Insurance 101: Protecting Your Resources
Tighter budgets are making it more difficult for individuals and families to cope with everyday emergencies. When resources are already stretched thin, it is important to be prepared in case of a car accident or sudden illness. The Louisiana Department of Insurance provides these tips for protecting yourself and your family:
Find hidden savings in your family’s auto policy. There are ways to keep costs down without forgoing necessary coverage. Ask your insurance agent or company about these and other possible savings:
- Two or more cars on a policy.
- Good student driver under age 25.
- Airbags and other safety equipment.
- Multi-line discounts if you have renter’s or homeowners insurance on the same policy or with the same company that insures your car.
Conduct a Coverage Check-Up. You might have purchased your insurance policies when you had a larger household budget and savings account. Review your insurance policies to make sure you can cover all deductibles and that they meet your current needs.
- Review your health insurance coverage.
- Review your life insurance coverage.
- Ensure your homeowners insurance policy reflects any recent improvements.
Contact your agent or insurance company have if you have questions about your policy.
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Lock it or Lose it
July is one of the hottest months for vehicle thefts in the United States. There are steps you can take now to protect your property and combat auto theft. Here are a few tips:
- Remove your keys from the ignition.
- Lock your doors/ close your windows.
- Always park in a well-lit area.
- Keep valuables out of plain sight.
The Louisiana Department of Insurance and the Louisiana Automobile Theft and Insurance Fraud Prevention Authority are working together to reduce vehicle theft rates around the state.
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Consumer Alert
Medicare recipients are reminded to make smart decisions and protect their money. Here are some tips to avoid becoming the victim of Medicare fraud:
- Beware of door-to-door salesmen. Agents cannot solicit business at your home without an appointment. Don't let them into your home.
- Do not give out personal information, such as Social Security, bank account numbers or credit card numbers to anyone you have not verified is a licensed agent. People are not allowed to request such personal information in their marketing activities and cannot ask for payment over the internet. They must send you a bill. Once you decide to purchase a plan and have verified that the agent is licensed, you may give the agent personal information to assist in enrollment and billing.
- Verify that the plan is an approved Medicare plan. All of the approved plans are available at www.medicare.gov or you can call 1-800-MEDICARE.
Our Senior Health Insurance Information Program (SHIIP) staff can help you understand Medicare coverage options and benefits.
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Free Workshops
Are you interested in becoming a licensed claims adjuster? The Division of Diversity and Opportunity is holding a free seminar on July 12. The seminar will include information on requirements and the examination process for becoming a licensed adjuster.
Producers have an opportunity to earn continuing education credits at the upcoming Business Building Blocks Workshop. The free event will take place August 17 in Baton Rouge. Registration is underway.
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