May 7th, 2012
TripInsurance.com has announced that it is now offering a new product as a part of its available travel insurance options, that will provide policyholders with coverage for evacuation in non-medical emergencies.
This trip coverage will be underwritten by US Fire Insurance Company and BCS Insurance Company, and will provide customers up to $25,000 in payments to cover their return to safety should their destination experience a man-made or natural disaster, or resulting from political issues that are covered by the policy.
This new protection is different from medical emergency evacuation protection as it covers unforeseen disasters.
Examples of the type of situation where this travel insurance would apply include Hurricane Katrina, Cairo’s political crisis, and the Japan quake, tsunami, and nuclear emergency. P
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Tags: Coverage, Lifesaving Coverage
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June 20th, 2011
The Federal Emergency Management Agency (FEMA) wants Congress to encourage private insurance companies to provide coverage beyond the current limits for flood insurance. Since the limits for the National Flood Insurance Program havent been raised since 1994, FEMA hopes insurers will consider pushing the limit on their own.
FEMA is Encouraging Insurers to Push Limits Upward
FEMA chief, Craig Fugate, told the Senate Banking Committee on Thursday that he thinks the limits on flood insurance coverage should be adjusted upward, which would more accurately reflect the level of risk for floods assumed by the program.
However, he explained that doing so could have too great an impact on flood insurance policyholders who are accustomed to paying a certain amount. Fo
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Tags: Coverage
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June 18th, 2011
The Federal Emergency Management Agency (FEMA) wants Congress to encourage private insurance companies to provide coverage beyond the current limits for flood insurance. Since the limits for the National Flood Insurance Program havent been raised since 1994, FEMA hopes insurers will consider pushing the limit on their own.
FEMA is Encouraging Insurers to Push Limits Upward
FEMA chief, Craig Fugate, told the Senate Banking Committee on Thursday that he thinks the limits on flood insurance coverage should be adjusted upward, which would more accurately reflect the level of risk for floods assumed by the program.
However, he explained that doing so could have too great an impact on flood insurance policyholders who are accustomed to paying a certain amount. Fo
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Tags: Coverage
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January 25th, 2011
ABC News may have helped the wife of a Vietnam War vet avoid getting her insurance coverage axed over a two-cent error. ABC News says when the cancer patient made a payment to Ceridian, the company that distributes the couple’s COBRA insurance, they made a two-cent mistake. The check was made out for $328.67, when it should have been $328.69. That mistake prompted the insurance company to cancel coverage.
When the company found that the couple had not made their full payment they issued this statement, “We did not receive a full and timely payment and [the insured] was provided several notices of the shortage and a grace period reminder notice on the last invoice, along with extended grace dates as provided for under COBRA regulations,” the company said according to reports. “Sinc
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Tags: Cancer Patient, Coverage
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June 17th, 2010
Check Car insurance quotes to know the right amount of deductibles on your car coverage. A deductible is the sum you pay before your car insurance company pays for any claim. Your insurance company offers deductibles on coverage in policies.
Choose a deductible that not only depends on the coverage but also the kind that you would be able and willing to pay during a claim. Choose a deductible based on your risk tolerance level. You insurance company can help you choose the right deductible for you.
The most common coverage that offers deductible is the physical damage coverage. It comprises of comprehensive and collision cover for the vehicle.
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Tags: Car Insurance, Coverage
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June 12th, 2010
Fact: 6,000 Pedestrians Killed Each Year In U.S.
Medical payments coverage is a type of medical coverage offered in auto insurance policies. Each state has different requirements as far as auto insurance is concerned. While some states may require you carry this coverage, others may have medical payments coverage an optional coverage. Although medical payments coverage may offer greater flexibility in health care, some find it unnecessary to purchase if in fact you already have a health insurance policy.
What Exactly Does Medical Payments Coverage Cover?
This coverage pays for medical expenses and sometime the funeral expenses for you and others riding with you as passengers.
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Tags: Coverage, Medical Payments, Medical Payments Coverage, Payments Coverage
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