Questions tagged [insurance]
The promise that something will be paid in case of loss. 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.
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Can the Securities Investor Protection Corporation (SIPC) itself go bankrupt?
The Securities Investor Protection Corporation (SIPC) insures investor accounts up to $500K:
Terms of SIPC help. Customers of a failed brokerage firm get back all
securities (such as stocks and ...
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My mortgage handler mishandled my flood insurance proceeds - course of action?
My home flooded in August 2016. I received an insurance payout very timely.
My mortgage lender, Whitney bank placed the funds in an escrow account and informed me that I must use a contractor and ...
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car insurance claim, police report, minor damage and carfax
I parked my brand-new car on the street at night and woke up next morning to find out that someone, perhaps on the bike has hit it and the side mirror cover is off. The small dent on the side of the ...
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Gambling as geopolitical insurance
I am a British citizen living in Germany.
I do not know the odds of any particular outcome of Brexit (and I'm not sure how to calculate any odds, as I don't have any relevant expertise in politics or ...
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Insurance CoInsurance company discloses financial claim information to the doctor office without consent, resulting in debt harassment
My Mother's insurance requires her to pay all doctor office fees upfront and then file an individual claim for reimbursement. Is it illegal for an insurance company to disclose financial claim ...
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Can I pay off mortgage in full to keep my insurance claim check?
I've received an insurance claim check due to water damage in our house and the check was made in my name as well as my mortgage company's name. We believe that we can do the necessary repairs for ...
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Insurance premiums as an investment opportunity
Here is the scenario:
Let's say you are an insurance company and you pool premiums from policyholders in pools of different risk (low, medium, high). Now you want to propose to other people to stake ...
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What is covered by CDIC savings deposit insurance?
In the unlikely event that a financial institution fails in Canada, what is covered by the Canadian Deposit Insurance Corporation? What is the limit of coverage?
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Explain me the benefit of insurance policy
I have taken a life insurance policy from ICICI called "ICICI Pru Saving Suraksha LP". The details of my policy is given below.
Term: 15 years
Premium Amount: Rs 50,000.00
Sum Assured: Rs 500,000.00
...
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How does my current insurance work?
Sorry for the vague title, in case location matters this is done in Europe, Austria. And all of this was handled by the same agent. I will first write down what this is about and then ask the ...
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How to estimate specific insurance benefits?
I pay for a private occupational disablement insurance plan. This is on the first look a good thing from my point of view, because 25% of all employees encounter a disablement preventing them to ...
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HSA Distribution Reversal Challenges
I had been paying out of network dental providers the full amount on day of service with my Cigna HSA debit card. Then I received checks for the part insurance covers and deposited those in my bank ...
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What are things to look for when buying home insurance?
Rolling around to another insurance renewal period on my homeowner's policy. Aside from the premium and deductible (lower is better) and the coverage level (higher is better), what are the ...
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Business Bank Account vs Personal Bank Account
What is the best practice when opening up a business bank account for a business that I anticipate to be worth more than $250,000. Does the FDIC insure amounts more than this for business accounts? Or ...
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Why isn't auto insurance included in DTI
The debt-to-income ratio includes monthly payments such as your mortgage, car payments, student loan repayments, and child support.
However, it doesn't include payments such as auto insurance. I ...
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What would happen if something were insured twice? [duplicate]
This is purely hypothetical and I'm not sure how it would work.
Let's say that I own a house and I insured the building and its contents. Then I contacted another insurance company and I insured the ...
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Is it advised to minimize life insurance cover as investments grows over the time?
I am investing for retirement. I have covered myself with term/life insurance. I understand importance of insurance; that is not what I am asking here.
Premiums paid for insurance are expense. ...
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Are there any statutes of limitations on insurance claims?
I damaged my car a year and a half ago, and at the time I was mad and embarrassed at my mistake to the point that I just ignored it ever happened, even though I have full insurance on the vehicle (no ...
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Is buying a powerful motorcycle on loan is a good idea?
I am thinking of purchasing a Ducati motorcycle. Its price, including taxes, is about $22K.
I don’t own a car so I have no car payments. I had a $50k education loan which I paid off. I have about $...
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Is life insurance a financially sound safety net?
I'm the sole provider of a household of two - myself and my wife. I make enough to keep us both afloat, with a sizeable chunk of luxury on the side.
For practical numbers, I am a month away from ...
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Claim Money to upgrade
I received money to replace my gutter but not my downspouts, I received money for painting so my downspouts and gutters match. Can I use that money to put towards downspouts instead and just pay the ...
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Health insurance for psychological Skype consultations
I consult with an overseas psychologist via Skype. My current BCBS health insurance pays 80% when I visit my US psychologist. I don't know how to make the international health insurance since this is ...
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Would renters insurance cover this scenario?
This is US based. I have renters insurance and the coverage overview is as follows:
Personal Property
Loss of Use
Personal Liability
Medical.
I have read my policy, but I do not believe the ...
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Home Insurance companies and underwritten policies
I am in porcess to buy a home in San Diego. As it has been covered relentlessly in the news lately, it is not a secret that Southern California is very prone to fires. Now, I am shopping around for ...
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Portfolio insurance
I am thinking about betting the house, rather than the car, and will essentially pour all my entire net worth into the market. I am trying to find a way to protect myself against a major crash. I am ...
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how do you compare a private earthquake insurance company to using CEA in California
Regarding getting earthquake insurance in California, how can I compare a private earthquake insurance company (like geovera) to using CEA (California Earthquake Authority) in California. I have ...
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Mortgage Adviser Signed Me Up For Multiple Home and Life Insurances (UK)
So, back in 2016 we bought our home with the help of a mortgage adviser. During the process they signed us up for home insurance and life insurance. At the time I (perhaps stupidly) believed they ...
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Personal property insurance + travelling insurance + accident insurance + health insurance [closed]
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 ...
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How to determine the right level of disability insurance based on a person's lifestyle
I'm trying to determine what level of disability insurance is right for me.
A thought crossed my mind: certain people experience less risk of disability. A person who works from home is at less risk ...
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How do you get insurance for your first car?
I'm buying my first car soon, and I don't currently have any insurance - I'm an independent adult not covered by any parental umbrella insurance, and I need to cover my wife with my insurance as well. ...
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Having two different employer healthcare plans
I currently have two healthcare plans, one is United Health Care and one is Anthem Blue Cross. I'm able to get my health insurance in full from my old job which is why still have it(ABC). Anthem Blue ...
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What is the risk to me of moving my money to a smaller bank?
In light of the events in the banking market over the last few years, there have been calls from some quarters for investors to move their money from the larger banks, so they are no longer "too big ...
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I am being offered whole life insurance with a savings account. Should I take it?
I am being offered a savings account with a Whole life Insurance policy. I believe it is 100,000 policy for $30 a month. However, half of this goes to a savings account with a 4% "compound interest."...
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What happens to those huge company fines?
This is something that got me wonder a while ago, where the US, or the EU for example issue a huge fine to a company or a bank (Wells Fargo just got fined 1B$!), where is that money going? I mean will ...
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Increase in auto policy premium after removing 3rd car
My wife and I had 3 cars with Allstate. Homeowners, policy, umbrella policy, everything with Allstate. Same agent for 35+ years. Now the "kid" runs the show, somewhat arrogant, and enjoys all the ...
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Do I need Personal Injury Protection if we have great health insurance?
We don't have any maxes on our insurance and our deductibles are not too bad so it seems like carrying personal injury protection on our car insurance is a waste. I want to lower it to the min 20/40k ...
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Spouse termination documents affecting insurance
A little background: my wife recently changed jobs and is now working part time with a new employer. I want to add her to the health plan I have with my employer, but was told I need confirmation that ...
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Does PMI (Private Mortgage Insurance) exist for commercial real estate assets? [closed]
Any idea? PMI is used until borrower retains a large enough equity interest in the asset. Do insurance companies offer the same for commercial assets? Help would be HUGE.
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New mortgage lender is requiring I buy condo owners insurance
I live in California, I have applied to refinance my condo, which I have owned for 30 years. The new lender is requiring that in addition to the HOA (Homeowners' Association) insurance policy on the ...
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Why can you not have more than one car or homeowners insurance policy?
It is not only possible, but often encouraged to have more than one life insurance policy (for example, the first term policy you have, plus a new one as your financial needs have changed, plus one at ...
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Why do people divide their liability coverage into primary and excess?
I sometimes hear that someone has "$300,000 of primary coverage and $1,000,000 of excess coverage." Why do they not just purchase $1,000,000 of primary coverage? What is being gained by splitting the ...
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Does my life insurance company have to tell me the interest rate for borrowing on my cash value before I process the loan?
I have a permanent (whole life) insurance policy. I want to take out a loan on my cash value, so I called the company to get information. The company representative told me that they would give me ...
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Can corporate insurance coverage continue even after resigning?
While working at a company in India, I was covered by a corporate insurance policy. Also, I was asked to pay the annual premium for including my parents to the policy.
In December, I had to resign ...
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Can mortgage insurance replace PMI?
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 principal up to 20%. ...
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Sane master insurance policy for two-unit condo association
I live in a two-unit condo building (conversion from old house) in Massachusetts, and both units are owner occupied.
Our master insurance policy for the condo reads like it is meant for a large condo ...
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How do I buy bundled insurance policies?
I currently have separate policies for home, auto, and term life insurance with three separate companies. I've read in multiple finance Websites that I should consider whether bundling policies with a ...
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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 ...
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For very high-net worth individuals, does it make sense to not have insurance?
Various types of insurance (health, car, life) protect you from relatively low probability but very expensive events in life (cancer, serious car accident, etc.) For the average person, it makes sense ...
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Estimated car insurance cost without personal information [closed]
What are the best websites for estimating car insurance price without leaving personal information?
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Finding problems with house after purchase
We recently bought a house in Nebraska, USA. I am British and this was my first experience of the US home buying process (and I hope my last!). I am hoping for some guidance as to whether either the ...
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