 Is it right that an insurance company raises its premiums to ALL employees??? |
Is it right that an insurance company raises its premiums to ALL employees to pay for an increase in treating cancer for several employees?
Why don't the employees with cancer pay a ... |
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 Why do some life insurance companies require a medical exam, and others do not, for the same coverage? |
Okay, my wife and I are looking at life insurance policies. We have decided on getting $100K for me and $25K for her. (We are both in our thirties, and work full-time.)
The two life ... |
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My personal deductable is $250 and for my family it's $500.
It's through my employer.... |
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| I have blue cross blue shield from Ford Motor Company where I work..I went out of the country and had to be hospitalized I ad to pay about 5,600 dollars and theyre suppose to pay me that money back..... |
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| How much do you pay monthly for car insurance? I need to buy a car soon. How much should I budget monthly for car insurance?... |
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| Many people say that you should not own your policy & that it should be in a trust so that it is not part of your estate. But, when you die, it is not in your estate, it goes to the bene right?<... |
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 Medical Insurance? |
| I'm planning to buy health insurance for my family( no serious health issues) , any suggestions which company can give me best deal?... |
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 United Health Care Insurance question? |
| I have had united health care my whole life. My mother and I have it because she is disabled, so we dont pay anything. I heard that i will be covered by it until I am 19. What I am wondering is when I... |
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| I have recently bought health insurance. I haven't abeen to a dr in 16 years since my son was born. My husband and I could never afford health insurance. I am scared to go to the dr because ... |
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| How could I apply for workman's comp,how much money would I expect to receive money,how long does it last?... |
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 Doctor cancelling insurance for unpaid co-pay? |
| I went to my doctors today and I seen a sign posted that stated under a new federal law that if you did not pay your co-pay the doctor could have your insurance cancelled. This sounds like a bunch of ... |
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Stacey S | House insurance claim question ? |
I have a small one bedroom rental property that a tree fell on recently. My question is what does depreciation value mean? It was a old frame house. There is major roof damage, all of the ceiling tiles fell off from every ceiling which gave way to water damage on the floors, the house shifted and I could not not get into any room in the house we had to kick doors open I cant open the closet doors to even get my renters stuff out.The adjuster said he would give me an itemised statement and if he hit my insurance limit he would have to stop. The house is unlivable even the siding is going to have to be replaced. I just fear that b/c of depreciation I wont get the money needed to fix it. Say if I do get the full amount insured which is only $45,000 do I have to fix it? Do I have to provide my renter with another place to stay and do I owe her anything for her contents in the house? |
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MSAD
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The renters property is not covered by your policy. The renter would have to have a "renters policy" of their own.
Depreciation means that the adjuster will write an estimate to repair the home and will subtract for depreciation. That is the amount they will pay. It will not be enough to fix the house. You will have to pay your deductible and the deprecation (along with the insurance money) to fix it.
If the policy limit is 45K - and the estimate to repair - depreciation is over 45K - the most the insurance company can pay is the 45K.
Is the house financed? If so - the finance company will be on the check. Even if you don't fix the house - you are still responsible for the mortgage.
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Mike O
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It sounds like the adjuster is going to hit the hi-water mark of 45k. You do not have to spend that money on the house, you can put the property up for sale as is. I believe that the renter's property will be included in the settlement, as would your property if you had been living there. That means that yes, you would have to pay the renter for her losses, it is included in the 45k you will receive. Hopefully, her losses will be included in the itemized statement.
I am not a lawyer, but it is free to consult with one. I would. |
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Mellie K
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Stacey S, Home insurance covers lots of different things. I don't understand all the fine print of my policy, but my home insurance agent is always a phone call away. Try contacting your agent or a homeowners agent in your area. http://www.usinsuranceadvisor.com/Home-Insurance.html They should be able to help you. |
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dutch0906
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There is a great site out there about homeowners insurance. They have a learn the basics section which explains homeowners insurance. You may be able to find an agent in your area who can help you as the site also has a national directory of agents. http://www.insuremyhouse.com/ |
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mbrcatz
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It means cost to replace/rebuild, less depreciation for age.
If you have "replacement" coverage on your policy, it isn't a big deal. If you don't, and it sounds like you don't, with $45K of coverage, you could end up with quite a bit less than $45K.
Even if the house "totals out", he's going to have to hold back demolition and debris removal - probably around $10K.
You aren't responsible for your renter's stuff, and you aren't responsible for putting them up. But you will probably owe them back the rent they paid, for the time the place is unlivable.
YOUR AGENT should be walking you through all this. |
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