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What Can I Do To Lower My Car Insurance? | There are many steps you can take to lower your car insurance rates . There are numerous discounts that are offered by most insurers , so taking advantage of all of them -LRB- if applicable -RRB- is critical . An experienced broker can help you find them . Being covered for the most cost-effective benefits and the right company is also important since it could mean the difference of hundreds of dollars -LRB- or more -RRB- . Comparing rates is a must and will put more money in your pocket . LIVE answer provided by : ED Harris - Premier car insurance broker for 33 years and owner of several top-rated websites that offer the lowest available rates . |
What Can I Do To Lower My Car Insurance? | You can lower your car insurance rates by doing the following : Consider raising your collision and comprehensive deductibles . Check to make sure you are receiving all of theavailablediscounts including multi-policy , 55 and retired and alarm system . SHOP SHOP SHOP !!! When you shop different companies , you may be able to reduce your premium . A respected website will offer multiple quotes from top-rated companies . You may save more than you thought was possible . |
What Can I Do To Lower My Car Insurance? | You can lower the premium by reducing coverage . If you have physical damage coverage you can also increase the deductible . This does not necessarily lower the cost of insuring an automobile . The greatest price you can pay is to be in a collision and not have sufficient insurance to cover the claim . That situation can send you into bankruptcy . |
Does Long-Term Care Insurance At A Young Age Make Sense? | What age is considered young for long term care insurance ? When you turn age 50 , youll more than likely receive an invitation to join AARP . Most advisers start addressing long term care needs at age 50 as part of their retirement strategy for their clients . But age 60 seems to be the age where long term care becomes a serious consideration . But if your family has a predisposition to disease or a geriatric history of nursing home care , you may not want to wait until age 50 . When youre young and healthy , long term care insurance is relatively inexpensive . If your family fits this profile , you should investigate long term care even if youre age 40 . |
What Is The T On My Medicare Card? | The letters at the end of your Medicare card indicate your beneficiary status . Most will have either and A or a B at the end of their number . If you have an A at the end you were a primary wage earner , a B , you are the spouse of a wage earner . A T at the end means you are not receiving SS benefits |
Does Renters Insurance Cover Pet Liability? | Pet liability is a big issue and generally when the question is asked it pertains to a dog . Most renters insurance willexcludecertain types of dogs if they bit someone . Theseparticulardogs but not limited to are pit bulls , boxers , Akita , rottweilers , chows , and maybe more . It is very important you speak with a local agent on this issue about the breed of dog you own and if your renters insurance would protect you in the event of a dog bite . |
Who Has The Cheapest Homeowners Insurance In Illinois? | I would encourage you to rethink this philosophy . Purchasing your homeowners insurance is often times not an ideal situation . You are entrusting your home to a carrier who is offering cut rate premiums when for a another $ 100 you can go with a highly rated insurance carrier . There is a tremendous difference between A + rate AM Best Insurance carriers and carriers who are only concerned with taking your premiums . |
What Age Should You Get Long Term Care Insurance? | Sooner the better your never as health as you are today as we are one day older tomorrow . You can set your self up very well by getting it started early and in todays market place there are so many options that you can pick from to best fit your needs no matter your age . |
What Age Should You Get Long Term Care Insurance? | It is important to get Long Term Care Insurance while you can still qualify for it . If you are under age 50 and are starting to have trouble with your joints , or lab results are starting to point to getting a chronic health condition , go out and get your Long Term Care policy ASAP . When those things get worse , you may no longer be able to qualify for Long Term Care . If you are over 60 and are still healthy , go ahead and get your Long Term Care Insurance then . Waiting until you are older will only make the rates higher , and you never know if a health condition might develop that will hinder your plans to purchase an LTC policy . |
Why Would Someone Be Denied Life Insurance? | There are numerous reasons to be declined for life insurance . Think of it in terms of gambling . You are placing a small bet , monthly premium , in order to make sure your loved ones have enough money to live at their current means , which is a large payoff at your death . Therefore an underwriter will look at all of the factors to determine your risk of dying within a specified period of time . They look at age , build , medical history , health , lifestyle , residence , occupation , etc. to determine that risk . If they feel any of these factors are too risky you will be declined for life insurance . |
Why Would Someone Be Denied Life Insurance? | There are several reasons an applicant would be denied life insurance coverage , chief among them is medical unsuitability , i.e the risk for the company is too great . Behaviors like hazardous vocations , dangerous recreational activities , multiple motor vehicle violations , DUIs and drug addictions . Falsifying information , misleading or omitting of material facts can also result in a declination . |
Why Would Someone Be Denied Life Insurance? | Assuming that all the cards are on the table and the agent really knows what they are doing , declines should not happen too often . But even in that case , here are some reasons people can be denied life insurance . 1 -RRB- Medical reasons that even they may not realize or think about when they talk to their agent . E.g. . The applicant takes two medications for depression , which is insurable . But when the underwriter looks at the medical records , they find that the patient has recently expressed suicidal thoughts to their psychiatrist , and the policy is denied . 2 -RRB- Insufficient medical information . E.g. . The underwriter wants to see the results of an MRI and no one can find it . 3 -RRB- Tobacco with a serious health condition that is impacted by smoking . E.g. Someone says they quit smoking when they had a heart attack a year ago , but then tobacco is found in lab results . 4 -RRB- Financial reasons . E.g. . The applicant is in the middle of bankruptcy proceedings , has a very poor credit rating , and owes back taxes . Rather than calling this a decline , it is often called a postponement . 5 -RRB- Wrong product . This is the most common reason for decline I hear about when people come to us after being declined elsewhere . They were just told to apply with a product that clearly does not work with their health and personal details . That is a completely avoidable reason for being denied . As you can see by the examples above , some people would be better off going with a No Exam policy to lessen their chances of being denied . Others are better off using medically underwritten coverage . Using an agency that specializes in taking cases declined by others can help you get an approval the first time . |
Can I Buy Life Insurance On My Ex Husband? | Can you buy insurance on your ex ? Possibly . He must either consent to be covered or through the court system , he may be required to purchase a policy . Ownership of the policy could go either way depending on consent or court decree . There is an insurable interest where support payments are involved . |
Can I Buy Life Insurance On My Ex Husband? | If you have an insurable interest you may purchase life insurance on your ex-husband . That would probably mean that he is responsible for child support or alimony . While it requires his cooperation that cooperation can be ordered by the court . You should be the owner , payer and beneficiary of the policy . That way there is never a question of the policy having lapsed or the beneficiary being changed without your knowledge . |
Can I Buy Life Insurance On My Ex Husband? | Being divorced myself , many years ago , I was required to have life insurance on myself for the benefit of my son , ordered through the courts . Today , I like to recommend looking at one of two types of insurance : the first being a term policy with a Return of Premium -LRB- available on a 20 or 30 year term -RRB- so when the kids are out of the house , you get all your money back but if something happens , the death benefit is there . The second is a permanent policy which you can change the beneficiary later . This keeps a policy in place after the kids are old enough where the life insurance is not required any longer . Take a look at your immediate needs and goals along with your long term goals if you have the time to do that during this process . |
How Can I Get Home Insurance Online In Maryland? | There are several companies who offer home insurance in Maryland . The best way to shop for home insurance is through an independent agent . Obviously I 'm bias because I am an independent agent but I 've worked for captive and direct companies and there is a drastic difference . Independent agents are not held to one particular company . Tell them what you want and they 'll explain your options and compare rates with several different companies . |
Which Medigap Plan Is The Best? | The best Medigap Plan is the one that meets your needs . With that said , Medigap Plan F is widely touted as the best Medigap Plan . It 's very popular because it has the most comprehensive health care coverage of all Medigap Plans . Medigap Plan F covers all your Medicare approved charges . You do not have to pay any co-pays , deductibles or co-insurance . As long as you pay your monthly premium , you will receive your Medigap Plan F benefits . Some would argue that Medigap Plan G is becoming the ` best ' Medigap Plan . It acts just like Plan F after satisfying the annual Part B deductible -LRB- $ 147 in 2014 -RRB- . The premium for Plan G is often lower than Plan F. . . which is why many people like it . It 's a personal preference as to whether or not you want to pay the Part B deductible yourself -LRB- Plan G -RRB- or have the insurance company do it for you -LRB- Plan F -RRB- . Some of my clients do n't like to be bothered with paying any bills , so Medigap Plan F works for them . While I have other clients who would rather save money on their premium and do n't mind satisfying the deductible . If would like more information regarding your specific situation , please feel free to contact me . In a matter of minutes , I can provide you with information on Medigap benefits and quotes for your area . |
How Do I Know What My Car Insurance Covers? | You should read your policy completely to know what coverages are offered under the policy . Most auto policies will provide coverage for damages that you are deemed liable for . If you do not understand any part ofyour policy after reading it , contact your local your local agent to have them go over the policy with you . |
Is Short Term Disability Insurance Worth It? | The first consideration is determining if your employer sponsors group benefits at work and if those benefits include short term disability insurance . If not then you should consider at the very least short term disability insurance to protect your paycheck . Most Americans have only 90 days in cash reserves , so it 's important . |
What Does Grandfathered Health Insurance Mean? | Grandfather status applies to health insurance plans that have been in force before ACA -LRB- Obamacare -RRB- was passed in March of 2010 . In order to maintain Grandfather status , you must keep the same plan and have no changes made to it since . Any change in deductible or plan type would cause you to loose grandfather status . Is it important ? It depends on what your view of the future is . One side believes grandfather status is important and should be kept if possible . When the health care exchanges open in 2014 , those who are grandfathered will not be required to carry all the new required coverages ACA mandates . Others feel grandfather status is a gimmick and people will eventually lose it . After March of 2010 , no one else could get grandfather status . So that group of people -LRB- insurance policies -RRB- has no new people coming into it to help offset the increase claims that come with age . That grandfathered group of policies will start to see rates increase as claims increase . The healthy will likely drop grandfather status and go to the exchanges . This leaves even fewer health people to offset those who are sick on the grandfather pool , thus cause additional rate increases until everyone on grandfather status drops that coverage . How long that will take is up to debate and will like play out over time . Will it take 3 years or 6 year or more ; no one knows . If you are unsure if you have grandfather status , call your health insurance company and ask . They will be able to tell you . |
Who Benefits From Annuities? | Tax deferred annuities are generally purchased for income after age 59 1/2 . The income can benefit the owner of the annuity , the beneficiaries of an annuity with period certain income like 10 or 20 years certain and even provide life time income you ca n't outlive . You can also take withdrawals . |
Who Benefits From Annuities? | Annuities meet the needs of a great many people . I suppose the most obvious need is that an annuity can provide an income that you can not outlive . In retirement income planning there are some who feel that establishing a base income using an annuity is extremely important as it then allows the retiree to spend or invest the balance as appropriate for their standard of living . |
Does Car Insurance Cover Hitting A Deer? | If your car is damaged because you hit a deer there is physical damage coverage available if you selected it . The coverage is called comprehensive . It normally has a deductible so the claim would be adjusted on the basis of the cost of repair minus the deductible . |
Does Car Insurance Cover Hitting A Deer? | Assuming that your car insurance policy includes physical damage coverage for `` Comprehensive '' loss , then yes , you will have coverage if you hit a deer or any other animal . This coverage will also pay settlements for theft , vandalism , if your car bursts into flames or if an object falls on it while it is parked . |
Does Car Insurance Cover Hitting A Deer? | Great question ! Yes , hitting an animal is covered under your insurance , assuming that you have comprehensive coverage . You might have to pay a deductible , you may not , depending upon your policy . Call your agent , and have them tell you exactly what it will cost you . Good luck ! Thanks for asking ! |
Does Car Insurance Cover Hitting A Deer? | Car insurance covers hitting a deer . Typically , if you have `` full '' coverage on your vehicle -LRB- collision and comprehensive benefits -RRB- , the claim will be paid by your insurer . Typically , it is classified as a `` comprehensive '' claim and not subject to any surcharges . You may have a deductible to meet , although having `` no '' deductible is fairly common . As an experienced car insurance broker -LRB- 33 years in the business -RRB- , this question is quite common and we handle them on a regular basis . |
Can Long Term Care Insurance Be Deducted From Taxes? | In qualified long term care plans , long term care insurance can be deducted from taxes . The premiums that can be deducted are outlined in the instructions provided with your tax return . Qualified life insurance plans require inability to do two or more ADL 's or cognitive impairment with expectation of the need for care lasting over 90 days in order to receive benefits . |
Does Getting Married Affect Auto Insurance? | Yes , in most cases . Rates for married vs single are different amoungst most companies . How it will affect your rates is unpredictible because it depends on whether or not you were residing in the same household over the last year for starters . In Wisconsin at least if you reside in the same household you must be listed on each others policies if separate insurance is carried . To know exactly how getting married would affect your rates , I would suggest contacting your local agent to discuss it with them . |
Does Getting Married Affect Auto Insurance? | Being Married or not married is a rating factor in auto insurance . This is not to be mistaken as a discount . Variable rating factors ultimatelydetermine your final rate . Being married in most cases has a favorable rating factor . The criteria is with almost all insurance carriers is you must reside together or be able to explain a really good reason why you are not residing together if you wish to obtain the married rate . The spouse is not necessary required to be listed on the policy as an operator but must be disclosed as a household member . |
Does Life Insurance Go Into Estate? | If a life insurance policy is not owned by an irrevocable life insurance trust or owned by a legal business or charitable entity , it is -LRB- with few a exceptions -RRB- in the policy owners estate . That , in itself , may be a nonevent depending on the size of the estate . If the assets of the estate including the death benefit proceeds total less than the unified credit , there may be very well no federal taxable event . However the resident state has its own exemptions and in most states is considerable less than the federal unified credit . So its important to seek legal counsel to determine the ownership of life insurance . |
Does Life Insurance Go Into Estate? | If there is no named beneficiary or if the named beneficiary in a life insurance policy is not living at the time the life insured owner dies , and there is not a back up -LRB- contingent -RRB- beneficiary named , the proceeds go to the estate . This needlessly subjects the policy proceeds to probate . Always name a primary and back up beneficiaries and have a life insurance professional review your policy at least every three years to ensure your policy will perform as you currently desire . |
Does Life Insurance Go Into Estate? | There may be two questions being asked here . 1 . Are the death benefits of life insurance considered as part of a deceased 's estate ? 2 . Do these life insurance proceeds go into the probate process after death ? Life insurance proceeds and value can be considered a part of the OWNER 'S estate for estate tax purposes if it is either owned by the person at the time of the insured 's death , or had been transferred away within the past three years . This can get complicated , and should be discussed with a professional in your area who can help you understand better . Now , for the second question . If structured correctly , just like Jerry said above , one of the benefits of life insurance is that it BYPASSES probate and is not dragged into that process . To take advantage of this , you should have your beneficiary designations reviewed on a regular basis by a trusted professional in your area . |
Does Life Insurance Go Into Estate? | Life insurance proceeds generally do not go into the estate at the time of the insured person 's death . However , some people designate the estate as the beneficiary , in which the death benefit would go through probate . They will also go into the estate by default if all beneficiaries named are deceased . To avoid life insurance proceeds from going to the estate , name a person or organization as beneficiary . |
How Much Disability Insurance Can You Get? | Your income and the individual Disability Insurance policy will determine how much Disability Insurance you can get . Most private , Long Term Disability policies allow a monthly benefit of 45-70 % of your monthly earned income . Group Disability insurance usually will replace 60 % of the base salary that is being paid to employees . |
How Much Disability Insurance Can You Get? | Along with the 45-70 % that Peggy mentioned , many people choose to purchase other forms of insurance or DI to help make up for the remaining income that 's not covered . Critical Illness Insurance is often purchased so that the insured can receive a lump sum benefit on top of their monthly benefits . Also , you can purchase retirement plan DI , which will continue to make retirement contributions on your behalf should you be unable to work and make contributions to your 401k . |
What are my options for life insurance if I have chronic hepatitis b and mild cirrhosis? | I do have a life insurance policy that you can get with chronic hepatitis B and mild cirrhosis , if it is available in your state . Ironically , there will be more policies available to you when you are over the age of 40 , but this one is available at age 29 . Unfortunately , you will not be able to get a medically underwritten policy with the presence of cirrhosis . I have tried this before and it would be a futile and disheartening experience for you . Please feel free to contact me for details of the policy that you can get . |
What are my options for life insurance if I have chronic hepatitis b and mild cirrhosis? | You can go about securing coverage in one of two ways for this type of medical condition . A route with no medical questions would be issued under a guaranteed-issue , graded benefit whole life insurance policy -LRB- 2-year waiting period for full coverage to start - accident only coverage in years 1 and 2 -RRB- . The maximum amount of coverage you can secure under one of these programs is between $ 20,000 - $ 25,000 . Please note , most guaranteed-issue life insurance policy have a minimum age requirement of 45 or 50 years old . The 2nd route is going to be the most advantageous If you 're looking for more coverage than that , but you would need to go through full underwriting . These programs would allow you to secure full coverage from day 1 of the policy -LRB- no waiting period under a graded benefit -RRB- . The specific results of the liver enzyme tests for the conditions , the medications used to treat the condition , alcohol consumption frequency , how long you 've had the condition , and other factors contribute to the risk classification a carrier can offer -LRB- this determines the rates -LRB- cost -RRB- for the coverage , if approved -RRB- . Because there is a presence of hepatitis with cirrhosis of the liver , you will need to shop the case among multiple companies to see which carriers can consider coverage at what risk class . Every company has their own underwriting guidelines so some companies may be able to work with the medical history where others may not - for this , I highly recommend shopping the case first before applying for ANY coverage because throwing mud against the wall to see what sticks -LRB- applying to multiple companies -RRB- can work against you as it can become a red flag to insurance companies when they see declines in the MIB -LRB- Medical Information Bureau -RRB- records . An independent insurance broker such as myself can do this for you . My group is licensed in over 35 states and with over 50 insurance companies and we charge no fees to our clients for our services . We can help you with the entire process from start to finish . If you 'd like assistance in buying a life insurance policy , please send me a message and we will help you shop the case so you can secure the desired coverage at the lowest possible cost - my contact information is provided on my profile . I hope the information is helpful - thanks very much for your question . |
What Is A Life Insurance Premium? | A life insurance premium is the cost of the policy you are purchasing . The `` premium '' is typically billed monthly or annually although semi-annual and quarterly are sometimes available . If it is a permanent policy , at some point , you may have cash value that accumulates that will give you some limited flexibility in paying the premium . |
What Is A Life Insurance Premium? | A life insurance premium is what is paid to the life insurance company in exchange for their willingness to pay out the face amount of the policy if the insured person should pass away . Some policies will return the premium if death does not occur by the end of the term . |
Will Medicare Pay For Drug Rehab? | Drug addiction treatment can be covered under Medicare Part A or Part B . If your treatment is in a Medicare approved facility , your doctor certifies your need for drug addiction treatment and the treatment is medically necessary , Medicare should cover a portion of the cost of your treatment and rehabilitation plan . |
Can I Change My Homeowners Insurance? | Homeowners insurance coverage is typically an at will policy . You can normally add or remove coverages or endorsements at any time you like within the carrier 's parameters for coverage -LRB- this of course my affect your premium -RRB- . If you are looking to change carriers then you can cancel with your current carrier and sign up with another . |
Can I Claim Renters Insurance On My Taxes? | The IRS does not look favorably on any personal insurance deductions such as car , home , boat , jewlery or fine art insurance or rental insurance . However , Renter 's Insurance Can be tax deductible if you operate a business out of your home . In order to claim the renters insurance as a valid deduction you must allocate a certain percentage of your home as your office space and that portion theirof is tax deductible as part of eligible expenses . If you do not own a business , you can not deduct your renter 's insurance |
How To Pay For Funeral Expenses With No Life Insurance? | How to pay for funeral expenses when there is no life insurance ? Well the most basic way is to liquidate an asset or borrow from a credit card or dip into a family memver 's savings or investments . The problem with all of that is timing . Having to borrow or liquidate investments may cost more than what is spent on the service as cashing out in a down market or borrowing at a high credit rate can make things cost more . What life insurance does more than any other financial product is create a pool of money when it is most needed to be used for any purpose , without penalty , or tax or market risk . |
How To Pay For Funeral Expenses With No Life Insurance? | This is a good question . I am sorry for your lost , this is the reason it s so important to get life insurance . If you do n't have life insurance , you may want to reach out to your community for help , churches , etc. . Talk to the funeral home and ask if there you can arrange a payment plan or if there are other ways to save money . Quotes are free , explore your options when it comes to life insurance everyone . Be Blessed ! |
Can Unmarried Couples Get Auto Insurance Together? | Yes , some carriers will allow unmarried couples to get an auto insurance policy together as long as they reside in the same residence . Contact a local agent to find out about coverage availability and pricing within your area . In some rare instances an unmarried couple may achieve better rates by securing separate auto insurance policies . |
Does Usaa Have The Best Auto Insurance? | If USAA had the best autoeveryone would have USAA and everyone else would go out of business . I am an independent agent for dozens of companies and I get asked this question all the time . Who is the best ? My answer is there is no one company that is the best . Each individualor familymeetsdifferent criteria and have different needs . My job is to asses those needs and based on the information find the correct coverages at the most affordable rates . USAA is a good company but do they match up in every case . Absolutely not . And the reason for this is no company wants all the risk . As much as it seems by advertising insurance companies want everything in reality insurance companies only want to take on a certain percentage of risk and spread the rest around . |
Do I Need Vacant Home Insurance? | I agree with Ted . Just because a property is vacant does not mean that your liability stops on the property or that the mortgage disappears . You own the property , it has some value , why not protect your investment . Would n't it be better to receive a check if the property experiences a covered loss as opposed to a bill for the clean up of the property and no check because it was n't covered not to mention the liability exposure . If you own the property typically you will be held responsible if someone is hurt while on it . Call your local agent for pricing of this type of coverage . |
Do I Need Vacant Home Insurance? | Yes , if you own a home that is vacant you can still be held liability for damage to the home and liability . For example , if that home catches fire and causes damage to a neighbors house , if someone gets hurt on the property etc. . If there is a mortgage on the home the bank will require insurance . While you are not required by law to have insurance on a vacant home , you leave yourself open for major lawsuit if you do not cover it . |
Can Annuities Lose Value? | The short isit depends on the annuity . There are basically three crediting methods used in deferred annuities : interest rate crediting , indice crediting and separate sub account crediting . Interest rates are generated by the companys predominately government bond portfolio . Most indexed annuities invest their interest rate returns in domestic and foreign index options . Some indexed annuities that credit zero in a given year , still charge policy expenses and which could result in a loss . Variable annuities use equity and bond instruments in their separate sub accounts selected by the variable annuity owner . These separate sub account allocations are subject to market risk , i.e. you can lose money . |
Can Disabled People Get Life Insurance? | When a disabled person applies for life insurance there might be a tendency to limit personal information . It is wiser to trust the underwriters with as much information as you can provide . The information provided by your physician can sway the underwriting process . I recently placed a standard policy on a client with a severe , chronic disability . Both the client and I were delighted . It never hurts to ask a trusted agent for help . You might be surprised at the results . |
Can Disabled People Get Life Insurance? | Can disabled people get life insurance ? This is an excellent question . There are some simplified issue policies that decline people on disability , as if all disabilities are the same . And disability is used as a factor in determining the health rating for many medically underwritten policies . So your question is very valid . The answer is `` yes '' , disabled persons can get life insurance . But they need to apply for a policy that fits their particular reason for disability . E.g. . If you use a cane for an old knee injury , you should pay much less than a person who usesa cane because he/she had toes amputated for diabetic complications . But if you do not use a company that is suited to your reason for disability , you may find yourself paying the higher price simply because you use a cane . The causes of disability are as varied as the number of illness and injuries that exist . And insurance companies sometimes treat those who receive Social Security Disability or private disability insurance as different from those who receive military disability benefits . So it does take an impaired risk life insurance broker with knowledge of multiple health conditions to sift through all your choices and find you the best one . |
Can Disabled People Get Life Insurance? | That is a great question ! The answer is yes , you certainly can . I can not advise you strongly enough to find an agent who can help you find the right policy for you . There are a few different types of policies available to you , and they can run from very reasonable to unaffordable , depending on what you shown , and the reason for your disability . An experienced agent can find the right policy for you . If you would like to get a more personal answer , please contact me , I 'll be happy to set aside some time to talk to you privately . Thank you for asking ! |
Why Is CareFirst Raising Its Rates So Much? | I ca n't tell you specifically why CareFirst is raising rates but I do know this much . No matter what the increase is , most people think it is too much and unjustified . Health insurance rates rise because of a number of factors , all tied to the cost of health care . When claims go up premiums must follow . |
What Should My Homeowners Insurance Include? | Most clients opt for minimum coverage and yet there are coverages that might be applicable to you that could save thousands of dollars . The first thing to consider is that neither flood , nor earthquake are covered . 25 % of property damage in the USA is caused by . . flood . Even if you are in a dry area consider getting a flood endorsement or policy . Earthquake coverage must be offered so the details about that coverage are normally available . Water damage from sewer back-up is a vital coverage particularly to older homes . Older homes also need coverage for ordinance changes that mean that your home would be more expensive to repair if there is a partial loss . A careful inventory of your personal property would probably uncover value that isnt covered by the policy . There are restrictions on several categories of propertywatch out . The last that I will mention is probably the most important , opt for the highest liability coverage that you can get from your company and then inquire into an umbrella . A lawsuit will ruin your weekend !!! |
Does Renters Insurance Cover Fish Tank? | If your personal property includes a fish tank , it will be covered by your renters policy . It might even cover the damage that would occur if your fish tank were to suddenly leak and damage your personal property . It would only cover if certain perils occurred , such as fire and lightning . If the tank failed because of abuse or even normal wear , a claim would be more difficult . |
What Insurance Do I Need To Rent A Car In The Us? | This depends upon where you are coming from . If you currently live in the U.S. you will have a couple of options . There are endorsements available through your current Home and Auto policies for rented/non-owned cars . If you have a credit card , then the credit card might offer car rental insurance if it is used to purchase the rental . If you do n't have Home/Auto insurance in the U.S. or a credit card then you can always purchase rental insurance through the rental agency . I hope these options help . |
Should You Have Short Term Disability Insurance? | There are two categories of people who should have short term disability insurance . The first group is people who live check-to-check with little or no savings . A short disruption in income could cause them to quickly fall behind on the mortgage , car payments , and other regular bills . The second group is people who have a high probability of becoming temporarily disabled . People with active lifestyles or physically demanding occupations may need a policy . Women who are planning to have children will need to stop working while on maternity leave . |
What Is The Best Life Insurance To Buy? | That is a great question , and one we are commonly asked . The answer really kind of depends upon what you want it to do , and your budget . If you want to have a policy to cover a short term loan -LRB- mortgage , college loans , etc. -RRB- then a term policy makes sense . If you just do n't have much money to work with right now , but expect to in the near future , maybe a term policy makes sense . If you want the security of knowing that your rates are set , and wo n't go up , and knowing exactly what the policy will pay when the time comes , then a whole life policy makes more sense . There are times when a combination of the two work best . The best thing I can suggest is that you contact an agent , and have them walk through your needs with you , and help you find what is best for you . Thank you for asking ! |
What Is The Best Life Insurance To Buy? | The best life insurance to buy is one that will provide enough death benefit to make sure that those you love are properly cared for in the event of your death . Part of that need will be permanent in most cases . In other words , you never live so long as to not have final expenses and perhaps other concerns . The remaining portion can be term insurance tailored to the length of the need . |
What Is The Best Life Insurance To Buy? | The best life insurance to buy is a policy that meets your specific needs . There are a variety of policies to choose from because they have been developed to meet different needs . Term life insurance is the type of policy that will cover a temporary need -LRB- e.g. length of a loan or to raise children to adulthood -RRB- . Whole life insurance will satisfy any need that is present at death at any age -LRB- e.g. funeral , passing inheritance to next generation , or paying estate taxes -RRB- . Indexed Universal Life is insurance that can provide income during retirement . Once you have established the need , your agent will then guide you to finding the company that has your best rates . Sometimes poor health can limit your choices of what type of policy you can buy . But you will never know your best policy without a good agent to assist you . |
Why Do Apartments Require Renters Insurance? | Renters insurance should always be mandatory . Its a very inexpensive policy , covers so many different type of instances and most often the savings on your auto insurance more than pays for renters insurance . Landlords that require it are genius . Remember your landlord has -LRB- should -RRB- insurance to cover the structure -LRB- house -RRB- , however this policy WILL NOT cover you , your stuff or pay to relocate you if there is a fire , water loss , burglary etc. . For a small cost usually 60 dollars or so a year you 've got protection for you stuff -LRB- clothes , furniture , books , computers ect -RRB- anywhere in the world ! |
Why Do Apartments Require Renters Insurance? | In many cases , having the tenants carry their own insurance will help the apartment complex lower their insurance costs . It is a way of sharing the risk and costs , which hopefully translates to lower rents for the tenants . Think of it like a pot luck dinner - if everyone brings a dish , the host can focus on supplying the drinks , and not worry about the cost of food also . |
What Is Human Life Value In Insurance? | Simply put , your Human Life Value is the amount of income you will be expected to earn in your lifetime . A person earning $ 100,000 per year over a 30 year period , for example , would have an approximate Human Life Value of $ 3,000.000 . So if that person wanted to protect his entire Human Life Value , he would need $ 3,000,000 in life insurance . |
What Is Human Life Value In Insurance? | Human value is defined by the gross earning power of an individual over their expected lifetime ; this should include Social Security benefits in retirement as well . That total earnings should also include an inflation rate , some underwriters use 3 % . The total sum will give you an idea of the human value you can indemnify for life insurance purposes . |
What Is Human Life Value In Insurance? | Ted , I would like to respectfully disagree with your definition of what human life value is . Simply put , it is NOT the amount of income one is expected to earn in their lifetime . Earnings are a component of human life value , as are other factors , such as income taxes and personal consumption . One 's HLV is their economic value to their dependents . It can be roughly estimated by taking one 's expected gross earnings and subtracting income taxes and personal consumption . There 's more to it than that , but that 's an appropriate starting place . For a thorough explanation of what human life value is and why it 's important , and to use a tool to estimate your own HLV , please visit www.humanlifevalue.com |
How Long Does An Auto Insurance Claim Take? | Oh wow , unfortunately there is no black and white answer to this question . It varies drastically from carrier to carrier but also from claim to claim . Your actual claim will determine a lot about how long the process will take to full resolution . If it is a simple `` fender bender '' where things are pretty cut and dry , you are talking a matter of a couple of days ... with our carriers and on claims like this as soon as the field adjustor can get out to inspect the car , they are usually cutting a check on the spot . If seen claims like this close in a day , but also have seem them take a couple of days to close simply due to scheduling issues . More serious claims take longer . If fault is in questions and police reports have to be pulled , this takes time . If there are serious injuries or death , these take a lot of time . Typically you do n't have to wait until the claim is settled to start the repairs on your vehicle . If you car is `` totaled '' you might have to wait until it is settled . Each claim and carrrier is different and you have the right to stay informed about the process . Your adjustor will no more than your agent so stay in contact with them and ask them direct questions about the length of time things should take and what you should expect during the process . Contact your local independent agent and ask them specifics on the claims process of their carriers . |
How Long Does An Auto Insurance Claim Take? | Honestly that depends upon the severity or complexity of the claim . In many cases , more simple claims like glass replacement or towing reimbursement or even minor collision or comprehensive losses can be settled in a matter of hours and the work completed in a matter of days . Liability claims that are for the most part triggered by legal action , can take months to a few years to settle . |
Can A Roth IRA Have A Beneficiary? | Yes , a Roth IRA can have a beneficiary . If your spouse is the beneficiary of your IRA , they can treat the Roth IRA as their own . If your beneficiary is other than your spouse , that person must take Roth IRA distributions by the end of the year containing the 5th anniversary of your death or over the life expectancy of the beneficiary , starting no later than December 31 of the year following your death . |
Can A Roth IRA Have A Beneficiary? | There are many programs that are qualified retirement plans known as Roth IRAs . I am not sure that each will allow designation of a beneficiary . There are certain funding vehicles that include beneficiary designations , an annuity being one . Regardless , upon death if the proceeds have not passed by beneficiary they will still go to the heirs by will or probate . |
What Health Insurance Should I Get? | Figuring out what health insurance you should get depends on several factors - mainly how much risk are you willing to take on and how big of a check are you willing to write . You have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . Bronze plans generally cover about 60 % of your healthcare expenses , Silver is 70 % , Gold is 80 % , and Platinum is 90 % . So , in short , the better the benefits that you want to have , the higher the premium will be.This is where an independent insurance agent can really help you . They can work with you to look at a wide range of options from many of the top carriers in the industry . So , in short , If you want to have better protection and take on less risk , you may want to look at a gold or platinum plan . If you want to simply keep your premiums down and do n't mind taking on more risk , you may want to look at a bronze or silver plan . |
What Health Insurance Should I Get? | Always purchase a health insurance plan that has the best level of benefits which you can reasonably afford on a monthly basis . This is the # 1 piece of advice I 've offered health insurance clients in my 10 year career . It 's never served me wrong . Purchasing based on cost alone will leave you regretting your decision when something big happens and you really need to use it . |
Should Long-Term Care Insurance Be Mandatory? | Health insurance is protection that everyone can use , if not for treatment , then for preventative purposes . Long term care insurance is not nearly as certain to be needed . Many people pass away suddenly , as in an accident or from an acute illness , with little to no time spent being unable to care for themselves . Therefore , I do n't feel that long term care insurance should be mandatory . |
Should Long-Term Care Insurance Be Mandatory? | Should long term care insurance be manditory ? Well , I think this is more of a seeking opinion question that will have different answers for different people . Part of the healthcare change coming to us was supposed to be manditory long term care . The long term care portion was dropped as it was finally understood that the money was not there to run the program . Personally , I do n't think LTC insurance should be manditory , a person has to see the value in owning it or not . |
Is Homeowners Insurance The Same As Mortgage Insurance? | No , homeowners and mortgage insurance are two different policies and they cover different events . Homeowners : this covers specified events that cause damage to your home , personal property and surrounding structures . Mortgage Insurance : this covers a default on the payment of a mortgage . What this means , is if you have a mortgage and you fail to pay it , then the mortgagee -LRB- e.g. bank -RRB- will file a claim against the policy to collect on the payment . I hope this helps . |
Can Life Insurance Look At Medical Records? | Yes , when you fill out a Life Insurance application you give consent via a HIPPA form for the company to obtain any medical information necessary to underwrite your policy . Companies will usually just do a check through the Medical Information Bureau database . If everything matches up they will go no further . If there is something they need to check further , they may request Medical records from your doctor . |
Can Life Insurance Look At Medical Records? | Can life insurance look at your medical records ? Yes as it is part of the process of underwriting . The applicant signs off as part of the application process the acknowledgement that medical records may/will be reviewed . While there are policies that skip this process , the cost of such policies tends to be very expensive . |
Why Is It Good To Have Renters Insurance? | Not only is it good to have rentersinsurance , it is smart . Ask yourself this : if the place you live was destroyed by a fire , could you afford to replace all of your belongings from your checking or savings account ? For pennies on the dollar , the premium that you pay for renters insurance would provide such protection . |
How Much Is Health And Disability Insurance? | The answer to this question will be different for everyone . health and disability insurance costs are dependent on your age , health history , and for disability insurance , your occupation . The best thing for you to do is to find an agent in your area who can explain the different types of coverage and provide you with multiple options for each type of coverage . You could also email a top contributor of Insurancelibrary.com directly -LRB- their websites are in their profiles -RRB- and ask them to help you get coverage . If they are n't licensed in your area , they can probably recommend someone who is able to assist you . |
Does Medicare Offer Life Insurance? | No , Medicare does not offer Life Insurance . For those persons age 65 or older , there are a number of Senior Life Insurance policies that do not require an exam and at a reasonable price . They also are offered for persons of nearly every type of health condition , and generally are in Whole Life so will stay in effect until death at any age . You can find those by contacting an insurance agency and asking for final expense , senior life insurance , or burial insurance . |
What Does Qualified Retirement Plan Mean? | Most qualified retirement plans are under ERISA -LRB- The Employee Retirement Income Security Act of 1974 . -RRB- Theyre usually employer sponsored or individually elected plans , i.e. employer examples would be 401 -LRB- k -RRB- s , SEPs or 412 -LRB- e -RRB- . Individual plans examples would be Roth IRAs or traditional IRAs . The contributions are tax deductible . The plan account accumulates tax deferred . The distributions are taxable as ordinary income . |
Will My Auto Insurance Cover Vandalism? | Yes , it is covered under the comprehensive portion of your auto insurance , of course less your chosen deductible . Deductibles can vary greatly from -0 - to up to $ 2500 with most carriers . A few companies allow you to have a higher deductible on comprehensive & still have a ZERO deductible for glass . Contact a independent agent for the most options . |
Will My Auto Insurance Cover Vandalism? | Vandalism is covered under the comprehensive -LRB- other than collision -RRB- portion of your policy . Typically , newer vehicles have the coverage as well as vehicles that are less than 15 years old . A deductible may apply to your policy , which is the portion you will be responsible for . Typically , the deductible ranges from $ 0 to $ 500 . |
Will My Auto Insurance Cover Vandalism? | Great question ! I am sorry to hear you need to ask this question . The good news is that if your coverage includes comprehensive coverage , then your damage is covered . Call your agent , and see if the estimate to repair is more than your deductible , if it is , file a claim . If it is less than your deductible , maybe it is wiser to fix it , and skip the claim , as it may result in higher premiums , and you would have had to pay for the repairs anyway . Good luck ! Thanks for asking ! |
Does 401K Withdrawal Affect Taxes? | When you withdraw money from a 401 -LRB- k -RRB- it is taxed as a distribution of ordinary income . If you take it out prematurely and you dont meet an exception you will also be subject to a special 10 % surcharge . Remember that money in a 401 -LRB- k -RRB- has not been taxed previously . |
How Does Long Term Healthcare Insurance Work? | Long Term Healthcare Insurance works by either reimbursing the provider of the long term care , or paying the benefit directly to the insured person to pay for their own long term care services . This occurs after the insured person qualifies for the benefit to be paid , by being unable to perform two or more ADL 's and a few other conditions . When the elimination -LRB- waiting -RRB- period has passed , the Long Term Care Insurance benefits kick in . |
Does Life Insurance Premium Include GST? | Life insurance is exempt from GST -LRB- Goods and Services Tax -RRB- in Australia because it is classified as a financial supply there , and Australia exempts financial supplies from GST . Likewise , there is no GST related effect when payment of claims are made by the life insurance policy . GST is also not included in life insurance premiums in New Zealand as life insurance is also exempt from GST in New Zealand . |
Can Teachers Have 401K? | Yes , Teachers can have a 401 -LRB- k -RRB- if their place of employment is a for profit school . Most Teachers have a 403 -LRB- b -RRB- available to them for retirement planning . 401 -LRB- k -RRB- and 403 -LRB- b -RRB- are sections in the IRS code which define what retirement plans are available for different groups . I would recommend looking up the code and/or talking to your HR administrator for more information . If they are not available , please contact your agent or broker who can help answer any specific questions you have . |
Can You Drive A Car With Someone Else's Insurance? | Insurance isnt on the driver . Insurance is on the automobile . The issue is to determine if the car is insured . If it is , anyone driving it is insured . However , you will not be covered operating your car with your neighbors insurance policy . Your neighbors policy covers his car , not yours . |
Can You Drive A Car With Someone Else's Insurance? | That is a great question ! The answer depends upon your companies policy . Some companies will require the drivers to be listed on the policy , some will extend driving privileges to all members of the household . Some will go so far as to allow anyone that you give permission to . Check with your agent first , and find out their rules . Thanks for asking ! |
Does Homeowners Insurance Cover Other People'S Belongings? | If the property is in your care custody and control then it would be covered . For example , if you borrow someones musical instrument and you have a fire , that item would be covered . If you have a family member living with you and they have belongings in your home , they would be covered . If however you are renting an apartment or room in your home , that persons property may not be covered . |
Will Homeowners Insurance Cover Septic System? | A homeowners policy covers damage caused by named perils . The septic system could theoretically be damaged by a named peril but it is not very likely since it is underground . It is more likely that damage to the system would be the result of fair wear and tear or earth movement . These particular risks are excluded in most homeowners policies . Refer to your policy for specific information . |
Can Hospitals Bill Medicare Part D? | Medicare Part D is your prescription coverage for self-administered drugs.When you have a covered inpatient hospital stay , Medicare Part A will cover your medicines administered during your stay . Medicare Part B only covers some types of drugs , typically those that are n't self-administered or are given during a doctor 's office visit or procedure . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . |
Does Homeowners Insurance Cover Sewer Line Replacement? | Usually no . . however some insurance companies will allow you to add a `` service line '' endorsement that could provide coverage for a sewer line . Typically it will only cover the portion that runs through your property . |
Does Homeowners Insurance Cover Sewer Line Replacement? | Normally , No . A homeowners policy normally excludes coverage for normal wear and tear . A policyholder might be able to argue that the sewer line was damaged by one of the covered perils but it is very difficult to imagine that . |
I Own A Duplex & Want To Put It In An LLC. Can It Be Insured? | Yes of course , but more than likely it will not qualify for a standard dwelling policy issued on a personal lines form . Instead it will need to be covered by a commercial policy designed to offer protection for properties that are titled in the name of a business , in this case an LLC . |
What Questions Should I Ask About Long Term Care Insurance? | Some questions to ask about long term care insurance are : 1 -RRB- Is there an inflation rider to cover increasing health care costs ? 2 -RRB- How long is the benefit period ? Does it go by years , or when the lump sum runs out ? 3 -RRB- How long is the elimination period ? 4 -RRB- What are the triggers for benefit to begin ? 5 -RRB- What type of care is covered ? -LRB- e.g. could you pay a relative to care for you in your home -RRB- 6 -RRB- Is the company solid ? What is their history of rate increases ? 7 -RRB- Is the policy tax qualified or a partnership policy ? |
Is Buying Disability Insurance A Good Idea? | Is buying a disability policy a good idea ? Well , it 's going to depend on if the person buying it sees the value in it . Insurance is a way to protect yourself from loss . Disability insurance is paycheck protection . It creates a pool of money when you ca n't because of illness or injury . How valuable that is to you , depends on how you feel about it . |
Is Buying Disability Insurance A Good Idea? | The reality is that Americans ages 35 to 65have a 1 in 4 chance of becoming disabled for more than 90 days . Considering the average American only has 3-6 months of cash reserves in savings , you have to be prepared to cover your bills , mortgage , etc. in the even that you become disabled and can no longer work . And do n't forget that 90 percent of disabilities are caused by illnesses -- not injuries . You ca n't assume a disability wo n't happen to you , especially since there 's a 1 in 3 chance it might . |
Can I Sign Up For Medicare Part B Late? | Yes , however , the best time to sign up for Part B is during your initial enrollment period when you turn 65 . If you choose not to enroll in Part B when you 're first eligible , you can enroll during the General Enrollment Period - January 1st to March 31st of each year . When you do this , the effective date will be July 1st . You may be subject to a late enrollment penalty if you do n't sign up when you 're first eligible : an additional 10 % is added to your premium for every year you did not have the coverage . You can avoid this penalty if you qualify for a special enrollment period - the most common way this happens is coming off of a group plan . A special enrollment period is an 8-month window to enroll in Part B without the penalty being tacked on to the premium . If you enroll during this 8-month window , the effective date would become the first day of the following month . |
Can I Sign Up For Medicare Part B Late? | You can sign up for Medicare Part B late , but there may be penalties . If you do not enroll in Medicare Part B when you first become eligible , you can enroll during the open enrollment period from January 1 and March 31 each year . If you sign up during this period , your plan will become effective July 1 . You will be charged an additional 10 % on your premium for every 12 months you went without coverage . However , if you did n't enroll because you were covered by a different insurance plan , you can sign up during the eight months following the end of that plan without a penalty . |