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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1answer
10 views

Grandmother's MetLife policy showing up as unclaimed property

Last week, a former co-worker encouraged me to search for unclaimed property in Michigan. I've done this before (several years ago) and did not find anything. However, since I changed jobs a few years ...
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1answer
67 views

disability insurance on a car loan

I have a car loan which i am the primary borrower and my daughter is the second . I recently became disabled. The bank put the disability insurance on the loan . My question is will they pay my car ...
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1answer
112 views

Executors distribution

If I am a beneficiary and inherit a property and and insurance policy. Can the executor put a large chunk of the money back into the estate without my consent. There are no debts on the house, just an ...
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0answers
171 views

How to obtain “Negative Equity Insurance” aka “Home Equity Protection” aka “Equity Protection Policy” in the UK?

I'm searching for an insurance policy to protect against negative equity on a residential real-estate. The risk I'm trying to protect against is that house prices will fall. I'm looking for ...
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5answers
432 views

Does COBRA make sense anymore with the ACA?

I recently changed jobs. Job 1 ended in March, and Job 2 started immediately after the end of Job 1. The health insurance provided by Job 1 continued to the end of March. The health insurance coverage ...
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0answers
147 views

New mortgage co reversing claim decision by old mortgage co

I had a claim in March of last year due to hail/storm damage. The claim was paid by insurance to me and mortgage co. Then the mortgage co sent all the payments due, out to me in my name and the ...
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0answers
89 views

Health insurance payment does not match up explanation of benefits. What's going on?

My wife and I utilized the services of a chiropractor who happened to be out of network with my insurance provider (will name in an edit if it is important). My Explanation of Benefits says that out-...
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1answer
193 views

car insurance — absolute cheapest possible way to make / get it [closed]

I'm aware that it's possible to make your own car insurance company. That being said, does anyone know of the absolute, cheapest possible car insurance there can be? I'm not concerned at all about ...
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1answer
73 views

Health insurance coverage for recent immigrant

How does someone obtain health insurance coverage in Washington state as an immigrant.
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35 views

Insurance cost deductions from paycheck

I switched from full-time to per diem status on March 9th. For my paycheck through March 9th they deducted my usual cost for benefits, but then they did the same thing 2 weeks later when I wasn't ...
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2answers
3k views

Net salary in Germany for programmers

I got an offers as a freelancer to work from Germany (the company is not German but I will live in Germany when I'll work for them). Since I'll be a freelancer in need to give them an hourly rate for ...
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1answer
63 views

How to prepare for losing employer-provided insurance in my emergency savings?

I have an emergency fund that covers the next N months of life's expenses: rent, utilities, food, etc. But I recently realized I haven't accounted for insurance that is currently provided by my ...
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1answer
58 views

How to properly tune insurance deductible/excess for risk appetite

We all know you can arrange a higher deductible (USA) or excess (UK) to pay a lower insurance premium. My question is, is there an established method to identify what is the optimal size of ...
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3answers
294 views

Should I use Social Security survivors benefits in calculating the amount of life insurance needed?

I see a question How much life insurance do I need? , but I want to buy least amount of Life Insurance but still cover my kid and spouse up to an extend. We all get annual social security statements ...
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3answers
344 views

Do I need to report a critical health condition years after I signed-up for three insurance companies?

I need help with some simple questions related to insurances that I purchased. I hope that any insurance agent here can answer them, at least briefly. I have not been able to contact the insurance ...
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7answers
9k views

Do I need life insurance if I can cover my own funeral costs?

I'm fairly well off and could cover the cost of a funeral out of personal savings and investments. I'm also single, in my late 20s, and live alone. Unfortunately, my family (parents and siblings) aren'...
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3answers
535 views

Is playing the lottery worth it in the same way that insurance is?

I was reading this question, and it made me wonder - If insurance is worth the expected loss because of the catastrophe that it could prevent, can playing the lottery be worth the expected loss ...
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15answers
19k views

Are small insurances worth it?

Small insurances like phone insurance, tire insurance, etc. Are these worth it? In general I always have a bad gut feeling about any insurance. I just don't like the idea of paying for stuff I never ...
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1answer
427 views

Still enrolled in Medicaid after starting new job

I just started a new job and I am still enrolled in Medicaid officially. Can I still use Medicaid until my new company sponsored health insurance kicks in?
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1answer
74 views

Requirement to purchase Collision Damage Waiver for car hire excess coverage

I recently took out a car hire excess reimbursement policy from a reputable third party insurance company (AIG). The policy states that CDW is required in order to receive reimbursement for a claim. ...
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0answers
284 views

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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2answers
134 views

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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4answers
3k views

What are the practical implications of buying a house in a high Earthquake risk area?

I am purchasing a house in Indio California, that is described as being in an high risk Earthquake area. That sounds scary but the actual stats for the area are less so: Nearest Earthquake: 2.9 ...
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1answer
64 views

Should I continue with ULIP

I am from India. I have a ULIP (Unit Linked Insurance Plan) worth Rs 75000 per year which I started in June 2018. The plan is for 10 years and I have already paid for 1 year. I bought this to get a ...
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49 views

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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1answer
272 views

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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6answers
12k views

Why does Geico ask me not to reveal the limits of my liability coverage in case of a car accident?

I read on my "Evidence of Liability Insurance card" issued by Geico in California, US: What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone. Why ...
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0answers
99 views

How do the ultra rich protect their money? [duplicate]

FDIC insures each account up to $250,000. A few billion / 250,000 = way too many bank accounts. So how do the ultra rich insure their fortunes?
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1answer
85 views

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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0answers
163 views

Why many travel insurances don't cover country of nationality?

It seems that it is common practice among many (but not all) travel insurance companies to exclude country(ies) whose nationality the traveler possesses (even if the traveler does not live in his ...
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1answer
90 views

Do typical auto insurance policies pay attorney fees directly, or only reimburse for them?

How are lawyers paid by insurance companies in the case of a lawsuit? In other words, let's say that an insured motorist is sued for personal injury. Does the motorist's insurance company engage and ...
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2answers
169 views

How to get liability insurance for an electric kick scooter in California?

I just purchased a Segway Ninebot ES4 electric kick scooter. I'm from the Netherlands but live in the United States (California). I have a global liability insurance but it excludes motorized ...
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0answers
89 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 ...
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1answer
72 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 ...
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1answer
112 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 ...
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2answers
150 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 ...
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1answer
205 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 ...
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1answer
114 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 ...
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1answer
95 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 ...
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2answers
220 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
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2answers
123 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. ...
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4answers
162 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 ...
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2answers
159 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 ...
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4answers
330 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 $...
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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 ...
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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
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0answers
270 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 ...
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2answers
85 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 ...
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3answers
197 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 ...
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1answer
122 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 ...