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This supplemental insurance covers incidents that occurred during the "active" period of a claims-made policy but are not brought as claims against an insured, nor reported to the insurer, by the time the claims-made policy has been terminated. Needed at various times including when leaving a claims-made carrier, upon the decision to change claims-made carriers, at the time of retirement, or due to death or total disability of the member. Tail coverage is purchased from an insured's previous claims-made carrier.
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Cost of tail coverage?
The cost of tail coverage is typically around $200.00 monthly. For a medical practice that has been around for a long time it will usually cost about $50,000 all together for tail coverage.
Is tail coverage sufficient to have to continue to see patients?
NO! Tail allows you to continue to report claims that the policy period, but does not extend the policy period.
Why is tail coverage in a claims made policy important?
Claims made policies must have an occurrence occur and be reported to the carrier within the policy period. The tail protects against claims made subsequent to the effective termination date of the occurring policy period.
What is retroactive coverage?
retroactive coverage
What is Coverage A in insurance?
Coverage A is the dwelling amount. As in, if it cost $250K to rebuild your house then that is what your coverage A should be.
Can you get Sprint Coverage if you travel across the country?
You can get Sprint Coverage in Indianapolis and St. Louis! They do not have any Sprint coverage in Bethel. You can also get roaming coverage in Fairbanks.
What type of insurance is the same as medical coverage?
In auto insurance, personal injury protection coverage is the same as medical coverage.
How would you use coverage in a sentence?
I coverage a journey.
What is coverage rate?
Monthly price for coverage in question.
Who qualifies for medicare coverage?
how old do you have to be for medicare coverage?
What happens if I have no collision coverage but hit a deer?
Then you are in luck !! If you have comprehensive coverage, because that is the coverage that covers an animal hit.
What does Freeview coverage do?
As the title says Freeview Coverage checks if you are available for a specific type of coverage in your area. It has it's flaws (sometimes saying you do not have coverage in an area even though a friend or neighbor has it) but it is helpful for checking what coverage is available.
