Members of the armed services can be deployed on short notice, leaving little time to address their personal or business affairs. Insurance coverage, in particular, is often affected when someone moves out of state or spends an extended period of time away from home. Before you purchase any insurance policy, it is a good idea to ask the agent or broker specific questions about how the company will handle issues related to the deployment of their policyholders who are in the military. Each company’s guidelines can vary. By shopping around, you may be able to find an insurer who takes the specialized needs of service members into account. It might be difficult to handle routine business like paying premiums timely or renewing policies when you’re deployed. Talk to your agent before you leave to learn when a policy is up for renewal and to make arrangements to pay your premiums. You may be able to renew a policy early or have your premiums paid by automated bank draft. Some insurance companies might also allow you to suspend certain coverage while you’re deployed. Most insurance companies use payment history and continuity of coverage as factors to determine their rates and eligibility standards. If your insurance lapses or expires while you’re away, you could come home to find companies unwilling to insure you or only willing to do so at a higher rate.
————————————————–
MilitaryConnection.com, a portal of all things military, has become the “go to” site for resources, news and information that is of importance to the military audience. We have thousands of pages and hundreds of databases to keep you current on the information you need to have. With something for everyone, we take pride in providing all of our resources free to users. Additionally, we feature all types of insurance issues like this one to keep you informed. We will post your press releases, special events, newsletters, professional conferences and seminars, reunions, job fairs, and videos to help organizations get out the word. One of the areas of our focus is connecting candidates from the military community with outstanding government and civilian employers. We are well aware that candidates from the military community across the board have a work ethic second to none. They make highly valued employees. MilitaryConnection.com has a multitude of employment resources including a Directory of over 30,000 employers, Job Tips, Columns, Virtual Job Fair and our new and improved Job Board, featuring our Virtual Marketplace where you can post free ads for items you want to buy, sell or rent , and much more. We understand the importance of education. Please check out our new Scholarship Directory featuring thousands of scholarships. When the next tour is back home, it’s on MilitaryConnection.com.