Contact: Dante Thompson
Insurance Group of Nevada Offers Tips to Help You Save on Auto Insurance
Las Vegas, Nevada – November 16, 2020– Purchasing the auto insurance that is right for you can be confusing, especially for first-time buyers. By learning the basics on how to get the most for your money, you can save on your auto insurance and feel confident you have adequate coverage. Insurance Group of Nevada and Travelers, a leading provider of auto and homeowners insurance, offer these tips to lead you in the right direction when you purchase your car insurance.
Established in 2014, Insurance Group of Nevada is an independent insurance agency offering a full range of insurance products including AUTO, HOME, LIFE, HEALTH, BUSINESS, AND SR22 INSURANCE. Insurance Group of Nevada supports local charities and organizations.
For information and quotes on insurance coverage, please visit
Insurance Group of Nevada at 1415 Arville Street Suite 101 Las Vegas, Nevada 89102 or call 702-996-6434
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. The company’s diverse business lines offer its global customers a wide range of coverage sold primarily through independent agents and brokers. A component of the Dow Jones Industrial Average, Travelers has operations in the U.S., Canada, U.K. and Ireland. For more information, visit www.travelers.com.
As of January 1, 2020 Nevada hospitals can know longer balance bill patients for medical services. Accidents and illnesses can happen to anyone. We purchase health insurance for protection, to protect us from costly medical bills. The average cost of emergency services in Nevada can amount to over $10,000. The average cost of inpatient hospital services can be over $100,000.
There are different types of health insurance available in Nevada. One common form is major medical insurance. Major medical insurance contains things like a deductible, co-insurance, co-payment, and out of pocket maximum limits. These are medical expenses that consumers are responsible for. When consumers purchase major medical insurance they are agreeing to specified terms and conditions. One being the use of medical providers and facilities.
When a health plan member visits an in network medical facility they are agreeing to pay there share of allowable medical expenses. However, before AB469 was passed hospitals would allow non health plan doctors to provide medical services. Providers would submit payment request to a consumers health plan for payment when the health insurance company deny the claim the full amount for medical services is then sent to the patient for payment. This is wrong. AB469 stops non contractor providers with balance billing patients. The only charges patients is responsible for is there share under the health insurance plan the consumer has enrolled in.
Currently, car loans may last as long as four to six years and leases are becoming more expensive. Whether your vehicle is a coupe, sedan, van, sports utility vehicle, hybrid, or truck, your vehicle's value will depreciate very quickly. A rapid loss of actual value accompanied by a longer loan obligation spells trouble.
It isn't unusual for the amount of the unpaid loan and lease balance to become much larger than the vehicle's value. This disparity exists over much of the loan or lease period. Making matters worse is that this gap is usually only discovered after a total loss. After the insurer pays its obligation, you may have to pay the bank or leasing company thousands of dollars out of your own pocket. The situation is an unfortunate side effect of the need to extend financing to accommodate extremely expensive vehicles. However, there are a couple of solutions to the dilemma.
The Auto Loan/Lease Coverage Endorsement
This optional coverage is available from a variety of insurance companies. The form provides coverage for the following:
Generally, this optional coverage excludes items such as overdue lease payments, penalties (for excessive use, abnormal wear and tear, or high mileage), security deposits, costs of warranties or various types of credit insurance, or carryover balances from a previous lease.
Auto Replacement Cost Coverage
For an additional premium, a new car owner may buy coverage to settle major losses based on the vehicle's replacement cost rather than its depreciated value. There are some limitations, such as:
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Normally when you allow someone to borrow your car, they are covered under your auto insurance policy. The exception is when there is a signed driver exclusion notice.
The case of Mills v. Wayne Mutual Insurance Company Mills thought her son would be covered under her insurance policy but according to the appeal filed by Progressive, her son was excluded. Her son did have his own insurance policy, but was not the owner of the car that was involved in an accident it was his mother's car. This case explains one critical component that is often not addressed when shopping for insurance coverage.
At the conclusion of the appeals trial neither insurance company paid for damages, so Mills son was on the hook for damages. Would this case have been different if the mom and son had a knowledgeable independent agent? Independent agents works with multiple insurance companies providing broad coverage options for its clients. Insurance Group of Nevada we carefully analyze all possible gaps in our clients insurance policies and we work to fill those gaps at affordable prices.
Wayne Mutual Insurance Company v. Mills et al., Appellees; Progressive Preferred Insurance Company, Appellant--No. 95CA0091--Court of Appeals of Ohio, Ninth District, Wayne County--July 31, 1996--692 North Eastern Reporter 2d 213.
America waste more things especially food than any other country. April 22nd is Earth Day this day is a day that we can come together as a community to protect our environment.
We all want to live in an environment with clean air, and water. Let's work together protect our environment.
Insurance Group of Nevada is celebrating Earth day by protecting our environment by recycling our old equipment, and excess paper. We're essentially aiming to "go green" for a day.
In the recent Federal court ruling, a Federal judge rejected Trump's attempts to expand access to health insurance plans through associations. In Nevada associations like the Las Vegas Chamber of Commerce include a large amount of self-employed business owners who would not otherwise qualify for a group health insurance plan to finally having the opportunity to purchase a large group health insurance plans for themselves or there employees.
Association health insurance plans in Nevada brings value and quality healthcare to self employed Nevadans. However the ruling cited issues that the ruling violated the authority under the ERISA act (Employee Retirement Income Security Act).
Under the Department of Labor's final rule employers can form associations for the sole purpose of creating health insurance plans.
Insurance Group of Nevada is currently working with our carrier partner Anthem Blue Cross Blue Shield in regards to additional updates on how the ruling will effect current health plan members. Currently existing health plan members are able to continue coverage, however new members may not be eligible for coverage under the association health plan.
How do you decide on the level of liability insurance limits? Car accidents happen and can at times become very complex. The cost of medical expenses, loss wages, damage to someone's property can become extremely costly. Some attorney's use creative approaches to gain the maximum compensation for its clients. One attorney used an approach that gained a $2M payment for its client.
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