How do you maintain health insurance coverage for your wife and son after you turn 65 and are eligible for Medicare?
Where you covered under an Employer Group or Individual Plan?
If Employer Group - they would be eligible for COBRA -
If Individual - then just tell the Insurance Company to take you off.
Most companys and situations such as yours that I have knowledge of the disabled retiree has been able to maintain their coverage (if under medicare age), for the cost or partial cost of the premium. Read More
Medicare is used by the VA to keep their own medical care expenses down. When a veteran eligible for medicare is under their care, the VA will bill Medicare to help ensure all veterans can be taken care of adequately. If you are eligible for medicare, apply to help the VA maintain high quality medical care for other vets. Read More
Cobra is the health insurance taken by an individual to replace his employer subsidized health insurance while shifting between two jobs, in order to maintain his status of continuous coverage. Read More
No it is not. Medicare Part C plans otherwise known as Medicare Advantage Plans are private insurers that maintain a contract with Medicare to provide Medical Coverage and/or Prescription Drug Coverage plus in some cases added benefits not usually covered by Medicare (like dental, vision, etc) Medicare Supplement plans which have been standardized into various benefit plans labeled from A-N work in conjuction with Original Medicare and provide supplement coverage for costs that are normally… Read More
If father is legally responsible to maintain health insurance for children but drops coverage what is mother's recourse?
Take him back to court. Read More
The Community answer is not entirely wrong. However, what is more likely to happen is that the finance company obtains "forced-placed" coverage on the car. This is physical damage coverage only and is designed to protect the lender's interest in the vehicle (because it is collateral for the loan). The premium for that insurance will be added to the loan balance. The premium for this kind of insurance is typically substantially higher than that for… Read More
YOU NEED TO CHECK YOUR SALES CONTRACT / LOAN AGREEMENT. FOR THE MOST PART IT IS REQUIRED THAT YOU MAINTAIN FULL COVERAGE INSURANCE FOR THE TERM OF THE LOAN. THE ANSWER IS YES, A VEHICLE CAN BE REPO'D FOR LACK OF INSURANCE. Read More
It depends on how and why they got hurt. Bear in mind that contrary to popular belief, a property owner is not automatically liable for any and all injuries that occur on the property. Your home insurance policy's liability will only pay for those injuries that you are liable for. Simply being the owner does not create a liability. You would need to be the cause of the injury either through action or negligence in… Read More
You will find the homewoners declaration page in your homeowners insurance package. The declaration page is a summary of the insurance you have paid for. The declaration page details out the coverage you maintain on your property. Read More
AARP Auto Insurance offers car insurance for elderly people. In order to qualify for this insurance coverage, one must be at least 50 years of age, maintain a legal driver's license, and be mentally and physically able to drive. Read More
If you maintain "comprehensive" coverage on the car, and the windshield replacement is not required because of ordinary wear and tear, it should be covered. Read More
No you can fire them anytime you want but must maintain full coverage on a car if there's a lien. Read More
An automotive loan usually contains a clause that says the loan recipient must maintain insurance on the car for the life of the loan. Usually, this includes not only the legal minimal liability insurance, but also theft, collision and fire insurance. If you are in breach of the loan agreement, your car may be subject to repossession, depending upon the terms of your loan agreement. Read More
A Bank or Mortgage company requires that the borrower maintain "hazard" insurance and list them as an additional insured. The "hazard" insurance is a homeowners or dwelling fire policy. If they do not receive proof of insurance coverage or if they receive a cancellation from the insurance carrier they will secure coverage on your behalf to "protect their interest" . This policy is usually a Fire Policy that Only covers the Bldg for the amount… Read More
Roofs require occasional replacement, generally every 20 to 30 years depending on the rating of your roofing materials. Some Insurance Companies will require you update your roof for continued coverage once it has reached it's expected lifespan. Some companies will allow you to exclude further roof coverage and maintain the rest of your policy. Answer give my roof back u ugly insurance company never trust nation wide to date Read More
You would need to get quotes directly from the insurance company. As with insuring your personal vehicle, the insurance rates will vary dependent on the vehicle, and your own driving record. You will be required to maintain $1,000,000 of liability coverage, however - that part doesn't change. Read More
A Business owners package policy should cover your studio for some property and the liability of your product and premesis. You might need to add on property coverage for your products if they are expensive or you maintain a lot of inventory and I would be careful about how you value it for insurance purposes. If your business has employees you need work comp, if you have vehicles for the business you need to get… Read More
It's not illegal in that it does not violate the law. However, the contract documents that you signed in order to get your mortgage likely require you to maintain such insurance and to have it as a "loss payee" on the policy. If you do not maintain homeowner's insurance as required, the lender has the right to obtain "forced-placed" coverage to protect its interest in the property. It is limited in scope, far more costly… Read More
No, An insurance company will not fine you for failing to maintain your property. They can however cancel your insurance coverage or go up on your premium rate if they perceive an increased hazard or risk of loss due to negligence or a lack of interest in the condition of your home and property. Read More
If you maintained "comprehensive coverage" on the car, absolutely. This differs from collision coverage in that collision coverage is triggered by a physical impact to the vehicle and resulting damage. Comprehensive covers a broader range of occurrences. The lien holder is likely to have required you to maintain comprehensive and collision coverage in order to protect its security interest in the vehicle. That is, the insurance provides some assurance that the lien will be satisfied… Read More
Auto insurance will cover the theft of your vehicle if you maintain comprehensive coverage. Comprehensive coverage is generally sold in conjunction with collision coverage. However, unless there exists a lender that requires collision/comprehensive coverage, it is usually not mandated by law as it is considered "first-party" coverage (designed to protect the owner only). Comprehensive coverage also applies to the theft of belongings in the vehicle if they were permanently affixed to the vehicle. For example… Read More
The Affordable Care Act, if it is upheld by the courts, makes certain changes in the ability for insurers to exclude applicants from coverage based upon certain preexisting conditions. Normally, there are preexisting condition exclusions in private health insurance policies. These exist so as to allow insurers to maintain a balance between the cost (premiums) for insurance relative to the magnitude of the risk assumed. Read More
There are a couple of reasons for this. One, insurance companies look at maintaining auto insurance without a lapse as being "financially responsible." If a vehicle is titled to your name then you must carry the minimum liability coverage your state calls for at the least. Claims statistics show a higher rate of claims filed for people with gaps in coverage and/or a bad credit rating...hence credit now being a part of insurance premium scoring… Read More
NO, But if you live in a designated "Flood Zone" and have financed your home through a mortgage company, then it is probably part of your mortgage contract that you signed with your lender that you would maintain a flood insurance policy until you pay off the mortgage note. If you fail to purchase the required coverage you are in breach of contract with your mortgage lender. By law and by the terms of your… Read More
The concept of a "primary policy" can best be understood when there exist two or more insurance policies that arguably provide coverage for the same occurrence. The "primary insurance" is the policy that is first responsible for the payment of claims. A good example might be when a state requires that the owner of a motor vehicle to maintain what of often called "personal injury protection coverage" (a/k/a "no fault coverage"). That type of insurance… Read More
Once your car is repossessed, it is covered by the repo companys and the lenders VERY expensive ins. No need for you to maintain coverage UNLESS you plan on redeeming it ASAP. Read More
Yes judge can, In Mihigan the judge ordered both parents to maintain health coverage, but not sure whose would be primary if it's not stated in court order. Read More
Texas SR22 Insurance Filing Requirement Normally, y ou have to maintain the sr22 endorsement for either 2 or 3 years, sometimes more. I just depends on the offense for wich you are required to carry the SR22. Other Answer about Texas SR22 Insurance I think that the form for insurance coverage is called an SR22. You always have to have car insurance for the vehicle you own and drive. Read More
No. Collision coverage pays for the physical damage to your own car, subject to any deductible. Medicals are paid by a separate coverage-sometimes called Personal Injury Protection, but it may be called by a different name depending upon the State involved. It is what is generically called No Fault coverage. It pays a percentage of your medicals and lost wages if you are infured in an auto collision irrespective of fault. As such, it is… Read More
That depends on a number of factors, such as the jobs/income of each parent, the health insurance plan either or both parent has, any relevant laws of your state, etc. Sometimes both parents are required to maintain health insurance on the children, especially if they both already have health insurance plans with their jobs. Read More
Generally, the insurance that you had on the prior car will remain in force for a stated period of time--certainly long enough to bridge the weekend. You should, on the following business day, contact the insurance agent and advise of the replacement vehicle. Note that if the prior car was paid off and if you dropped collision/comprehensive coverage, you will likely be required to maintain those coverages if you financed the new car. Read More
Liability Insurance, or Rather Financial Responsibility are required by Law. Comprehensive and collision insurance is required by the terms of your finance contract with the lender. Failure to comply with the terms of your purchase contract can result in the following 1. Forced place coverage by the lender, which is much more expensive than buying the coverage yourself. The amount will be added to your finance note 2. Vehicle Repossesion by the lender. Failure to… Read More
Yes, pretty much every auto finance contract these days requires that you maintain full coverage auto insurance until the note is paid off. Failure to maintain the required coverage constitutes a breach of contract "AKA default", subjecting the vehicle to repossession per the terms of your finance note. Read More
You should have liability coverage with sufficient limits to cover a typical accident claim and protect you against claims that could attach to your other assets. Depending on the laws of your state, you may be required to maintain personal injury coverage. The choice whether to maintain "comprehensive" insurance, which would pay to repair or replace your vehicle if you are the one who causes an accident, is really an economic one. Look at the… Read More
Do I owe back payments for full coverage since a tire on the highway caused 6000.00 damage and my insurance company stated I only have liability even though there is a lien on the car?
No you don't owe any back payments to the insurer for coverage you never had. If you only purchased liability then they will not be paying for the damage you described. It is not a good idea to expect your insurer to have psychic powers when it comes to the coverage you need. They were not present when you signed you financing contract. Your Automobile finance contract required you to obtain full coverage. It is… Read More
you need to pay off GMAC to get it out of your name. Otherwise, GMAC will REQUIRE you maintain full coverage insurance on it as you still own it if you don't transfer the title. to get the title, you have to pay them off. Read More
Yes and No, but mostly it will be no. Insurance is simply a pool of money from a group of people to provide funding in the event of a loss(claim). It is unlikely that everyone will cancel their health insurance. If they did, then there would no longer be a pool. However, if more people cancel their coverage, it will actually reduce the pool of money and cause the premium of those who maintain their… Read More
Auto insurance companies do not require drivers to file an SR-22, however, the DMV does. If you have been caught of driving without insurance or you have been convicted of a DUI you may be required to file an SR-22 with the DMV to prove you maintain continuous auto insurance coverage. SR-22's are proof of financially responsibility. By filing this form, your insurance company will notify the DMV when your policy lapses or is cancelled. Read More
No. Liability insurance protects you from claims by third parties if an occurrence is alleged to be your fault and the third party claims compensable damages. It indemnifies you (pays damages on your behalf), and provides a defense (hires and pays an attorney at its own expense-if it wishes to contest liability or damages). A liability insurance policy is triggered only if the allegations made against you arise from a type of risk contemplated by… Read More
It is not a requirement but having a good professional liability insurance policy in place will give you more credibility in your industry. If you are an accountant in the employ of another then you should not have a need for a professional liability policy. If you work as a self employed or a contractor you should carry coverage. Many companies will require you show them your insurance before they will grant you contract work. Read More
There is no legal requirement in the U.S.A. for homeowners insurance. If there is still a mortgage on the home though, insurance is almost certainly required by the mortgage contract, but this is a contractual obligation, not a legal requirement. Failure to maintain a policy as required by the finance note can result in single interest coverage being placed by the lender and billed to the homeowner or possible foreclosure. Read More
It is unclear what you mean by "auto repair insurance" as you do not state the nature of the problem. However, if you mean collision or comprehensive coverage, the answer will depend upon the underwriting guidelines of the insurers to which you apply. If it is your intention to have the car mechanically repaired so that it is useable as a vehicle, you will probably want to wait until those, and any other related repairs… Read More
Yes, but it is not customary. An example of when it may occur is, for example, when the state in which you live requires you to maintain personal injury protection and liability coverage; in that situation, you would notmally go to the insurer of your choice and buy those coverages. If, however, you opt not to buy collision coverage, and the company through which your car is financed requires collision coverage (to protect the collateral… Read More
As far as your insurer is concerned, you may cancel your policy at any time. If your vehicle is being financed, however, your lender requires that you maintain coverage for physical damage to the vehicle at all times. Many lenders will require you to immediately pay off a vehicle that has been impounded. While your state has minimum requirements for liability coverage, often you can surrender your registration or submit a non-use affidavit and drop… Read More
1. Most states have a requirement that a registrant of an auto maintain "personal injury protection" (PIP) coverage (altho the name may be different). This is the essence of so-called no-fault auto insurance. Essentially, it pays a percentage of the insured's own medical bills and lost wages, up to a maximum amount, arising from an auto collision. It pays those expenses irrespective of fault for the collision. 2. Most insurers also offer a Medical Payments… Read More
You still owe the mortgage. And you must continue to maintain the homeowners insurance. If not, the lender who holds the mortgage has the right to place "forced coverage" on the property at great expense to you. When they add "forced coverage" they simply increase your mortgage payment to adjust for the difference. And of course you must make each payment in full in order to remain current on the loan and avoid damaged credit… Read More
If you go out of town for a few months does your car need insurance to just sit there without being driven?
It may not need insurance while your gone for short periods of time, But it is often cheaper to maintain the policy you already have than it is to purchase a new policy a few months later as you will have lost your continuous coverage discount. Read More
Who pays the medical bills if you are involved in an auto accident where the at fault party has insurance and i was a passenger in car that was hit?
Most states require auto owners to maintain "no-fault" coverage; it is sometimes referred to as "Personal Injury Protection". It is a first-party coverage, which means that one maintains it for their own benefit. No-fault coverage pays a percentage of the medical expenses and lost wages sustained by an injured part in an auto collision, and benefits are payable irrespective of fault. That is, your own coverage pays benefits even if you caused the collision. Depending… Read More
What business income coverage form pays the extraordinary expenses incurred to maintain operations after the occurrence of a covered peril?
Business income insurance DOES NOT contain coverage for extra expense, extra expense is a coverage form add on that you must opt to purchase along with the business income. Extra expense coverage can be used to mitigate the business income losses by spending up front money, such as a generator at a food plant to make sure the food isn't spoiled after a fire takes down the connection to the power grid. Read More
Do you get dropped from your parents insurance the day you graduate from college or is there a grace period to allow you to get insurance on your own?
Usually when you turn 23, 24 or 25, depending on what the contract says. If you are on your parent's insurance and are going to college full time then you will be covered until you graduate. Once you graduate check with a local insurance agent to see about obtaining insurance for yourself the day after you graduate. You generally have a small grace period (30 days is typical) after you graduate from college assuming you… Read More