Thursday, May 26, 2011

Homeowners insurance inventory - there's an app for that!

Our last post dealt with various tools and technologies for keeping home inventories, and we just learned about a free new app for iPhones. The National Association of Insurance Commissioners (NAIC) have introduced myHOME Scr.APP.book, a tool that lets you capture images, descriptions, bar codes and serial numbers. It looks great. You can see a brief 2 minute video demo below and you can get tips from NAIC's InsureU on how to create a home inventory. And if you don't have an iPhone, there's always the low-tech method, which works too. NAIC offers a Home inventory checklist.

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1. Prohibit pre-existing condition exclusions for children in all new plans;

2. Temporary high-risk pool for Americans with pre-existing conditions;

3. Insurance companies no longer able to drop sick people;

4. Lower seniors prescription prices by beginning to close the donut hole;

5. Tax credits to small businesses covering employees;

6. Elimination of lifetime and annual benefit limits;
7. Children can stay on parents' coverage until age 26;

8. New plans must cover preventive and immunizations;

9. Consumers will have processes to appeal insurance plan decisions;

10. Rebates to enrollees from insurers with high administrative expenditures and public disclosure of the percent of premiums applied
to overhead costs.