Insurance

Is CIT Fdic Insured?

CIT Bank is FDIC insured, which means that deposits at CIT Bank are protected by the Federal Deposit Insurance Corporation (FDIC). This insurance provides coverage up to $250,000 per depositor, per insured bank, for each account ownership category. This ensures that even if the bank were to fail, your deposits would be protected up to the insured limit.

It’s always a good idea to check with the bank directly or verify its status on the FDIC’s official website if you have any specific questions or concerns about FDIC insurance.

Is Cit Bank Fdic Insured?

Yes, CIT Bank is FDIC insured. Deposits made at CIT Bank are protected by the Federal Deposit Insurance Corporation (FDIC) up to the standard insurance amount of $250,000 per depositor, per insured bank, for each account ownership category. This ensures that your funds are safe even in the event of a bank failure. You can verify this on the FDIC website or through CIT Bank’s official resources for added assurance.

How Does Snapshot from Progressive Insurance Work?

Progressive Insurance’s Snapshot program is a usage-based insurance option that allows drivers to potentially save on their car insurance premiums by monitoring their driving habits. Here’s how it works:

1. Enrollment:

You can sign up for Snapshot when you get a Progressive policy or later during your policy term. It’s available in most states.

2. Data Collection:

Once enrolled, your driving is tracked either through a mobile app or a plug-in device (depending on the option you choose). The data collected includes:

• Speed: How fast you drive.
• Braking patterns: Whether you brake hard or gently.
• Time of day: When you drive (e.g., late-night driving may be considered riskier).
• Miles driven: How much you drive overall.
• Phone usage (if using the app): To see if you’re driving distracted.

3. Discounts or Increases:

The primary benefit of Snapshot is that it can lead to discounts if you’re a safe driver. The program rewards safe driving habits with potential reductions in your insurance premium. However, risky behaviors (like frequent hard braking or driving late at night) can result in increased premiums in some cases.

4. Feedback and Tips:

The app or the online portal provides feedback on your driving behavior, offering tips on how to improve your score and become eligible for more savings.

5. Customized Premium:

After the initial monitoring period (which can last around six months), Progressive adjusts your premium based on the data collected. You may see savings at renewal if your driving is deemed safe.

Privacy Considerations:

Snapshot collects driving data, but Progressive ensures that it is used solely for insurance purposes. They do not share your driving information with third parties for marketing or other purposes.

Snapshot is particularly beneficial for those who drive less frequently or exhibit cautious driving behaviors.

How Much Is Dupixent with Insurance?

The cost of Dupixent (dupilumab) with insurance varies based on several factors, such as the type of insurance plan, co-pay, deductible, and specific terms of coverage. Here’s a general breakdown of how the costs might differ:

1. With Private Insurance: Many private insurance plans cover a portion of Dupixent, but your out-of-pocket costs can range from $0 to several hundred dollars per month, depending on your plan. Some insurance companies offer co-pay assistance programs, reducing the amount you pay significantly.
2. Medicare or Medicaid: If you have Medicare or Medicaid, the cost may be lower, but it also depends on your specific plan. For Medicare Part D, co-pays for Dupixent can still be significant, often in the range of several hundred dollars, depending on your deductible and coverage gap.
3. Manufacturer Co-pay Card: Dupixent offers a co-pay card that can reduce the cost of the medication to as low as $0 for those who qualify. This is typically for people with private insurance, but it can help mitigate costs significantly.
4. Without Insurance: If you don’t have insurance, the cost of Dupixent can be extremely high, averaging between $3,000 to $5,000 per month.

It’s best to check with your insurance provider to get exact information on how much Dupixent will cost you based on your individual coverage plan.

Is Obie a Good Insurance Company?

Obie Insurance is a specialized provider focused on offering insurance for real estate investors, particularly those who own rental properties. It provides landlord insurance, covering property damage, liability, and loss of rental income, as well as options for short-term rentals like Airbnb. This makes it a solid choice for real estate professionals seeking tailored coverage for their properties.

Customers often praise Obie for its fast and easy quote process, which can be completed online in minutes. The platform is known for its convenience, providing flexible coverage options and allowing users to manage their policies digitally. Obie’s policies are available across the U.S., and it insures various types of properties, including single-family homes, condos, and multi-unit buildings.

However, reviews are somewhat mixed regarding customer service. While many users appreciate the ease of purchasing policies, some have reported dissatisfaction with Obie’s support, citing issues with responsiveness and difficulty in making changes to policies. Pricing is competitive, but it varies based on factors like property location, size, and coverage levels​.

If you’re a real estate investor looking for quick, digital-first insurance solutions, Obie could be a good option, though you may want to keep an eye on customer service experiences.

Does USAA Insure Trailers?

Yes, USAA does insure trailers. They offer coverage for various types of trailers, including travel trailers, utility trailers, and fifth-wheel trailers. USAA’s trailer insurance typically includes protection for damage, theft, liability, and may cover the trailer’s contents, depending on the policy.

If you’re a USAA member, you can inquire about specific coverage options and costs for your trailer.

Can I Borrow Against My Liberty National Life Insurance?

Yes, it is possible to borrow against a life insurance policy from Liberty National Life Insurance, provided that you have a whole life or universal life insurance policy with cash value accumulation. These types of policies build up cash value over time, and once a sufficient amount of cash value has been accumulated, you can borrow against it.

Here’s how borrowing against your Liberty National life insurance works:

1. Eligibility: You must have a policy that accumulates cash value, such as a whole life or universal life insurance policy. Term life insurance policies do not build cash value and, therefore, do not offer borrowing options.
2. Loan Amount: The amount you can borrow will depend on the available cash value in your policy. Typically, you can borrow up to a certain percentage of this value, but exact terms will vary based on the policy.
3. Interest Rates: When you borrow against the cash value, you will be charged interest on the loan. The interest rate will be specified in your policy documents.
4. Repayment: The loan does not have a strict repayment schedule, and you may not be required to pay it back in a specific timeframe. However, the outstanding loan balance, plus interest, will be deducted from the death benefit if you pass away before repaying it. Alternatively, the loan could reduce your policy’s cash value and coverage if left unpaid.
5. Policy Implications: It’s important to remember that borrowing against your policy reduces the death benefit (the amount your beneficiaries will receive) if the loan is not repaid before your death.

To get specific details about your Liberty National policy and the amount you can borrow, it’s best to contact Liberty National’s customer service or refer to your policy’s terms and conditions.

Is Phoenix Capital Group Fdic Insured?

Phoenix Capital Group is not FDIC insured. It offers investment products, primarily focused on oil and gas mineral rights, which fall under private placements and high-yield bonds regulated by the SEC under Regulation D and Regulation A. These types of investments are not protected by FDIC insurance, as they are considered higher-risk, non-bank investment vehicles. Investors are advised to carefully review the company’s offerings and consider the risks, including the potential loss of principal, before investing.

What Is Obie Insurance?

Obie Insurance is a specialized insurance provider focused on offering coverage for landlords and real estate investors. It provides policies tailored to protect rental properties, including single-family homes, multi-unit dwellings, and apartment buildings. Obie’s offerings include property, liability, and loss-of-income coverage, which safeguard against damages to the property, injuries on the premises, and revenue loss due to property damage or tenant issues.

Obie’s platform simplifies the insurance process by allowing users to get quick quotes online in minutes. It leverages technology to streamline underwriting and risk assessment, helping property owners save up to 25-30% on insurance premiums. Obie also covers various property types, including short-term and vacant rentals, making it a versatile option for landlords across the U.S.​

Is Dupixent Covered by Insurance?

Yes, Dupixent (dupilumab) is typically covered by insurance, but coverage can vary depending on your specific health insurance plan, provider, and the country where you’re located.

In the United States, for instance, many health insurance plans, including Medicare and Medicaid, cover Dupixent as a treatment for conditions like moderate to severe atopic dermatitis (eczema), asthma, and other approved conditions. However, since it is an expensive medication, insurers often have specific requirements or prior authorization steps to ensure that it is medically necessary.

Here are a few things to consider:

1. Formulary Status: Dupixent may be part of your insurance plan’s formulary (the list of covered drugs), but it may fall under a higher tier, meaning higher copays or coinsurance costs for you.
2. Prior Authorization: Many insurance companies require prior authorization before approving Dupixent, meaning your healthcare provider will need to submit paperwork justifying its use.
3. Copay Assistance: Sanofi and Regeneron, the manufacturers of Dupixent, offer a Dupixent MyWay program, which provides copay cards and financial assistance for eligible patients who have private insurance.
4. Medicare and Medicaid: Dupixent may be covered under Medicare Part D or Medicaid, but coverage will depend on the specific state or plan, and there may be out-of-pocket costs associated with it.

If you’re considering Dupixent, you should check with your insurance provider directly or consult your healthcare provider to understand the specific details regarding coverage and costs under your plan.