 What are the basic categories of insurance policies ? which pvt sector insurance policy is better than LIC ? |
| I'm planning to have a insuracne policy but seeing various pvt / gvt companies & diff kind of policies available, I'm just confused. I agree all these policis are basis on our ... |
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 Can my insurance policy be terminated if I have had it for 28 years an always make payments , just because I? |
| Can my life insurance be terminated by the carrier just because I now have a terminal illness? I have had this insurance for over 28 years and have always made my payments on time. The insurance ... |
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 Do think you the auto industry should have bailout money? |
Am thinking it would be a good chance for Obama's government to loan them money & make it a requirement to produce vehicles with alternative fuels.
... |
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 An insurer sent me a check for my homeowners claim. Should I cash it? |
| I had some frozen pipes that broke above my garage and elsewhere and did some damage. I'm having contractors fix things right now, so some of the repair costs are known, but some are not yet. I... |
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 When hiring contractors to do work at home, do you ask for a Cerfificate of Insurance first? |
Additional Details
Proof that they have all kinds of insurance in case they do damage to your property or have a personal accident. They would get it from their ins. co. - not your ... |
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 How to make insurance cheeper? |
what are the things i can do to make
my car insurance cheaper?
i have good grades
my car is 97
color ... |
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 Surely not? |
| My new son-in-law is a loss adjuster. He tells me that it is his job to take all insurance claims and adjust them to favour his insurance company.... |
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 How do I Opt-out of my employers Health Insurance plan? |
| I can be covered by my spouse's health insurance plan and it is much cheaper than what I have with my employer. Do I need some kind of legal letter or can I simply write a short letter of my own?... |
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 Can my health insurance ask for reimbursement from car insurance? |
| Had a car accident and was in the hospital for close to a week. Health insurance covered everything except copays and deductible. The car insurance is waiting to see if my health insurance is going ... |
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 Family Insurance? |
| where's a good place to get health, auto and life insurance for my whole family that is cheap?... |
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 Maternity Insurance?? |
| I am pregnant, and was just turned down for medicaid, because we supposively make to much money..I'm a full-time student and my husband is self employed. Is there such a thing as maternity ... |
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 A deer ran into mom's car, what does she need to do next? |
| My mom was coming home from work & a deer ran into her truck. She got an estimate from her insurance comp yesterday for $555. They wrote out a check to her & the finance company where her ... |
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 Can you get insurance while being treated in the hospital?? |
| My fiance is in the hospital, and has no health insurance... is there a place when i can apply for insurance and have them pay for whatever he needs in the hospital now? he has been there since 6am...... |
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 I believe my grandpa was tricked into buying an Accident Life Insurance Policy. Is there anything we can do? |
| My grandpa died from cancer. He believed he was leaving our family with enough money from the life insurance policy to be able to pay off our home. We were suprised to find out he has Accidental L... |
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 Home insurance? |
My partner and I have buidlings and contents insurance, my question is...is this classed as home insurance or with this just being buildings and contents do i need separate home insurance.
I ... |
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 Should I enroll in a health Ins. Plan this year? It is that time again, and I don't know should I? |
| Last year we enrolled in Aetna hmo, a dental plan and vision. We pay 600.00 monthly, deducted from my husband's pay check bi-weekly. If we choose to not enroll can we get charity care? 600.00 ... |
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zaxc0Z | Insurance premeium negotiation? |
Can insurance premium negotatiated (car or homeowner's policy) with companies like State Farm, All State, Liberty Mutual and etc? What strategies have you used?
Do these companies keep increasing premium even in the abscence of you causing car accidents or Acts of God during the ploicy period? I am finding mine do. Is this normal to be paying hiher premium year after year even if you have no accident? |
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mkulda
 |
Companies will not negotiate rates with you.
However, I have heard of companies who match competitor's rate offers for business they already have. Since state insurance regulators have to approve each company's rates, I'm not sure how insurers get away with that but they do.
In terms of why your rates keep going up.....it is totally dependent on the claims experience of your company. If your company faces higher and higher claims costs.....you will pay more in higher premiums, even if you've had no accidents. |
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nurse ratchet
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Rates are filed with each state, and cannot be negotiated. However, an underwriter has the authority on accounts to debit or credit the risk from base filed rates based on the specifics. For example, a new building that is fire resistant and has sprinklers may get the best discount that can be applied, but a building that is 30 years old and needs new wiring and has roof problems (if accepted) will most likely be debited the full amount. In OK, liability has a 25% debit/credit amount, and property can have a 40% debit or credit amount applied off of the filed base rates. |
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bayfourshack
 |
each state regulates the premiums which are filed for by the carriers, so you cannot negotiate. you can only shop around. your premiums can rise based on claims of a group to which you belong, such as male under 30; your garaging address, your vehicle, etc. this is in addition to your personal driving record, good or bad. |
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Loollea
|
you can't negotiate price but you can for discounts
all the insurance companies premiums are affected
by their claims/loss records for your area, even if you
have a good record the area in which you live could
make your rates higher, also population levels affect
rates and we are all paying for the losses due to the
hurricane, flooding and 9/11 |
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?
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You can negotiate with them. You can find out that you have a good drving record and your premium is still going up. This is due to your insurance company using your credit score to determine your insurance rates. Yes, they can do that. |
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mbrcatz
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Not for car and house insurance, but they CAN for large commercial policies, if they're "good" aka desirable risks.
Large meaning, premiums over $25,000 a year. Desirable meaning, easy to write - no claims, no high risk. High risk are usually public vehicles, dump trucks, snow plows, apartment/rental properties, hotels/motels, restaurants. Or anything with a loss ratio over the past five years, of over 25%.
For auto and homeowners policies, most of the time the rates are filed with your state. EVERYONE in a particular group gets the rates that are filed for that group. Group means, males 30-45, vehicle symbol 10-12, city of Boston, etc. When the group as a whole puts in more losses than expected, or when a company's costs of operating go up, the entire group gets a rate increase.
Example: After September 11th, reinsurance companies raised their rates, sometimes as much as 75%. The insurance companies who use reinsurance companies pass those costs along to the insureds directly.
So yes, generally even though you don't have an at-fault accident, or even any claim at all, you will see rates go up. This is because usually repair costs don't go down, for accidents - body shops don't lower their rates. Hospitals don't lower their rates, for medical bills. Insurance companies can't keep employees by cutting their pay, etc. I bet even you bring home more $$ now, than you did 5 years ago! Everything goes up. Sorry! |
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Tunka
 |
Insurance premiums are non- negotiable and the premiums are based on a lot of factors including, age, sex, driving history,occupation and even credit.Losses in your area also dictate rate changes because insurance is rated for many not just for one it is called the law of large numbers.So if your neighbor one block away falls into a different territory than you he may a much higher or lower insurance rate than you do.some insurers rate customers in tiers so the only thing you may be able to try is to check with the company if they have a special tier or company they can place you with which usually has lower rates. Ie Allstate has Allstate Indemnity and Allstate, the Indemnity Company has higher premiums and with Allstate unless you leave them for a six month period they will never move you from Indemnity if you start there or have been demoted there.If you have been with your insurer a long time sometimes it does not pay to leave even if you have had some increases most other companies are not able to compete with tenured customers rates unless that customer has had accidents.As far as it being normal to pay a higher premium I don't believe so, you may want to talk to your agent or simply shop around you may find better rates with direct insurers like GEICO, Progressive or AIG. |
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