the promise that something will be paid in case of loss. Often used to cover important items, and reduce personal risk. This tag covers how to get it, how to keep it, what kind, and why you should have it.
1
vote
1answer
35 views
Can a non-resident claim an out of pocket health cost tax deduction?
I am a graduate student and my health insurance is paid by the university. I had an emergency visit and few subsequent doctor's visit in last financial year which were not covered by the insurance and ...
0
votes
0answers
26 views
Does filing an insurance claim raise your rates or have other bad effects? [duplicate]
We have a deductible on our insurance (say home or auto). Suppose we were to file a claim, largely but not solely in our deductible.
Would our rates go up?
Are there other bad effects?
4
votes
1answer
67 views
How can one guarantee income in the event of incapacitation and also in the case of death in UK?
I wanted a policy that protects my family in case I get injured or get ill (incapacitated) and also in case I die. They suggested a combination of Income Protection Insurance and Life Insurance.
...
1
vote
1answer
55 views
How does mobile home insurance work?
Let's say I have a 2000 model mobile home work around 20k and it is insured for 65k with replacement cost coverage, if it is damaged and has 20k to 25k in damages would the insurance pay to fix it or ...
6
votes
1answer
77 views
Personal liability insurance with no car or house
Is it possible to get a personal liability insurance if I don't drive (I don't have a driving license and I don't own a car) and if I don't own a house (I am renting)?
The use case I'm thinking about ...
3
votes
3answers
112 views
is it good to buy insurance policy as investment for beginner?
I have no investment experiences before. So want to get some suggestions.
Lately one insurance adviser was suggesting to buy one insurance policy as investment (they called it as saving plan ) . Here ...
4
votes
4answers
162 views
Personal property insurance + travelling insurance + accident insurance + health insurance
The definitions of the specific terms of the insurances differ among different companies.
Also, some insurances like Travel Insurance is substitute of Property Insurance during certain specific of ...
4
votes
1answer
133 views
Home rebuilding cost vs “Cost Approach (If Developed)” on appraisal?
I am in the process of buying a home. The lowest cost to rebuild quote I've been able to get is $309,000. I just got my appraisal back today. And it has something call "Cost Approach (If Developed)". ...
2
votes
1answer
57 views
How do I obtain the foreign equivalent of homeowner's insurance when buying a vacation home in another country?
I am considering purchasing a property in another country as a vacation home. I'll continue to live in the US (nation of citizenship), but may consider using the foreign home as a retirement locale, ...
4
votes
2answers
163 views
How can I get values of household items for my homeowners insurance?
I have homeowners insurance that covers my home and has a flat coverage for household items. For additional coverage you need to provide evidence of value. We have many items for which we don't have ...
3
votes
2answers
74 views
Personal property insurance, without home insurance
I'm trying to insure an engagement ring, and have been advised to look into personal property insurance. However, these schemes all seem to be a bolt-on option to home insurance or home contents ...
2
votes
1answer
129 views
UK: Is there a difference between Renter's, Tenant's and Contents Insurance?
I'm in the UK, needing to get some insurance for my possessions, and I'm getting confused by the terminology in trying to do so.
When I search for tenant's insurance or renter's insurance, I can ...
1
vote
0answers
53 views
How to evaluate a cancer insurance policy?
I know that medical emergencies could be fatal for emergency funds and other personal finance aspects.
How can you evaluate a cancer insurance policy? What are the aspects that makes one policy ...
1
vote
3answers
145 views
How to protect a Stock you still want to own from a downturn?
I have a few stocks on my portfolio that I still like and I still believe I should own. They still meet all my buy signals, so I will still buy them today.
However, the stock market is not doing ...
10
votes
1answer
188 views
How does unemployment insurance work?
I hear people on the radio going on about emergency funds to cover job loss, and I'm wondering how unemployment insurance factors into this. I've never applied for UI, let alone received it, and I'm ...
12
votes
2answers
288 views
What will the penalties be for someone with out insurance after Affordable Care Act takes effect?
If I currently don't have health insurance will I have to buy a plan? If I do not what will the penalties be?
7
votes
1answer
64 views
Am I elligible to contribute to an HSA plan if my spouse is on Medicare?
I'm a little confused about the IRS qualification rules for an HSA account specifically with respect to Medicare. The eligibility rules state that You must not be currently enrolled in Medicare.
So, ...
1
vote
3answers
144 views
Should I elect to have my long term disability insurance be taxable?
My employer offers long term disability insurance as a standard benefit, and they also give me to option to make it taxable. From what I can tell, this means:
The premium is added to my taxable ...
3
votes
1answer
112 views
What kind of insurance would cover death/disability for organ donors?
Let's say I'm going to be a living donor for a relative. I'm about to willingly undergo major surgery with known (albeit low) risks. I will be taking on significant debt to pay for the whole thing. I ...
5
votes
2answers
103 views
Home loan: loss payable clause in favor of lender for home insurance?
I am buying a house, and got a set of documents from my lender today. A part of that document says:
Please notify your insurance agent that your hazard insurance and if applicable, your flood ...
3
votes
2answers
84 views
Tips for insurance coverage for one-man-teams
I'm a solo software developer and would like to find some reasonable health insurance for myself.
My wife has a job which allows me an opportunity to participate in her insurance group, but it is a ...
2
votes
1answer
107 views
“Surety Bond” as a cheaper alternative to auto insurance in Florida
There is very little information about "surety bonds". Officially, it looks like FL is one of the states that accepts surety bonds as an alternative to liability insurance. What are pros and cons vs ...
2
votes
4answers
120 views
Canceling credit cards - insurance rate increase?
So, in the U.S., everyone seems to want to have a great credit score. But, if you are doing well financially, you probably won't have much debt. In fact, I don't really want to have a bunch of ...
6
votes
1answer
209 views
Comparing Life Insurance Proposals
I want to compare different types of Life Insurance in which a series of annual premiums are paid for a specific term. At the end of policy term, which may be longer than premium paying term, a ...
3
votes
2answers
141 views
What options exists if your wife's employer doesn't cover any type of maternity leave?
Recently I discovered that not all employers will cover maternity leave. Many will allow an expectant female to leave for a period of time, but it will be under a leave without pay license.
Aside ...
2
votes
2answers
160 views
Going carless: how long before insurance no-claims benefits and good history become invalid should wish to become a car owner in future?
Going carless: how long before car insurance no-claims benefits and good history become invalid should wish to become a car owner in future?
Update:
Based in UK, would keep license. Reason for going ...
0
votes
1answer
85 views
Self paid Insurance Premiums and taxes
Currently my employer proivdes a Health Insurance Allowance (which I understand is really just added compensation), but I am wondering if it is possible to somehow shield that money similar to a ...
2
votes
2answers
67 views
How to balance spending on different types of insurance?
Given that I'm spending $x per year on insurance, I would like to know how to most efficiently spend that money (on car, house, disability insurance etc) in order to minimize my overall risk of loss.
...
2
votes
2answers
161 views
Gap in domestic Health Insurance coverage, expect higher premiums?
I am going to be living abroad for a year. I left my employer and am on short-term health insurance until I leave. I wasn't planning on maintaining domestic coverage (U.S) while I was abroad, but I am ...
8
votes
3answers
258 views
What kind of company is USAA?
I'm a member with USAA. My membership eligibility is based on family membership.
I'm a little bit confused about what kind of company USAA is. I have the general idea that it is a company that ...
1
vote
2answers
82 views
Is health insurance a wash in this case?
Let's say one makes 50k per year base at a company that pays 100% of the cost of a 10k per year medical plan.
Now, a different company pays 0% for their similar 10k health care plan. The base pay is ...
9
votes
2answers
125 views
Tools for comparing costs between different healthcare providers?
I have a high deductible health insurance plan. That means the first $2000 or so expenses per year are not covered by my insurance.
What's a good way to compare health care costs from different ...
1
vote
1answer
85 views
Could I use credit default swaps (CDS) to protect myself against decline of the Euro? Or, what else?
I'm not sure what will happen to the Euro. What options do I have to assure that my capital will not be diminished, in the event something bad does happen to the Euro?
Are credit default swaps (CDS) ...
3
votes
1answer
499 views
How can I improve my auto insurance score?
My auto insurance score on Credit Karma is 805. It also says insurability is poor. I was wondering if there is a way to improve that score? I have never had an accident and I am never late on my ...
12
votes
6answers
860 views
How to best insure my phone?
I just bought a smartphone. Family plan with wife and parents. The salesmen were trying to push an insurance plan, but with just a quick look down the exclusions it's pretty restrictive. At $8 per ...
3
votes
1answer
55 views
Does COBRA eligibility depend on other health insurance options?
I left my job, and went on COBRA. I started a new job, but the health insurance offered at the new job is a worse value than the COBRA coverage. I'm still eligible for COBRA, right?
They happily ...
1
vote
2answers
90 views
Health insurance lapsed due to employer fraud. How to get medications while in transition?
Recently my health insurance was cut off due to my parent's employer pulling some bookkeeping trick for the past few months where we were being given health insurance but it was off the books - ...
7
votes
1answer
169 views
Can mortgage insurance replace PMI?
So I recently bought my first house, and admittedly have no idea what I'm doing when it comes to home financing. I did not put down 20% so I have to have PMI until I pay off the principle up to 20%. ...
8
votes
3answers
787 views
What to do with expired cards (credit, debit, insurance cards, …)
I wonder if it is safe to throw away expired cards (credit cards, debit cards, health insurance cards) with name and card/account/ID number as trash. Even if other people have them, will they be able ...
2
votes
1answer
120 views
Why would I enroll in a Limited Purpose FSA, on top of an HSA?
Open enrollment is coming up and I have the option to open both an HSA and a limited purpose FSA, which only covers dental and vision expenses. Why would I participate in both?
5
votes
1answer
918 views
How does retroactive COBRA coverage work?
I'm voluntarily leaving my job at the end of this month for a new position in a couple of weeks. At my new job, I have health care coverage effective my first day of work. My current coverage ...
5
votes
3answers
163 views
How do I remember to use Visa Signature benefits, such as extended warranty on purchases?
My bank has upgraded my credit card to a Visa Signature card, which comes with benefits such as Warranty Manager Service (up to one additional year of warranty), Purchase Security (reimbursement for ...
1
vote
3answers
252 views
How do I calculate the dwelling coverage I need from the information I have?
I have just finished ratifying a contract for a home purchase. Our timeline for getting everything done is fairly tight and I'd like to start getting the homeowner's insurance squared away as soon as ...
13
votes
5answers
537 views
How can life insurance possibly work as investment?
Every here and there I hear about the following investment option: There's an insurance company that is willing to take my money and hold it for some very long time (like 5 years or more) and then ...
11
votes
5answers
450 views
How much should I fund an HSA? Is there a danger in over-funding one?
I'm reviewing my options for health insurance during open enrollment and one of them is a HDHP/HSA option. I hear these are best for young people without chronic conditions etc. I think I fall into ...
7
votes
3answers
151 views
At what point does it become worth it to file an insurance claim?
Let's say that a person has a $500 deductible on a home. Let's say that there would be a claim at x dollars. I think it's clear that if the claim was $501, that it wouldn't be worth it, due to higher ...
5
votes
2answers
85 views
Tips to putting the yearly health insurance payments to work
I have been making my annual $1.5k health insurance payments to Blue Cross and now it feels like I am pouring money down the drain year after year!
Since I exercise daily, eat healthy and keep myself ...
9
votes
3answers
83 views
Comparing/reviewing personal health insurance plans for the self-employed
I'm looking at needing to acquire personal health insurance in the next few months as I move from a job with good benefits to self-employment, and I've found that it's pretty difficult to compare the ...
3
votes
3answers
80 views
Is travel insurance only for when we go to outside country by Air or it can be also in within country?
Is travel insurance only for when we go to outside country by Air or it can be also in within country?
What is the benefit of Travel Insurance if I'm already having Life and Health Insurance?
Is ...
2
votes
3answers
3k views
What is the difference between Health, Medical and Life Insurance (India) and Which one I should take my self and which one for my wife?
What is the difference between Health, Medical and Life Insurance (India) and Which one I should take my self and which one for my wife?
I want to take insurance for safety + tax saving purpose. What ...
