Different Types of Vehicle Insurance

Different Types of Vehicle Insurance

Getting in a car accident is something that no one ever wants to think about happening to them, but the reality is that there are around 20,000 car crashes in the United States every day. So, it’s important to have auto insurance to protect you, your passengers, and your automobile in any kind of accident that may occur while on the road. Having at least some type of liability coverage is mandatory in most states, but there are additional types of automobile insurance that will provide you with more coverage. Here are the different types of automobile insurance that you can get.

Liability Coverage

Liability coverage is the most basic form of auto insurance required in most states. It covers the other person’s bodily injuries and automobile if you are to cause an accident. However, it does not cover you or your vehicle.

Comprehensive Coverage

Comprehensive coverage helps to insure your car from things like theft, water damage, fire, natural disaster, and vandalism. If your car is damaged by one of these things comprehensive coverage can often help you pay to replace it. However, you will have to pay a deductible.

Collision Coverage

This is the coverage that will help you out if you’re involved in an accident with another vehicle or with an object such as a tree or light post. Typically, with collision coverage you are still required to pay a deductible, but the insurance will cover the rest of the cost of your damaged vehicle.

Medical Payments Coverage

This type of coverage is required in some states but optional in others. It covers the medical expenses of you and your passengers if you are to get in an accident.

Many insurance plans cover multiple aspects of these types of coverage. When shopping for auto insurance, be sure to ask questions and gain a good understanding about what insurance plan is right for you.

What does common life insurance cover?

What does common life insurance cover?

There are different types of life insurance coverage, but most life insurances have similar components to them. Life insurance is meant to cover your loved ones and dependents in the case of your death. It’s not something that anyone really wants to end up having to use, but it can put your mind at ease knowing that the people you care about will be covered in case something happens to you.

Components of Life Insurance

The most common components of life insurance are the policyholder, the beneficiary, the premium, and the death benefit. The policyholder is you, the person who owns the life insurance policy. The life insurance gets paid out to the beneficiary if the policyholder dies, and there can be more than one beneficiary. The premium is the money that is paid either monthly or annually to keep the policy active. The death benefit is the money that is paid out upon the death of the policyholder which goes to the beneficiaries. Most life insurances have these four components. However, certain types of life insurance differ.

Life insurance plans have different types of coverage. For example, some life insurance is term life insurance which lasts for a certain period of time and when the term is up the policy expires. With term life insurance the beneficiaries are only covered if the policyholder dies within that period of time. Permanent life insurance lasts as long as the premium is being paid. There is no expiration date to permanent life insurance which typically makes it more expensive than term life insurance. Within permanent life insurance there are different types such as whole, variable, and universal.

When shopping around for a life insurance plan it’s important to get quotes from many companies and ask a lot of questions. The more you know about life insurance and what you’re looking for, the better you will be able to understand the different coverage options and get the right plan for you.

New Cancer Research

New Cancer Research

Cancer has become a widespread problem affecting many lives throughout the world. Typical treatments for cancer include chemotherapy and radiation, which often have negative side effects on patients. These side effects include fatigue, hair loss, anemia, nausea, weight loss, change in appetite, and constipation.

Many patients feel even sicker when seeking relief from cancer. Due to these negative side effects, Universidad del Valle in Colombia researched treatment that would target localized cells without the destruction of healthy cells so that only infected cells would be treated and not unnecessarily cause harm to healthy cells.

The treatment would involve a nanocomposite of Titanium Dioxide, which has previously shown positive results in treating cancer cells. The chemical compound has a wide range of applications that take on new properties when modified into a nanocomposite.

This new treatment takes action quickly and could be promising for cancer patients. A professor on the study found that when the Titanium Dioxide is modified into a nanomaterial and combined with ultra-violet light it attacks cancer cells but leaves normal cells alone. Additionally, there is much less of a chance that patients would get cancer again with this type of treatment. In just 40 minutes the treatment caused 98% cell death in cancer cells.

Unfortunately, this treatment will most likely not be widespread for years because it will take at least six years of research and testing before the treatment is available to humans. It has so far been effective on a type of crustacean and mice.

Even though the treatment is still in the testing phase, it promises hope for the future of cancer research and development. This treatment could be helpful for patients who face many negative side effects from chemotherapy and for patients with a very aggressive form of cancer. Using Titanium Dioxide could be the answer many patients have been looking for.

Obamacare Open Enrollment 2015

Obama care is essentially the Patient Protection and Affordable Care Act that was signed into law in the year 2010 by President Obama. The law was passed with an aim of providing American citizens with affordable health insurance, controlling the health industry and improving the state and quality of the health insurance and health care across the United States.

Purchasing coverage involves searching the online marketplace and choosing the plan that is right for you. If you can’t find your state’s marketplace, it is advisable that you use the Healtcare.gov website to find information about your state’s health marketplace. The Obamacare insurance is compulsory for all citizens, and if you go without insurance coverage , you are subjected to 1% fine of your earning or 95% whichever is greater.

The enrollment period occurs once annually and for the year 2016 will start on the first of November and end on January 31, 2016. There is also special enrollment that are meant for people with special lifetime events such as getting married, the birth of a baby, or whenever they have lost coverage for other coverages. So far about 15% of US citizens have not yet enrolled for the Obamacare, and this has lead to government intervention and hiring agencies to go advise people of the risks for failing to sign up.

There are several challenges that people face whenever they are trying to enroll in Obamacare. Some of these challenges are culture related and mostly affecting the Hispanic and Latin communities living in the United States. Lack of education is a major challenge to the Latino community living here in Miami, there are some them who cannot use a computer to sign up. The period of Obamacare open enrollment ends without most of the Latino community bothering to sign up.

Another issue that the Latino community people face is the fear of exposing their personal details to the federal government who may later deport them to their origin country. Most of these people are in the country illegally; they don’t have the necessary documents required for one to be considered a citizen of the United States.

If you need assistance enrolling in Obamacare, please contact our offices at (305) 220-0900. We have specialists waiting to assist you in the enrollment process.

5 Tips for setting up Miami Condo Insurance

Here are five tips for correctly setting up a condo unit owner’s policy. These tips can save you time and money when shopping for Miami condo insurance.

Determine exactly what must be insured

Determine from the association documents — usually the declaration — exactly what part of the structural interior of your unit you are required to insure. It’s most common for the owner to have to insure everything beyond the bare walls and bare floor. If the documents aren’t clear, assume you are responsible for everything structural inside your unit. (That would include carpeting, hardwood flooring, any floor and wall tile, bathroom fixtures, kitchen cabinets, countertops, built-in appliances, lighting fixtures, etc.)

Cost Estimates

Make a list of the structural items you must insure, and then estimate the labor and materials cost to replace each. Total up the values, and add a 20 percent cushion. That adjusted total is the amount of structural coverage to buy, often $100,000 or more.

Think outside the box

Broaden the kinds of loss that would be covered on both the building and contents from “perils” to “special perils,” so that the policy covers all losses (including, for example, water and mud damage from roof leaks) that aren’t specifically excluded.

Buy Loss Assessment Coverage

Buy at least $50,000 worth of “loss assessment coverage” to cover assessments made by the association for coverage shortfalls in the master policy. No matter how much you plan and double check paperwork, something will be forgotten and having loss assessment coverage will provide you with more protection.

Buy Deductible Assessment Coverage

Find out what the master policy deductible is (possibly $10,000), and buy deductible assessment coverage for that amount. Many associations make individual unit owners responsible for the entire master policy deductible if the loss is confined to their unit (for example, if a pipe breaks in a unit and floods that apartment).

Work with an agent with expertise in personal insurance who can help you design the condo insurance policy that best suits your unique situation and address other coverage needs, such as for sewer backup coverage, earthquake, flood, etc.

In a city like Miami, where natural disasters, thunderstorms, and proximity to water make insurance coverage necessary, make sure you have a partner by your side with your best interest in mind.

Contact All Nation Insurance today for a quote and to discuss your options.