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 […]