How long is a insurance company required to give before they cancel your insurance?
Q. My insurance called me yesterday and informed me that they would be cancelling my insurance because I have rented my house to a group of students. They gave me two weeks to find new insurance before they cut me off. I'm having trouble finding someone who will insure us. If they cut my insurance, my bank will cancel my mortgage, and I guess that means I'd lose the house. Is this insurance company allowed to drop me in this manner. When we got the insurance two months ago there was nobody living in the house, but it was rental insurance. We never lied or anything, we were completely honest through the whole process.
Asked by sunny - Tue Sep 26 19:42:43 2006 - - 9 Answers - 4 Comments
A. most insurance policies range from 30 to 90 days on a cancellation for non payment. You need to stop and read your policy carefully. If this is a home owners policy there is likely an exclusion for using the house as a business. When you bought the insurance you were probably purchased it through an agent. He didnt care what you told him. all he wanted to do was sale the policy. It's the underwriter that now wants to cancel it. Bottom line. I think that you have two options. 1. Purchase a commercial property insurance policy. (expensive but doable.) 2. Search around and find another homeowners insurance policy and buy 1M dollars worth of umbrella coverage. I'd spend my time looking for option two. The minute you ask about an… [cont.]
Answered by Thoughts Like Mine - Wed Sep 27 06:09:38 2006
Q. My insurance called me yesterday and informed me that they would be cancelling my insurance because I have rented my house to a group of students. They gave me two weeks to find new insurance before they cut me off. I'm having trouble finding someone who will insure us. If they cut my insurance, my bank will cancel my mortgage, and I guess that means I'd lose the house. Is this insurance company allowed to drop me in this manner. When we got the insurance two months ago there was nobody living in the house, but it was rental insurance. We never lied or anything, we were completely honest through the whole process.
Asked by sunny - Tue Sep 26 19:42:43 2006 - - 9 Answers - 4 Comments
A. most insurance policies range from 30 to 90 days on a cancellation for non payment. You need to stop and read your policy carefully. If this is a home owners policy there is likely an exclusion for using the house as a business. When you bought the insurance you were probably purchased it through an agent. He didnt care what you told him. all he wanted to do was sale the policy. It's the underwriter that now wants to cancel it. Bottom line. I think that you have two options. 1. Purchase a commercial property insurance policy. (expensive but doable.) 2. Search around and find another homeowners insurance policy and buy 1M dollars worth of umbrella coverage. I'd spend my time looking for option two. The minute you ask about an… [cont.]
Answered by Thoughts Like Mine - Wed Sep 27 06:09:38 2006
What types of insurance does an event planner need?
Q. I am interested in starting my own business from home as an event planner (no employees, just me). However, I am unsure about the insurance aspect of things. I will possibly be organising events for a large company and they have told me that I am required to take out Public & Products Liability insurance and Personal Accident cover before I can start working on any of their events. Will the Personal Accident insurance cover my hospital bills if I injure myself? If not, what insurance does? Could you please advise what type of insurance is required for a home-based event planner. If there are any event planners out there could you please let me know what insurance you have?? Thanks!
Asked by eventplanner14 - Wed Sep 26 08:20:29 2007 - - 1 Answers - 2 Comments
A. Call an insurance agent. They will know what insurance you need and how much it will cost. The insurance is to cover the people and items at the events you coordinate, not you personally.
Answered by hirebookkeeper - Wed Sep 26 09:02:27 2007
Q. I am interested in starting my own business from home as an event planner (no employees, just me). However, I am unsure about the insurance aspect of things. I will possibly be organising events for a large company and they have told me that I am required to take out Public & Products Liability insurance and Personal Accident cover before I can start working on any of their events. Will the Personal Accident insurance cover my hospital bills if I injure myself? If not, what insurance does? Could you please advise what type of insurance is required for a home-based event planner. If there are any event planners out there could you please let me know what insurance you have?? Thanks!
Asked by eventplanner14 - Wed Sep 26 08:20:29 2007 - - 1 Answers - 2 Comments
A. Call an insurance agent. They will know what insurance you need and how much it will cost. The insurance is to cover the people and items at the events you coordinate, not you personally.
Answered by hirebookkeeper - Wed Sep 26 09:02:27 2007
What kind of insurance do insurance companies need to buy for their own company?
Q. I want to start an insurance company, but I need to know what kind of insurance I need to purchase for my own company. I have done research and can't find this. (Please do not tell me how to start one, or anything else besides what insurance I need, if any.)
Asked by Twig - Sun Jun 1 00:23:12 2008 - - 3 Answers - 0 Comments
A. Do you want to start an insurance company or an insurance agency? There is a difference. I'm guessing you want to start an agency because if you had the millions of dollars needed to start an insurance company you'd have the knowledge already or at least the money to hire someone who knew. For an agency you'll need E & O insurance. Also, depending on your situation you'll need a business general liability and property coverage. You'll need business auto or at least a business classification on your auto insurance if you have vehicles. If you hire someone you'll need workman's comp and possibly health insurance, disability, etc. for the employees.
Answered by Zarnev - Sun Jun 1 01:17:58 2008
Q. I want to start an insurance company, but I need to know what kind of insurance I need to purchase for my own company. I have done research and can't find this. (Please do not tell me how to start one, or anything else besides what insurance I need, if any.)
Asked by Twig - Sun Jun 1 00:23:12 2008 - - 3 Answers - 0 Comments
A. Do you want to start an insurance company or an insurance agency? There is a difference. I'm guessing you want to start an agency because if you had the millions of dollars needed to start an insurance company you'd have the knowledge already or at least the money to hire someone who knew. For an agency you'll need E & O insurance. Also, depending on your situation you'll need a business general liability and property coverage. You'll need business auto or at least a business classification on your auto insurance if you have vehicles. If you hire someone you'll need workman's comp and possibly health insurance, disability, etc. for the employees.
Answered by Zarnev - Sun Jun 1 01:17:58 2008
What insurance is needed for casual outside workers?
Q. We live on acreage in Brisbane and need quite a lot of outside work done. Things like brushcutting, weed spraying, gardening, scrub clearing etc We would supply tools and materials etc so the job would suit an unemployed person or a student. What if they are hurt in some way while doing the work? Do we need to take out insurance for them? If so, what type of insurance is it and who should we get it from? I'm pretty sure that normal workers compensation insurance doesn't apply to workers who are employed by householders.
Asked by Ozmaniac - Wed Apr 22 23:21:07 2009 - - 1 Answers - 1 Comments
A. Try liability insurance or a cafeteria type insurance plan for insuring your casual outside workers or see if your home owners policy would cover it.
Answered by Persephone - Wed Apr 22 23:26:21 2009
Q. We live on acreage in Brisbane and need quite a lot of outside work done. Things like brushcutting, weed spraying, gardening, scrub clearing etc We would supply tools and materials etc so the job would suit an unemployed person or a student. What if they are hurt in some way while doing the work? Do we need to take out insurance for them? If so, what type of insurance is it and who should we get it from? I'm pretty sure that normal workers compensation insurance doesn't apply to workers who are employed by householders.
Asked by Ozmaniac - Wed Apr 22 23:21:07 2009 - - 1 Answers - 1 Comments
A. Try liability insurance or a cafeteria type insurance plan for insuring your casual outside workers or see if your home owners policy would cover it.
Answered by Persephone - Wed Apr 22 23:26:21 2009
Is the auto-insurance claim information shared if I switch the insurance company?
Q. Hi! I am with auto-insurance company X right now and due to few number of insurance claims that I had made, my insurance is going up. I am wondering if I try to switch to some company Y, will X share my claims information with Y? Thanks!
Asked by Sean P - Thu Jun 19 14:54:23 2008 - - 7 Answers - 1 Comments
A. Most of the time, yes they will find those prior claims. Many insurance companies participate in a national database that tracks claims. They will also check you MVR records of any tickets or accidents. It is very difficult to slip one past an insurance company. Fraudulently stating fewer claims than you actually have is not a good idea. If you filed another claim and the prior ones were discovered, they could deny the new claim, back charge you a higher rate, and/or cancel the policy on the spot. Because your rate went up due to the claims, it's not a bad idea to shop around, just make sure they are rating you with knowledge of those prior claims.
Answered by Nate W - Thu Jun 19 15:15:11 2008
Q. Hi! I am with auto-insurance company X right now and due to few number of insurance claims that I had made, my insurance is going up. I am wondering if I try to switch to some company Y, will X share my claims information with Y? Thanks!
Asked by Sean P - Thu Jun 19 14:54:23 2008 - - 7 Answers - 1 Comments
A. Most of the time, yes they will find those prior claims. Many insurance companies participate in a national database that tracks claims. They will also check you MVR records of any tickets or accidents. It is very difficult to slip one past an insurance company. Fraudulently stating fewer claims than you actually have is not a good idea. If you filed another claim and the prior ones were discovered, they could deny the new claim, back charge you a higher rate, and/or cancel the policy on the spot. Because your rate went up due to the claims, it's not a bad idea to shop around, just make sure they are rating you with knowledge of those prior claims.
Answered by Nate W - Thu Jun 19 15:15:11 2008
What reputable health insurance companies are out there?
Q. My mom doesn't have health insurance and my job doesn't give insurance to family members. I would like to pay monthly to a health insurance company so my mom could get health check up when she needs it. Do you know any health insurance companies that can accept low monthly payments since I don't get paid that much? We live in northern california.
Asked by LOVER - Wed Apr 1 21:05:43 2009 - - 7 Answers - 1 Comments
A. Well, if she's 40 and perfectly healthy, it's going to cost her about $500 a month to have a low/no deductible plan that covers checkups. You BUY it on a month to month basis. If you want low monthly payments, you have to cut the coverage - like take a $10,000 deductible. Or higher. That would cut payments down to maybe $200 a month or less. The older she is, the less healthy she is, the more it costs. Your best bet, is to find a local, independent agent, who can help you balance cost with coverage.
Answered by mbrcatz - Wed Apr 1 22:11:43 2009
Q. My mom doesn't have health insurance and my job doesn't give insurance to family members. I would like to pay monthly to a health insurance company so my mom could get health check up when she needs it. Do you know any health insurance companies that can accept low monthly payments since I don't get paid that much? We live in northern california.
Asked by LOVER - Wed Apr 1 21:05:43 2009 - - 7 Answers - 1 Comments
A. Well, if she's 40 and perfectly healthy, it's going to cost her about $500 a month to have a low/no deductible plan that covers checkups. You BUY it on a month to month basis. If you want low monthly payments, you have to cut the coverage - like take a $10,000 deductible. Or higher. That would cut payments down to maybe $200 a month or less. The older she is, the less healthy she is, the more it costs. Your best bet, is to find a local, independent agent, who can help you balance cost with coverage.
Answered by mbrcatz - Wed Apr 1 22:11:43 2009
What auto insurance company has cheap rates for adding a 16 year old first-time driver to an insurance plan?
Q. We live in Florida, and my son has just turned 16, He wants to get his licenses but we don't want our insurance to go up too much. From what I hear it is very expensive, yet i hear other people saying that some auto insurance company's have very cheap rates for adding a first time driver. So if there are any other parents that know of a company that they use that is pretty cheap please let me know. Thank you. Yes we are planing on "adding" him to our plan.
Asked by Jesus V - Fri Jan 16 12:54:15 2009 - - 6 Answers - 1 Comments
A. I recommend you locate a local car insurance agent to help. Since I live in Kentucky I can't suggest an agent in Florida, but here is an website that can help you. Good Luck!
Answered by mariko m - Fri Jan 16 21:15:04 2009
Q. We live in Florida, and my son has just turned 16, He wants to get his licenses but we don't want our insurance to go up too much. From what I hear it is very expensive, yet i hear other people saying that some auto insurance company's have very cheap rates for adding a first time driver. So if there are any other parents that know of a company that they use that is pretty cheap please let me know. Thank you. Yes we are planing on "adding" him to our plan.
Asked by Jesus V - Fri Jan 16 12:54:15 2009 - - 6 Answers - 1 Comments
A. I recommend you locate a local car insurance agent to help. Since I live in Kentucky I can't suggest an agent in Florida, but here is an website that can help you. Good Luck!
Answered by mariko m - Fri Jan 16 21:15:04 2009
Can you buy auto insurance the very moment you buy a car? Do insurance companies work that quickly?
Q. Can I call an insurance company the instant I buy a car and say, "Hey, I just bought a car. I want to get insurance for it."? I think companies should do this because if I take off from the dealership without insurance, and somebody hits me on the way home, I'm in trouble, right? I looked everywhere for this information, but I couldn't find it anywhere. Could somebody clarify this issue for me?
Asked by rar4000 - Fri Feb 9 15:52:22 2007 - - 11 Answers - 3 Comments
A. If you buy a car and have a loan on it you are required to have insurance before leaving the car dealership. Most insurance companies have a way to buy on-line or over the phone. Call your local State Farm agent and they can help you. (www.statefarm.com) Good luck.
Answered by jmrob29 - Fri Feb 9 17:25:51 2007
Q. Can I call an insurance company the instant I buy a car and say, "Hey, I just bought a car. I want to get insurance for it."? I think companies should do this because if I take off from the dealership without insurance, and somebody hits me on the way home, I'm in trouble, right? I looked everywhere for this information, but I couldn't find it anywhere. Could somebody clarify this issue for me?
Asked by rar4000 - Fri Feb 9 15:52:22 2007 - - 11 Answers - 3 Comments
A. If you buy a car and have a loan on it you are required to have insurance before leaving the car dealership. Most insurance companies have a way to buy on-line or over the phone. Call your local State Farm agent and they can help you. (www.statefarm.com) Good luck.
Answered by jmrob29 - Fri Feb 9 17:25:51 2007
How does rental car insurance offered by credit card companies (when you use the card) work?
Q. I have credit cards which say they cover me for rental car insurance when I use the card to make the full payment for the rental. How does that work? Are there any catches? Does it make sense for me to get the additional insurance from the rental agency (like Avis)? If I am in an accident, will the Credit Card insurance cover everything or will it also be charged to my regular car insurance company?
Asked by hedonist - Fri Oct 6 18:38:21 2006 - - 4 Answers - 2 Comments
A. Every card is different, and the card companies can change their insurance carriers without notice. Most of them give collision damage waiver only. If you have an accident, they will cover repairs over and above the rental company insurance, but they do not cover the cost of a replacement rental for you to drive. Very few of them cover liability. The most complete coverage may be offered by your insurance company, for a lower fee than the waivers offered by the rental companies. In Manitoba, for instance, we sell (to Manitobans) a rental car policy that gives $50 deductible for damage, loss of use coverage, and 5 million dollars liability coverage, and this package can be bought to cover a rented car anywhere in Canada or the US. So,… [cont.]
Answered by Fred C - Fri Oct 6 20:34:09 2006
Q. I have credit cards which say they cover me for rental car insurance when I use the card to make the full payment for the rental. How does that work? Are there any catches? Does it make sense for me to get the additional insurance from the rental agency (like Avis)? If I am in an accident, will the Credit Card insurance cover everything or will it also be charged to my regular car insurance company?
Asked by hedonist - Fri Oct 6 18:38:21 2006 - - 4 Answers - 2 Comments
A. Every card is different, and the card companies can change their insurance carriers without notice. Most of them give collision damage waiver only. If you have an accident, they will cover repairs over and above the rental company insurance, but they do not cover the cost of a replacement rental for you to drive. Very few of them cover liability. The most complete coverage may be offered by your insurance company, for a lower fee than the waivers offered by the rental companies. In Manitoba, for instance, we sell (to Manitobans) a rental car policy that gives $50 deductible for damage, loss of use coverage, and 5 million dollars liability coverage, and this package can be bought to cover a rented car anywhere in Canada or the US. So,… [cont.]
Answered by Fred C - Fri Oct 6 20:34:09 2006
What insurance company that operates in CA has the lowest premiums on basic liability insurance?
Q. I had Allstate at one time because it appeared to have the best deal on such coverage while my car insurance has been through Mercury. I'm interested in basic liability, no comp & collision. I've got a clean driving record, car license for years but only a motorcycle permit currently. Thanks! It'd be for a Ninja 250, by the way.
Asked by BestAnswerGuy - Thu Sep 17 18:26:50 2009 - - 3 Answers - 0 Comments
A. autoinsurance.bebto.com - try this one. I personally have their car insurance, cause it is the cheapest for me in our area.
Answered by Jim - Fri Sep 18 11:21:10 2009
Q. I had Allstate at one time because it appeared to have the best deal on such coverage while my car insurance has been through Mercury. I'm interested in basic liability, no comp & collision. I've got a clean driving record, car license for years but only a motorcycle permit currently. Thanks! It'd be for a Ninja 250, by the way.
Asked by BestAnswerGuy - Thu Sep 17 18:26:50 2009 - - 3 Answers - 0 Comments
A. autoinsurance.bebto.com - try this one. I personally have their car insurance, cause it is the cheapest for me in our area.
Answered by Jim - Fri Sep 18 11:21:10 2009
How does health insurance work - when insurance premium can generally increase?
Q. If family of two have health insurance, and one of them decide to use it for couple medical procedures will insurance policy premium go up? Please advice. Thanks.
Asked by tula - Wed Aug 26 17:10:40 2009 - - 2 Answers - 0 Comments
A. No. The premiums will not go up for that. Usually health insurance is up for renewal once a year and the cost increases at that time, but not just because you use your policy. The cost of group health insurance where I work has had double digit increases in the premiums every year for 10 years now. The health insurance companies are out of control. If you have insurance and need health care - go get the care you need. Check out this site, if you want to find the cheapest health insurance just in one minute, Here you can get free quotes from different health insurance companies in your area, its the best way to find an afforable health insurance with a reliable company. Best Wishes,
Answered by unknown - Wed Aug 26 17:11:41 2009
Q. If family of two have health insurance, and one of them decide to use it for couple medical procedures will insurance policy premium go up? Please advice. Thanks.
Asked by tula - Wed Aug 26 17:10:40 2009 - - 2 Answers - 0 Comments
A. No. The premiums will not go up for that. Usually health insurance is up for renewal once a year and the cost increases at that time, but not just because you use your policy. The cost of group health insurance where I work has had double digit increases in the premiums every year for 10 years now. The health insurance companies are out of control. If you have insurance and need health care - go get the care you need. Check out this site, if you want to find the cheapest health insurance just in one minute, Here you can get free quotes from different health insurance companies in your area, its the best way to find an afforable health insurance with a reliable company. Best Wishes,
Answered by unknown - Wed Aug 26 17:11:41 2009
What insurance do I need to supply a food product to a store?
Q. I have been told that i need different types of insurance to supply coffee/tea to a store. Somethings that have crossed my path are bonding, liability insurance. Can someone explain this to me please?
Asked by Memu - Sun Sep 27 13:43:15 2009 - - 3 Answers - 0 Comments
A. insurance tips :
Answered by unknown - Sun Sep 27 17:45:33 2009
Q. I have been told that i need different types of insurance to supply coffee/tea to a store. Somethings that have crossed my path are bonding, liability insurance. Can someone explain this to me please?
Asked by Memu - Sun Sep 27 13:43:15 2009 - - 3 Answers - 0 Comments
A. insurance tips :
Answered by unknown - Sun Sep 27 17:45:33 2009
What insurance is needed in Texas to host a non-profit fundraiser?
Q. I am in Galveston, TX and I am looking to host a large outdoor fundraiser for a non-profit organization. What type of insurance will I need to cover the event? Where can I look to find more details and how much does this insurance usually cost? Thanks!
Asked by Begi - Sun Sep 27 13:52:42 2009 - - 3 Answers - 0 Comments
A. insurance tips :
Answered by unknown - Sun Sep 27 17:47:27 2009
Q. I am in Galveston, TX and I am looking to host a large outdoor fundraiser for a non-profit organization. What type of insurance will I need to cover the event? Where can I look to find more details and how much does this insurance usually cost? Thanks!
Asked by Begi - Sun Sep 27 13:52:42 2009 - - 3 Answers - 0 Comments
A. insurance tips :
Answered by unknown - Sun Sep 27 17:47:27 2009
How does business insurance work in a lawsuit?
Q. As a small business, I'm finally getting around to looking at business insurance. God forbid I should get sued, but that would be the only reason I would get insurance at this point. If I get sued (assuming I did nothing wrong that would terminate coverage), what are my responsibilities with regard to paying legal fees? What role will the insurance company play or what control will they have in the litigation process?
Asked by ZeeZee - Fri Apr 17 11:49:10 2009 - - 4 Answers - 0 Comments
A. In the event of a lawsuit the insurance company would undertake your defense and pay the associated legal fees as well as paying for legal counsel. The insurance company has complete legal control in the litigation process, they choose whether to settle or contest the issue in a court of law. In the real world it is rare that an insurance company would actually go to court. In most cases they would seek a settlement. This of course assumes that the incident is covered by your policy. A lawsuit may contain several complaints. The insurance company is obligated to provide a defense for you if any of the claims could be covered, but the company may not be obligated to pay the damages for certain types of claims. Liability policies, for… [cont.]
Answered by Tom Z - Sat Apr 18 15:03:02 2009
Q. As a small business, I'm finally getting around to looking at business insurance. God forbid I should get sued, but that would be the only reason I would get insurance at this point. If I get sued (assuming I did nothing wrong that would terminate coverage), what are my responsibilities with regard to paying legal fees? What role will the insurance company play or what control will they have in the litigation process?
Asked by ZeeZee - Fri Apr 17 11:49:10 2009 - - 4 Answers - 0 Comments
A. In the event of a lawsuit the insurance company would undertake your defense and pay the associated legal fees as well as paying for legal counsel. The insurance company has complete legal control in the litigation process, they choose whether to settle or contest the issue in a court of law. In the real world it is rare that an insurance company would actually go to court. In most cases they would seek a settlement. This of course assumes that the incident is covered by your policy. A lawsuit may contain several complaints. The insurance company is obligated to provide a defense for you if any of the claims could be covered, but the company may not be obligated to pay the damages for certain types of claims. Liability policies, for… [cont.]
Answered by Tom Z - Sat Apr 18 15:03:02 2009
What insurance coverage is critical for a business that has little to no customer traffic?
Q. When a business does most of its work online or in the clients location, what business insurance plans apply? Is liability insurance necessary for the office even if clients rarely come to the office?
Asked by just making it happen - Wed Oct 7 02:41:22 2009 - - 1 Answers - 0 Comments
A. Hi, I have found this site to be use full. Check it out ..
Answered by unknown - Wed Oct 7 06:15:56 2009
Q. When a business does most of its work online or in the clients location, what business insurance plans apply? Is liability insurance necessary for the office even if clients rarely come to the office?
Asked by just making it happen - Wed Oct 7 02:41:22 2009 - - 1 Answers - 0 Comments
A. Hi, I have found this site to be use full. Check it out ..
Answered by unknown - Wed Oct 7 06:15:56 2009
What insurance agency has the cheapest rates for full coverage car insurance?
Q. I need some cheap full coverage car insurance if you know a company that has cheap rates let me know please!
Asked by TINKY TOT - Thu Jul 17 10:41:38 2008 - - 12 Answers - 3 Comments
A. I was able to save money through a free on-line quoting service at They had several links. All I did was fill out their quote request and received back a lot better rates then what I was paying. I would suggest you try more than one quote before you settle with anyone, the service is free and there's no obligation so you might as well try it. Here's some others from my bookmarks:
Answered by banana - Fri Jul 18 19:08:07 2008
Q. I need some cheap full coverage car insurance if you know a company that has cheap rates let me know please!
Asked by TINKY TOT - Thu Jul 17 10:41:38 2008 - - 12 Answers - 3 Comments
A. I was able to save money through a free on-line quoting service at They had several links. All I did was fill out their quote request and received back a lot better rates then what I was paying. I would suggest you try more than one quote before you settle with anyone, the service is free and there's no obligation so you might as well try it. Here's some others from my bookmarks:
Answered by banana - Fri Jul 18 19:08:07 2008
What insurance companies pay for inpatient treatment for eating disorders?
Q. I have had an eating disorder for the past 3 years, and desperately need inpatient treatment care, but my insurance company doesn't cover the costs, so I am trying to find a new insurance company that does
Asked by Diamond M - Sat Oct 6 16:12:56 2007 - - 1 Answers - 0 Comments
A. Each insurance company will vary and finding a new one will be next to impossible. You will be automatically turned down, charged a lot more or made to wait for a long time because it is a predetermined condition. Insurance companies have you over a barrel. So sorry.
Answered by db2byl - Sat Oct 6 16:59:41 2007
Q. I have had an eating disorder for the past 3 years, and desperately need inpatient treatment care, but my insurance company doesn't cover the costs, so I am trying to find a new insurance company that does
Asked by Diamond M - Sat Oct 6 16:12:56 2007 - - 1 Answers - 0 Comments
A. Each insurance company will vary and finding a new one will be next to impossible. You will be automatically turned down, charged a lot more or made to wait for a long time because it is a predetermined condition. Insurance companies have you over a barrel. So sorry.
Answered by db2byl - Sat Oct 6 16:59:41 2007
How exactly does insurance affect our economy?
Q. I understand the basics of insurance. That is the transfer of risk. That insurance companies bet on getting more in premiums than they have to pay out in claims. What I'm trying to understand is, how deeply insurance, our ability to purchase it, affects our economy. Please if you could give me some answers regarding this or point me to a site where I can find more information it would be great.
Asked by lauritaingp - Fri Sep 7 15:44:45 2007 - - 6 Answers - 0 Comments
A. In my opinion insurance is the under pining of our economy. You cannot obtain financing to buy a car, house, commercial building, commercial equipment, boat, airplane, condominium, etc. without showing proof of coverage to the bank since they want the asset which serves as collateral to the loan fully protected against loss. You should not employ someone without obtaining workers compensation insurance. Even if you do not obtain financing it would be foolish and in many cases illegal to go without insurance. Banks will also require key man life insurance on the executives of a company when they are making large loans to the business. And of course unfortunately in most cases you cannot get the best medical care without insurance since… [cont.]
Answered by Margarita D - Fri Sep 7 22:32:16 2007
Q. I understand the basics of insurance. That is the transfer of risk. That insurance companies bet on getting more in premiums than they have to pay out in claims. What I'm trying to understand is, how deeply insurance, our ability to purchase it, affects our economy. Please if you could give me some answers regarding this or point me to a site where I can find more information it would be great.
Asked by lauritaingp - Fri Sep 7 15:44:45 2007 - - 6 Answers - 0 Comments
A. In my opinion insurance is the under pining of our economy. You cannot obtain financing to buy a car, house, commercial building, commercial equipment, boat, airplane, condominium, etc. without showing proof of coverage to the bank since they want the asset which serves as collateral to the loan fully protected against loss. You should not employ someone without obtaining workers compensation insurance. Even if you do not obtain financing it would be foolish and in many cases illegal to go without insurance. Banks will also require key man life insurance on the executives of a company when they are making large loans to the business. And of course unfortunately in most cases you cannot get the best medical care without insurance since… [cont.]
Answered by Margarita D - Fri Sep 7 22:32:16 2007
What insurance company is good for renter's insurance?
Q. I would like to purchase renter's insurance and would like to know some good companies, with good rates and coverage. Thanks! Best Answer received 10 points.
Asked by Bree Bree - Sat Aug 23 16:41:24 2008 - - 4 Answers - 0 Comments
A. The first thing I'd do is call the company you currently insure your car with. Most companies give you a discount if you have more than one type of insurance with them. If your auto insurer doesn't offer renter's insurance you may want to call companies that offer both and get quotes for both. You may save some nice money that way. In general, though, State Farm, Allstate, Amica and Liberty Mutual are just a few companies with good rates and good reputations. I worked for State Farm for 15 years and was always very pleased with the policy, rates and the service. Some tips: * Your main coverages are the coverage on your personal property, or contents, and your personal liability coverage. * Get quotes in writing from a few… [cont.]
Answered by Wendy S - Sat Aug 23 17:22:18 2008
Q. I would like to purchase renter's insurance and would like to know some good companies, with good rates and coverage. Thanks! Best Answer received 10 points.
Asked by Bree Bree - Sat Aug 23 16:41:24 2008 - - 4 Answers - 0 Comments
A. The first thing I'd do is call the company you currently insure your car with. Most companies give you a discount if you have more than one type of insurance with them. If your auto insurer doesn't offer renter's insurance you may want to call companies that offer both and get quotes for both. You may save some nice money that way. In general, though, State Farm, Allstate, Amica and Liberty Mutual are just a few companies with good rates and good reputations. I worked for State Farm for 15 years and was always very pleased with the policy, rates and the service. Some tips: * Your main coverages are the coverage on your personal property, or contents, and your personal liability coverage. * Get quotes in writing from a few… [cont.]
Answered by Wendy S - Sat Aug 23 17:22:18 2008
Where do car insurance companies get your driving record in CA?
Q. I hit a guys bumper while driving a company car a couple of years ago and I thought he filed a claim but the company took care of it and I never heard about it again. I'm getting car insurance and I pulled my driving record from the DMV and all I have is a seatbelt violation but no accidents. Is there another database somewhere that insurance companies will check or is it just your DMV record? Maybe this all got settled without insurance intervention and I dont' want to pay higher fees if its not necessary. Am I in the clear?
Asked by True2it - Mon Dec 10 16:40:30 2007 - - 6 Answers - 1 Comments
A. Was a citation issued at the time of the accident? If not, it won't show up in the MVD. The insurance industry also has something similar to a credit report, called the CLUE report that lists past property and casualty claims made by you. That is used as well in determining your insurability.
Answered by Scott H - Mon Dec 10 17:17:53 2007
Q. I hit a guys bumper while driving a company car a couple of years ago and I thought he filed a claim but the company took care of it and I never heard about it again. I'm getting car insurance and I pulled my driving record from the DMV and all I have is a seatbelt violation but no accidents. Is there another database somewhere that insurance companies will check or is it just your DMV record? Maybe this all got settled without insurance intervention and I dont' want to pay higher fees if its not necessary. Am I in the clear?
Asked by True2it - Mon Dec 10 16:40:30 2007 - - 6 Answers - 1 Comments
A. Was a citation issued at the time of the accident? If not, it won't show up in the MVD. The insurance industry also has something similar to a credit report, called the CLUE report that lists past property and casualty claims made by you. That is used as well in determining your insurability.
Answered by Scott H - Mon Dec 10 17:17:53 2007
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The Washington Independent
Charles Grasssley (R-Iowa) in June, telling Fox News that requiring people to buy health insurance is a good idea, analogous to states requiring drivers to ...
Grassley questions whether insurance mandate violates 10th Amendment Iowa Independent
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Anderson Cooper interviews Wendell Potter a former . insurance. industry Public Relations executive now industry whistleblower.
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