Insurance Updates

What is Supplemental Health Insurance

Supplemental health insurance does what the name says-it fills in specific health insurance gaps or gives you more coverage for certain needs (like cancer, accidents, or hospital indemnity).

It’s a good way to make sure you have enough coverage for situations that are typically expensive, but it isn’t a substitute for regular health insurance.

Supplemental health insurance is designed to kick in right when you need it most. The sad truth is that medical bills are the leading cause of bankruptcy in America.


Florida Insurance Commissioner Says Chinese Drywall Not Covered Under Homeowners’ Policies

Chinese drywall is not a covered peril under homeowners’ insurance polices, according to the Florida Insurance Commissioner. Speaking to state legislators, Kevin McCarty warned that insurers have no obligation to cover defective Chinese drywall.

The U.S. Consumer Products Safety Commission (CPSC) has received about 1,897 reports from residents in 30 states, the District of Columbia, and Puerto Rico concerning Chinese drywall. Gases emitted from Chinese drywall are being blamed for significant property damage, including damage to HVAC systems, smoke detectors, electrical wiring, metal plumbing components, and other household appliances. These gases also produce a sulfurous odor that permeates homes, and cause metals, including air conditioning coils and even jewelry, to corrode.


Collision Repair Costs Found to Increase In Third Quarter

The average vehicle crash damage repair on an adjusted basis increased $164 in the third quarter, according to an electronic processing provider for the collision industry.

San Diego-based Mitchell International said in the third quarter average gross appraisal value for comprehensive coverage estimates processed through company servers was $2,468 compared to $2,356 in the same period for 2008.