 How would I claim on my home insurance? |
| I've got a bit of a problem with my shower at the moment - there is wooden panelling around the base of the shower which is getting damp probably due to a leak from the base. I've called a ... |
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 On homeowners insurance .. What is the difference between Replacement cost and Acutal cash Value? what pays mo |
What pays more and what is the least expensive??
please some one explain to me in detail.. Does my home need to be insured with the market value???... |
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 Why do guys have lower insurance that women? |
Additional Details
oops, I meant guys have higher ... |
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 How long is a insurance company required to give before they cancel your insurance? |
| My insurance called me yesterday and informed me that they would be cancelling my insurance because I have rented my house to a group of students. They gave me two weeks to find new insurance before ... |
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 What's term life insurance/is there any that covers you no matter how old you are or must you die by a certain |
age.
If I am not allowed to have whole life insurance due to being on medicaid, can my son purchase a policy on me..are there any he could purchase without me having an exam and a lot of ... |
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 My car was damaged at car wash..Can I have repair check be made out to me or does it have to go to body shop? |
Additional Details
The car wash owners admitted fault and agreed to pay for the damages...My car is paid for....I just wanted to know if I have a right to have the check made out to me ... |
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 I'm renting a room from a friend. we got robbed and the homeowners insurance is saying.? |
| is that true? and if it is. no one told me to get my own insurance. i got cool stuff, and all got taken. can anybody answer this question for me?... |
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 Is this even possible? |
| My mother-in-law asked my husband and I to take out a life insurance policy on her in case of her death. Can you even do that? I was always under the impression that you take these out on YOURSELF ... |
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 What are the rights of a persons whose application for long-term care insurance has been denied? |
| what are the rights of a persons whose application for long-term care insurance has been denied?... |
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 Does your insurance go up if you get a speeding ticket? |
Im 18 but my car and insurance is still under my mom. I dont want her to find out... but will she? Lol.
Is there anthing I can do so she wont find out?!? :))
Additional Details
O... |
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 A insurance company claims I owe them money for a claim on my property, I had no ins.What could happen to me? |
| My chimney fell onto another persons vehicle, I had no homeowners insurance at the time. They are now sending me the bill and threatening legal action. What is the worst case scenario for me? The ... |
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 I want to work from home? can anyone help? |
| i want to work from home doing answering phones or something for some health insurance companies can anyone help? please i don't want anything that i am going to have to pay anything because ... |
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 Life insurance if I may be terminally ill? |
| here's my dilemma - I found out last week that I have a couple of nodules in my left lung. It's too early to determine if there's any serious illness (cancer) to be concerned with. I ... |
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 My doctor is defrauding insurance company? |
| I went to see two different gynecologists in same county but different cities within 1 month for EXACT SAME check-up/test(1st trimester pregnancy). Instead of charging the insurance the same or ... |
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 Can u help me to explain about the life insurance,,,i always think life insurance is not good....? |
| i have a prob. i am married to an american..my prob my husband want me to get a life insurance when i have work in usa..but i insist bec, i am afraid to get.a life insurance bec i always heard in the ... |
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Maggie M | Do you agree with this practice? |
Did you know that some insurance companies base the rate they charge on a clients credit score? The do have their reasons. They have statistics that show people who pay their bills are more responsible and have fewer claims. Do you agree with this practice? |
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§ ☼ JLG ☼ §
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Absolutely! Not only do people with poor credit have more claims (statistically), but they also take more man power to service and manage their policies. They are the ones who are late (more often than those with good credit ratings) - therefore needing additional paperwork, ie the cancellation notice, then the reinstatement letter. They are the ones who need a phone call reminder on top of the written notices. Do I feel bad because, sometimes, there is someone who is going through a TEMPORARY financial struggle, yet will be placed into this category? Yes, BUT, the insurance industry has to go with statistics - if we were able to adjust premiums based on everyone's sob story, 90% of the people out there would lie to get a lower rate - how do you tell who is telling the truth? Additionally, it teaches kids at an early age that their credit is important. |
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wartz
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Insurance premiums should reflect the risk involved. If, for example, homeowners with bad credit ratings have more house fires than homeowners with good credit ratings (and, surprise, they do) it makes good sense to charge them more. |
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Jifr
 |
Hiya:
I am in the insurance industry and I ABSOLUTELY DO NOT agree with this practice.
It does not take into account that sometimes people make mistakes. It does not take into account that sometimes people have to make decisions about whether or not they buy food for an ailing parent or child versus paying a credit card bill on time.
If you are paying........you are paying. Your credit score is going to be affected by paying late but...you're still paying, right? So, why be punished (with higher rates) for paying something late. You are still responsible enough to PAY it rather than just walking away and ignoring it.
I think the states are looking into this practice. I hope it changes. I didn't agree with it when they started it and I don't agree with it now.
~jifr! |
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ditzydevil82
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I have heard this. It's very lame. I wonder if they've ever heard the saying "There are 3 kinds of lies: Lies, damned lies and statistics." |
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Paula Revere
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I don't agree with any practices of the insurance companies. |
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RB
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Yes I do. People with poor credit scores tend to file more claims and these claims are often inflated. These households are usually delinquent in their payments, and require more service work than policy holders with better credit history.
True story: I had a client call me on a Thursday and could only pay half of her car insurance payment. I agreed to take half this week and half the following week. On Sunday, I saw her at a Titans game with a tray full of beers & dogs. She saw me & avoided me by walking the other way.
She didn't pay the following week, her policy cancelled & she had an atfault accident 2 weeks after the cancellation totaling both cars. She called & I had to inform her she had no coverage. |
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mbrcatz
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Do you agree with charging more for 16 year old boys than 35 year old married men? It's the same thing.
It's perfectly true, that if you lump 100 people with low credit scores together, that group will have a combined higher payout, and combined higher number of claims. Insurance commissioners in 49 states agree, the data validates credit scoring as a way to predict claims activity.
So if you don't want insurance companies to discriminate between people more and less likely to have claims, that means you want every person to have the exact same flat rate - so the guy with 5 dui's pays the same as the guy with a clean driving record, right? The guy with the minivan pays the same as the guy with the Lamborghini. That's fair, right?
Don't forget to extend it to life insurance, too, so that the 30 year old guy pays the same rates as the guy who's 90 and has one foot in the grave. Yikes! We'll all have our rates quadrupled, if we're LUCKY!! |
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Fred F
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It is their business.
I moved one mile into a different zip code---
The car insurance jumped $180.00. For the
exact coverage that I had just paid for. |
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Chuck P
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Insurance companies are the biggest scams going, so it doesn't surprise me. Think about the nature of their business and how they can actually have laws passed to make you buy their service with no intention of ever paying you back. We need a better system. |
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Fonz
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Anything they can do to make a dollar. They will do. They should not have access to your credit rating. |
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