Insurance News and Information

Do you have a smartphone or a high end cell phone? Are you concerned about the cost to replace your cell phone if something happens to it? Most cell phone carriers offer monthly cell phone insurance plans but these plans can be expensive between high monthly premiums, deductibles that you have to pay when an accident occurs, and exclusions that can leave you without coverage and without a new cell phone.

Without a subsidy from the cell service carrier a smartphone can be very expensive to replace. The Apple iPhone currently costs $599 to replace without a subsidy! What if you could insure your cell phone against breakage and fatal accident for a fraction of the cost of monthly cell phone insurance plans?

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BOISE ID (March 30, 2011) – Almost every year, winter runoff mixed with rain causes flooding of Idaho’s rivers. Earlier this month, residents watched as water in the Weiser River rose to dangerous levels. The Idaho Department of Insurance urges all consumers to take stock of their belongings and their insurance policies to make sure they are prepared in case the waters start to rise in their neighborhood.

Department Director Bill Deal says, “Flood, defined in insurance terms, is an excess of water or mud on normally dry land. Floods are not covered by a typical homeowners or renter’s policy. Additionally, mold caused by flooding is generally not covered.”

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Check out this article from the Idaho Department of Insurance about a new iPhone app that can help you document and categorize all the belongings in your house. In the event of a large loss to your house a home inventory can be invaluable in helping the insurance company get you back where you were before the loss.

If you have any questions about home inventories or personal property coverage call Shaffer Buck Insurance at 208-454-1401 or Contact Us.

This category will contain helpful tips as well as answers to frequently asked questions about homeowners insurance. If you have any questions about any of the articles or have general questions on homeowners insurance, give us a call 208-454-1401 and we will be happy to help!

 

Before you hit the road this winter, make sure your auto and auto insurance are ready for the journey. The Idaho
Department of Insurance reminds motorists that planning ahead can help avoid mishaps that could ruin a vacation.

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Are your car insurance liability limits enough to protect you and your financial security? Here is one example of how low liability limits can be a dangerous financial decision.

One of the most frequent questions we get asked here at Shaffer Buck is, “Should I purchase the rental car damage waiver or does my insurance cover me.” Our answer is always yes and no.

A car accident can be a very stressful experience. Knowing what to do in the event of an accident is key to ensuring a smooth claims process and a quick turn around to getting you back on the road. Below is an article and checklist from the Idaho Department of Insurance on what to do if you are in a car accident.

What would happen if you were suddenly unable to work due to an illness or injury? Without a paycheck, how long would you be able to make your mortgage payment, buy groceries or pay your credit card bills? Join NAIFA ClientCast® this month as we recognize May as Disability Insurance Awareness Month and explore this often forgotten insurance coverage. We’ll share Real Life Stories about real people with real experiences and the challenges that they faced. In each case, smart insurance planning ensured that emotional struggles were not compounded by the financial hardships that a disability can bring. To listen to the podcast simply click on link below:
http://www.myrealwealthprofessional.com/naifa/aaronbuck

 

BOISE ID (March 15, 2012) – The Department of Health and Human Services has issued an alert warning people with diabetes of a new scam. The Idaho Department of Insurance urges consumers to be suspicious of anyone who offers free items or services and then requests Medicare or financial information. 

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What Is a Limited Medical Benefit Insurance Plan or Mini-Med Plan?  A Limited Medical Benefit Insurance or Mini-Med plan is NOT comprehensive major medical health insurance. Unlike a traditional insurance policy, with a Mini-Med plan, there is no limit to how much you might have to pay for medical expenses. Not all Mini-Med plans are the same. Some offer a very low level of health insurance coverage. If you have too little insurance, you increase the risk you’ll have to borrow money or face bankruptcy if you have a costly illness or injury. Most limited medical benefit or mini-med plans cap the annual amount they will pay for medical expenses, leaving you responsible for the rest.

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BOISE ID (February 27, 2012) –  Consumers are seeing many changes in the health insurance landscape as Health Care Reform measures are implemented. The Idaho Department of Insurance urges consumers to take time to confirm specific coverage and benefits of a plan before buying any product.

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Do you know the full impact of the current healthcare law? Will it remain in its present state or will it be totally overhauled? Join NAIFA ClientCast this month with our guest Grace-Marie Turner, president of the Galen Institute, as she provides her viewpoint of the healthcare overhaul law. Find out what it has accomplished so far, and the impact it may have on businesses and consumers in the future. To listen to the program simply click on the website address below: http://www.myrealwealthprofessional.com/naifa/aaronbuck

 

How often do you think of life insurance as just an expense? You may want to think about looking at life insurance in a new way. Join NAIFA ClientCast® this month as we discuss that to have a completely diversified portfolio, you may want to consider life insurance as one of your assets to maximize your overall investment goals. To listen to the program simply click on the link below:
http://www.myrealwealthprofessional.com/naifa/aaronbuck

 

With the uncertainty of social security, and pensions becoming a thing of the past, retirement income planning has to be a top priority for those looking forward to retirement. Join NAIFA ClientCast® this month with our guest to discuss the changes that have occurred over the past twenty years and the rules that we face planning for retirement. We’ll share practical solutions to help you plan for a long, successful retirement. To listen to the program simply click on the following website address: http://www.myrealwealthprofessional.com/naifa/aaronbuck

 

Is it possible that a new tax law is actually good for you? When it comes to planning for the devastating cost of Long Term Care, the Pension Protection Act may provide you more options. Join ClientCast® this month as we explore how provisions of the Pension Protection Act of 2006 can provide you even more options when planning for Long Term Care. To listen to the podcast simply click on my web page link below:

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Click the link below to listen to this month's real wealth podcast, all about Life Insurance and the protection it can offer to you and your family.

 

Who is watching out for you when you are considering the purchase of insurance today? The office of the Commissioner of Insurance is responsible for leading the way in informing and protecting the public. Join NAIFA ClientCast this month as we discuss how you, the consumer is protected in a highly competitive and sometimes confusing insurance marketplace. To listen to the program simply click on the web page link below:
http://www.myrealwealthprofessional.com/naifa/aaronbuck