 Why is 25 an important age to insurance companies? |
ive been insurance shopping for a Mazda 6. I turn 25 next March and most reps have been telling me that my insurance will drastically degrease when I turn 25. Why is this such an important age?
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 Why does progressive insurance suck so much? |
| i got rear ended in september and still haven't gotten my car fixed. my claim rep doesn't call me back i would call every day for like 4 days and leave messages. one time i called 5 ... |
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 Does renters insurance cover broken windows? |
| My patio door was broken this weekend by a Bocci ball. It came over my fence and right through my patio door. Noone was there to claim responsibility even though I seen it come from the neighbors ... |
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 Are doctors required to tell you about any charges or insurance co-payments before service is rendered? |
Or is it your responsibility to research this before you go in for treatment?
Additional Details
I went to physical therapy for two months (2 times per week) and was never asked for a co-... |
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 Can 1st timer get Homeowners Insurance?? |
| I recently got approved for a 300 thousand dollor loan to buy my first home. After making a few offers followed by a counter offer, I was able to agree on a price that was fair. I just called my I... |
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 How to dispute medical charge I didn't authorize? |
| I had a routine annual exam and pap in January, but when I got the bill, found out that they did an HPV test along with it. I did not authorize this test. As such, my insurance company covered the ... |
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 When should I buy life insurance? |
| I'm 23, one year out of college, living at home with my parents and working full time. I have no dependents. Is this the right time in my life for purchasing life insurance? I don't ... |
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 Is it true that if you put a security system (alarm) in your own business that your insurance (premium)? |
| i mean your payments and yearly cost would go down yes? security systems would be a way of protecting you business yes?... |
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 Insurance question - if a tree falls on your car who will pay for it your car insurance or your household ins |
Additional Details
it was a close call only nothing happened i just wondered . The tree is on our property . It was rotting but so are lots of trees in the forest .... |
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 Since i quit my job to further my education and now have a part time job how do i get insurance? |
| i can live without vision and dental for the time being but i need medical insurance. even though i never been injured to the point i need medical help and the only time i visit my doctor was for ... |
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 1 wk Before house was purchased Hail storm may have caused damage. Can I contact Prev owners Ins to check ? |
| The storm garner media and Insurance Assoc. press. Neighbor brought to our attention today when his ins co sent adjuster to check his roof etc for damage. Accord to his adjust the damage was ... |
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 Which Insurance is more expesive (Fire or Earthquake)? |
| for los angeles area, not near mountain, but past has earthquake.... |
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 I'm 20 yrs old and without health insurance...? |
Hey everyone!
Well, I'm 20 yrs old and I dont have any kind of health insurance. The company I work with offers a very expensive insurance plan and I can't afford it.
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 Why do every insurance agent provide different quote for the same company and coverage.? |
| why do every insurance agent provide different quote for the same company and coverage.... |
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 Life insurance?? |
Hi, which life insurance would give more benifits to the policy holder. A term policy? or a Whole Policy? or which one of the 2 would you recommend and why?
Thanks in advance
Joel-... |
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 Do insurance rates get higher just cause you change the state you live in? |
| I heard from someone that thought there was a law that says your insurance rate can be raised just because you changed your state of residency. Is there any truth to that?... |
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Ryan | House Insurance -- Big problem - need advice!? |
My wife and I own a house and are trying to obtain a new Homeowners insurance policy. You see, we've lived here for 2 yrs and were robbed 2x in the first 13 months...We since installed a GOOD alarm system, put security doors up and haven't had any problems. It's not a bad neighborhood perse, maybe just bad luck, living on a corner and such.
Our Insurance is "non-renewing" our policy and we're trying to find a new one, but it's tough as you can probably guess. It's REALLY PISSING me off, as this is not our fault, we make sufficient income, have EXCELLENT credit (I know this means little to insurance), but are currently working with the company that handles our car insurance. They tried one place and were told no and are currently looking into another.
What happens if we aren't able to find anything, at least right away? I believe that our mortgage company says that we need insurance (states on contract). We only have about a week to find something, otherwise...
Advice?
Additional Details
I know some of you would say to move, but that's out of the question. House prices are down right now, so we're going to ride it out. What we need to know, is what we should do RIGHT now, or what our options are. I seriously don't know why the mortgage company needs to get involved, as it has nothing to do with that... We're responsible, college graduate young couple with their first house. What a lousy experience this has been. |
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§ ☼ JLG ☼ §
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Credit actually means ALOT to insurance companies. Also, the mortgage is getting involved because if the house burns down, the insurance pays off their loan - no insurance, defaulted loan. It has everything to do with them.
Now, you have very few options right now. Moving would do nothing by the way because the loss reports are run on the person, not the property, so these losses will follow you for 3-5 years. You need to continue shopping. Contact an independent agent who has numerous companies and see who will take you on. Your other option is that you can get insurance through the mortgage company, but it is very expensive and normally covers fire only with no personal property coverage. The other option (in PA at least) is the state insurance program. This is also very pricey, but may offer broader coverage than the mortgage policy.
Unfortunately, you are very high risk right now - get whatever you can and ride it out until it has been 3-5 years after the claims (depends on your state).
Good Luck. |
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mbrcatz
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Well, moving isn't going to help you at all, as the claims will follow you.
I'd start with the carrier that's nonrenewing you - ask the agent if they'd consider keeping you on, if you took a $5,000 or $10,000 theft deductible, or, a flat out theft exclusion on your policy. That's going to be most economical.
Then make the same offer to whichever agent is shopping you out.
Have you tried a Travelers agent? If you're willing to take on a theft deductible higher than the most expensive theft claim you've had, they're very likely to take you on.
There's always Foremost Insurance - likely, they'd not offer you any theft coverage at all. They're a high risk company (owned by Zurich, though, who also owns Farmers, so they're SOLID) and great for "hard to place" accounts. If you can't find a local agent who can get you Foremost, you can find an agent through their website, at www.foremost.com.
Oh, I'm assuming you're not in Florida. |
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Phil
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Don't let the coverage lapse. Your mortgage company will place coverage to protect them, bill you, and not worry about the cost or coverage for your stuff. You need to get coverage.
As already stated, credit is important to insurance companies. It is a major rating tool.
You are just going to have to shop around to find something. Several people have posted company suggestions, but who you end up with depends a lot on where you live. You need to emphasis the addition of alarm system and security doors. |
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TallPaul
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I don't know about the US, but in the UK most mortgage companies have close ties with their preferred insurance companies - ones that pay them commission, basically. Speak to your mortgage company and see what they suggest. It *may* mean you paying more than you should for a year, but if it fixes the problem... |
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Jason
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Try one of the larger companies not a broker. Such as Farmers. They usually have a system in place so they can write you a policy even though you have had some claims. |
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beachbum
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call your insurance commissioner, that's what we did last year , they will tell you what company to call. |
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adamfullman
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Most mortgage companies will purchase insurance for you and pass the cost onto you. The coverage will only look after the secured interest in the property and will not include any of the benefits you would normally expect. It will not include coverage for your personal property in your home or additional living expenses in case of a loss. For this you will pay higher than normal premiums. Adam Fullman |
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ernesto_tig
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It would be helpful to know what state your in. Also, how clean is your driving record? Some company may take a chance on a package deal if you take a high deductible on your policy.
Foremost will write a standard market policy, but their claims handling is weak and policy is full of holes.
If you live in Ohio, email me and I'll give you a referral. |
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parental unit
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call your mortgage comapany, they may be able to refer you to a "high risk" insurer. Homeowners insurance is notorious for dropping people after only one claim. It needs to be fixed legally,if you ask me! |
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generous
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