We may never know the answer to the question posed in the title of this series of posts. Fortunately, we do have research findings from Insure.com that offer us some insight into whether men or women tend to believe some common myths about insurance.
A recent survey shows a very interesting split between men and women when it comes to insurance. The survey, conducted by Insure.com, tested 2,000 adults’ knowledge of insurance without digging into their actual coverage or claims experience. The respondents were asked if 10 statements based on common myths about insurance were true or false. For the most part, men were more gullible than women.
We often talk about lawsuits filed by consumers against their insurance companies. The insurance company has not kept its promise, its contractual obligation to the policyholder, and the policyholder has suffered a loss as a result. Sounds pretty straightforward, doesn’t it?
No one plans to get sick or develop a medical condition, but the reality is that these things happen and, when they do, the costs associated with medical care and treatments are often astronomical. Health insurance exists to help defray costs associated with medical care. For example, if an individual gets sick and needs to go to the doctor, his or her health insurance typically covers a portion of the expenses related to a doctor’s visit or hospital medical tests.
We are discussing a Florida law about parasailing that went into effect on Oct. 1. The law requires a commercial parasailing vessel operator to carry personal injury liability insurance, with limits of $1 million per occurrence and $2 million per year. The Legislature did not stop there in its effort to protect consumers.
Florida has a new insurance law, and this one is designed to protect consumers. Effective Oct. 1, commercial parasailing operators must have personal injury liability insurance. The policy limit may not be below $1 million per occurrence with an annual cap of $2 million.
Storm trackers are watching Hurricane Rachel make her way toward Mexico — the west coast of Mexico, that is. Floridians have no cause for worry from this storm at this time. With just a few days left in September, usually the busiest month during the Atlantic hurricane season according to the NOAA, the state has dodged the four named storms this year, apparently continuing our winning streak.
We are not quite finished with our discussion of long-term disability insurance.
As we said in our last post, long-term disability insurance is wage replacement insurance. Health insurance, auto insurance, life insurance, property insurance — they reimburse insureds for the expense or a portion of the expense of a covered event. Long-term and short-term disability insurance kick in when a covered event affects the insured’s earning power.
It may be more accurate to call both short-term and long-term disability insurance “wage replacement insurance.” Let’s back up a little before we get into that.
