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Could Percentage Deductibles Save a Badly Beaten Property Casualty Market?

June 4, 2024June 3, 2024 Loreen

homeowners insurance percentage deductible

This pivotal question probes whether the shift to percentage deductibles could revitalize a property casualty market suffering from severe strain. The answer hinges on multiple facets that influence the stability and attractiveness of the insurance market. Understanding Percentage Deductibles Percentage deductibles are calculated as a percentage of the insured value of the property, rather than a fixed dollar amount. For instance, if your home is insured for $300,000 and you have a 2% deductible, you would be responsible for $6,000 in the event of a claim. This approach is commonly…

Will the federal government make dental insurance available to everyone?

May 27, 2024May 23, 2024 H. Cutner

If a new rule moves forward, people could one day affordably enjoy care for their teeth Dental insurance is a kind of coverage carried by few people outside of benefits packages offered by employers, but that could change if a new federal rule is allowed to move forward. The idea is to make it easier for people to care for their smiles After all, without dental insurance, if someone suffers a cavity, a cracked tooth, or another type of painful dental injury, the out-of-pocket cost can be in the hundreds…

The Serious Illness Insurance Market Will Reportedly Hit $354 Billion By 2031!

February 17, 2023 Guest Author

On a global scale, the serious or critical insurance market is reported to remain on a rise! Advancements in science and medicine makes it easier than ever for consumers to consider the possibility of having to live with cancer, heart disease or kidney failure during their lifetimes. By understanding more about common diseases, it appears that consumers are also wanting more insurance coverage to adequately address potential future medical emergencies. Allied Market Research was able to release their 2021 findings that clearly stated that the serious illness insurance market generated…

American consumers want experimental drugs covered by insurance

January 28, 2012August 3, 2012 Marc

Scientists from the School of Public Health at Harvard have recently asked Americans, as well as people in Italy, the U.K., and Germany, if they felt that decreasing the overall cost of healthcare was worth eliminating expensive experimental treatments. The results of this survey indicated that among Americans, 62 percent were opposed to “decisions by the government or health insurance plans” for denying care if they should decide that the cost are not justified by the benefits that the care provides. Each country’s participants in the survey provided comparable results.…

Some preventive tests may be covered under new healthcare overhaul, others are not

December 30, 2011December 30, 2011 Julie Campbell

Though many preventive tests –colonoscopies, for example – are covered by the new healthcare reforms, patients are still being urged to understand various loopholes that still exist, where supplementary insurance can help to prevent unexpected expenses. For instance, though a colonoscopy – a preventive colon cancer screening test – may be covered, if its practice should involve an additional procedure, such as the removal of a noncancerous polyps during the test (which is a very common practice), that additional work is considered to be a procedure and is no longer…