Agents just hold up Insurance |
- Agents just hold up
- How new laws are helping insurance policies improve
- Fresh out of college and was just offered a job as a commercial insurance producer
- Why is there two numbers listed under deductible?
- Will an insurance company ever pay for a full-body MRI?
- Who should get insurance if car is driven in California but owned by someone living in another state?
- How long do at-fault accidents stay on record?
- Is there "insurance history" ?
- How can I permanently get rid of an incorrect collections account?
- Career path starting with adjusting
- What exactly is the Drivers License Compact, and how does it work? I have a few other questions as well.
- Insurance charged for level 2 and level 3 NICU visit (concurrently) for simple phototherapy. They paid and don't seem to care.
- Accident forgiveness and premium still going up by 25%?
- Auto insurance questionnaire
- Car rental collision, am I liable to be sued by rental insurance?
- I got into a total loss accident with state minimum insurance. What would be the best next step?
- Life Insurance Health Considerations
- New Car, Insurance policy with new provider to take effect in a little more than a month -- Do I still need to notify my current provider to replace the currently insured vehicle?
| Posted: 26 Jan 2020 07:17 PM PST Life agents I know your desire is to help people and ensure their families are taken care of but please have some respect. As many of you know kobe died today. I recently saw a post on my Facebook timeline about an agent using the tragedy to plug himself and try to sell life insurance. We see this happen every time there is a high profile death. Please don't do this. Let people mourn in peace. Don't be that agent that uses death to plug themselves. It's in bad taste. [link] [comments]  |
| How new laws are helping insurance policies improve Posted: 27 Jan 2020 04:03 AM PST Quite a few, new insurance regulations have been proposed and they will ultimately benefit the policyholder. These regulations are in regards to life insurance plans- both the conventional ones, as well as the unit-linked insurance plans. They also cover health insurance, TPAs or Third Party Administrators and fixed benefit critical illness. They will also cover personal accident plans and will look into insurance distribution and will facilitate product innovation as well. The objective of the laws of life insurance is to encourage innovation in pure- risk term plans and to find solutions to the issue of a high lapse rate. Insurers can now issue policies for even one month in term insurance which was earlier not allowed for less than a year. The insurers will also respond with the launch of low- value term plans for certain specific purposes that outstanding credit card bills or for a vacation. Term plans were always comprehensive and had low restrictions than personal accident insurance plans which are available for the short term only. The issue of high lapses is addressed with the increase of reinstatement period and a lapsed policy is often revived by making a declaration that the policyholder is in good health. This is applicable for two to five years in traditional plans and also three years in ULIPs. Sometimes, policies lapse because the policyholders no longer can afford to pay. With the new products, the insurers will be offering a chance to reduce the premiums by almost 50% after five years. Insurers might also be collecting renewal premiums three months before the date is due. The product flexibility is also changed and product misspelling issues are also going to be addressed. Some other areas have also been brought under the purview like in case of ULIPs, previously, there was no overall limit on the total charge. Now individual caps would be in place. A committee report that is going to restrict the exclusions has also been published and it has been made to the advantage of policyholders. Also, a look back period of eight years has been introduced as well and as far as pre-existing illnesses are concerned, their definitions would change. It has also been stated that the diseases that were contracted after the insurance was bought also needs to be covered. The aforementioned look back period entails that a claim will not be rejected after eight years unless a case of fraud has been definitely proven. In the case of life insurance too, there is a similar rule where the claim cannot be rejected in three years' time. Insurance companies often reject insurance claims on the basis that there were pre-existing illnesses, before the purchase of the insurance. Now, the insurers will have to classify ailments on the basis of the fact that whether the symptoms existed only or whether the disease was diagnosed. Now, a condition can only be classified pre-existing, if the medical condition was diagnosed or treated before. Also, diseases such as HIV, Parkinson's and Alzheimer's, which were contracted after the insurance policy was taken, would now also have to be included. It has also been stated that no ambiguous words are going to be used like directly, indirectly and such as. Insurance lawyers are also required to brush up on their writing skills. Also, chronic conditions like hypertension and diabetes will not have a waiting period of more than 30 days. Also, critical illness and personal accident premiums can be now paid in installments. It is expected that with these changes, it will be easier to bring more transparency to those who seek insurance. [link] [comments]  |
| Fresh out of college and was just offered a job as a commercial insurance producer Posted: 26 Jan 2020 10:05 AM PST Hi everyone so like the title says I am new to the workforce and was just offered a job with Brown & Brown as a commercial insurance producer. I have been trying to break into the insurance industry and from what i've heard this is a good company to start with. They are providing me with training, a mentor and the tools to be successful. I was hoping I could have the questions below answered so I can get more insight into the job and where I can go with it - Does Brown & Brown have a good reputation? - What should I expect in regards to day-to-day activities? - What can I expect to make after 2-3 years of working super hard and putting my all into this? - All feedback is appreciated, thank you! [link] [comments]  |
| Why is there two numbers listed under deductible? Posted: 26 Jan 2020 07:59 AM PST I'm shopping around for insurance on covered california. I often seen plans that have deductibles that's written 5000/450. What exactly does that mean? Is the deductible 5000 or 450 bucks because those are two completely different numbers. Edit: Health insurance. Almost every plan I see on covered california has 2 deductibles listed. [link] [comments]  |
| Will an insurance company ever pay for a full-body MRI? Posted: 26 Jan 2020 08:52 PM PST There's a place local to me called First Look MRI that charges much lower prices for MRI. They started at $299 for a "quick look" for stuff like back injuries. $399 for a scan and translation by someone who reads the MRI and sends a written report to your doc. It's basically $399 per body part. They don't accept insurance at all, ever, for anything. No insurance, so lower fees. They have a full-body scan for like $1,299. So this got me wondering...will an insurance company ever pay for such a thing if you met your deductible and doc can't figure out what is wrong with you? Healthy 37 year old male. Active, not overweight, muscular, active job. Recently started having panic-attack like symptoms. Two different days put me in two different ERs with racing heart rate, blood pressure 173/100, dull ache in the left side just below the ribs, etc. Felt like I was going to faint, trembling badly with so much adrenaline that I was shaking so bad I could barely walk/speak properly. No history of anxiety. Two different ERs did massive amounts of blood work, EKGs, etc. Cardiologist did a full Echo Stress Test with ultrasound. He said I had a very strong heart and no issues. He warned that my meds given to me by my GP doctor were simply suppressing symptoms of whatever was causing it. GP doc did lots of blood work. On the third visit, he checked for a rare adrenal tumor. They first said the blood work was normal, then called back later to say adrenal levels were borderline. Recently, I've had the dull ache in my left side just below my ribs, both sides (I presume kidneys) hurting at the same time and in the exact same dull ache/pressure feeling and my lower back has a stabbing pain when I bend over forward. I don't want to raise back up because it feels like it is crushing a nerve or something. No idea why I would be having back issues. I am an order picker at my job, but we don't lift stuff that is very heavy. Now I'm concerned about a potential tumor/mass in my abdomen or on an adrenal gland on a kidney. Doc keeps blaming "anxiety" and putting me on metoprolol 25mg. I just get odd feelings where I'm panicking out of nowhere late at night for no reason. I've read that adrenal tumors can do this, among other things. I also get these single "jolts" throughout the day. Like I can be carrying something with both hands or doing a task standing upright and I'll get a single 'jump' forward. If I lean back in a chair and my hair inadvertently touches the back of the chair, my body jerks forward a single time in a quick and violent fashion. If I walk into a retail store with an air blower blowing air down as you enter the door, my body reacts as if I've nearly hit my head and jerks me downward. I suspect this may be back-related. Nobody seems to know what the heck is wrong with me, but I feel AWFUL every single day when I wake up. It isn't sleep apnea, I'm already on CPAP for that and treatment is going well and has been for a long time. My energy is just gone to the point where I can't work out anymore, lift weights, etc. Exhausted daily. Even my sex drive...my 'lil dude can't stand up anymore. Will insurance pay for a full-body scan or half-body scan to check for cancer, if you've met your deductible? Doing a body part at a time seems pretty expensive, but a full MRI at a regular place seems like about 10 times that. I presume that a "quick scan" for $399 at this First Look MRI place is still a decent MRI since they indicate back problems can be found with it. If I had a similar quick scan for the abdomen area and back area, will they overlap one another? For instance, will the MRI of the lower back inadvertently go down deep enough to see the abdomen on the other side or not really? [link] [comments]  |
| Posted: 26 Jan 2020 08:12 PM PST Context: My dad bought my car, because his bank gave him a better interest rate than anywhere I could find. Thus, he owns the car, but I pay for all the costs. This was fine when I lived with my parents and we were all on one insurance policy, but I have now moved to California and my parents are still in Virginia. I bought a policy for this car in California via Geico. Is this the correct move since I am not the owner of the car technically? [link] [comments]  |
| How long do at-fault accidents stay on record? Posted: 26 Jan 2020 08:03 PM PST Hello, all! I was at fault in a minor accident back in May of 2015, and I am currently shopping around for cheaper insurance. I received a quote from USAA, however it said due to my accident that my policy would be more than the initial quote. Does anyone know how long accidents typically affect insurance prices? Also, one of my coworkers advised me that my insurance could jump in price after the first policy period with a new company. Is that common or standard? Thanks for any and all help! [link] [comments]  |
| Is there "insurance history" ? Posted: 26 Jan 2020 07:57 PM PST Relatively simple question that I could not find in the FAQ: Not insurance history in terms of accidents. Is your auto insurance rate impacted by having your own policy? I am thinking about this in terms similar to a "credit history". Is it detrimental to have your vehicle insured under the less costly policy of a family member for as long as you qualify? Example: Sister is insured with Allstate under brother's policy as a driver. Her vehicle is also insured under this policy. Is she sacrificing some kind of "history building" by not having her own policy? If so, would this history building matter if she changed the company she eventually got her own insurance with, say, USAA? [link] [comments]  |
| How can I permanently get rid of an incorrect collections account? Posted: 26 Jan 2020 06:59 PM PST Years ago, I broke my pinky playing football in the dark. Stupid, yes I know. So, I go to the ER for an xray, they confirm it's broken and I leave. Fully insured through my step dad's insurance at the time. Years later, I get a collections on my credit and my score plummets. Over the course of weeks, my step dad and I contacted his insurance and the collections agency and settled the issue. Then a year later it popped up again. We three-way-call insurance and the agency again and settle it. A year or two goes by. And it pops again. A year goes by and it pops up again. And here we are, once again, with a collection for the exact same amount currently damaging my credit. Every single time it's happened, I've disputed it through Credit Karma and through Equifax/Transunion directly, but always to no avail. It always comes down to contacting the insurance company and putting them through to the collectors ourselves. How can I get this permanently resolved to save my credit from this lunacy? I'm in Texas if that affects anything. [link] [comments]  |
| Career path starting with adjusting Posted: 26 Jan 2020 06:10 PM PST Hello everyone! I just recently graduated college and got my first job as a material damage adjuster trainee for a fairly large insurance company (top 15 in the country). So far, I really enjoy the job. The pay is pretty decent for my age (I'm 22 and making around 43k-45k starting) and I'm looking at around a 10% raise in the next 3 months and moving from trainee to an "official" adjuster after a total of 6 months on the job. The benefits are good and overall, I am very happy with the job. However, something I worrying me about it in terms of advancement. I know that I can continue in claims and probably cap out around 60k-70k. However, I really am more interested in management and working my way up in the company and really ultimately boosting my earning potential. I started in claims as a way to kind of get a foot in the door and get some experience as well as a more stable paycheck and benefits compared to my last job. I guess my concern is that i am in a position where I am making decent money and I will be stuck here indefinitely with no real opportunities for advancement beyond the basic 2% yearly raise or whatever. I have a friend that also started in claims a few years ago that is stuck in this position and it worries me because he is having trouble finding any opportunities for advancement outside of claims where he started. I guess I'm just looking to see if any of you have started out in a position like this and made a move into corporate or advanced within your company significantly, and if you all have any tips for setting myself up for success early on in my career. Thank you for any advice! [link] [comments]  |
| Posted: 26 Jan 2020 05:25 PM PST 1) Could someone please explain the Drivers License Compact agreement to me? 2) Does this mean that, if I end up moving from New Jersey to Georgia, that any points I've had received in New Jersey, will not follow me into Georgia? 3) Does this also mean that, if I move to Georgia and have a Georgia license for a few months (no car, but simply have a license), that the insurance company in Georgia will not look at my old license from New Jersey which has some tickets (violations in 2017 but convictions for these in early 2019)? 4) Lastly, is there any city or state which an insurance company will not look at the previous state's driving record? Ex: if I have the current (not previous) state's license for a year (not driving, but simply have a license) then they will not look at the previous state which has some recent convictions (1 year ago conviction)? I appreciate any and all answers and advice. Thank you. [link] [comments]  |
| Posted: 26 Jan 2020 09:18 AM PST My daughter was born in October and after being discharged had to be admitted to the NICU for phototherapy. She spent 24 hrs under the bili lights and another 15hrs for observation and was discharged as her labs were well in the normal range. Overall we occupied a NICU room for a little under 40 hrs and other than phototherapy had labs drawn three times (two of which were only bili). No IV, medication, etc. There is also a charge on there for a procedure that was not provided. Between my husband and I, we never left her side. My insurance processed and paid this claim, and my plan requires a 10% copay of the negotiated $35k bill so I have a strong incentive to get this addressed. The hospital is giving me the run-around as to what made this a level 3 stay, and ignores my requests for information on why there are two charges for the same dates of service -- since insurance paid the claim they have no motivation to do work to lose money. My insurance keeps pushing me off saying they will look into it, acknowledging the simultaneous NICU stays are odd bit after a month this is going nowhere. Hospital sent final notice before going to collections (a year ago this same hospital sent a different bill to collections on the same timeline while I was in the process of working through a different coding error). I am trying to figure out how to most effectively dispute:
It seems this will go nowhere until my insurance is involved since they already paid. I am looking for advice as to how to get this resolved. Thanks! [link] [comments]  |
| Accident forgiveness and premium still going up by 25%? Posted: 26 Jan 2020 03:05 PM PST I was in a very minor fender bender that was my fault. I tapped the back of another driver and cause minimal damage. This was my first accident in over 5 years which is USAAs requirement for the benefit. (My first at fault accident ever) The guy is claiming bodily injury and has an attorney though I literally drifted into him without my foot even on the gas while I was prematurely looking left to see if it was clear for me to turn right. My policy just got renewed and even though it says "accident forgiveness applied" my policy went up 25%. it's obviously my fault but I wouldn't have paid for this extra benefit if my policy was going to go up anyway. Am I just avoiding an extra surcharge here? Worth calling USAA and trying to argue it back down? I'm not trying to escape the responsibility that this was my fault, just trying to figure out what I should be expecting since i've been paying for A.F. for multiple years. Thanks! [link] [comments]  |
| Posted: 26 Jan 2020 12:21 PM PST I received a questionnaire from my auto insurer. They are asking if, within the past 3 years, has any driver in the household had a motor vehicle violation. Does that include camera tickets? Those don't accrue points on your license and aren't supposed to affect insurance. I'm not really sure how I would find the dates for each one anyway. My wife can have a lead foot sometimes. [link] [comments]  |
| Car rental collision, am I liable to be sued by rental insurance? Posted: 26 Jan 2020 08:14 AM PST I've never been in an accident before so unsure how this works. I'm from Ireland, just arrived in Canada one week ago but I was renting an Enterprise vehicle in Ontario when another person drove through a stop sign and crunched into me. I'm ok but the two cars are done for, and the police rang a tow company to retrieve the cars. Me and the passenger in my vehicle both gave police statements and the other driver admitted full responsibility saying he seen us and "just floored it". I didn't take the insurance that Enterprise offered since I have travel insurance (but I don't think it covers rental cars, it says nothing about them in the agreement). I'm not trying to claim against the man, I'm just a bit stiff but ok. I rang Enterprise to try and get another rental car since I had rented the one that was destroyed until Tuesday, but they are saying I need a claim number from my travel insurance. Why would this be? What am I telling my own insurance? I was in an accident but I'm not trying to claim but the rental company needs a claim number from you? I'm not educated in this at all, and don't know the correct protocol. Please help. Sorry for being long-winded, I'm at a loose end. [link] [comments]  |
| I got into a total loss accident with state minimum insurance. What would be the best next step? Posted: 26 Jan 2020 11:33 AM PST I got into a total loss accident about 6 weeks ago. My car was a 2006 Honda Civic worth about $4,000. I did not report the incident or file a claim. I only had the state minimum car insurance (value: $10,000) on my vehicle at the time of the crash. From what I've heard and read, I wouldn't be eligible to receive the value of the car at the time of the crash. Details of the crash: it was just me, lost control of the vehicle on the slippery highway while it was raining and spun before colliding with the highway rails. So no collision with another driver and no major injuries (I did not go to the hospital after). Insurance company is Geico. I just called to cancel my insurance policy and stated that I don't have the car anymore and would not get another within the near future. The main reason I've avoided filing the claim is my age (23), lack of money as a student, and concern that it will raise my insurance rates going forward. I could use advice. Am I better off actually filing the claim? Is it likely I'd get anything back? If so, is the payout likely to be worth the increased rates in the future? Also this is the 1st accident I've had. [link] [comments]  |
| Life Insurance Health Considerations Posted: 26 Jan 2020 11:31 AM PST Hi I have High Blood Pressure and high cholesterol. Both are now being treated with medication. I know that both effect the cost of my insurance. Can i get a lower cost policy if ive say been on the medication for 6 months and my BP and Cholesterol are now normal? [link] [comments]  |
| Posted: 26 Jan 2020 11:09 AM PST I got a new car (Car B) to replace the one I was previously driving (Car A). I've found an insurance policy with another provider that is cheaper and so have paid to have it begin the day that my current policy expires (in 1 month and 10 days). Do I still need to notify my current provider to replace Car A with Car B for the remainder of the policy term? [link] [comments]  |
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