Walsh, James
while her mother’s plan is secondary. If Lisa has a medical expense of $3,000, her father’s insurance will process the claim first and cover the eligible expenses up to the policy limits. The remaining balance will then be submitted ...
What Does Binding Mean in Insurance?. Companies of all sizes need and benefit from commercial insurance coverage. Commercial insurance covers everything from real and personal property to product liability, protecting business owners from financial ruin
When you apply for an insurance policy, you should ask if the carrier provides bound converge, and if so, what that entails. Remember anything can happen during the several weeks that it may take for the insurance underwriter to approve your application, and when it comes to your safety, it...
What does HIPAA really mean? (Editorial).(Health Insurance Portability and Accountability Act)Gaston, Mary Alice
So what does this mean for consumers? At present when someone visits a financial adviser or bank to discuss their mortgage requirements, they will be advised regarding protection of their liabilities with a range of insurances such as life insurance or critical illness insurance. While not mandat...
One of the many benefits of working at home is that you can deduct legitimate expenses from your taxes. The downside is that since home office tax deductions are so easily abused, the Internal Revenue Service (IRS) tends to scrutinize them more closely t
How Does a Health Insurance Deductible Work? Let’s pretend you have a health insurance plan with a $1,000 deductible. If you have an accident or develop an illness and need medical treatment, you’ll have to pay for the first $1,000 in medical costs. And after you’ve met that $1...
considers whether APRA regulated entities should reassess their insurance policies. When? Subject to a ministerial declaration, FAR will apply to insurers (and the insurers' NOHCs) from the later of 1 July 2023 or 18 months after the Regime has commenced (which will depend on when ...
The real estate transaction could be held in escrow such that the sale wouldn't be completed until the buyer obtains financing or a mortgage from a bank. Also, the buyer could have difficulty securing the necessaryinsuranceand other policies needed to complete the transaction. If the buyer doesn...