 Borrowing money from Whole Life Policy ? |
| I have a whole life policcy for 25 years, my cash value is built up to $300,000, and my total death benefit is around 1 million. I want to borrow money from the bank, from the total death benefit ... |
|
 Are there any insurance companies that will cover abdominoplasty ? |
Additional Details
It is NOT for cosmetic reasons by the way. It is to close a 3 inch gap in the abdominal rectus muscles withe a severe hernia and was told that major organs are not ... |
|
 Insurance cost for teens? |
| What is the average insurance cost for teens?... |
|
 Can someone tell me the difference between Whole Life and Term Life insurance? Help? |
| I'm not sure if this is the right catagory, but I need some answers before I change insurance companies, so any help here is greatly appreciated.... |
|
 Are their any medical insurance policies available with no deductable and no coinsurance? |
| Regardless of monthly payment, is it even possible for an individual to find such a plan?... |
|
 Anyone else having problems with HUMANA? |
| My mother was dropped from their system due to a computer glitch. After re-enlisting they raised her monthly premium because she had been without coverage. Even though they admitted that it was their ... |
|
 How does med. insurance work? |
| i'd like to get med. insurance but only keep it for a few months (i cant afford to keep it more) and i will get a small 10 min. surgery at the time a polinidal...i think thats what its callled. ... |
|
 What is a "living needs" benefit of a life ins policy & why is it limited to aid the dying and not living? |
| According to my life insurance company, the "Living Needs" benefit will only come into play if one has 6 or less months to live. How does this assist one who is living with a terminal ... |
|
 Medical insurance for in-laws? |
| I have been shopping online for medical insurance for my in-laws. But none of the plans that I saw covers existing conditions like diabetes. They are 60 years of age. Once they start working after 2 ... |
|
 Motorcycle was stolen the day i bought it, will insurance still cover the loss? |
| I had planned to insure it with allstate which is who my car is insured by, do i have a certain amout of days to get it insured, were they cover it?... |
|
 What can I provide for a rental insurance claim for water damage? |
| I do not have receipts and I do not have video but I do have pictures of the items (from various things). Can I use this for my claim? I had pipes freeze and burst and the items were damaged but I ... |
|
 Is this a reasonable amount for an insurance settlement? Added info...long but please read.? |
| In March of this year I was rear-ended by a small sports car. I had just started pulling off from a red light (going about 15mph) The police estimated his speed was around 65mph (in a 45 mph zone) B... |
|
 Getting married and moving... have insurance questions! Help? |
| My Fiance and I are getting married in a few weeks... I have been on my parent's health insurance since I have been a full-time student, but I understand that after I get married I won't be ... |
|
|  |
dinkylinker | In California why mortage lenders require fire insurance but not earthquake insurance? |
I asked a similar question but I am still curious why with the threat of earthquakes so strong in parts of California why mortgage lenders don't require borrowers to get earthquake insurance similar to fire insurance |
 |
 
A A
|
California has lots of brush-fires when it gets hot, especially around San Diego |
|
mamatohaley+1
|
With regards to Funny Girl - she is wrong. No where in the policy does it say they do not cover Acts of God. Your homeowners policy does cover most naturally occurring events.
I don't really have an answer for your question I am just tired of people saying what Funny Girl did because it is so blatantly wrong. |
|
stephenweinstein
|
Response to what Funny Girl wrote:
In California, all insurers of residential property must offer earthquake insurance. However, over 2/3 of residential property insurance in California is from companies that use CEA (California Earthquake Authority) instead of assuming the risk themselves.
Since it is available, somehow, the question remains: why don't mortgage lenders require it? |
|
mbrcatz
 |
OK, there's no such thing in insurance as an "act of God". People make that up. I've NEVER EVER EVER read those words on a policy.
I don't have a REAL answer for you, but I have some guesses. 1. MOST of the value of the average CA home is the LAND value. The insurance policy actually covers the BUILDING, which is usually only about 20% of the value of the property combined. So EARTHQUAKE damage isn't going to cover anything except the house. So coverage isn't going to pay off the whole loan, anyway. 2. I think the IDEA of earthquakes in CA is much wider than the claims that support it. Sure, there are rumbles. But so far, not much in dollar damages. That's probably a combination of construction techniques, and the fact that damages tend to be centralized to a few square miles.
Again, not facts, just guesses. And ignore anyone who says, "Act of God" with regards to insurance; it means they don't know what they are talking about. |
|
Funny Girl
 |
Most insurance companies consider an earthquake an "act of God" and they don't pay out on an "act of God". |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
5 | 22 minutes(s) ago
| | | |
5 | 51 minutes(s) ago
| | | |
5 | 1 hour(s) ago
| | | |
5 | 4 hour(s) ago
| | | |
6 | 9 hour(s) ago
| | | |
6 | 10 hour(s) ago
| | | |
5 | 2 day(s) ago
| | | |
5 | 4 day(s) ago
| | | |
5 | 2 week(s) ago
| | | |
6 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
