 I know this may seem like a silly question, but can you insure just a body part? |
| my husband is an artist, and I was thinking one day what if (God Forbid) my husband injured his arm. That is basically something that could devastate us financially. Could I insure his arm/hand?... |
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 Does ICICI Prudential handles insurance claims genuinely? |
| I heard that ICICI Prudential is not handling the insurance claims genuinely and they are naive and are worst in dealing death claims and funds settlement.... |
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 Which is the best life insurance? |
| I want a million dollars divided evenly for my adopted 10 kids. Being no matter of which way to self destruct or die.... |
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 Is it legal for a car dealership to charge a salesperson for a customer's bounced check? |
| My mother is an assistant for the top-selling sales person at a local car dealership. It is a reputable dealership, and is one of the largest in the area. A customer of theirs had written a $1500 ... |
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 Will my homeowners insurance cover electronic devices? |
| Recently a bad storm hit and we were out of power for a few days and when we finally regained power I noticed my t.v. does not work properly. The colors seem to be all messed up now. Also I had roof ... |
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 Health insurance benefits...deductible?? |
| Ok I need help explaining health insurance to me. My husband and I (and our son) receive insurance through my husbands work. We have a $400/individual deductible and $1000/family deductible (I guess ... |
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 A guy dies accidentally in your car, are you personally liable for death benefits that exceed the insurance? |
| If a person dies accidentally in your car, can you be held personally liable for death benefits that exceed your policies limits?... |
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 I have an old laptop bought in 2003. was working fine uptill now when my son spilled a glass of water on it.? |
I tried to dry it in the sun, took out the battery dried that too. Now, the laptop does work but most keys of the keyboard dont work. I can only make it work by a keyboard connected via USB.
I ... |
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 What is State Farm Universal Life Insurance Option 1? |
| My brother passed away about 2 weeks ago and the other day he received a letter from State Farm telling him that his policy had started (about 20 days before he was killed). I think that it is Life I... |
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 Got my life and health insurance producer's license.Whose a good company? |
| Feel like I got the license in vain.Everyone that I look into wants money from me(UGA,Cornerstone) to join even though I have the license.... |
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 What should insurance companies do to deal with the possible implementation of Obamas healthcare proposal? |
I want to know what is going to change in the market and what companies should anticipate with the new program that will be implemented in 2010.
Additional Details
I need to know what to ... |
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 Dental insurance?? |
| My dad gets dental insurance through work but there is a problem, no dentist in our city take the insurance that he gets from work, there is only one dentist and they are full and won't take any ... |
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 My mother-in-law has money taken from her account from FSA. How can we find out who that is? |
| My mother-in-law died recently. We checked at the bank to see if she was paying on any policies. There were 4. Two of them were contacted by the funeral home. We are waiting on them to send the ... |
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 Question regarding buildings/contents insurance |
| When applying for household insurance (buildings and contents) is it necessary to have my husband as a joint applicant - it makes the form filling easier if I don't but would it have any ... |
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cmezoom56 | Is it beneficial to have all members of household under 1 car insurance policy? |
Currently my husband, 2 sons, & 1 stepdaughter are all on one car insurance policy,under my name. The kids are adults, 24, 24, & 21. My stepdaughter recently was involved in an accident (her fault). Would it be better for my 2 sons to get their own policy? What is the benefit, if any, of keeping everyone on the same auto policy. Our policy expires November 2. Can I expect an increase in all our premiums? |
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Christy
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You should only expect an increase on your daughter's policy since she was the one at fault.
There are several benefits of keeping everyone under the same policy until your children are married. For example, if you have a home policy with your current auto insurer, every auto policy should be receiving an auto/home discount. Your children would not be eligible for that elsewhere unless one of them is a homeowner. Also, if they each got their own policy, they would lose the multi-car discount that they're receiving since all these autos are listed together. Finally, most insurance companies now rate individuals based on their credit history. If credit scores are low, your children could expect to be paying higher premiums.
Hope that helps! |
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Misty L
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Almost every carrier requires atleast all drivers in the household to be listed on the policy because they have "regular access" to the covered vehicles... Atleast they are almost to the age when the premiums will decrease.
What I have been seeing is mainly a steady cost of insurance. We are in, what we call a "soft market" in Texas anyway... When we write policies, we include all drivers in the household on the policies and prefer to do all of the autos. As long as the kids are still in your home, technically you can be considered financially responsible for anything they do. I would recommend them getting their own policy for their vehicles and an apartment! Ha ha! Just teasing on the apartment... The girl is going to be fairly costly due to the "at-fault". Call an independent agent in your area and have them shop for you the different carriers they have available to give you an idea on the cost.
Hopefully they are atleast paying you for their insurance! |
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Paul Ding
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Normally, they pair up the most expensive driver to insure with the most expensive car to insure, then second-most, etc., in order to determine rates.
You probably could expect an increase in your premium when the new policy arrives, even if there had been no accident.
Persons who are living in different households have to have their own policies - which brings up a point. You realize that as long as your adult kids are living with you, you're not likely to have any grandkids, right? Part of being an adult is acting like an adult, and forming adult relations with marriage as the objective....
Ask your insurance agent if it makes sense to have one policy or multiple policies. |
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Beth
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With most insurance companies, they calculate the risk based on the ages and number of drivers living in the household whether or not they are on the same policy. By having everyone in the dwelling on the same policy, you can often qualify for multiple car discounts. Also, one person's good driving record can offset someone else's bad record.
There is a possibility that you could see an increase in premiums due to your stepdaugters accident.
Since your policy is up for renewal, you might want to start shopping around now and see if you can get a better rate. Use the online services as a good start...
www.progressive.com
www.geico.com |
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Mr. Prefect
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Normally kids at age 23 or so are automatically taken off their parents policies.
The benefit of everyone together is cost savings.
The downfall could be if one member has an accident, the other guy may be able to sue not just the person whose fault it is, but others in the family.
Hence, the purpose of an umbrella policy |
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mbrcatz
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There's no one size fits all answer to this. You REALLY need to sit down and talk with your agent about it.
Benefits of having everyone on one policy:
Convenience of paying
You can be sure the kids are insured, AND everyone has the same liability limits
You get that "multi vehicle discount" on all the vehicles
Disadvantages of having everyone on one policy:
One accident hurts the policy owner for three years, even if they aren't the driver
There are additional coverages available to the NAMED INSURED that don't carry over to the listed operators (like, liability for rental cars)
You don't get to pick which driver goes to which car - the insurance company does
If one driver has a DUI, the whole policy gets cancelled, and the named insured will most likely end up on a high risk policy
If there's a loss with the car, the named insured gets the check - not the owner, not the driver. And if the owner is one of the kids, and not the named insured, well, there is an arguement there that the insured has no insurable interest, and the company might wiggle out of paying.
Regarding how the surcharge gets applied, it varies wildly by state - sometimes it will be applied to one car, sometimes to two, sometimes to all of them. |
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