 Insurance? |
| About how much more expensive is a life insurance policy for a smoker in realtion to a nonsmoker.( I need a figure)... |
|
 What is the normal etiquette for paying for collision coverage without insurance? |
| If you can call it that. I was rear ended today and already got an estimate...it will take 2 to 3 days to fix the car. No insurance involved. Obviously the other individual will pay for the cost ... |
|
 I'm filing a homeowner's insurance claim for stuff that was stolen from my car...? |
| They ask me to include my charge account number and type...I'm not entirely comfortable doing this. I know they're a legitimate company and everything, but can they just go into my credit ... |
|
 Does the US have a hospital problem? |
| I heard the waiting rooms in all US hospitals are full of dangerous people and you have to wait hours for ... |
|
 Life insurance questions? please help? |
| my dad had life insurance through his work and paperwork was filed before he passed but not completed because he was expected to live a lot longer than he did. His will went unfinished and he did not ... |
|
 Someone owes me money, can I have a life insurance policy on that person without that person"s permission? |
| My ex boyfriend owes me a large sum of money , if anything happened to him then I would not get the money owed to me.... |
|
 When You Ask for Medical at the Welfare office? |
| When you collect Medical For 6 years Do they collect money from Childs father.For all those you where on medical?& make them provie you with Health care?... |
|
 Is there a life insurance policy that allows for payment before death? |
| I heard this one a financial channel but I can't find any information on it. Any insurance experts out there? Can you guide me to a website?... |
|
 What auto insurance company has cheap rates for adding a 16 year old first-time driver to an insurance plan? |
| We live in Florida, and my son has just turned 16, He wants to get his licenses but we don't want our insurance to go up too much. From what I hear it is very expensive, yet i hear other people ... |
|
 Do bad debts get deducted from life insurance premium's? |
| My parents want me to take out life insurance policies on them so I won't be burdened by funeral expenses and such. They both have a lot of debt and I was just wondering if this debt would be ... |
|
 What factors are considered for auto insurance? |
| I am trying to get an auto insurance. But when i went to an agent to get a quote, he told me that since i wasn't on somebody's policy for 3 years, my premium is going to be much more higher.... |
|
 What are my options for health insurance if I resign from my job due to not being paid for the last 4 months.? |
| I work for a small company and currently have health coverage through a plan with them. They have not paid their employees for approximately the last 4 months. If I resign because they are not ... |
|
 My bf's HOA continuously tows people for no reason.? |
| My bf and I have been dating for over 2 years. Within the past couple months visitors and members of his family have been getting towed continuously for no reason. The first time we picked up the ... |
|
 Life Insurance Question? |
| i had life insurance through my employer for over one year i got fired but before i got fired i made double my salary before i left when you have life insurance and it completely paid do you get what ... |
|
|  |
Dan | If I am successfully sued are there any award limits or can they take everything I own and more? |
I have a car, my primary residence, three condo rental units, savings account, and my IRA. |
 |
 
Sue
|
It depends on the State what the limits are, but if the award exceeds your policy limits, then they will start by taking your rental condos. Then your savings account (they will probably leave you with a bit, as to not make you destitute). They probably won't take your car since you need it but if you have a BMW or Mercedes, expect to liquidate it & get a more modest car. They will probably look at the equity in your primary home & put a lien on it. So, in order to refinance you would have to pay them first. Now if this still isn't enough, they can attach your wages until the judgement is paid off. So, best thing, like mbrkatz said, move your rentals into an LLC & buy an umbrella. But, this won't help if the loss already happened. Also, you may want to consider setting up a Trust for your residence & car & maybe cash too. This is good for inheritence & moving assets before you may need to go to a nursing home (5 yr lookback now). |
|
Richard of Fort Bend
|
Award limits exist in some states, but they are all pretty high (in the millions).
As for what is protected from creditors, some states exempt a 'reasonable' home (not your $50 million Xanadu property, of course) and a car. Some states protect your IRA, 401k and annuities. In states that are not community property, things that are jointly held with another person may be partly protected (they can't take THEIR share, but they can take yours).
The savings and checking accounts are would be the first things to go. A court order would arrive at the bank and freeze your accounts so you could not even write a check (the IRS does this to people they don't like.)
Anyone who drives a car with the state's minimum liability amounts is putting his entire life savings on the line every time he/she pulls out of the driveway. Personal injury lawsuits start at $1 million these days....maybe even more if the plaintiff is actually injured. The person who wants to someday have a net worth of more than $100k should get an umbrella insurance policy. |
|
nkc72
 |
Depends on what state you live in. Generally there are exclusions for cars and primary residence.
Depending on what the Plaintiff is suing you for, your homeowners insurance might provide coverage. |
|
mbrcatz
|
Depends on the type of suit. Punatitve damages are limited in some states to 3-5X actual damages. There's no limit on actual damages - so actual medical costs and lost wages - heaven forbid you cripple someone for life, assume nursing home costs at $4,000 a month for 50 years.
That's why it's not a bad idea to have a personal umbrella liability policy. And to seperate rental properties under an LLC or corporation owner, to keep your personal assets seperated. |
|
hesalive
|
yes there are limits |
|
Exoilfeildtrash
|
Wow shoulda put some in someone elses name and declared chapter 7-11-or13. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 18 minutes(s) ago
| | | |
6 | 32 minutes(s) ago
| | | |
6 | 39 minutes(s) ago
| | | |
7 | 40 minutes(s) ago
| | | |
6 | 1 hour(s) ago
| | | |
6 | 3 hour(s) ago
| | | |
6 | 6 hour(s) ago
| | | |
6 | 8 hour(s) ago
| | | |
7 | 10 hour(s) ago
| | | |
6 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
