The health insurance reform is one of the most significant events currently taking place in the NC insurance world. The reform comes with a lot of changes (some good and some not so good) and a lot of questions. But one of the most important unknowns of the reform is currently being looked into by the Institute of Medicine.
What counts as an “essential health benefit?”
Next stop on our back to the basics of insurance journey, business insurance! If you run a small business, it means you’ve probably put a lot of time and money into starting and keeping that business afloat. Therefore, North Carolina business insurance might be your best friend and you don’t even know it. The proper policy is a necessary cost to physically and financially protect all of that time, money and effort that goes into jump-starting and running your own small business. So don’t let the right coverage slip through your hands just because you don’t have the right understanding of what your business needs!
Basically to sum it up, there are three types of insurance for your business: property, liability, and coverage for your workers. Continue reading for the nuts and bolts of each type of policy.
Every decision includes several different factors that need to be considered before it is made. What are the factors that you should consider when deciding if you need an umbrella policy? Charlotte, NC insurance umbrella coverage serves as protection for individuals who face the possibility of lawsuits or have valuable assets to protect. Are you at risk?
What if a fire were to occur destroying your home and everything inside? Would you be properly covered with the appropriate homeowners’ insurance policy? Home insurance protects your home, its contents and your other assets in the event of fires, theft, accidents or other catastrophes. Continue reading for the all of the fundamentals of Charlotte home insurance such as what is covered under your policy and how much coverage you need!
The minute you purchase your first car, continually searching for the best and cheapest auto insurance coverage becomes a reality. Since Charlotte insurance auto coverage is a fact of life, it is best to know as much about it as possible in order to make the most informed decision when choosing your policy. What kind of coverage goes into an auto insurance policy? How much coverage do you need specifically and what are the North Carolina requirements for auto insurance? Continue reading to find out!
Health insurance is an industry with a vast variety of options, meaning it’s impossible to pinpoint the exact best one. Instead, health insurance policies should be purchased according to each individual and their special circumstances. However, although the final decision on which type of policy is best for you and your family is ultimately yours, there are some easy and smart guidelines to help direct you in your selection. By learning the basics of North Carolina insurance health plans, you will be better informed in your decision and in the end save the most money and choose the ideal coverage for you.
Do you think the proper liability insurance is an unnecessary extra for your business insurance policy? Read the following stories from AboutLawsuits.com and you might rethink that.
Recently a study done by a Washington-based research group looking into the need to update roads and bridges across the country found that South Carolina has the most dangerous rural roads in the nation. The research group (TRIP) found that South Carolina had 4.7 fatalities per 100 million rural miles driven in 2009. North Carolina wasn’t too far behind, ranking 11th nationally with 2.74 deaths per 100 million miles driven on rural roads.
Rural driving is considered anything outside of the commuting zone of cities with a population of 50,000 or more. The common problem with these country roads and especially in South Carolina is that they tend to have very narrow lanes. The study found that 34% of fatal crashes on the roads were a result of a vehicle going off of the road. The other major cause of fatal accidents was head-on collisions at 15%.
What must you do to protect yourself against those dangerous country roads?
Ten years ago from Sunday September 11th, approximately 3000 lives were lost to a horrible act of terrorism against the United States of America. September 11th, 2001 was a horrible day in American history that will never be forgotten, and we must always remember those that lost their lives in the unimaginable act. Not only did America suffer emotionally, but economically the loss was extreme. It is estimated that in regard to U.S. property loss andinsurance cost the total caused by the act of terrorism was from $30 to $40 billion.
In North Carolina alone, two devastating disasters occurred in 2011, starting with the April 16th tornadoes that caused overwhelming destruction across the state and most recently the flooding and damage from Hurricane Irene. But what do all of these costly disasters mean for the insurance industry?
In 1968, Congress created the National Flood Insurance Program (NFIP) in order to enable homeowners, renters and business owners to purchase insurance coverage in the event of a flood. It is believed by some that a homeowners’ insurance policy will offer coverage of flood damage, however that is an incorrect assumption. For protection against flood damage, a flood insurance policy is needed. NC insurance coverage for a flood is a special policy backed by the Federal Government (NFIP) along with local communities and private insurance companies.
Flooding can happen anywhere and at anytime, but certain areas are considered more prone to serious flooding. Often times, if a home is located in a moderate- to high-risk flood zone, then homeowner’s are required to purchase a flood insurance policy (lenders require it before giving you a mortgage). However, considering it is a relatively inexpensive cost, should everyone contemplate purchasing flood insurance coverage?
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