Do insurance companies make money from natural disasters?
Each year, the companies take about a third of the premiums they collect as fees for running the program. Those fees come to about $1 billion a year, acco...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
Does my parents homeowners insurance cover my apartment?
If you are living in the same unit with your parents, the answer would be yes, your belongings are covered by your parents’ policy since the definition of...
Read More →Does your insurance go up for a hit and run?
Your car insurance rates will not go up after a hit and run accident. Typically hit and run accidents result in never finding out the identity of the othe...
Read More →What does the Health Insurance Portability and Accountability Act protect?
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that required the creation of national standards to protect sensi...
Read More →Can you cancel insurance right after a claim?
Can I cancel my insurance if I’ve made a claim? Yes, you can. If you’ve paid upfront though, you probably won’t be eligible for a refund. If you pay by mo...
Read More →How long does it take to get an insurance claim paid?
As Cover.com points out, the insurer really wants to get your claim settled as quickly as they can. In general, this means they’ll have a goal to have the...
Read More →Does auto liability have deductible?
Unlike health insurance plans where consumers plan covers all types of medical care, car insurance policies are actually broken up into multiple types of ...
Read More →What are the 3 types of custard?
Generally based on milk solids and starch, there are three main varieties of refrigerated custard: premium, regular and low-fat. What is a custard dessert...
Read More →At what age should you purchase long term care insurance?
Most LTC claims begin when people are in their 80s. Because of that, somewhere between ages 50 and 65 is generally the most cost-effective time to buy. Th...
Read More →When do SSDI and SSI disability recipients get their money?
Recipients of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are starting to receive their third stimulus payments. (A...
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