American Agents Alliance

OCTOBER 24, 2024

By Mark Robinson In July 2024, a significant class action lawsuit was filed against the California FAIR Plan, accusing the state’s fire insurance backstop of improperly denying smoke damage claims in violation of California Insurance Code Sections 2070 and 2071.

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Paragon Independent Insurance Agencies

JULY 31, 2024

Our knowledgeable agents at Paragon Independent Insurance Agency in Plano, TX, are here to help. A home insurance deductible is the money you must pay out of pocket when filing a claim before your insurance kicks in. You will be responsible for paying a deductible out of pocket every time you file a homeowner claim.

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TGS

OCTOBER 28, 2024

Simply put, a deductible is the amount you agree to pay out of pocket before your insurance kicks in after a claim. It’s a bit of a balancing act: on one hand, a higher deductible can lower your monthly premiums, but on the other hand, it means you’ll pay more out of pocket in the event of an accident.

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Word & Brown

SEPTEMBER 13, 2024

That includes understanding what plans offer the lowest and highest out-of-pocket costs, including deductible, copays, and coinsurance. Staying in network will be important to minimizing your clients’ out-of-pocket costs. You could also be asked about a plan’s claims efficiency rating or A.M.

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PSM Brokerage

DECEMBER 5, 2024

For agents, this is an incredible opportunity to align with a brand that consumers already know and trust. Here’s what makes Allstate Medigap plans stand out: Trusted Reputation : With decades of experience, Allstate is a name that inspires confidence, making your job as an agent easier when selling their plans.

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PSM Brokerage

DECEMBER 5, 2024

Why Agents Should Sell Aflac Medicare Supplement Plans When it comes to trusted names in the insurance industry, Aflac stands out as a company synonymous with reliability, innovation, and client-focused solutions. Medigap plans not only meet this need but also create opportunities for agents to build long-term client relationships.

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Smart Insurance Agents

AUGUST 31, 2024

Wondering if your health insurance cover wisdom tooth removal? It often depends on the specifics of your plan and whether the procedure is deemed medically necessary. Understanding whether does health insurance cover wisdom tooth removal can help you make informed decisions about your dental care.

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Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Louisiana Insurance Commissioner Tim Temple – a self-described “unicorn” among insurance regulators, given his decades-long background in the industry as an agent, broker, and company president – even renamed programs to address “legal system abuse” when he assumed office in January. We want to pay claims as expeditiously as possible….

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Smart Insurance Agents

OCTOBER 16, 2024

Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. Choosing the right broker involves verifying credentials, reading client reviews, and scheduling consultations to ensure tailored support throughout the insurance enrollment and claims processes.

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Jackson & Jackson

APRIL 10, 2024

It protects you from claims arising from accidents or injuries on your property. Assessing the Value of Your Property Accurately The value of your property directly affects your insurance premiums and the amount you’ll be compensated in case of a claim. However, it also comes with risks that must be managed effectively.

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TGS

OCTOBER 3, 2024

So, not only do these add-ons keep you safe, but they can also keep more money in your pocket. Claims History Both your personal claims history and the history of claims in your area can impact your premium. Deductible Amount Your deductible is the amount you pay out of pocket before your insurance kicks in.

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Smart Insurance Agents

AUGUST 23, 2024

The MPP aims to provide sponsors with a predictable and stable payment stream through cost sharing mechanisms, which will allow them to manage their risk more effectively. In this article, we will discuss the key features of the MPP, the benefits it offers to Part D sponsors, and the potential implications for the Medicare Part D program.

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TGS

OCTOBER 3, 2023

This proposed estimate can change in price as your agent works to refine your quote so that it’s curated to suit your unique coverage needs. Policy Number If you ever need to file a claim, this policy number is what you will use. This number is sometimes helpful when consulting with your insurance agent, as well. Deductibles 8.

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TGS

OCTOBER 30, 2024

Imagine discovering after a claim that the policy won’t pay enough to replace your roof or cover water damage. Imagine discovering after a claim that the policy won’t pay enough to replace your roof or cover water damage. And don’t forget, certain types of claims—like hurricane damage—can carry their own separate deductibles.

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Smart Insurance Agents

SEPTEMBER 17, 2024

Most insurance providers classify OB-GYNs as specialists, which can influence your coverage and out-of-pocket costs. Insurance companies categorize OB-GYN services differently from primary care, leading to higher reimbursement rates, co-pays, and potential out-of-pocket costs for patients visiting specialists.

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TGS

OCTOBER 25, 2024

Materials weaken, systems wear out, and even the most well-maintained property is subject to the natural process of aging. Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insurance claims.

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Bankers Insurance

AUGUST 8, 2024

Specifically, they may lack sufficient coverage following property losses, forcing them to pay out-of-pocket expenses to fully rebuild. Depending on the severity of property losses and rebuilding operations, these out-of-pocket costs could lead to major financial setbacks or even bankruptcy. inflation).

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Healthinsurance.org

MAY 20, 2024

The story was first reported in early April 2024 by Julie Appleby, and CMS subsequently released a statement, acknowledging the problem and noting that the agency is “ taking swift actions to protect consumers from unauthorized activity by agents and brokers.” 2 HealthCare.gov policyholders at risk So what’s going on here?

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TGS

SEPTEMBER 6, 2023

However, for many home renovation projects, you will need to inform your insurance agent. In order to make sure you have the right continuous coverage, always consult your insurance agent! If you have to file a claim during the renovation, but you failed to report the project to your insurance in advance, it can be costly.

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Jackson & Jackson

APRIL 28, 2024

However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. This lack of understanding can lead to unexpected claim denials when they assume they are covered for specific events. This often happens when trying to save on premiums.

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Property Insurance Centre

SEPTEMBER 25, 2024

Define the maximum amount that you are willing to spend additional in the case of a claim. This way you can avoid situations where you end up finding out what you are not being covered for. Many people make common mistakes when dealing with building insurance, which can result in inadequate coverage or denied claims.

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Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. TIPS FOR BUYING HOME INSURANCE For millions of Americans, home insurance remains an essential financial safeguard. WHAT HAPPENED IN 2023? billion each.

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Jackson & Jackson

APRIL 29, 2024

This means you will pay more out of pocket in case of a claim, but your monthly or annual insurance costs will be lower. The post How to Reduce Your Commercial Property Insurance Costs: Tips and Strategies appeared first on Jackson & Jackson Insurance Agents and Brokers.

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Shield Insurance Agency

APRIL 19, 2024

The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in. This blog post aims to provide a clear explanation of the three primary collision options available to Michigan drivers: Standard Collision, Broad Form Collision, and Limited Collision. Which Option Is Right for You?

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Freeway Insurance

DECEMBER 24, 2024

Even with natural disaster coverage, your policy might not fully account for the increased value of your property, leaving you unprepared for costly out-of-pocket repair bills. However, reviewing your home insurance policy on a regular basis is essential if you want to fully protect your property.

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Jackson & Jackson

MAY 22, 2024

It covers property damage, loss of income, liability claims, etc. Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. However, with great opportunities come great risks.

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Freeway Insurance

NOVEMBER 22, 2023

You may have to pay more out of your own pocket. It was created as part of the Affordable Care Act to make health coverage more accessible and affordable for Californians. The marketplace offers a variety of health insurance options, and you can compare different plans to find one that fits your needs and budget.

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Smart Insurance Agents

OCTOBER 15, 2024

Longer lapses could lead to significant financial penalties, unless exemptions were claimed on your federal tax return, emphasizing the importance of keeping your health insurance active. Here’s what you need to know about potential penalties, changing regulations, and ways to stay covered.

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Smart Insurance Agents

JANUARY 11, 2025

The Importance of Small Business Health Insurance in Texas: Protecting Your Employees and Bottom Line As a small business owner in Texas , you know that taking care of your employees is a top priority. One way to do that is by providing health insurance coverage. One of the primary advantages is that it enhances employee well-being.

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Smart Insurance Agents

SEPTEMBER 28, 2024

Looking for help with choosing the right medical insurance? A broker for medical insurance can simplify the process. In this article, we’ll explain the benefits of using a broker, how to find a reliable one, and key questions you should ask. Get ready to make informed health coverage decisions.

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Smart Insurance Agents

OCTOBER 15, 2024

Gold Plans provide the highest coverage but come with higher premiums, Silver Plans balance costs and coverage, and Bronze Plans have lower premiums but higher out-of-pocket expenses, making them suitable for generally healthy individuals. Silver Plans strike a good balance between monthly premiums and out-of-pocket costs.

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Bankers Insurance

JULY 8, 2024

Employers with workers who travel internationally for business purposes should find out exactly what their health plans cover, in the event the employee needs medical treatment overseas. Companies with employees who travel for business may want to consider supplemental coverage from a travel insurance policy.

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LexisNexis

SEPTEMBER 9, 2024

NY Court of Appeals Says Hospital Shooting Arose Out of Employment. Law § 21(1) that an injury arising in the course of employment is presumed to arise out of employment and be compensable, absent substantial evidence to the contrary. Illinois Workers’ Comp. Comm’n , 2024 IL App (1st) 230609WC, 2024 Ill. LEXIS 819, § 7.04

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R&R Insurance

APRIL 3, 2025

Find an Agent that You Trust When investing in something as important as insurance, it is vital to make sure the people guiding you through the decision-making process are trustworthy. For instance, Don advises that you find an agent who is not selling insurance based off which company will pay them the most.

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PSM Brokerage

NOVEMBER 26, 2024

The proposed rule can be downloaded here: [link] Coverage of Anti-Obesity Medication Since the inception of the Part D program, CMS has interpreted the statutory exclusion of “agents when used for weight loss” to mean that a drug, when used for weight loss, is excluded from the definition of a covered Part D drug.

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Distinguished

MARCH 25, 2025

In short, their value is highly subjective and requires expertise and connections beyond most insurance agents or brokers. This deal shows that these ducks arent just hunting tools anymore theyre priceless examples of American folk art, commanding prices that rival luxury cars. However, not all antique duck decoys are worth six figures.

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PSM Brokerage

APRIL 8, 2025

Below is a breakdown of the most impactful updates agents should be aware of when preparing for the 2026 plan year. Clarified financial liability enrollees cant be held responsible until the MA plan makes a final decision on a claim. Required provider notifications for coverage decisions when acting on behalf of enrollees.

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