? Validate the Credit Source One of the [...]

What Does Being a Certificate Holder on Insurance Mean?

Insurance Helper — Sat, 29 Jan 2011 23:38:41 +0000

The insurance industry has several ways of providing evidence of insurance. With automobile insurance for example, the Department of Motor Vehicles accepts automobile ID cards as proof of insurance when registering a vehicle. Mortgage companies and banks often only accept insurance binders. Businesses and contractors are usually issued certificates of insurance as proof of coverage. [...]

Auto Insurance Physical Damage Coverage

Insurance Helper — Tue, 25 Jan 2011 18:14:26 +0000

The property section of an automobile policy is called the physical damage section. This is the part of the policy that covers you, the car owner in the event of a loss. Automobile physical damage coverage comes in two flavors; comprehensive and collision. Automobile Collision Coverage A collision loss occurs when your vehicle collides hits [...]