Monthly Archives: August 2017

Chicago Startup Wants To Help You Buy Home Insurance With an App

York flooded streetA Chicago-based startup is looking to make applying and getting homeowners insurance much easier.

Kin Insurance, which was founded by Sean Harper, Lucas Ward, Jason Heidcamp, and Sebastian Villareal, is merging the insurance world and the digital age. Kin is making it easier than ever to insure a home, and the company’s app is targeted primarily to Millennials and those who may have no idea what they’re doing. These entrepreneurs believe Millennial home buyers will be more comfortable buying insurance through an app than in person.

The average person moves 12 times in their lifetime, and Millennials are especially prone to migration. College education is a major factor in how likely a person is to move, with nearly three quarters of college graudates changing location at least once.

Now, Millennials are finally settling down and buying homes in greater numbers, and Kin wants to find them when they do.

How Kin works is easy — their app enables homeowners to insure their home with just a click of a button. All the information they source on the home comes from a variety of online sources, and Kin relies on self-reported information from past homeowners. This wide array of information makes it easier than ever for the homeowners to bypass filling in boring details about their home — such as the number of windows they have or the type of shingles on their roof.

Kin believes their best asset is the fact that their insurance approval is automated. This means that there is a lot less paper pushing and overhead from multiple insurance companies, and applicants will get their results in less than one hour after filling out their simple questionnaires.

“Usually it will take around an hour of form filling to get your application submitted… Depending on the situation, it can be another 6-10 communications to get the whole process done,” Harper, one of the founders of Kin explained to TechCrunch. “For us it’s just three clicks.”

When applying for homeowners insurance, there are four factors that will influence the cost. They include the estimated cost to rebuild the home if it was destroyed, the home’s age, the neighborhood’s fire protection rating, and the applicant’s personal claims history. But the biggest problem, according to Harper, is not the cost of applying, it is how the insurance is sold.

Most homeowners purchase insurance through brokers and agents. However, Millennials, who are buying homes in greater numbers, don’t want to go through the same process their parents did. That’s where Kin can step in, giving homeowners one less thing to think about when it comes to purchasing a home.

Kin officially launched in the beginning of August with a $4 million investment backing. Their primary market is in Flordia, but the founders believe that within a year, Kin will be available nationwide.

Study Shows Poor Oral Health Contributes to Senior Malnutrition

A new study published in the Journal of the American Geriatrics Society has named poor dental hygiene as a contributing factor for malnutrition in elderly Americans. With around 47.2% of all adults above the age of 30 already suffering from some form of periodontal disease, there is significant concern that there is a widespread contributor to malnutrition and poor health that is not adequately being treated.

The study was performed by researchers from the University of North Carolina School of Medicine and aimed to determine what were the key risk factors associated with older adult patients who were receiving emergency care as the result of malnutrition and related medical issues.

Two hundred fifty-two patients, all 65 and older, were selected for the study across North Carolina, Michigan, and New Jersey. Those selected were then screened for malnutrition and asked about the possible risk factors.

The study found that 12% of the people in the study suffered from malnutrition. That number is in line with previous estimates. The number was slightly higher in North Carolina, prompting researchers to note that North Carolina has the third highest rate of elderly individuals living below the poverty line.

Additionally, the study found that over half of the study participants had some form of dental problems, and perhaps more significantly, those with dental issues were three times more likely to experience malnutrition.

Poor dental health is a problem that poses significant challenges for seniors, but also one that is not easily fixed. Colin Burks, who is a medical student at UNC and the lead author of the study, explained.

“Improving oral health in older adults will be more challenging but also important. Medicare does not cover dental care.” Burks said to Dental Tribune. “Fixing dental problems not only makes it easier for these individuals to eat but also can improve their self-esteem, quality of life and overall health. We need affordable methods of providing dental care for older adults.”

The fact that Medicare does not include dental insurance is key to understanding why so many seniors struggle with their dental health. The average retirement age is 63 years old in the U.S., but the average life expectancy is almost 79 years. That means seniors have almost 16 years of either paying for dental care out of pocket, paying for a private insurance plan, or not receiving dental care at all.

Some states, like California, have taken to offering some seniors access to medicare-styled dental care programs. But as KUSI News reports, there are a number of serious concerns about the underfunding of the state’s Denti-Cal program.

Until a time when dental care is more widely accessible to seniors, it seems likely that malnutrition problems will continue.