PIP Auto Insurance

Maybe you have also heard the term PIP auto insurance, and it sent you wondering, what’s that now? Here is some light of what PIP auto insurance is all about; PIP (Personal Injury Protection) auto insurance is a type of vehicle coverage. It is added insurance cover that will clear some of your hospital bills after a genuine car accident. It will also pay for some others non-incident related charges.

PIP has so many benefits, and the most obvious one is that PIP auto insurance compensates for lost wages resulting from any serious injuries that the insured suffers. Secondly, a PIP claim will be active regardless of who was responsible for the accident; this is what insurance experts refer to as “no fault” protection.

You can get your “PIP” insurance cover for your car online within 5 minutes. You can also do shop to shop comparisons from up to 10 national carriers and then select the plan that seems to work best for you.

PIP COVERAGE BENEFITS

Medical costs are high, and they are rising year after year, maybe you have not considered that fact. There are various aspects in a motor car accident, and one of the most expensive ones may be catering for medical bills. Such medical expenses include ambulance, physical therapy, medicine and other expenses. Many insurance companies will offer policies that do not cover any amount of heath care. Those policies that cover medical bills are much more expensive.

If you have PIP insurance added to your policy, all these expenses will be catered for. Some policies will go ahead and cover upkeep expenses to your home like cleaning and yard care. However, adding PIP to your policy is expensive but considering the possibility of the unfortunate occurrence where you find yourself in a fatal crash, getting it is definitely a wise decision. You can get quoted now and find cheaper insurance cover in your area.

States that Mandate PIP Insurance

Some states have mandated PIP Insurance and to date, they are 13 of them. They are Florida, Utah, North Dakota, Hawaii, Kansas, Massachusetts, New Jersey, Pennsylvania, Minnesota, Michigan, Massachusetts and the Washington D.C. More states are expected shortly to pass and enforce this type of mandatory regulation. This results from the fact that heath care expenses are rising at a high rate. Some states with a big population like California and Texas have PIP insurance covers to protect the lives of drivers.

PIP Plans are Unique to each State

Each and every state is responsible for crafting their insurance laws and regulations. Insurers operating in a certain state have the leniency to offer coverage within the guidelines in that state. With PIP protection, many states have different degrees of acceptable procedures that are covered.

Example, massage therapy may be fine in Florida but not in Minnesota. You should, therefore, check with your insurance agent if you are confused about what therapy your policy will cover.

One of the great advantages of PIP plans over “Med Pay” and other assurances is it covers both the expenses related to the crash, as well as compensates for lost income There are countless costs non-related to an accident that many people never even think about until such an event happens. PIP plans are more comprehensive in nature and provide a wider array of benefits

Less Legal Issues In the recent past couple of decades, there has been high numbers of cases in courts relating to personal injury resulting from a vehicle accident. This has prompted most states to pass the “no fault” initiatives and make the PIP insurance mandatory. This helps to keep the cases at the minimum.

Health Care Exchanges Are Coming!

Health care exchanges, also known as marketplaces are due to become operational in each state on Jan. 1st 2014. Open enrollment for the exchanges is set to begin Oct. 1st 2014. Anticipation has been building towards these events ever since the health care bill was originally signed into law. There has always been opposition to the law for various reasons. And there are still those who doubt the readiness or the ability of the exchanges to meet this timetable. They point to delays and changes in the law as evidence of this. However, the reality as we know it today is that these milestones will be met.

For now there are a number of things that everyone should know about the exchanges.

1. There are three different types of exchanges: state run, federally run and joint exchanges. The assumption is that to the buying public the structure of the exchange should be fairly transparent. In other words, it shouldn’t make any difference. They all are required to be run similarly.

2. Premium subsidies will be available for individuals who purchase coverage through the exchange. The subsidies will be base on income and will be applied to immediately offset the cost of coverage. All recipients of a subsidy will be required to reconcile when they file their tax return. So depending on what their actual income was for the year, they may receive additional subsidy or they may owe an amount if they actually earned more income than estimated.

3. The coverage plans available will be similar to plans you can purchase outside the exchange. All health insurance will be required to have certain mandated coverages after Jan. 1, 2014.

4. If you have health insurance now and like that coverage you will be able to keep what you have, if and only if, your current plan complies with all of the ACA coverage requirements. If it doesn’t you may be required to purchase a new plan with your insurance company that does meet all the new standards. Although the requirement for large employers to have coverage is delayed until 2015, the individual mandate to have coverage effective Jan 1st 2014 has not been delayed. The first year penalty for not doing so is 1% of AGI or $95.00 assessed at tax time. It increases after that.

5. Small employers will be able to purchase group health insurance in an exchange called Small Business Health Options Programs (SHOP).

6. Most underwriting will be eliminated and there will be no waiting periods for pre existing conditions; however, enrollment will only be able to take place during open enrollment and if certain life events cause changes in your status.

7. Brokers and agents will be able to sell insurance policies inside the exchange, but only those who have completed the training and certification to do so.

There are many other details that need to be considered when shopping for health insurance inside or outside the exchanges. It is a very important decision. You need to seek the advice and guidance of a qualified benefit consultant to guide you through the process. At least that much will not change.

This information has been provided by Mark E. VonMoss, Manager Financial Services Div. of The Insurancenter.

How to Find the Best Dental Plans

Your dental health is important so you want to look carefully for the best dental plans. The first thing you must decide is whether you want a dental insurance policy or a dental discount plan.

Since most dental insurance policies are offered by employers this article will focus on the steps a individual or family can take to find dental coverage if it is not offered by your employer.

If you are looking for an affordable plan with low out of pocket costs for dental procedures you should start your search on the internet. Your objective will be to compare a variety of plans for benefits and affordability.

During your search you should find a website that will compare at least 30 plans. This will save you a lot of time and keep you from flipping back and forth between sites.

Once you find a website that will allow you to compare a number of dental options it is time to do some research to find the best dental services that will fit into your budget. Also it is very important while you are exploring your options that you take a look at the dentists practicing in your area.

In order to do this the website you are using should have a box that you can type in your zip code. This will allow you to view the plan specifics, dental savings available to you, participating dentists, and discount dental plans offered in your area.

Once you type in your zip code and hit go all the dental discount plans and participating dentists in your area will be ready for your viewing. If you would like to get a quick summary of benefits in spreadsheet form you can hit the compare all plans button.

To get a detailed analysis of each plan you have the option of looking at each plan individually. This will give you a complete list of all the procedures and the amount of money you will save. Also listed will be the dental clinics you can use with each plan.

Another good feature of this type of dental program search is that you can hit the dentist look up button to find a particular dentist. Just type in the name of the dentist and you will be able to view the plans on the list which are accepted by this particular dentist.

For additional information on an easy method to find the best dental plans on the internet keeping reading on to the next paragraph. The author of this article will give you a helpful tip.

3 Compelling Reasons to Buy Holiday Insurance

Have you ever wondered why it’s important to look for deals on low cost holiday insurance? Unbelievably some people go away without securing cover at all, but this isn’t a smart move at all. If anything happens – such as an accident, for example – they would be completely without help to fall back on to assist with the considerable unexpected costs.

In case you needed any more reasons to purchase a simple and affordable policy, we’ve got three for you right here.

1. Why spend more than you need to?

It can be tempting to buy the first policy you find, whether it is online or in person. However, if you do this you will never know whether there were far cheaper policies out there instead. The chances are there will be much better deals than that first one, so it makes sense to ensure look around. Remember to compare carefully though – the cheapest deal may not always be the best one you can find.

2. You’ll be covered for more than you might think

Cheap doesn’t always mean nasty! Indeed, in the case of low cost holiday insurance you might be surprised just how much cover you can get for your money. The small print might make you break out into a cold sweat, but it really is worth looking at it as closely as you can. Ensure it covers you for everything you need before going ahead with any quote you find, however.

3. Some policies cover more than one trip or person

There are plenty of opportunities to find the perfect low cost holiday insurance for your needs. The flexibility these policies provide means you can always get the right one to suit your situation.

For example: are you travelling alone or with other members of your family? In either case you can find a suitable policy to cover everyone involved or just you. Similarly, you might be better off spending money on a multi-trip policy if you know you will be going away again in the next twelve months. This alone can save you a lot of cash and it’s easier than buying a new policy every time you travel.

As you can see, it makes good sense to buy a good, affordable policy before planning your next holiday. Remember to compare like with like: sometimes, if you settle for a more expensive one it won’t necessarily give you more cover. In some cases you may even find you end up with something sub-standard when you could have spent a lot less elsewhere for a better policy.

Term Life Insurance Quotes

Term life insurance has allowed millions of Americans to secure the financial future for their dependents at affordable prices. As healthcare costs increase, getting an affordable term life insurance quote is now an absolute necessity. With thousands of products to choose from, it is often a daunting task to research for the one which will give you the best value for your money.

Internet based research seems to be the best solution before you decide to meet an insurance agent at an office. There are various online quote processing companies nowadays, who can give you a premium rate quote absolutely free of charge and with no obligations based on your personal requirements. These online intermediaries help do an extensive comparison shopping utilizing the latest technologies. This will facilitate the bench-marking process before you can make a conscientious decision for the term life insurance. Based on this information, you can have a knowledgeable discussion with your insurance agent to make your final choice. Companies offer one-year, five-year, 10 / 20 year polices along with adjustable policies to suit the customer’s priorities. This helps in getting insurance coverage within affordable expenditure levels.

Over the last couple of years, term life insurance has become a commodity due to tough competition among the companies. Moreover, online instantaneous comparison shopping has also transferred the market control to the buyer resulting in lower premiums and better services. If you are not interested in building cash value from your life insurance through investments, term life insurance seems to be the cheapest and the most intelligent decision for just pure life insurance.

Under 25 and Buying Your First Car?

Being able to go where you want, when you want is something most young people dream of.

However, there is no denying that buying and insuring your first car if you are under 25 and a newly-qualified driver can be expensive.

We have some tips to help you to get the most for your most of your money.

The amount of insurance a driver pays is not only affected by their age and length of driving experience.

The make, model, performance level (engine size) and age of a car are all factors the insurers use to assess the annual premium. This is because all insurance is based on risk, in this case the likelihood that the insurer will have to pay out for a claim if you have an accident or your car is stolen.

The cost of repairs and replacement parts is also including in the risk factors.

Insurers refer to a ranking list calculated by a body called the Group Rating Panel, made up of representatives of the insurance industry, the Association of British Insurers (ABI) and Lloyds Market Association.

The panel uses all this data to place cars into one of 50 groups with Group 1 being the lowest and cheapest ranking and 50 being the highest. Insurers then use this information to quote you a price for insuring your vehicle.

The cheapest ones to insure will therefore be those that tend to be less expensive, low-specification models with smaller engines.

If you then add into this calculation your age and inexperience as a driver, it’s easy to see that a luxury, high performance car is going to be well beyond affordability for most young people.

When looking for a car to buy, therefore, any of the mainstream makes, such as Ford, Renault, Vauxhall or Honda with an engine size below 1.3 is likely to be the cheapest to unsure.

There are other things young people can do to bring down the cost of their car insurance. These include adding security immobilisers and alarms, but make sure they are ones approved by the insurer.

You can also take the Pass Plus qualification after you have passed your test and some insurers will also offer what is called Black Box Insurance. This involves having a “black box” monitor fitted to your vehicle, which tracks and records your driving behaviour, such as acceleration, speed, braking and the times of day when you drive. The information is used to reward careful drivers by reducing their insurance costs.

Healthcare Reform Questions?

Healthcare reform has caused a lot of questions to be asked over the last couple of years. One of the questions that we hear quite often is “When do I HAVE to buy health insurance?” Another way to frame that question for those who have had trouble getting coverage might be “When do I GET to buy health insurance?”

If you don’t have health insurance already through an employer or some other outlet, in the past, you could have purchased coverage any time you wanted to if you could qualify. That is all going to change.

Starting this year on Oct. 1st, the first annual open enrollment period began. The open enrollment period this year will be from Oct. 1 to March. 31st. In subsequent years open enrollment will mirror the Medicare open enrollment which is Oct. 15th to Dec. 7th. So as you can see, in subsequent years the window of opportunity will be much smaller than it is this year. That is significant for a number of reasons.

During open enrollment you do not have to answer health questions or satisfy any pre existing waiting periods. In fact, starting in 2014 you will not be able to purchase an individual health insurance policy any time, other than at open enrollment! The only exception to this rule is if you have what is being called a life event during the year. A life event is any significant change in your life such as birth or adoption of a child, marriage, divorce or any involuntary loss of coverage. These events will allow you to be able to buy coverage, but other than that you will not be able to, except during open enrollment. This is important because, barring any change from Washington; the individual mandate goes into effect Jan 1st of 2014. The mandate states that if you do not have coverage by Valentine’s Day then you will be subject to the penalty. The first year the penalty is $95.00 or 1% of your income, whichever is greater. The penalty increases substantially the second year and continues to increase every year thereafter.

Anther aspect of paying the penalty instead of buying insurance that is not being talked about is that if you get sick, you still don’t have insurance and will have to pay all your medical expenses out of pocket.

One advantage of shopping for individual health insurance through the public exchange is, if you qualify, you may receive a substantial subsidy that will decrease the amount you have to pay for coverage. This subsidy is based on income and can be quite generous. Other than that you will still have the private insurance market to shop for health coverage, but only during open enrollment.

As with any financial decision, you need a qualified professional to help you make the right decision for you.

Life Insurance Providing Little Protection from Terrorism

Recent statements by the City of London Police Commissioner James Hart that future terrorist attacks in London’s financial centre are, “a matter of when, rather than if”, will increase already serious concerns over issues of personal and business financial protection.

Mr Hart’s statement pointed out that, “if you want to hurt the government, hurt people at the same time, and you want to cause maximum disruption…where better to hit than at the financial centre?”

Mr Hart also echoed a report by the insurer Axa which warned that just under 50% of small firms do not have a plan in place to ensure that their business could survive should they be hit by an emergency or disaster. Axa highlighted that many businesses, especially in the South East danger zone, are not even covered against general risks such as fire and flood, which have a much greater chance of hitting a business than the now high profile terrorism threats.

The research carried out by Axa found that almost one in five small to medium-sized firms had been hit by some form of disaster and about 5% of them took more than a year to get their businesses back on track. Any company that does not have cover against potential future disasters could stand to lose large sums of money, or even go out of business, if the Commissioners warnings go unheeded.

Emergency services workers are also experiencing additional worries about their financial protection in light of the terrorist attacks. Somerset fire-fighters have recently temporarily called off threatened industrial action amid claims they may not be insured for dealing with terrorism. In a postal ballot, Union members had previously overwhelmingly voted in favour of taking some form of industrial action short of a strike, such as refusing to train on specialist equipment which can be used in response to terrorist incidents. The actions have been called off pending a report due next month from a working party which has been set up with the Somerset Fire and Rescue Service to study the fire-fighters’ personal insurance.

Adrian Woollaston, of the Somerset branch of the Fire Brigade Union said: “Somerset fire crews want our employers to address our very real concerns and this gives an opportunity for them to do so.”

The fears experienced by the fire-fighters revolve around exclusions which added to many group life insurance policies that prevent pay-outs being made should the policy holder be injured or killed as a result of a terrorist attack.

The Association of British Insurers has sought to reassure emergency workers who may die as an indirect consequence of terrorist events by stating, “exclusions do not generally apply on stand-alone life assurance policies, regardless of the occupation of the policyholder”, however, they also indicate that “other personal insurance cover” such as personal accident, mortgage protection, income protection and critical illness cover are usually subject to exclusions.

This would mean that many existing insurance policies held by emergency workers to protect their future and that of their family, such as mortgage payment protection, may not provide any cover in the event of a terrorist attack.

Searching through all the available insurance policies using information sites like Moneyfacts or Moneynet can go some way to helping by providing guide information and price comparisons, but more needs to be done.

Sam Oestreicher of Unison said, “We are asking all insurance companies to look at their policies and if they have such exclusion clauses to drop them”.

Carefully checking through the various complicated clauses inherent in financial policies is something many consumers prefer to ignore, but as the fire-fighters are currently finding out, it is vitally important in order to ensure the protection is there.

First-Time Traveller? Why You Need Single Trip Insurance

Heading off to a foreign country for the first time can be one of the most exciting experiences a person can have. Like every new venture, however, the success of your trip depends on how prepared you are. Doing basic research on your destination will not only ensure you get the best deal possible, but also that you get the most out of your trip in terms of visiting the best attractions. You’ll learn more about the sites of historical and cultural significance, sampling the best food and wines, finding the best souvenirs, as well as avoiding the obvious tourist traps and more unsavoury neighbourhoods.

If you do extensive research, one of the things that will invariably come up is the need for single trip insurance. (If you plan on going away more times in the same year you may be better off investigating multi-trip policies.) Listed below are a few reasons why having proper cover is vital, especially for the first-time traveller.

It protects you from travel-related financial loss

With advances in technology and infrastructure, foreign travel is a great deal more affordable than in past years – however, it is still far from being cheap. Even if you get the best deal possible, little expenses can pile up, and the majority of the big expenses – such as airfare, hotel reservations, and any tours you may wish to take – will have to be paid in advance. There are also a lot of expenses before you leave that you may not originally take into account, such as vaccinations, new lightweight luggage, or paying for a house or pet sitter. Just as there are things you need to take care of before your adventure even begins, there are also a million things that go wrong even before then. Without single trip insurance, advance payments could be lost if you need to cancel your trip for any reason. A good single trip insurance policy protects you against financial losses related to cancelled trips, as well as in the event you need to cut the holiday short for any reason. Depending on your specific policy, it may also cover theft or loss of property, provide medical coverage in the event of illness or medical emergencies, and protect you against liability in case of accidents.

It helps you make the most of your holiday

In recent years, with the rise in both the air transport and travel industry, travel-related facilities and services have become more streamlined and modern. Travel is now faster, more comfortable, and infinitely safer. However, even when you’re extremely careful, no activity is ever 100% safe. Getting the most of your holiday means trying new things and experiences, and having a good policy can give you peace of mind and the freedom to cut loose and try new things, such as unfamiliar food and experiences. You will also rest easy knowing you are protected from financial loss and have access to medical treatment.

It prepares you for the unexpected

Even if you’re extremely conscientious, there’s just no way to plan for every eventuality, especially if it’s your first time-and that’s part of the fun of life in general! But having single trip insurance in place can help you deal with unexpected bumps and issues during your holiday, in ways you may not even imagine.

Commercial Insurance Claims at the Zoo

So the word is out: a child makes his or her way into the gorilla arena at the zoo; there is a ten minute interlude; the zoo decides to shoot the animal in order to protect the child. The result is one dead gorilla, one safe child, two grateful parents and scores of relieved but grieving zookeepers.

What follows next is something that can only be explained as sheer pandemonium! The public outrage and outcry is currently at a level that is rarely seen. Poor child? Poor parents? Poor zoo? Or poor gorilla?

If surface appearances mean anything at all, at the rate the comments are being posted everywhere on social media, the gorilla has actually been deemed the genuine liability victim with the most votes of sympathy.

This article is in no way about to conform to society’s norms and vote any which way except to confirm that it sure is good that the institute of commercial and personal insurance is a vibrant force in today’s business and personal world. Without doubt, insurance claims and lawsuits are about to follow, spurring more interest and debate about something that to many is a clear cut, open and shut case of cause and effect.

In general, brushing up on some tips at home before getting into your family car and driving off to the zoo is a very good idea.

• Never allow children to irritate the animals. Knocking at glass enclosure windows or bars, making fun of them in any way or doing anything that would cause them to become irritated can lead to the animal getting angry and behaving violently or dangerously.

• Never lift a child above safety guards that are installed in order to prohibit contact with caged animals. Unfortunately, doing so is only flirting with danger. Accidents do happen even though we would all wish them to vanish in thin air. And there have been cases where children have involuntary been dropped to face the ferocity of wild zoo animals.

• Keep an active eye on children at all times. Children will be children and wild animals will be wild animals. As the gorilla scenario clearly paints, no matter how impossible it appears, little ones can and do find a way to enter what may seem like an impossible entrance way and an all-too risky encounter.

• Train kids to ask for help from the right type of people in the event they find themselves astray in the zoo. Authorized zoo workers, police officers and women who are with other children are the safest type of people a lost child should go to for help. Parents should compensate for a small child’s lack of your contact info knowledge by attaching a phone number prominently on clothing.

Notwithstanding the noisy commotion posted in the media coverage, a zoo can be the best place for a family to spend quality time with loved ones – not something to be taken lightly in life!

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