Washington Auto Insurance Coverage
The State of Washington requires all drivers to have motor vehicle insurance whenever they are driving in the streets, roads and highways of the state. The required minimum liability coverage in the State of Washington is $25,000 bodily injury to another person per accident, $50,000 for bodily injuries to all other persons per accident and $10,000 for damage to another’s property. The state also requires the drivers, not just to purchase, but also to maintain their insurance for as long as they are enjoying their driving privileges. Drivers who fail to maintain their insurance shall have to pay the stiff fine since it is mandatory for drivers to carry with them their proof of insurance whenever they are driving in the state. The proof of insurance is the identification card issued by the insurance companies to their customers upon purchase of the insurance. The insurance card should have the following details: the driver’s name, the name of the insurance company, the policy number, the date of issuance of policy, the expiration of the policy and the description of the vehicle. Giving false information about one’s insurance may lead to charges of misdemeanor. All vehicles must have the required insurance except for those that are considered antiques, which are over thirty years old.
Washington Homeowners Insurance Coverage
The State of Washington basically has four types of home insurance: the basic, broad, special and comprehensive. The basic provides coverage against the basic perils while the broad, special and comprehensive includes additional perils covered. At the same time they also offer protection for personal property, liability coverage and medical payments. These are the basic home insurance but there are also policies available for renters, condominium owners, older homes and even mobile homes. These policies do not include flood insurance. Flood insurance is offered by the National Flood Insurance Program (NFIP). If you live in Washington’s flood hazard area, you are required by the law to purchase flood insurance.
Before you purchase home insurance for your home, you have to first determine how much to buy. Experts recommend that you insure your home for at 100% its full replacement cost. However, if you cannot afford to insure it at 100% is full replacement cost, you can insure it for at least 80 percent of its replacement cost since this will already allow you to rebuild your home with the same materials and labor. Also, if you can afford it, you should get home insurance that provides liability protection and more comprehensive coverage. This way, should disaster strikes and it destroys your home or should someone gets hurt in your property or home, you will have nothing to worry about.
Washington Health and Life Insurance Coverage
In the State of Washington, health insurance plans are available through group insurance and individual insurance. The group insurance, also called employers plans, are offered by the employers to his employees. Professional organizations and groups may also purchase this type of health plan. The individual health insurance on the other hand is offered by insurance companies to self employed individuals and to those who do not belong in any group plans. At present, since a lot of people are in between jobs and a lot of employers can no longer afford health plans, many are purchasing this type of plan. The individual health plan includes managed care plans such as Health Maintenance Organizations, fee for service plans, preferred provider organizations and point of service plans.
The State of Washington protects the rights of the consumers of health plans. As a consumer of health plans, under The Patent Bill of Rights, you have the right to information about your plan, to quick and impartial appeals, to independent third party review, to your privacy and to compensation for damages.
As for life insurance in the State of Washington, the most common types of life insurance available in the state are the term life, which provides short term coverage, and the whole life insurance, which provides lifetime coverage.