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Legacy Benefit Solutions

Insurance, United States, Pennsylvania, Pittsburgh

Innovative insurance solutions for businesses. Experts in group benefits administration and compliance support. Your trusted partner in employee benefits.

About Legacy Benefit Solutions

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Pennsylvania state
Official Website
http://www.legacybenefitsolutions.com
Location Address Official Phone Email
United States of America, Pennsylvania state United States, Pennsylvania, Pittsburgh **** ****
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FAQs – Legacy Benefit Solutions

How does facultative reinsurance differ from treaty reinsurance?

Facultative reinsurance covers specific risks that are individually negotiated, while treaty reinsurance provides coverage for an entire portfolio of risks under a pre-agreed contract. Facultative reinsurance is more flexible but requires more underwriting effort than treaty reinsurance.


Can liability coverage protect me against lawsuits?

Yes, homeowners liability coverage can protect you against lawsuits. It helps pay for legal defense costs, court fees, and any settlements or judgments if you’re found liable for an accident or injury.


Can third-party insurance cover passengers in my vehicle?

In some cases, passengers may be covered if they are considered third parties and not directly related to the policyholder.


What risks are usually excluded from homeowners' insurance?

Home insurance policies commonly exclude flood damage, earthquakes, mold, termite infestations, neglect, intentional damage, war, nuclear hazards, and business-related losses unless special coverage is added.


Are there any drawbacks to Usage-Based Insurance?

Some potential drawbacks include privacy concerns, the need to maintain a good driving record, and the fact that drivers who don’t participate in the program may not benefit from the discounts.


What is health indemnity insurance?

Health indemnity insurance provides reimbursement for medical expenses, allowing policyholders to receive compensation for treatments, hospital stays, and procedures. Unlike managed care plans, indemnity health plans offer flexibility in choosing healthcare providers and cover expenses based on predefined limits.


Can I purchase short-term disability insurance on my own?

Yes, you can buy a private short-term disability policy through an insurance provider, but many people get coverage through employer-sponsored plans, which may be more affordable.


How does underwriting affect my home insurance?

Underwriters assess the risk of insuring your home based on factors like location, age, condition, and claim history. These evaluations determine the premium you pay, as well as any exclusions or limitations on coverage.


Comprehensive Market Research

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