Deductible

000/accident), and property damage ($100,000/accident). Under the Oregon Financial Responsibility Law, I am required to maintain at least a minimum amount of liability coverage, this policy enables me to satisfy the requirements of this law. Along with liability coverage, I also have comprehensive and collision insurance. Unlike liability coverage, both collision and comprehensive coverages are designed to pay for the repair of my vehicle if damaged in an accident, regardless of who is at fault. Collision coverages apply when my car hits a nonliving object. For collision coverages, Allstate pays for my damages when my vehicle collides with another vehicle or object, after the $500 deductible is paid out of my own pocket, the remaining damages are covered by Allstate. Comprehensive coverage ($100 deductible) on the other hand applies when the damages of my car are caused by an event other than a collision such as; fire, theft, vandalism, hitting an animal, or flood. One of the thing I like about Allstate is that it offers discounts to responsible and safe drivers. Even the most obvious things such as having passive restraints and antilock brakes can insure you some discounts off of your total premium. Health Insurance In life there are things that are unexpected, unpredictable, and uncontrollable that arise without warning. When dealing with such conditions, it is always important to be prepared for the outcome of an event and have it not happen at all than to not be prepared…

was available with an increase of about 9%. We looked at other carriers, but there were premium increases with them, and the style of the plan would change a great deal. The deductible either increased or the coinsurance changed from 80%/20% to 60%/40% in some cases. This year, our budget will allow us to absorb a slight increase, therefore we have decided to renew with BCBST. We will continue to offer two health plans from BCBST for employees to choose from. Overview of two medical options…

In today’s modern world health insurance is as important as proper nutrition and having adequate shelter; however, it remains one of the biggest obstacles families and individuals in the United States face on a daily basis. The unfortunate reality is, that millions of Americans go without health insurance, and thousands of people die every year due to being uninsured, all the while insurance companies continue to report all-time high profits. In 2014 alone, while the rest of the country…

Economic Issues Simulation Paper Milagros García HCS/440 November 9th, 2011 Professor Larry Gonzales Health Care Plan Issues Today’s workplace has expanded with a variety of men and women working for different businesses throughout the United States. The increase of working men and women has brought successful businesses to thrive and meet company’s needs and goals. Employers offer hourly or salary wages to his or her employees and may also include benefits. Every business must…

enough back up employees in case a certain number fall sick and the fact Brava Strong made health insurance deductibles higher, is making it more difficult for these employees to get the help they need. As well as cutting other expenses such as the gym and the ability for staff to take up yoga and exercise class, leading to unfit working staff, which are like to fall sick due to strenuous amounts of work. Either the organization decides to hire the temporary employees that Brava Strong had…

How to find the Best Pet Insurance plan for you Many of you might not know this, but pet insurance is very crucial to the wellbeing of your pet. This is technically because they can get exposed to a number of high risks every day, just like us. The bottom line is that they too are exposed to the risk of infections, terminal diseases and accidents, so insuring them, should be like an obligation to all pet owners out there. However, although it meets the same principle as any type of insurance…

“Professional etiquette is one of the most important factors contributing to a successful healthcare career,” (Britt, 2013). Webster defines professionalism as, “the competence or skill expected of a professional.” Webster also defines professional as, “following a line of conduct..” Therefore, performing actions under any sort of guideline while showing that you have the skill and the ability to do so is being professional. Professional etiquette far exceeds what patients witness. The…

What is Long Term Care Insurance? Get the Solution for Your Question Now What is long term care insurance? Do you know the answer this question? A significant number of us know nothing about the insurance since we believe that it is pointless for us. Really, it is extremely vital as you get more established and it may be past the point where it is possible to buy it when you at last understand that you require it. A man would require long term care insurance when the individual is not equipped…

Insurance Deductible Understanding the role deductibles play when insuring a car or a home is an important part of getting the most out of your insurance policy. A deductible is basically the amount “deducted” from an insured loss. Deductibles have been an essential part of the insurance contract for many years and represent a sharing of the risk between the insurance company and the policyholder. When repairing your home or replacing personal possessions, the amount of the deductible would…

that amount until the deductible is met. Deductibles are applied to benefit the medical insurance company. I agree that a deductible should be paid but just not the substantial amount that companies charge. The deductible may vary from each plan. The lower the deductible for the insured customer the higher the monthly premium will be. Business owners might oppose that not paying a deductible can do more financial harm to a company than good. Medical insurance companies are a business and…