Insurance in the U.S.

  How do I choose insurance for the U.S.? It doesn’t matter which company you choose to get health insurance for your trip to the U.S. It is much more important that the policy meets the following conditions. Valid throughout the United States. Be careful not to accidentally buy insurance that works in every country…

How does flood insurance work?

Due to the specific territorial location of the United States, the country is constantly exposed to natural disasters. Floods, tornadoes, earthquakes – Americans are no strangers to these names. Because of the increasing frequency of natural disasters and because of the large-scale damage caused to the U.S. economy by these disasters, the government has taken…

The latest news about insurance

U.S. Federal Emergency Management Agency expects property insurance costs to rise The Federal Emergency Management Agency (FEMA) is working on new flood maps that are expected to change the landscape for property owners. FEMA is currently focusing on individual properties, and as a result, property insurance costs are expected to rise. The nonprofit flood risk…

Social Insurance

Social Security In addition to medical care, the United States has a well-developed social insurance system. Here the insured cases are as follows: unemployment, disability, loss of breadwinner, old age (we will consider the issue of pensions separately). If health insurance is private, then here the premiums are paid to the budgets (the federal and…

Who pays the insurance

Who pays the insurance Your financial and social status is important – it will determine who has to pay the amount of insurance. The following options are possible: If you are low-income, disabled, or unemployed, the state pays for coverage (Mediacaid); If your income is low and your employer does not pay for insurance, you…

Insurance “packages”

Not all employers take on the responsibility of paying for insurance for their employees. Therefore, it is quite common for U.S. residents to purchase their own insurance “packages”. The cost of insurance depends on marital status and family composition. It costs a little more for singles. The cost of insurance is determined by income: the…

Some Facts about life insurance

Insurance is more expensive for smokers For a family – wife and husband, each 35 years old – a $500,000 policy for 30 years will cost $50 to $80 a month, depending on the health condition. Usually, those who want the policy must undergo a medical exam, which is paid for by the insurance company,…

Payment limits and terms

California in 2017 set the following minimum limits for driver’s liability coverage (California Insurance Code §11580.1b): $15,000 – injury/death of one person$30,000 – damage/death to two or more persons$5,000 – property damage But, of course, these minimum values are not enough, because just one treatment of an injured person with a small fracture will cost…

Why do we need life insurance?

Why is insurance so important? It is no longer a secret that a successful and less painful life in “capitalist countries” requires a certain amount of insurance for all occasions. Without it, of course, it is possible to live, but it will be very “painful” in case of all sorts of unforeseen situations. The main…