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July 20, 2010  
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  Insurance Advisors Hot Topics
 

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Insurance Advisors Terms


  > Automobile
If you own and operate commercial vehicles, you should make sure that your fleet is appropriately insured. If business use of a vehicle is minimal and limited to your personal vehicle, the necessary coverage can probably be included in your personal policy. Best bet: Check with your agent to be sure.
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  > Destroyed or damaged records
If your business records are destroyed or damaged by a covered peril, this insurance will compensate you for the inability to collect income and for the cost of reproducing the records.
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  > Long-Term Disability (LTD)
Long-term-disability plans provide income for an individual who cannot work because of an illness, disease, or non-occupational injury. Most plans require that the individual be a full-time employee for at least one year before the disability coverage applies.
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  • Woodburn
       
 
Did You Know?    
 
 
Payments you receive from qualified long-term care insurance contracts will generally be excluded from income
As reimbursement of medical expenses received for personal injury or sickness under an accident and health insurance contract. Also, certain payments received under a life insurance contract on the life of a terminally or chronically ill individual (accelerated death benefits) can be excluded from income. Refer to Publication 17, Your Federal Income Tax, Chapter 13, Other Income.

 
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Latest News
  Latest Insurance related news in Oregon and nationwide: Mar 02, 2007 - Mental Health Parity Act
The Mental Health Parity Act, MHPA, of 1996 requires plans that offer mental health benefits to set lifetime dollar limits
Read more >


Jul 14, 2006 - NCUA Issues Interim Rule Amending Share Insurance Coverage
The NCUA Board has issued an interim final rule amending share insurance to clarify coverage and implement changes require
Read more >


Jan 18, 2006 - Progressive Group, Drive Insurance Company
NEW YORK (January 12, 2006) — Drive® Insurance from Progressive ("Drive") Group President Bob Williams ra
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