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
38 views
What is the reasonable amount yearly for a Hospitalization + Disability Income + Critical Illness Insurance?
I live in Singapore.
I'm in my mid-20s and I currently have medical insurance that covers hospitalization bills. This amounts to roughly USD 250 per year. However, I lack Critical Illness insurance ...
8
votes
1answer
179 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%. ...
12
votes
6answers
876 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 ...
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.
...
9
votes
8answers
1k views
The doctor didn't charge the health insurance in time, am I liable?
I got a bill for an emergency room visit for one of my kids. It was the weekend and that was where the insurance told us to go. Luckily no stitches needed. Fast forward 7 months and I get a bill ...
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 ...
2
votes
2answers
165 views
Better LIC health insurance plan? [India]
I have just started working. I have a plan of taking a insurance for myself
where I could pay a maximum of Rs.2000 as premium.
Can any one suggest how I should go about finding a better policy for ...
3
votes
3answers
117 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 ...
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?
1
vote
1answer
56 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
78 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 ...
4
votes
4answers
163 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 ...
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 ...
4
votes
1answer
136 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, ...
12
votes
6answers
959 views
Do I need ID theft Insurance?
Identity theft insurance?
Dave Ramsey says yes. Consumer reports (CR) says no.
The complication is that Dave recommends an identity theft insurance from Zander Insurance, where as CR says to say no ...
10
votes
5answers
250 views
What's the difference between Term and Whole Life insurance?
How would one decide which is most appropriate? Are there tax or benefits differences that one offers over the other?
10
votes
4answers
274 views
How to value employee benefits?
How should I value benefits such as health insurance and employee stock purchase plans when I'm comparing jobs? I'd like a conversion to dollars so I can fairly compare them to jobs with only direct ...
4
votes
2answers
177 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
132 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
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 ...
1
vote
0answers
55 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 ...
12
votes
7answers
299 views
Buying insurance (extended warranty or guarantee) on everyday goods / appliances?
I have a practice of never buying insurance except when the law demands, such as car insurance, or when the loss would be too great to bear, such as house insurance, and this policy has saved me a lot ...
10
votes
1answer
189 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
155 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 ...
12
votes
5answers
789 views
Why should I invest my money in a life insurance policy?
As i am 24 now i get lot of calls from lot of insurance companies asking to take up an insurance policy.... So i decided to get answers for some of my questions in basicallymoney...
Why should i ...
8
votes
3answers
818 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 ...
3
votes
1answer
511 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 ...
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 ...
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 ...
5
votes
2answers
105 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 ...
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 ...
9
votes
2answers
126 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 ...
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 ...
13
votes
5answers
544 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
3answers
457 views
How important is disability insurance, e.g. long-term, LTD? Employer offers none
How important is it to have disability insurance? My employer does not provide it. I work in the web development business.
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 ...
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 ...
8
votes
1answer
313 views
Trip Interruption insurance vs. Trip Cancellation insurance: what's the difference?
My credit card says they offer trip interruption insurance as a benefit. But I was only familiar with trip cancellation insurance. Are these the same or different?
2
votes
2answers
162 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 ...
6
votes
1answer
147 views
Do Americans still need extra health care / medical insurance after reform to health care? [U.S.]
Does the passage of the recent bill in the US change the way Americans budget for health care? If so who benefits?
3
votes
3answers
182 views
Do I need another health insurance policy?
I am 24, single, no dependents, and provided with a co-terminus health insurance policy by my employer.
I understand that if I have multiple health insurance policies, I can only make claim from only ...
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.
...
8
votes
5answers
1k views
Is an iPhone insurance or warranty a good buy, or a waste of money?
I normally don't pay for product protection plans or extended warranties on electronic devices, but I just got a new iPhone 4, and it sits at the nexus of portability (losable and drop-able) and high ...
10
votes
4answers
247 views
At what age should I consider buying long term care insurance?
An oft overlooked, but important insurance product that has the ability to protect us from a reasonably likely and fiscally devastating event, Long Term Care insurance seems like something I am out to ...
9
votes
1answer
176 views
What is long-term care insurance ? How does long-term care insurance work?
What is long-term care insurance?
How does long-term care insurance work?
Who should consider getting long-term care insurance and why?
