**Who is responsible for buildings on leasehold property?** A leasehold property is one that is rented from a landlord for a fixed period of time, called the lease. The lease will set out who is responsible for maintaining the buildings on the property. In general, the landlord is responsible for maintaining the structure of the … Read more
Tubular breast surgery, a procedure that reshapes the breast to improve its appearance, is often covered by health insurance. However, coverage depends on the specific policy and the reason for the surgery. If the surgery is considered medically necessary, such as correcting a breast deformity that causes pain or discomfort, it is likely to be … Read more
Prenatal vitamins, which are essential for supporting a healthy pregnancy, may be covered by your health insurance. The coverage varies depending on your insurance plan and the specific vitamin brand or prescription. To determine if your prenatal vitamins are covered, you can check with your insurance provider or review your plan’s coverage details. Some insurance … Read more
Black boxes are devices that insurance companies can install in your car to track your driving habits. They can collect data on your speed, braking, and acceleration, as well as your location and the time of day you’re driving. This data can be used to determine your risk level as a driver, and insurers may … Read more
**Steps to Determine Your No Claim Bonus (NCB)** 1. **Examine Insurance Policy Documents:** Review your existing car insurance policy or previous policies to find the NCB percentage or discount information. It may be indicated as a discount or a percentage reduction in the current year’s premium. 2. **Contact Insurance Provider:** Get in touch with your … Read more
Insurance companies typically cover mobile homes under homeowner’s or manufactured home insurance policies. These policies provide protection for the structure of the home, as well as for personal belongings inside the home. Coverage can include protection against damage caused by fire, theft, vandalism, and natural disasters such as hurricanes and tornadoes. In addition, liability coverage … Read more
If someone hits your parked car, it’s important to determine who is at fault. If the other driver is found to be at fault, your insurance company may not have to pay for the damages to your car. However, even if the other driver is at fault, your insurance rates may still go up if … Read more
If you’re involved in a rear-end collision, it’s crucial to consider your options carefully before deciding whether to file a claim with your insurance company. Here are some key considerations: – Severity of the accident: If the accident caused significant damage or injuries, filing a claim would likely be beneficial. Even if there is no … Read more
An insurance policy is considered actuarially fair when the premiums paid by policyholders over the life of the policy are equal to the total amount of claims paid out by the insurance company plus the expenses incurred in running the insurance business. In other words, the insurance company doesn’t make a profit or loss on … Read more
As a condo owner, you may wonder if you need flood insurance. Even though you’re not on the first floor, floods can still damage your condo. Water can seep in through the walls, floors, and ceilings, causing significant damage to your belongings and the structure of your unit. Flood insurance can provide financial protection for … Read more