Friday, September 28, 2012

Motorcycle Insurance

Motorcylists: Be Prepared and Protected



Summer is around the corner and thoughts of riding around town on a motorcycle may have crossed your mind.
Whether you just bought a motorcycle or are a veteran rider, you might have a few questions about protecting your bike. What's liability insurance? Do I need Comprehensive insurance? How can I make sure my custom chrome is covered?
Here are some tips that can help you navigate your motorcycle insurance policy and feel confident you've made the decision that's right for you.

Pick the Right Insurance

First, determine how much insurance you're required to have. Most states require liability insurance, which covers you if you cause an accident injuring another person or damaging someone's property.
When picking your liability limits — the maximum an insurance company will pay in the event of that type of claim – a good rule of thumb is to review your car insurance and buy a policy with similar limits and deductibles, according to the experts at market-leader Progressive.
Once you choose liability limits, you may want to add insurance protecting your bike. Collision covers damages from accidents while Comprehensive covers damages caused by incidents like fire or theft. If you buy Collision or Comprehensive, you'll need to select a deductible, the amount you'll have to pay out-of-pocket if you have a claim. Be sure to pick an amount you can afford.

Insure Custom Parts

If you've added some serious chrome to your bike, gotten a custom paint job, or installed a GPS, consider additional accessory coverage. For example, Progressive usually includes $3,000 in accessory coverage when you purchase Comprehensive or Collision coverage. You also can buy more coverage up to $30,000 worth.

Roadside Assistance

If you like taking long rides into the country and are worried about breaking down in the middle of nowhere, consider Roadside Assistance insurance.
Progressive also offers coverage that will pay up to $500 for lodging, transportation and food if your bike has a mechanical breakdown more than 100 miles from home. Most customers can add both coverages to their policy for just $15 yearly.

Thursday, September 27, 2012

OOPS....Accidents do happen

seen at curiousphotos.blogspot.com
seen at curiousphotos.blogspot.com

seen at curiousphotos.blogspot.comseen at curiousphotos.blogspot.comstrange car accidentsstrange car accidents
Accidents do happen. Make sure you have the right auto insurance policy.


Whats Covered By MY Car Insruance


What's covered by my car insurance?


If you aren't sure what's covered by your car insurance, you're not alone. In this article, you'll find some of the most frequently asked questions of Progressive Insurance —and their answers—so that you can be confident when making decisions about your car insurance.

How can I make sure I have "full coverage"?

Generally, people ask for "full coverage" when they want more than just what's required by the state. Most states require that all drivers carry Liability coverage, which pays for damage to other vehicles or injuries to other people that you cause.
By adding what is commonly referred to as "physical damage" coverages, which include Comprehensive and Collision insurance, damage to your own vehicle is also covered, regardless of who caused the crash.
Once you've chosen these coverages, you might also want to add insurance that will cover your medical payments, protect you if you're hit by an uninsured driver, or come to the rescue if you break down on the side of the road. Your local independent insurance agent can walk you through all of your options and help you choose the policy that's right for you.

If I get into a fender bender when driving a rental car, would it be covered under my car insurance?

Generally, if you have liability and physical damage coverages on your car insurance policy, there's a good chance you'll be covered in a rental car. Call your independent agent to get the facts before you turn down that extra coverage.
Another option: check with your credit card company. Some credit cards provide coverage at no charge if you use their card to pay for the rental. Restrictions may apply, so be sure to ask for an exact description of what's covered.

A friend just borrowed my car. Will my car insurance pay for the damages if he or she causes an accident?

In most states, insurance coverage follows the car, so your car insurance would pay for the damage if your friend causes a wreck. Two things to keep in mind: if the cost to repair that damage exceeds the amount allowed by your policy, your friend may need to make a claim on his or her car insurance policy to pay the difference. And, your rate may go up as a result of the claim.
For more information, talk to your local independent agent. Matt Lehn
www.lehninsruance.com

Wednesday, September 26, 2012

Car Isnurance Shopping Tips

Five questions that can save you money on car insurance




When it comes to car insurance, there are a number of ways to reduce your premium. And in today’s tough economic times, every little bit helps.
Asking your local independent agent the right questions can mean big savings. Leading car insurer Progressive recommends asking these five questions:
Can I save by shopping around? Car insurance rates can vary by hundreds of dollars between carriers, so check the rates of several companies to make sure you’re getting the best deal. Last year, people who switched to Progressive and saved reported saving an average of $550 on their annual premium. And because an independent agent represents several companies, he or she can quickly and easily compare rates for you.
Am I carrying the right amount of coverage? Owners of older or inexpensive cars could consider dropping Comprehensive and Collision coverages. Doing that can save hundreds of dollars each year.
Is my policy up to date? If you’ve moved, gotten married, or bought a home, check with your agent - you may be eligible for lower rates.
Should I raise my deductible? According to the Insurance Information Institute, raising your deductibles to $500 could reduce your Collision and Comprehensive costs by 15 to 30 percent.
Do I qualify for any discounts? Ask your agent if your carrier offers reduced premiums for certain car features like anti-lock brakes. You might also be eligible for discounts if you pay in full, own a home, are a loyal customer, have no recent tickets or accidents, sign up for paperless billing, list another car on your policy, and more.
To learn more, talk to your independent agent or broker.
Matt Lehn
www.lehninsurance.com

Do I need Car Rental Insurance?


Rent a Car With Confidence


Approach the rental counter with confidence knowing whether you really need to get the supplemental insurance offered by the rental car company. Car insurance group Progressive offers these tips to help you make a smart decision.
  • Before you leave on your trip, call your agent or insurance company. They'll give you the details for your policy. Generally, if you have liability and physical damage coverages, there's a good chance you don't need to buy the supplemental coverage.
    If you review your policy, you might see a coverage called rental reimbursement listed. Keep in mind that this coverage doesn’t protect you in a rental car; rather, it pays for a rental in case your car needs to be repaired following a claim.
  • Check with your credit card company. Some credit cards provide free coverage if you use their card to pay for the rental. This coverage applies in many, but not all situations, so be sure to ask for an exact description of what's covered.
  • If you end up choosing to buy insurance from the rental car company, check to see what's covered. If personal effects aren't covered, they'll likely be covered by your homeowners or renters insurance. You may also want to bring a copy of your insurance declarations page with you as a reference.
If you don't need supplemental insurance, pass it up and put the money towards your trip.
For more information, talk to your independent agent or broker.  Matt Lehn
www.lehninsurance.com
matt@floridaci.com

Home Insurance Claims Cost Rising


Homeowners Insurance Claims Cost Rising Rapidly: Study

The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report.
A new Insurance Research Council (IRC) study of homeowners insurance claim trends found that from 1997 to 2011, the average claim payment per insured home countrywide rose 173 percent, from $229 to $626. In 2011 alone, homeowners insurance claim costs per insured home increased 27 percent.
Over the entire study period, the annualized rate of increase was 7.4 percent.
IRC is supported by property/casualty insurance companies and organizations.
In the study, “Trends in Homeowners Insurance Claims,” the IRC examined separately claim trends for claims that were not related to catastrophic events and those that were related to catastrophic events. Trends in average claim severity (the average claim payment per paid claim) for both groups were similar in some respects. For both groups of claims, countrywide claim severity increased almost 200 percent and ended the 15-year period in 2011 with similar values—$8,077 for noncatastrophe-related claims and $7,553 for catastrophe-related claims.
Significantly, however, the trend in catastrophe-related claim severity was much more volatile from year-to-year, with dramatic increases and decreases over the study period.
Trends in homeowners insurance claim frequency (the number of paid claims per 100 insured homes) were very different for the two groups of claims over the 15-year study period. The frequency of claims unrelated to catastrophic events fell substantially from 1997 to 2005 because of a variety of factors. Since 2005, however, noncatastrophe-related claim frequency has increased at an annualized rate of 2.9 percent. Catastrophe-related claim frequency, while much more volatile, remained fairly flat through much of the period.
The study also examined the relative importance of catastrophe-related claims as a factor in overall homeowners insurance claim trends and found that catastrophe-related claims played a significantly greater role in overall claim trends in the second half of the 15-year period. Catastrophe-related claims accounted for 25 percent of overall claim costs countrywide from 1997 to 2003, on average, but 39 percent of overall claim costs from 2004 to 2011.
“This report has significant implications for everyone involved with homeowners insurance,” said Elizabeth Sprinkel, senior vice president of the IRC. “Insurance companies face significant challenges in responding effectively to rapid growth in claim severity and increases in claim frequency, and in managing the volatility attributable to catastrophe-related claims. In addition, consumers will find it increasingly important to consider steps to control their personal exposure to risk and to mitigate the damages and costs associated with severe weather events.”
For the study, the IRC analyzed data from the Fast Track Monitoring System, representing approximately 50 percent of the homeowners insurance market countrywide.

Tuesday, September 25, 2012

Non-Slip Sliding Away: How to Stay On the Road


One thing is easy to foretell: Unpredictable weather can cause reduced visibility and hazardous driving conditions that make it challenging for even the most experienced drivers. Fortunately, there are ways to protect yourself, your passengers and your car.
The following tips can help you stay safe when faced with treacherous roads:
  • Assemble a winter emergency kit. At a minimum, it should contain a blanket, boots, shovel, nonperishable food and a flashlight.
  • Plan ahead for stopping and turning. "Feather" the brakes when approaching a stop, especially if the road is slick. If turning, accelerate very gently through the turn.
  • Don't make any sudden moves. Keep it slow and steady to maintain control.
  • Be cautious when braking in icy conditions. Coast over ice. Brake after reaching bare pavement. And never slam on the brakes. Brake gently in a pulsing fashion.
  • Steer into a skid. Remember: Locked wheels lead. If your rear tires are in a skid and "locked," the rear of your car will start sliding to lead the car down the road. If this happens, steer into the skid, not away, and remember, don't brake during a skid.
If you follow these tips but still find yourself in a crash, just remember that what you do after an accident can make a big difference in keeping everyone safe and in helping you and your insurance company work through a claim.
Remember to follow these tips from the experts at The Progressive Group of Insurance Companies if you get into an accident:
  • Stay calm. Stay at the scene but move off the roadway. Warn oncoming traffic by activating your hazard warning lights and/or setting flares.
  • Call the police.
  • Contact your insurance company to file a claim. The earlier your insurance company knows about the accident, the earlier it can get to work to resolve it.
  • Do not admit fault. Only discuss the accident with the police and your claims representative.
  • Exchange information with the other driver(s). And remember to get contact information for any witnesses.
For other tips to keep you safe on the road and keep your insurance rates down, talk to your independent agent or broker. Matt Lehn 941 698 8876
matt@floridaci.com

Health Insurance Buying Guide


Insurers Begin Providing Health Plan Buying Guides

The Obama administration on Monday began requiring health insurers to provide user-friendly guides to patients that explain their benefits, aiming to make buying insurance nearly as easy as scanning packages of food for nutrition facts.
Under President Barack Obama’s healthcare reform law, employers and insurers must provide a summary of benefits and coverage in a clearly worded, standardized format that allows the private insurance market’s 163 million beneficiaries to make side-by-side comparisons of plan offerings.
Consumers are also required to have access to a standardized glossary of insurance and medical terms. The rule takes effect just as insurers and employers prepare for annual enrollment periods, when employees select their coverage for 2013.
The benefit guides will also factor into the creation of new state-based health insurance markets due to begin offering subsidized, private coverage to moderate-income consumers in January 2014.
The Department of Health and Human Services released an eight-page sample benefits form to demonstrate how the actual summaries will outline everything from deductibles and out-of-pocket expenses to referrals and network providers.
The guides are also supposed to show what a plan covers for two common medical situations — new births and adult diabetes.
U.S. officials compared the summaries to the Nutrition Facts label required for packaged food sold in the United States.
The rule has been criticized by the insurance industry as a new administrative burden that will increase the cost of healthcare coverage.

www.lehninsurance.com

Monday, September 10, 2012

Unsual Pet Insurance Claims


A dog that got bitten by a turtle, a hound found literally hanging around the barbecue grill and a cat that went for a ride after getting stuck in a car engine are among the nominees announced by Veterinary Pet Insurance Co. (VPI) for its VPI Hambone Award honoring the “Most Unusual Claim of the Year.”
The nominees also include a dachshund-terrier mix that was found buried alive by firefighters and a potbellied pig that accidentally overdosed on human medication.
The pet health insurance company said the winner will be determined by the public, who are encouraged to cast their vote at www.VPIHamboneAward.com. Voting is open from Sept. 12-25 and will decide which perilous pet will take home the esteemed honor.
Named originally after a dog that ate an entire Thanksgiving ham while stuck in a refrigerator, the VPI Hambone Award has since been presented for three equally unusual claims. Past winners include Ellie, a Labrador retriever who gobbled up an entire beehive and its thousands of inhabitants; Lulu, a hungry bulldog who swallowed 15 baby pacifiers, a bottle cap and piece of a basketball; and Harley, a pug that ate, and subsequently passed, more than 100 rocks.
Here are the 12 unusual claims nominated for the 2012 Hambone Award:
  • July 2011 – Ginger the golden retriever (Rocky Hill, Conn.). Sniffing turned snippy when a feisty snapping turtle chomped down on Ginger’s nose, causing quite a scare and lacerations to her muzzle.
  • August 2011 – Havee the Havanese (Pompton Plains, N.J.). A cleaning spree resulted in a trip to the local animal hospital when Havee’s tail was run over by the vacuum after he fell asleep under the dining room table.
  • September 2011 – Kei the shiba inu (Wadswoth, Ill.). An escalator excursion landed Kei in the animal hospital when one of his paws got caught on the escalator grates.
  • October 2011 – Peanut the dachshund-terrier mix (Sicklerville, N.J.). A squabble with a skunk ended with more than just a bad stench in the air when Peanut was found buried alive by firefighters.
  • November 2011 – Baxter the domestic longhair cat (Seattle, Wash.). This feline fell from the 11th floor and lived to purr about it.
  • December 2011 – Crispy Bacon the potbellied pig (Las Vegas, Nev.). Crispy’s owners always joke that their potbellied pig is their little “rock star,” but they never expected he would take it to the extreme until he accidentally overdosed on human medication.
  • January 2012 – Tomis the cocker spaniel (Sacramento, Calif.). Tomis required surgery to remove an almond he accidentally snorted while snacking at a holiday party.
  • February 2012 – Major the Labrador retriever (Minneapolis, Minn.). A game of fetch ended with a trip to the veterinarian when Major ran full-speed into a rock the same size and shape as his toy.
  • March 2012 – Nathan the miniature dachshund (Pittsburgh, Penn.). An altercation with a vicious muskrat caused a severe bite wound dangerously close to Nathan’s jugular.
  • April 2012 – Bayley the Labrador retriever (Lothian, Md.). While playing inside with his furry friends, Bayley shattered a 55-gallon aquarium that left a two-inch gash on his chest.
  • May 2012 – Beretta the Labrador retriever (Bryan, Texas). Beretta had to be rushed to the emergency animal hospital after her owner found her hanging from a barbecue grill by her collar.
  • June 2012 – Pebbles the domestic shorthair cat (Rio Linda, Calif.). After getting stuck in a car engine, Pebbles went on a 15-mile road trip before being taken to a veterinary hospital to treat lacerations and a broken jaw.
All nominated pets made full recoveries and received insurance reimbursements for eligible treatment expenses, according to the insurer.

Tuesday, September 4, 2012

Another Reason Auto Rates are Increasing


Allstate Sues Florida Neurologic Clinic for $7.6M in False Claims

A Florida neurologic clinic that specializes in treating patients with traumatic brain and spinal cord injuries is being sued by a major automotive insurance company for more than $7 million in false claims stemming from charges it abused patients, failed to provide treatment, and kept them hospitalized without medical justification.
Allstate Insurance Co. has filed suit against the Florida Institute for Neurologic Rehabilitation, Inc., and its owner, Joseph Brennick, in the U.S. District Court for Middle District of Florida under the federal Racketeer Influence and Corrupt Act, for breach of contract, and a variety of fraud charges.
At stake, $7.6 million in allegedly false medical payments for injured drivers insured by Allstate in the state of Michigan.
The Wauchula, Fla.-based FINR advertises itself as the leader in treating traumatic brain injuries, neurorehabilitation, neuropsychiatric disorders, and spinal cord injuries. Its basic services include offering occupational speech physical therapy, and counseling to help injured drivers make the transition from the hospital to their homes.
Although FINR is located in Florida, its largest contingent of patients came from Michigan, where the company has carried out an aggressive and extensive marketing campaign using online resources, circulating print advertising materials, making presentations at conferences, and holding seminars.
No Spending Cap
Unlike most states such as Florida, which caps no-fault automobile medical benefits at $10,000 for emergency cases and $2,500 for non-emergency care, Michigan offers medical benefits with no spending cap. And those medical benefits can be paid out over an unlimited time period.
Allstate charged that Brennick through FINR took advantage of those unlimited benefits in many ways, first and foremost by keeping patients as long as possible.
Under Florida law, FINR is licensed to provide temporary services and all patients are required to have a treatment plan within three days of being admitted and a plan for being returned home or to a longer term facility within 30 days.
Specifically, the law states that “all residents shall use the transitional living facility as a temporary measure and not as a permanent home or domicile.”
Instead of developing those treatment and transition plans, Allstate charged that FINR basically “warehoused” patients so they could charge the insurer a daily per diem rate that is in some cases equaled a $1,000 per day.
For example, a 13-year old who was hurt in a motorcycle accident in 2002, spent six years at FINR at a cost of roughly $1.8 million. Investigators, however, found out the patient rarely received treatment and that the staff neglected to take into effect several other medical conditions that put into question whether he should have been at FINR at all.
Allstate also pointed to other cases where patients received little to no treatment at all.
“With the except of the few hours each day that patients received vocational training, FINR patients were largely confined to their living quarters with no meaningful therapy or rehabilitative treatment,” charged Allstate in the suit.
To hide these facts, Allstate charged that Brennick used a variety of means including falsifying medical documents and demanding per diem contracts to avoid having to itemize bills. Allstate noted that since Michigan law required it to pay FINR’s bills within 30 days of receiving them it offered the insurer little time to question any charges.
“Allstate relied to its detriment upon the presumption of honesty accorded the medical documentation submitted by FINR,” stated the insurer in the lawsuit.
This not the first time Brennick has had a brush with authorities. Previously, he had worked for his father Charles Brennick, who owned the New Medico Health Care System, a chain of 42 rehabilitation facilities.
In 1992, the Federal Bureau of Investigation launched a probe into the operation based on allegations the clinic took advantage of patients and their families by inflating their expectations over a patient’s prospects for a recovery only to discharge them when their insurance benefits expired.
As a result of that probe, the ownership of the company was turned over to Joseph Brennick, who reincorporated it in Delaware and began operating in Florida under the name FINR.
Full Attention Needed
The Consumer Federation of the Southeast reacted to Allstate’s allegations by calling on federal and state authorities in Florida, Michigan, and Connecticut, which is also removing patients from FINR, to investigate the medical facility’s practices
Consumer Federation Executive Director Walter Dartland said the government officials needed to aggressively probe FINR’s care for patients and how they bill insurance companies for those services.
“While we must ensure taxpayer dollars and consumer insurance premiums are being defended, protecting the well-being of FINR’s patients is the top priority,” said Dartland. “These grave new assertions from Allstate deserve the full attention of authorities at the state and federal levels.”
Allstate’s charges has caught the attention of Florida regulators, as the Agency for Health Care Administration, the Department of Health, and the Department of Children and Families made an unannounced inspection trip to FINR’s clinic earlier this month.
Among other things, a review of 98 FINR residents found that 50 patients didn’t even have a diagnosis of a spinal-cord injury or traumatic brain injury and, therefore, did not qualify to be treated at the facility. As a result, regulators are requiring those patients to be moved to other locations.
Regulators also cited FINR for not having initial treatment plans for patients and discharge plans as required from a transitional facility.
Another practice at FINR that is attracting the attention of regulators is the use of the so-called “Brief Assisted Required Relaxation” procedure, or as it is known, BARR.
The procedure calls for three individuals to physical restrain a patient whose behavior could cause harm to themselves or others. The physical restraint can be followed by the use of drugs to calm the patient and secluding the patient from others for an indefinite period.
The BARR procedure is supposed to be used only when all other methods to calm a patient fail. However, patients have complained that FINR was too quick and harsh in using the method and that the staff’s actions may have contributed to two deaths at the facility in the past two years.
It was all part of what Allstate lawyers labeled “a culture of abuse and violence,” which led some patients to describe to their time at FINR as being in “prison.” Since 2005, The Florida Department of Children and Families received 514 complaints of abuse or neglect, with 37 of those complaints being turned over to law enforcement officials.
On the advice of legal counsel, FINR has yet to turn over the BARR documents to regulators.
Florida DCR Secretary David Wilkins said that the three agencies are still pursuing these issues and others to ensure patients are protected.
“We will continue to investigate any allegations of abuse or neglect to this vulnerable population and provide this information to law enforcement and the other agencies involved,” said Wilkins in a statement.

Crazy Callers


Florida Man Pleads Guilty to Phone Threats to Insurer’s Employees

A 49-year-old Florida man pleaded guilty Friday to making hundreds of threatening calls to employees at the Travelers Insurance Co.
Brent Hansen of Seminole, Fla., entered guilty pleas in U.S. District Court in Bridgeport, Conn., to four federal harassment counts, the U.S. Attorney’s Office said.
Hansen was accused of making the calls and leaving more than 260 anonymous voicemails, most of them to two employees of the Hartford-based company, between March 2011 and June of this year.
Many of the messages accused the employees of being murderers, rapists and terrorists and often would include long periods of laughter and screaming, prosecutors said in court documents.
“The voicemails are hostile and consists of long tirades and rants, often for several minutes, in which the defendant states the victims are cursed and that God will damn their soles,” prosecutors wrote in a July memorandum that opposed a motion for Hansen’s release.
The FBI confronted Hansen in September 2011, and he agreed to stop the calls, but resumed making them a short time later, prosecutors said. He was arrested in July.
Hansen also was charged in 1992 with setting fire to the home of friend after an argument, but he fled to Canada before he could be taken into custody, prosecutors said. Those charges were dismissed in 2006 by prosecutors who were unfamiliar with the case because of its age, according to court documents.
Hansen faces two years in prison when he is sentenced on the harassment charges in October.
It was not clear from the court documents why Hansen targeted Travelers. A message seeking comment was left Friday afternoon for his attorney.


ISAAC Claims in Billions


nsurance claims from Hurricane Isaac have starting coming in, with one estimate saying losses to insurers could total $1.2 billion.
AIR Worldwide, which models losses for insurers, said its best estimate of losses was $1.2 billion. Insurers could have to pay up to $2 billion if it turns out winds were higher and rains produce heavy flooding, but only $700 million if losses turn out to be less.
An earlier estimate from EQECAT, another modeling firm, put Isaac’s insured damages onshore in the U.S. as between $500 million and $1.5 billion.
State Farm Insurance Cos., the largest insurer in Louisiana and Mississippi, said it had received 4,266 homeowners’ insurance claims in the two states — 3,805 in Louisiana and 461 in Mississippi. The company had received 1,144 automobile claims — 998 in Louisiana and 146 in Mississippi.
Jim Rowles, claims manager for Mississippi Farm Bureau Insurance, said the firm had received more 600 homeowners claims as of Friday, mostly in the southwestern part of the state. The firm is the second-largest homeowners’ insurer in Mississippi.
Sister company Louisiana Farm Bureau Casualty Insurance Co. had also received about 600 homeowners claims Friday, along with 125 auto claims, said claims manager Bob Warner.
“Losses are not developing at a real high rate,” said Warner, although he said the firm doesn’t cover many properties against wind in metro New Orleans.
He said flood claims may be slow to come in because many areas were still flooded Friday in Louisiana. Farm Bureau is the third-largest homeowners’ insurer in Louisiana.
The Mississippi Windstorm Underwriting Association had received about 400 claims by late Friday, assistant manager Brad Little said. Warren said many claims filed with the insurer of last resort appeared to be worth less than the policyholder’s deductible, meaning the company wouldn’t have to pay anything.
Allstate Corp., which is the second largest insurer in Louisiana and third largest in Mississippi, declined to release the number of claims it has received so far.
A spokesman for the Federal Emergency Management Agency said there were no statistics yet on how many federal flood insurance claims had been filed, and the agency doesn’t expect to have even preliminary statistics for 30 days.
“It’s too soon to tell right now,” spokesman Lars Anderson said.