human stories
How is insurance premium treated in final accounts?
At the end of any accounting period, the amount of the insurance premiums that remain prepaid should be reported in the current asset account, Prepaid Ins...
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How old can a child be on parents health insurance?
As you get older you can still be included on your parents’ health insurance as a child dependent until you turn 21 or, in some cases, until you turn 25, ...
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Does insurance cover water damage from storm?
Some insurers offer flood cover as a standard inclusion for home and contents policies. And other insurers treat flood cover as an optional extra if you p...
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Does homeowners insurance pay for a new well?
Homeowners insurance may help pay for well pump repair or replacement if it is damaged by fire. If your well pump is located in your basement, for example...
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What is commercial auto insurance used for?
Commercial vehicle insurance is needed to cover the cars, trucks, and vans used in conducting your business. Large fleets, as well as small businesses, sh...
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Can the IRS take money from a life insurance policy?
If the insured owed taxes at the time of his death, the IRS cannot seize the benefits paid to a beneficiary from his life insurance policy. In other words...
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Can doctors charge different prices?
Doctors, hospitals, and medical practices are free to charge whatever the market will bear. Sometimes it’s more than insured patients, sometimes it’s less...
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What is the penalty for a first offense of failing to show proof of insurance in Ohio?
Any driver or owner who fails to show proof of insurance or other FR proof (as listed above) will: Lose his or her driver license for 90 DAYS on first off...
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Which program is designed to provide health insurance to the elderly and disabled?
Medicaid is a joint federal and state program that provides free or low-cost health coverage to millions of Americans, including some low-income people, f...
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Do life insurance companies screen for drugs?
Life insurance companies test for prescription drugs and illegal drugs. If they find certain drugs in your system, your application for coverage could be ...
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