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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How do insurers decide "their" proportion of a claim when dual-insured?
Most (UK) insurance policies have a "dual insurance" clause along the following lines:
If any injury, loss, damage or liability is covered by any other insurance then we will not pay more than our ...
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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 ...
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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 ...
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How to take a home inventory?
An answer to the question Spring cleaning for your finances? Is there any activity that should be done annually, with respect to your money? mentioned home inventory:
The Inventory is also very ...
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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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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 ...
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Buying insurance (extended warranty or guarantee) on everyday goods / appliances?
I have a practice of never buying insurance except when the law demands, such as car insurance, or when the loss would be too great to bear, such as house insurance, and this policy has saved me a lot ...
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What is the best way to determine the value (balance of reliability and cost) of an insurance company?
How can an individual determine how reliable or likely an insurance company is to pay on their claims? I'm trying to balance two things here - cost of premiums and reliability of paying claims. I have ...
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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 ...
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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.
...
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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/...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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'...
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What's the difference between Term and Whole Life insurance?
How would one decide which is most appropriate? Are there tax or benefits differences that one offers over the other?
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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 ...
Leafsrule14
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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 ...
maureen competello
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Retroactive COBRA Premium Increase: Can my COBRA health insurance premiums be hiked retroactively?
I hope this is the right place to ask this, but if not let me know and I'll go away.
About 6 months ago I left a W-2 position to do independent consulting. Since then, I have been using my previous ...
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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?
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Could my insurance company be giving my healthcare providers kickbacks?
This may seems like a far-fetched conspiracy theory, but this has happened to me twice now... Scenario goes like this: My insurance policy covers X but not Y (or X has a lower deductible than Y). I ...
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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....
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Why should I invest my money in a life insurance policy?
As i am 24 now i get lot of calls from lot of insurance companies asking to take up an insurance policy.... So i decided to get answers for some of my questions in basicallymoney...
Why should i ...
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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.
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What is the risk to me of moving my money to a smaller bank?
In light of the events in the banking market over the last few years, there have been calls from some quarters for investors to move their money from the larger banks, so they are no longer "too big ...
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Why do people take out life insurance on their children? Should I take out a policy on my child?
I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...?
If the purpose of life insurance is to replace a wage-earner's income in ...
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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?
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Trip Interruption insurance vs. Trip Cancellation insurance: what's the difference?
My credit card says they offer trip interruption insurance as a benefit. I am only familiar with trip cancellation insurance. Are these the same or different?
bms1
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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 (...
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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?
user178
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What is covered by CDIC savings deposit insurance?
In the unlikely event that a financial institution fails in Canada, what is covered by the Canadian Deposit Insurance Corporation? What is the limit of coverage?
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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?
bms1
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How can I save money on car insurance?
What are some of the easy or not-so-easy ways to save money on car insurance?
bms1