Read more about the article The Lesser-Known Features of Long-Term Care Insurance

The Lesser-Known Features of Long-Term Care Insurance

Buyers of long-term care insurance often focus on just the coverage basics, such as the level of daily benefits, the length of coverage, and the conditions under which the policy will pay a claim.   While these basics form the bulk of the policy, long-term care policies offer a host of other options that may prove beneficial to the policyholder.    Let’s take a look at some of these available options:   Survivorship premium waiver – Some policies will provide a waiver of all remaining premiums if both spouses are paying for long-term care policies from the same insurer and…

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Read more about the article Why Every Business Needs Non–Owned Auto Coverage

Why Every Business Needs Non–Owned Auto Coverage

Even businesses that own fleets of autos sometimes use vehicles that do not belong to them. Often, a business asks an employee to run an errand or visit a customer or vendor using that employee's car. The organization may become legally liable for anything an employee acting on its behalf does while behind the wheel. Lawsuits and accompanying legal costs may confront the business if they have an accident. Many business automobile insurance policies cover this situation, but they do not do so automatically. The standard Insurance Services Office Business Auto Policy uses numbered symbols to identify covered autos for…

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Read more about the article Losing Everything Due to Inadequate Auto Liability Coverage

Losing Everything Due to Inadequate Auto Liability Coverage

All states set minimum coverage levels for drivers, but if you are involved in a serious accident, minimal coverage may not get you off the hook for the full extent of damages.  Your state's goal is to make the required insurance affordable, but in many cases the established minimum coverage is not adequate to cover the liability costs if you are found to be at fault in a costly accident. Even limits that are several tiers above the minimum may not be adequate for some drivers, because once those limits are exhausted, any remaining damages must be paid out of…

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