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Insurance

~28700 answered questions
Parent Category: Business & Finance
Insurance comes in a variety of forms. You can insure your car, your home, your personal property, even your life. By paying a periodic premium, you can be protected and even compensated against future loss or damage.
Effectiveness of Insurance Ratings Choosing the right insurance company is usually an important financial decision - whether for personal or business purposes. Before making a decision, an important consideration is the overall financial strength of an insurer. If an insurance company cannot …
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Repo Business Insurance You can also contact me! I represent an Industry driven Program that was designed to package all of the coverages that are required by the major lendors. The hard coverages to acquire through your average broker are the wrongful Repossession and the Drive away coverage. This …
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Direct quote from the web-site in the related link... "The suffix dates back to when contributions were recorded on cards which were returned annually, staggered throughout the tax year. "A" meant the card was to be returned in March; "B" in June; "C" in September and "D" in December. Although contr…
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Here are a few ideas: Some insurers write new companies, but not all of them will. You may have trouble obtaining insurance until you have a "loss record" or track history for an insurer to examine. DO NOT CONFUSE tow insurance with repo insurance as they are different for example, if you have a tow…
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If you are NOT an employee, but rather a business-owner -- who needs to provide coverage -- the answer to this depends on what state you are in. Some states, e.g., Ohio, are "exclusive fund" states. If you do not live in an "exclusive fund" state, there will still be a "state fund" in place. You can…
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The applicant for insurance is responsible for providing accurate answers to material questions on the application. Materiality relates to facts based upon which the insurer decides whether to issue the policy, on what terms (such as if there any exclusions or limitations), and at what premium.
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Insurance Definition of Sports CarThey usually go by horsepower, stock and aftermarket modifications (i.e. turbo or superchargers), etc. They will usually know if you have a sports car or not. You can also have a car classified as rare or collectable that might be a sports car. If a car has two door…
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Insurance Coverage. The answer below is incomplete. It is true that you should check with your carrier, but keep in mind, their answer will normally will result in getting more premium. With State Farm and Allstate you as a policyholder will always be covered, unless an excluded driver uses your veh…
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It depends on which state you are in. If you are in a no-fault state, the medical provider will typically bill the no-fault (PIP) insurance provider directly. Even in states without no-fault laws, if your injuries arose from a motor vehicle accident and you have personal injury protection or medical…
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Cheapest Auto Insurance The least expensive insurance is liability, but the cost depends on your credit score, claims history, driving record, where you live, the company you insure with, etc. Keep in mind, price is not everything. The cheapest may be the most expensive if you really need it. The a…
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You get an Auto Insurance Quote from an Insurance Company that offers Auto Insurance. All you have to do is contact any insurance company. They will be happy to give you a quote. There are many different ways you can get quotes, there are different kinds and varying levels of insurance available a…
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No Fault Auto Insurance No Fault Insurance, in true No Fault form, is insurance that covers a stated risk regardless of who was at fault in the event of a covered loss. There is no "True No Fault Auto Insurance" policy however in the United States. In the U.S.A. Many states have implemented a hybri…
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It is based on your location. It's difficult to rate a vehicle being driven by a person in another state. Of course, insurance companies do it all the time for parents of college students, but even if they live in another state during the school year, would still consider their parents' homes as pri…
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Changing Auto Insurance CompaniesYes, Of Course you can. Just call the insurance company of your choice and ask for a quote. It is extremely common for people to shop new rates upon expiration of the old insurance policy. Many people overpay for their insurance simply due to not shopping around at r…
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Borrowed Vehicles for the UK In the UK - the general rule is that the driver's own vehicle insurance will pay for any accidents other than when the driver is driving a car with permission and is named on the car owner's policy. If the driver has no insurance the driver has a personal liability to pa…
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If you were truly injured you probably are covered by your employer. Your car is a different matter though, and workmans compensation certainly won't pay for that. You have every right to obtain an atty. w/ the expectations of a victory. Even if you are having no luck w/ the ins. co.'s your comp…
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More input from FAQ Farmers: Yes they can, technically the National Highway Traffic Safety Administration (NHTSA) requires them to do so as part of the agreement of being a legitimate licensed insurance carrier. Remember, anyone withheld from the policy who drives and causes a claim they will laugh…
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It all has to do with what insurance is. Insurance is the transference of risk. You pay a premium to the insurance company, it turn they agree to indemnify you, or put you back to the financial status you were previously at prior to a claim within the limits you have selected. In simple terms you hi…
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If the child is a lisenced driver living in your household, the insurance company assumes that he will drive the car. It is possible to have an exclusion added to the policy (more likely to be the company's decision after the minor has had 3 or 4 claims) that states the child will not drive it.…
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Should this be any more complicated than to simply keep paying the premiums on the NJ car to the NJ insurance company? I don't think they would really care where you are as long as they are told where the car is garaged and who is the primary operator. My daughter is presently going to college i…
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More input from Wiki s contributors:In all 50 states, vehicle owners are required to carry some form of financial responsibility, generally, this requirement is filled by an automobile insurance policy, although in some states it may be satisfied by a bond or other form of security. When you or a me…
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Liability insurance Talk to any insurance agent, but I would think any business liability insurance would cover you. Actually, the owner's insurance would probably cover any liability to someone you hit with his car, and if he has full coverage, his damage too. However, that company will probably tr…
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Legally? Yes Reason why you name should be listed in insurance policies of your parents it's pretty standard rules for every insurance policies to say if a vehicle is provided for your regular use and you are not listed on the policy then the insurance company can deny coverage of your vehicle …
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Insurance Coverage on a Parents policy? Yes, So long as you are also listed by name as a covered driver on your parents Policy and your parents have an insurable interest in your vehicle. If you are a minor or a dependent still living at home then you might be able to get insurance cheaper through…
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Auto Insurance Required for Learners Permit? Yes, you can. A Drivers or Learners "Permit" is permission to drive and therefore a temporary license with certain restrictions. You can obtain your own auto insurance or you can be covered under someone else's policy such as your parents or the vehicle …
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Exchange Students and Auto Insurance in the USA The same way as any other person. You contact an Insurance Agent or company who will give you a quote and offer a policy. You have to contact an Insurer and ask. There are literally hundreds of Auto Insurers in the United States that will accept a for…
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Sure, you can drive the car. It doesn't matter if you're registered or not. And because you are an insured driver, that makes it even better, even if you're not insured to drive that car.Having the same insurance isn't the issue. The issue is whether or not your state follows a "family doctrine purp…
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Insurance Policy fees Yes, most insurance contracts have a state approved associated policy fee and in the USA several other government mandated fees and taxes imposed by law that the insuring company must collect for your state. State mandated fees include state run vehicle anti theft programs, va…
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Well, dealerships and insurance companies are very strict now, and it would depend on what dealership or insurance agency you're planning on working with. On the insurance, it may be a problem because some agencies just deal with people who have a license in that state. And because you have an inter…
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Legally? "No", that would constitute Material Misrepresentation of the Risk (fraud). The company may not press criminal charges, but they won't pay any claims if they find out. More information about insurance fraud: Insurance fraud doesn't always result in criminal liability, but under some juri…
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Why not call an insurance agent? Or two or three? Most will be more than happy to discuss your situation with you before you actually buy a policy. And there is no need to reveal that you already have an agent if you are just getting a second opinion. Also, your local license branch may be able to …
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Insurance and Learners permits Yes, All 50 U.S. states require that a driver carry the appropriate Financial Responsibility. There is No exception of law in any U.S. state for a learners permit. A Drivers or Learners "Permit" is permission to drive and therefore a temporary license with certain r…
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Title Transfer Just call your states Vehicle titles and registrations office. If the car is paid off and ownership has transferred to another person who has failed to transfer the title, all you have to do is fill out a registration transfer form with that office. After you report the transfer, the…
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Insurance laws are based on vehicle coverage rather than driver coverage. Even if each vehicle has the same make and model, each has a different VIN (Vehicle Identification Number. Although no ne else is listed as drivers, other drivers may legally drive your car with permission (e.g. lend your car …
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The cheapest way to do this is just to have personal use added onto your current business auto policy. It's much more cost effective than buying a separate personal policy when not on company business.
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Uninsured Drivers Yes, If your name is on the title. Get insurance. If the driver or co-owner has an accident you can both be held jointly and separately liable for all damages. Both the vehicle Owners and Drivers can be sued equally and have assets attached by a court order for damages arising out…
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Assigned Risk Pools Assigned Risk auto insurance is usually the Insurer of last Resort for the highest risk drivers who have been declined by at least three Insurance Companies. The Application for insurance is assigned by the state to an admitted carrier in that state. The agent submits the auto a…
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If the dealer doesn't require it, probably not, but you have to decide if you want to take the chance of continuing to make payments on a car that you can't use after an accident.
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Insurance without a Drivers License Yes, You can buy and insure a car without a Drivers License. You just can't drive it off the lot. Most states now require Auto Dealers to verify your drivers license and liability coverage before a customer drives off the lot with a purchase. This is to protect…
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Depends upon the state in which you reside, as well as the company. Check with your state's Department of Insurance.   If you mean, "Will the parents' insurance go up once a teenage driver gets his/her learner's permit and begins driving," the answer is "yes." The parents insurance rates wou…
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PLPD stand for public Liability And Property Damage, it is simply liability insurance with regards to physical injury along with property damage, this specific pays off when you find yourself with car accident and also cover property damage one other parties accrues on account of the actual accident…
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I have a salvage/reconstructed car right now with liability and comprehensive. Since a reconstructed car is worth roughly 40% less than a comparable clean titled car I will be paid 40% less if the car is totaled again plus any credit for any verifiable upgrades (car alarm, new sound system, etc). R…
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The initials PLPD stand for Public Liability and Property Damage and which is basically the same as bodily injury and property damage (BI and PD) liability coverage. The necessary conception of public charge in terms of auto insurance is it would cover you in the occasion that your car causes damage…
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This would depend on the state where the car is to be insured. The best thing to do is to contact the state auto insurance bureau or DMV to see what the restrictions are for a minor to own a car and to have his/her own insurance on it. More information: Only if the parent or guardian signs along wi…
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Insurance laws and costs vary widely from place to place. Your Best source of information for your state would be local Insurance Agent.
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Daycare Insurance When seeking any type of insurance, including insurance for operating a daycare, always start by calling your local agent. They should be able to meet most if not all of your insurance needs. ..
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i would go to the vet and ask them but there is a website pet incurance so go there
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Answer I think I remember Qualified Health (another discount card) having one provider in Anchorage, AK. But QH is much more expensive than Ameriplan (AP) (e.g., QH $4 a day for a family, compared with AP $19.95 a month per HOUSEHOLD-which is awesome with the huge variety of 'living' arrangements…
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To find companies in your state that provide dental insurance or dental discount plans, go to the National Association of Dental Plans site (www.nadp.org) which has a directory of companies that offer dental insurance. The directory can be searched by state and you can select "individual" and get th…
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Source for Finding Dental Insurance To find companies in your state that provide dental insurance or dental discount plans, go to the National Association of Dental Plans site (www.nadp.org) which has a directory of companies that offer dental insurance. The directory can be searched by state…
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Health Insurance for the Self-Employed While the health care and health insurance debate is continually changing in our nation, the reality still remains that the individual, the small business and the self employed individual are typically overlooked in the health insurance marketplace. Some state…
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Many large companies these days offer insurance for a "significant other" instead of a spouse. Speak to the insurance company directly for this information. This is possible, but there are some issues to consider: 1) If the employer group is purchasing their health insurance from a carrier, there…
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Primary and Secondary Coverage It may depend on your local regulations but typically which policy is primary is dictated by law and by the terms of your insuring contracts. The default is as follows.  Exact Same coverages on both policies / Duplicate coverage The policy with the earliest effe…
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I would seek legal counsel on this from someone who is familar with medical claims. In the meantime, do you have anything in writing from the hospital showing the agreed upon amounts? It is legal for a hosptial to charge different amounts because doctors and hospitals that are treating pre-authorize…
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If you are covered by your employer and you leave your job or lose your job, your employer must offer you COBRA, which is a continuation of your medical benefits. Normally, you can stay on a COBRA plan for up to 36 months. Once you are no longer employed by your company, the medical benefits contrib…
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The "In-network Doctors" heading herein has some great tips on getting your doctor enrolled. In-network doctors I actually contract with Physicians for an insurance company and quite often I get requests to go recruit a particular doctor. First of all, there are Department of Health requirements wh…
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If you are currently covered under a group health insurance plan through your employer you are eligible to get it through a new employer. However, if you leave your current employer and there is a gap between the time you left and when you start your new one (more than 3 months), the new employer do…
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As far as I know, in most states the significant other would have to legally adopt, or become the legal gardian of the child in question in order for that child to be classified as "dependant" on the significant other. Your significant other cannot approve medical procedures for the child, thus they…
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In general, if the insurance was in force at the time of the pregnancy, the coverage will apply according to its terms. If the employee qualifies for the Family Medical Leave Act (FMLA) benefits, and decides not to return to work, the employee and the employee are generally allowed to agree to terms…
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Answer Yes it is, still pre-existing, even if it wasnt to your knowledge. Answer HIPAA is the law. Best chances for HIPAA to apply are if you go from a group plan to a group plan. Evidentally, individual to group and nothing to group are loop holes, so they can probably get out of it, or mak…
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Speeding Up an Insurance Claim First, document when and to whom you spoke, and what about from the first report of the claim to every subsequent conversation. Next, call the claims office of the adjuster and let them know you want an answer or you will have to call their supervisor. If you hear noth…
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There are two kinds of insurance that cover condominiums. 1. The association buys a master policy to insure all the real estate assets owned in common by all the owners. You pay this premium from your monthly assessments. 2. A unit owner buys an HO-6 policy, that insures what the owner owns, inclu…
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Compare Home Insurance Just contact an Independent agent. They represent many different insurance markets and are familiar with Policies available from a larger number of companies than captured agents who only represent a single insurer. An independent agent can customize a Home Owners Policy for…
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Insured natural Acts? Fortunately, no one is held liable for acts of nature. If a tree fell on your house whether from your yard or some other yard due to a natural occurrence you should be covered under you own homeowners policy for the damage. Likewise if your tree fell onto your neighbors house, …
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There are several customer-generated pet insurance comparison sites that you should consult They can give you a sense of which companies fellow pet parents are happy with, in terms of coverage and customer care. There are about 10-12 pet insurance companies across the country, but they are structur…
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Commercial Liability Insurance It may not be required by law, but it could be a good idea to carry some liability coverage, a minimum of $100,000 in case of an accident, injury or property damage to another party (usually your client) resulting from your operations or completed work. It will most l…
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The answer depends on how much you can anticipate your potential liability to be. For example, if you are cleaning, run a frayed extension cord to the sweeper. If a fire occurs and kills a sleeping child, or if the fire spreads to another house, the damages can be very great. Recognize though, t…
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The "bankruptcy" of an insurance company is referred to as "insolvency". It is roughly defined as the financial inability to pay claims as they accrue. As a condition of becoming authorized (licensed) to transact insurance business in the company's state of domicile, it is required to pay a portion…
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Cash Value of Life Insurance Taxable? There are two ways to access cash in a life policy. Withdrawals and loans. You are not required to pay back loans from a policy, sincy you are loaning yourself your own money. If you withdraw the money any amount over what you have paid in premiums is taxable. …
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Death benefits are usually not subject to federal income tax. There are exceptions, though, such as, if the IRS deems your insurance policy to be an investment in disguise. Your insurance agent or accountant should be able to give you guidance.
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Adjustable whole life insuranceAdjustable whole life insurance allows you to vary your coverage as your insurance needs change. You normally choose the face amount you need and the premium you want to pay, and the company calculates a plan that provides coverage for your request. The result could be…
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In the past there have been some challenges with a number of funeral annuity policies which were under-capitalised,, and subsequently collapsed. It has come as a tragic shock to families, who were at first profoundly touched to find their loved one had made advance provisions for their funeral, only…
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Life insurance trust A life insurance trust is used to remove the assets and death benefit of the life insurance policy out of the insured's estate for estate tax purposes. If the insured were to remain the owner of the policy, the policy procedes would be estate taxable at the time of death. Thi…
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Decreasing term life insurance is a variety of term insurance in which the death benefit decreases on a scheduled basis. One of the features of term insurance is that, at least when compared to permanent insurance (whole-life), it is relatively inexpensive. In the early years of a decreasing term p…
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Mortgage insurance is mortgage insurance, usually sold to the applicant at the closing of the purchase of a house. At the title company. It has nothing to do with life insurance, per se, because upon death of the insured, the LOAN is paid off. The survivor RECEIVED NO CHECK. Life insurance, on the …
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%REPLIES% Answer Variable life insurance differs from whole life insurance and universal life insurance in that policy owners direct the distribution of their premium payments among several different accounts or funds rather than of the company's choosing. Typical account choices are: …
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Variable universal life insurance combines the flexibility of a universal life insurance with the investment account features of a variable life insurance. Like variable life insurance, variable universal is considered a security. It can only be sold by agents who have passed the National Associati…
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Last survivor life insurance, or survivorship life insurance, is a type of joint whole life insurance designed mainly for married couples.Federal estate taxes are not collected on property left to a spouse, but when the surviving spouse dies, estate taxes are due and can be very high. A last survivo…
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Answer Interest-sensitive life insurance is a type of whole life insurance where the cash value can increase beyond the stated guarantee if economic conditions warrant. This is also called current assumption whole life insurance.
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The idea to save on premiums by switching over to various term life insurance companies is totally childish and counter productive. Continuation with a single term insurance service provider is what is advised. With each switch over, there is the question of premium acceleration as age increases, fo…
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Sure it can, provided the court has sufficient proof to esablish doing so would be in everyone, particularly the children's best interest.   This might be possible, but if so it's done very, very rarely. I have never heard of it. A court might pressure the policy owner to change the beneficia…
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Answer As per my knowledge both Reinstatement & Revival are two different terms for the same thing , definition of which is following :-- The process by which an insurer puts back into force a life insurance policy that has been terminated for non-payment of premiums or a life insurance polic…
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Many cancer patients can, indeed, find affordable life insurance coverage. How? The key is finding a knowledgeable broker with experience in placing tough cases. Yes, you can get a "graded life" policy for up to $50,000. You maybe able to get more than one such policy. This means that the company on…
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Typically it is called "Net Cash Surrender Value". This is the amount of cash value in the policy accumulation account minus any outstanding loans etc. But it is typically referred to as "Net surrender Value" or "Net Cash Surrender Value". Get a good agent and he can explain.
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Beneficiaries You need to contact the insurance company to find out. Unfortunately, there is no easy way to find out what insurance company, if any, the person was using. But here are a few hints: If you have access to the person's records, look through the files for a copy of the policy or…
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Safeco insures a full spectrum of motorcycles from street cycles, Harley Davidsons, cruisers and touring bikes to dirt bikes and ATVs. If you select custom parts coverage, you will receive up to $3,000 in coverage without any additional cost to you. Coverage is available for up to $10,000 in custom …
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Answers from contributors: It pays to look around and educate yourself on the variables possible in a pet insurance policy. Some policies are different from others, make sure you are satisfied with what you are paying for. You should think about what you are looking to cover, if you're trying to co…
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Becoming a Pet Insurance Agent I believe that you can find the answer to this question at Petcare. It also appears to me that you have to be a P&C licensed insurance agent. There is also a link to check and see which states offers licensing.You need to get a property and casualty insurance lice…
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Lack of Insurance Companies in MA I live in Massachusetts and it is very frustrating that there are very few insurance companies operating in the state. Blame Massachusetts insurance regulations for this. Massachusetts insurance rates for auto insurance are determined by the Massachusetts Insuran…
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Title Insurance Rates Title insurance rates vary from state to state and market to market. In some states, the fees are set by the AGENT, and are market competitive -- they may be negotiated by the Agent. In other states, the rates and fees are regulated by that state's Department of Insurance …
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Buyer's Title Insurance Buyer's Title Insurance, also known as an Owner's Policy or Fee Policy, protects the new owner of the property from the "history" of the property during the duration of their ownership, whether it be 1 year or 100 years. Since title insurance is underwritten "at the table" b…
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Applications and general information for individual producers and agencies (resident and non-resident) can be found at the GA site: inscomm.state.ga.us
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Insurance rates, upon which premiums are based, depend not only upon the amount of coverage (the "coverage limits") but more, the nature of the risk. Homeowners insurers therefore will consider the presence of a pool in the risk calculation. Further, from the standpoint of physical damage coverage, …
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Car insurance As always, a lot of it depends on your aunt's auto insurance. But unless your aunt has a very restrictive policy, there's a good chance that her insurance will pay for the damages to your mom's van. Insurance typically follows the vehicle. In this case, your aunt totaled your …
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If you are over twenty five and this is the only ticket on your record in the last three years it will make little difference on your auto insurance rates. Insurance companies do not necessarily review your driving record every year. It is checked when you first apply and then it depends on the poli…
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Traffic Tickets in another State The answer is that "It can." It just depends on whether the insurance company checks only your state of residence or not. Most insurance companies will only check your driving record in your state of licensure but they are perfectly capable of checking your driving r…
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From the AAA In the US, according to the AAA, the cost of operation is an average of 56 cents per mile. AAA includes the cost of depreciation of a new car, more than $3,500 per year. The actual cost can be much higher or lower depending on type of car, new or used, and miles driven. The more miles y…
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Gap Insurance Refunds The answer depends on the state where Gap was purchased. In many states the refund is calculated pro rata. This means if a cancel is requested in month 30 of a 60-month loan, 50% of the selling price would be refunded. Perhaps the most popular refund calculation …
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If the tree fell due to weather, the neighbor is not liable so it would have to be filed under your own homeowner's insurance. The neighbor is only liable if you can prove the tree was dead or dying and they did nothing to remove the problem.
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