Health insurance cards contain several numbers and codes that identify you as a member and provide important details about your coverage. Two common ID numbers on insurance cards are policy numbers and member ID numbers. Are they the same thing? Or do these numbers serve different purposes? Understanding how to read your insurance card is … Read more
While intentionally taking out multiple insurance policies on the same asset or risk is called double insurance, there are situations where policyholders can inadvertently end up with overlapping coverage. This occurs when separate policies end up covering the same damage or loss. Double insurance is usually not necessary and leads to wasted premium dollars. Here … Read more
Producers and agents who sell Medicare supplement insurance or long-term care insurance have important requirements regarding replacement notices that must be provided to applicants. These notices ensure consumers understand the consequences of replacing an existing policy and prevent inappropriate replacements. Let’s take a closer look at when producers must deliver notices about replacement coverage. Medicare … Read more
Getting into a scrape or fender bender can be upsetting, especially if it’s your fault. You’ll likely need to pay for repairs, but will it also make your car insurance rates go up? Here’s what to expect if you scratched someone else’s car and how it impacts your auto insurance costs. Will Insurance Rates Increase … Read more
If you’ve been in an accident, one of the first steps is filing a claim with the at-fault party’s insurance company. A question many accident victims have is: how long does it take for an insurance company to accept liability after a claim is filed? The answer depends on several factors related to the claim … Read more
Long-term care insurance can be an important component of planning for future care needs. But paying ongoing premiums for a policy can seem burdensome. Many people wonder – can you pay for long-term care insurance upfront in a lump sum rather than paying premiums for life? The answer is yes, some long-term care insurance policies … Read more
TRICARE is the health care program for uniformed service members, retirees, and their families. Up until 2018, TRICARE was divided into three regions – North, South, and West. In 2018, the regions were consolidated into two – East and West. TRICARE East and West are managed by different contractors, cover different geographic areas, and have … Read more
When you have health insurance through UnitedHealthcare, you are assigned a unique policy number. This number helps identify you as a member and provides important details about your specific coverage. Knowing where to find your UnitedHealthcare policy number can be useful when you need to verify your insurance details with healthcare providers or customer service. … Read more
In the UK motor insurance system, the term “Article 75 insurer” refers to a specific status that an insurer may have when handling third party claims arising from road traffic accidents. But what exactly does being an Article 75 insurer entail and how does it differ from other types of motor insurer liability? This article … Read more
Getting your vehicle declared a total loss after an accident is often an frustrating and stressful process. You have to go through your insurance company’s evaluation to determine if your car is repairable or not. If they do deem your vehicle a total loss, you then have to negotiate a fair settlement amount with the … Read more