 Should I get involved in the insurance industry? |
Additional Details
If I had an opportunity to be in the insurance industry shoudl I do it? Here is the what I need to know before making the jump:
1) do you have to be incredibly ... |
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 What does a loss adjuster do? |
| What does a loss adjuster do and how do they differ from a loss assessor?... |
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 How do homeowner's insurance companies know if people lie on claims? |
| If a person filed a claim for theft, burglary, or anything of the sort, how do the insurance companies know if they're lying or not? Even if people provide receipts or pictures, do they go ... |
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 How much contents insurance do I need? |
| I am 23 moving into a small condo alone. It is 1 bedroom, 1 bath, small dining room, kitchen, and family room. Brand new everything (floors, carpet, washer, dryer, all kitchen appliances). Normal ... |
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 I'm a Mainer and I need car, home, renters', and health insurance.? |
| Where can I go to get all of them; 1) affordable, 2) convenient, and 3) all at the same place?... |
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 Can someone 80 years old obtain life insurance coverage? |
| My mother just turned 80 years old. She has slowed down alot these past years, but overall is very healthy for her age. She came to live with me a few years ago. I recently just found out she cashed ... |
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 Help me on a workmans comp? |
| I am needing help? We live in Alabama an we own a small painting business an we have been told that in 2007 it is mandtory to have workmans comp even if we have 1 employee beside my husband. This is ... |
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 Health insurance: individual plan and law school plan? |
Hi,
Is it logical to keep my current individual health insurance while taking on the health insurance provided by my law school? I explain the circumstances below.
I was ... |
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 Will my insurance cover medical bills from a month before? |
| Okay, so I recently changed my medical insurance to the correct one a month before I was hospitalized then I got a bill a month later, and a couple weeks later I got my medical insurance card. Will ... |
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 An average how much is car insurence for teenagers? |
| i have been talking to my parents and they told me its time for me to pay for my own insurance,so i was like ok,but what is the average amount for car insurance?... |
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 How can I find affordable healthcare coverage for my employees.? |
| I have a small business, 5 employees and my rates are outragous!!! Please let me know how I can provide this benefit for my employees without spending so much. Thank you for any input.... |
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 What can I and can't i claim on my renters insurance? |
| I was called today by my upstairs neighbor, who said that one of their pipes had broken and it flooded my kitchen. Our landlord fixed the problem and encouraged me to call my agent and file a ... |
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Angelwings | Is an advanced payment from insurance company a "use it or lose it" type of money? |
Our home was damaged by fire and the insurance gave us a substantial advance payment. I'm wondering if we should be a little more liberal in spending it, or will it simply lower the amount we get for the contents of our home? Our housing is already covered separatly by the insurance company, so these funds are pretty much for clothing, etc since we can't access our house. I guess I'm wondering if the advance they gave us is just going against the "loss of use" provision in the policy or against the personal contents provision? Any help would be great. |
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Insurance Geek-ette
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Most likely, that advance was a combination of loss of use, and contents. Your adjuster should have given you a piece of paper explaining exactly where it was coming from.
You can use that money to start replacing clothing and other items. Keep all your receipts, and keep tags/boxes for anything you buy. |
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FRANK S
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Maybe You should try to google it first ,nonetheless, if you prefer some direct resource ,here http://www.InsuranceFreeTip.info/insurance-for-free.htm might be helpful.
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Michael R
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If they are calling it an advance, you are right to be skeptical. It will probably be reduced on the back end. Insurance companies will often advance an insured money if they know that they will have to make a large payout in the end (ie: if they know that your claim is worth at least $100k, they have no problem paying you $30k up front, but then this amount is reduced from the final payout) But, if you need it, you need it, and there is nothing wrong with taking it. Just treat it like your own money and do not spend it wildly. |
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Nate W
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Call your adjuster or claim representative and ask. You're absolutely right each of those are different coverages on your policy and you should make sure you know what coverage each check is coming from.
Many companies will now pay loss of use directly, you never see the bill for the hotel or rental property it goes straight to the insurance company. Then you fax or mail your food and gas bills and they will reimburse you for those as well. I have a feeling your big check was for personal property but double check with your claims adjuster or claims rep. as each company handles things differently. |
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yesitsone
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If you had a homeowner's policy and now are having to live somewhere else other than the home - he may have given you an addiitonal living expense which is on most homeowner's policy. I have a feeling that this is what the payment is for. Your best option is to call the adjuster or insurance company and ask. |
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