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
Insurance coverage for orthognathic surgery, which corrects jaw alignment and bite problems, varies by individual insurance policy. In general, medically necessary surgeries that improve function are more likely to be covered than surgeries that are primarily cosmetic. If your surgery is deemed medically necessary, your insurance may cover a portion of the costs, such as … Read more
Determining insurance coverage for pitch fibre drains involves understanding specific policy terms and exclusions. While some policies may provide coverage for damages caused by drain defects or failures, coverage for pitch fibre drains can vary depending on the policy’s language. It’s crucial to review the policy carefully and consider factors like the age, condition, and … Read more
Insurance agents act as intermediaries between insurance companies and policyholders. They receive commissions from the insurance companies for selling their policies. These commissions are typically a percentage of the premiums paid by policyholders. Additionally, some agents may charge additional fees for their services, such as application fees or consulting fees. These fees vary depending on … Read more
If you decide to terminate your insurance policy before the coverage period ends, you may encounter specific consequences. Depending on the type of insurance, you might have to pay a cancellation fee to the insurance company. This fee compensates them for the administrative costs associated with processing your cancellation request. It’s important to check the … Read more
Litholink is a procedure used to diagnose and treat problems in the bile ducts. It involves inserting a thin, flexible tube into the bile ducts to take images and remove any obstructions. Insurance coverage for Litholink varies depending on the insurance provider and the specific plan. Generally, Litholink is considered a medically necessary procedure and … Read more