Auto Insurance Term » Medical Payments

Nursing Liability Insurance

admin — Thu, 15 Apr 2010 15:37:20 +0000

Nursing liability insurance is simply malpractice protection. Some employers offer this type of insurance to their nurses, but there are a number of nurses that choose to purchase their own liability insurance for their own protection.

While some employers offer nursing liability insurance, the policies under it may still be limited. For instance, they may not be able to cover private-duty activities and off-duty incidents. In other cases, the insurance may also not take effect once the nurse transfers to another hospital, even if he or she is still involved in a case that concerns an activity made for his or her past employer. All these things make nurses susceptible to lawsuits and this is the reason why several nurses choose to invest in their own nursing liability insurance.

Nursing liability insurance typically offers claims that may amount to as much as a million dollars. Aside from this, there are also other components that make such insurances attractive. The first is personal protection. This insures the owner of liability damages that may result from work outside his or her employer’s premises. There is also personal injury protection that safeguards the owner from charges relating to slander, libel, and assault arising from the practice of the nursing profession.

Medical payments are also being offered for work-related injuries that occur in the clinic or household of the owner. Such reimbursements may amount to as much as two thousand dollars per person.

Other services are being offered together with nursing liability insurances. First, the insurance is effective on a 24 x 7 basis. This means that the owner is protected even after work hours. Legal representation is also available whenever the situation calls for such. For nurses who travel abroad, some nursing liability insurances also offer worldwide coverage.

Discounts are also given to certain groups of individuals. Student nurses may be given a discount of as much as $30 a year. Those who are new graduates may also be given a certain discount percentage. Other discount groups are retirees who still have valid licenses with them and nurses who took risk management courses.

By: Jimmy Sturo

What is Short Term Car Insurance?

admin — Thu, 24 Dec 2009 00:57:25 +0000

There are times when you simply don’t need a six month insurance policy, but you need some sort of short term car insurance. Luckily, there are companies out there that do provide such a service. This is great for people who only use cars every once in a while. Not only will it cover the cost of the repair of the car if something were to happen, but it also prevents the driver from receiving a heavy fine for driving uninsured. It is, after all, illegal to drive without car insurance, and for good reason. Things happen, people want their cars fixed, and the last thing you want is to go to court because of a simple mistake.

Short term car insurance can last anywhere from a day to six months, depending on how long you’re going to require it. This is much more economical than paying for a full six months of insurance on a car that you’re only going to use for a week. Depending on the company providing the service and the policy they issue, the premium may be collected monthly or in advance. Coverage can begin immediately upon receiving the policy, or on an established, agreed upon date, depending on exactly what the needs of the driver are. Just like a normal, long term, full coverage auto insurance policy, short term car insurance includes uninsured and under-insured motorist protection, physical damage, and of course the obligatory liability insurance that is required by law. Some policies even cover medical payments for passengers. Auto insurance companies generally charge a flat rate for short term car insurance, and this rate is often less expensive than normal car insurance. Extras such as roadside assistance may also be available, depending on the company and policy. There are no contracts, and the only thing needed to cancel the policy is generally a written request.

By: Luke Duncan

Understanding Basic Auto Insurance Terms

admin — Wed, 16 Dec 2009 21:36:06 +0000

If you have to move around often and are constantly having to change auto insurance companies it can become tricky to understand the different terminology that each state has. Sometimes you can luck out and move around within different states that have similar coverage. Some of the states that have similar terminology for car insurance are Oregon, Idaho and Washington.

Three of the broad auto insurance terms that are used in Oregon, Idaho and Washington are:

- Property auto insurance

- Liability auto insurance

- Medical coverage

These are pretty easy to understand, but it breaks down to even more basic terms. Here are some of the other terms that are used in Oregon, Idaho and Washington car insurance companies:

- Liability: This offers protection against claims, property damage or bodily injury to a third party that your or a member of your household accidentally cause while driving your car.

- Medical Payments: This provides medical coverage for everyone that is in your vehicle if an accident happens. This also covers dental services that are a result of an accident regardless of who caused the accident.

- Uninsured motorist / Underinsured motorist: This protects you if you are involved in an accident with an uninsured motorist or a hit and run accident. The underinsured motorist insurance provides car insurance for you if the other driver doesn’t have enough insurance to cover your expenses.

- Damage to your auto: There is collision, comprehensive and different situations where damage is not covered.

- Personal injury protection (No Fault): This protects you regardless of who is to blame for the accident.

- Additional, optional coverages: This is and additional / optional coverage that helps with towing and labor, rental reimbursement, CD coverage, CB Radio or car phones.

With these simple terms and understanding of auto insurance in Oregon, Washington and Idaho it will make it easy for you to get what best fits your needs.

By: Billings Farnsworth

Terms Relating to Car Insurance

admin — Sat, 05 Dec 2009 00:38:32 +0000

The following list of terms are commonly used in the field of car insurance. Being familiar with them will help you understand your minimum lawful requirements when it comes to taking out your annual personal auto insurance policy if you are based in the US. The definitions also relate to auto insurance in general across many countries however, so you may find it useful to take time and check if you are familiar with their meanings.:

Uninsured/Underinsured Motorist This generally represents the level of cover provided for yourself, and relatives and other occupants that may travel in the insured vehicle, in the event that some or all of you sustain bodily injury in an accident in which the driver of another motor vehicle is legally responsible and does not have insurance (uninsured) or does not have enough insurance (underinsured). In the US state of Nevada, for example, state law requires that this cover must be offered by an auto insurance company to the insured (Statutes 687B.145(2)), but does not have to be accepted by the insured ie. it is not part of the mandatory minimum liability cover required under the law of that state. Diminution in Value This refers to the possible reduced value of your car after damage and repair. The rule in general is that a vehicle that has never been in an accident may, in some cases, be considered more valuable than a fully repaired vehicle. If your insurance policy provides for collision or comprehensive coverage under which your vehicle is being repaired, the loss to your vehicle will be measured by the language in the policy, and may not include any diminution in value. For claims against negligent parties’ property damage liability policy, such loss of value may be compensable under some circumstances. Medical Payments This component of your personal car insurance covers the costs of all reasonable and necessary medical expenses, without regard to legal liability, that may result from accidental bodily injury while driving, or being a passenger, in an insured vehicle during an accident or indeed being struck as a pedestrian by a motor vehicle. “MedPay” is generally bought in nominal amounts, such as $1,000, to provide a means for quick payment of minor medical bills without having to deal with the courts or other insurance companies. This cover, like the uninsured/underinsured cover must be offered by the insurance company in most US states for example (eg. Nevada Revised Statutes (NRS) 687B.145(3)), but does not have to be accepted by the insured. Bodily Injury/Property Damage Liability This cover protects you financially if you injure someone else or damage someone else’s property while driving your car. You must be legally liable for the injuries or damages to activate these coverages. Most countries around the world enforce a minimum level of public liability insurance for this very reason ie. it is to protect other people namely from your potential dangerous mistakes. All US states requires that every driver carry some minimum level of liability insurance.

By: Jon James J.

Auto Insurance Breakdown

admin — Sat, 21 Nov 2009 17:40:27 +0000

Auto insurance is an important, and, in most states, legally required protection for drivers. Auto insurance applies to vehicles such as cars, trucks, and motorcycles, but also applies to boats. It is primarily designed to protect motorists, but also protects individuals, such as pedestrians, who may be injured by an auto, or property owner’s whose property is damaged by an auto.

There are many different types of auto insurance, so I would like to give you a general overview of the available options. Fortunately, the different types of auto insurance can be easily broken down by the level of coverage that they provide. The levels range from the highest possible to the bare minimum required by law.

First of all, there are two basic categories of auto insurance: collision insurance and comprehensive insurance. Collision insurance covers damage to the vehicle if it is damaged in an accident. Comprehensive coverage offers more protection because it applies to a wider range of situations including theft of the automobile.

It is easiest to start with the minimum level, which is know as liability coverage. Liability insurance pays for injuries or damages sustained by other vehicles and people involved in an accident that is caused by the policyholder. For example, if the motorist causes an accident in which both party’s vehicles are damaged, liability coverage pays only for the damage to the vehicle of the driver who was not at fault in the accident, and not to the driver who was at fault.

Liability is required by law in many states because it also covers personal injury protection to people injured in accidents. Thus, it ensures that any person injured in an auto accident, through no fault of their own, is covered by the insurance of the responsible party.

Personal injury protection (PIP) and medical payments (MP) are not included in liability. However, the next level of insurance, collision insurance does covers these two expenses.

Personal Injury Protection covers the policyholder for time and medical expenses required for the maintenance of a vehicle. This covers lost wages should a person need to bring a vehicle to a mechanic and must miss work as a result.

Insurance can also cover medical payments, which refers to the cost of treatment if the policyholder is injured in an accident and the cost of that treatment exceeds the limits of personal injury protection.

Collision coverage includes the liability of the driver to other parties, personal injury protection, and medical payments. It also covers damage to the policyholder’s own vehicle in the event that it is damaged in an accident, regardless of whether the insured is at fault in the accident or not. Therefore, even in a single car accident, the policy of the driver covers the damage that his or her car incurs. In a two car accident, all damage is covered by the person found to be at fault in the accident.

If the policyholder’s vehicle is damaged so badly in an accident that it must be replaced, collision insurance will pay for the value of the damaged vehicle towards the purchase of a new one. However, collision insurance does not cover the theft of the vehicle, damage from a fire, or damage due to weather, such as hail.

Comprehensive coverage offers a higher level of protection for the policyholder. It covers liability, PIP, MP, and damage to the vehicle if it is involved in an accident. Comprehensive coverage will also pay for a new vehicle if the vehicle of the policyholder is stolen or damaged in a fire.

Although both collision and comprehensive coverage can protect the policyholder from the cost of vehicle replacement, it is not perfect. This is due to the fact that the value of vehicles depreciates over time. These types of insurance will only pay for the value of a totaled (destroyed) vehicle, regardless of the cost of the vehicle when new.

However, there is a third type of insurance that can protect the policyholder from this kind of depreciation. GAP insurance protects the consumer from the depreciation in value of a vehicle.

It is obvious that auto insurance is complex, and it is important to understand all of the available options before making a choice. Different states have varying requirements, so it is important to ask question not only about the type of coverage you are purchasing, but about the requirements of your state, as well. Remember, accidents are called accidents because they are not deliberate, and always come as a surprise. Make sure that you have the appropriate coverage for you and your family in advance, to protect against unforeseen events, such as accidents.

By: Gena Woodard

Auto Insurance

admin — Mon, 16 Nov 2009 11:42:25 +0000

Auto insurance can make all of the difference in the world in the unfortunate event of an accident. Not only does it cover property damage, but auto insurance offers other protections as well.

For example, liability coverage will cover damage you cause to other vehicles in an accident, and it can also cover others’ medical expenses.

The type of policy you have will determine the dollar amount of coverage you receive in these areas. The cost of the policy will be affected by the level of protection you buy, and other factors such as your age, and driving record.

Given the importance of auto insurance, it’s a good idea to shop carefully when looking for appropriate coverage.

The policy itself is a contract that specifies your obligations, as well as the financial commitment of the insurer. The amount you pay for a set term of coverage is called the premium. Generally the premium of your auto insurance is fixed for the term of the policy barring unforeseen events, such as an accident.

State requirements for auto insurance vary from state to state and from individual to individual. Speaking to an insurance professional will help you make a decision based on your particular needs.

The premium for auto insurance is directly connected to 6 levels of coverage. These levels include comprehensive, collision, uninsured/underinsured motorist, property damage liability, bodily injury liability, and medical payments (also known as personal injury protection).

Comprehensive protection covers losses that are not a direct result of an accident. For example, comprehensive would come in handy if you sustained damage to your car due to a hailstorm.

Some drivers choose not to carry comprehensive, especially if they are driving an older vehicle of little monetary value. Also the deductible (the portion of an expense you pay out of pocket)may exceed the value of some older cars.

On the other hand, if you purchase a new car, especially with a loan, you may need to incorporate comprehensive in your policy.

Collision coverage appropriately covers your automobile in the event of a collision. This protection covers damage even if it’s determined you’re at fault in the accident. The cost of collision coverage will be affected by the deductible. Generally speaking, the higher your deductible the lower the premium for your auto insurance.

Uninsured and underinsured motorist coverage covers you in the event that you are in an accident caused by an uninsured or underinsured driver. This protects you as well as any other designated driver of your car. This coverage can be invaluable if you sustain significant injury. This type of coverage may also cover you if you are a pedestrian and a driver hits you.

Property damage liability covers damages you cause to another vehicle. It also covers damages you might cause to other property. If for example, you take out the neighbor’s fence going around a corner, property damage liability coverage will cover this.

Bodily injury liability coverage is particularly important. This helps protect you financially in the event that you cause an accident and cause injury to other people.

Medical payments coverage (personal injury protection) is a type of coverage that protects you and the occupants of your car for medical related expenses.

Auto insurance will help you and those you love if a mishap occurs. Finding the right auto insurance policy will help make your driving experience safer and more pleasurable.

For more information, see Make-Getting-Insurance-Easy.com/auto-insurance

By: David S

Auto Insurance Definitions Simplified

admin — Sun, 08 Nov 2009 06:13:11 +0000

Auto insurance terms can be confusing, to say the least. Below are auto insurance definitions in layman’s terms.

Anti-Theft Device – Anything on your auto that reduces the chance that it will be stolen or that makes it easier to find if it is stolen. Examples include:

* Car alarms

* Keyless entry systems

* Starter disablers

* Vehicle identification number etchings

* Auto tracking systems

Bodily Injury Liability – The amount your insurance company will pay if you injure or kill someone else with your auto.

Collision Insurance – Coverage from your insurance company for repairing or replacing your auto if it collides with another vehicle or object.

Comprehensive Coverage – Coverage from your insurance company for repairing or replacing your auto if it is damaged by anything other than a collision or is overturned.

Claim – Any request for payment under the terms of your insurance policy.

Deductible – The amount you pay out of pocket before the insurance company begins to pay on a loss.

Good Student Discount – A discount that insurance companies give students who earn high grades in school.

Insurance Comparison Website – A website that allows you to quickly and easily get auto insurance quotes from multiple insurance companies (see link below).

Medical Payments – The amount your insurance company will pay for medical and funeral expenses caused by an auto accident.

Multi-car discount – A discount that insurance companies often give if you have more than one vehicle insured on the same policy.

Multi-policy discount – A discount that insurance companies often give if you have more than one policy with the same company.

Per Occurrence Limit – The maximum amount an insurance company will pay for all claims from a single incident.

Per Person Limit – The maximum amount an insurance company will pay for one person’s injuries caused by a single incident.

Property Damage Liability Insurance – The amount your insurance company will pay for damage you cause to someone else’s car or property.

Where to Get Cheap Auto Insurance Rates

By: Brian Stevens