Understanding the different types of managed care

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Managed care is certainly the most common type of health care that is available today. It uses a network of providers who have contracted to provide services at a predetermined price. This makes it easier for both providers and for patients. You know ahead of time what things will cost. At R&R Insurance Group LLC in Quakertown, PA, we are here to help our customers to make the right decision about their health insurance. As independent insurance agents, we can provide more options and we offer a variety of different companies and products. 

Types of Managed Care

HMO

The initials HMO stand for Health Maintenance Organization and this type of managed care is the one that most people have. It is usually the least expensive, which may explain why it is popular, even though it is the most restrictive. An HMO requires that you choose a primary care physician from within the network. You need to check before you pick your health insurance that your primary care doctor is in the network. You need them to refer you to any specialist you may need to visit. 

PPO

If you like having more control over your health care, a Preferred Provider Organization is the better option for you. With this type of plan, you don’t need to have a primary care physician managing your medical care. You won’t need a referral to see a specialist but you will get the best rate for staying within the network. But if you want, you can go outside the network. 

POS

Point of Service managed care is a combination of both HMO and PPO. You can go outside the network but you need a primary care physician and referrals to visit a specialist. 

Contact R&R Insurance Group LLC in Quakertown, PA when you are ready to discuss your health insurance. 

Teenager Driver Information

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A teen driver can be a new set of questions and processes for you because the cost is different, however, there are discounts available to help you manage this. R&R Insurance Group LLC in Quakertown, PA, can give you advice in reference to your new driver. 

Teenager Driver Information

There is an option to get a new policy for just your teenage driver if they have a part-time job, or you would just pay separately for it since having them on your policy with you would increase your insurance rate because they are younger than 25 years old, which is considered a risky time frame for a driver learning to follow the rules of the road. You may need to have them on your policy when they get a learner’s permit and drive in your vehicle.

You could find out about discounts from your insurance company, and they may offer one for grades in school and driver education classes. 

Teenagers may have time with other young drivers in their vehicle, or in yours, and this could be a distraction and could cause an incident, such as a fender bender or a little collision. This is a time to talk with them about their driving behavior and even avoid others in the car with them, or just drive with them with you so you could be a good example and protect them from other people who may cause a problem. You could also give them pointers about driving under the influence of alcohol and illegal drugs, because it would help them avoid a DUI charge, or worse, a serious problem on the road. 

If you need help with managing these items in reference to your teenage driver, find out more from R&R Insurance Group LLC serving Quakertown, PA.

Overlooked Parts Of Commercial Insurance Policies

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R&R Insurance Group LLC serves the Quakertown, PA community and surrounding areas. We work closely with multiple carriers on the East Coast. We are committed to helping our clients obtain coverage that aligns with their current and future situations. We will sit down with you and help you figure out which policies will help you live comfortably.

Overlooked Parts Of Commercial Insurance Policies

As a local Quakertown, PA business owner, you are constantly looking for ways to stand out from the competition. Having a strong commercial insurance policy can help you attract top talent. It also makes your business more appealing to customers who know that they are supporting a business with integrity. Commercial insurance policies cover any damages to your equipment. You are also covered if your equipment is stolen or vandalized. Liability coverage is a big part of your policy. As a business owner, be aware that you may be sued at any moment. Liability coverage protects your business if one of your customers alleges that your products caused them harm or if they are injured while visiting your property. Pay attention to these overlooked parts of commercial insurance.

Workers Compensation

You likely depend on your employees to operate a successful business. If there is an issue in the workplace, morale will drag down. Workers compensation covers any injuries in the workplace. By taking care of your employees, you help keep employee morale high.

Professional Liability Coverage

If you help complete projects or perform consulting work, professional liability coverage can help you protect your business. Sometimes, errors occur while working on tasks. However, your business may be at risk if a customer alleges negligence on your part. Professional Liability Coverage steps in to provide a layer of protection.

R&R Insurance Group LLC Will Help You Cover Your Assets

Contact us today to learn more information about commercial insurance.  

Why do property owners in Pennsylvania need home insurance?

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Investing in real estate is a great option for anyone in the Quakertown, PA area. If you decide that owning a home is right for you and your situation, getting home insurance is a great investment. There are a variety of reasons the average property owner will need to have a proper home insurance plan whenever they purchase a property.

Property Owner Wants Top Protection

Investing in the home purchase is a major decision. When you make this investment, you will want to make sure you have the best protection possible. A great way that you can do that is by getting home insurance. With this type of coverage, you will have the support you need to repair or replace your home or personal assets covered by the plant. Additionally, you will have liability insurance that will prove to be helpful if you are found liable for an accident that results in damages.

Comply with Requirements

You also should get home insurance to make sure you comply with any insurance obligations you have. Most people that purchase a home in this area of Pennsylvania are going to take out a mortgage. If you do so, you will have insurance requirements set by your lender. Carrying the right type of home insurance will keep you in compliance with this obligation. 

If you are a property owner in Quakertown, PA, you clearly would benefit by having insurance on your home. Once you start looking for a new insurance plan, you would benefit by calling R&R Insurance Group LLC. The professionals with R&R Insurance Group LLC know the value of this coverage and can ensure you are properly covered. They are able to do this by carefully reviewing your situation and helping you build an appropriate plan. 

Motorcycle Insurance FAQ

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Motorcycle ownership can be exciting. To make the most of your bike, it is important to have the proper insurance in place. At R&R Insurance Group LLC, we can help you better understand your insurance options in Quakertown, PA, and the surrounding areas. Keep reading to learn more. 

Who Needs Motorcycle Insurance?

Motorcycle insurance, like regular types of auto insurance, is required in order to operate your bike legally on the road. Insurance protects not only the investment you made in your bike, but it also protects you from expensive liability costs if you are in an accident that involves other people. 

What Does Motorcycle Insurance Cover?

You can have your insurance policy customized to suit your particular needs, but in most cases, motorcycle insurance will provide the following type of coverage:

  • Collision/comprehensive- If your bike is in an accident, this type of coverage will pay for the repairs or replacement of your bike. If your bike is stolen or damaged because of a fire or natural disaster, this type of coverage can also cover these expenses. 
  • Liability- Liability coverage will pay for any expenses that you might be held liable for if your bike is involved in an accident involving other vehicles. If another vehicle is damaged because of your bike, you will be held liable for those costs. If someone is injured in an accident, or injured because of your bike, you could be held liable for their medical bills and even for legal fees. This could leave you financially vulnerable. When you have the proper insurance in place, your own finances will be protected in the event that you are in an accident.  

If you would like to learn more about motorcycle insurance or any of our other insurance products, please contact us at R&R Insurance Group LLC serving Quakertown, PA, and the surrounding areas. 

Don’t Neglect Boat Insurance: Here’s Why

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If you own a boat in Quakertown, PA, you may try to get away with not owning insurance, especially if your area doesn’t require it. While we understand that impulse, it is a bad one because boating insurance is a beneficial thing to own. If you’re not sure, here’s why we at R&R Insurance Group LLC always suggest high-quality and strong boating insurance to our many customers.

Reasons Why You Need Boat Insurance

If you’re still on the fence about why you need boat insurance, we came up with a few different reasons why these policies are so essential. Just a few reasons to get these policies include how they:

  • Protect Your Craft – Did you know that your boating policy will pay for replacing or repairing your boat? It will, and you need to know how to take advantage of that fact.
  • Avoid Lawsuits – When you crash your boat into somebody else, you might get sued. With a boat insurance policy, you can avoid difficult financial repercussions.
  • Minimize Legal Concerns – If you take your boat to another area that does require boating insurance, a policy will protect you from getting impacted financially.

Try to identify a policy that covers all of your needs, such as adding medical care if you want to protect yourself from getting high medical bills after a serious injury.

Don’t Neglect Your Watercraft

Please don’t hesitate to contact us at R&R Insurance Group LLC if you need help finding boat insurance that makes sense for your needs. We serve Quakertown, PA and will work directly with owners to figure out a policy that makes sense. Our team feels comfortable working with many people and will do what they can to help you find a policy that fits your boating and financial needs.

Scenarios Where Umbrella Insurance Helps You

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Sensible folks like us in Quakertown, PA don’t want to waste money. Before you get into a contract where you’re handing over cash, you want to know exactly what you’re getting and how it’ll benefit you. To help you determine whether or not an umbrella insurance policy is sensible for you, R&R Insurance Group LLC has 3 example scenarios where one would be a wise purchase.

1. You Cause a Serious Auto Accident

Even with the maximum liability limit on an auto insurance policy, a significant accident caused by you or a dependent can result in you being liable for hundreds of thousands of dollars or more. Umbrella insurance’s higher limits work after your auto insurance, raising your maximum protection to an amount that can handle all but the most severe jury rewards.

2. You Are Involved in a Hunting Accident

If you go on a hunting trip with your friends and cause an accident ranging from causing property damage to injuring a fellow hunter, your typical coverage like homeowners’ insurance and auto insurance won’t apply. Umbrella insurance will charge a small fee that works like a deductible in cases where your other insurance doesn’t apply, then it will help you repay any damages up to the limit.

3. You Lose a Long Legal Battle

You may have to pay for both sides’ attorney fees after a protracted legal battle. At hundreds of dollars an hour, those fees quickly escalate into the thousands. Your other insurance may not provide any assistance, either. Umbrella insurance can pick up the fees, so you don’t have to weigh the risk of a lost lawsuit against pursuing justice.

Umbrella Insurance Can Do Even More

We at R&R Insurance Group LLC hope these three sample scenarios help Quakertown, PA residents and other consumers get an idea of what benefits umbrella insurance brings, but there are plenty more to discuss. To find out your options and the specifics of each policy’s coverage, contact us or your agent today.

Is Flood Insurance Necessary in Quakertown, PA?

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Featuring water bodies like the Delaware River, it’s not uncommon to experience floods after heavy rains. And as you know, when floods strike, they leave a trail of destruction on their path. But what can you do? Since you have no control of nature, all you can do is purchase flood insurance to protect your home and loved ones.

But is flood insurance necessary? I don’t think I will ever need it in Quakertown, PA. While you may not see the motive to buy flood insurance now, here are the reasons you should, according to R&R Insurance Group LLC.

Home insurance doesn’t cover floods

Suppose floods damage your dwelling, only to discover that your home insurance doesn’t cover the damage. How would you feel? Devastated, right? And to add fuel to the fire, you will be faced with significant repairs to financing the damage from your pocket.

Typical home insurance covers flooding if a covered event causes it. For instance, home insurance will compensate you for the damage if a tree falls on your roof and causes leakage. However, home insurance doesn’t cover overland flooding — and since this is common, you must buy flood insurance to enjoy the coverage.

Floods can strike even in areas not considered floods-prone

You might think that you are safe, but the bad news is that floods can strike anytime, anywhere. According to FEMA, approximately 20% of flood insurance claims come from residents living in areas not considered at risk of floods!

Floods damage is expensive

Did you know that a one-inch rise in water levels costs about $25,000 in repairs? Yes, flood damage can be expensive. For this reason, you require flood insurance to ensure that you don’t incur costly out-of-pocket repairs when floods strike.

Where can I buy flood insurance?

Are you looking for flood insurance in Quakertown, PA, and its environs? All you need is to contact R&R Insurance Group LLC for an affordable quote.

What does condo insurance cover?

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Condo insurance is very similar in many ways to home insurance. It does, however, differ in some very crucial ways. The fact that condos have common areas and share things like exterior and interior walls and a roof makes insuring them different from a single-family home. Your homeowners or condo association will have a master policy that covers the shared areas meaning you are not responsible for the loss of the building and none of the grounds. R&R Insurance Group LLC in Quakertown, PA is an independently owned insurance agency, and we are passionate about helping local residents find the insurance products they need. 

Loss of use

Bad things happen. If something happens to your condo, and it is rendered uninhabitable what would you do? Immediately you will go to a hotel and if your unit has sustained severe damage that will require extensive repair, you will need to find a temporary rental to stay in. Loss of use coverage will help to pay for these expenses until you can move back home. 

Personal property

Most of your possessions are covered with condo insurance. For any big-ticket items, you probably need to have an additional rider to give you the coverage you need. 

Liability

If someone is injured while in your unit or by a member of your family, even a furry one, your condo insurance will provide the money you need to pay medical expenses and even a judgment against you, including legal fees. 

Loss assessment

This coverage will take care of any assessment the condo association requires you to pay. It covers things like replacing the roof, major structural repairs, or other large updates that need to be done. Many times assessments can run into five-figure numbers. 

Contact R&R Insurance Group LLC in Quakertown, PA when you have questions about condo insurance. 

Health insurance terms you need to understand

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Health insurance is one of the most important decisions you make every year and probably the one that is the most confusing. So many terms that you may or may not completely understand.  Abbreviations that might as well be a foreign language are enough to make you throw up your hands in frustration. At R&R Insurance Group LLC in Quakertown, PA, we are here to take the stress out of choosing health insurance. We are an independently owned agency that works with 14 top-notch carriers to provide our customers with choices. 

Network

The network is the providers who have contracted with the carrier you have chosen to provide services for their customers at a negotiated price. Every plan has a network. What you need to determine is whether your preferred provider is in the network for the plan you want to purchase. 

Deductible

The deductible is the amount you will have to pay out of pocket before services will begin to be paid for. The higher the deductible, the more reasonably priced the plan will be. Keep in mind this also means you will pay more out of pocket and could possibly not get anything paid for the entire year. 

HMO

The initials stand for Health Maintenance Organization. This is a type of managed care where health care services are provided through a network. Healthcare outside the network is usually not covered unless it is an extreme emergency situation. 

POS

POS stands for Point of Service. It is a managed healthcare plan that has a network of providers. You will receive the best rates from the providers in the network, but you will have some coverage for providers outside the network. 

When you are ready to choose your health insurance plan for the year, contact R&R Insurance Group LLC in Quakertown, PA at our office or on the telephone.