Do I Need Mortgage Protection Insurance?

mortgage protection insurance

If you have taken out a mortgage recently, you will probably have been pitched mortgage protection insurance. There are a number of different forms that this can take, but generally it will cover your home loan payments in the event that you become disabled or unemployed. Should you die, some mortgage protection plans will pay off your mortgage posthumously. But is mortgage protection insurance something that you need? Or is it just going to be another fee to pay to your bank? The answer to that question is not straightforward,…

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Insurance fraud fighting gets a boost in North Carolina

Insurance Fraud - North Carolina Boosts number of Insurance Fraud Agents

The state’s Insurance Department has added 15 agents to its team of scam hunters. The North Carolina Department of Insurance has announced the expansion of its insurance fraud investigation team. Fifteen new special agents will take part in criminal investigations. North Carolina Insurance Commissioner Mike Causey made the announcement. The additional insurance fraud investigating team members have doubled the previous size of the department, said Causey. The N.C. Insurance Commissioner has implemented a new strategy for eliminating scams and fraudulent activities involving insurance in North Carolina. The expansion of the…

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Nevada car insurance premiums will rise for 1 in 3 drivers

Nevada Car Insurance - Premiums to rise

About 600,000 motorists across the state will be watching their rates rise in the near future. Around one in every three state residents will be affected by the Nevada car insurance rate hikes coming soon. About 600,000 drivers will see a considerable 9 percent spike to their auto policy premiums this summer. The state will be raising the minimum amount of bodily injury and property damage coverage. As a result, Nevada car insurance rates will also be rising in order to reflect the higher coverage. This will become effective as…

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California health insurance premiums may spike, analysis

California health insurance premiums - American and Californian flag

Covered California predicts a possible spike in rates residents are paying for policies. California health insurance premiums may sharply rise over the next few years. In fact, Covered California’s own analysis predicts a 35 percent increase by 2021. When compared to the current rates, Californian consumers may pay 35 percent more over three years. The state is among a total of 15 predicting average rate hikes of 35 percent by 2021 compared to their current rates. Across the United States, consumers purchasing coverage on an insurance exchange may pay more.…

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Auto insurance premium discount not in the cards for most low-mileage motorists

Auto Insurance Premium Discount - Low-mileage - car dashboard

Consumer Federation of America research found that drivers who don’t drive much don’t save. Most people would assume that drivers who don’t head out on the road much receive an auto insurance premium discount. However, the Consumer Federation of America (CFA) says otherwise. A recent CFA study shows motorists with low mileage aren’t enjoying car policy savings. The only state where an auto insurance premium discount is applied for low mileage drivers is California. The consumer advocacy group pointed out that the state legally requires insurers to provide the price…

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Usher’s accuser sues insurance broker for sharing private herpes medical information

lawsuit Usher’s insurance broker company

Laura Helm has filed a lawsuit against the team that shared her sensitive data in the Usher case. The case involving women accusing Usher of willingly spreading his herpes has returned to the headlines with a lawsuit against an insurance broker. This time, one of the accusers, Laura Helm, has sued three health insurance companies that allegedly shared her private medical records without her permission. Helm’s lawsuit is against Blue Cross & Blue Shield of Louisiana, United Healthcare, and Golden Rule Insurance Company. She claims to have filed her “private…

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Iowa insurance commissioner cautions against cryptocurrency investments

bitcoin theft insurance cryptocurrency

Bitcoin and other cryptos have seen hot headlines but many think they’re in a bubble that will burst. Iowa Insurance Commissioner Doug Ommen issued a consumer bulletin warning state residents against investing into cryptocurrencies such as Bitcoin unless they understand the risks. The insurance commissioner pointed out that there is a meaningful difference between IPOs and ICOs. According to the Iowa insurance commissioner, people need to know the risks associated with investments into cryptocurrencies before putting money into them. This is a very new market and concept. They are not…

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Do you have Christmas present insurance in case the Grinch hits up your tree?

Grinch christmas present insurance

Insurance companies remind consumers that this is one of the biggest times of the year for home break-ins. Leading insurers across the United States, Canada, the United Kingdom, Australia and other countries around the world are issuing reminders to look into Christmas present insurance. Burglaries spike in November and December in countries where Christmas is celebrated by the majority. In fact, some estimates suggest that there is a 43 percent spike in break-ins during November and December as thieves try to get their hands on expensive gifts. This helps to…

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Today is the health insurance deadline for enrolling millions of Americans

health insurance deadline enrollment

The federal government’s shorter end to the open enrollment period cuts off registrations for 2018 today. Americans across the country are being reminded that if they want to enroll before the health insurance deadline for 2018 coverage under the Affordable Care Act (ACA), they need to register today. Officials and ACA supporters are reminding people that if they want a health plan, they must enroll by tonight. State insurance departments are encouraging Americans to act with haste if they don’t want to miss the health insurance deadline for enrolling in…

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Black Friday insurance coverage takes many forms this year

Black friday insurance

While consumers shuffle their way through crowded stores and pick up extra purchases online, coverage is key. Among the preparations shoppers are making to ensure they get the best deal, adequate Black Friday insurance coverage is also vital. Before heading out to pick up the top tech gifts of 2017 there are several forms of insurance coverage that may be needed. The odds are that most consumers have policies in place, but the key is in reviewing and updating them. After all, when shoppers are out in crowded parking lots…

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