August 24th, 2008 Show
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Topics
Are you confused, fatigued, struggling with headaches and not feeling yourself?
These can be signs of Traumatic Brain Injury
Hear about the successes "Hyperbaric Oxygen Therapy of Arizona" is having in the treatment of TBI
Insurance In The News
Inventors are sure cars can fly
Of all those stuck stewing in traffic gridlock, who hasn't imagined soaring Jetsons-style directly to a destination?
Insurance Outrage of The Week
California fines 18 hospitals for care problems. Investigations from the California Department
of Public Health that found several instances in which shoddy care either killed or endangered peopleInsurance Trivia
Am I Covered
Special Guest:
Hyperbaric Oxygen Therapy of Arizona
12802 N. Cave Creek Road
Phoenix, Arizona 85022
602-996-8327 http://www.hbotofaz.org/Term of The Week
Coinsurance
In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property in order to receive full payment on a loss.
On health insurance, it is a percentage of the claim above the deductible that is paid by the policyholder. For example with an 80%- 20% coinsurance policy the insured pays for the deductible plus 20% of his covered losses. Usually after a specified amount the insurer pays 100% of covered expenses.
Larry's Tip of The Week
When should you make a homeowners insurance claim?
The answer is a no-brainer, Right? "Whenever you have an accident or suffer damage to your home. Well, In some cases, making a claim may cause an insurance company to raise your rates.
The decision to file a claim could put your name into a database that makes it difficult to get or maintain coverage in the future or make premiums higher.
Stinks doesn't it. But insurers charge a premium based upon risk to them and some folks seem to have a higher propensity to filing a claim then others.
The whole point of insurance is to make good on a loss, to make individuals whole again. However, before you make another claim, make sure you know how it could come back to haunt you.
Certain types of home insurance claims are more likely to trigger an increase in premiums.
They include:3 red flags:
Dog Bites; Sorry, Rover -- dog bites are the largest single cause of home policy claims. Many insurance companies keep a list of dog breeds most likely to attack, based on Centers for Disease Control and Prevention statistics. If the homeowner owns that breed, it may be difficult to obtain insurance. A single attack is often likely to result in higher premiums.
Water damage; Water damage tends to set off a barrage of red lights for insurers, largely because of the costs of eliminating mold. The biggest controversy over CLUE reports has been over water damage and its effect on real estate sales. You might be better solving the water damage issues yourself, especially if the damage is minor and involves broken pipes or leaks in window wells, walls and seams.
Slip-and-fall injuries; according to the National Safety Council, are the single largest cause of emergency room visits. If someone hurts themselves on your property and files a claim , your rates may rise.
Reference: Bankrate.com Monday July 28, 6:00 am ET by, Mark Terry