When applying for insurance, you may notice the process involves disclosing a significant amount of personal information. This raises the question – what exactly happens to this data after it’s collected? Specifically, do insurance companies share it with data mining companies like LexisNexis? The short answer is – not necessarily. While LexisNexis works with many … Read more

Getting car insurance can be tricky when you’re in a relationship but not married. You may be wondering if you can add your boyfriend, girlfriend, fiancé, or domestic partner to your policy if you don’t have a marriage certificate. The good news is, most car insurance companies allow unmarried couples to get a joint policy, … Read more

When you file an insurance claim after an accident, loss, or injury, you expect the insurance company to review the details and pay out your benefits. However, it’s not always that simple. Insurance companies often conduct thorough investigations before approving claims. So why exactly would an insurer investigate a claim that you make? There are … Read more

You go to the doctor, pay your copay at the time of your appointment, and assume that covers your share of the costs. But then weeks later you get a bill in the mail from the doctor’s office. So what’s going on? Why are you getting charged extra after already paying your copay? Getting billed … Read more

Proving ownership of a vehicle is an important step when registering or transferring registration of a car in Australia. Here are the main ways to prove ownership of a car in Australia: Registration Certificate The most straightforward proof of ownership is the vehicle’s current registration certificate. This document lists the registered owner of the vehicle. … Read more

When purchasing insurance, you’ll often come across the terms “limit of indemnity” and “sum insured.” These sound quite similar, but there are some key differences between the two that are important to understand. Sum Insured The sum insured is the maximum amount the insurance company will pay for a covered loss under a policy. It … Read more

Medicare Advantage plans play a valuable role in expanding coverage beyond Original Medicare. Learn about the extra services and cost savings that make Medicare Advantage an important option for many. What is Medicare Advantage? Medicare Advantage (MA), sometimes called Medicare Part C, refers to private insurance plans that provide Medicare Part A and Part B … Read more

Insurance companies and banks are both financial institutions, but they serve different primary purposes. Insurance companies provide risk protection by insuring individuals and businesses against potential losses. Banks act as financial intermediaries that accept deposits and make loans. While distinct in function, insurance companies and banks do share some common traits as financial institutions. Let’s … Read more

Cigna is a major health insurance provider that offers comprehensive medical, dental, and supplemental health insurance plans. When it comes to their coverage area, a common question is: does Cigna cover all 50 states? The short answer is: no, Cigna does not currently offer health insurance plans in every state. However, they do have a … Read more

In insurance, a participant refers to an individual or entity that takes part in an insurance program. Participants engage with insurers by purchasing policies and receiving benefits. Understanding the different types of insurance participants helps clarify their roles and importance in the insurance process. Key Participants in Insurance The main parties involved in insurance arrangements … Read more