Insurance Cheat Sheet

Top FAQs for Insurance Cheat Sheet

Common health insurance terms: What to know when navigating your health plan

Having trouble understanding the language of health insurance? Learn some good-to-know health care terms while you get to know your benefits.

It’s important to understand common health insurance terms. Because when you’re using your benefits, you want to make sure you know what you’re paying for. Consider this article your health insurance cheat sheet.

But instead of simply listing terms and definitions, I will take you through a few scenarios. Find your health plan below and see how it works when you use your benefits.

When you need health care services, it all starts with a doctor. We have a fancy word for doctors and hospitals: We call them providers. This word represents any health care professional or facility.

Every health insurance company has their own system of providers who they contract with to deliver services to their members. These contracted providers are considered in-network and members can take advantage of most services. When members use a provider not contracted by the insurance company, we call this out-of-network.

Maggie is 51 years old and has a health maintenance organization plan, or an HMO, which required her to select a family doctor when she enrolled. This doctor is called a primary care physician (PCP). A PCP is an in-network provider who coordinates all your care from preventive care, like flu shots and mammograms, to sudden illnesses.

Preview

The Ultimate Insurance Cheat Sheet | quote.com

That’s why we put together this cheat sheet and checklist. While there’s so much to know, this list can serve as a starting point for researching what type of plan you need including tips for getting the best deal.

You don’t have to read over every section. Just look at the type of insurance you’re interested in and then click on any of the linked resources for a more in-depth dive into that topic.

Life insurance keeps your spouse, partner, or children from facing financial hardships in case the worst should happen. This can protect your familyÂ from expensive funeral costs and provide for them for years after you’re gone.

I went with a higher life insurance plan because I want to make sure my wife and kids can afford to stay in our home and maintain the business for a longer period of time without having to worry about paying the bills.

It’s not just a salary that goes away with a loved one when they die. Its security. Its knowing you can pay the bills every month while you contemplate a new normal.

Preview

Insurance Terms Cheat Sheet | GuideOne Insurance

Insurance can seem intimidating when looking at it from the outside, and a lot of that has to do with the amount of jargon in the industry. Instead of leaving you on your own to guess what something means, we have gathered* a list of words to help you when looking at small business insurance policies.

Additional Insured – A person or organization not automatically included as an insured under an insurance policy who is included or added as an insured under the policy at the request of the named insured.

Admitted/ Non-Admitted Insurance Company – An admitted company is an insurance company licensed or authorized to sell insurance in a given state. Non-admitted insurance companies do not have the protection afforded by the state’s guaranty a-sociation.

Business Interruption Insurance – AKA Business Income Coverage. Covers loss of income suffered by a business when damage to its premises by a covered cause of loss causes a slowdown or suspension of its operations.

Directors and Officers Liability Insurance – A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer.

Preview

How My Free Final Expense Cheat Sheet Helps You Close MORE Policies!

4:20 - 2 years ago

Duford Insurance Group recruits and trains agents nationally to become top producers in final expense and Medicare, over the ...

Insurance For Dummies Cheat Sheet - dummies

Whether it's about your health, your car, or your life, you need insurance! Learn what info you'll need in case of an accident.

Health insurance, car insurance, and life insurance are a part of everyday life. Making a list of all your insurance policies helps you keep track of them, and also serves an important purpose for your loved ones if the day comes when your life insurance policy is activated. You may also want to review your umbrella policy and fix any gaps in your coverage. And if you’re in a car accident, remembering all the information your insurance company wants you to get is easier if you carry a list in your glove compartment.

It may not be a particularly welcome thought, but you generally purchase insurance for when things go wrong, and death is the last thing that will go wrong for you in this life. But the list you make now — and update annually — of your insurance policies can save your loved ones a lot of headaches at a difficult time.

You purchase umbrella insurance so that you’re covered under every contingency. An umbrella policy should also provide coverage for the gap between the value of the insured item and the amount you owe on it. The following table lists basic umbrella coverage every umbrella policy should include:

Gap Description What Coverage You Need Comments Territory of coverage Worldwide Make sure lawsuits outside the U.S. and Canada are covered. Personal injury liability Libel, slander, false arrest, and so on Underlying insurance may be required. Be careful. Coverage of newly acquired vehicles, boats, and so on Automatic, no notice required Poor policies require notification in 30 days or no coverage. Dangerous! Liability a-sumed in contracts Weddings, parties, rentals of all kinds Poor policies limit coverage to residential contracts only. Punitive damages Allowed in some states You could travel in a state that allows them.

When you’re in a car accident, it’s easy to forget what information you need — you’re shaken up and rattled. But for your insurance company and that of any other people involved, carry a copy of the following list in your glove compartment so that you get all the information you need to protect yourself and expedite your insurance claim.

Preview

12 Insurance Cheat Sheet for Homeowners

Want to save on your homeowners' insurance? Advantages Insurance Solutions has prepared 12 insurance hacks in this cheat sheet for you!

You probably heard it numerous times. Owning a home is expensive. In fact, there are various expenses homeowners must pay to maintain and keep a home. Also, American homeowners spend a huge part of their salary on a mortgage, property taxes, and homeowners insurance. In addition, according to the Census Bureau, the average cost of homeownership in Colorado is around $1,681 per month. Though most mortgage fees and property taxes are fixed, there are some things you can do to lessen your monthly expenses. Likewise, these expenses may constitute a big chunk of every homeowner’s monthly budget. But don’t fret, there are some ways you can save on your monthly housing costs. Furthermore, you can use these 12 insurance cheat sheet for homeowners to help you save some extra bucks.

Before we get to insurance hacks, let’s discuss homeowners insurance coverage first. Also, to get the best out of your home insurance policy, you have to understand what home insurance is and how it works. In fact, homeowners insurance is a protection insurance company provides for homeowners. In addition, it covers damages to a person’s house and losses to a-sets inside the home.

This insurance protects the homeowner’s personal properties. In the same way, it covers the financial costs of replacing or repairing stolen or damaged personal belongings. Also, homeowners may receive 50%-70% of the dwelling coverage limit for personal property loss or damage depending on the insurance carrier.

Homeowner’s insurance covers medical bills of visitors injured inside your property. It also pays the medical bill of third-party injuries you, your pets, or your family members caused outside your home.

Homes under this type of policy will receive actual market value payment if destroyed by covered perils. Furthermore, an HO-1 policy covers homes at their current market value. Also, the inclusion of personal belongings coverage varies from insurance carriers. This type of homeowners policy only covers your house if it is damaged or destroyed by the following:

Preview

Life Insurance Cheat Sheet: Five Tips To Get You Started | Everplans

What the sassy Geico gecko isn’t telling you…

Life Insurance is all about peace of mind, so here are five quick tips to keep you from losing it when it’s time to put a financial back-up plan in place.

Not literally, because safety nets made of paper aren’t too sturdy. But it’s a way to help your family or someone close in case you suddenly, or unexpectedly...how do we put this gently...die. Consider how much money your family needs to live comfortably after you're gone.

If you pay your monthly or annual premiums on time, the insurance company pays your family the amount of money specified in the policy if you die. Of course there’s paperwork involved and you have to do some work to get the money, but this is how it works. [Note: You can’t pay in adorable bunny rabbits. Believe us, we tried.]

We’re not going to lie: Insurance is very complicated, and there are a multitude of ways you can structure your insurance to meet all your specific needs. So you’ll need an agent to help you make the right calls. [Dig Deeper: How To Choose An Agent]

Everplans is not a licensed healthcare provider, medical professional, law firm, or financial advisory firm, and the employees of Everplans are not acting as your healthcare providers, medical professionals, attorneys, or financial advisors.

Preview

Principles of Insurance Cheat Sheet by [deleted] - Download free from Cheatography - Cheatography.com: Cheat Sheets For Every Occasion

Category: Insurance Cheat Sheets Insurance Cheat Sheet

Basic Principles of Insurance

Insurance is based on the principle of economic co-operation. It is a pooling of risks spread over a number of persons or corporations. The premiums are collected from individuals/corporations and an insurance fund is created. This fund supplies the compensation to the contributors who suffered a contingent loss. It is now a specialized branch of industry. Here are the basic principles of Insurance.

Examples: • You can insure your own home , but not your friend’s home. • In the same way you can take out A-surance on your wife’s life, but not that of your neighbour.

The insured and the insurer are bound with good faith, honesty and fairness. • To have transparency in policy coverage as well as degree of risk, law compels disclosure of information between parties.

Examples: • If the loss occurs, they will check the facts and if in-accurate details have been given they will not pay damages to incurred. • If the policy terms does not satisfy the customer they will not take that policy as insurance.

One can insure the same propriety item with more than one insurance company, the insured can’t demand more than total loss from all companies put together In sample words there is no advantage insuring the same risk with two companies.

Preview

Walgreens Insurance Cheat Sheet - All Insurance FAQ

Prescription: Coverage through the Walgreens medical plans, which allows you to fill prescriptions at any Walgreens or Duane Reade pharmacy for competitive

According to Walgreen’s company policy, pharmacists can “step away” from filling a prescription if they have a moral objection, but they are supposed to find someone else who can. Some think that it’s not their job to be the judge.

Medicare Part D, also called the Medicare prescription drug benefit, is an optional United States federal-government program to help Medicare beneficiaries pay for self-administered prescription drugs. Part D was enacted as part of the Medicare Modernization Act of 2003 and went into effect on January 1, 2006.

SingleCare is a pharmacy savings card that can reduce prices up to 80% on your prescriptions. You can use it if you don’t have insurance, or you can use it instead of your insurance if our price is lower than your copay. That includes Medicare and Medicaid.

offers free and reusable drug coupons that discount the retail price of most prescription drugs at many retail pharmacies. Read this guide to learn more about how the SingleCare card works and how it is different than health insurance.

The designated hitter at Walgreens is responsible for delivering a great and memorable customer experience. They are also responsible for registering all sales on the a-signed cash register. They provide every customer with a courteous, friendly, fair, and an efficient checkout service.

Preview

Walgreens insurance cheat sheet? : pharmacy

35 votes, 27 comments. Hey everyone. I was wondering if anyone had a good cheat sheet Walgreens IC+ insurance codes. I've had almost no help from …

Looks like you're using new Reddit on an old browser. The site may not work properly if you don't update your browser ! If you do not update your browser, we suggest you visit old reddit .

Hey everyone. I was wondering if anyone had a good cheat sheet Walgreens IC+ insurance codes. I've had almost no help from staff other than them randomly mentioning one here or there. Unbelievably there is no training on this and no central list, so here's what I've compiled (it's probably half wrong).

-MIBCP – BCBS: ID: No letters in enrolee ID. member # add 001. -MIBCPMPD: Group # Not working try MIBCNRX1.-HAP: AGLOFFHE -AETNA: Aetna.-PRSOL – Medicaid Clinic. “Bill United Health Care” -APM: Maleena. If Medicaid won’t take, “Billed to APM” -APMIWC – Workers comp. Recipient #: SSN+date of injury. Group ID on card. -MIDPA: Medicaid. No group. No 001. May only pay for Adderall XR.-HPMIMCD: Maridian – same as Medicaid.-ImmunePB : Medicare vaccine code.-WCard: Walgreens Prescription savings club.-Loyal: Valiant coupon card.-BCMIHMM: One of the plans for an HMO, a vaccination. Medical insurance for BCBS. (not prescription).-PAID – Medco. Part D. Put the 001 at the end of the enrollee ID.-MIBCP or MIBCPPD or PAID (Part D): 001 at the end of the enrollee id.-PERX – express scripts -UHCRX: United health care.-CTRXMPD: Teachers retired MPD. 30d supply only.

paid = medco; group varies by card (place 3 digit person code after ID, 001, 002, 003.. and so on. Person code is based on age. 001 is plan holder, 002 is spouse (if there is one) 003 oldest kid and so on)

Word of advice, always ask seniors for their medicare card and use that information to use the medicare part d search. Findins is another good tool (plan = findins, ID = birthdate (MM/DD/YYYY)

Preview

Cheat Sheet - Property & Casualty Flashcards | Quizlet

Cheat Sheet - Property & Casualty. What are the forms of homeowner policies? HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property …

Preview

Life Insurance Cheatsheet – My WordPress Blog

A+. Apply in minutes, no medical exam. Ages 18 to 55 are eligible to apply. Between $50,000 – $1,500,000 in term life insurance coverage for 10-30 year terms. Monthly premiums as low as …

Preview

CoverHound® | Insurance Learning Center | Car Insurance Cheat Sheet

Category: Insurance Cheat Sheet

Compare business or personal insurance quotes from trusted insurers and get the right coverage for your life.

CyberPolicy is monitoring news of the coronavirus (COVID-19) outbreak and has activated a business continuity plan in response to the situation. We have implemented precautionary and preparedness measures to reduce exposure to the coronavirus and are prepared to maintain normal business operations.

Car insurance lingo can be daunting. Some companies can use long, confusing words for policies that are fairly simple in order to make them sound more important to obtain. Here at CoverHound we don't believe in trying to confuse you or trick you or drown you with big words. So we decided to help you out a bit instead, by giving you a comprehensive list of car insurance terms. Below is our list of the most commonly used terms in the industry, with easy-to-understand definitions that will help guide you through your car insurance shopping journey. We have also linked some of our articles on certain topics to expand your knowledge even more. Accident Forgiveness Coverage - “Forgives” drivers for their first accident, in terms of car insurance premiums. Hence, after your first accident, your rates will not go up. However, some carriers only forgive accidents that are not your fault. At-Fault - An accident in which you are legally responsible for damages.Auto Repair Insurance - Different from other insurance types because it doesn’t require that your car is damaged in a collision, natural disaster, or vandalism. It covers mechanical failures and any wear and tear on your car. It can also be broken into sub-categories. Two categories, for example, include standard repair and breakdown coverage.Bodily Injury Coverage - Covers you for damages you cause in an accident that is deemed your fault to other people involved. For example, it pays for other people’s medical bills if you injure them in an accident. You may still be sued for more money if the medical bills exceed the maximum your insurance company will cover. Continuous Coverage - Means that your insurance coverage has been in effect continuously without any break or lapse for any reason. Usually you must have proof of this when moving to a different insurance company or your rates may be higher. Deductible - The portion you are responsible for paying before the insurance will kick in. For example, if there is $2,500 of damage to your vehicle and you have a $500 deductible, you will pay the first $500 and the insurance company will pay the remaining $2,000.Gap Coverage - This can protect you against losses that can arise when the amount of compensation received from a total loss does not fully cover the amount you owe on the vehicle's financing or lease agreement. This situation arises when the balance owed on a car loan is greater than the book value of the vehicle.Good Student Discount - Not all carriers offer this discount and the ones that do have different requirements. Some want a GPA of 3.0, others want higher. Also, some carriers want transcripts or proof of “good grades.” Discount rates vary as well. Group Discounts - You can save on car insurance simply by being part of an a-sociation. Such organizations include military, alumni a-sociations, credit unions, and the peace corps a-sociation. If you are part of any kind of a-sociation you should check to see if they qualify you for a group discount. Liability Only - This is when you only have Bodily Injury and Physical Damage Liability coverage on your policy. Collision, Comprehensive and other coverages are not included.Limits of Liability - Caps on the dollar amounts of coverage that you are entitled to receive under the policy. Med Pay - Will pay for reasonable expenses incurred for necessary medical services due to bodily injury caused by an accident. Covers you and anyone in your vehicle. Also, protects you if injured as a pedestrian.No-Fault - Insurance agnostic of who is to blame for an accident. Your policy will pay for both you and individuals with you, regardless of who was at-fault of the accident. Non-owner Insurance - This provides liability protection in at-fault accidents for drivers who are not the owners of the vehicle they are driving. Good if you frequently borrow your friends/roommates/partners car. Pay-As-You-Go Insurance - Aka usage-based or mileage-based or pay-as-you-drive insurance. This is coverage with costs based on how much you drive and your premiums are based on mileage per month. Personal Injury Protection - Pays for reasonable medical expenses as well as a percentage of lost wages (if not specifically excluded) and is subject to a set limit. Will cover named insured, relatives and other persons occupying the vehicle at the time of an accident. Will also cover damages if injured as a pedestrian. It is a first party benefit and will not pay for those injured in another car; also referred to as “not fault” coverage since the benefits are rewarded regardless of fault. Property Liability Coverage - This pays for the damage that you cause to other people’s vehicle or property in an at-fault accident. Property may include home or business. There is a maximum your car insurance company will cover, which means you could still be sued for more money. Rental Car Insurance - Some carriers automatically extend your coverage to any rental car. Ask your insurance company whether you’re insured or not before buying insurance at the rental company. Rental Car Reimbursement - Provides coverage for rental car costs to temporarily replace your vehicle due to a covered loss. May only purchase this coverage if collision coverage is also purchased. There is usually a daily limit and total max. (i.e. $30 a day, $900 max).Specialty Insurance - This includes policies for unique items such as RV’s, boats, motorcycles, jewelry, travel, weddings, and more. Total Loss - If the cost to repair the vehicle plus rental reimbursement expenses exceeds the cost of buying the vehicle at its pre-accident value, it is declared a “total loss”.Towing / Roadside A-sistance - This is exactly what it sounds like. If your car breaks down or otherwise leaves you stranded on the road, you will have someone to call. Services for roadside may include battery jump-start, flat tire a-sistance, and lockout a-sistance. Umbrella Insurance - This is additional liability insurance that protects you in the event that you are sued for a large amount of money. Auto and home insurance have limits, so if you want protection against a lawsuit, umbrella coverage is the way to go. Underwriting - This is the process used by insurance carriers to decide how much coverage you can obtain and how much you'll pay. It's based on your evaluated riskiness and exposure. It pretty much comes down to how risky you are to insure and at what denomination the carrier is willing to insure you. Uninsured/Underinsured Motorist Coverage - This coverage protects you and your passengers if injured by a driver with no liability insurance or by an underinsured driver who is held legally responsible for your injuries. Would also cover damages incurred if injured in a hit-and-run accident. Uninsured/Underinsured Motorist Property Damage - Protects your vehicle if damage is caused by a driver with no liability insurance or is underinsured. Damages in a hit-and-run accident would also be covered. Unstacked vs. Stacked - Adds coverage limits for multiple vehicles together to produce a higher limit. For example, if you have two cars insured for $10,000 per person and $20,000 per accident, your stacked coverage will total $20,000 per person and $40,000 per accident. Unstacked would total $10,000 per person and $20,000 per accident. At CoverHound, we know that your time and money is precious. That’s why we’ve made finding insurance quotes easy. Check us out today to learn more about ways to save.

Preview

Guardian Direct Cheat Sheet

Category: Cheat Sheet Insurance

Insurance can be confusing. We’re here to help make it easier.

Easy! Sign in to your Guardian Direct Member Dashboard and click on the Billing & Payments tab. You can update your payment method by selecting Update Payment Settings. Feel free to call our Customer Care team at (866) 569-9900—we’re here to help! Our service center is open Monday through Friday from 9am-9pm ET.

You can terminate your plan at any time—you decide! Your termination can become effective on 1) The last day of the month during which the request is made, or 2) The last day of the month during which the premium has been received. The request must come from the main subscriber (aka member) of the policy. Once you cancel your Dental PPO plan, you’ll have to finish a 12-month waiting period before you’re able to re-enroll.

Brought to you by The Guardian Life Insurance Company of America (Guardian), New York, NY. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, investment or medical advice.(exp.10/22)

Already a member? 1-866-569-9900 Mon-Fri 9am-9pm ET Have a group dental plan through work? 1-800-541-7846 Mon-Fri 6am-5pm ET Leaving your employer’s dental plan? Stay with Guardian and skip the waiting period. Learn more

Preview

CoverHound® | Insurance Learning Center | Insurance Cheat Sheet

Category: Insurance Cheat Sheet

Compare business or personal insurance quotes from trusted insurers and get the right coverage for your life.

Insurance lingo can sometimes be hard and confusing. There are a lot of words out there. We've already brought you a comprehensive Car Insurance Cheat Sheet, so we decided to also develop one for general insurance − to help you understand the insurance realm just a little bit more!80/20 Insurance - Two parties in an accident agree that one driver is 80% at fault, while the other is 20% at fault. This can lessen the financial pain of getting into accident, as neither party is completely at fault. Actual Cash Value - The cost of replacing damaged items at current full prices minus depreciation. Actuary - A person, usually a specialist, who calculates the statistics of insurance such as rates.Agent - A person who sells and manages insurance policies. There are two categories: independent and direct. An independent agent represents two or more carriers and sells policies based on the customer. A direct agent represents only one carrier and sells only their policies.Amendment - A change to the basic policy contract. Arbitration - The process of settling a dispute through an impartial party. Bodily Injury Coverage - Covers you for damages you cause in an accident that is deemed your fault to other people involved. For example, it pays for other people’s medical bills if you injure them in an accident. You may still be sued for more money if the medical bills exceed the maximum your insurance company will cover. Broker - A person who sells insurance solely in the clients' interest, not a company's. Broker-Agent - A person who is licensed as an agent and a broker. This means that they represent certain insurers but will also search the market for better rates for their clients. Burial Insurance - This is specialized insurance that pays only for the expenses related to the policyholders funeral costs. In short, it's a way of financing a funeral month by month. Claim - Notice to your insurer that, under your policy, you may be entitled to a recovery of loss. Claimant - The person, usually you or a third party, who has the right to the recovery of a loss. Copayment - A fee you have to pay for health care services, in addition to what you insurance covers.Deductible - The portion you are responsible for paying before the insurance will kick in. For example, if there is $2,500 of damage to your vehicle and you have a $500 deductible, you will pay the first $500 and the insurance company will pay the remaining $2,000.Group Discounts - You can save on car insurance simply by being part of an a-sociation. Such organizations include military, alumni a-sociations, credit unions, and the peace corps a-sociation. If you are part of any kind of a-sociation you should check to see if they qualify you for a group discount. Homeowner's Insurance - This insurance will protect your physical property, along with the personal property that resides inside your house. It also covers injuries that people may receive while on your property. Limits of Liability - Caps on the dollar amounts of coverage that you are entitled to receive under the policy.Master's Policy - Part of the Condominium A-sociation's policy that explains exactly what the insurance covers for you. Named Perils - Specific incidents written in the insurance policy that will be completely covered if they occur. Ordinance or Law Coverage - This coverage pays the extra cost to rebuild your home so that it meets new or updated building codes. It only applies if your home was not up to these codes when it was first built. It is also called the Building Code Upgrade Coverage.Parametric Insurance - This type of insurance coverage uses parameters measured by independent agents to determine whether or not compensation will be rewarded. Renter's Insurance - This insurance protects the property that you rent against theft and natural disasters. Satellite Insurance - Governments and big company's will obtain liability insurance for their satellites. After all, they are pretty expensive to build.Title Insurance - Mandatory insurance that protects the owner of a home in the case that a past claim or other problem arises from a previous owner. Umbrella Insurance - This is additional liability insurance that protects you in the event that you are sued for a large amount of money. Auto and home insurance have limits, so if you want protection against a lawsuit, umbrella coverage is the way to go. Underwriting - This is the process used by insurance carriers to decide how much coverage you can obtain and how much you'll pay. It's based on your evaluated riskiness and exposure. It pretty much comes down to how risky you are to insure and at what denomination the carrier is willing to insure you. At CoverHound, we know that your time and money is precious. That’s why we’ve made finding insurance quotes easy. Check us out today to learn more about ways to save.

Preview

10 Insurance Cheat Sheets - Cheatography.com: Cheat Sheets …

Category: Insurance Cheat Sheet

DRAFT: Security Alarm Provider Fire Protection Insurance Cheat Sheet. [deleted] 19 Apr 17. insurance, fire, protection. 1 Page. (0) DRAFT: Homeowner Insruance Cheat Sheet.

Preview

25 Insurance Hacks: A Cheat Sheet for Homeowners

Finding ways to save on your homeowners' insurance? We got you! Here are 25 hacks for home insurance policy.

Owning a house takes a lot of responsibility and paying all the bills takes a lot of hard work. Hence, thinking for a way to lower our expenses is a must. And knowing some ways to prevent financial risk can help a lot. Here are some hacks that can help you:

1.Bundling– Bundling your home insurance to other types of insurance like auto insurance under one insurance company. This is one of the best ways to save money. You c an save up to 20% on your premiums by doing so. Aside from the fact that you can save, insurance companies value their loyal customers who keep all of their insurances with them.

2.Raising Deductibles- Deductibles are the amount of money that you need to pay before the insurance kicks in. You can decrease your insurance premium by raising your deductibles. But doing so, you should make a good strategy. Of course, you don’t want to make a huge increase in your deductibles that you could not afford at all in case you need to make a claim. You need to make a calculation of how much you can pay. For example, you choose to increase your deductibles to $2,500. Then an accident happened and you filed a claim for $5,000 worth of damage. You need to pay $2,500 first before the insurance pays the remaining $2,500. Being said, this hack only works for someone who can pay extra anytime.

3.Make a list- If you are just about to buy homeowners’ insurance; the first thing that you need to know is how much will you need to insure your house for. And the fastest way for you to determine your house and personal belongings value is from making a list. The technique is going through each room, listing all of your valuables, everything from your bed, closets, couches, to your clothes, bags, and shoes. All of the things from your living room, kitchen, bathroom, and bedroom must be listed. Remember, we don’t want your house to be underinsured. So you better be meticulous.

4.Smoke Detectors – As they say, it’s better safe than sorry. Being extra cautious can never be overrated. The reason why it’s called an accident, it’s because no one saw it coming. When you own a house with your family living in it, being careful is always the first option. And the best way to avoid an accident is to be prepared. Installing security alarms for smoke detectors, which is pretty common to most houses ever since is a must. Records show that 82% of homeowners are using smoke detectors. Though insurance companies have a low claim of damages because of fire, still the losses from this peril have the highest average cost of $45,000.

Preview

Guide/Cheat Sheet for Medical Billers

Every task of the medical office responsible for the billing and collections of payments - from the moment a patient is scheduled for an appointment until the time payment is received from the insurance company - is equally important to maximizing insurance reimbursements. The complexity of medical billing and the requirements of the various insurance companies can make it difficult for medical office to successfully submit and collect medical payments.

Begin your list by identifying the payers that the physicians or facility is contracted with. This should include all contact information such as claims address, website, and provider information phone numbers.

Be aware of timely filing deadlines for each insurance carrier. Indicate the number of days a provider has to file a claim after services has been received. Timely filing limits are specified in the provider agreement.

Indicate which insurance payers require prior authorization and/or referrals and for which procedures. Also include the process of that each payer has in place for obtaining authorization and what information they need to process the authorization.

Insurance payers are required to submit payment within a specific time frame, typically 30 days. Check with your payer contract in order to determine what time frame you can expect to receive payment from each payer for following up on claims status.

Preview

The Car Insurance Cheat Sheet - Affiliated Insurance Agencies | An Acrisure Agency Partner

Category: Insurance Cheat Sheet

The Car Insurance Cheat Sheet (The nuts and bolts of finding the right coverage) It doesn’t matter if you drive a rust bucket or luxury four-door, your car is probably one of the most important/priciest things you own. Yet instead of guarding it with your life, you drive it at high speeds on an obstacleREAD MORE

It doesn’t matter if you drive a rust bucket or luxury four-door, your car is probably one of the most important/priciest things you own. Yet instead of guarding it with your life, you drive it at high speeds on an obstacle course full of unpredictable hazards and bad drivers. And like it’s no big deal. Crazy, right?

Since most drivers don’t bubble wrap their cars, car insurance is the most logical AND practical way to protect your vehicle. Our independent insurance agents will walk you through a sweet selection of policy options to make sure you have the right coverage.

In short, it’s a contract between you and an insurance company. The insurer will help you recover financially from a number of scenarios that involve bad things happening to or caused by your car. Bad things can range from medical expenses to roadside a-sistance.

In almost every state, it’s illegal to drive without car insurance. Every state has a minimum of liability coverage that is legally required. If you don’t have it, you could be fined. If you make a habit of getting caught without it, you could end up in jail.

The other good reason to have car insurance is consistency. It’s easier to pay monthly or quarterly premiums than to swallow the sudden cost of a bad accident. Unless you have an emergency stash of cash lying around, you should get yourself covered.

Preview

Top Sources About Life Insurance Cheat Sheet - Useful Answers …

Category: Insurance Cheat Sheet

May 20, 2022 · Bankrate’s Life Insurance Cheat Sheet Life insurance basics cheat sheet | OneChoice. Here’s your cheat sheet for life insurance, covering what it is, how it... Physician …

Preview

Flood Insurance Cheat Sheet | Bankers Online

Category: Insurance Cheat Sheet

Jan 01, 2002 · Flood Insurance Cheat Sheet. This handy flow chart from BOL Guru Mary Beth Guard makes it easy to see at a glance when you must do a flood determination, when flood …

Preview