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OFIR Warns Michigan Drivers About Fake Auto Insurance

The Office of Financial and Insurance Regulation (OFIR) is warning Michigan drivers about the potential that they may have purchased a fraudulent auto insurance policy. An investigation revealed another situation where someone was intentionally selling fake car insurance to unsuspecting drivers. If you live in Michigan, you might want to go check your auto insurance policy to make sure its is real. Every state requires that drivers purchase auto insurance. People tend to look around for a policy that isn’t expensive, yet covers what it is supposed to cover. It is a good idea to do some “homework” and make … Continue reading →

Time to Review Your Homeowners Insurance Policy

Did you get something big and expensive this Christmas? That new item is probably not specifically covered by your Homeowners insurance policy. Start off the new year by visiting with your insurance agent, and making sure that all the goodies that Santa brought you are covered. A good time to sit down with your insurance agent to review your homeowners policy is right now. Christmas is over, and you will want to make sure that the new, expensive, items that Santa brought you and your family will be covered by your policy. This is especially true if you got new … Continue reading →

Pennsylvania Will have a Federal Insurance Exchange

The Governor of Pennsylvania, Tom Corbett, has announced that Pennsylvania will have a health insurance exchange that is run by the federal government. Republican Party of Pennsylvania Chairman Rob Gleason has released a statement that applauds the governor’s decision. The Affordable Care Act requires all states to have a health insurance exchange. There were three options about how that exchange would be run. One option was to have a state-based health insurance exchange. The deadline for that option has now passed. Another option is to have an exchange that is run as a partnership between the state and the federal … Continue reading →

Your Guide to Insurance Savings

Everyone has to carry some form of insurance, whether it is homeowners insurance, renters insurance, auto insurance or private medical insurance. Being able to find ways to reduce the amount that you have to pay on your premiums is important. With less money leaving your family budget for insurance, you’ll have more money for savings and other needed expenses. 1. Raise your deductible If your insurance deductible is less than $500, consider raising it to at least that amount. The higher your deductible, the lower your insurance rate. The deductible is the amount that you will pay first before the … Continue reading →

Five Ways to Get the Best Insurance Rates

Even in the worst of times, it usually does not make sense to cut back on insurance. You never know when a disaster might hit. Being properly insured can save you from disaster. When money is tight, it is better to reduce the cost of insurance rather than eliminate it. Try the following five ways to get the best insurance rates and reduce your cost. 1. Buy all of your policies in the same place Most insurers will give you discounts when you buy multiple policies with them and may even offer bundled plans. Start by insuring your cars and … Continue reading →

Medicaid in Six States, Fake Car Insurance, the ACA, and More!

Between the election, the announcement of Black Friday sales, and recovery from Hurricane Sandy, its been a crazy week! You may have missed a couple of the blogs that posted on the Insurance Blog in the past seven days. Here’s an Insurance Blog Week in Review to help you catch up. Medicaid Coverage in New York for Pregnant Women This blog focuses on the many Medicaid programs in New York that will cover the health care needs of low income women who are pregnant. New York also has a lot of health information accessible on their Medicaid website. Hurricane Sandy … Continue reading →

Make Sure Your Auto Insurance is Real

Many states require drivers to have current auto insurance coverage. Honest people will follow the law and purchase car insurance coverage. Unfortunately, some drivers in Detroit may have ended up buying fake auto insurance from a very dishonest person. Check to see if your policy is real. Your state probably requires all drivers to be covered by auto insurance. This means that you must purchase it in order to comply with the law. Without it, you could be in for some big trouble if you ever are pulled over by a police officer. Even if your state doesn’t require you … Continue reading →

What’s On Your Life Insurance Annual Policy Statement?

A life insurance policy can provide your family with some financial protection that will help them to continue paying the bills after you have passed away. You can learn some very important things about your life insurance policy by reading over your annual notice of policy status. You might think of it as the “Cliff’s Notes” version of your life insurance policy. Most people don’t like to think about life insurance because you cannot do it without acknowledging that you, and your spouse, are going to someday pass away. While it can be uncomfortable to consider this serious topic, it … Continue reading →

Insurance Blog Week in Review – June 3-9, 2012

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Every week, the Insurance Blog Week in Review gives you a quick and easy way to “ketchup” on all the blogs that appeared here in the past week. There can be anywhere between twelve and fourteen blogs that go up. What did you miss? What You Could Lose if the Supreme Court Overturns ACA The Supreme Court is going to reveal its ruling regarding the court case about the Affordable Care Act. Here is a quick list of some of the things you will lose if the Supreme Court overturns the ACA. The Insurance Podcast Roundup went up on June … Continue reading →

California Insurance Agents Arrested for Ponzi Scheme

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It is never a good idea to attempt to run a Ponzi scheme. An insurance agent, and a former insurance agent, from Southern California, just got arrested for allegedly running a million-dollar Ponzi scheme. The men targeted Latino senior citizens as their victims. Do you know what a Ponzi scheme is? It is what Bernie Madoff got in trouble for running a few years ago. Madoff ripped off several celebrities including Kevin Bacon and Kyra Sedgwick, Zsa Zsa Gabor and her husband Prince Frederic von Anhalt, and others. A Ponzi scheme, according to the United States Securities and Exchange Commission, … Continue reading →