Why Do I Need It?

The one thing that car insurance offers is financial protection for other drivers making mistakes and putting you into an accident.  It doesn’t matter if you have an exceptional hand-eye coordination or the best driving skills out there, more than likely they are drivers on the road with poor driving skills. When you sign off on a car insurance policy, you can depend on it to protect you from the compulsive phone texter or the reckless driver not paying attention.

If you have a car accident and you have limited health insurance, your car insurance can may help you. You may find that low cost auto insurance companies can offer you coverage that covers your injuries for either you as the driver or the passenger. If you have health insurance in place, your car insurance can still take care of accident-related injuries such as funeral costs, dental work and rehab expenses.

IS IT MANDATORY?

As of this date there’s no federal mandate that says all drivers must buy and carry insurance. Each state determines the law of whether you have car insurance. That said, many states have several laws. Liability insurance is mandatory because it protects other people and their specific property. On the other hand, Collision insurance is not mandatory. This coverage protects your car if there is a theft, fire or if it’s vandalized. Collision insurance protect you as the car owner.

Accidents: What do I do?

If you’re ever involved in an accident there are several things you should do.

-Report the claim immediately
-Stay at the accident scene and do not leave
-Call and report the accident to the police
-Use your accident information card from your insurance policy paperwork and exchange it with the other driver
-Do not discuss insurance coverage or admit any fault
-Use your smartphone or any available digital camera to take multiple pictures of the accident in the damaged all vehicles

Auto insurance is proof of financial responsibility driving a car and is required in most 50 states. If you’re thinking about getting auto insurance, it will depend on the car you have in terms of the coverage you might need or receive. A new car may increase your auto insurance coverage whereas an older car may not need as much coverage. You should also consider the passengers that ride in your car regularly. To protect them, it may be smart to increase your coverage.

Research shows that the average insurance claim back in 2013 was $15,443 for bodily injury. For property damage claims it was $3,231. If you didn’t have insurance, you would have to pay for all that out of your pocket. If you are thinking about getting auto insurance but you’re concerned about the monthly payments, you should always do as much research as possible. You may find that every policy insurance is different and gives you many different coverage options. Remember a good auto insurance policy and effective coverage can possibly save your life and your family members.

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Farming greatly contributes to the economy by contributing to the GDP and providing employment. The ever-growing population greatly depends on agriculture for food and clothing. When farmers have access to insurance, they have control over their harvest and yield. There are many benefits that come with having insurance that is dependence and offers self-sufficiency to farmers.

Congress has ensured that all farmers, whether small scale or large scale have access to affordable and beneficial insurance. Farming is the most affected by drought and other climatic changes. Farmers are advised to take protective measures in readiness for unexpected weather changes. Natural hazards affect many farmers and inflict on them immeasurable losses. Being insured is an excellent way to stay ahead of such natural calamities.

Weather Risk Management

Weather and climatic changes are unforeseen because they happen abruptly and are not always consistent. However, with farm and crop insurance, farmers gain access to valuable tools that help predict weather and climatic patterns. Both government and corporate farming groups find such information valuable. Large-scale and small-scale farmers can make long-term investment and have their minds at ease as they better understand the climate.

Factors like fertilizer supply and understanding how the market fluctuates also contribute to the number of output farmers get. Insurance companies help farmers purchase production input for their farms at the right time. Insurance agencies have farmers covered by working with;

• Big data
  • Analytics
  • Smart devices
  • Financial servicesEffective and affordable insurances allow farmers to consolidate agriculture and prevent job losses due to unforeseen circumstances. Insurance greatly reduces financial stress and encourages more farmers to make high-risk investments that have tremendous returns. Businesses tied to agriculture have a greater chance of achieving success and flourishing.

  Crop Protection

Farmers need protection against crop loses to ensure a stable income and ability to control products as well as harvest pricing. Insurances enable farmers to easily pay for their debts even when their farm produce is minimal. Insurance companies work hand in hand with IOT to make sure framers use the latest technological advancements to improve productivity.

Awareness campaigns around natural disasters organized by insurance companies have farmers informed. With the use of forecast methodology, climatic conditions and weather changes can easily be predicted. Historical Data management helps experts use data collected over a period to understand the climatic diversity of future seasons.

Tailor Made Solution

Different farmers have different farming needs since they deal with different crops and use different farming methods. Insurance companies ensure that the solutions they provide are tailor made and solve specific problems. Insurance companies work with professionals who understand farmers’ needs and have the skill and knowledge to provide workable solutions.

Beginner farmers, for instance, get credit to help jump-start their farming endeavor. Medium discounts help new farmers to easily settle farming bills and still be able to stay afloat. Studies show that the future is set to experience more intense weather conditions and farmers will need all the support they can get from insurance companies.

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Even though Medicare provides healthcare insurance for senior citizens and persons with disabilities at a subsidized fee, there are certain areas that it does not cover, for example, copayment, coinsurance, deductibles, and excess charges. During such circumstances, a Medigap policy is useful since it helps the patient pay for those services.

According to the original Medicare plan, the patient is supposed to reimburse a certain percentage of their healthcare costs to the government or the insurer before they receive treatment. Medigap ensures that the patient does not pay anything while at the hospital – the private insurer disburses the initial costs on behalf of the insured. The plan also covers any additional expenses that the patient might incur while receiving treatment.

Common Medigap Benefits include:

• Medicare Part A coinsurance and hospital costs that extend more than one year.
• Medicare Part B coinsurance or copayment.
• Pays for the first three units of blood an inpatient gets during basic treatment. It is important to note that the private insurance company will only pay for the blood if it was bought by the hospital.
• Medicare Part A hospice care coinsurance and copayment.
• Skilled nursing facility care coinsurance.
• Medicare Part A and B deductibles.
• Medicare Part B excess charges.
• International travel emergencies – up to plan limits.

However, if a patient was to compare Medigap plans from different insurance companies, they would discover that some benefits are not one hundred percent covered. Many Medigap providers only cover eighty percent of travel emergencies.

Since private insurance companies want to make money, what they cover depends on the frequency of the risk and the cost. If the hazard is affordable and common at the same time, the firm stands to gain from the sale of such a cover. The high uptake of the policy will ensure that the insurance company makes maximum profits from premium payouts.

Who is Eligible for a Medigap Plan: 

Persons with Medicare part A and part B cover are eligible to apply for a Medigap plan. The amount of premium that one pays will depend on the type of plan – foreign travel emergencies cost more than Medicare part B coinsurance and copayment, insurance company, location, and age. Additionally, the policy only covers one person at a time.

However, not everybody with Medicare is guaranteed a Medigap plan. Private insurance companies will deny you cover for at least six months after your initial application if you have a pre-existing medical condition. In such circumstances, the firm will not pay for any additional expenses arising out of your pre-existing illness. Fortunately, the law forbids private insurers from denying cover after the six month period is over.

A Medigap plan helps reduce healthcare costs by covering deductibles, copayments, coinsurance, and other additional charges. As a result, the patient does not have to pay anything while at the hospital. Although Medigap plans are standardized, states such as Wisconsin, Minnesota, and Massachusetts have distinctive policies.…

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Approximately 6 million car crashes occur annually across America, culminating in almost 3 million injured victims per year and almost 100 fatalities per day. Most of these accidents are avoidable with some forethought and proper planning, and there are tons of tips for driving safely. You can’t control what other drivers do and those tips mean little to nothing once an accident actually occurs. Of course, no one ever wants to witness or be informed a loved one has been involved in a fatal car accident. But wintertime driving conditions set the stage for more accidents to occur. Once fear and adrenaline set in, simple mistakes can lead to extra dangers for everyone involved. Fortunately, there are some basic steps to take to help ensure you’re safe and can get back on the road quickly after a winter car accident.

Stay Calm and Assess

Tempers and emotions flare during accidents and dangerous driving conditions, and many motorists want to rush out and confront the responsible party as soon as the event occurs. But it’s usually a much safer and almost always a much smarter decision to stay put and think things out. Focus on your breathing, turn on your hazard lights, assess injury statuses for yourself and any passengers, and call for emergency or roadside assistance if necessary. If you’re able to do so at this time, take any interior pictures of damages and images relative to the accident that you can see externally from your current viewpoint.

Move the Car Off the Road or Stay Inside

If the people inside the vehicle aren’t in need of immediate medical care and the vehicle is operable, attempt to move it off of the road and out of the way of oncoming traffic. Direct other cars involved in the accident to do the same if possible. If that’s not possible, turn on your flashers, buckle up your seatbelt, and stay inside the vehicle until help arrives.

Increase Visibility and Stay Warm

Once you know everyone’s OK and the car is moved, make sure you’re visible to other motorists. Make sure your tailpipe is free of debris or snow and put out flares or other bright markers. Turn on your lights and make sure everyone in the car is warm and bundled up. Use your emergency kit to offer snacks, water, and charge phones if necessary. But stay put so you don’t get lost or end up with a potentially serious penalty for leaving the scene of the accident.

Exchange Information and Get Details

After an accident, it’s essential to get as many details as possible. So, if you’re physically able to do so and doing so won’t cause extra health hazards, attempt to exchange insurance info with the other driver and get details on their end of what happened with the accident. Don’t get into an altercation or argument over it and remove yourself from their presence if that begins. Take pictures of both vehicles, especially around impact, and of their license plate in case they decide to bolt. And if any passersby are around, ask them for details of what they witnessed regarding the accident. That may significantly help your case in the event you need to contact a Michigan car accident attorney.

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