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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0answers
41 views

How do I get my insurance to treat an ambulance charge for a 5150 transfer as “in network”?

My daughter became suicidal and after taking her to our local emergency room she was placed on a 5150 and was subsequently transferred to the nearest inpatient mental health faculty. Our local ...
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0answers
103 views

Turning 30, getting driver's license for the first time, need insurance

This is a bit embarrassing, but I am turning 30 and am just now trying to get a driver's license for the first time. I own my own car, just bought it recently to learn to drive, but I don't have a ...
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4answers
5k views

Who pays the premium for bank deposit insurance?

Normally, when I want insurance coverage (e.g. for my car and house), I have to pay a premium to the insurer. My bank account comes with deposit insurance to insure me against bank collapse. It looks ...
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4answers
3k views

Universal Life Insurance or Term Life Insurance?

I am new to this website and asking for your help with a situation related to my personal finances. I have a friend who recently joined WFG (World Financial Group) and they were asking for me to join ...
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0answers
30 views

Business banking insurance above FSCS £85,000 [closed]

In the UK, the Financial Services Compensation Scheme (FSCS) provides insurance for bank deposits up to £85,000. Is there an insurance (or financial product) that provides coverage above this ...
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2answers
94 views

Where can I find a highly detailed model for how a normal US health insurance companies sets premiums?

I found this, and it was a great starting point for research but I would like to learn about the nitty-gritty details. For example, obesity is not considered a "pre-existing condition" and is often ...
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2answers
137 views

What do these credentials for an insurance agent mean and are they signficant?

My family needs to buy so many insurances like Car, Condo, Critical Illness, Dental, Disability, Expat, Life, Homeowner, Landlord, Pet, Renter, Travel. We need an insurance agent and I stumbled on a ...
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1answer
78 views

Why don't insurance companies cover you if you didn't pay the month but still they require you to pay this period?

Why don't insurance companies cover you if you didn't pay the month in advance yet they require you to pay the full month along with interest if you're overdue? If you pay at 10th of the month, then ...
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1answer
24 views

Term Life Insurance premium vs Interest/Inflation rate

I am thinking of buying a term insurance plan for myself in India and am 28 years old. My premium per year to be paid for a period of 10 years and coverage till 99 years works out to be 111,213 INR. ...
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1answer
95 views

Can a person other than the person it is written to cash a Very Large Check?

My predicament: United States, father passed away, mother is disabled. I've been here for a few weeks taking care of all of their affairs, including filing the life insurance claim. Apparently, the ...
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39 views

Disability Insurance - Limitation While Outside the United States or Canada

One thing that's very important to me about DI is that it doesn't restrict its coverage area to just within US & CA. Since I will have the policy for 20 years, given the current trend of ...
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0answers
25 views

When does the government need Record's of Employment for EI benefits submitted to them?

I lost my job due to COVID-19. I applied for Employment Insurance (EI). The instructions regarding the Record's of Employment (RoE) were a bit unclear. When I login to Service Canada most of my RoE ...
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4answers
2k views

Why would I/when should I stick with decreasing term life insurance?

I have been approved for some decreasing term life insurance, with a 25 year term and a decreasing payout by 8% each year. I can leave the contract at any time and take out new life insurance. What I ...
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1answer
107 views

Are there escape clauses that insurer can use to not pay claims if too many people die from Covid virus?

Are there any clauses in a insurance contract that allows an insurer to not pay claims if too many people die from Covid virus? Is there a risk that insurance customers will be left out to dry?
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1answer
84 views

What is the ratio between money paid by insurance vs total premium called?

On average, everyone loses money in buying insurance. That's understandable. Insurance have overhead costs and insurance companies want to make profit. Not all premium is paid to cover coverage. ...
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0answers
35 views

what is the meaning of the following terms: (IIPW) and (IMD) procurement?

So there is an applcation for a loan I'm currently filling, and there is this question. Google doesn't seem to be very helpful, can I get some reading materials on it and what are they abbreviation ...
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1answer
75 views

How do insurers justify raising premiums after no-fault claims?

I don't know if it applies to other countries, but in Canada practically all auto and home insurers routinely raise your insurance premiums after you make a claim, even for not-at-fault and purely ...
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0answers
20 views

Master condo insurance - Replacement costc vs insurance coverage limit

What's the difference between the replacement cost and the insurance coverage limit for a master condo insurance policy? Are they the same quantity? If not, how should I think about their difference?
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2answers
98 views

Umbrella insurance and maximum liability

Let's say that your net worth is $1 million and, to protect yourself, you take out an umbrella insurance policy with a maximum liability of $1 million. Then suppose something terrible happens and you ...
2
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1answer
119 views

What happens to annuities in a long bear market?

Annuities are insurance contracts which establish regular payments to an individual by the insurance company, typically lasting until said individual's end of life. Usually, the individual gives the ...
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1answer
26 views

ULIP investment

I am from India. I have a ULIP(Unit Linked Insurance Plan) which Premium cost me Rs X00000 per year which I started in June 2019. Plan name is ICICI PruSignature. The plan is for 5 years and I have ...
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8answers
12k views

Is it true that car insurance can go up if a member of your family gets a license?

I was told that because I live with a parent, if I were to get a drivers license, their insurance payments would be higher, even if I'm not actually on their insurance. Is that true? How would the ...
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1answer
110 views

What is the difference between claims repudiated and claims rejected in IRDAI Annual Report?

Insurance Regulatory and Development Authority is a autonomous body regulating insurance industry in india. It releases an Annual Report every year for providing some statistics and data from industry....
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1answer
167 views

What happens to the insurance payout on home insurance if the policyholder dies when the home is destroyed?

After talking to my dad the other week, he mentioned his home isn't insured, because he can't afford it. I've been looking up policies which would suit him, and I'm planning on paying for the policy ...
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4answers
210 views

Can you purchase medical/dental insurance after you know you will use it?

Currently I do not have dental insurance with my job. I just found out I need some major work :( Can I still get dental insurance and have it save me money? I know it's possible to get dental ...
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1answer
57 views

Essential difference between international travel insurance and relocation insurance

After reading a bit about international travel insurance concept and policies and about relocation insurance concept and policies I didn't recognize any essential difference by policy content. Both ...
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1answer
66 views

Buy one term insurance policy for Rs 2 crore or two term insurance policies for 1 crore each?

If I need to provide for two sets of dependents and may need to remove one set of dependents in future, does it make sense to get one Rs 2 crore term life insurance policy or two separate Rs 1 crore ...
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6answers
4k views

Do insurance rates depend on credit scores?

When reading up on credit scores, I came across this article. It contains this paragraph: A bad score can become a black mark that leads to missing out on the home you want (credit checks are a ...
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7answers
9k views

Is there any reason a person would voluntarily choose to have PMI?

Private Mortgage Insurance (PMI) seems to be treated as a necessary evil. Inquiries about pmi on this site and elsewhere almost always revolve around avoiding it - how to avoid being required to ...
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2answers
133 views

How do I make a State Farm policy change without an agent?

My agent is only available when I'm working. When I call "after hours", I always get in touch with another human who seems helpful, but won't make changes for me. She says I need to speak to the agent....
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1answer
91 views

Would condo HOA insurance cover damage to guest vehicles? [closed]

I recently stayed in an airbnb; it was a unit in a condo complex with a shared parking lot and an HOA. I drove my Tesla there, and plugged it into an outdoor outlet on the side of a covered parking ...
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1answer
82 views

What factors should be considered while buying home insurance?

I own a flat/home/unit in an apartment. I recently paid off all may outstanding mortgage. While the mortgage, the home-insurance was owned by (in name of) bank which is now cleared off. As there is ...
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2answers
147 views

Insurance for my brokerage held investments

This is not about protecting the VALUE of my investments against market fluctuations, stock prices drop ...etc. What I am looking for is to protect my investments in shares and options that I am ...
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2answers
181 views

Finding trustworthy financial help for my partner in the event of my death

I'm currently researching options for my partner to manage the money she'd get, in the event of my death. In short my wife is not financially literate, but if I died would be coming into an ...
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2answers
2k views

Orthodontist charged me more than submitted as total to insurance and wants me to pay the rest?

I had an orthodontic procedure done. The total bill was $10k. My insurance covers 90% of this procedure.They processed the claim and it shows coverage at about 60% of the total amount. I called ...
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0answers
54 views

If someone files a claim for short term disability for maternity leave, would future premiums be adversely affected?

If filing a claim for maternity leave does not increase the premiums required in the future, is it because the insurance company is not allowed to use the information, because it is not predictive, or ...
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3answers
177 views

What is voluntary insurance?

I recently came across the term "voluntary long-term disability insurance." I certainly know what disability insurance is, but I've never heard the word "voluntary" attached to it. Wondering if this ...
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2answers
156 views

How do the insurance claims work?

Recently, my friend sold his motorbike and he shipped it using uship to the buyer. My friend took an insurance of $6500 for this shipment. When the bike arrived at the buyers location, the motorbike ...
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1answer
88 views

Which insurance should I use for international shipping?

My cousin is moving back to his home country and he is shipping all his stuff via international shippers. And they provide two types of insurances. They are as follows: All Risk Insurance: Your ...
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2answers
289 views

What options do you have when the at-fault party's claim adjustor is low-balling you?

United States & New York state here. Although the first few paragraphs might make it seem like a legal question, it is not! It's an insurance question, and more specifically, about how to handle a ...
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1answer
107 views

purpose of uninsured/under insured coverage

If one has comprehensive coverage along with Liability ( Bodily and property), so why does one may need uninsured/under insured coverage for vehicle insurance if he already has Collision.
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1answer
95 views

UK Financial Ombudsman - Insurance Complaint

Apologies if this is the wrong 'stack' for this question, I did consider law, but a quick search of stacks showed insurance questions being asked here. I had car insurance, I was hit, they party had ...
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3answers
193 views

Car Insurance Renewal Quote Negotiation

So, once again for the sixth time in a row I have ended up switching car insurer at the end of a 6 month policy term. Every time I received a renewal quote from the insurer I was with which was ...
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1answer
259 views

Is the auto insurance quote I have been provided a rip off?

I just moved to Philadelphia, PA from Houston, TX and wanted to update my auto insurance policy (with Allstate). I gave them a call, and with 1:1 coverage options AND a newly-acquired (ie I did not ...
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1answer
56 views

Understanding Premium increases in Long Term Healthcare policies

Question confined to Long Term Healthcare policies that provide a fixed daily benefit (unrelated to cost of care) over a fixed number of months. In trying to explain why a premium increase (of 50%) ...
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1answer
694 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
87 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
121 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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1answer
427 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 ...
3
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5answers
518 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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