Filed under: Insurance, Consumer Ally
Consumers should be wary of purchasing insurance from sellers of cars, homes, electronics and travel, the Consumer Federation of America (CFA) said in a consumer alert today.
“Add-on” insurance, the CFA warned, tends to be outrageously overpriced, typically involves kickbacks to sellers and is often unnecessary. For example, collision insurance policies sold by car rental agencies are often many times more expensive than regular policies. Your existing auto insurance policy or credit card probably already covers the risk, the group says.
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Filed under: Insurance, Health, Insurance – Health Insurance
Most people rush to schedule as many medical tests as possible just before their COBRA coverage runs out. But some experts now say that’s precisely the wrong thing to do when you’re shopping for post-COBRA health insurance. The problem with those medical tests is that they just might find something — and if that something requires treatment or even the potential for treatment, that can make you undesirable to most insurers.
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Filed under: Insurance, Consumer Ally, Insurance – Car Insurance, Insurance – Home Insurance
Texas Attorney General Greg Abbott has ordered Traveler’s Insurance to stop airing what it considers to be a deceptive ad or face legal action.
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Filed under: Insurance
There are types of insurance that Americans don’t buy enough – renters insurance, disability insurance, long-term care insurance, flood insurance. Then, there are others that we buy way too frequently and are, for the most part, a waste of money.
Today, I am more worried about the latter — and there is good reason to be concerned. This morning, the New York Times published an op-ed column by Nobel Prize-winning economist Paul Krugman who wrote: “We are now, I fear, in the early stages of a third depression.” Hammering that point home, more than one million people are expected to lose their unemployment benefits this week.
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Filed under: Insurance, Health, Insurance – Health Insurance
Sometime in August, Patricia Holland will drop into Medicare’s dreaded doughnut hole. She is already bracing for that financial wallop.
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Filed under: Insurance, Transportation, Insurance – Car Insurance
Whenever I ride in a taxi in New York City, I marvel at the intestinal fortitude of the drivers who navigate pedestrians, potholes and other drivers who seem to have learned how to drive via a video game. And, according to a recent survey of driver knowledge by GMAC Insurance, it turns out that the awe these drivers inspire is justified.
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Filed under: Borrowing, Budgets, Credit, Insurance, Retire
Ever wish you could find one place to go for basic financial information about anything? If that’s your wish, you’ll find all that you need at the government’s newly launched MyMoney.gov website, which was developed with financial information from 12 Federal agencies, departments and bureaus that make up the Financial Literacy and Education Commission.
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Filed under: Insurance, Health, Insurance – Health Insurance
Every weekday, Betsy Langston makes a 90-minute drive with her son to Myrtle Beach, S.C. Then, after about three hours there, she drives the same 90 minutes back home to Florence.
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Filed under: Insurance, Insurance – Car Insurance, Insurance – Life Insurance, Insurance – Home Insurance
When consumers buy insurance, they are guided by a “well, you never know philosophy.” That, according to experts, is a huge mistake.
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Filed under: Insurance, Health, Insurance – Health Insurance
My grandmother died at home in her own bed, surrounded by her 13 children and dozens of grandchildren. Her daughters and daughters-in-law cared for her the last six months when she was bedridden and in pain.
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