Uninsured motorist insurance is a type of automobile insurance that protects a driver if they are involved in an accident with someone who does not have liability coverage. The options and limits for this coverage vary by state.
A:Sinkhole insurance is a form of coverage that is usually required for mortgage in areas that are prone to sinkholes. The state of Florida is a good example of where sinkholes are common, making sinkhole insurance necessary for homeowners. Florida Statute 627.706 requires every insurance company to sell insurance for catastrophic ground cover collapse. Sinkhole coverage is usually an additional item in the home owner's insurance policy.
A:There are two types of braces that could conceivably be covered by PeachCare for Kids. The first are dental braces, which are not covered. The second are orthotic braces, which may be covered if deemed medically necessary, according to the Georgia Department of Public Health.
A:An insurance policy number is required to file a claim or retrieve policy-specific information. Acquire this number by accessing policy documentation or contacting the policy insurance carrier. Be prepared to disclose personal identification information, such as your social security number or account number.
A:The 100-year floodplain is land that is predicted to flood during a 100-year storm, which has a 1 percent chance of occurring in any given year according to the U.S. Geological Survey. A 100-year storm is defined by the USGS as rainfall measuring 15,000 cubic feet per second.
A:The fundamental purpose of insurance is to spread out the risk of individual investments among many parties to reduce the risk to any individual member of the pool in the event that an investment fails. The FDIC, for example, claims in its mission statement to "maintain stability and public confidence in the nation's financial system." It does this by accepting the risk of depositors, which guarantees the solvency of banks.
A:A term life insurance policy is a straight-forward product where a person pays monthly premiums in exchange for a guaranteed death benefit. It is called a "term" policy because it covers the insured person for a certain amount of time, often 10 to 30 years.
A:The general liability class codes group businesses into categories so insurance companies can issue general liability insurance to protect them against hazards and risks specific to their categories. The A-to-Z code list includes categories ranging from abrasive wheel manufacturing to zoos.
A:According to Gwen Moran for HouseLogic, mold damage is not usually included in basic home insurance policies. Sometimes, insurance companies still cover the cost of mold damage, as long as it is caused by another issue that preceded or caused the mold damage. If mold damage occurs as a result of the homeowner's neglect, insurance companies are highly unlikely to reimburse the cost of remediation.
A:When insurers calculate the premiums for a life insurance policy, a young individual in relatively good health is expected to have a long lifespan, which lowers the premiums. A person with a short life expectancy presents a higher risk for the insurance company, which raises the premiums, according to Investopedia.
A:The cost of builder's risk insurance varies greatly, depending on factors such as the size and value of the project being insured, its location and other factors. Risk insurance protects builders financially from property and liability losses sustained on building projects, according to Square One Insurance.
A:A flood insurance rate map, or FIRM, is the official map that outlines a community's floodplain boundaries, flood elevations and flood zones. FIRMs, created by the National Flood Insurance Program, are used by property owners, renters, lenders and insurance companies to determine a property's flood risk.
A:Personal lines insurance is insurance that is offered to individuals and families rather than organizations and businesses. The most common types of personal line insurance are property and casualty insurance, which includes automobile, homeowner and renters insurance. The rates of insurance vary depending on geographic location and the level of risk that individuals have.
A:A flood elevation certificate is a signed document written by a surveyor, engineer or other professional that shows the data necessary for rating property for flood insurance. It helps to determine the location of a property in relation to the base flood elevation (BFE).
A:According to National Public Radio, Christian insurance is a designated health care sharing ministry comprised of members who share similar religious beliefs and agree to cover the costs of medical services as a group. It is one alternative to meeting the "individual mandate" required by the Affordable Care Act.
A:Supplemental life insurance fills in the gaps with more coverage beyond an employer's plan at work, according to Bankrate. People may undergo medical evaluations to qualify for supplemental life insurance to ascertain the best rate that fits their medical profile. Supplemental life insurance stays with the insured person no matter where that person works.
A:The majority of people in the United States become eligible for Medicare once they reach the age of 65. An individual must be a citizen of the United States or a permanent legal resident and must meet requirements for Social Security or railroad retirement benefits.
A:According to a 2013 report from the U.S. Department of Transportation's National Highway Traffic Safety Administration, there were 5,615,000 car accidents in the United States in 2012. In 2011, there were 5,338,000 car accidents.
A:Join the American Automobile Association, or AAA, most conveniently by accessing the official AAA website. There, you can compare the various member plans, choose the right one for you, fill out the application and pay the applicable fee. You can also join by mailing in an application or visiting a AAA shop.
A:Medicaid typically provides services that cover vision benefits, including eye exams in most states. The frequency individuals may receive an eye exam varies from state to state. Children under 21 can receive eye exams, eyeglass frames and lenses under a Medicaid program.
A:When researching auto insurance policies, consumers should get at least three quotes from competing companies, either by contacting respective options via phone or online. Side-by-side comparison quotes are helpful because they allow people to quickly see differences in available coverage limits.
A:A number of auto insurance companies provide short-term or temporary vehicle insurance. These policies, which can provide coverage from one day to eight months, are procured in the same manner as traditional auto insurance policies. However, because of their limited supply (not all insurance providers offer short-term auto insurance) and relatively high-cost, it is essential to review as many temporary plans as possible.