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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10
votes
4answers
404 views

How to value employee benefits?

How should I value benefits such as health insurance and employee stock purchase plans when I'm comparing jobs? I'd like a conversion to dollars so I can fairly compare them to jobs with only direct ...
4
votes
2answers
4k views

How can I get values of household items for my homeowners insurance?

I have homeowners insurance that covers my home and has a flat coverage for household items. For additional coverage you need to provide evidence of value. We have many items for which we don't have ...
3
votes
2answers
129 views

Personal property insurance, without home insurance

I'm trying to insure an engagement ring, and have been advised to look into personal property insurance. However, these schemes all seem to be a bolt-on option to home insurance or home contents cover,...
3
votes
1answer
2k views

UK: Is there a difference between Renter's, Tenant's and Contents Insurance?

I'm in the UK, needing to get some insurance for my possessions, and I'm getting confused by the terminology in trying to do so. When I search for tenant's insurance or renter's insurance, I can ...
10
votes
1answer
3k views

How does unemployment insurance work?

I hear people on the radio going on about emergency funds to cover job loss, and I'm wondering how unemployment insurance factors into this. I've never applied for UI, let alone received it, and I'm ...
9
votes
1answer
535 views

Am I elligible to contribute to an HSA plan if my spouse is on Medicare?

I'm a little confused about the IRS qualification rules for an HSA account specifically with respect to Medicare. The eligibility rules state that You must not be currently enrolled in Medicare. So, ...
3
votes
3answers
11k views

Should I elect to have my long term disability insurance be taxable?

My employer offers long term disability insurance as a standard benefit, and they also give me to option to make it taxable. From what I can tell, this means: The premium is added to my taxable ...
4
votes
1answer
302 views

What kind of insurance would cover death/disability for organ donors?

Let's say I'm going to be a living donor for a relative. I'm about to willingly undergo major surgery with known (albeit low) risks. I will be taking on significant debt to pay for the whole thing. I ...
0
votes
1answer
133 views

Self paid Insurance Premiums and taxes

Currently my employer proivdes a Health Insurance Allowance (which I understand is really just added compensation), but I am wondering if it is possible to somehow shield that money similar to a pre-...
6
votes
2answers
445 views

Home loan: loss payable clause in favor of lender for home insurance?

I am buying a house, and got a set of documents from my lender today. A part of that document says: Please notify your insurance agent that your hazard insurance and if applicable, your flood ...
10
votes
2answers
157 views

Tools for comparing costs between different healthcare providers?

I have a high deductible health insurance plan. That means the first $2000 or so expenses per year are not covered by my insurance. What's a good way to compare health care costs from different ...
11
votes
3answers
2k views

How important is disability insurance, e.g. long-term, LTD? Employer offers none

How important is it to have disability insurance? My employer does not provide it. I work in the web development business.
3
votes
1answer
791 views

“Surety Bond” as a cheaper alternative to auto insurance in Florida

There is very little information about "surety bonds". Officially, it looks like FL is one of the states that accepts surety bonds as an alternative to liability insurance. What are pros and cons vs ...
2
votes
4answers
212 views

Canceling credit cards - insurance rate increase?

So, in the U.S., everyone seems to want to have a great credit score. But, if you are doing well financially, you probably won't have much debt. In fact, I don't really want to have a bunch of ...
4
votes
2answers
305 views

What options exists if your wife's employer doesn't cover any type of maternity leave?

Recently I discovered that not all employers will cover maternity leave. Many will allow an expectant female to leave for a period of time, but it will be under a leave without pay license. Aside ...
4
votes
2answers
487 views

Going carless: how long before insurance no-claims benefits and good history become invalid should wish to become a car owner in future?

Going carless: how long before car insurance no-claims benefits and good history become invalid should wish to become a car owner in future? Update: Based in UK, would keep license. Reason for going ...
7
votes
1answer
233 views

Do Americans still need extra health care / medical insurance after reform to health care? [U.S.]

Does the passage of the recent bill in the US change the way Americans budget for health care? If so who benefits?
3
votes
3answers
327 views

Do I need another health insurance policy?

I am 24, single, no dependents, and provided with a co-terminus health insurance policy by my employer. I understand that if I have multiple health insurance policies, I can only make claim from only ...
1
vote
2answers
111 views

How to balance spending on different types of insurance?

Given that I'm spending $x per year on insurance, I would like to know how to most efficiently spend that money (on car, house, disability insurance etc) in order to minimize my overall risk of loss. ...
8
votes
5answers
2k views

Is an iPhone insurance or warranty a good buy, or a waste of money?

I normally don't pay for product protection plans or extended warranties on electronic devices, but I just got a new iPhone 4, and it sits at the nexus of portability (losable and drop-able) and high ...
12
votes
4answers
564 views

At what age should I consider buying long term care insurance?

An oft overlooked, but important insurance product that has the ability to protect us from a reasonably likely and fiscally devastating event, Long Term Care insurance seems like something I am out to ...
12
votes
1answer
508 views

What is long-term care insurance ? How does long-term care insurance work?

What is long-term care insurance? How does long-term care insurance work? Who should consider getting long-term care insurance and why?
1
vote
3answers
1k views

How do I calculate the dwelling coverage I need from the information I have?

I have just finished ratifying a contract for a home purchase. Our timeline for getting everything done is fairly tight and I'd like to start getting the homeowner's insurance squared away as soon as ...
2
votes
2answers
327 views

Gap in domestic Health Insurance coverage, expect higher premiums?

I am going to be living abroad for a year. I left my employer and am on short-term health insurance until I leave. I wasn't planning on maintaining domestic coverage (U.S) while I was abroad, but I am ...
1
vote
2answers
132 views

Is health insurance a wash in this case?

Let's say one makes 50k per year base at a company that pays 100% of the cost of a 10k per year medical plan. Now, a different company pays 0% for their similar 10k health care plan. The base pay is ...
2
votes
1answer
108 views

Could I use credit default swaps (CDS) to protect myself against decline of the Euro? Or, what else?

I'm not sure what will happen to the Euro. What options do I have to assure that my capital will not be diminished, in the event something bad does happen to the Euro? Are credit default swaps (CDS) ...
3
votes
1answer
148 views

Does COBRA eligibility depend on other health insurance options?

I left my job, and went on COBRA. I started a new job, but the health insurance offered at the new job is a worse value than the COBRA coverage. I'm still eligible for COBRA, right? They happily ...
2
votes
2answers
491 views

Health insurance lapsed due to employer fraud. How to get medications while in transition?

Recently my health insurance was cut off due to my parent's employer pulling some bookkeeping trick for the past few months where we were being given health insurance but it was off the books - ...
20
votes
1answer
36k views

How does retroactive COBRA coverage work?

I'm voluntarily leaving my job at the end of this month for a new position in a couple of weeks. At my new job, I have health care coverage effective my first day of work. My current coverage ...
5
votes
3answers
315 views

How do I remember to use Visa Signature benefits, such as extended warranty on purchases?

My bank has upgraded my credit card to a Visa Signature card, which comes with benefits such as Warranty Manager Service (up to one additional year of warranty), Purchase Security (reimbursement for ...
5
votes
2answers
172 views

Tips to putting the yearly health insurance payments to work

I have been making my annual $1.5k health insurance payments to Blue Cross and now it feels like I am pouring money down the drain year after year! Since I exercise daily, eat healthy and keep myself ...
7
votes
3answers
346 views

At what point does it become worth it to file an insurance claim?

Let's say that a person has a $500 deductible on a home. Let's say that there would be a claim at x dollars. I think it's clear that if the claim was $501, that it wouldn't be worth it, due to higher ...
9
votes
3answers
155 views

Comparing/reviewing personal health insurance plans for the self-employed

I'm looking at needing to acquire personal health insurance in the next few months as I move from a job with good benefits to self-employment, and I've found that it's pretty difficult to compare the ...
4
votes
2answers
404 views

What is mortgage insurance? Do you have to have it, in order to be approved by a bank?

What does mortgage insurance do? Whom does it protect? Do I need it? MUST I have it, in order to be approved by a bank for a mortgage with them?
3
votes
3answers
176 views

Is travel insurance only for when we go to outside country by Air or it can be also in within country?

Is travel insurance only for when we go to outside country by Air or it can be also in within country? What is the benefit of Travel Insurance if I'm already having Life and Health Insurance? Is ...
8
votes
2answers
257 views

Should I purchase earthquake (or other disaster) insurance?

We recently purchased a home. The other day we sat down with our insurance agent to go over our coverage and make sure we were happy with it. Insurance for most disasters (fire, flood) have to be ...
11
votes
6answers
786 views

Should I get renter's insurance?

I'm thinking about getting a renter's insurance policy. Here's my question: What should I consider when deciding to get it or not? Edited to add: Is it a good idea to get renter's insurance? I'm ...
5
votes
2answers
235 views

What are the most common subtleties of COBRA continuation health coverage?

I'm leaving my job at the end of the month. I'd like to continue my health insurance that was part of the company benefits. What are the most common subtle ins/outs or gotchas for someone starting/...
12
votes
7answers
544 views

How can rebuilding a city/large area be considered an economic boost?

After the Sendai earthquake, news sites say that rebuilding the city will be an "economic boost" for Japan. Okay, great for construction companies, but the government and insurance companies are ...
5
votes
3answers
302 views

How long do you need to have High Deductible insurance before contributing to an HSA?

I am just about to leave my high deductible plan for a plan that is not HSA-eligible. As I understand it, I could max out my HSA for the year right now, and then I could use the money in my HSA for ...
3
votes
1answer
2k views

Is insuring property for more than it is worth allowed?

Suppose I have some property and want to insure it against fire. The purpose of the insurance is to let me get a new comparable sample of such property in case it is destroyed by fire. The problem I ...
2
votes
2answers
2k views

On Canadian Employment Insurance (EI) do you have to wait 2 weeks for benefits due to a surgery?

I have to go on Employment Insurance (EI) because I am having surgery and was wondering if I still have to wait the 2 week waiting period they make you wait until you can receive benefits or do they ...
4
votes
1answer
6k views

Is a defensive driving course worth the money? How much is a typical insurance discount?

My car insurer offers a defensive driving discount. I'm under 30, never had an accident or ticket, and paying a pretty cheap rate already, but paying less is always better. The insurer's published ...
7
votes
2answers
424 views

Who would need a Umbrella Coverage (insurance)?

An estate planning attorney passed me this article on New York Times. For people who know about this stuff, how do I know if I really need this coverage before I am talked into it by a salesperson? I'...
12
votes
4answers
477 views

What is title insurance, and should I get title insurance for my home?

I have just sold my house and bought a new one. The lawyer I am working with to do all the necessary paperwork has sent me something about "Title Insurance". I am not quite sure exactly what this is....
4
votes
2answers
129 views

Should I invest in a Health Insurance +1 policy from my Employer?

Hi Personal Finance Fans, Here is an easy question for all the economic gurus in this forum. I am currently working for one global corporation. My wife is working for a big USA organization. ...
4
votes
2answers
734 views

How do insurance funds work?

On my wife's 403(b) (like a 401(k)), she has an option to invest in a couple insurance funds. How do these work? Some seem to be low-risk, while others are moderate-risk. I'm just not quite sure how ...
10
votes
2answers
904 views

How do I get into the over-the-counter derivatives gravy train

Some philosopher, or banker once said: "If you can't fight them, join them". After reading Matt Taibbi's last two pieces on Rolling Stone on how banks have obtained certain rights to sell hot air ...
10
votes
4answers
359 views

Homeowners: How can you protect yourself from a financial worst-case scenario?

Say your a home-owner, a first time buyer. You've just got your first flat and your about 1 year into your 25 year mortgage. Suddenly, something goes wrong with your job, and your made redundant (...
6
votes
4answers
348 views

What should I invest in to hedge against a serious crash or calamity?

There are a number of risks to the world and its economy out there over the next several decades, e.g. Peak oil Global warming Instability (e.g. a major war or uptick in terrorism) An "unknown ...