When I was about to write a check to pay for medical expenses, I realized that I might not owe the amount shown on the invoice.

Bill is because it is a health check in late May. I provide my Medicare card at the time of testing. But I have a feeling, in fact, laboratory analysis of samples screened and did not try to give me a bill before its request submitted to my insurance company. This is because the bill arrived shortly after the test is completed, I have not received the statement of claim has been submitted to my insurance company.

All this as I was about to put pen to paper are sinking. So I picked up the phone, called the lab and asked if I had tried to get the insurance company to pay steps. “No,” the customer service representative said. As I expected to be.

So, before you pay for medical expenses, ensure that the requirements have been submitted to the insurance company. Do not ignore Bill – you do not want to knock on your door debt collection. Just make a quick call or to send a bill to your insurance company to see if they are really in a medical institution full of hooks.

I heard that if you have been diagnosed with a terminal illness, you can dig some of your life insurance death benefits in advance. really?

In some cases, many life insurance policies offer the policyholder “accelerated death benefits,” which makes who has been diagnosed with a portion of the death benefit of the terminally ill access policy while they are still alive. These benefits may be long-term life insurance policy two available, the last of which certain number of years, but as long as you do not have to pay the premium cash value, permanent life insurance policies (such as whole life), it is still valid and build cash value, you can undo or borrow against. In the case of permanent life insurance policy, you accelerate the death benefit may be more than the cash, you can withdraw or borrow amounts under other circumstances. Whether you have a long-term or permanent life insurance policy, you had received money from the death benefit when you die your heirs will receive the deduction.

Detailed company policies and the type of country varies. If you have a whole life policy from Northwestern Mutual, for example, you can usually withdraw half of the death benefit of up to $ 250,000, if you have a medical certificate, you have a life of six months or less. Compensation for death you can get ahead if you have a long-term policy, as long as the conversion period has not expired. (For example, some long-term policy to allow you to convert a whole life insurance policy, or until the first 50 years of age, you intention CH deadline.)

New York Life Insurance policyholders generally can get to 25% 100% of death benefits, up to $ 250,000 if they have medical evidence shows that they expected to die within a year.

For additional way to access your cash value life insurance, do not have a final diagnosis, see new lease of life insurance information.

For life insurance tired to write a check to pay any retirement to spell relief. With mortgage payments, for their children, health insurance and social security the way, common sense indicates that you can safely let your insurance expire. However, many fiftieth and sixtysomethings do not have the flexibility to shorten the life of their life insurance. Longer life expectancy, and, death benefits have been assigned to take care of was hanging longer, costs too much. You may be retired, but you have not retired mortgage. If no pension, after you die your spouse may need additional financial safety net. If your child is not self-sufficient?

If you’re healthy you can buy another term insurance, but the coverage still can end your demand disappeared. If you want your insurance to last for the rest of your life – whether you long to live – then sign up for a “permanent” insurance policy cash value may be meaningful. In return, you will get tax benefits and savings guarantee – plus death benefit that never expires

Some people will do the most for traditional life, fixed premiums and savings by the support – earn interest and dividends – Insurance companies the high-grade bonds and mortgages. Because insurance companies continue to collect new capital investment and it is the whole of life and to keep up with rising interest rates, and even benefit a small number of long-term fixed income investments.

The disadvantage chaos pocket OUtlays. A healthy 50-year-old man will pay $ thirteen thousand nine hundred and forty Mutual whole life policies of $ 500,000 per year from the northwest. A 60-year-old buyers will pay $ 23,305 per year. (If he bought a 60-year-old from a long-term policy for 20 years, he would pay $ 2,839 a year, until his death at the age of 80 coverage.)

Because premiums remain level with age, it must be set to exceed the company in the early years of the policy to ensure that your cost of living. Additional amount, and therefore have to enter the interest reserve fund. Part of the fund used to pay commission and agent of the company’s management costs. The rest is credited to your account. A few years later, you begin to build reserves, tax-deferred, creating a “cash value”, you can learn in many ways. For example, you can withdraw the amount of the premium you pay for freeTaxes, or you can take a policy loan.

Premium sound expensive, but if you want insurance for rest of your life, you have the following needs one or more than one, you might want to explore the beginning of a life insurance policy – not an end – in 50

A stable investment

Whole life as an investment is controversial, but this is because it takes years to show the value of the policy. First year premiums sharply goes commissions and other expenses, so your cash value will lag the early years of the premium amount you pay. It usually takes eight to ten years for your cash worth more than the premium you pay. But if you stick with it, get better results – sometimes significantly. This is a long-term phenol oxidase sition. Do not buy it if you can not keep it.

From 1991 to 2011, according to research Excuse me, life insurance data provider in Easton, Pennsylvania, this year the cash value in return from big companies such as Northwestern Mutual, New York Life and Thrivent representative policy, ranging from 2.62 to 4.44 percent. This amount is tax-deferred, including your premiums are going to pay a portion of the death benefit and corporate spending. Mutual companies usually offer the best returns. But it’s also a good idea to see if you can be your long-term policy of permanent insurance does not change the insurance company and no new medical examination – especially if you have developed a medical condition, because you are buying insurance

Clearly, the benefits of living INSUR ANCE policy does not extend the bull market in stocks and keep for life affirmation. This is why almost all financial advisors, including well-trained life insurance agents, stressed that the insurance does not mean that your principal investment. Tim Maurer, a financial planner in Hunt Valley, Md., Suggest that you have a comfortable emergency reserve fund and 401 (k) and Roth IRA accounts to pay up before permanent life insurance investment-oriented life policy.But there are a couple of strengths. The first is security: With the outside of AIG, the recession life insurance companies that survived the credit crunch and excellent financial condition. Second, the costs continue to decline: competition and longer life expectancy are driving all life insurance PO licies costs down, including people over 50 years old.

Northwestern Mutual Life insuranceInsurance project, a 50-year-old man who buy now and keep the policy until the age of 85 will receive a 4% tax-deferred and 60-year-old who, until 85 will hold 3.25%. This appears to be low, but these are based on today’s paltry bond yields conservative assumptions (no guarantee). If investors demand or inflation push up bond and mortgage yields, and keep them high, the cash value of your policy will exceed those projections. It is a declining interest rate policy gains depressed 2000s and more recently in the last year.

A safe place for savings

Also called for a permanent life insurance do not have time to recover investment losses in the case of another network connections, people who avoid the risk of financial collapse.

Before the expiration of his term of policy, project director Jim Ardito Philadelphia, aged 58, chose the life of the policy. He plans to work another ten years at least, like the establishment of guaranteed cash value concept. When Ardito pay a sum of $ 40,000 paid-up life from New York $ 100,000 policy, he was 55, in October 2009 he bought a $ 200,000 policy, the annual premium is paid $ 10,800 per year. He paid an additional annual greater policy and therefore will pay off when he retired – he hopes will be in ten years – and its guarantee stay with the team of his life

Ardito there are other retirement savings, do not expect quickly tap the cash value insurance. He’s content to wait for the opportunity, because when he saw his ˚Friends of investment (as well as some of his own), in 2008 and 2009, whipped, left his life in trouble. “At first, I was told, I was invested like an old man,” he said. “But now, they think I’m a genius.”

Limited pay policy – you pay a higher premium than teenagers – is popular among those who want to become preretirees time ends their option premiums obligations retirement date. It costs between 50 years and 60 times too much, every year a 10-year payment plan may double the regular premium you’ll pay more than your life. However, to put more into the pot early, your cash value faster compound.

Diversity life insurance

Cash valueIt can also be a good investment. This is because whole life insurance policy is unconnected to the stock market. You can think of it as the configuration of your overall portfolio in cash or bonds, so that you can with stocks, commodities or real estate in your IRA, 401 (K), or taxable brokerage account more aggressive.

Bill Stein, aged 63, first bought a small Northwestern Mutual whole life insurance policy, he was 39, he joined the more coverage so many times his original $ 50,000 the death benefit is now $ 10 million and he has built more than 1.5 million of the cash value of $. Bill would make more money, at least for a time, in different stock market and real estate boom. However, he was content because the steady growth of the cash value of insurance to help him find the rest of his life in comfortable taking risks. As a software entrepreneur in Dallas, PA He has produced an irregular income, but ultimately the success of several start-up companies at room temperature. Insurance is his cornerstone. “When you have that foundation, you can make a lot of choices. As an entrepreneur spirit, I can continue to roll the dice,” he said.

Bill has a young wife and a 13-year-old daughter, so his first task has evolved from support enterprises to take risks in order to ensure after his wife and his daughter’s financial future, he died.

Instant credit line

cash value insurance is credit card or home equity line of alternatives to borrow money from other sources. When Bill borrowed cash value life insurance twice against him, he took longer than he expected to sell the house – and both times he gave him to repay the loan after Polić Ÿ, he closed the sale. Policy loans instant credit. (Remember, the expression?), You can borrow your total premium paid, and no questions asked, fax or call an insurance company and request a check or wire transfer.

In addition to speed, there are two huge advantages of these loans: no one runs a credit check or contact rate to your credit score. And you do not have to repay any money plan. But there is no penalty if you are not 59 In addition, it is not a taxable event, such as the IRA or 401 (k) withdrawals.

Policy lending is not a totally free ride. They tend to accumulate interest5% ~ 8%, and the unpaid principal and accrued interest paid to your survivors from death benefits or cash value, net of a policy to stop you if you take away. So, it is best not to over-borrowing. However, every insurance agent is someone who sees himself through a family emergency, without the assault story retirement funds. You do not have to beg for a banker to approve a loan, you are retired and your income is lower after the open.

Security protection

Credit and investment issues does not take away from the number – one and number, there are two reasons of advanced age Life Insurance: Protect your family, or your business, your death, and to provide tax-free money to pay real estate taxes, if your survivor will inherit enough to owe them. You can also enable the organization to ensure that the beneficiary name gift for your school or charity.

Have life insurance policy a lot of confusion of moving parts. However, in general, increase your cash value of your death benefit can grow up. Death benefits you see predicted in the original policy or guarantee illustrations are not binding, but it is certain that what began as a $ 100,000 policy will pay your family is more important is that if you buy it when you’re 60 and goodbye 90

Multiple Sclerosis end Charles Silberman’s career as periodontal disease. Only 55, Silberman no longer work. However, he got close to match his old monthly income checks. The reason: a disability insurance policy

Silberman buy coverage when he’s in good health. He did not want his wife and four children will face what he did as a teenager when his father became disabled and unable to work opportunities. After the policy, he cut his playing time and his income fell by 20%. Today, the policy to replace most of his income. “We have been able to maintain our hospital Uz, lifestyle and standard of living,” he said.

You might have homeowners insurance, you might have life insurance. However, if you are still working, you have to protect your income is how much? Disability insurance replaces part of your income, if some kind of illness or accident prevents you from working.

You can purchase a comprehensive policy, if you are self-employed or if your employer covers the supplementary scheme thin. These policies pay a monthly allowance if you can not work at all, and the benefits of some of the charges part of, if you can only work part-time. “Disability insurance is not for you, this is your family do not have to deal with the consequences of” breadwinner disability Connie Golleher said that in the company Holleman, chief operating officer in Chevy Chase, Maryland insurance consultants.

Income protection is particularly important if you are over the age of 50, when you could probably sprint build retirement savings. This is also the age of health problems is likely to accelerate in the senior vice president who manages disability insurance products, Metropolitan Michael · Fradkin said. The most common disability claims MetLife receives from the age of cancer, arthritis and inflammation of the joints, back strain.

Most states require employers to provide disability insurance for weeks or months. Many employers do not provide coverage for more than that. Golleher said that even companies that provide coverage tends to obscure the long-term income is only 50%. Some publicDivision option, group rates and do not purchase additional insurance coverage, so you do not pass a medical examination.

Bought by a group, including professional associations or AARP, you can save money, William Franklin, a certified financial planner, its Hunt Valley, Md., Said the company helps customers buy disability and other insurance products. Group plans a better deal for women because individual policies cost them more than 35% to 40% of people pay the same coverage. Group on covered interest rate is usually the same for men and women.

If you can not get group coverage, you need to go to each market. It is best to find a reliable broker to guide you. “You have multiple companies by calling the same characteristics as a different name,” Franklin said.

In general, when you are old you buy the coverage, the higher the premium. A strategy to pay $ 5,000 monthly benefit ~66 years as the age of 55 healthy men may spend $ 3,840 per year; the same policy costs $ 2,228 to a healthy 50-year-old man. For healthy women, it cost $ 5,429 55-year-old woman 50-year-old policy might cost $ 3,389’s.

Premiums declined 1.1 60-year-old, six years because the benefit period is so short. This is a man and a woman $ 2726 $ 3385.

Reported that the availability and price depends on your health, your age, whether you smoke and other factors. Pricing also depends on your income level and profession you want to replace. I want to take a basic medical examination. Insurance companies may exclude any past medical history, add a surcharge to cover those with health problems or deny the reports.

Policy TYpically coverage of up to 50% to 70% of total revenue. The amount of insurance you need your handbag fees and other sources of income to calculate. In addition, the figure the length of time to receive monthly benefits. There are other things to consider:

Definition of disability definition of disability insurance companies in different ways. If you can not complete your duties some of the charges “own occupation.” Other people only when you can not fulfill payment duties “any occupation.” A little more expensive, “owner-occupied” policy is preferred because they provide broader protection.

Benefit period. benefit periods are when you choose to accept a monthly subsidy amount. Common benefit period runs from 5 years to 65 years to 67 years or life. BenefiT a longer period will increase your monthly premium. Benefit period to match your expected retirement age.

Remaining in coverage. This function allows you to work part-time or low-wage work in the other, also collected benefits to make up for lost revenue. While some policy criteria, the residual benefit may be added as the other riders. Another perk: This feature is part of the loss of income benefits based on pay, even if you do not have total disability initial stage,

A “irrevocable” policy you want to cover, the insurance company can not cancel, and they will have to renew every year at the same price. If this is not the only policy to a “guaranteed renewable” coverage is less expensive upfront, but premiums may rise.

Elimination PERIOD. This is the waiting period, or the number of days you are disabled before benefits begin. You usually get the best rate for 90 days. Reduce cycle to 60 days can result in a 50% surcharge.

You can add other drivers. One is the cost of living, an adjustment, but if you’re in the fifties or your spouse works is inflation protection may not be necessary. Another is the future purchase options, allowing you to buy add to your income range, without going through underwriting again. With his policy, Silberman includes two types of drivers, and even his salary premium life insurance policies.

Other riders or strategies can help you maintain your retirement plan contributions, to provide long-term care benefits or converted to Weng long-term care policy. Avoid policy, if you are disabled for a particular condition, such as cancer cover income – you’d better have an overall disability policy. Consumers should also be aware of what triggers a specific policy or rider.

In addition, although tax benefits payable under the policy provided by the employer, benefits from a single policy is generally tax-free, as long as you pay the premium after-tax dollars.

Make sure you choose the insurance company will invest the highest rating from AM Best Company (www.ambest.com), Moody’sThose services (www.moodys.com) or Standard & Poor’s (www.standardandpoors.com).

I am a 58-year-old federal employees, and I am considering is registered as long-term care insurance plans of federal employees. It is a good deal?

It’s always worth looking at your options, if your employer offers long-term care insurance. Although employers do not subsidize premiums, they bear some of the cost of traditional Medicare the way, you might benefit from a discount on group policies. Some groups plan provided by the employer, ask limited medical problems, which may make it easier to qualify coverage than up, if you buy your own policy.

At the age of 58, you buy long-term care coverage in the sweet spot. People in their late fifties tend to have more disposable income, thanks to higher wages and reduce family obligations when the children leave home. And they are still young enough to purchase long-term care insurance at a reasonable price. Premiums are usually much higher, if you wait until mid to late sixty or older to buy insurance, you get, you can develop a medical condition that makes you uninsurable risk. When you’re nearing retirement, this is a good time to consider how you will pay potentially astronomical costs of long-term care, which does not include health insurance or traditional health insurance. Long-term care can be delivered at home, in community-based day programs, assisted living facilities or nursing homes.

If you or your spouse are a federal employee or active duty service member, now is a particularly good tons IME looking to the federal long-term care insurance plan, the nation’s largest group plan. This is very timely, if you have certain medical conditions, it is eligible to own affordable coverage difficult. See federal program website for more information about who is eligible to policy coverage and how much of the cost.

Federal program to provide an open enrollment period until June 24, which allows people to sign up for coverage than they usually need to answer fewer health problems (called “underwriting referred to” insurance speak). This is the first open enrollment period and simplified underwriting the program since 2002, but you still, if you have chronic diseases, such as Alzheimer’s disease, MUL will not meet the coverage tiple sclerosis, Parkinson’s or other specified medical conditions. You may need to provide additional medical information in certain circumstances (if, for example, youCrutches and / or multi-pronged cane). See the full list of standard application in.

If you are in good health when, but it is worth the cost of federal programs than their cost of buying insurance. (The same advice applies to non-federal workers who through their employers have access to long-term care). Many group policies do not offer discounts or discounts spouse’s health, so you may find a better deal with the policy of personal long-term care. You can by the American Association for Long Term Care Insurance Long-term care experts, you can learn by reading the long-term care and more rate hikes loom and long-term care coverage that you can afford to buy a round of long-term care.

I recently moved to Florida, I’m not familiar with hurricane precautions. With hurricane season about to begin, and now I do to protect my house?

Hurricane season officially began June 1 last until November 30, although the start date is fast approaching, there is still protection can take your storm home and a few steps property.

Buy plywood now. If you want to use plywood to protect your windows, now is the time to prepare – rather than scrambling to try to find an available, and worry about the cut to the appropriate size of plywood as a storm is approaching the store. “Buy now, and have it cut number, and you will know how to put it up,” Scott Spencer, worldwide appraisal loss prevention manager, said d Chubb Personal Insurance. “Cut to the appropriate size – it should exceed the size of the window – and the permanent horse now, so you do not have to think about how to adhere to the wall when the hurricane window protection you want, it is able to withstand shooting in 2×4 60 mph, because this is a storm might look like. ”

Protect your windows and roof. If you’re looking for a more permanent solution, consider installing storm shutters to all windows, including beams and skylights. “A lot of people do just the water side of the house to install storm shutters wrong,” Spencer said. “But the hurricane winds in multiple directions.” Wind and air pressure can enter your home from any direction, and eventually the roof blown off. Have a professional inspect your roof to make sure it is fixed to the walls and foundation, Spencer said.

Eliminate potential projectile. If a storm on the way, look around your yard and the neighbor’s yard for the duration of the storm could become something flying missiles – whether lawn furniture or unstable branch. “We propose to delete all potential airborne objects and put them in your garage or even thrown in the pool,” Spencer said. Before the hurricane season, “estimated that the health of the trees around the house. If you have a large tree branches hanging over your roof, do not wait until the use of wind down.” If your tree damages your house, your insurance will cover the damage, BUt it can cover only $ 500 to $Trees cost of removal. The best insurance to pay any fees, if the tree falls, but do not hit anything, even though it may cost thousands of dollars to haul it away. You see a tree falls in the yard of the details of your neighbors.

Consider a backup generator and leakage mitigation system. After the storm electricity may be to your day, if you have some water damage, it can provide mold in humid summer grow rich place. If you have a standby generator that can automatically keep your air conditioning, alarm system, once the power goes out running and other key projects, you may be eligible for a discount from insurance companies. You can also get a discount, install leak mitigation system will turn off your water supply, and if so, when you’re not home leak – it may be that people vacation homes, the problem is not around to monitor people who may appear particularly valuable

Make sure you have adequate homeowners insurance. Even if the market value of your home fall, the cost of rebuilding your home may have increased in the past few years – and may be even higher, because those global disasters pushing up the cost of building materials. “Means to have occurred, the cost of construction will go a significant number of global catastrophe everywhere,” Spencer said. If the contractor to improve after a widespread disaster in the region of their cost price may reach even more. Make sure that your homeowners insurance coverage is up to date (to www.accucoverage.com run number), look like a hurricane policy provided under an additional 20-50% coverage of special circumstances. If building codes have changed since your house was built, which can take more to rebuild your home. Consider adding “the Buildings Ordinance to cover” your policy, this can be an additional cost to rebuild your home in order to meet the new code. See homeowners insurance to save money on calculating how much insurance you need more information.

Consider flood coverage. flood is not covered by homeowners insurance policy for as many people in the South and Midwest found that in the past few weeks. But you can buy through the National Flood Insurance Program flood policy. There I was waiting for 30 days before coverage effects occur, though, so you can not only buy coverage when a storm on the way. Refer to protect your home against flood-related and financial cover floods and other government itemsDetails of projects to help people with flood damage.

At the June Kiplinger’s Personal Finance magazines, Ford wrote fifty and sixtysomethings should consider purchasing a permanent life insurance rather than term life insurance, if they still need to be covered. Permanent cash value of the policy, such as whole life, offers savings, portfolio diversification, credit and tax-free money when you die you instantly line payment (see Life after 50) in a safe place.

If you buy life insurance, you’re looking for coverage for the rest of your life. So you want to make sure you are from a company’s strategy, it will be for some time. To ensure that these recommendations you make the best personal finance from the coverage, considering the Kiplinger’s June issue :

Person’s life, each company is usually your best bet. As a policyholder, or member, of each other, the value of your cash dividend income, because you are in the company’s investment return and risk selection techniques (or luck) “participation.” Big mutual companies, as guardian, MassMutual, New York Life and Northwestern Mutual, focusing on the whole life and have the highest credit rating. Some former mutual aid, such as MetLife and Prudential, payment of dividends by setting aside a special reserve still sell the dividend policy.

With any other investment, past performance is no guarantee of future results. However, many people compare insurance products way – by looking at the cash value of ten, 20 and 30 years of forecasting assumptions ah EAD – does not make sense, because these predictions (referred to as inset) are not guaranteed. Insurance companies already know the issuer is not possible based on optimistic forecasts of expansion illustration – had not materialized.

Who runs the research Excuse me, Easton, Pennsylvania, to open up the insurance analyst Roger Excuse me, say a better idea is to go back and look, from different insurance companies is similar to whole life policy, look at the total how to pay the premium has translated into a cumulative cash value today. (He assumes dividends reinvested). There Excuse me during the past 20 years, the national business rankings in return, sold to a man in 1991 who was an annualized 55 years old policy:

– Northwestern Mutual, 4.44%
– New York life, 3.37%
– Thrivent, 3.20%
– Wantong, 3.01%
– The Guardian, 2.62% 

From my former employer health insurance retirees. Insurance companies said that if he is no longer a full-time student, because he was older than 19 I think the new health care reform law requires employers to provide cover children until they reach the age of 26 who can give up my son’s report, right?

Your former employer’s right on this one. Although health care reform law requires most insurance plans depend coverage to adult children until the age of 26, with one exception only retired personnel of the medical insurance plan. Covers only retirees (other than those paid staff or are a combination of existing employees and retirees) health insurance plan to cover not need to rely on to last until the age of 26. The rules

However, some only retirees the plan must comply with the laws of the country reports, it can set different age requirements. Rules depending on whether the health plan “full insurance” or “self-insurance.” Fully insured plans, which are provided by insurance companies, rather than being covered by the employer self-funded, must comply with state laws, some states require graduation to the families of a certain age, usually after the mid-twenties health plan coverage. Rules vary by state and age; refer to the fact that the National Health Kaiser Family Foundation of. “These rules do not require the plan to provide relevant reports, however, if the plan and provide relevant reports, but must meet the requirements of the country,” Pierce said Weaver, Fidelity welfare counseling.

However, many only retiree health insurance plans – especially large enterprises to offer – is considered to be self-insured plans, which means that employers use their own funds to pay claims and the use of insurance companies only to management. In this case, no plans to follow state laws related reports. “But it can hope eligibility requirements set by the employer,” Weaver said. Employers can only provide retirement coverage, no coverage dependent family members may also be covered to 19 years of age or set additional age limits, just as before the adoption of health care reform law, it can be done.

As the insurance company can, in fact, even if your boss is to provide funds to pay claims for self-insurance plans do management, it is not always obvious whether your only retirement plan are considered adequate insurance or self-insurance. Asked the Office of benefits, the rulesSuitable for your plan.

See the last few weeks, photographs of the devastating floods in the South, I would like to know whether any family property insurance coverage after a flood or, if there is any help from the government to people who do not. ” t have flood coverage?

Homeowners insurance typically does not include flood, but you can get through the federal government’s national flood Insurance Program is a special flood policy. If you live in a high-risk areas, your mortgage company may require flood insurance. but even if your lender does not require flood insurance, it might be worth studying there before the commencement of a 30-day waiting period for coverage, so you need to move quickly action, if you want to have a policy of force n during hurricane seaso, this began June 1

Flood insurance can be in the low-risk area is cheap. If you do not have a basement, a preferred risk policy, the annual premium cost can be low to $ 365 per year maximum coverage of $ 250,000 for your home and your property $ 100,000. If you have a basement, the premium increased to 405 per year $. In the moderate risk area, about $ 1,500 more than a year, and similar coverage runs in a high-risk area, the cost of premiums for the year or $ 2,600 FloodSmart.gov have a tool that lets you enter an address and immediately see the flood risk your property, area to provide you with services (you can usually covered by your homeowners flood insurance agent available, too) Acting premium estimates and contact information.

If these range limits are not high enough, you can purchase additional protection (so-called “excess flood coverage”) through your homeowners insurance company to raise flood coverage to match your homeowners insurance coverage. Chubb, these policies firefighters funds and other insurance companies, which also contents (rather than depreciation), and cover some additional living expenses coverage provides replacement value, if you need to, because flood damage to your home temporarily move out. after

Add to cover the cost of sewage to back up your home owner insurance can help you out extra coverage storms that can help Mi The loss supplement. It usually costs about $ 50 per year to $ 10,000- $ 20,0Covering 00 sewage backup, if your sewer back-up, which will protect you or, if water enters your house, because the pump stopped working under your solution. Most home insurance policies will not cover sewage backups do not have this rider.

If you live in the federal government announced the disaster area, you may be eligible for financial assistance from the Federal Emergency Management Agency, any uninsured losses. See the result of tornadoes and flooding the eligible counties in the past few months, it is limited to a list of FEMA federal disaster area. For more information on assistance programs, see the Help FEMA after disaster assistance with FEMA application page.

The federal government declared disaster area residents can also apply for low-interest loans from the Small Business Administration to help cover uninsured damages. Despite the name, SBA disaster loans are not limited to busi nesses. Homeowners can borrow up to $ 200,000 to repair or replace damaged property and other items to pay $ 40,000 damage to personal property, furniture, carpets and disasters. Does the Government consider your credit history and repayment ability, but it is often more lenient than commercial banks. See the link for more information and understanding of electronic applications in the SBA website fact sheets and information pages.

You can not be deducted from tax loss insurance, if the federal government announced the loss occurred in the disaster area, you have the option of deducting the tax loss last year immediately prior to the disaster – which could lead to faster refund. See IRS tax relief in disaster situations page for specific information on the victims for the country and forest KS recent tornadoes and floods more information. See IRS Disaster Assistance and Emergency Relief page for more information, and IRS Publication 547 casualties, disasters and theft.

Finally, see the information learned about the aftermath of the 2008 floods in the Midwest floods also see step how to prepare, you prepare for disaster emergency help.