Posts Tagged ‘insurance’
Scott Brown For Health Insurance Reform Before He Was Against It?
Last Updated on Tuesday, 22 February 2011 12:26 Written by admin Tuesday, 22 February 2011 12:26
Scott Brown For Health Insurance Reform Before He Was Against It?
Senator-elect Scott Brown won his seat largely due to voter discontent over healthcare reform. The newest Massachusetts senator is a symbol of populist anger, and a possible harbinger for more wide-ranging Democratic defeats in the fall mid-term elections. He has vowed to be the 41st vote that will stand in the way of health insurance legislation. Ironically, it turns out that Brown voted in favor of his state’s healthcare reform legislation, which was enacted in 2006.
While opponents of the Congressional healthcare reform bill are deservedly celebratory that now they have a crucial seat in their corner, the details of Scott Brown’s actual objections to the bill are somewhat murky. He is most notably opposed to the “pork” included in the bill. Senate Majority Leader Harry Reid made several last-minute deals with certain senators in order to secure their votes. These back-room deals send money and benefits to the politician’s district. It is a common practice by both parties, but such negotiations are politically unpopular.
The most controversial portion of those back-room deals was a compromise drafted on behalf of Nebraska Senator Ben Nelson. Nelson, a centrist Democrat, was ambivalent about the health insurance reform bill. He was concerned with both cost controls and limitations on abortion coverage. In exchange for his vote, Nebraska was granted an exemption from paying its share of federal Medicaid public insurance funds. Even with that concession, Reid barely scraped together the 60 votes needed to prevent a Republican filibuster.
Obviously, such a move is not politically popular with most people in the other 49 states. Some state Attorney Generals even threatened to file a lawsuit against the federal government if the bill passed, claiming that the Nebraska exception is unconstitutional. For Brown, who continually referred to Ted Kennedy’s old seat as “The People’s Seat”, going along with such internal Washington politics would be career suicide.
Beyond those ethical concerns, Scott Brown has used the standard party line talking points. Instead of providing affordable health insurance to millions of uninsured Americans, he says, the healthcare reform currently on the table will lead to an increased national deficit and higher taxes while simultaneously worsening the quality of medical care. However, the health insurance plan he supported several years ago in Massachusetts shares many traits with President Obama’s current proposal. It includes a mandate to buy individual health insurance, in addition to subsidies for those unable to afford it. There are public programs for those under the poverty level (Medicaid), senior citizens (Medicare), and children (Healthy Families), but there is no overarching public option.
That healthcare reform bill, signed by former Republican Governor Mitt Romney, has had mixed results. Cost increases are an issue that must be dealt with in the state budget, but nearly all Massachusetts residents now have affordable health insurance. Brown is not running from his support of the state legislation. In fact, Brown touts his state’s system as an example of why national healthcare reform is unnecessary: according to him, Massachusetts is home to some of the best hospitals, doctors, and nurses in the nation. Confusingly, that statement somewhat undercuts his argument of medical insurance reform resulting in decreased quality of care.
Moreover, Brown claims that he does not want his state to subsidize those states that have failed to do something about their own costly health care systems. He also says that the congressional healthcare reform bill is too generic, unlike the Massachusetts system. The seemingly one-size-fits-all national health insurance exchange market does not appeal to small-government Republicans. Therefore, Brown believes it is best to scrap the entire bill entirely and start over. Whether or not his request is genuine remains to be seen. Although he received support from so-called “tea party” members against health insurance entirely, Scott Brown’s campaign website admits that he supports reform under certain conditions: “I support strengthening the existing private market system with policies that will drive down costs and make it easier for people to purchase affordable insurance.” As for his old vote as a state Senator, Brown continues to “support the 2006 healthcare law that was successful in expanding coverage, but [recognizes] that the state must now turn its attention to controlling costs.”
Such seeming transparency has not allowed Brown to avoid being considered in some corners as a “flip-flopper”. The term helped cost Brown’s new colleague, fellow Massachusetts Senator John Kerry, the presidency in 2004: he initially voted in favor of the war in Iraq, but later reconsidered and apologized for his former vote. The criticism has come mostly from liberals, who see little difference in the state affordable health insurance proposal he supported and the national one he does not–other than their respective popularity in the polls.
(Image: University of Central Oklahoma)
Yamileth Medina is an up and coming expert on Health Insurance and Healthcare Reform. She aims to help people realize that they can find quality medical insurance right now. Yamileth lives in Miami, FL.
Article from articlesbase.com
What Do You Need To Know About Earthquake Insurance
Last Updated on Tuesday, 22 February 2011 12:20 Written by admin Tuesday, 22 February 2011 12:20
What Do You Need To Know About Earthquake Insurance
What do San Diego County residents have to know about Earthquake Insurance Policies, Risks and Costs?
Quality Claims Management views Earthquake coverage as catastrophic insurance. You will only need it if we have a really big earthquake. However, depending on where you live in San Diego and how much you have invested in your home, you may opt to get coverage. Here is what you need to know.
First, most standard homeowners, mobile home owners, condominium, and renter’s insurance policies DO NOT cover earthquake damage. Similar to flood insurance, earthquake insurance usually must be purchased separately.
However, fire insurance is part of most typical homeowners insurance policies. This means your home insurance policy may cover a significant part of the damage if your home burns down or is damaged in a fire that is caused by an earthquake.
Much of the damage that often arises from an earthquake happens after the ground stops shaking. Gas lines that may have ruptured and start leaking can catch on fire and burn your home to the ground. In San Diego County, it is also very possible that your home may be consumed in a wildfire sparked caused by earthquake motion many miles away. A power line may have collapsed. A home may have caught fire because of the quake and flames traveled many miles through brush to your home.
Another major factor is water damage. Quakes often break pipes. Even small quakes can crack a water or sewer pipe that floods your home and can cause extensive damage to your floors, rugs, furniture – even to the structure of your home.
If your homeowner’s insurance includes fire and flood damage, you should be covered for this “earthquake” damage – even if you don’t have earthquake insurance.
Another danger from earthquakes is landslides. You may or may not be covered for this. You need to check your homeowner insurance policy to make sure of your coverage for both landslide and fires. If your home does burn down, are you fully covered? Will you be able to replace your home and all of your belongings.
Check our other articles about homeowners insurance for details about coverages and what you need to know.
Where do you get Earthquake Insurance?
The law requires insurers that sell residential property insurance within the state of California to offer earthquake coverage to their policyholders. Most of these California earthquake insurance policies are backed and administered by a government organization known as CEA – the California Earthquake Authority
Even though most earthquake insurance policies are sold by the state-run insurance pool, a few private companies also sell earthquake coverage. In order to provide earthquake coverage, insurance companies can become a CEA participating insurance company and offer the CEA’s residential earthquake policies or they can manage the risk themselves. To date, companies that sell over two-thirds of the residential property insurance in the state have opted to become CEA participating companies.
According to the CEA website, the CEA homeowners policy is designed to help get you back into your home after an earthquake. The CEA base-limits policy for homeowners includes:
Dwelling coverage - The coverage limit is the insured value of your home stated on your companion homeowner policy.
* Personal Property coverage - ,000
* Additional Living Expense/Loss of Use coverage - ,500
* You may select either a 10% or 15% deductible on your Dwelling coverage, and CEA’s increased-limit options allow you to increase Personal Property coverage to as much as 0,000 and Additional Living Expense/Loss of Use coverage to as much as ,000.
Residential property insurance includes coverage for homeowners, condominium owners, mobile home owners, and renters.
Earthquake insurance is not intended for smaller losses as you must have enough damage to surpass your deductible. Even though deductibles are generally 10-15% of the amount of the Coverage A limits, it can be a little confusing to calculate the actual deductible amount since there are several factors that go into the formula.
How will your home handle an earthquake – Do you need Earthquake Insurance
- where in San Diego County do you live (see part 1)
- what is under your house (rock, sand, fill, etc?)
- how is your home constructed – is it up to code and why that matters for your coverage
Age and type of construction contribute to how a residential structure reacts during an earthquake. Based on the scientific and engineering research, the CEA premiums reflect the following rating factors:
- In general, houses built on a slab perform better than those built on a raised foundation.
- One-story houses are less vulnerable to earthquake shaking than multi-story houses.
- Unreinforced masonry structures are more susceptible to damage than those of wood-frame construction.
- Houses of a certain age are not as strongly constructed as others.
The type of home you have affects your risk. One-story homes that are “tied together” — with the roof bolted to the walls, and the walls to the foundation — tend to survive earthquakes and windstorms better than multistory homes that aren’t. As you would expect, houses with big openings, such as plate-glass windows or large garage doors, fare worse than ones without those features.
In addition, your home can be substantially fortified with some special construction measures. For many, this can be a better investment than buying earthquake insurance.
The Institute for Business and Home Safety has a “Fortified For Safer Living” program that specifies building techniques that can help homes better withstand disaster.
Other California Earthquake Insurance Factors
No Known Loss Letter Requirement
In areas that have been previously affected by an earthquake or other catastrophic event, an insurer may require a “No Known Loss Letter” with all requests for earthquake insurance or to add earthquake coverage to an existing policy. These kind of letters letter confirms that no known losses or damages have already occurred to the requested coverage location(s).
DIC (Difference in Conditions) insurance provides coverage designed to close specific gaps in standard insurance policies. It allows coverage to be customized to extend to such exposures as water damage, flood, collapse, earthquake, landslide, etc., according to the insured’s needs. DIC coverage may be provided by means of a separate insurance policy or it may be added by endorsement to the basic policy.
Is Earthquake Insurance Right For You? How Much Equity Do You Have In Your Home?
As mentioned earlier, we view Earthquake coverage as catastrophic insurance. You will only need it if we have a really big earthquake. The more equity you have in your home, the more you need insurance.
According to UnitedPolicyHolders, a non-profit organization that fights for the rights of insurance consumers and educates individuals and businesses on how to get fair treatment, “a generally accepted rule of thumb is that you should not risk more than 10 percent of your liquid assets. A large earthquake could mean 10 to 100 percent of your home’s structure could be damaged or destroyed, up to 20 percent of your belongings could be damaged, and/or you may need to come up with ,000 a month for temporary rent and relocation costs.”
In San Diego, we get lots of smaller quakes on a regular basis. These are reminders to YOU to review your current coverages to be sure that you are adequately insured. Is your current homeowner’s insurance up to date? Will it pay to rebuild your home to current building codes? Do you have additional coverage and riders for all the new stuff yiou may have acquired since you first bought your insurance policy?
Remember, it is far more likely you will have pipes break or fires start from the smaller earthquakes. If either of these happen, you should have coverage under your regular homeowners policy. Check to make sure it is up to date and that you have enough coverage. As a result of the 2003 and 2007 wildfires, we have found that most homeowners in San Diego are underinsured.
By the way, businesses should review their policies to be sure they have EQSL – or Sprinkler Loss coverage. There is a greater chance you will suffer damage from sprinklers leaking than from a building falling down.
The California Earthquake Authority is a publicly managed, largely privately funded organization that provides catastrophic residential earthquake insurance and encourages Californians to reduce their risk of earthquake loss. http://www.earthquakeauthority.com
Only a CEA participating insurance company or its agent can give you an exact CEA-premium quote, but to get a good estimate of the cost, use their handy premium calculator.
UnitedPolicyHolders.org – United Policyholders is a non-profit that fights for the rights of insurance consumers and educates individuals and businesses on how to get fair treatment.
Quality Claims Management online article with maps to find out if your home is in a danger zone – check for landslide, liquefaction and earthquake fault zones. http://www.qualityclaims.com/homeowner.aspx?sect=_quakeinsurance
Ronald R. Reitz, CPPA, President of Quality Claims Management, http://www.qualityclaims.com, pioneered the National Hazard Insurance Claims business of GMAC-RFC (now GMAC-ResCap). Mr. Reitz left GMAC-ResCap in January 2007 after ten years of managing the Insurance Services group. He is the past President of the California Association of Public Insurance Adjusters (CAPIA) and is currently an officer on the Board of Directors of the National Association of Public Insurance Adjusters (NAPIA) www.napia.com. Recognized as a leading expert on hazard claims, he is serving on many industry panels, as well as providing consulting and training services industry-wide. Quality Claims Management Corporation provides hazard claim recovery services to investors, mortgage servicers, homeowners and businesses. All claims are adjusted by licensed insurance professionals for an equitable settlement and accelerated resolution timelines. Quality Claims is nationally licensed as Public Insurance Adjusters or Insurance Consultants and complies with Department of Insurance Regulations
Article from articlesbase.com
Debt Settlement Back End Processing And Just What It Means To You
Last Updated on Thursday, 14 October 2010 08:53 Written by Richard Johnson Thursday, 14 October 2010 08:53
You almost certainly are aware that your credit standing will be checked while making a request for a loan, but did you also know it may be checked while applying for insurance, leasing a flat, or trying to get a job? It is actually true. Is there a basis for determining your credit score, and exactly what is the average American credit score? Being aware of this will let you understand how you match up to other individuals in the United States, for better or worse. Almost everybody has heard of credit scores, and they know it has something to do with your previous credit reliability, but few individuals know how the scoring process operates.
Credit scores range from a low of 300 up to a perfect score of 850. Needless to say most people will end up somewhere between those figures. Basic math tells us that the average of 300 and 850 is 575, but in reality, the typical American credit score is quite a bit higher, hovering right around 690. Nonetheless, some analysts are forecasting an overall decrease in that average as more and more people are affected by the situation of the overall economy.
Although 690 seems like it’s a good total above the expected average, it actually is not all that great if you might be keen on having the best deals from the majority of loan creditors. In reality, most financiers will certainly look at your credit history before deciding whether they lend money to you or not, if perhaps collateral will probably be needed from you, how long the time period of your loan is going to be, as well as the interest rate they will charge you. It’s obvious that the lower your credit score, the more it will cost you in the long run.
Because many lenders operate on their own, there’s no all-encompassing rule as to what number will give you the best offer. However, according to a number of research, the magic number, in most cases, is a credit score that’s at 720 or higher. Therefore, acquiring an “normal” score of 690 can in fact hurt you on a financial basis, by keeping you from obtaining the best possible terms. Once again, each loan company differs from the others, therefore it always pays to search around. However, in case your score is a bit below normal (usually 620 or lower) you will have to look much harder to get anybody that is willing and eager to give you financing at all. Although, it’s still possible, your rates will be higher in comparison to individuals with a higher score.
There are some analysts that forecast the lenders will eventually have to provide more loans to those with lower credit ratings. After all, they only earn money when they lend money out, and if so many people have lower scores, they will need to reassess their guidelines if they wish to remain profitable.
If you plan on getting a new job, a mortgage loan, car or insurance plan, then you must do anything you can to have your credit score higher. The average American credit score ought to be regarded as the lowest end of the scale (not 300) in order to receive the best rates.
Debt settlement processing can guide you to obtain a higher credit rate so that you can have a very successful mortgage approval. Debt settlement backend could also help you with other concerns with regards to your credit card.
Contact A Debt Settlement Affiliate To Learn More About The Credit Score Scale
Last Updated on Wednesday, 13 October 2010 09:41 Written by Richard Johnson Wednesday, 13 October 2010 09:41
I am willing to bet that at some point you’ve heard of the credit score scale. I’m also ready to bet that you’re not entirely sure how it operates, exactly how it’s determined and whether your score is positive or negative. Although none of the agencies that calculate these ratings don’t discuss their own formulas, the good news is that it isn’t all that unexplainable. Here’s several of what you should know about the credit score scale and your credit.
The first thing to know would be that the scale doesn’t begin at . Rather it ranges from a low of 300 to a high of 850. Therefore, if you’ve ever had a peak at your rating and saw it was 325, convinced that did not sound really bad, you’re actually at the low end. On the other hand, if your debt-to-income ratio is low, you’ve never skipped a payment, and completed a number of other things just right, your credit score may be quite close to a perfect 850. Nevertheless, just a tiny percentage of people could have a perfect credit score, or perhaps the worst credit score.
Let’s say an individual has a score of 720? That’s 130 points short of a perfect credit score, and may not seem that great, but most lenders think of that to be the top level on the credit score scale and will provide the best loans to those who are above 720. There was a time when a score of 680 or above would’ve place you in the top level, however right now it seems 720 is the cut-off point.
You may have a few minor problems with your credit track record; it isn’t excellent, but you’re sure it’s still decent. If that’s the case, you could have a rating between 680 and 720. You may not get the best terms at this level, nevertheless, you must still have an easy time finding a great mortgage which has a decent interest rate.
The next level down on the scale is for those who fall between a rating of 630 to 679. You may be unable to get a mortgage in any way at this level, and if you do, the interest rate will likely be higher. Most often, though, if you take some time to look around you will be able to locate a loan provider to give you financing; don’t forget that the conditions may be less than ideal.
The lowest level is for individuals with a credit score below 630. At this level you will likely find out getting loans very hard. Therefore, if you’re planning on purchasing a brand new vehicle or getting a home soon, you ought to do whatever you can to build your number over 630. Needless to say, the closer you can get to 720, so much the better, but your number ought to be no less than 630 before you even attempt to get a loan.
Finally, all of the levels we just talked about are guidelines. They are often accurate, however, many loaner’s policies may differ slightly. That is why it is usually smart to check out several lender, no matter where you fall on the credit score scale.
Debt settlement processing is an excellent method of finding out and knowing your credit score for a minimum charge. A professional and experienced debt settlement affiliate will make sure you get the best advices with regards to your credit rating concerns.