Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

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.

-1
votes
0answers
19 views

How to find the gross rate of a risk? [on hold]

The expense ratio is 30% and the pure premium is $280. How to find the gross rate?
1
vote
0answers
71 views

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 ...
0
votes
1answer
24 views

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 ...
-1
votes
1answer
100 views

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 ...
2
votes
2answers
85 views

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 ...
2
votes
0answers
91 views

Insurance Producers and Church Tithe

Getting ready to sit for my examinations and these questions popped into my head. Curious about the nuances of illegal inducement in these circumstances. I know there are issues with gifts greater ...
1
vote
1answer
96 views

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 ...
1
vote
1answer
62 views

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 ...
3
votes
2answers
209 views

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 ...
3
votes
2answers
99 views

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. ...
0
votes
4answers
150 views

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 ...
0
votes
1answer
117 views

Are you covered if homeowners insurance policy information is incorrect?

I'm wondering if an insurance company could deny my coverage if a disaster happens and, after the fact, they determine that information I supplied when signing up turns out to be inaccurate. For ...
0
votes
4answers
301 views

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 $...
5
votes
3answers
2k views

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 ...
46
votes
7answers
12k views

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 ...
3
votes
0answers
129 views

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 ...
1
vote
2answers
59 views

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 ...
0
votes
2answers
132 views

Should I get a release of liability statement before paying for damages?

A sink in my condominium overflowed without me realizing it, and water went into my neighbor's condo, below me. There's damage to her drywall, and I agreed to pay to have it replaced. I received ...
2
votes
1answer
115 views

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 ...
1
vote
0answers
41 views

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 ...
4
votes
2answers
217 views

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 ...
5
votes
2answers
167 views

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 ...
0
votes
0answers
81 views

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."...
4
votes
3answers
185 views

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 ...
1
vote
2answers
77 views

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 ...
4
votes
1answer
116 views

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 ...
0
votes
1answer
130 views

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 ...
3
votes
1answer
182 views

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 ...
5
votes
1answer
815 views

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 ...
1
vote
1answer
545 views

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 ...
2
votes
0answers
53 views

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 ...
-2
votes
7answers
1k views

How Is Insurance Fundamentally Different Than A Ponzi Scheme?

After watching this video from the WSJ about long term care its problem, it seems to indicate the following: Actuaries didn't think people would live as long as they have, so they wouldn't need the ...
3
votes
1answer
72 views

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 ...
-1
votes
1answer
74 views

Estimated car insurance cost without personal information [closed]

What are the best websites for estimating car insurance price without leaving personal information?
4
votes
1answer
166 views

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 ...
5
votes
2answers
399 views

My dentist sent a forged bill to my insurance (California, US)

I had an appointment with my dentist and they gave me a receipt with a total amount $409.00 for the services. Then they claimed $985.00 from my insurance. Insurance paid $750.00. They didn't ask me ...
-3
votes
2answers
171 views

Insurance fraud? [closed]

Here is a scenario: Buy car insurance from 2 or more companies for the same person and car. Drive into a wall and total the car. (Wear seatbelt to avoid injury) Collect the insurance money minus ...
66
votes
7answers
17k views

1 year old car is dead, called the car dealer they can fix it only if I can bring it, what should I do?

I have a new Toyota Prius (2017 model), bought between 12-13 months ago. The car recently has gone totally mad (Ironically 1 week after the service). So I arranged a booking to get it checked out, ...
5
votes
1answer
120 views

Insurance company incorrectly paid for several visits now rejects

My insurance company has been accepting and paying claims for several months and suddenly the identical billing code was rejected recently. I called the insurance company to find out why the claim was ...
5
votes
1answer
97 views

How can I argue for a higher motorcycle write-off value?

I was in an accident in June, other driver at fault. I had only liability coverage, so I've had to deal with his insurance directly. The bike was towed to a dealership and a week or so later I got a ...
9
votes
1answer
300 views

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 ...
4
votes
1answer
766 views

Is accident insurance worth it for my kids who play sports

I'm evaluating options at my job for insurance and an optional insurance offering is accident insurance. I'm looking at this for my kids who play sports in school and on club teams. It's $170 a year....
3
votes
1answer
209 views

Mortgage Company Holding insurance premium payment til repairs made

I am 70 years old and not in good health and do not know what to do to get my problem solved. My home was damaged by Hurricane Irma Damage estimate: $7500 My deductible was high: $13,200 So I ...
3
votes
1answer
34 views

Personal finance in EFU and NAFA

I have invested in management growth fund from EFU and National bank NAFA. I want to know why my investment is having loss in 4 to 5 months. I have about 140,000.00 loss every month. Should I ...
5
votes
1answer
645 views

How to Dispute a Medical Bill that Went to Collections

I had a 2-hour ER visit for a biking accident at an out-of-network location in 2014, and provided the insurance information at check-in. Four months later the hospital and the doctors (charging ...
3
votes
2answers
200 views

Is such a thing as “evacuation insurance” available?

Many Americans live in places where natural or man-made disasters can force them to evacuate on relatively short notice, and find somewhere else to stay for long enough to ride out some hazard. If ...
3
votes
2answers
268 views

Can I build a patio rather than repair a deck with the insurance payout?

Can I build a patio rather than repair a deck with the insurance payout? My deck suffered pretty severe structural damage due to a fire and was built in 1991. Frankly, I don't like the upkeep of a ...
-4
votes
4answers
199 views

Is it possible to get life insurance as a beneficiary before the person insured dies?

I have a relative who has a nice life insurance policy out for me, but it's sad to hear that they likely won't die anytime soon. I am wondering if there's any way one can cash in on some of the policy ...
1
vote
1answer
76 views

Doubt regarding NCB for a second hand car

I had bought a second hand car with NCB 50%. When i approached the car insurer to change the ownership name, he did the same and he didn't mention anything about the NCB transfer and I also was ...
1
vote
0answers
89 views

Purchasing insurance to protect lender, in a personal family loan situation

I know that mortgage lenders generally require homeowners purchase home insurance, with a loss clause payable to the lender. But what if it's a family loan, and the borrower is not cooperative? The ...