Co-Insurance is a clause imposed on most commercial property insurance policies that requires you to insure your property up to a certain limit of insurance (usually 80%-90%, sometimes 100%). This means that if you you fail to insure your property to full value, you have become a "Co-Insurer" on your property & in the event of a claim you could be looking at a penalty.
Now we understand that if we under-insure our property, in the event of a total loss, we are short the difference. Take that same concept & apply it to a smaller loss:
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Still haven’t made a list of your home’s belongings? What are you waiting for? If you read my other articles, you know it’s not as daunting as it seems. OK, I understand. You just haven’t found the right time to do it. You haven’t found a good enough opportunity to plunge into this task. Well, let’s make a deal. If I give you three good opportunities when you should do an inventory, will you do it? Great! Here are three good times to conduct a home inventory.
During spring cleaning. Now, I know I advise you to clean your home prior to conducting an inventory, so you can logically conclude that any time you are cleaning your home, it’s also an excellent opportunity to make a list of your stuff. Now, when I say cleaning your home, I’m not talking about when you move stuff around, because company is coming over. I’m talking about a thorough cleaning. Spring cleaning is the time when you move furniture away from the walls to mop behind it. While the computer desk is away from the wall, take a moment to copy down the serial number, make, and model of your monitor, printer, and CPU. When the entertainment center is away from the wall, get the information from the back of your DVD player, television, and stereo. You get the point. This is a classic opportunity to kill two birds with one stone.
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After many years of working in healthcare IT services, we have seen many clinics, IPAs and practices only look at the obvious surface requirements when evaluating their Practice Management (PM) software application. We encourage these same parties to dig a bit more and evaluate some of the deeper issues that lie underneath you decision on what practice management system to use in addition to all of the more obvious criteria.
Did I pick that insurance?
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Travel insurance is a good idea, especially on long international trips. So many things can go wrong on a trip. When they do go wrong, you find yourself isolated and alone in places you don’t understand well. If you and your family travel a lot, purchasing an annual family travel insurance policy can help protect you and your family from the unknowns that can happen when you travel, allowing you to relax and enjoy your time traveling together.
There are two types of insurance-simply choose the plan that suits your needs:
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Travel insurance can be bought from a variety of places now such as department stores and travel agents and at reasonable prices. However, these benefits don’t mean that you should rush into getting your insurance; it is always worth remembering that not all policies are the same.
In some cases, travel insurance is given away free with another product, if you have got it for free it is worth reading the small print to see what you are covered for. If you are not sure what important essentials your policy should include, here is a rough guide to what the Foreign and Commonwealth Office recommends you’re covered for:
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For many of us going on holiday is a fun, adventurous and exciting time, however; there are some who aren’t that lucky.
Every year travel insurance companies receive numerous claims as a result of holiday disasters. Here are just a few of the more bizarre claims that insurers deal with:
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After many years of working in healthcare IT services, we have seen many clinics, IPAs and practices only look at the obvious surface requirements when evaluating their Practice Management (PM) software application. We encourage these same parties to dig a bit more and evaluate some of the deeper issues that lie underneath you decision on what practice management system to use in addition to all of the more obvious criteria.
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With ample opportunities for billing errors within today’s complex health care claims and reimbursements systems, it’s a wonder people carrying individual medical insurance don’t spend more time carefully checking each Explanation of Benefit (EOB). The EOB shows what was charged less what the insurer agreed to cover, the balance being what you owe. Checking your EOB is the first line of defense against overpaying on a health insurance claim.
Your EOB may not reveal a lot, but you can check to see that your name, address, and policy information are correct. You should also confirm that you were charged the "allowable" rate set by your insurer and not a penny more. Deductibles can be as high as $10,000, and payment comes entirely from your bank account, which makes group discounts all the more important.
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For the last couple decades our country has faced a huge problem that has been getting bigger every year, health care. The cost of insurance has spiraled out of control to the point where companies can no longer afford to offer benefits and the average individual can’t pay the premiums. A family would have to pay hundreds a month, in many cases more than rent, making it the largest expense they face. The insurance industry has made moves to save themselves money, but it sure doesn’t seem that those savings are being passed on and the medical profession hasn’t shown any interest in making their services less expensive.
Medical insurance is a big issue every election year and we hear stories on the news all the time, but remedies never go past talk. It is estimated that 7 out of 10 Americans are either under insured or completely uninsured leaving us in a crisis. Our country has the best medical care in the world available, but millions of people are putting off doctor visits and procedures simply because they can’t afford the bill. Not only does this effect a persons quality of life in the short term but also can lead to much bigger, more expensive problems in the future. I know because I was one of these people. After years of putting things off because I could hardly pay the bills I already had, my health started to deteriorate. The bills were going to be bigger than they would have been several years before but if I took care of things at that time I could be facing a large debt.
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