 Is selling life insurance a lucrative job? |
| I am tired of all the jobs I've ever had!!!! I don't have a career and have been asked if I'd like to sell life insurance. It's for a good, and well known company and it isn'... |
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 Is a mechanical failure covered by an auto insurance policy? |
| is the cost of repairs for a mechanical failure covered by an auto insurance policy? Example: engine or transmission? I have full coverage on my ... |
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 Settlement check made out to me and health insurance.? |
| Was in hospital for week from car accident and out of work longer. Person responsible had minimum coverages and doesnt even cover all of hospital stay or deductible. I work on commission and being ... |
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 Buying life insurance? |
| Im getting a blood test in a week, but like an idiot I've been smoking weed. Do insurance companies check your blood for drug use, or only on your health. IF they do what can i do to come out ... |
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 When u total a vehicle, does the insurance pay u what u owe on ur auto loan or just the vehicles value....>? |
| i have and auto loan on a car and just totaled it in an accident. i have full coverage so does the insurance company pay the loan off or just what the car is worth?... |
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 I'm getting fired on friday, if I call in sick, do I get to keep my insurance another month? |
| I am in a salary position in pennsylvania, my employer plans on firing me on friday, to cut down on costs. If I call in sick, will I get to keep my insurance next month if they can't notify me ... |
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 Insurance quote? |
im 16 and im going to buy an rs50
it will be kept outside my house, i live in sandwell west midlands and im a student
any idea of what insurance would be for 12 months?... |
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 My insurance agent is an idiot? |
| I live in North Florida and last Friday I received a call from my home insurance agent saying the inurance agency sent him a "third and FINAL" notice that the branches hanging over my roof ... |
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 Increase the coverage for my wife's life insurance policy? |
| We get our life insurance at a group policy rate, so it's relatively inexpensive. Problem is, she doesn't see the need for her coverage to be equal to mine (mine equates to 4-5x my salary ... |
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 Is it legal for our group insurance company to mandate life insurance? |
| Our group health insurance provider is now saying we have to buy life insurance through one of its wholly owned subsidiaries. Is this legal in the State of Ohio?... |
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 Another word for owner/co-owner? |
| im a partner in a new business, but neither one wants to be co-owner or owner, because we ar completely equal in the business. Please ... |
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 Life insurance? |
| I am looking for a life insurance policy. I am 22 years old, have never used tobacco, in good health, etc. I feel like this would be an ideal time to get a good premium. The problem is that I don&#... |
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 Question about purchasing term life insurance while awaiting a universal policy..? |
I recently applied for univeral life insurance. Can I purchase term in the meantime..?
..In other words, can I purchase term life insurance while awaiting confirmation of my universal ... |
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Josep Maduro | Is there any way I could change my insurance policy from being full cover to PIP only if I have a car loan? |
I bought a car a year ago with a loan and a full cover insurance on it. I would like to change it to only PIP ( Personal Protection Insurance ) for 6 months to save up some money and pay off credit cards. Currently I pay 330$ a month with PIP only I would pay about 100$. I could save up to 1.200$. ( I know it may be a bit risky since I could get an accident but I'm willing to take the risk for a few months. Any suggestions? I'm 24 live in Florida and the car is an Audi A3 with Progressive. |
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mbrcatz
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Well, you'd be violating your loan contract, and it won't save you money.
So yes, your insurance agent can drop all that extra coverage. Then, your lender gets notified that all those coverages have been dropped, and THEN, in accordance with your loan agreement, they put "forced placement" coverage on you, and BILL YOUR LOAN for it. So, what was costing you $200 a month on your personal policy, will cost you about $600 a month, on your loan. That means, the first $600 every month that you send in, pays for the insurance (which, btw, won't pay YOU, only the lender). If you don't send in an extra $600 a month with your payment, within three months your car will be reposessed. Because, of course, you aren't making the LOAN payments, and you're only making partial INSURANCE payments.
So that's not going to work, in the long run - it will cost you MUCH more money by violating that lending agreement.
**Mitch doesn't realize in FL, you do NOT have to carry liability insurance - it's a true "no fault" state. But it's still a good idea, in case you ever want to drive out of the state.** |
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diva3kids
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No you can't because you don't own the car. The company that gave you the loan still owns that car and will require you to maintain a certain amount of full coverage to protect their interest. |
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Mrs Wilkins
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If you lapse in your payments when you get full coverage again your premiums will be extremely expensive.
More importantly the insurance company will notify your lean holder of your change in policy. The lean holder will tack on the price of their insurance on to your principal loan, which will cost much more than your regular insurance. They can do this because the bank owns the car until your loan is paid.
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Too Bootylicious For YA!
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When a car is being financed, it must have full coverage insurance. |
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Mitch
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You have to also carry liability insurance. There is no law that says you have to carry comprehensive and collision coverage on a vehicle, but when you got the loan for the car, you probably signed an agreement to carry physical damage coverage on the vehicle as long as you have the loan. If you drop that coverage, the insurance company will notify your lender who will then purchase coverage for you. This is referred to as forced place coverage. It is usually much more expensive than coverage you could purchase on your own. Additionally, forced place coverage provides coverage for the lender only, NOT for you. In other words, you pay for it, but get no protection. Keep what you have or shop for less expensive coverage. |
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