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American Security Insurance Testifies at New York Hearing on Lender-Placed Insurance

NEW YORK, May 17, 2012 /PRNewswire/ – Representatives of American Security Insurance Co., a unit of Assurant Specialty Property, told New York officials today that lender-placed insurance “fulfills an important need” in the nation’s mortgage system, as a “safety net” protecting homeowners who otherwise would be without coverage. The New York Department of Financial Services is conducting hearings on the topic this week in Manhattan. American Security President John Frobose represented the company. Lender-placed insurance is included in the terms of virtually all home mortgages to ensure continuous insurance coverage, as required by lenders, regulators and mortgage investors. In the event of a lapse in insurance coverage, if a homeowner does not renew or replace their policy, lenders will place insurance on the property.

Does it make sense to buy cancer insurance?

Cancer insurance can bring you peace of mind, but whether it’s right for you depends on your family medical history and your financial situation.As supplemental medical coverage, cancer insurance typically costs about $20 to $40 per month and will pay the cost of those things medical insurance typically doesn’t cover.Out-of-pocket medical costs — such as co-payments, co-insurance or deductibles — are increasing, creating a gap that patients must bridge before medical insurance takes over. Alex Bagby, director of health products at Oklahoma City-based American Fidelity Assurance Company, says many people need supplemental insurance to help with the costs.Cancer insurance also covers expenses a typical medical insurance plan won’t pick up. For instance, it may cover you if you seek care outside your health plan’s provider network

For Disability Insurance Awareness Month, MR Insurance Consultants Reminds … – Houston Chronicle

Coordinated by the nonprofit LIFE Foundation, May is Disability Insurance Awareness Month (DIAM), an educational campaign devoted to raising consumer awareness regarding the financial risk of becoming disabled and the benefits of using disability insurance to protect against that risk. To support these efforts, MR Insurance Consultants is raising two important issues for individuals and families to consider with regard to income protection. Rockville, MD (PRWEB) May 17, 2012 MR Insurance Consultants, a web-based financial services firm and industry leader specializing in individual disability insurance, is supporting Disability Insurance Awareness Month by reminding individuals, families and employers to consider the importance of protecting one’s income using disability insurance

Travel medical insurance: Don’t leave home without it

Whether you’re planning to travel abroad on vacation or even to take a road trip to visit a neighbouring province, be sure to include travel medical insurance on your ‘must-have’ list. According to a recent survey from TD Insurance, many Canadians are taking their chances: 29 per cent incorrectly believe you only need travel insurance if you travel internationally, and 35 per cent admit they have travelled out of their home province without it. “There’s a misperception around travel insurance,” says Dave Minor, vice-president, TD Insurance in Toronto.

Life Quotes, Inc. Reveals Health Risks for Mom That May Increase Life … – Sacramento Bee

DARIEN, Ill., May 12, 2012 — /PRNewswire/ — Life Quotes, Inc. and Consumer Insurance Guide, stress the importance of moms staying fit and getting in to see their doctor for their annual checkups this Mother’s Day with advice from one of the world’s leading fitness experts, Jackie Warner, and Sister to Sister, the non-profit organization concerned with the prevention of the #1 killer of women: heart disease.Life Quotes, Inc.

Policy Store Top 5 Weekly Insurance Picks!

DALLAS, May 12, 2012 (GLOBE NEWSWIRE) — At Policystore.com, our number one goal is save our clients and friends money! We take pride in providing our customers with the top websites that will save them time, energy and most importantly, money. Our top five website picks for this week are: 1.) 1-800-MEDIGAP — A Triple Threat website: Informative, low priced, and professional Licensed Agents to help you with all your Medicare Supplement needs. Get Informed! We all know how difficult Medicare insurance can be do understand

FreeLifeTermQuotes.com Provides Free Life Insurance Quotes Instantly from Top … – SBWire (press release)

San Fransisco, CA — (SBWIRE) — 05/11/2012 — Tragedy strikes at all times, taking the lives of individuals of all ages, races and nationalities. For this reason, it is absolutely crucial that individuals provide support to those they love with a quality term life insurance policy

Homeowners insurance: Reassess coverage

At least once a year, it’s a good idea to review the insurance coverage on your biggest asset: your home.Your homeowners insurance coverage should start with a replacement cost policy that covers the entire expense of replacing your home if there is a loss. You also can opt for what’s sometimes called a “guaranteed” replacement policy that typically includes around 25 percent of additional coverage over the estimated value to replace your home.No matter what type of home insurance you have, there are many ways to adjust your coverage, whether you need to add to your policy to cover Grandma’s diamond brooch or buy separate protection to guard against flood damage.These tips will help you determine whether you have a sufficient amount of home insurance coverage.Ask the expertsSupplement figures generated by your insurer for the replacement cost of your home by getting a second opinion from a local contractor.

Do you still need life insurance?

(MoneyWatch) “Do I still need this whole life insurance policy?” asked a 65-year-old, who was trying to prepare for retirement. The answer is annoying: It depends