Help next to business homework around Insurance and empirical probability.?
Question:
I hate to do this, but I gotta do what I gotta do.
The annual premium for $5000 insurance policy against the pinching of a painting is $150. If the (empirical) probability that the sculpture will be stolen during the year is .01, what is your expected return from the insurance company if you take out this insurance?
Answer:
Dear jonatne,
What is this business going on for "empirical probability?" If you want to assert that there is a 1% coincidence that the painting will be stolen during the subsequent year then that's fine; it's adjectives you need to work near, and terming it "empirical" is a preventable and dubious distinction.
The problem itself is quite simple. To receive the expected return, multiply each possible outcome by its respective probability, later sum these. This gives you a weighted average, where on earth the weights are the probabilities. (If the probabilities were equal, after you would have the comfortable arithmetic average.) Thus your expected return from the insurance company is given as
[(0.01) x $5000] + [(0.99) x (-$150)]
= $50.00 - $148.50
= -$98.50 .
Edit: KevinZoo caught my slip, good for him.
You can approach it the path Kevin wrote, which looks like (expected) losses versus gain, or you could look at it as (expected) revenues minus costs in the form below. Either style gives you duplicate net result.
[(0.01) x $5000] -$150
= $50.00 - $150.00
= -$100.00 .
Wow. I took college algebra but this one is means of access over my head.
I'll bet someone over on the Math forum could find the answer. Why don't you post contained by in Mathematics? I can't even remember the formula for Empirical probability anymore.
The one answer is close but slightly rotten, as you still incur the premium even if it is stolen. The correct answer is:
.99x(-150) + .01x(5000-150)
which equals -100.
What is the best instrument to cram roughly speaking Medicare?
Question:
I will be 65 years old contained by May, 2007. I would like to swot about Medicare in need all the legalese. What is the best route to go almost it?
Answer:
I educate folks every morning on Medicare, Part A, Part B and supplemental insurance to cover the "gaps", and there are copious. If you contact Medicare, they will send you out a travel guide that is completely foreign to most culture. The big points you need to know:
About March, you'll want to own your options narrowed down. Do you want an HMO, Private Insurance, PPO, or does your retirement plan provide robustness benefits after you turn 65?
You do want part A (which is free) and Part B (which you discharge out of your social security.
A: Hospital Coverage. This covers 80% of your hospital stay. It does not cover the doctors that tend to you here.
B: Doctor/Specialist/Surgeon coverage. This covers 80% of your doctor visits, lab work, specialists, and surgeons. You will probably use this the most.
Then depending on your goal, you want to pick a couple providers of the Medigap coverage. The big companies are: State Farm, Mutual of Omaha, AARP, and Bankers Life.
3 months prior to your b-day month, and 3 months after, you are in Open Enrollment. There is no robustness underwriting beside insurance companies. Remember HMO's can always deny you base on health. Insurance companies can't if you are contained by Open Enrollment. If your health is not great, don't miss this pane of opportunity.
Depending on your State, you can plan on paying anywhere from $100 - $175 on a supplement.
You will want a plan F supplement or a J in some states. No deductibles, co-pays, and the supplement pays the remaining symmetry of any doctor bills, hospital bills, etc. that Medicare approves and pays their part.
Let me know if I can support any further. I can mail you a simple brochure outlining what Medicare Covers, and what they Don't. Just e-mail me your address and I'll carry it out for you. Hope that gets you started.
Call Aetna's 1800 number and ask going on for medicare, i just remember seeing their commercial today roughly how they want people to christen them to ask about medicare.
G00GLE turn out for their 1800 number.
Good Luck!!
Medicare is run by Social Security. Contact Social Security and get their brochure.
Here is a crash course
Americans that work wage into a system called Social Security- remember since you be a kid your check always have with-holding tax? This be to pay for your social payment benefits, when you turn 65, you are entitled to "your benefits" prior to your 65 you should make an appointment "over the phone or contained by person" at your local Social Security office to sign up for Parts A & B. Upon your 65th birthday you will own your Medicare card! Now the fun starts, all the companies, Aetna, Blue Cross/ Blue Shield, Secure Horizons, Cigna, Human, AARP will come after you resembling a ice cube within the desert, they all want your buisiness. You are probably wondering why??
As a Medicare receiver you can pick a Supplemental Plan, or the more popular assignment into a HMO Program. What is the difference??
A. Medicare Supplemental plan, does what it says- it supplements the amount Medicare will pay a Dr. who accept medicare. Basically you can choose from varying plans which pay out the percentage that Medicare parts a and b will not reimburse. Hence the word Supplement- it will supplement the medicare plan! Plan F (about 130.00 a month) is the most popular as it pays out the most, the difference on most Medicare Supplemental plans is that some work within a exchange cards of providers (PPO) and some will allow you to see any Dr. in America who Accepts Medicare as your primary and after pay the supplmental amount. If you choose to dance with a supplemental plan you will also stipulation to sign up with Part D plan, you can move about with indistinguishable carrier or pick another, these are terrifically low cost (4-33.00 a month) one of the most important portion of these plans is to ask for the formulary (list of the RX that are covered) check to see that the drugs you take are covered.
HMO plans, these are super popular because they are in general free or very little per month!..You are probably wondering why are they free, what is the take into custody.. well the block is that you are assigning your medicare benefits to the company you pick.. So in reality the HMO will collect from medicare hundreds of dollars to provide you medical coverage (approx. 700. per month per person at 65!).. in a minute you are probably figuring out why so abundant people are calling you for your business, this is fairly profitable.
Things to know, when a citizen turns 65 and qualifies for medicare parts a b, and d, you hold 6months to pick a plan- and during this time you are guaranteed acceptance- regardless of any health conditions!
Lots more to know, so speak to lots of relatives, review, read, and you will figure it out, remember every year at January is Open Enrollment!
well-mannered luck
I would recommend going right to the source. www.medicare.gov
there's a section entitled "medicare and you" it's fairly long, but it will give you adjectives the info you need as to how medicare works, what you can expect to reimburse, as well as some insight contained by choosing your medicare supplemental insurance as well.
Good luck
Your local Social Services agency or Social Security Administration bureau. You can also go online www.medicare.gov.
How to catch a available job within RELIANCE industries & earn respect from everyone surrounded by society ?
Question:
Answer:
Be honest and forthright in adjectives your dealings beside people.
if a tree falls on your house property and your vehicle would both be covered by homeowners insurance?/?
Question:
Answer:
You would have two separate claims, one for your homeowner's policy to cover the sabotage done to your home and a Comprehensive (COMP) claim for the damage done to your vehicle. You'll enjoy to pay two separate deductibles as all right.
Homeowner's insurance pays for damage done to the residence (or any other property coverage is extended to) below coverage A, any unattached structures under coverage B, your personal property (coverage C) and provides liability coverage (if, for example, you tree hurt someone else or tattered their property). Damage done to automobiles is specifically excluded under the homeowner's policy.
Your auto insurance will wages only if you own Comprehensive coverage. Comp coverage is for damage done to your auto "except by collision," which covers things like falling objects (trees), animal strikes, vandalism, robbery etc.
If it's your neighbor's tree that fell, coverage may or may not exist under their policy; one factor near will be whether or not their tree was alive at the time of the loss.
Contact your insurance agent and best of luck to you!
yes
I wouldn't feel so-- I think the motor is covered by your car insurance and the house by the home insurance.
Likewise, if your sports car is stolen, it is covered by your car insurance, but contents are generally covered by your home insurance.
Yes.
Your home is covered under your homeowners policy. Automobiles are specifically excluded from coverage beneath a homeowners policy.
So in short, The Homeowners policy take care of the house and the Automobile policy take care of the coup¨¦.
No if's, and's or but's
Your vehicle would not be covered under your homeowners policy as vehicle are excluded. You would go below your auto insurance. If there is no auto insurance later you are out of luck
No. Your house insurance covers the damage done to your house by the tree, and your coup¨¦ insurance , IF you have comprehensive coverage, covers the hurt done to your car by the tree.
The homeowner who owns the tree is NOT liable for damages, surrounded by most cases.
How does form insurance work contained by the US?
Question:
I am a non-US citizen and need this information to do a travel case.
Specifically:
1) Is health insurance compulsory for everyone?
2) What happen if someone cannot afford it?
3) In the event that a medical procedure needs to be done, does robustness insurance cover all the bills? Does the long-suffering need to wages anything extra?
4) Does the patient own any say over what genus of procedure he can take? Say if 2 treatments are available for his condition, can the merciful choose the more expensive treatment? And if so, is it covered by the insurance?
Thanks for reading this. Your help contained by answering any part of the question would be greatly appreciated!
Answer:
You've asked a very broad grill. There is no simple answer.
In truth, health insurance works for a moment differently in respectively state.
To answer your specific questions:
1) No, robustness insurance is not compulsory for everyone. If you're lucky, you are able to marry a group policy at work. (If you're really lucky, it's a good policy and the employer pays at tiniest half of it.) Some states own recently made it compulsory, but that's such a recent coppers that there's no clear cut answer yet for how that's going to work.
2) What happen if someone can't afford it is... they don't get it, usually. Except if your income puts you below the "poverty level", contained by which case you qualify for Medicaid. (In some states within are programs that typically provide assistance with insuring children, though they are few and far between for covering adults.)
3) Health insurance now and then covers all the bills when you own a procedure done. Most plans cover 50-80% after you meet your deductible. The deductible amounts come and go widely (but the trend is that the deductibles are getting higher and complex to keep the premiums down.) If you're really, REALLY lucky, you don't own a deductible (which is only an alternative on group plans), and you may only enjoy to pay 10% of covered charges. (These plans are few and far between. As within, you might have them if you're within Congress.)
4) Yes, the patient have some say over procedures. However, if the lenient opts for an "experimental" procedure, or one that isn't deem "medically necessary", then robustness insurance may refuse to cover any charges at adjectives.
In the end, as next to most things, the middle class takes the brunt of these costs. This have become such a problem that more than 50% of all bankruptcy are as a result of medical bills (and of those, more than 75% had form insurance.)
** Edited to add:
It's not ALL in the region of the money when a procedure is involved. If it is, the state keeps track of complaints file on behalf of consumers with "manage care" (ie. any type of network arrangement including Preferred Provider Organizations, Health Maintenance Organizations, and Point of Service organization -- also known as PPO, HMO, and POS) and may impressively well revoke a company's charter to do business within the state should the company be turning down too many legal claims.
However, insurance companies are sticklers for following the "standard" for medical care. This is what make it difficult to answer your question. Because they should not deny anything that's considered standard for effort in the given circumstances (should not and will not individual two completely different things, of course.) And within may be several options that would be considered "standard." If the forgiving wants treatment that isn't on the other hand considered "standard", they would balk. Period.
Health insurance doesnt work in the US. If you cant afford it (it is exceedingly expensive) you dont have it. We do own programs to provide insurance to those that cant afford it, but it is primarily for children. You can choose any treatment you want as long as you are going to pay for it. If you do enjoy insurance the insurance company pretty much tells you what they will remuneration for, otherwise you are on your own. Insurance companies rule in the US, and if you dont similar to it.too bad.
Wow. What a interrogate. In the order asked.
1. No.
2. You do lacking.
3. Rarely do they cover all the bills. Most habitually, patients pay a pre-negotiated portion - any a set dollar amount of a copay or a percentage.
4. In a perfect world, simply doctors and their patients would have utter over what treatments are performed. But, since this is by far NOT a fail-safe world, the insurance companies have the say aloud. The patient doesn't win to choose the more expensive treatment - and the ONLY way it would be covered be if the patient and their doctor(s) can prove beyond a shadow of a doubt that by the insurance shelling out more money up front (in the form of the treatment) they would, surrounded by fact, amass money in the long run - by not have to pay for complications or repeat proecdures.
If the forgiving ops to "top up" the treatment, they better have reflective pockets because they'll probably end up paying for most, if all of it.
I am looking for private strength insurance. Right presently I enjoy Kaiser and I requirement to switch. Reccommendations?
Question:
Answer:
The side-by-side comparison websites are good, but can't explain the differences surrounded by policies. My suggestion will always be to contact a licensed independent insurance agent surrounded by your area and rota an appointment. You will be able to explain your personal form situation and find the right coverage for you.
In most cases, it doesn't cost you any additional $$$ to buy your coverage through an agent. The commission is built into the cost. Do you deliberate the website owners do it for free? No, they get a commission simply like any other agent. If you're paying it anyway, find the most for your money.
I don't list my website because I am not trying to provide you anything, only to endow with you objective counsel on the topic. Besides, I don't do business that way.
Anthem is honourable.
Be careful that you don't fal into the "nickname trap". Your best bet is to get a free side by side comparison quote so that you can compare rates and coverage and fashion an informed decision next to that information. The following site has a great free comparison quote piece
I like the flexibility of a PPO. You find a break if you use the suggested doctors. But you can always choose the doctor you grain is best for you. I was competent to go directly to a specialist short prior approval from my PPO. I have FirstCare.
the insurance law in California are pretty extreme, and because of that its really tough to find affordable private condition insurance. I'd advise to stay next to Kaiser if you can. If its not an option, try Blue Cross or any other Wellpoint product.
I found this http://geobay.com/bdd109 article it should answer your give somebody the third degree it has some honourable information on health insurance and how to find apposite deals.
What personal properties is covered beside homeowner insurance?
Question:
I want take picture of the items within my car and home for insurance policy. What is or isn't fitting?
Answer:
The best thing to do is first speech with your agent and determine any policy limitations or exclusions. Some company's sunhat certain lossess for convinced items (e.g. a non-scheduled jewelry theft might be cap at $2,500).
A good rule of thumb is this: Ask yourself if you own anything worth having appraised. If you cogitate you have something worth have appraised then you're probably going to want to hold that item specifically scheduled on your homeowners policy.
It may include to the premium so you'll need to bring only A: what you can afford and B: what your comfortable next to coverage-wise. You may want to play around with varying deductibles etc in charge to lessen the any premium increase.
As far as items in your motor; be carefull with this one. Lets speak your car caught fire and burned up taking a bunch of clothes, furniture and tvs near it that were inside the vehicle at the time. Your belongings that were within the car would be covered lower than your homeowners policy and not under the auto (which would single cover that car itself and possibly some custom stuff depending on your policy). Just don't have a sneaking suspicion that that because it's in the vehicle the auto insurance will cover it.
I would recomend taking any receipts for expensive items and keeping them in a folder outside the house (or own your agent put them in your file), stride around make a common inventory of your belongings, and take any pictures or videos of the inside of your home.
this can varry by insurance companies,, why ot ask your agent and move about from there??
Yes, respectively policy/company is different. Why dont you either read through your policy, which is complicated to understand, or contact the company for relief. Your insurance will save you contained by a time of need.
Everything you own, exept parts for autos, airplanes, boats or other items that can be otherwise insured.
Take photos. Make an inventory. Use the cost to replace beside like caring and quality. Add any shipping, conferral, taxes that apply to the value.
Keep the inventory contained by a safe place away from your home.
You would stipulation to refer to your policy, honestly. As an insurance professional, I can advise that respectively policy may vary; it is possible to protect your dwelling, but NOT your contents, but also possible to carry a policy to protect the dwelling AND contents in equal policy. That's why you need to check.
It is a well brought-up idea to document your belongings near photographs or video, ESPECIALLY so if you have useful, rare or terrifically expensive items. You should also keep receipts/ladings for these items as ably. If this is the case, you'd also want to check your policy to see if they hold riders for these expensive items if you own them. If they are just everyday, frequent items, then receipts near documentation (like a written inventory) will suffice - no video needed, really.
http://www.allstate.com
http://www.homeinsurance.com
Depends on the policy form and endorsements! Some policies exclude embezzlement. Most have a shortening of coverage for money, jewelry, furs, and cd's/media in the saloon. Other than that, EVERYTHING is covered, for NAMED perils. That would usually be fire, nicking, wind defacement (AFTER the wind broke through the house - it doesn't cover stuff surrounded by the yard for WIND), falling objects, aircraft prejudice, riot & civil commotion, vandalism, etc.
Your best bet is to talk to your agent.
This ebb and flow from company to company. You can make some force out in yahoo or G00GLE to find them.
To know more stop by
http://newinsurancetips.blogspot.com...
I call for robustness insurance. Calgary...Alberta?
Question:
I used to have robustness insurance (Great West Life) with my previous employer contained by Ontario. Now I moved to Calgary and I'm working as a consultant. My husband is a self employee as ably. And we need a vigour insurance to cover drug, eye, dental, etc. for just contained by case. We just used it but it is always flawless to have it. You'll never know right? Anybody know how / where to find it? Because we are a couple do we have to clear more than we used to pay when we be working? Also which insurers would you recommend?
Thanks
Answer:
One insurer that I know of and that advertises frequently is "Flex Care" from Manulife Financial. They pile it on as affordable supplementary health comfort for self-employed people. You can also select the kind of coverage that you want, and that allows you to customize your coverage to your needs.
I'm sure within are other plans which also allow this kind of coverage. Blue Cross is a Canada-wide insurer that offer supplementary coverage.
You can actually capture quotes from a variety of insurers online, using Health Insurance Quotes Canada. Their site is: http://www.healthquotes.ca/?gclid=copsjd...
Another place to get hold of quotes:
http://www.canadian-family-medical-plans...
Doesn't Canada have free robustness care?
I hold a plan you may be interested in. It's a worthy plan to have merely in shield. http://everyonebenefits.com/40436527...
Myself lic agent does anyone necessitate lic policy?
Question:
Answer:
Ok, LIC agent ! Before asking me that question, answer me if u r eligible to trade me an LIC policy. "R u an intelligent, hardworking person ?" "Did u become an LIC agent b'coz u didn't return with table job anywhere?" "R u an undergraduate who have become an LIC agent b'coz u don't have brains to complete graduation?". First answer adjectives these questions of mine & next think of doing LIC business.
within which city you can give policy. for policy selling you must describe more or less it and give your address and contact no. Are you giving some rebate within lic. you can contact me on
http://www.itiaks.org
http://www.ignou.info
http://www.sunny.ignou.info
http://www.varunika.reliancefresh.info...
Not only are you a Lic Agent you can run to Lic jail if you solicit surrounded by a state you are not Lic in.
Maybe you should filch your Lic test again...
borrowing on a time insurance policy?
Question:
If a life insurance policy be created more than 2 years ago and it's worth $100,000. How much would you be allowed to borrow from it today.
Answer:
Probably nothing - it hasn't be in force long ample.
If it's TERM insurance (which, btw, is the BEST insurance deal going) after you can NEVER borrow against it. If it's whole life span, after a few years (like five) you can usually borrow up to 10% of what you've paid into it.
That's why it's a rotten settlement. Say you're 25. If this is a term policy, it's probably costing you $200 a year. If it's a full life policy, it's probalby costing you closer to $2500 a year. So after two years, on a possession policy, you've paid $400. On a full life, $5,000. But if you own any cash effectiveness built up, it's probably worth about $500.
If you have purchased term, you'd own $2100 extra, and you WOULDN'T have to ever salary it back.
An insurance policy have a conditional value and might be worth $x at any given time but if never claimed is worthless.
If yours is a permanent/cash good point life insurance policy. If there's any brass value smaller number surrend value/allowance.. you can borrow from this amount. Also depending on any clauses and min. amount you can borrow. If you cash surrender harmonize is less, you can't borrow.
I recommend you homily to your agent about this.
But from my set knowledge... you'd receive (around) 100k if you died. However, you might not enjoy 100k in equity (i.e. frontage value). I doubt you can borrow against the 100k... but rather the equity.
Term insurance is a GREAT operation IF (and IF is a mighty big word) you are disciplined to save ample during the insurance term (30 years if it is a 30 year residence policy) to pay adjectives of your bill through the rest of your life and you hold no large surprising expenses like uninsured medical bills, a larger home or second home then in natural life, care for aging parents etc. It is also other if you are guaranteed to die during the term.
Term have its place but perhaps it is best to own both occupancy and permanent insurance.
Go address to one or more agents in your nouns.
Good Luck.
You'll need to give the name the agent that wrote the policy or the company that issued it. Make sure you have the policy number when you call for and ask them what the loanable value of the policy is. Also ask them what the interest rate on the loan is. I hold both whole existence and term existence insurance for myself and wouldn't have it any other method. Its not a great idea to borrow money on a energy policy though and I would research my options (home equity, personal loan..) beforehand pulling money from your life policy.
The amount of dosh value contained by your policy should be stated in your policy. Its probably singular have a few dollars to possibly $1000, depending how long you have the policy for. Your life span policy is not worth $100,000, this is just the departure benefit. The actual worth of the life policy is how much lolly value you own in the policy.
Every year, your time insurance company should send you a statement on how much brass value you enjoy in the policy.
Term insurance is a policy next to a set duration limit on the coverage time. Once the policy is expired, it is up to the policy owner to decide whether to renew the occupancy life insurance policy or to tolerate the coverage terminate. This type of insurance policy contrasts next to permanent enthusiasm insurance, whose duration extends until the policy owner reaches 100 years of age (i.e. death).
These type of policies provide a stated benefit upon destruction of the policy owner, provided that the death occur within a specific time spell. However, the policy does not provide any returns beyond the stated benefit, unlike permanent go insurance policies, which have a reserves component that can be used for wealth load.
If you have a possession policy with a advantage of $100,000 then you can't borrow from it. If you hold a permanent/universal/whole life policy valued at $100,000 after this value is probably made up of:
1) Face pro of $100,000 (which you can't borrow from)
2) Cash value (accumulates within addition to facade value of $100,000) of $0.00.
You can individual borrow from the cash effectiveness side of the policy & not the face significance.
Try getting an instant quote below. Policies start at as little as $3 per month.
Life Quotes: http://www.insureme.com/landing.aspx?ref...
Take care,
Ron @ InsureMe
Are There Any Affordable Dental Insurance Policys on the Market?
Question:
I am wanting some work done on my teeth but do not have dental insurance, where on earth can I find affordable dental insurance?
Answer:
Well, "affordable" dental coverage, isn't going to save you money.
Private dental coverage is extremely fixed in what it covers, and if you include up all your premiums, and divide what you're having done and how much is covered, you usually expire up paying slightly more than if you paid everything out of pocket.
Dental insurance is a spend of money generally. I would merely get it if my employer be paying for it. Otherwise its better to self-insure and just remuneration for things as they come. The carrier wont reward for any major claims for the first 18months I believe unless you enjoy dental insurance currently. I forget the exact time limit but within is one.
Maybe you can try below website to get the information. It's just about dental insurance articles for your second opinion
Visit http://www.cheap-credit-cards.org/insura... for the best plans
yes, even cheap
Dental discount plans can provide you next to substantial discounts. I saved over $330 beside my dental discount plan. The plans available to you depend on where you live. You should turn to www.lowpriceddentalplans.com so you can compare a couple of plans.
Bob Brown be lately involved within a minor auto catastrophe. His motor be hit from aft, and he, within turn, slamme
Question:
Bob Brown was lately involved in a minor auto chance. His car be hit from behind, and he, surrounded by turn, slammed into the car within front of him. He would like someone to explain his coverage and show him where on earth, in his auto policy, respectively of his losses might be covered. The explanantion of coverage and the location of coverage should be in common terms for most auto insurance policies, please do not use with the sole purpose your personal auto insurance policy as your guide for your response.
Help him out by doing that for each of the following items.
The cost of a medical checkup for his passenger, Ruth
The front and reverse damage to his motor
The damage to the saloon in front of him
The injure to the car astern him
The total amount of liability protection for bodily harm and property impair
Answer:
Really, this is going to depend on which state he is in, and if you're discussion about an ISO pap or state specific form.
In some states, his policy would cover Ruth, surrounded by others, Ruth's policy would be primary, and in still others, it would be the liability of the vehicle aft him. This is going to depend on if you're in a no slate state, or if RUTH lives in a no failing state - you'd check either "medical payments", "pip protections" or "liability" depending on which state you are within.
In most states, the damage to the front of Bob's motor would be under his collision subject to deductible, the vandalize to the rear would be the guy losing him - liability. In some states, ALL the damage to Bob's sports car would be the problem of the guy behind him, as in good health as all the injure to the car contained by front of him.
Total liability protection would be on the declarations page of respectively policy.
sorry, not enough info for an exact answer here!
You shouldn't own copied this right of the textbook. It is obvious that you are wanting some to do your homework for you.
Call your insurance company, and the company of the entity who hit you firstand yes, we all know it be you! lol It was the breakdown of the person aft you, not your fault, so the other driver have to pay for damages.
This interview can't be answered with the information provided. The answer depends on which state you are insured contained by, and the state the accident happen in.
And, I do believe this request for information is right out of the book.
My answer is based on the law of Kansas. Statutes vary state by state.
1. If Ruth be a titled owner of a vehicle she would go beneath her auto PIP insurance. If she were uninsured later she would be responsible out of pocket. If she does not own a vehicle than she would go below Mr. Brown's PIP coverage.
2. Once liability was clear, the vehicle within the very backside would pay for the front and flipside damages to Mr. Brown’s vehicle. The liability adj would have to verify that the front sports car felt one and only 1 impact. This would support that the car that hit Mr. Brown pushed him into the front motor. If the front car feel 2 impacts at hand would be some liability issues that would need to be cleared up.
3. The front vehicle would also be paid for by the bring to a close vehicle for the reasons stated within #2
4. The at fault saloon would be responsible for his own damages. If he has collision coverage than his insurance would pay envelope for his car but for he would pay out of pocket.
5. Not satisfactory info to answer this. Need to know what the dec page says. It is usually something like 100/300/100. The first 100 if for liability coverage per being. That means the most any 1 injured being will receive is 100,000. The 300 means the decrease the policy will pay out for liability within an accident is 300,000. If 5 individuals die in an happenstance the most the policy will pay is 300,000 divided among the 5 population. The last 100 is for the property lay waste to. This is the most the policy will pay out for property mischief in any 1 loss.
Well for one article, an insurance policy is not going to tell him the cost of a medical checkup. The medical provider giving the services sets that amount.
You aren't going to find out the amount of the front and reverse damages to his car by looking within the policy.
Same thing beside the car within front and the car astern.
The total amount of liability protection is not found in the policy any. It is found on the declarations page of the individual policy.
While this is really asking for homework lend a hand, I'd tell you that near any insurance policy you go to "losses we will pay", determine if the loss qualify as one listed, next check definitions to determine if you and your vehicle are considered insured and an owned auto beneath the policy.
You know, now that I really construe about it, this interrogate is stupid. I've been surrounded by insurance for many years and not a soul asks questions this process even on a test.
How can I obtain my HMO to pay cheque my Medical Bills?
Question:
Hired at a hospital with Medical Coverage. The insurance is Blue Cross Adminstrators They Have not rewarded my Medical Bills which total over $5000. They ask me to fill out a form of previous coverage contained by which it took 4 mouths to receive. I mailed the form pay for now, the Doctors and Hospitals are threaten my credit Because they own not received payment. I can not afford to foot the bills I can not find a Lawyer to take on the insurance company. The insurance company own the upper hand and it is totally costly to sue. What can I do? I found that this is problem that eveyone with strength care coverage is facing.
Answer:
As previous answerers hold suggested, getting your HR Department involved may help. However, they enjoy no authority to compel BCBS to explain the delay -- or to make clear to the providers they cannot bill you.
I suggest you contact your state's insurance commissioner's office surrounded by writing to file a complaint. Write a communication explaining the problem and attach photocopies of all documentation you hold, including the bills and the form you completed. Then, fax your complaint to the commissioner's office. They will investigate this business and, if BCBS is violating any of your state's insurance law, the commissioner has the authority to compel corrective conduct. The process is entirely free.
After you've filed the complaints, transport the doctors letters next to a copy of your complaint attached. This will show them that you're doing everything you can to resolve the claims.
Get your human resources involved. They can help
I work within insurance and financial services and in my experiance- Blue cross is one of the worst, most disorganized insurance companies. Yes, they donate good services as far as insurance go but the customer service is much to be desired. Get proof of previous coverage from your past insurance company (if you havent already) and fax it to them directly- ask for proof that they recieved it and call for them up an hour after you send it. I find it accepting to ALWAYS talk to a supervisor and other get near name. Document everything beside specific names and date and times. THat way if you enjoy to call them again- you will influence you talked to "john Doe" on "3/3/07" at "11:04" am If they know you are organized and hold your facts straight then they will do in attendance job.
Actually, it sounds similar to the problem is that you were hired and added to a policy; however, not every policy have a waiver for pre-existing conditions during the first 12 months of being on the policy. Some do, but not various these days. I speak that is probably the problem base on your statement that they asked you to fill out the form more or less your previous coverage.
Since you did fill out the form, I nick it you did HAVE previous coverage? By which I mean that you be listed on another group policy, or an individual policy beside creditable coverage (this is an important point because "guaranteed issue" policies do not hold creditable coverage)? And was at hand any longer than a 63-day gap between the two?
If you have previous, creditable coverage with smaller quantity than a 63-day gap, it sounds resembling your documentation has be lost.
You definitely inevitability to get your Human Resources dept. involved at this point, if explicitly the case. The documentation they requested of you should hold been submitted next to the original paperwork calculation you to the group. And if that doesn't help, your state insurance commissioner's department will almost certainly own some assistance to offer.
However, if you did NOT enjoy previous, creditable coverage (your HR dept. can help you find out if it be creditable), or there be a lapse of longer than 63 days, it's entirely likely that the company is going to deny paying the claim. (Again, check beside the HR dept. to see if there is a pre-existing condition exclusion for the first 12 months you're down on the policy.)
well... if they received your pre-existing paperwork, why haven't they rewarded the claims?
Are they saying the conditions you be treated for were pre-existing conditions? Have you given them your HIPAA pass of credible coverage from your last insurance?
They're not a moment ago ignoring you... there's a problem somewhere... You call for to find out what the actual issue it... Speak with HR, or send for BCBS customer service, and spk with a supervisor... It'll work out.
Call the doctors, and report them you're working on it...
I've worked in condition care & insurance for 10+ years... You necessitate to find out what the presently occuring problem is with the bills... That will report to you how to fix them.
I deal beside Blue Cross everyday and they are going to do this annually. Call the customer service number on your card tomorrow and tell them they they are not paying your claims because they state your COB info is not updated. Tell them you've mail it in and ask them to update it over the phone. Usually they can if you don't hold any other coverage. If they say the can't ask them the website you can step to do download the forms. Stay on the phone with them until you catch to the correct site. Print it and take it up here to them - if they are out of your area ask for their fax number and appointment to confirm they received it. If you can't get anyone to comfort you ask for a supervisor. Once they have received your info ask them to reprocess your claims. They should to this next to in 7 - 10 days. Once you catch this confirmation call the providers billing department and tell them that Blue Cross is reprocessing your claims and they said to make available them 7 - 10 business days. On day 7 be in motion online and check the claim status to make sure your claims hold been reprocessed. If they haven't phone the supervisor again. Remember to document everything and go up here if you have to. Good Luck!
beside an HMO you can ask for a formal review. IF you work at the hospital.. have the HR dept force the issue.
it's almost similar to meeting within a judge's chambers... state your travel case.. have adjectives your stuff.. including the credit bureau letters. They'll perform.
They tried to get out of paying for my examination strips, told me they were durable medical commodities (could be used again).. A friend of mine worked for BCA.. told me about the review process. when I met beside them.. I asked the guy in charge if he minded if I checked his blood sugar... I estimate he was surrounded by shock, because he et me.. put his blood on the test strip and tested his blood.. it be pretty good for someone his age.. afterwards I handed him the experiment strip and asked him how I was supposed to use it again? The claims be paid contained by under a week.
Good luck
In the state of Illinois do you want to fetch insurance for a Beauty Pageant?
Question:
I'm planning to start a new comeliness pageant system in Illinois, this will be the simple pay pageant, held contained by a hotel ballroom, having every one sign a disclouser that neither I or the hotel is responceible for accident. Do I need insurance?
Answer:
Yes, you will inevitability a great deal of liability insurance.
Most substantial, you having them sign a release axiom that neither you nor the hotel is liable for accidents is NOT going to stop the lawyer from suing the bajeezus out of both of you if somebody does get hurt surrounded by an accident.
Those release forms are pretty meaningless unless you write them to include every possible contingency and force adjectives disputes into mandatory arbitration.
Think about what can transpire.
What if somebody falls down the stairs going to the stage?
What if one of the contestants claims you defamed her or that the contest be somehow rigged?
What if one of the contestants is sexually assaulted after the pagaent in one of the hotel rooms?
What if one of the attendees get a bit too tipsy after the pagent in the hotel slab and gets into an coincidence on the way home?
What if one of the sponsors back out of fulfilling one of the prizes?
What if, god forbid, a terrorist or madman decides to strike and lots of citizens get hurt or are kill?
Do you think a moment or two release form is going to absolve you of that liability? Think again.
The trial lawyers will come after the hotel and you and they will come firm.
If they win a judgement against you and you have no insurance or don't hold enough insurance, do you have an idea that it ends there? Nope, they will come after everything you ownyour houseyour carsyour money within the bankthey'll literally take it allto sate the claim.
So with adjectives that in mind.it is worth it not to enjoy insurance for your pagaent?
You absolutely necessitate insurance and you need abundantly of it.
Luckily for you, this kind of coverage is certainly pretty easy to achieve and quite affordable.
Yes, liability insurance is other required for any business and for you all the more considerable in your rank for trip and fall of contestants
You will necessitate general liability insurance. The hotel will probably insist that you hold it before they even consent to you on the premises.
More than likely my guess is that you'll stipulation a specialist to help you find the policy contained by the surplus lines market.
My direction is to place a message in the "Hard to Place" forum at InsuranceJournal.com, referenced below. This is a forum that can relief put you in touch beside an agent or broker that specializes in coverages such as what you're looking for.
No hotel is going to tolerate you use their ballroom unless you have insurance. You will enjoy to name them as "added insured" on your liabiltiy coverage, and you'll have to fetch at least $1,000,000 of coverage.
No one is going to donate any prizes, unless you own fiduciary coverage, and they MIGHT require a bond.
No one is going to lend you any money for "stuff" you might need, unless you own property coverage.
No one is going to REQUIRE that you carry insurance, but you won't procure any interaction from any other entities unless you do.
Does anyone entail life span insurance policy ?
Question:
lots of schemes
Answer:
Yes, most relations need existence insurance to maintain the lifestyle that their house is used to should they pass away. You may want to try a website that compares multiple companies at once to catch you the best price. I am paying less than 1/2 after I did.
Go to: http://www.insureme.com/landing.aspx?ref...
Take thoroughness,
Casey
In terms of Life Insurance, its a great Investment Vehicle to hold. With that, you need to look at your current situation and what your wants are. If you are unmarried, 20 - 30 Age Bracket, than you might want to go for Term Life Insurance, as it will provide protection at low premiums. If you enjoy family and long occupancy financial obligations, than you would want to budge with Whole Life Insurance Policy or Universal Life. In expressions of companies, I would recommend NYLife, MetLife, Prudential.
The donor never collects.Ha!
some do. some dont. depends upon your situation. young ,single, no. married beside children, probably yes.
it depends upon how many dependants that you hold, how old they are, wifes finances.
senior citizen, depends. do you want to donate grandchildren money? can wife live on what she has moved out?
get possession life simply. best value for the money.
within which city you can give policy. for policy selling you must describe give or take a few it and give your address and contact no. Are you giving some rebate surrounded by lic. you can contact me on
http://www.itiaks.org
http://www.ignou.info
http://www.sunny.ignou.info
http://www.varunika.reliancefr...
If u r a private insurer, then u r generosity to tell me going on for ur insurance policy ! However if u r an LIC agent, then GET LOST & GO TO HELL ...coz I don't keep busy representatives of the bleddy, corrupt Indian government.
Yes, time insurance is a financial tool.
Personally, I carry permanent status life, as I want my husband to know how to hire a nanny if I kick sour, and be able to dispatch the kids through college without mortgaging every monster movie he owns. After the kids are grown, though, they're on their own - and I won't mind letting the policy lapse.