When insurance is primary, it means that it is the first payer for medical expenses. This means that the insurance company will pay for covered services before any other insurance policies. Noncontributory insurance is insurance that is not paid for by the employee. Instead, the employer pays for the insurance. This type of insurance is … Read more
Generally, campervan insurance tends to be less expensive than van insurance. This is primarily because campervans are classified as recreational vehicles, which typically come with lower insurance premiums compared to commercial vehicles like vans. Insurance companies consider campervans to be less risky to insure since they are not used for commercial purposes and are often … Read more
Self-insurance is a risk management strategy where an organization or individual assumes the financial responsibility for potential losses instead of transferring them to an insurance company. By retaining the risk, the organization forgoes the premium payments typically made to an insurer. However, it also assumes the full financial burden of any covered losses. The main … Read more
Failing to obtain SR22 insurance can result in severe consequences. It may lead to suspension or even revocation of your driver’s license, prohibiting you from operating a motor vehicle. This can have a significant impact on your ability to commute, work, and engage in other daily activities that require driving. Additionally, driving without a valid … Read more
Private insurance companies are subject to regulation by various state and federal government agencies. At the federal level, the Department of Health and Human Services (HHS) has oversight over the private health insurance industry through the Centers for Medicare & Medicaid Services (CMS). CMS enforces federal laws that govern the operation of private health insurance … Read more
Insurance coverage for boat theft typically depends on the specific insurance policy and its provisions. Many homeowners and renters insurance policies extend coverage to boats and other personal property, including theft coverage. However, some policies may have limitations or exclusions related to boats, such as size or storage location. It is important to carefully review … Read more
Homeowners insurance coverage for tree root damage depends on the cause of the damage. Policies typically exclude coverage for damage caused by tree roots to structures and personal property, such as fences, decks, or pools. However, some policies may provide coverage if the damage is caused by a covered peril, such as a windstorm or … Read more
Whether your car insurance covers weather damage depends on the specific type of damage and your policy’s coverage. Comprehensive coverage typically includes damage caused by hail, wind, lightning, and other weather-related events. However, it’s important to check your policy carefully to determine what types of weather damage are covered and any applicable deductibles. If you … Read more
Keyman insurance is life insurance on a key employee of a business. The premiums paid for keyman insurance are generally not taxable to the business. However, the proceeds received from keyman insurance are taxable to the business if the business is the beneficiary. The proceeds are taxable as income to the business in the year … Read more
USPS First Class Insurance provides coverage for your mail or package if it’s lost or damaged during transit. The cost of insurance depends on the value of the item you’re sending. For instance, adding $50 of insurance to a First Class package costs $2.25, while adding $100 of insurance costs $3.20. You can purchase insurance … Read more