Consider All Personal Insurance Needs
Some people might not be worried about all types of personal insurance because they are young. Young people tend to underestimate the need for homeowners insurance because they are only renting. They might not be aware that there is renter insurance available that could replace lost articles should the apartment burn to the ground or it might cover items that were stolen in a robbery.
Other people will get personal insurance because they must have it because the law requires it. Many people will purchase insurance policies for the automobile they use for personal outings and there are others that will insure a vehicle for business use. The level of coverage might depend on if the owner wants the car replaced if it is wrecked or if they want to limit insurance coverage to simple liability.
Some automobile owners will need a special policy to include an underage driver. The levels for insurance protection might chance under these circumstances because the driver is inexperienced and is more likely to have an accident. A new driver can attend a driver’s education course and get a discount on the personal insurance they buy and this discounted amount will vary by company and the State they live in.
Some driver’s might need personal insurance for the motorcycle they drive to work. The rates for insuring these motor vehicles will be based on many things such as the driving record, type of motorcycle and the number of years that they have been licensed. A separate driver’s license is required for these vehicles and driving schools are recommended before asking for motorcycle insurance.
There are other items that people can choose personal insurance for. Some people buy boats and will need insurance coverage for this vehicle and for the boat dock where it will be stored. Most States require a boating course to be completed before insurance will be granted. Some home insurance policies will combine various vehicles under one policy and insurance discounts will apply when this is done.
Some families will get life insurance policies to protect family member in a variety of ways. Some of these personal insurance policies protect investments and others will ensure that families will have a substantial income to live on after a loved one has passed away. A new life insurance policy can be established for babies and the rates will be adjusted accordingly on those policies and will be low due to the age of the child.
Some people choose umbrella insurance policies because they want added protection to cover all claims. The premiums for these personal insurance policies might be considerably higher than regular homeowner policies but the protection benefits are substantial. Homeowners are freed from worrying about being sued for accidents that take place at home or on the major highways.
If I make a claim using my company car insurance, does that affect my personal insurance reputation?
I recently got into a little fender bender using my company car. The other driver wasn't present, so I left a note. He called, and I followed through by filing a claim with the insurance company. I'm worried, though, that my personal insurance reputation/rating is going to be affected because of this claim with my company car. Any information you can provide would b helpful.
Got an expert response. Expert Response:
Thanks for the note. Many insurance companies have different guidlines and underwriting criteria. This claim should have been on your commercial carrier (through work) and not your personal auto insurance policy. Commercial claims are usually not carried over to your personal insurance policy. You will have to check with your current carrier to see what their policy is.
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September 5th, 2009 at 3:47 pm
Whoopie Goldberg said that same thing in August and September but nobody thought it would fly but we are spending the same money and so they should have done it.
September 5th, 2009 at 5:04 pm
My husband and I wanted each other to be comfortable, owe nothing and make sure our kids will never have to see the inside of a daycare. It was worth it to us to have a large policy even though the premium is higher. I think people should ask themselves what their priorities are and take into consideration earning capacity. My policy isn't as large as my husband's because he can do IT from home where my occupation prior to having kids, is impossible to do from home. Therefore, I need enough money to last until our youngest are grown. It depends on your priorities. No daycare is a priority for us, but not everyone. Consider a mortgage payoff insurance, we have that too. How much debt are you in? What is your earning capacity? How much money do you need realistically and what can you afford to pay each month? If it seems like a lot, maybe reevaluate spending habits. People who buy coffee at Starbucks 5 days a week can easily afford their premiums if they start making their own coffee. I'm assuming fairly decent health to start with. We are not smokers or overweight so I can't say how bad a premium could get if you add these things into consideration. But no matter what, there will be people who consider insurance a waste or don't want to interrupt their lifestyle to make room for the payments.
September 5th, 2009 at 6:28 pm
That's the huge problem about this country. Do you realize that when you apply for an health care problem, age matters??? Rates are different depending of your age?
Is it really what we want in our society? Capitalist firms deciding freely what the rates will be based on discrimination.
Health care has to be regulated, and managed by our government for the benefit of our citizen, not matter what age or medical conditions they are in.
Sorry i can't answer your question because McCain himself doesn't know the answer
September 6th, 2009 at 8:51 am
Try your campus recruitment. Most colleges have a job area, whether the job is on or off campus. They usually have resume writing help as well.
Putting an application into retail stores is usually good for college students, they don't expect you to have experience.
How are you submitting these applications? Are you going there? Are you dressed? I have seen people put in applications dressed like they are hanging with their friends. Don't do that.
Call back the places where you put the application.
If the experience part is blank, then add an objective to the resume. What this job will help you in (here you can bs a bit and relate it to their job). Admitting you have no experience, so as I go through college getting a rounded education, I want to make sure I understand all aspects of the business world. Where I can apply to college what I am learning in business, what I learn in business I can apply to my studies. :-/ Yes I know, but they like that.
Keep trying and check out the college as well.
September 6th, 2009 at 5:14 pm
not unless you live in one of the few states that recognize domestic partnerships…if not- you'll have to wait
September 7th, 2009 at 2:57 am
In most leases I have seen the homeowner is responsible for this repair. If you can't get hold of the owner or any representative of theirs….You will either have to have some work done and hope you get paid back or live with the stink.
No one can tell you (except for the landlord what their insurance covers. I have had water overflows in my personal home and chose not to report it but paid out of my pocket to make all necessary repairs because of the way my policy is written.
September 7th, 2009 at 3:49 am
Republicans definitely overall, if you're American, if you're British then the Conservatives are for you.
I think it's the responsibility of the government to take care of the people – Labour/Lib Dems
Health care should be given to everybody, but their care should not be paid for by everybody else – Conservative
It is our responsibility as a super power to help other countries when they need it – (If you mean by military influence) Conservative, (if by money, food, etc, aid) Labour
It is our responsibility as a super power to halt and hinder another country when they overstep their power and it causes harm to people – Conservative
Taxpayers' money should not be used to bail out big businesses – Conservative
Taxes should be lowered – Conservative
The military should be one of the highest on the list of where the money from the federal budget goes – Conservative
The war in Iraq had some flaws (what war doesn't?), but overall it has been more successful than not – Conservative
Every person has the right to own a gun – Conservative
Those in charge have the right to respect from the citizens. No one is perfect, including politicians – Labour (sounds sort of socialist)
I don't want the money I pay in taxes to go to someone who has no insurance – Conservative
Substitute Conservative for Democrat and Labour/Lib Dems for Democrats, if you're American.
One thing on the list i've done wrong, the gun one. I labeled it Conservative when i realised you were American and couldnt be bothered changing the rest to Republican. In the UK we don't advocate guns so thats why its not correct for us, but your closest party to the conservatives – the republicans do promote this.
September 7th, 2009 at 8:26 am
Assuming each choice is lettered in successive order:
1.B
2.A
3.B
4.C
5.D
6.A
7.C
8.A
9.C
10.C
September 7th, 2009 at 4:19 pm
Yes he does need to sign this was community property just as a retirement fund is as long as you both were married and paid for premiums. It did not matter who paid ,one or both it is still joint property. You may want to recontact the lawyer you used he may want to enter a court request for undiscovered assets. A judge may not do anything but if discovered by ex can also cause court action. Hopefully non of this will come up. The next unasked question is that the insurance company has to report this to the IRS for taxes in both names when cashed so he will most likely{ex spouse} become aware of this. That is one of the reasons never to fudge somebodies signature.The check also will be in both your and his name so proof at the bank will have to be shown which again can be bank fraud so please becareful and let a lawyer help you.
September 7th, 2009 at 4:42 pm
This answer is different state to state. In a community property state, you could be sued for joint assets. However, many states have "homestead exemptions" which preclude someone from being able to take the home you live in.
I'm going to take this to a different asset since houses are complicated: let's say you have 3 boats – one in his name, one in yours, and one in both names. In a community property state, all three can be "touched" by the lawsuit. That's because everything you own, you own together. In a non-community property state, it depends on the statutes. They can always get yours, and may be able to get the one in both names, but probably can't get his.
I hope this answers your question and makes sense.
September 7th, 2009 at 6:25 pm
The expensive society builds expensive way of living.
If you use loans, you are in need of larger insurances.
If you want to be smarter then the system you're living in-you need a good financial advisor and
CASH!
Because all of the above: I have debits and overdrafts as permanent conditions.
But keep trying to be in a good balance.
September 7th, 2009 at 7:35 pm
Ask your parents to activate you on their policy for the month. Most insurance companies will do so at no extra charge if you have a good driving record.
If they do charge your parents to activate you, it might be a good idea if you pay for the costs.
September 8th, 2009 at 7:43 am
I am in the insurance and financial services business and have been for many years. If you were my client, here is what I would suggest:
(1) Unless the life insurance policy was specifically referenced by contract number in your divorce settlement and released to you, it's most likely that contract is still considered to be community property. "Personal Property" would be things like jewelry, clothing, laptop – things that could easily be identified as yours- not a contract as with the policy. I also suspect that your former spouse was named as primary beneficiary and if that's the case, you would need his signature to change beneficiary.
(2) If you don't want to bring this situation to the attention of your former spouse or don't believe that you would get his cooperation without a hassle, there is another route you could take. You can call the insurance company and ask for a maximum loan against the policy. Depending upon how long you have owned the policy, you may be able to get 90% or so of the cash value (in your case that would be $6,300). Depending upon how long you have owned the policy, you may have to do this through a combination of loan and withdrawal. The policyowner service people can assist you. You should be able to get that handled right over the phone and have a check in your hands within ten business days.
Now, you may be thinking "but what about this loan"? "Do I have to pay it back?" A policyowner is NEVER required to pay back a loan. You are simply loaning out your own money. Once you take the loan, you will probably want to stop premium payments (since you were considering surrendering the policy anyway). If you get billed quarterly, semi-annually, or annually you can simply ignore the bills. Eventually the policy will lapse. If you pay through electronic transfer, you will need to ask your insurance company to change the premium mode to annual- then ignore the bills when they arrive. Again, eventually the policy will lapse and that will be the end of the matter.
Now, there is a caveat! Any time you surrender a life insurance policy where the cash value is larger than the sum of all premiums paid into the contract, you will be required to pay federal income tax on the difference (the gain). If you take a loan against the policy and stop all premium payments, eventually the policy will lapse. In this case, not until but when the policy eventually lapses (which could be several years from now), you will then be required to pay federal income tax on the difference between what you paid into the policy and what you pulled out of the policy (the loan not the cash value). If there is no gain or you get less back than the sum of all premium payments then no taxes will be due.
Hope that helps?
September 8th, 2009 at 4:06 pm
There's no cheap plan.
I've quoted this type of business, it STARTS at $20,000 for insurance. Here's the issue:
1. your personal auto won't cover the truck, trailer, or cargo while hauling for a fee. You need a commercial auto policy, and it will likely be rated long distance hauling.
2. You'll need filings to be hauling for others for a fee – including motor truck cargo coverage. Every single dent and ding, they're going to come after you – even if it was preexisting. THIS coverage, with a limit of $200,000, could easily run you $15,000 alone.
There is no cheap plan – this is good money, because it's high hazard insurance stuff. Sorry.
September 8th, 2009 at 5:36 pm
For the deductible, each person will have the $400 deductible but the entire family pays toward the $1000 deductible. For example, you have medical expenses and you pay the $400. You will no longer have any deductible for the rest of the year and your $400 goes toward the $1000. Then your husband has medical expenses and pays $400. You have now paid $800 toward the $1000 so if your son has expenses he'll only have $200 to pay.
The office visit co-pay will depend upon the policy. With most policies the office visit is not subject to the deductible so you'll just pay the $25. The $25 will not go towards the deductible. Some policies will have you pay the deductible first but these are generally rare with group policies. Other types (such as an HSA) also have you pay the deductible first but since these generally don't have a set office co-pay I doubt you have this type.
Most policies have limits and higher co-pays for therapy so you better check the policy first.
September 8th, 2009 at 7:54 pm
Iam no doctor nurse or in the medical field at all but Id say you definatelly need to go in and have them do blood test a complete panal then you may need a D&C its called if your bleeding that heavily during your mensturation cycle you may have to be looked at internally its a minor surgery they can put you out for it and they just look for anything abnormal thats causing your severe symptoms.. you may even worst case scnerio need a hystorectomy or you might need just hormonal resplacement like estrogen..it does sound however you have something chemically not right which is making your periods excessively heavy..to the point your getting these chronic symptoms..you may even have whats known as fibroids Non-cancerous tumors that cause very heave bleeding in some women who have them again those can be taken out with a D&C..any way you look at it get that blood test done..and do not wait you could be regular and living much happier without all these chronic dibilitating symptoms..not to mention the huge bills Iam sure youve been enduring monthly at the hospital ..JEEZ!! I hope I gave you some good advice I will be praying for you hun..I hope you recover very soon,and get on a path to treatment and a healthier you!! God Bless You..Erich.
September 8th, 2009 at 10:11 pm
1. c
2. The owner
3. Decisions can be made quickly without having to consult others.
4. Form a limited liability company
5. A partnership structure eliminates the dividend tax levied upon profits realized by the owners.
6.
7.
8. Corporation
9. the government of the state, province, or national government with which it is registered
10.
September 9th, 2009 at 1:10 am
What's the GOAL of the insurance?
Rather than backing into "why should I buy permanent coverage", you need to set the goal FIRST. What do you want the insurance to DO?
If you buy term and invest the difference, you can STILL pay for burial costs and pass money to your heirs – a LOT MORE money, than through permanent insurance, if you plan properly.
So. What is permanent life insurance good for? Evading estate taxes, if you have a very large estate. You can pass money along without paying half to the government, if you pass it through life insurance. Or, to PAY estate taxes, if you own a business – like a family farm – that is WORTH a lot of money (subject to estate taxes!) but can't come up with that, when you die and pass it to your heirs.
Yes. There are goals that permanent insurance fills better than term. But for MOST people, buy term invest the difference is the better way to go.
September 9th, 2009 at 2:07 am
You need to look at the plat map and declaration. The plat map will show you what is owned by the individual, and what is either owned by the association (if it is set up as an HOA), or part of the common area (if it is set up as a condominium). The declaration (also called the CC&Rs) will tell you who is responsible for what, and who is responsible for the insurance for which parts.
Depending on these documents and the state in which you live, it is possible that it is set up as a condominium, in which case the owner owns basicly the air space, and an undivided portion of everything else (the common area), or it is set up as an HOA, in which case each owner owns their walls and roofs, and the HOA (of which they would own an undivided portion of) would own the land and/or streets and amenities.
The form used will depend on how the original developer set it up. Your insurance agent will need a copy of the governing documents to determine what form/kind of insurance you need.
August 5th, 2010 at 10:02 pm
Being that we already happen to be talking about things in relation to Consider All Personal Insurance Needs | Finance Blog, The policy contract provides for a ‘grace period’, which gives the policyholder an additional period of time after the due date for the payment of the premium. During this period, you can still pay your premium and the life policy still continues to be in force. For monthly mode of payment, the grace period is usually 15 days, while for other frequency of payments (semi-annually or annually), it is usually 30 days. When your life insurance policy has lapsed, you may revive or reinstate it to full force within a period of time and under certain conditions such as declaration of your state of health at the time of reinstatement.