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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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-...
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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)?...
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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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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 ...
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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.
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Why buy insurance?
I don't understand why people buy insurance when they know the odds are not in their favor. Is staying uninsured and saving money not a better bet? I am not talking about house insurance. About things ...
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Actual Cash Value (ACV) of a remodeled mobile home
I have an investment mobile home manufactured in 1972. Last month a contractor was removing trees and landed a big one on my mobile home, cutting it in half and totaling it.
My question is regarding ...
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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 ...
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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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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 “...
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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 (...
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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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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 ...
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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.
...
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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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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 ...
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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 ...
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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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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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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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 ...
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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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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 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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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 ...
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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 ...
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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 ...
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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 ...
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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 (...
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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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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 ...
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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 ...
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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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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 ...".
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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 ...
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Can you get umbrella insurance from a different company from where you get your basic home/auto insurance?
I presently have auto and house insurance with a single company (call it company X). They have a local agent and the cost and responsiveness is quite nice, so I'd rather not leave them. However, the ...
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How many assets do you need before you should buy an umbrella insurance policy?
I've heard of umbrella policies before and I've seen some questions about them on the site, but I don't know how many assets you need before an umbrella policy is worth it. Does $50K of assets ...
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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 ...
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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 ...
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Should my live-in significant other and I both have renter's insurance?
My significant other and I both have our names on the lease for our shared apartment. We are not married. She has a renter's insurance policy that she claims is enough to cover both her belongings and ...
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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