Health insurance terms you need to understand

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Choosing a health insurance plan is one of the most stressful things most people do every year. So much depends on getting it right. It could be the greatest insurance globally, but if the deductible is so high you never get it to cover anything, it doesn’t do you much good. It also has to be affordable because no one wants to be insurance-poor. At Affordable Insurance Inc in Mountain Home, AR, we have 25 years of experience providing the personal care all of our customers deserve and have come to expect. 

Deductible

The deductible on a health insurance policy is the amount you must pay out of pocket before your health insurance coverage begins. High deductible policies can be very high and even mean nothing will get paid by your health insurance. Basically, it protects you from catastrophic illness or accidents. 

Copay

The copay is your portion of the covered service you receive. Your insurance pays the agreed-upon amount, and you pay a copay.  

HSA/FSA

These are health care savings accounts that allow you to put money into an account before paying taxes on them. The money can be used to pay the medical expenses you have in your deductible or copay. 

Network

The network is the providers contracted with a particular carrier to provide services at an agreed-upon price. With most health insurance types, you either use specific services within the network or will get the best price for using other services outside the network. 

HMO/PPO

An HMO and a PPO are both types of managed care health insurance. The basic difference is in a PPO, you can go outside the network for services, but you will pay more. If you go outside the network in an HMO, the service will most times not be covered. 

Contact Affordable Insurance Inc in Mountain Home, AR, when you have health insurance questions. 

Will Auto Insurance Cover Belongings in the Car?

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Many drivers in Mountain Home, AR assume that their car insurance will have them covered if anything is stolen from their car. This is a common misunderstanding, but the truth is that it’s actually your home insurance that will protect your belongings through the off-premises policy. If you don’t own your home, these possessions may also be covered through renters insurance or condo insurance.

Any possessions that your car insurance will cover will be permanent fixtures in the car, and only if your auto insurance policy is updated to reflect those additions. If you put expensive leather seat covers in your car, for instance, and let your auto insurance provider know about it, that would be added to the car’s total value and would be covered by your insurer as long as you have the appropriate policies.

If a Blu-Ray player is stolen from your back seat, on the other hand, that’s going to be handled by your home, renters, or condo insurance provider. Your auto insurance provider will cover your car through collision and comprehensive, and they will cover damages for which you are held responsible through liability. The possessions inside your car are going to be covered by another insurance policy.

If you have any questions or looking to get coverage for your car in Mountain Home, AR, get in touch with Affordable Insurance Inc. At Affordable Insurance Inc., the idea is to connect drivers with a great policy at a price they’ll like. Call or get in touch through the website and see what we can do for you.

Does Having a Swimming Pool Affect My Homeowner’s Insurance?

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If you’re like many Mountain Home, AR residents, you want a way for your family to keep cool and have fun in the warmer months. While owning a swimming pool can be a great way to accomplish this, it can make a difference in how much you’ll pay for coverage. Please keep reading to learn more about how swimming pools affect your home insurance rates with this guide from our team at Affordable Insurance Inc.

The Risk of Having a Swimming Pool

When determining rates, most home insurance companies look at the risk of insuring your property. If there’s a higher chance you’ll eventually submit a claim, you’ll pay more for premiums.

That said, swimming pools are what companies refer to as an attractive nuisance. What this means is that having one in your yard means that it might be attractive to an unsupervised child, who could get into the water unsupervised and easily become injured or die. Homeowners are always encouraged to take precautions like putting up fencing and using gate locks, but this might not be enough.

Does Home Insurance Include Swimming Pools?

With some insurance carriers, pools are automatically included in the policy. But this isn’t always the case. That’s why it is important to tell your agent if you’re installing one, whether it is in the ground or just a temporary above-ground type so that your policy can be adjusted.

Furthermore, it is a good idea to increase your liability coverage if you’re adding a pool to your backyard. Having additional coverage if an unfortunate accident can help save you from a costly lawsuit and protect your overall financial wellbeing.

Are you ready to learn more about purchasing homeowner’s insurance in Mountain Home, AR? Please contact us at Affordable Insurance Inc. today to schedule an appointment.

 

Why Commercial Auto Insurance Is An Asset

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Affordable Insurance Inc. serves the Mountain Home, AR community by helping residents find insurance coverage. We strive to make sure that our clients find policies that align with their needs. Our success was built on providing quality service with integrity.

Why Commercial Insurance Is An Asset

As an Arkansas small business owner, you must protect your investment. Commercial insurance covers your business against potential damages to your physical property, as well as your equipment. The policy also covers your business against potential liability risks. You will be protected if one of your customers is injured on the premises. Workers’ compensation protects your business if an injury in the workplace occurs. If professional transportation is an important part of your business, consider the benefits of commercial auto insurance.

Commercial policies provide similar coverage to traditional policies. You will be covered if your business vehicles suffer damages due to a collision. You will also be protected if you are a victim of theft. Liability coverage protects you if your business vehicle causes damage to someone else’s property.

You can get comprehensive coverage to protect your vehicle against the risks of natural disasters, such as tornados or fires. The policy also covers your vehicle if someone vandalizes it. Uninsured motorist coverage protects your vehicle if you are involved in a collision with another driver who is not insured. During emergencies, commercial auto policies provide security. If you are having engine troubles or a flat tire, you can ask for roadside assistance. You are also covered if you need towing services.

Affordable Insurance Inc. Will Help You Secure The Future Of Your Business

Visit our website today to learn more information about commercial insurance.

Notice to our customers

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Notice from Affordable Insurance We are here to help you. We are open currently to service your insurance needs. Due to health directive our operations have been changed temporarily during this time. To protect the health and safety of our employees and community, our lobbies will not be accessible effective 3-20-20 until further notice due to the COVID-19 Pandemic. We encourage you to call us for service 870-425-6079. At our Mountain Home and Flippin location you can drive up to the parking lot, call 870-425-6079 and someone will service you. At this time, we can assist your needs and come out to your vehicle if necessary. If you need to drop off payments, call 870-425-6079 and speak to a representative for instruction.  A drop box will be provided at the Mountain Home and Flippin location. You must call 870-425-6079 at the time you are dropping off the payment. A staff member will pick it up immediately once dropped off. You can also make a payment using our website www.affordins.com. At the Harrison location use the drive through service. Following recommendation from the CDC on social distancing and limiting public gathering, we feel this is the best course of action for the well being of our customers and staff. If you have questions or need assistance, please feel free to call us at 870-425-6079 and one of our team members will be happy to assist you. You may also visit us online www.affordins.com We appreciate your patience and understanding during this trying time for our nation and communities. We value you as our customer. We pray for health, peace and comfort to you and your families during this time.