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Bodily, Injury And Dismemberment - How Does It Impact Your Health And Well-Being? You have probably heard the names of several top Arkansas Insurance Dept companies. Perhaps you even own a piece of property in Arkansas and have some of their policies on deposit at your home or business. Some people will always be familiar with Humana, Assurant, Petrifica, Allstate and GEICO. While these names may be familiar, there are literally dozens of other Insurance Dept companies. They all offer different types of coverage for a variety of needs. One type of policy that is offered by many Arkansas Insurance Dept companies is their "General Liability" or PLPD. This type of policy pays for medical payments, property damage and loss, with a limited number of limits. For example, if you are the victim in a car accident, you would need to contact the Scottsdale insurance department to file a claim for damages. If you are the victim in a fire, you will need to contact the Arkansas Insurance Department to file a claim for lost wages, lost savings and other losses. In either event, you will need to add the cost of your medical payments, which can make a general liability policy more expensive. When choosing a premium for a PLPD, you will want to consider the following factors: The PLPD premium is calculated on a per occurrence basis. If you are in the process of settling a claim, you may not want to pay the higher deductible because the settlement will likely cover the cost of the settlement. Another option available through the Arkansas Insurance Department is their "Disability Income Protection" or DI. This policy covers the cost of medical payments, with a limit of one year. If you become disabled and cannot work, you will be able to recover the cost of your medical payments. Any remaining balance is refunded to you. If you are in an accident and have no insurance or if your policy has a high deductible, you may need to reconsider your coverage. The Arkansas Insurance Department does offer the option of waiving or reducing certain deductibles for the insured. If you are in an accident for which you do not have coverage, you will be required by law to file a claim for the accident's expenses, which includes the cost of your medical payments, and any other loss you have suffered. If you have a low-premium Scottsdale insurance policy, you may choose to waive the two per occurrence for personal injury clause, which means that you will not need to file a claim when you are involved in an accident for which you have no insurance or at least a low-premium policy. If you are involved in an accident and suffer a loss that exceeds $25,000, you may be eligible for a dismemberment clause to be included in your policy. According to Arkansas insurance law, there is a limit on the amount of times that you can be eligible for a dismemberment benefit. According to Scottsdale insurance attorney Billie Hennessy, this limit can be a significant issue because some policies will only pay out if you have reached the monthly limit on your premium for the month, which means that you may only be able to collect on the cost of your premiums if you have actually met the deductible on your policy. The Arkansas Insurance Department has placed a limit on the number of bodily injury and dismemberment clauses that a policy may contain, but it has not ruled on whether these limits violate the FHA's regulations. According to Scottsdale https://www.linkedin.com/pulse/finding-best-car-insurance-cost-shakopee-minnesota-nicholas-walsh/ attorney Hennessy, the decision on the matter will depend on the facts of each individual case. For instance, if you are involved in an accident for which you are partly at fault, but do not suffer a loss at all, you would not be able to collect on the cost of your premiums unless you meet the bodily injury or dismemberment clause requirement of your policy. However, if you suffer a loss as a result of the accident, the policy may include coverage for both bodily injury and dismemberment. So, although there are no definite rulings on whether a policy meets the FHA's guidelines, it may be in your best interest to ensure that you include these types of clauses in your policy. Be sure to check your policy carefully before you sign it, especially if it has a bodily injury or dismemberment clause. If you are unsure about whether a policy that you want to purchase meets these guidelines, talk with a licensed insurance agent or lawyer. They can review your policy and make suggestions about adding these types of coverage. In many cases, the addition of this type of coverage can be very beneficial to your insurance needs. It just makes good business sense to do so.