Insurance Coverage

Umbrella Insurance in Cincinnati

Thursday, June 23rd, 2011

Are you looking for an umbrella insurance policy in Cincinnati? Call 513-662-7000. We offer both commercial umbrella insurance and an umbrella for your personal insurance needs.

What Is an Umbrella Insurance Policy?

An umbrella policy is simply an extra layer of insurance coverage that sits on top of your base coverage provided by your car, home/condo/renters, boat, motorcycle, or ATV insurance.

The umbrella insurance policy may be used when the underlying liability limits have been exhausted.

Let’s review an Umbrella Insurance Scenario:

Your newly licensed 16-year-old son, because of a lack of experience causes a car accident and injures two people. The first person suffered only minor injuries but the second person named Bobby was seriously injured and suffers a permanent disability due to the car accident and can no longer work at his profession.

Bobby files a lawsuit against you as the parent, seeking $2 million due to his injuries and his loss of employment income. A judgment is assessed against you for $2 million.

This Is How an Umbrella Insurance Policy Works

Let’s assume that your base coverage limits of your car insurance policy are $500,000. (Many companies require a minimum of $250,000 per person, $500,000 per accident coverage for liability insurance. In this instance we’re assuming that the company required $500,000 in combined single limit liability coverage.)

So in this instance the $500,000 of base liability coverage on your car insurance policy goes toward the $2 million judgment and at that point your umbrella policy kicks in.

If you have a $2 million umbrella policy, $1.5 million is paid from the umbrella making a $2 million payout.

Umbrella Insurance in Cincinnati Is Very Affordable.

If you’re considering an umbrella insurance policy in Cincinnati they are much more reasonable than you may think. A $1 million umbrella policy could cost you as little as $140 per year.  You can read this additional article on why umbrella coverage is important by clicking here.

Call 513-662-7000 to Speak with the Umbrella Insurance Experts in Cincinnati

Medicare Supplement Insurance in Cincinnati

Wednesday, June 22nd, 2011

Are you searching for information about Medicare supplement insurance in Cincinnati, or looking for a no cost Medicare advantage plan in Cincinnati? Please call 513-662-7000 with questions or to receive information.

Medicare in Cincinnati

If you are age 65 years or older, or under 65 with certain types of disabilities you may qualify for Medicare insurance. There are three different parts to the traditional Medicare insurance program.

Medicare Part A is Hospital insurance which covers inpatient care in hospitals. Additionally it helps cover skilled nursing facility, hospice, and home health care.

In reference to a skilled nursing facility the first 20 days the Medicare patient pays nothing. The following 80 days your deductible is $141.50 per day, Medicare pays the balance. Admission to a skilled nursing facility must occur within 30 days of a hospital confinement of three or more days; it needs to be an extension of the hospital treatment; it must be for daily skilled nursing and or therapy services which can only be provided on an inpatient basis. You should be aware that there are more terms and conditions and restrictions than what are indicated in this article.

Medicare part Badditionally helps to cover doctor services, hospital outpatient care, and home healthcare. Furthermore it covers many preventative services.

Medicare part D is prescription drug coverage and it helps to cover the cost of prescription drugs or lower the cost of prescription medication.

Medicare Supplement Insurance in Cincinnati

A Medicare supplement insurance policy is one that is designed to supplement original Medicare. It is underwritten by a private insurance company and it is meant to pay some of the gaps that traditional Medicare will not. Medicare supplement insurance is sometimes referred to as Medigap plans. There are 10 different Medigap plans in Ohio. We can help you choose the best Medigap plans in Ohio based on your individual circumstances. Call 513-662-7000 to speak with a representative.

Medicare Advantage Plans in Cincinnati Versus Traditional Medicare and Medicare Supplement Plans. Which Is Best?

A Medicare advantage plan in Cincinnati is an option to traditional Medicare, and it may be somewhat similar to traditional health insurance plans that you may be accustomed to. A Medicare advantage plan may offer doctor co-pays and prescription benefits. Medicare Advantage Plans in Ohio differ from company to company and there is no universal standard of coverage as is true for Medigap plans in Ohio.

Which Ohio Medicare Plan Is Best for Your Circumstances?

Call 513-662-7000 and speak with one of our professional agents that can provide vital information to assist you in your Medicare decisions.

Long Term Care Insurance in Cincinnati

Tuesday, June 21st, 2011

Are you looking for Long Term Care Insurance in Cincinnati? Contact the long-term care insurance experts of Cincinnati by calling 513-662-7000.

Do I Really Need Long-Term Care Insurance?

If you have financial assets to protect you should definitely consider purchasing long-term care insurance. The reason why it’s important to consider investing in a long-term care insurance policy is that it can safeguard your investments and savings from being depleted due to the expense of a long-term care. A lifetime of savings can be wiped out in a fairly short period of time for nursing home care.

What Does Nursing Care Cost in Ohio?

According to a study completed by Genworth Financial the annual median cost for a stay in a nursing care facility for private room is $76,650 per year. A semi private room runs about $69,350 per year. If you were to hire a homemaker service, or a home health aide, that might cost as much as $41,367 per year. A lifetime of savings could be depleted in just a few years.

Long-term care insurance is a means to safeguard your assets that you may need to use to live on in later years. Long-term care insurance is a method to transfer the risk to the insurance company much in the same way that you transfer risk to the insurance company on your home or cars that you own.Without long-term care insurance or substantial financial assets, a loved one will not be able to afford to stay in the best nursing homes in Cincinnati.

What Long Term Care Insurance Company in Cincinnati Is Best?

There are a number of insurance companies offering long-term care insurance in Ohio and it’s best to work with an independent insurance agency that is not restricted in offering long-term care insurance from only one company.

Call 513-662-7000 to Receive a Long Term Care Insurance Quote in Cincinnati.

Disability Insurance in Cincinnati

Monday, June 20th, 2011

Are you looking for disability insurance in Ohio? Disability insurance is a very important coverage, yet it is the least likely type of insurance purchased by consumers. If you would like to discuss your disability insurance needs please call the disability insurance experts of Cincinnati at 513-662-7000.

What Is Disability Insurance?

Disability insurance simply provides a predetermined income to the policyholder if they are no longer able to work due to an accident or illness. Some employers provide group disability insurance for their employees. If you have group disability insurance it can come in two different types. You can have group short term disability insurance and long term disability insurance.

Disability insurance can also be purchased individually yet most people don’t even consider purchasing disability insurance in Ohio despite the fact that a person’s chances of being disabled 90 days or more prior to age 65 is greater than a person’s chance of death! The 2004 Field guide from the National Underwriter states that at age 40, your chances of becoming disabled for 90 days or more prior to age 65 is 43%.

If You Become Disabled How Will You Pay Your Bills?

In the event you developed an illness or an accident caused you not to be able to earn employment income for six months, how would you pay your bills? That’s where disability insurance comes in. Disability insurance can provide you the necessary income that you need to financially survive.

Prior to the current real estate crisis, the number one reason why someone would lose their home is due to a disability!

Can You Purchase Disability Insurance to Cover a Pre-Existing Illness That Could Lead to a Disability?

The likely answer is no as disability insurance is fully underwritten by an insurance company, but just to make sure contact our office to discuss your disability insurance needs. Our office number is 513-662-7000 or you can send an e-mail to Jack@pathwayinsurance.net

In a future article we will discuss the various types of disability insurance policies available in Ohio, Kentucky, and Indiana.

Want to Find the Best Disability Insurance in Cincinnati? Call Pathway Insurance at 513-662-7000

Will My Cincinnati Car Insurance Policy Allow Me to Lend My Car to Another Person?

Thursday, February 24th, 2011

Are you looking for insurance in Cincinnati? Call our Cincinnati insurance agency our local number is 513-662-7000 or click here to receive your Cincinnati online insurance quote.

In our last article we discussed the fact that some Cincinnati car insurance companies do not allow you to give permission to another person to drive your car. (If an accident occurs with this restriction in your Cincinnati automobile insurance policy the company would have the right to reject your claim.)

How do you know whether or not this exclusion is in your Cincinnati car insurance policy?

Any restriction or exclusion of coverage for car insurance in Cincinnati is going to be listed in the exclusion section of your personal automobile insurance policy.  To learn whether or not this exclusion or restriction of coverage is in your policy, you need to read your policy!

Have you ever read your Cincinnati car insurance policy?

The average person probably will never take time to read their insurance policy.  Even if you read your policy from cover to cover would you understand it?  Insurance policies are written in a foreign language to most of us, they are written in legalese.  The language of attorneys.

“Last year more than 300,000 individual complaints were filed against insurance companies.”

Would you like to hazard a guess on the top two reasons why consumers file complaints against insurance companies?

1. Claim Denials
2. Claim settlement offer less than expected

If you buy insurance in Cincinnati you need more than a good price, you need advice. ™

Insurance is often misunderstood and the end result for you as a policyholder could be a claim denial.

We are the only insurance agency in Cincinnati to offer this unique educational service to Cincinnati policyholders.  You can call our office at 513-662-7000 to learn more about this educational service. (It’s a free service available only to clients of Pathway Insurance.)

In our next article we will share more details with you about this unique service.

Why should you choose our Cincinnati insurance agency?

We offer great rates on insurance in Cincinnati, but we think that great rates are absolutely worthless to you as a policyholder if you get a price without any advice. ™

Pathway Insurance Services Inc.
513-662-7000