Not exact matches
Third, there may be other types
of insurance available, such as final
expense insurance (that pays funeral and related
expenses) that's sometimes less expensive and still provides an
adequate amount
of coverage.
Because
of the many
expenses surrounding a house fire, it can be especially difficult to come up with funds for a new car, if you lack
adequate coverage.
«You should be careful to have
adequate coverage to fully protect your vehicle and other assets so you don't get stuck with out -
of - pocket
expenses,» says Penny Gusner, consumer analyst for CarInsurance.com.
Even if it does, it may not provide
adequate coverage and you may be left with a high deductible, co-insurance and out -
of - pocket
expenses.
In a situation where you are involved in a car accident, and the driver found to be at fault does not have
adequate coverage then you are forced to pay your
expenses out
of pocket.
Since medical emergencies may arise anytime, a health insurance policy with
adequate coverage will take care
of your hospitalization
expenses and medical bills.
When you're shopping for
coverage, it can be confusing with all
of the options and additional riders that you can add - on to your plan, but not having
adequate coverage could leave you and your family with massive debts and other
expenses.
For families concerned about the
expense of burying their parents, the sooner this issue is dealt with through
adequate burial insurance
coverage, the greater the peace
of mind will be for both the parents and their children in knowing their funeral
expenses will not be a financial burden.
You may want to consider uninsured / underinsured motorist
coverage (in the event the other driver in an accident does not have
adequate coverage), personal injury protection (to pay for the medical
expenses in the event
of a serious accident), collision
coverage (to pay for the costs to repair or replace your car if you are responsible for the accident) and comprehensive
coverage (in the event
of an accident caused by an «act
of God» such as a theft, vandalism or storm damage).
However, if you do not want to venture out too much while seeking investment options, you can stick to a traditional insurance policy, which will provide you
adequate coverage for your minor child's education, medical
expenses,
coverage in case ofdemise
of either
of the parents, and also act as a suitable collateral for loans taken for higher education.
In addition to trip cancellation and interruption, the more comprehensive travel insurance plans available today through AIG Travel Guard may also cover emergency medical
expenses; emergency medical transportation, when ordered by a doctor, to the nearest
adequate medical facility; reimbursement for accommodations and
expenses incurred due to travel delays; reimbursement for the purchase
of essential items if baggage is delayed; and
coverage against lost, stolen or damaged baggage.
After all, if you are ever faced with a car accident and without
adequate coverage, you could be looking at several thousands
of dollars in out
of pocket
expenses and several years
of debt.
The main beneficiaries
of the increased minimum limits passed into law by the Maryland Senate would be the victims
of injury auto accidents whose medical
expenses exceeded the old liability limits and who did not carry
adequate uninsured or underinsured motorist bodily injury
coverage.
In spite
of the
expenses in updating Hudson car insurance policies,
adequate coverage is the benefit that comes with it.
The main beneficiaries
of the increased minimum limits passed into law by the Maryland Senate would be the victims
of injury auto accidents whose medical
expenses exceeded the old Maryland liability limits and who did not carry
adequate uninsured or underinsured motorist bodily injury
coverage.
You may also want to look into underinsured / uninsured
coverage which takes care
of the
expenses if the other driver in the car accident does not have
adequate coverage.
However, if you end up causing an accident and you skimped on your car insurance you could end up paying far more in out -
of - pocket
expenses than if you had just purchased
adequate coverage in the first place.
Some optional
coverages include mold; inflation guard — which ensures that you maintain
adequate coverage limits; scheduled personal property for valuables such as fine art, valuable antiques or jewelry; and ordinance or law
coverage, which covers the extra
expense of compliance with local building codes that may not have existed when the home was built.