 I just got a speeding ticket , will my insurance rate increase? |
| The officer reduced to 15 kph over in a 40 kp zone and said that I will not lose any points- will this affect my insurance?... |
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 Life insurance? |
| if my mom didnt name anyone as a beneificiary to collect her life insurance she got from working at kaiser and her 401 k plan, who does it go to? shes about on her last breath.... |
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 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 ... |
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 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... |
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 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 ... |
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 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 ... |
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 $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 ... |
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 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 ... |
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 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!... |
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 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?... |
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| 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!... |
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 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 ... |
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 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 ... |
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lijosjec08 | What is Insurance ? What are types of Insurance? |
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Mandy
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In simplest terms, insurance is when you pay a company a pre-determined fee (your premium) in exchange for them assuming part of your risk. Example: I pay $96 a month to a car insurance company. In exchange, they promise me that if I get in a car accident, they'll pay a portion of the repairs. |
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529s.com
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There are hundreds of different types of insurance. Insurance is to protect you financially from risk. Here is a website about auto, home and life insurance news, guides and local agent directories: http://www.findlocalinsurance.com |
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?
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Life is about risk. Every time you cross a street you are risking. Looking left and right you cautiously step off the curb and gingerly scamper to the other side. You look left and right to diminish the risk of getting run over, but did you look down for open man hole covers or look up for a crashing plane? Okay so you don't think airplanes fall from the sky every day. Good for you. But for those risks that do bother you, there is insurance. There is insurance available for anything and everything. Me, I tend to think of insurance as a bet you are hoping not to collect. I put my money down betting I will safely cross the street. If I do make it across in one piece I am content knowing I am safe. If however I fall down a manhole half way across I am equally content knowing my insurance bet will help defray the costs of getting my broken leg fixed.
I am stopping here because I am sure some insurance guy will leap in and tell you all about Life Insurance, Health Insurance, etc, etc, etc. |
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bond_girl1983
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that's a very broad type of question....basically insurance is financial protection in case something bad happens....ie, you have home insurance in case you are robbed, or your house catches on fire, etc. you can also get life insurance in case you die of something other than old age, or you can get car insurance in case your car is stolen or you get in an accident....i suggest searching on google and that will probably answer more of your questions. |
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Egyptian Hero
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insurance protects you if something were to go wrong.
You pay a fee to a insurance company, if anything goes wrong they will pay the costs which you would otherwise not afford. They make their money from the fact that most things do not go wrong, and they keep our money afterwards.
House insurance, car insurance, travel insurance.
The more you pay the more money you get when something goes wrong, and the more you pay the more 'actions' are covered. |
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xpo158
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Hi-
Insurance is the transfer of risk from you to the insurance company. You pay to transfer this risk. This payment is the premium.
As far as the types of insurance, there are many.... from a financial standpoint there is Life & Health and Property & Casualty. In addition, there is private mortgage insurance, there is insurance when you play blackjack, credit card companies offer insurance in case you cannot make payments, those extended warranties at retail stores...... the list can go on and on. I recommend going to your state's insurance website. It will have a lot of infor about the general Life/Health and Property/Casualty.
Hope this helps |
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