 Whole life or term policy?? |
Mom is 78 still healthy. I was quoted by a friend of my sister that she should take out a whole life policy on my mom for $50,000, at $275/mo
I found a 10 year Term policy with the same ... |
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 HELP! I sugned up for health insurance through another website.I received an email notification that my credit |
| card payment was processed and then a few weeks later then sent me an email stating that my payment was declined. By this time I had already used my insurance and they paid the claims. I do not have ... |
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 Help with car insurance!? |
| I set up my car insurance for Direct Debit payments but they tried to take the payments on the wrong day, so cancelled my policy, can I renew with another company and still use my no claims total of ... |
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 Question about Cobra Insurance? |
| My husband recently lost his job because is was working a part-time job on the weekend (We didn't know he wasn't aloud to do this). We have been paying $200 a month for health insurance (2 ... |
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 Homeowners insurance question re: insured value of house...? |
Homeowner's insurance is definitely not my area of expertise. :)
I think that my house may be over-insured, but I want some opinions to be sure.
We currently have ... |
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 I'm looking into health insurance, but don't understand a thing? ? |
| Hi, me and hubby have been married for a few years now, and we're both healthy people. All I do is visit my Gyno once a year for my annual checkup, and pay $50 bucks a month for my birth ... |
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 Why do you have to pay 15k to give birth if you dont have insurance? |
I just cant digest this amount, I dont understand why they are rubbing people's money, this had not happened to me but one of my friends.
The whole expenses to give birth cant be more than 1... |
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 Affordable, good health insurance in Georgia? |
I buy my own health insurance. Currently I am being ripped off by Blue Cross Blue Shield! They suck and they are very expensive. Anyone know a better health insurance that is not too expensive?
<... |
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 Whats the point of a million dollar insurance policy? |
I don't get why people get it. It just causes more prblms. They say, "honey I got a million dollar insurance policy" and then the spouse can't wait so they end up dead.
A... |
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 Can u finance insurance premiums through loans? |
| If you finance life insurance and other insurance policies premiums through borrowed funds, how much of interest paid on these loans are tax deductible.... |
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 Will I lose my cash accumulation value if I cancel my whole life insurance? |
| I am realizing now (6 years after opening) that my whole life insurance policy is a bad investment. I notice on the policy there is a cash accumulation value and a cash surrender value. They are ... |
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 Employer has not paid my life insurance...what to do (california)? |
| I had signed up for life and accidental death insurance through my employer on july of 2008, on jan. 12th I decided to call the life insurance(allstate) to ask how much I am paying monthly all ... |
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 Question about life insurance policy's... ? |
| If I took out a life insurance policy and died of a result of suicide would the beneficiaries be able to collect the death benefit. I know some policy's have a suicide provision and that ... |
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 What is the best life insurance company to contract with to sell? |
| In southern california, looking to sell life insurance, what company offers the best support, best commissions, and best customer service??... |
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 Is there any organizations that help pay for funeral cost.? |
| my mother past and had no life insurance so we are in a time of need and we need help from different organitions and if there is any advise that you can give would be greatly appreciated?... |
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Tanya W | Can a Insurance Company make you put a new roof on, even if there is still life on the existing roof? |
Our insurance company already insured us, then there inspector came out and said we had to put a new roof on, there was no problems no leaks or anything. Now all of a sudden we have to fork out $2,000 that we don't have to keep our insurance. |
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mbrcatz
 |
No, but if you don't, they don't HAVE to keep giving you insurance for the house.
What's your definition of "life left in it"? Sounds like, "no leaks". Well, the insurance company wants you to MAINTAIN the house, so the claim doesn't happen! You want to wait until AFTER the claim to fix it??
Even without leaks, if the shingles are curling, or some are missing, that's a sign that you need a new roof. Don't believe the inspector? Get a home inspector out there for just a roof inspection, or get a couple roofers out there to give you their opinions. |
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acermill
 |
The insurer is making sure that you maintain the property correctly. If you need a new roof and do not install one, who will be called for coverage of the resulting water damage when the roof starts to leak ?
Your options are to replace the roof as required, or shop around for different insurance coverage from a firm which might not have the same requirements. |
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Barbie
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I know they can on a new home purchase. You might be better off to call the agent that gave you the insurance and talk to them. There may be some clause in your policy that says you must. |
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ernesto_tig
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Back in my insurance days, I inspected many roofs; usually an Asphalt roof has a life expectancy of 10 - 25 years depending on the color, location, type of shingles.. yada yada. Anyway, when a new policy is issued, the insurer wants to make sure the roof isn't on it's last legs, that way it won't get blown off when the first wind storm comes along. In most states, there is a 60 - 90 day underwriting window where a property underwriter can evaluate a new risk and decide to keep the risk or cancel the policy. If you're outside this window, they've missed their chance to flat cancel, they'll need to non-renew based on the state insurance laws (24 months in Ohio on a new policy).
Remember, insurance is for unforeseen events not maintenance; when a roof needs replacing, weather damage is a predictable event. |
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MaddyRO
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The insurance company can't make you do anything, but the home appraiser's report is looked at as very important. If he or she found that your home is a higher risk because of an older roof, the carrier may select to "non-renew" your policy at the expiration date, if you have not addressed the roof. They will give you notice well in advance of their intention to non-renew or drop your policy.
Good luck |
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Zandelia
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Huh?? If they want you to have a new roof they have to pay for it.....that's what insurance is for. |
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