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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How do daily quitable insurances ever make money in Germany?

I am having a look at renter legal insurances in Germany refer. The Bavaria direct says I pay 11.12 euros a month to get a rental insurance, and I should, in theory, be able to get a lawyer who ...
tryst with freedom's user avatar
3 votes
2 answers
244 views

Why does our home insurer want to know details of a previous policy with another insurer?

Our house has some external 'staircase' cracks, and is likely affected by subsidence. We have got in touch with our insurance company about this, and they have started the process of investigating the ...
8128's user avatar
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1 vote
1 answer
122 views

Will I get a refund for my insurance renewal?

I Switched insurance from company A to company B. Insurance A had already charged the renewal amount December 9th even though I’m not due to renew until December 22nd (since that’s when my coverage ...
Victor Gonzalez- Cortez's user avatar
8 votes
3 answers
3k views

Switching health insurance due to birth of baby

Expecting a baby in a few months and also working through Open Enrollment season. If I chose a low deductible plan for the beginning of 2024, and then switch to a high deductible plan after baby is ...
kk7534's user avatar
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0 answers
132 views

Can an individual insure oneself against the potential liability placed on software developers by the Cyber Resilience Act?

I asked a question on law about the responsibilities placed on open source software developers globally who want or have to stop work by the forthcoming EU Cyber Resilience Act. The answer has ...
User65535's user avatar
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0 votes
1 answer
224 views

How do I get my lender to remove PMI from my loan?

I've asked my home mortgage lender several times to remove the private mortgage insurance (PMI), and they said, "No, it is for the life of the loan." We are down to only $20,000 on our loan ...
Lori Crabill's user avatar
14 votes
3 answers
8k views

Can a roofing company charge me more money for the cost of the roof 2.5 years after they were paid and job completed?

I had my roof done (in Florida) 2.5 years ago. I paid my deductible and they were paid by my insurance company just after that. Now, just 2 months ago, again 2.5 years later, I get a call from them ...
Kim Deleo's user avatar
  • 149
11 votes
2 answers
5k views

Can a homeowners insurance demand that I perform specific maintenance at my home?

Our insurance company sent someone out to take photos of our home. They then sent us a letter stating we must fix cracked windows and remove any foliage that is near or hangs over house and out-...
Michael's user avatar
  • 111
5 votes
6 answers
4k views

How can I find out what % of the health insurance premium my employer pays?

Let's say I pay $600/month (deducted from my paycheck) for the premiums in my PPO plan. Is there a public place to check how much of the premium my employer pay (without needing to ask them of course)?...
Henley Wing Chiu's user avatar
14 votes
3 answers
4k views

What's the incentive for an at-fault driver to respond to a third-party claim?

I have filed a third-party claim worth about US$3,000 with the at-fault driver's car insurance in California. The other driver has been unresponsive to the adjuster. If this continues for another ...
Kevin Chen's user avatar
0 votes
2 answers
119 views

Closing a car insurance claim the day after filing it, with zero dollars paid and no actions taken on the claim: will premium typically go up?

Consider cases where you file a claim, and close the claim the next day, and the insurance company paid you zero dollars and took no actions on the claim such as towing or inspecting the vehicle etc. ...
user3752935's user avatar
3 votes
1 answer
2k views

Can an executor to a will renew insurance policies of the deceased person?

A mother, with a relatively high net worth, dies while owning a home. While she was alive, she had home owners insurance and a personal umbrella policy. While the estate is being settled, her son ...
Bob's user avatar
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0 votes
1 answer
167 views

How old a car needs to be for one to request diminish value claim

I am based in NC. My car was hit by another vehicle. The person who hit us, his insurance company paid for repairs. My car is from 2015. When I made request for a diminished value claim, I was told “...
OpenStack's user avatar
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-1 votes
1 answer
185 views

How to deal with insurance after car accident

My car met with an accident early January. The doors were slammed and the person who hit our car admitted his fault and confirmed his insurance will take care of expense. This is what happened (...
OpenStack's user avatar
  • 127
0 votes
1 answer
236 views

Why would an insurer ask for a voided check instead of account+routing numbers to send an electronic funds transfer (EFT)?

Some insurer in the US has to send me some money. They wrote me the following: If you would like an EFT deposit we would need a copy of a voided check. Why would an insurance ask for a voided check ...
Franck Dernoncourt's user avatar
14 votes
4 answers
4k views

Annuity money is not insured?

I am thinking of buying an annuity. I am worried about the following words on the contract. Is it the standard way of an annuity? If something goes wrong, will I lose ALL my money? I am in the USA. ...
peterB's user avatar
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-1 votes
4 answers
598 views

Insurance Fees on Withdrawal on Trade Account [duplicate]

The company is called Anvex Trades and they are based out of the UK. I have seen many inconsistencies in this account manager, and I can see it right through her lies. Yes, shame on me for falling for ...
Lee's user avatar
  • 353
0 votes
1 answer
64 views

Dual insurance question

Here is the scenario: I am about to retire from the state of CA, but I will retain my State of CA health insurance (PPO--Anthem PERS Gold). I am going back to federal employment, and I have several ...
Kyrie in CA's user avatar
1 vote
2 answers
127 views

Why do some whole life insurance plans have a Minimum Required Fixed Interest Strategy Allocation (MRFISA)?

Some whole life insurance plans have a Minimum Required Fixed Interest Strategy Allocation (MRFISA), which is defined as follows: Minimum Required Fixed Interest Strategy Allocation (MRFISA): A ...
Franck Dernoncourt's user avatar
3 votes
0 answers
49 views

How to handle income tax for weird insurance claim scenario

About 5 years ago, a dependent attended a treatment facility in another state. All of the insurance checks were sent to me and I forward them on, since the facility was out of network. We thought this ...
John Fisher's user avatar
-1 votes
1 answer
115 views

What's an Index Interest Strategy Charge Rate in a long-term care (LTC) insurance plan?

I'm looking at some Life Insurance Illustration (mirror) for the Long-term care (LTC) insurance plan "Nationwide Indexed UL Protector II 2020" managed by the Nationwide Life and Annuity ...
Franck Dernoncourt's user avatar
1 vote
2 answers
118 views

Orthodontist billed full amount and back dated with my new insurance, must it be billed this way?

I just got new insurance and they cover orthodontia as of December 2022. However, my braces were put on in October of 2022. The braces cost $5,500 and I have already paid $3,000 of this cost. I called ...
Shelby DeMers's user avatar
2 votes
1 answer
290 views

Can unpermitted work cause an unrelated insurance claim to be denied?

For example, if I install a deck on my property without a permit and then a hurricane rips my roof off, could the claim get denied? Or if I install drywall in my garage and turn it into living space ...
Josh K's user avatar
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-3 votes
1 answer
190 views

Can I make an insurance claim against the YMCA for the damage and theft from my car, which happened in their parking lot?

Clarification: Yes, we were negligent in placing the handbag in the rear passenger seat. We thought since it was dark and in an enclosed and busy parking lot, and the passenger windows were tinted, it ...
likejudo's user avatar
  • 111
5 votes
3 answers
224 views

Life insurance to cover care for an older relative

Suppose that I provide support for a much older relative. I worry that in the unlikely case if I die before the relative, the relative will not be provided for. Is there a life insurance that pays ...
Boris Bukh's user avatar
0 votes
1 answer
74 views

How does insurance work in the US in case of long hospitalizations?

I have been reading some advance directive (living will) documents online and I wondered what happens when one is in the hospital and is in a vegetative state. I am trying to cover my dependents and ...
heretoinfinity's user avatar
0 votes
1 answer
196 views

In Germany, do insurance payouts get taxed?

I live in Germany and I am a full-time employee. I subscribed to insurance in a foreign country, on top of the German statutory insurance. The main benefit of this insurance is that, after 5 years of ...
snowpeak's user avatar
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2 votes
0 answers
57 views

The formula for a decreasing annuity (discounted by an interest rate) term life insurance?

Sometime when you are getting a quote for a term life insurance, they offer you 3 options: For a period T, and amount insured A. Fixed (payout is always A in the entire period T) Linear desceding (...
cbdeveloper's user avatar
16 votes
3 answers
8k views

I got a USPS insurance check today for a package I got yesterday

So there was a USPS package I was supposed to have gotten on Sept 1, per Informed Delivery. I waited several more business days, just in case, and then went to the post office to ask about it and they ...
neubert's user avatar
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13 votes
2 answers
3k views

Am I supposed to buy insurance when renting apartments in the US?

Are tenants supposed to have some kind of rented property damage insurance? What are the customs in the US? In other words: should I find an insurance company that covers expenses if I damage anything ...
stkvtflw's user avatar
  • 251
0 votes
1 answer
160 views

Can I get money from both insurance companies because of a damage in parking lot?

Few days ago I noticed a damage on my car's body that was parked in my parking spot. There was a paper on the car that "Sorry for this happened, please call to talk about the insurance ...". ...
GoodMan's user avatar
  • 140
3 votes
1 answer
130 views

How do I figure the true weekly cost of health insurance out of my paycheck if it's pre-taxed?

Obviously I know what the premium is, but if it's taken out pre tax then I won't be paying as much taxes on my paycheck every two weeks. The insurance is $556 a mo. but we only make $36k. $275+ each ...
Nita's user avatar
  • 31
2 votes
1 answer
248 views

Does Auto insurance remain in effect for teen driver, if policy holders die

Sorry to ask this weird question. Auto insurance is bought by Parents and names Parents as insured and lists teenager as authorized driver. God forbid, if for some reason parents die( in auto or non ...
puzzled's user avatar
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1 vote
1 answer
2k views

Will insurance companies add a record to the Carfax if they only pay for the repair?

Few days ago I saw my car's door has been kicked by a jerk and there was a footprint still on the door. This caused a dent around 10-15 inches on the door and 2-3 inches of chipped paint. I called to ...
GoodMan's user avatar
  • 140
1 vote
4 answers
423 views

If a home has increased in value, why would an essential component of the home depreciate?

My parents bought a new home a few decades ago, and since then the value of the home has increased significantly. They just told me there is some damage to the roof (which is the original roof) and ...
7529's user avatar
  • 3,743
0 votes
1 answer
253 views

To what car value does Glass's Guide refer to wrt insurance?

If ones car is written off in an accident, a statement such as "We have used the Glass's guide for valuation of your vehicle" is expected from the insurance company one is dealing with. ...
User65535's user avatar
  • 440
9 votes
10 answers
5k views

What is the point of term life insurance?

I am in USA. I am trying to understand term life insurance. My husband makes $150K a year and wanted to get a term life. I believe the rule is 10 times your yearly salary so for us it would be term ...
Mary Doe's user avatar
  • 759
1 vote
2 answers
220 views

Are third-party vehicle insurances allowed to keep the no-claims class down in Germany?

Almost one year ago, I bought my first car. It's the first and thus far only motor vehicle registered/insured to my name. The insurance company just sent me this invoice: They told me that for the ...
UTF-8's user avatar
  • 922
2 votes
2 answers
346 views

Can one cancel ones car insurance after a no fault crash?

Five days ago I purchased a one year third party only car insurance on the internet, which I believe gives me 14 days cooling off period during which cancel it. Today I was involved in a collision in ...
User65535's user avatar
  • 440
0 votes
1 answer
853 views

understanding 150% replacement cost on homeowner's policy

We'd like to switch our auto insurance from Company A to Company B because the premiums are significantly lower. Because both companies offer discounts for bundling home and auto, it might make sense ...
nuggethead's user avatar
  • 1,999
3 votes
1 answer
153 views

Should I lower the liability limit on my homeowners insurance to match the minimum required by my new umbrella insurance?

I just got an umbrella insurance policy (from USAA); my homeowners insurance policy is from a different company. Currently the homeowners policy has a liability limit of $500,000. Now, the umbrella ...
Robert Tupelo-Schneck's user avatar
2 votes
1 answer
124 views

What programs and or assistance is available to family when homemaker becomes disabled?

If a non-working spouse, homemaker/parent, becomes seriously ill (cancer) and disabled, what programs, assistance, insurance are available to such a family? A family not living below poverty line (...
paulj's user avatar
  • 1,109
1 vote
2 answers
148 views

How to safely hire non-insured help

Is there any insurance policy I can get as a homeowner, as an apartment renter, or as a rental property owner that would cover me for liability if I hire someone for work on my rental property or my ...
jia103's user avatar
  • 141
0 votes
2 answers
424 views

Apartment owner is listed as Additional Insured on renter's insurance policy

I have concerns about liability protection with my current renter's insurance policy in the US in the state of Texas. I would like to understand if there is anything more I can do or push on my ...
jia103's user avatar
  • 141
0 votes
3 answers
72 views

Disability insurance available for severe events

I have health insurance, supplemental AD&D thru my company, short-term and long-term disability. I have private small supplemental IDI as well. If one were to fall ill with cancer or experience ...
paulj's user avatar
  • 1,109
16 votes
10 answers
5k views

Why is the mandated minimal liability car insurance coverage so high?

All over the world, you need car insurance that covers the damages you do to others. In Austria and Germany, this insurance has to cover at least 7 790 000 € of damages. Isn't it a bit high? This ...
Martin Drozdik's user avatar
1 vote
0 answers
580 views

Is Home Sale Legal Protection worth buying?

I'm selling my home and curious if "Home Sale Legal Protection" plans are worth purchasing. They are self described as covering the cost of lawyers for legal disputes about the information ...
brubsby's user avatar
  • 161
1 vote
1 answer
92 views

Why does third party only car insurance price depend on where you live?

It is in the news that car insurance is higher in areas that have a higher proportion of people of colour. This is an analysis that is very easy for anyone to do, so I thought I would see what really ...
User65535's user avatar
  • 440
0 votes
1 answer
80 views

Premiums and Benefits of Insurance Policy [closed]

Are there any possible situations where the benefit of a policy be increased without increasing the premium for a limit policy that covers losses up to a certain point? Would inflation/deflation be an ...
Tony 's user avatar
  • 101
0 votes
1 answer
72 views

What is a temporary layoff and how is it different than a regular one?

What exactly is a temporary layoff and how is it different than a normal one? How does it affect EI? If the company asks me to return to work, either in the same position or a different one, am I ...
user39743's user avatar

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