Document Required for Filing Health Insurance Claims

A time would come when you would need compensation for your health insurance. When there is need for it, you would need to file a claim to get compensation. You would be required to submit some documents when filing a claim. It is best to have all of these documents when filing the claim. This will help speed up the process of processing your claim.

Claims Form

Your insurer would provide you with a claim form. You have to complete it and append your signature on it.

Medical Bills

You would obviously have acquired bills for your treatment. The insurance company would need the original medical bills as proof.

Drugs Purchased

A more appropriate proof for your treatment is the drugs prescribed and costs. This would also include all case histories, medical reports, discharge summaries, diagnosis, etc.

Unlike what most people think, insurance companies are really willing to render assistance when you are in need. As long as you do not default in premium payment, the insurance company is ever ready to pay out compensation.

Auto Insurance Questions and Tips

You would never be able to get the best auto insurance policy if you are not well acquainted with the insurance. One of the ways to achieve this is by asking the right questions. Some of these questions include

How High is Your Risk?

One of the most commonly used words in insurance is risk. Everything is dependent on your risk assessments. The insurance company would check in details some factors to determine your risk. It is with this your perceived risk that your premium rate will be determined.

Tip: To get the best from your insurer, you have to minimize your risk. There are several ways to lower your risk and ultimately lower your premium.

Are You Eligible for Discounts?

Every insurer offers one form of discount or the other. The only way to be certain that yours does is by simply asking. Taking advantage of discounts would not only help you save up on cash, you could also use it to add more coverage to your policy.

Tips: Know exactly what coverage you want. This way you would know how to use discounts to your advantage.

How to Select from Your Insurer's Empaneled Hospitals

Health insurance basically covers your medical expenses when needed. Getting coverage for all medical expenses is good in itself but also important is the quality and expertise of the hospital. Health insurance companies usually have hospitals registered under them. Usually clients are given the option of getting treatment from these hospitals. Using these hospitals makes treatment payment easier and faster. All that is needed is a medical report from the hospital to your insurer.

Before you just go ahead and settle for any hospital, you have to consider some things. If you have a specialized illness that needs special attention, you have to check to see if these impaneled hospitals have your required specialty. The more varied specialties of the hospitals, the wider your chances for getting the best treatment. This means you could easily be referred to any of the hospital, if needs be.

The location of the hospital should be another factor to consider. Nobody plans to fall ill and this makes it more unpredictable. You should ensure the hospital is within an easily reachable distance. If you have a terminal illness, then this is even more mandatory. Don't just be in a hurry to buy the insurance without duly taking all of this into account.

Car Accidents: Health Checks

Being involved in a car accident is a terrifying ordeal for anyone to go through. At that point, lots of questions start running through your mind. While it would be understandable to take a look at it from an insurance point of view, it is best we start from a health standpoint. If or when you get involved in an accident, here are few health tips to follow.

Check Yourself

The first person you have to check for injuries is yourself. Start by moving your arms and legs. If no pains or injuries, try moving your entire body. If you have an injury, no matter the extent, place a call to emergency services. Don’t try to move as you may end up complicating your injuries.

Check on Other Passengers.

If and only if you have no injuries or you are not too hurt, go and check on other passengers in your car. If there are any injuries, call emergency services immediately.

Get to a Safe Place

Staying put inside your car doesn’t count as the safest of places to be in. chances are that you may be in shock. Try and get out of the car, if you don’t have serious injuries, and stay on the sidewalks or side of the road. Remember to turn on your hazard lights to notify other road users that your vehicle is immobile.

Wait for Help

Do not take matters into your hands, especially if you are not trained for it. As long as you contacted the emergency services, help will come in a matter of minutes.

Auto Insurance: What Happens After an Accident?

No matter how safe a driver you may be, accidents are bound to occur at any time. for this reason, it is best to familiarize yourself with the ins and outs of your insurance.

Call for Medical Assistance

This is an accident and there are chances that someone is hurt, no matter the degree of injury. The first logical thing to do is to call for medical assistance of there is need for it.

Exchange Insurance Information

The first information you should share should be your policy number and insurer’s phone number. Ask the other driver to provide same as you would need such information when filing your claim. Then move on to ask for names, phone numbers, addresses, etc. While doing this, take a detailed note of how things are on the scene. If you have to take pictures or record a video, then do it. To ensure you do not forget anything, make a list of everything.

Contact Your Insurer

This phase is very crucial as it gets your insurance company involved. Sincethey will be bearing the risk, it is advisable to get them involved as quickly as possible. This is the first step to a series of steps to getting your car repaired. Just make sure you provide them with all the necessary information they would need. 

Collision vs Comprehensive Auto Insurance Policy

These policies are usually the main reason most people opt to buy auto insurance. If we are to be honest with ourselves, we will agree that accidents are almost inevitable. So you are a very careful driver and you do your best to obey all the road rules and regulations. This in no way stops other law breaking drivers from colliding with you. As a matter of fact, as long as you are on the road, you are susceptible to getting hit.

This is what the collision policy in an auto insurance hopes to cover you from. This policy will cover all the repairs or replacement cost for your car after an accident. This policy usually has a maximum coverage limit. To be on the safe side, ask the right questions just before you purchase this policy. This policy usually results in high premium rates but you could raise your deductible to help lower it down.

A comprehensive policy on the other hand takes care of all damage or loss cost on your car outside an accident. In other words, if your car gets destroyed or damaged by arson or gets broken into or gets stolen, this part of the policy gets you covered. Just like the collision policy, this has a way of increasing your premium. There are several ways and tips to follow to help lower your premium, even with this policy in place.

The Relationship between Homeowners Insurance and Inflation

Homeowners insurance is a necessity of you have a home. It keeps you at peace knowing your property is covered in case of a damage or loss. One of the first things to know before buying this policy is the value of your home. This information is vital to determining whether you would have problems getting repairs for the actual value of the home.

With each passing year inflation rates either increases or decreases. However, generally inflation can be said to increase steadily over the course of years. This means the value of your home as at when you bought the insurance policy may have increased after several years. Here's a good example of this relationship.

Roshan Mark had always had the dream of owning his home. That dream became a reality when he paid off his mortgage on the property five years ago. He had done the necessary appraisal and got a good deal for a homeowners insurance policy. Few years after that, the economy wasn't as favorable as it had once been. While this didn’t seem to affect him directly, summer of last year, his home was engulfed with fire.

He was lucky his insurer has an inflation guard to keep his home properly covered. Unlike Roshan, most people are not so lucky. Ensure you speak with your insurance agent on this during every policy review.