 Will the life insurance co obtain our medical records? |
| My husband & I are getting life insurance for the first time. We are both in our early 30’s and healthy. I know that the insurance co does their own health tests and blood screenings but I have ... |
|
 Dental Insurance issue...please help,............? |
| I recently been laid off from my employer so I no longer have health insurance. But a few months ago, I paid my dentist $600 for a full year of cleaning and examination while I had health insurance. I... |
|
 When do I need to enroll in Medicare if I plan on staying employed and covered by group insurance? |
| I am self employed and since my group is small, I am told my group insurance is primary. I will be 65 in two months, I am not drawing social security and I will continue to work for the next 18-24 ... |
|
 What life insurance would be best for my needs? |
| I am a 24 y/o single male who lives with my Dad. It's just him and I, as my mother passed away a few years ago. In the event that I ever died unexpectedly/suddenly, I'd want my Dad to not ... |
|
 $4200 Hospital Bill for going to the Emergency Room in June? |
| Hospital said they can work out a payment plan of $350 a month. I can't afford that; I have a wife & 7 month old baby. I have to work a year before I can get insurance and it have not been ... |
|
 I have an idea for a business that I would like to start up. I've gotten great feed back for the idea but... |
| The one thing everyone is warning me about is the high cost of insuranse. Obviously this would put a halt to my plan and I need to know where to start gathering liability facts. The business is a ... |
|
 If you, the (auto) insured, not life insured, are killed in an accident that you caused can your loved ones co |
| llect on your auto insurance policy for your death? Which coverage and what would be the limit on that death benefit? God forbid!... |
|
 Is it true that minimum LIC premium is now Rs.5,000? |
| Is it true that LIC rules have been changed such that premiums have to be paid in minimum amounts of Rs. 5,000?... |
|
| I just need insurance for my child not for me can anyone help? |
| My husband is complaining about having her on the insurance that he has. He is her step dad!... |
|
 Question about pre-existing condition in health insurance? |
hi guys
i have a unique question regarding pre-existing condition coverage of health insurance. suppose i am from a country outside US (say India), and i have a pre-existing condition (say ... |
|
 What happens to your unemployment benefits if you become pregnant while collecting? |
| I just recently lost my job and will be collecting unemployment. My husband and I have been trying to have a second baby (I may be pregnant now) and I'm wondering how that may affect my ... |
|
 What kind and how much liability insurance do I need? |
| I'm starting a residential pool cleaning and servicing business and I need to know about how much coverage I need. I'm getting alot of conflcting info.... |
|
 Does anyone know a reasonably price health insurance in new jersey??? |
| Either people make too much or just above the limit to qualify for individual health insurance for low income families, its just so unfair that we work our whole lives and cannot afford to get health ... |
|
|  |
hrt | Umbrella insurance coverage? |
is it a good idea to purchase a liability umbrella policy if you own a home? or should you up the liability on your car insurance? |
 |
 
Mr. Prefect
 |
An umbrella policy takes up where your insurance lets go. If someone falls and breaks their ankle on your property and sues you for a $1 million, insurance will not cover this, but an umbrella policy should if you take on a policy with a large amount.
Without this umbrella policy, if you are proven negligent with a deep hole on your property, you could lose it all. |
|
50/50 to 50
|
I pay about $120 per year for a $1 million umbrella policy. On your auto and home you will be required to have the max liability but it added to your coverage i.e. 1.3 million. If you need to protect your assets by all means get an umbrella policy. |
|
David M
|
You need to not just assess your current assets, but also your future earnings potential as your wages and other income can be garnished if you cannot meet a settlement. Just look at OJ. Anything he makes outside his pension goes to the Goldman's. Although I despise OJ he is a perfect example of how you cannot have too much liability insurance. Nicole's and Ron's death was tragic, but certainly not worth $34MM. Think about what might happen to you if you are accidentally responsible for the death of others from your car, your pool, your dog, your errant golf ball (all covered by an umbrella policy). I have one for $2MM and am thinking about raising it. I find it amazing the difficulty people go through trying to decide if they should carry a $250 or $500 deductible but don't think twice about buying this cheap form of insurance. Get at least $1MM. If you have a lot of assets or future earnings potential, buy more. |
|
toby
|
both. the umbrella policy is the greatest value offered by insurance companies. it does require that you have substantial limits on the underlying policies, however. most people worry about a $250-$750 collision deductible... what for? are you going to be forced to file bankruptcy over that amount if you have an at fault accident? what if a child is permanently disabled as a result of that same at fault accident? if your auto liability limits are 50/100/50, and the jury awards the child $1m, your deductible effectively becomes $950,000. and i don't entertain the "you can't get blood from a stone" arguement, because the people who use it would not accept it if their child were injured by another driver. |
|
mbrcatz
 |
Yes. To both. An umbrella is a cheap, cheap way of increasing your liability coverage, but in order to get it, you usually must carry auto limits of 250/500/100 or homeowners limit of $500,000 (liability).
You need to insure yourself for your net worth, PLUS three years wages. |
|
ernesto_tig
 |
The short answer: yes get the umbrella. The coverage is cheap and worthwhile.
The long answer: you need to inventory all your stuff (cars, boats, other toys) and evaluate which policy provides primary liability coverage and search for holes in your current coverage. Then evaluate the particular umbrella you're looking to buy and see if it provides the coverage you're missing. Have a sit down yak with your insurance person and have her bring a copy of the company umbrella policy she's looking to sell. Take the time to read it; it's the fine print you don't read that bites you in the a$$. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 20 minutes(s) ago
| | | |
6 | 45 minutes(s) ago
| | | |
6 | 2 hour(s) ago
| | | |
6 | 5 hour(s) ago
| | | |
6 | 8 hour(s) ago
| | | |
5 | 10 hour(s) ago
| | | |
6 | 1 day(s) ago
| | | |
5 | 4 day(s) ago
| | | |
6 | 2 week(s) ago
| | | |
6 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
