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Conversation Sets Under $450
CAPIA Conference on Earthquake & Earth Movement on August 25—With an...
The California Association of Public Insurance Adjusters (CAPIA) is hosting a two-day conference on August 24 and 25. The details are as follows: CAPIA Conference on Earthquake & Earth Movement August 24-25, 2022 at Second Home in Los Angeles, CA. Registrants can sign up for day one, day two, or both days. Registration for the... Continue Reading
ACCESSORIES
3 ways to get ready for 2019 Open Enrollment
Open Enrollment starts November 1. Here’s what you can do now to make the application process smoother.
3 easy ways to prepare for 2019 Open Enrollment
- Gather everything you need before you apply. When you apply for or renew your coverage, you’ll be asked to give household, income, and current coverage information. Save yourself time and stress by reviewing this Marketplace checklist (PDF) in advance to make sure you have everything you need.
- If you have 2018 Marketplace coverage, review your current application to make sure it's still accurate. If it’s not, update your application with any income and/or household changes. If you don’t update your application, you might not get the right amount of premium tax credit or other savings. Starting November 1, you can access your pre-filled 2019 application based on the information you gave for 2018.
- Set an Open Enrollment deadline reminder. Open Enrollment ends December 15. If you have a 2018 Marketplace plan, you may be automatically enrolled in the same plan (or a similar one) for 2019 if you don’t act by the deadline. This may not be your best option, so be sure to compare all available plans. Mark December 15 on your calendar so you don’t miss out on a plan that may be a better fit for you for 2019.
The deal with geyser timers
Ever wondered if switching off your geyser will actually help you save on your electricity bill? We didn’t know this, but apparently it’s a polarising topic… Some people are vehemently against the idea, saying that all the power you think you’re saving by turning the geyser off is sucked right back in when it goes back on, while others swear […]
The post The deal with geyser timers appeared first on King Price Insurance.
WINDOWS PHONE
2 steps to ‘reconcile’ your premium tax credit on 2018 taxes
If you had a Marketplace plan and used advance payments of the premium tax credit (APTC) to lower your monthly payment, you’ll have to "reconcile" when you file your 2018 taxes.
Step 1: Check Form 1095-A for accuracy
Make sure your coverage and household information on your Form 1095-A is correct. If anything is wrong, contact the Marketplace Call Center.
Also, check your SLCSP by looking at Part III, Column B of your 1095-A, titled “Monthly second lowest-cost Silver Plan (SLCSP) premium.”
The SLCSP premium is incorrect if:
- Part III, Column B has a “0” or is blank for any month someone in your household had the Marketplace plan.
- You had changes in your household that you didn’t report on your Marketplace application — like having a baby, moving, getting married or divorced, or losing a dependent.
If either situation applies to you, use our tax tool to get your correct SLCSP premium.
Step 2: “Reconcile” your 2018 taxes
Now that you've made sure your SLCSP premium is correct and your coverage and household information is accurate, you’re ready to file.
LATEST ARTICLES
CAPIA Conference on Earthquake & Earth Movement on August 25—With an Appraiser and Umpire Certification Class on August 24
The California Association of Public Insurance Adjusters (CAPIA) is hosting a two-day conference on August 24 and 25. The details are as follows: CAPIA Conference on Earthquake & Earth Movement August 24-25, 2022 at Second Home in Los Angeles, CA. Registrants can sign up for day one, day two, or both days. Registration for the... Continue Reading
How Not To Win A Bad Faith Hail Damage Case
If you want to win a bad faith case, you better hire attorneys that are contenders and not pretenders. Bad faith cases are not easy, and the term is overused by those ignorant on the topic. Larry Bache told me a story about a relatively new attorney from another firm on the speaking circuit who... Continue Reading
What is The Role of The Appraiser In An Insurance Appraisal? What is The Role of The Umpire?
The proper and ethical role of an insurance appraiser and umpire has been on my mind as I prepare my presentation for next week’s P.L.A.N. Appraiser & Umpire Certification Conference in Denver, Colorado. I am certain everybody reading this post who has participated in an appraisal thinks they have the correct opinion of these roles.... Continue Reading
A $44 Million Verdict After Wrongful Denial of a Boiler and Machinery Claim—Yet No Bad Faith?
How often do insurance companies shop for a new opinion looking for a way to deny coverage of a large loss? This was the situation in a recent trial which resulted in the insurer being liable for $44 million. The facts summarizing the “shopping” for a new expert opinion regarding a boiler and machinery loss... Continue Reading
Larry Bache To Speak at Windstorm Insurance Network Western States Case Law Review
The Windstorm Insurance Network is a unique insurance claims organization because it insists on providing competing insurer and policyholder positions regarding claims issues. Long ago, in 2008, I discussed the history and philosophy of the Windstorm Insurance Network in The 2009 Windstorm Insurance Conference: The Windstorm Insurance Conference was founded nearly a decade ago by... Continue Reading
What Are the Rights of a Simple Loss Payee?
Loss payees are supposed to be included on payments of claims checks. Depending on the language of the loss payable clause, that might be the only right a loss payee has. A recent federal decision from Alabama reinforced a post I made 12 years ago in Loss Payable Clauses and Standard Mortgagee Clauses: Know the... Continue Reading
Catching Up On Summer 2022 Along The Jersey Shore, Ohio Limitations on Punitive Damages In Bad Faith Cases and Colorado Appraisals
If you have not been to the Jersey Shore in the summer, you have missed out. My mother grew up in Philadelphia and always talked about going to the New Jersey beaches in the summertime. Following Superstorm Sandy in 2012, I lived and worked in New Jersey and greater New York City. Two of my... Continue Reading
Alarm Bells Should Be Ringing For Anyone In Louisiana With An Unresolved Insurance Claim Stemming From Hurricane Laura
August 27th marks the two-year anniversary of Hurricane Laura’s landfall in Southwest Louisiana, and besides bringing back a lot of painful memories, that means it will be the last day to bring a lawsuit against insurers for damages caused by that storm. If the claim is not resolved prior to August 27th, and no lawsuit... Continue Reading
Forum Selection Clauses in Excess Policies
Forum selection clauses that designate where lawsuits must be brought are becoming much more common in surplus lines carriers. These are often inserted by surplus underwriters and can cause a great deal of extra expense to a policyholder having to litigate in a faraway place. A recent example is a case where a Napa vineyard... Continue Reading
Calculating Actual Cash Value and Depreciation in California
Stemming from the McCarran-Ferguson Act of 1945, insurance is regulated by the states. Knowing variations of the law and regulations is a necessity for insurance professionals crossing state lines. These state-by-state variations in law include the basics, such as determining replacement cost and actual cash value. Check out Chip Merlin’s recent blogs, The Devil Is... Continue Reading
HOT NEWS
Life Insurance Medical Exam Ultimate Guide
A Guide to Life Insurance Medical Exams When you purchase life insurance coverage, you will likely be asked to have a medical exam. The insurer will determine how much of a risk you are, first with an interview followed by a physical exam administered by a medical professional, typically a paramedical, such as a nurse. […]
The post Life Insurance Medical Exam Ultimate Guide appeared first on EINSURANCE.
