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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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 (...
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1 vote
1 answer
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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 ...
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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 ...
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3 answers
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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 ...
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15 votes
8 answers
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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2 votes
1 answer
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Does it ever make sense not to file a claim on my auto insurance to keep rates low?

Given that auto-body shops report repairs to a car to services like CARFAX, it is pretty much impossible to hide the fact that your car was in an accident. Does it ever make sense to not file a ...
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2 answers
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Is it better to have non-employer-related pet insurance if you anticipate leaving the company?

Logically, pet insurance coverage/premiums are more expensive the older the pet is when it is enrolled (higher risk factors associated with age, no preexisting conditions, etc...). I currently have my ...
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Interpreting questions on EI report when doing temporary work

There are several questions on the bi-weekly employment insurance report that are difficult to know how to answer. I often work temporary jobs, a few weeks or months at a time. Did you start a full ...
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0 votes
1 answer
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Do you qualify for Medi-Cal if you are wealthy and just don't work?

If I'm reading the descriptions of Medi-Cal correctly, low income alone is enough to qualify you for free medical coverage. So, if you are taking a sabbatical, working on your own startup (that isn't ...
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lifetime orthodontic maximums, do they reset if I leave to another insurance plan and come back a couple years later?

I had orthodontic work done on my son for a phase 1 and used some of his orthodontic lifetime benefits from insurance A. After he was done with phase 1, I changed to insurance B for a couple years. (...
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2 votes
1 answer
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Is it normal that buyer's mortgage company is requesting to be added as payee on master insurance policy?

In selling a condo which is a typical unit in a four unit building, the buyer's mortgage company is asking for them to be added as a payee on the condo association's master insurance policy. Is this a ...
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Widely Varying Replacement Cost for Home Insurance

We are getting quotes for homeowners insurance on a property we are buying, and the estimated replacement cost for each quote is wildly different. We've gotten five quotes so far, and gave the same ...
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0 votes
2 answers
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Is there a renter vandalism insurance

I'm renting out my house soon, it there some kind of insurance I can buy to protect me from renter vandalism? I'm living in the Northeast coasts of the US.
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2 votes
1 answer
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I was asked to write a bill of sale for 6000 dollars over the amount actually paid

I was asked to write a bill of sale for 6k over the actual amount paid. The guy wrecked it and apperntly the insurance company is only willing to pay blue book. It is worth about 9k because it's ...
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1 vote
0 answers
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Should retiree take insurance from employer or should he/she take from external insurance organization?

My dad is retired bank official in India. I want to know if he should go for health insurance provided by his employer or he should go for other insurance organizations, given say the cover is exactly ...
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Can a US LPR who changed their residency from California to Washington between Nov 2021 and summer 2022 opt ​out of the Washington long-term-care tax?

Can a US lawful permanent resident who changed their residency from California to Washington state between November 2021 and summer 2022 opt out of the newly established long-term-care payroll tax? E....
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3 votes
0 answers
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How to estimate the increase in insurance payments due to making a claim?

Suppose I have an insurance policy (specifically: for house contents), and suffer a loss that is covered by the policy. If I make a claim, I get money now, but the insurance company will probably ...
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23 votes
11 answers
6k views

Is it rational to buy insurance if I have the same sum in a savings account?

I considered to buy a house-contents insurance. The total value of the contents is quite small, say X. Meanwhile, I have X in a savings account, that I can withdraw at any time. I am not sure whether ...
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19 votes
9 answers
6k views

If you have insurance of some kind, and you are in an accident, does that mean that they increase your monthly fee?

I've always been confused by things like this: Joe has his car stolen or drives it into a wall by accident, or some other kind of accident happens which "goes on the insurance". Joe gets ...
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0 votes
2 answers
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disability insurance starting medical residency

My daughter will start a medical residency in July 2022. Evidently, she can purchase a disability policy at that time without medical underwriting. I am wondering,in general, do these policies end ...
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Full Term Effective Date vs. Policy Tenure Date

Suppose we have an auto insurance policy. Is there a difference between the full term effective date of this policy versus the tenure date of the policy? What exactly does tenure date mean? I know ...
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0 votes
1 answer
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How to decide on coverage amount for home-contents insurance?

I am considering to do a home-contents insurance. The insurance company lets me decide by myself on the upper bound for the insurance amount - they do not send an assessor. I do not have large ...
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0 votes
0 answers
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Does California Homeowner's Insurance provide Workers' Compensation Insurance for a Nannyshare hosted in another family's residence?

If a nanny in California cares for the children of Family A & Family B, primarily within the home of Family A, will Family B's homeowner's insurance include workers' compensation insurance for the ...
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0 votes
1 answer
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I have 5 cars and two drivers, can I cover one car with high liability and the rest with the minimum? California

We are family with lots of cars, 5 and only two drivers. We switch off depending on what we are doing. Commuting, I drive my 2 seater and wife drives her suv. Family outing we take our big sedan, trip ...
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0 votes
0 answers
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Insurance Liability for a recently registered Ontario corporation

I just registered a corporation in Ontario, and I'm about to get a contract from USA as a Programmer. I applied for a general liability insurance online in many sites, but they keep rejecting it ...
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2 answers
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Are there alternative options to getting an appraisal for a refinance of my home?

I live in New Hampshire, USA. I'm trying to get my home refinanced and it most likely requires an appraisal (not sure the requirements), but anyway... they want $1870 for the appraisal fee! I'm aware ...
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-1 votes
3 answers
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What's the point of liability insurance?

My question comes from answers and comments to this question: Why is net worth a recommended minimum for insurance coverage If a lawyer will bleed you dry (take what you're insured for PLUS what you ...
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What is the difference between a deferred annuity and an endowment policy?

This is a follow up question on Financial product where the investor makes regular contributions and receives a lump sum. "Deferred annuity" and "endowment policy" are the ...
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37 votes
8 answers
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Did my insurance company scam me when they paid less for my car than I saw it selling for at a used car dealership later?

Tree fell on my car, windshield smashed. Other than that I can drive it, I can still get in and drive it around (obviously with limited visibility) had to wear extra protection so I wouldn't get cut. ...
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0 votes
2 answers
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Financial product where the investor makes regular contributions and receives a lump sum

What is the term that describes a financial product where an investor makes fixed regular payments during X years, and in return receives a big lump sum at the end of those X years? This is opposite ...
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2 answers
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What can I do with a lying contractor

I made a claim on my insurance. A contractor helped me with the process and promised to repair my house without paying a dollar from my pocket. I endorsed a check and then he asked me for another ...
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Hedging Costly And Unlikely Events With More Than Conventional Insurance

The selling proposition of something like an inflation-adjusted annuity is that the purchaser trades uncertainty for certainty. Even though some simple calculations will show that fixed and regular ...
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1 answer
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All of a sudden my money supply cut off and I have no money, what do I do?

I'm done for. I said some things to my abusive manipulative father and he finally snapped. He's not paying for anything for me anymore. The only reason I still talked to him was because he was paying ...
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1 vote
1 answer
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Do I have to pay a bill if I say I will only proceed if insurance would cover the visit, and it didn't?

So, i recently went to a doctors appointment. When scheduling my appointment i told the doctor i would only go to it IF it is covered by my insurance. I went to the appointment and gave them my ...
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-1 votes
1 answer
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Can you get insurance on a leveraged trade

The number one rule in trading is to set a stop loss. However, unless you are in the top minority of traders, there's a good chance you'll set a stop loss that gets hit even on a winning trade. I'm ...
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1 vote
2 answers
226 views

Is income protection worth it at a young age

I've just started my first job after completing my engineering PhD. A financial advisor has said that I should consider taking out both income protection and life insurance. The quoted cost would be ...
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1 answer
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Employment Insurance (EI): Total Insurable Earnings vs Weeks of Entitlement

If one's Regular Weeks Entitlement for the EI is 50 weeks, but the Total Insurable Earnings amount is about $15,000 then does this mean that the EI payments would stop once the $15,000 has been paid ...
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1 answer
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new roof with insurance claim

i got my roof redone recently and insurance paid 22k and it only cost 18k to replace .my name was on check with the roofing company ,so i signed it and gave the check to the roofing company. i have ...
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5 votes
2 answers
155 views

Does there exist any insurance concept like liability insurance for mobile/computer application developers? [closed]

Lets say that Ram is a freelancer app developer and takes a contract for app development for $6K from an institution. With help of his friend Shyam he develops the app and delivers it to the client at ...
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2 answers
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Will Lloyd's of London really insure brokerage accounts up to $49.5 million?

Some personal investment brokers like Vanguard are "backed" by Lloyds of London: Assuming a fraudulent loss in a individual brokerage account: Will they really replace the entire investment ...
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1 vote
1 answer
50 views

Life insurance and its risks on the insurer and the insured

Consider a life insurance contract designed for independent workers who have little salary and are afraid to lose their retirement opportunity: for example, they will always be obliged to work even ...
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1 answer
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Car Insurance cover for travelling to work

Does anyone know if travelling to work used to be included in Social Domestic and Pleasure car insurance please.
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2 votes
2 answers
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Term Life Insurance rate will stay inside the same group?

I am reading AAA Term Life Insurance offer. I am wondering that the rate will stay inside the same group until the end of the insurance (80 years old) or will jump to a different group when you are ...
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3 answers
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If I don't trust insurance companies, what alternative options exist to counter a potential earthquake?

I live in Seattle which is well known for potentially having a huge earthquake sometime in the next 1,000 years. I would like to protect my property against such a catastrophic outcome, but at the ...
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2 votes
0 answers
47 views

School's tuition insurance charge eligible for 529 reimbursement?

My son's tuition bill includes around $100 for tuition insurance. Can I have this paid directly from the 529 account to the university, or must I pay that separately? Articles I've read researching ...
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5 votes
2 answers
81 views

Insurance for expensive items in carry-on moving from US -> Canada

I'm repatriating from the U.S. to Canada. My apartment is ending my lease on the day I fly out, then I'll be staying in a hotel for a while before moving to permanent housing. I have some antiques ...
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