New Report Looks at Earthquake Claim Denials in States like Oklahoma
According to a new report released recently by the Federal Insurance Office, only 8 percent of earthquake damage claims filed in Oklahoma were paid in 2014. Why are so many Americans who purchase these earthquake damage policies having their claims denied? According to Bloomberg News, it’s because most of these policies only cover “naturally-occurring” earthquakes–not […]
Insurance Company’s Decision On Emergency Medical Flight Raises Eyebrows
One particular legal doctrine known as “officious intermeddler” appears to be making an appearance on a regular basis when it comes to healthcare and associated claims. An officious intermeddler is one who interjects themselves into a situation without first obtaining permission and then seeks compensation for doing so. In the context of healthcare, this can be […]
Bad Faith Insurance & Fine Art
Not only does insurance apply to homes, injuries, cars, and other property, but it also applies to fine art. With fine art insurance, companies typically provide coverage for the collector, museum, organization, dealer, etc. These insurers pride themselves having a special understanding of the quality and value of fine art, and this special understanding is […]
Buyers Beware: ‘Tis the Season for Auto Warranty Scams
It’s that time of year again; when scam auto warranties telling people that they need to ‘take immediate action and purchase an extended car warranty or else they’ll be in trouble’ arrive in mailboxes. This has become such a serious issue, in fact, that the Federal Trade Commission (FTC) recently had to take action against […]
Can Oklahoma Health Insurance Premiums Spike In Response To Fine?
This month, Blue Cross Blue Shield announced that it intends to increase all individual Affordable Care Act compliant plans by 76 percent, after the company recently faced a hefty fine ($3 million)—the largest in state history, in fact–from the Oklahoma Insurance Commissioner for providing “poor customer service” (specifically, for issues arising out of billing and […]
The Five Most Important Aspects of a Car Warranty
Even though most new cars come with standard warranties attached with the purchase, many people buying or even contemplating buying a new car end up having to figure out if they should purchase an extended warranty (also known as a “service contract”), and should take a variety of factors into account when making this decision, […]
The Myth of “Certified Pre-Owned” Cars & Warranties
If you are thinking of purchasing a pre-owned car, it is absolutely essential that you know what the “Certified Pre-Owned” (CPO) designation means first, as many people buy CPO cars only to find out that the cars have many problems, which consumers are shocked were not discovered during the CPO inspection. Many have termed the […]
What Might Surprise You about Your Roof Warranty
For most homeowners—especially those who live in Oklahoma and weather severe storms—it’s not a matter of whether you’ll need to replace your roof, but rather, when. But while you likely obtained a limited lifetime warranty in the event of needing new roofing materials within the first ten years of installation, it is important to note […]
Earthquake Insurance Claims in Oklahoma
The huge earthquake that occurred in Pawnee in September has many Oklahomans once again talking about getting earthquake insurance; however, it is important to note that, when it comes to earthquake insurance, insurance companies will often say that any settlement, as well as damage caused from settlement, is excluded under any and all earthquake policies. […]
Your Options When Life Insurance Premiums Are Raised Unreasonably
Many people decide to purchase universal life insurance policies so that if anything happens to them, their families will be taken care of. But what do you do when your life insurance company decides to undergo massive rate increases? Policyholders are often caught in a tricky situation, as they may not be able to afford […]
