Insurance
The wildfires still raging in Los Angeles have displaced thousands of homeowners — many of whom have inadequate coverage due to a broken home insurance system in the state. And while new efforts to keep affected homeowners insured and expand coverage areas are going into effect, it may be too little, too late for many. How the home insurance system in California failed residentsRetaining homeowners insurance in California is notoriously difficult for those living in areas vulnerable to wildfires. And the problem has only gotten worse in recent years.The effects of climate change, combined with poor forest management, have accelerated…
Universal Property3.0NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.Offers plenty of ways to save on your policy, but draws many consumer complaints.Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.About averageDiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.Great set of discountsNAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts…
Are you a fan of Europe’s “The Final Countdown”? Well, if you’ve ever been ashamed of playing ‘80s stadium rock over and over and over, I’ve got good news: you’re encouraged to play it now, because it’s the final countdown to health insurance coverage. What do I mean? Well, you might know that right now is Open Enrollment for Obamacare. It’s the only time, barring Special Enrollment Periods, that you can buy health insurance coverage for 2017. Open Enrollment runs through January 31, 2017, but if you want coverage to start on January 1, you have to apply by December…
People with Medicare Part D have a new way to pay out-of-pocket costs such as copays, coinsurance and deductibles for prescription drugs starting in 2025: the Medicare Prescription Payment Plan. The plan works similar to a “buy now, pay later” option for covered prescription drugs. The Medicare Prescription Payment Plan allows Medicare beneficiaries to spread out-of-pocket costs for covered prescription drugs over the course of the remaining calendar year. It might be a compelling option, especially for Part D beneficiaries who incur significant out-of-pocket costs early in the year.Who’s eligible for the Medicare Prescription Payment Plan?The Medicare Prescription Payment Plan…
Your credit score influences your ability to secure financial products. A higher credit score could mean a more affordable mortgage or a better rate on a credit card. A lower score can affect your employment eligibility or cause a landlord to turn away your rental inquiry. Your credit score has a way of sneaking into other areas of life where you might not expect it to matter, and since the mid-1990s, your car insurance premium is one of them. Credit Score and Car Insurance Auto insurance companies see a statistical correlation between creditworthiness and the frequency of auto insurance claims.…
A clogged toilet that backs up all over your bathroom. A sump pump breakdown that leaves your basement full of water. These scenarios can turn into a huge headache — and your insurance policy likely won’t pay for the damage. That’s why you might want to consider buying water backup coverage.Get home insurance quotes in minutesAnswer a few questions to see custom quotes and find the right policy for you.What is water backup coverage?Water backup coverage is an optional type of insurance you can add to a homeowners, condo or renters policy. Because standard home insurance generally won’t cover water…
Picture this: You’re sitting on the beach, sun on your face, cold drink in your hand, with the soothing sounds of the wind and waves lulling you to relaxation. Or at least you would be, but you got sick right before your vacation, so you’re just in your apartment. Oh, and you’re out a few hundred bucks because your flight was non-refundable. It’s one of our biggest vacation fears – something goes wrong either before or during a trip, ruining the whole experience and costing a lot of money – and there’s nothing we can do about. Or is there?…
If you have Medicare, you know that the Annual Notice of Change (ANOC) you receive every fall describing upcoming changes to your Part D prescription drug plan isn’t usually scintillating reading. But this year’s ANOC might be more action packed than most — there could be big coverage changes in store for 2025.Here are five Medicare Part D changes coming next year and what you need to know about them to be an informed shopper during Medicare open enrollment (Oct. 15 through Dec. 7).1. Many plans are merging or endingMedicare Part D plans for millions of members are being discontinued…
Summary Many health insurance and auto insurance companies are providing some type of financial relief due to COVID-19. Check to see what your insurance companies are offering. Reductions may be retroactive to March. Some insurance companies, specifically health insurance and auto insurance companies, are providing some type of financial relief, such as reducing premiums, due to the COVID-19 pandemic. As a result, we recommend you contact your insurance companies to determine what type of relief they may be offering. If it’s not enough, try to work out an individual payment plan with your insurer. It’s important to note that what…
Thrivent5.0NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.Thrivent is a fraternal benefit organization that sells term and permanent life insurance to Christian consumers.Financial strength ratingThese ratings indicate an insurer’s ability to pay future claims.ExceptionalOnline purchaseThis indicates whether the company offers a way to apply for and purchase policies entirely online.NoNAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and…
Smart Spending Tips on the difference between term and whole life insurance. Life insurance is a way of ensuring that the people who depend on you are provided for financially should you die unexpectedly. Deciding what type of insurance to get can be challenging. Your choice affects the cost and benefits of your life insurance. The difference between term and whole insurance is primarily how long the policy lasts. However, there are also differences in policies provided. How Does Life Insurance Work? Basically, life insurance consists of two components: Premium. The amount you pay, typically monthly, for the policy Death…