 Can you believe that a combination of LIC policies can yield up to 12% returns p.a.?? |
| Yes. It is possible. A combination of plans named as "J.S.Plus" by me can yield upto 12% p.a. It will provide for a high risk cover. The term can be as flexible as you want. The premium ... |
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 My baby fell at a resturant and they said their insurance didnt cover it...but they had to cover the bill....? |
| due to the fact that they had accident insurrance. So they being the insurrance company said they could only pay half the bill and sent me a check. I think they were giving me the go around because ... |
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 If your daughter gets pregnant, will your insurance cover it? |
| Let's say you have a pregnant 19 year old daughter who has no insurance of her own, but she is still covered on your insurance until she is 23. Will your maternity benefit cover her, or will she ... |
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 I was reading that, unlike in the movies, life insurance agencies do pay out claims in suicide cases. T or F? |
| I want to know if the beneficiaries of a life insurance policy would receive a settlement if the title holder commited suicide.... |
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 Health insurance question? |
| I have no health insurance i am self employed and haven't been able to afford it. I have never really needed it until now. I have a problem that i can not sleep at night. i get up to pee alot of ... |
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 Don't tell anyone? |
| but I've had this idea. I'm bankrupt, so plan on going canoeing at sea, faking my death, growing a big beard and living in the bedsit next door while the missus cashes in on the insurance ... |
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 Why it is cheaper for an 18 year old to buy life insurance than it is for a 40 year old? |
why it is cheaper for 40 year old to buy automobile insurance than it is for an 18 year old?
why some people prefer term insurance even though it does not have any cash in value? why other ... |
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 Can I omit information on a health insurance form? |
| I have been having a hard time getting health insurance in Canada because I have been a carrier of Hep C for 21 years. Even though I have no symptoms and have liver function tests every year that ... |
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 What are the basic things a person must do to retire well? |
What are the things needed to be done by a person who've just started his career, in order to secure a good retirement?
How much to save, what kind of insurance to follow, taxes to ... |
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 I need a health insurance that covers pre-existing conditions? My work doesn't offer insurance.? |
| I'm a healthy person but I need depression and anxiety medication. I need a health insurance that can help me out with the costs of my medication and my office visits. I also have a regular ... |
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 I need a life insurance policy? |
| I am wanting some information about life insurance policies and how they differ. Are some better than others? Anyone here have any experience with this topic. Are there some policies that are not ... |
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 Health insurance for stepchild? |
| I have a son and the man who I am to marry is not his natural father. When we marry will my son be able to be under his health insurance (blue cross blue shield)? I was not married before but I ... |
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 Insurance claim for theft of electronics from my home.? |
| Someone stole a laptop, TV, CD's, XboX from my house. I filed a police report and claimed the items with the insurance company. They said they would pay me the replacement cost of the items ... |
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| Is there any insurance chepaer than geico? |
Additional Details
please give me some web sites,... |
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 Borrowing on a life insurance policy? |
| If a life insurance policy was created more than 2 years ago and it's worth $100,000. How much would you be allowed to borrow from it today.... |
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 When should you increase insurance policies? |
| My husband and I have insurance policies through his work. We have no kids at this point but would like to have kids in the next few years. If I got pregnant, and heaven forbid anything were to ... |
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 How should i word a letter to a customer about a new product we're offering? |
| I work at an insurance company and we now offer life and health insurance. we also offer lower rates for auto insurance.... |
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skahhh | What happens if you cancel your homeowners insurance if you have your home paid off? |
Are there places where the towns require you to maintain insurance? Of course, if you had a catastrophe, you would have to fund it with your own money.....
Additional Details
I have had homeowners insurance for over 33 years and never collected on anything. Seems a waste of money. I have paid at least $7000 that I could have had in my pocket? Seems like every time I turn around it goes higher and higher. I am on a fixed income and commodities that the insurance speculators are helping to bid up are affecting my food prices. It is getting scary. I am thinking about cutting back ...and taking my licks if something happens....
Maybe if these big businesses can see that we don't like paying the rediculous prices for our commodities, our food and such and maybe if we just stop paying on things we don't need, they will cut this out! |
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mbrcatz
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No, nothing happens. I've never heard of a law that requires homeowners insurance.
If the house burns down, nothing happens. If it gets broken into, nothing happens. If someone gets hurt on your property - YOU write the check.
I think it's STUPID to not have homeowners insurance - not from the property point of view, but the liability point of view. The property loss is limited to the value of your house and contents. There's no limit to a potential liability loss - you'll lose the house, and can STILL have your wages attached until you're dead, for a serious loss. |
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robert w
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Sorry that is the least educated idea for any home owner.!
keep ur insurance it is cheaper by hundred of thousand$.
u can lose the house and have nothing but dirt to live on. |
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♥ Embracing Optical Freedom ♥
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The only people that would require you to have HO insurance is your mortgage company. It would be VERY dumb to cancel it just because it's paid off. What if it burnt to the ground? You'd be SOL |
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rosco
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HI,Well, Well,you answered your own question. |
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wizard
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Essentially that means that you are willing to totally self insure your home. No help, period. Your not required to maintain a policy if your home is paid in full... people are required when they have a mortgage. |
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Monica
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You should keep your insurance and find other ways to cut back in your budget.
Your final question does not make sense?? Why would insurance companies want to damage property on purpose to PAY OUT claims? They make more profit when nothing happens. |
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Gambit
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I have never seen any by-law or municipal statute that required a Homeowner to carry Homeowner's insurance. Most municipalities have some sort of by-law that states if a home is damaged beyond 'x'% then the entire structure must be demolished. So if your local by-law states a home must be demolished if 75% of the home is damaged (i.e. by fire) then the local by-law would force you to pay to have the rest of the building demolished and the debris removed. If you failed to do so the municipality may do so and send you the bill. Fail to pay the bill and they will seize the land. Of course if you had insurance, and assuming the loss is covered, insurance would pay for the demolition and debris removal and rebuild the house. |
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Bradley S
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Nothing happens except, as you say, you assume responsibility for paying for any damage to your house. It is a calculated risk. The trouble is, if you home is badly damaged, you will likely lose so much equity that you will not be able to use it as collateral for a loan. You also will not be able to sell it in damaged condition. That leaves you with the option of living in a damaged home (if it is still safe) or paying for repairs out of pocket. |
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ray
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Wise comments including the one on cutting back...here in Florida works tike this. for a 1400s.f. house now the state insurance Citizens wants for 2012 $3600.00 a year with a $2500.00 deductible 3% to any hurricane claim and by law 25% increases till 2016 ..since the are waiting for the BIG ONE !!!! Now do the number if the big one hits or until then if ever ...before you can get a dime you are in the hole (1). number of years paid, in 5 years we are only looking at minimal $40,000.00 less depreciation and by 2016 if your house is worth over $500,000.00 they will not insure you !!!! What a racket....remember the land never goes away and you always have value there. My choice is simpler no insurance its cheaper to write the check for repairs
$7000.00 a year |
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