Better Insurance

Detailed medical record-keeping can help you determine if you have potential tax-saving expenses. Taxes and health insurance on their own are complex. Taken together in order to figure out questions such as "Are health insurance premiums tax deductible?"and the complexity multiplies. Here are six considerations about taxes and health insurance to help you keep the records you need to file your return every year. 1. Can I claim medical expenses? Based on the 2021 tax rules, the IRS, "allows taxpayers to deduct the total qualified unreimbursed medical care expenses for the year that exceeds 7.5% of their adjusted gross income (AGI)". For example, say your AGI is $50,000 and your medical expenses are $6,000. Since 7.5% of your AGI is $3,750, you can deduct $2,250. 2. What medical expenses qualify? In general, you can deduct many medically necessary out-of-pocket expenses, including preventive care, treatments, surgeries, prescription medications, dental, vison and med

Learn about boat owners insurance and what the coverage means to you. Did you know that boat insurance is one of the earliest known forms of insurance? Ancient sailors knew firsthand about the risks of a life at sea and sought to insure their boats against hurricanes and other unpredictable weather and waters. And it still applies today. Boat insurance policies can vary widely in what they do and do not cover based on a number of considerations, including the type of boat, the waters it will traffic, and how many months of the year the boat will be used. Still, there are a few basic kinds of coverage you can expect to receive, as well as some potential discounts for safe boaters. Physical damage This coverage insures your boat against damage and loss caused by common risks, such as sinking, fire, storms, theft and collision. The property covered can vary, but the policy will usually cover the hull and other components, such as: -Motors -Extra fuel tanks, batteries, etc. -Anchors -Onb

Know the ins and outs of what to do in case of an accident. Proper boat safety starts with you, the boat owner. You might consider taking a boating safety course so you know what to do in an emergency. Knowing how to trailer your boat is also a must as you need to change the way you drive with a boat behind you. And of course, always ask yourself if you have the right insurance coverage for your boat. You don't want any surprises if you're involved in an accident On the water, accidents can happen to even cautious, well-trained boaters. If you're involved in a boating accident, it's important to know the requirements for reporting it to the proper authorities. Boat accident reporting requirements After an accident, U.S. federal regulations (33 CFR 173.55) require the operator of any vessel that is numbered or used for recreational purposes (in this case, a boat) to submit an accident report. Individual states may have their own requirements for reporting accidents, but,

Before hurricane season hits, make an evacuation plan - and don't forget a boat plan. Hurricane season traditionally runs from June to November, with August and September being the most volatile months for these violent storms. And with the potential of high winds, storm surges, rising sea levels, increased tides and more than two or three inches of rainfall per hour, it's absolutely crucial to plan ahead. The National Hurricane Center can help keep you up to date on any hurricane or tropical storm-related weather events. Once you're confident that your family and home are secure, turn your attention to making sure your boat is prepped for the storm. Preparing your boat before the hurricane Prepare your boat for the hurricane season well in advance. The National Weather Service urges boat owners to prepare early. Once a hurricane warning is issued, it's too late to work on a dock safely. Start with a detailed written list that includes: An evacuation plan. Your evacuati

Taking an approved boat safety course may net you an insurance discount. There are plenty of good reasons to be an educated boat operator. Chief among them: safety. According to the U.S. Coast Guard, 74% of deaths occurred on boats where the operator did not receive boating safety instruction. The good news, though, is that saving lives and reducing injuries might be as easy as taking a safety course and receiving a boater's safety certificate. That way, you familiarize yourself with operation basics and etiquette, as well as state and federal waterway rules. Below are some tips to help keep you safer on the water. Life jackets All vessels should have enough accessible life jackets for every child and adult on board. According to the U.S. Coast Guard, approximately 84% of boating fatalities could have been prevented if life jackets had been worn. Life jackets should fit snugly and keep the water from rising above the chin or ears. Users should have the appropriate size — children s

Getting car insurance for the first time? Here is what to know about policy terms, coverage and potential discounts and savings. Buying a car can be exciting — and a little bit scary. The same goes with getting car insurance for the first time, all on your own. There's responsibility — deciding what coverage and deductibles you want and need, to name just two examples — and freedom as you move from a parent or caregiver's policy to one that's all your own. There's also the potential to make mistakes. The first thing to understand about car insurance is that there are a variety of factors that can influence coverage and cost. Age, marital status and home ownership are just three determining factors. And what kind of coverage (and deductible) you want should an accident happen may also help you determine the policy and parameters you choose. Here are some things to consider when you are getting car insurance for the first time. Available and required coverage Ask your