BUSINESS

Utah’s penalties for driving without car insurance.

Are you being electronically tracked by your insurance company? Updated on May 23, 2022 by Emily Delbridge, reviewed by Eric Estevez, and checked for accuracy by David Rubin in this article, “What Auto Insurance Is Required by Utah?” Is your auto insurance monitored in Utah? Utah Penalties for Driving Without Insurance If You Get into […]

BUSINESS

The Costs of Being Underinsured Your assets may not be adequately protected by the minimum liability insurance required by your state.

A typical one-week hospital stay costs $70,000, according to the Centers for Medicare and Medicaid Services of the United States. Medical expenses can skyrocket if multiple people get hurt. The financial costs of a serious injury sustained in a car accident may exceed medical expenses and include administrative costs and lost wages. According to the […]

BUSINESS

How Coinsurance Works in Your Health Insurance Policy.

The term “coinsurance,” which appears in every health insurance policy, refers to your out-of-pocket cost for a covered medical or healthcare expense following the payment of your healthcare plan’s deductible, which typically renews annually. Coinsurance, which is typically stated as a percentage and is outlined in your policy documents, enables you to split the cost […]

BUSINESS

Self-Insurance: What is It?

In some way, everyone is self-insured. You are self-insured whenever you do not have an insurance policy that covers a risk. For instance, if you’re renting and don’t have renters insurance, but you go to the store and buy a stereo without realizing it, you’re self-insuring the stereo. Accepting full responsibility for the safeguarding of […]

BUSINESS

The Repo Rate Is Going Up: Should You Be Concerned?

A nation’s Central Bank establishes the economic framework. The rules and guidelines established by the central bank are followed by all lenders and financial institutions. The economy is looked at by the central bank every couple of years to see if their goals are being met. The majority of these objectives have to do with […]

BUSINESS

What is coverage for uninsured motorists?

The Meaning of Uninsured Motorist Coverage, How It Works, and What Uninsured Motorist Insurance Covers are outlined in this article, which was written by Emily Guy Birken and last revised on September 30, 2021. It was reviewed by Anthony Battle. Is Uninsured Motorist Insurance Required of Me? What to Expect When Filing a Uninsured Motorist […]