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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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12
votes
7answers
545 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
303 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
436 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
488 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
130 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
753 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
906 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
362 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
350 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 ...
8
votes
1answer
164 views

How can I save money on home insurance?

What are some of the easy or not-so-easy ways to save money on home insurance?
3
votes
1answer
1k views

COBRA eligibilty if employer changes providers at time of contract signing?

I have a contract from July to June. I am a teacher. At my meeting to discuss my position in September, I will probably be told that my hours are going to be reduced and I will no longer be eligible ...