 I am 26 yrs old, single with no children, taking out a mortgage. What insurance do I need? |
| I am taking out a mortgage on my own for a flat. I have a full time job that is temporary for 3 more years but likely to continue beyond that. Apart from buildings and contents insurance, which other ... |
|
 What is Paternity Insurance? |
| Heard david lee roth had it and i was ... |
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 Life Insurance, any suggestion? |
I have a stable income now and i wanna to do a little investment to secure my life. i heard life insurance would be good for first step.
There are so many options out there, i have no idea ... |
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 My fiance' recently passed away in a motorcycle accident,? |
| his motorcyle insurance cancelled a month before he passed he was at fault , and the other party insurance company sent me a letter stating that his estate must pay for the damages to other party, ... |
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 What do you think about Insurance Agents? |
| And what do you think about your Insurance Agent, that is if you even know who he or she is?... |
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 A question about an insurance settlement? |
| My wife was hit by another car about a year ago. She broke two fingers quite badly. She had 2 surgeries, temporary pins, and a year of physical therapy. Now the insurance company is ready to settle.<... |
|
 Take the Accident insurance money run? |
1998 Camaro z28 Convert .
I hit a pole in a parking lot at about 10 MPH or so,
Called my insur and they told me to take it to get an Est or to take it to thier reccomended shop.
1st ... |
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 How i can an insurance agent ( advisor). what are qualification required for insurance agent ? |
| as i want to be an insurance agent and i required phone no , email id of the person who can appoint me as insurance agent ?... |
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 Can my brother add me to his health insurance? |
| I understand that without knowing which carrier my brother has it's not possible to know the answer for sure. But in most cases would my brother be able to add me to his insurance? He works at ... |
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 How to terminate my insurance policy? |
| i've 2 policy insurance, life policy & investing policy. now i have finance problem, i really cannot afford the premium. so i want to terminate either one of these 2 policy. if i terminated ... |
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 Urgent help needed. Insurance claims? |
A shop manager has been has asked by her employer to lie in a letter for an insurance claim.
-The claim is for items that were shoplifted, while the manager was not present, which is exactly ... |
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 Does car insurance really go down when you get married? |
| I have heard that insurance goes down once you get married. Is this true? If it is, how much? Is it significan't? Do you have to be married before you turn 25 for this to apply? I have heard so ... |
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 How should I pick a company to buy life insurance from? |
| So many companies offering life insurance... how should I determine which one is the best to ask for a policy?... |
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 What is an annuity? |
| How do they work?... |
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 Should employers be forced to carry health insurance? |
QUESTION:
With the cost of health care,
DO YOU THINK EMPLOYEES SHOULD PROVIDE provide group health insurance for employees to buy? No matter how small the group?
(i.e., ... |
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dskarpe | What to do when home owner insurance premium is raised after billed and paid, with no reason given by agent? |
Received a bill for an additional $106, agent said the mortgage company failed to pay entire premium. But amount paid matched the amount of the renewal letter I had received. Person in office asked what was I doing with my bill. So I called the company and they just said the agent changed something and they couldn't tell what. I said this is like getting groceries, and the store calls after you get home and tells you they can charge your CC additional for your groceries!!!! |
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Phoenix, Wise Guru
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KJA is correct.
1. You need to speak with the agent regarding your policy and what "changed". It may be that the change was necessary to comply with your mortgage company. However, he has to notify you of things like that. If it is not necessary and you don't want it, they will need to take the charge off your bill.
2. Contact your mortgage company to see if there is any money left in escrow to cover the additional cost if it is necessary. They will also need to take that into account to properly collect your escrow. |
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blb
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Something isn't right because if you called the company they would be able to tell you what changed on the policy. I would contact the agent again and ask them to show you what changed on your policy to increase the premium. Premiums do not just go up after the renewal. If you do not get an answer from your agent, try the company again, if nothing there call the insurance commisioners office in your state. |
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Ron@InsureMe
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Speak to the agent directly. The agent is NOT supposed to change any coverage without your authorization. Find out what the agent changed & have them change it back. They will be able to erase the original change they made so your bill is back to the amount that was on the renewal.
After you get all of that straightened out you may want to go somewhere else for insurance. It sounds like you have a very new and/or very incompetent agent. When you start looking for a home policy keep in mind that home policies vary greatly from company to company. Before you decide on a policy for your most important asset it would be a good idea to speak to a qualified agent. I would suggest going to http://www.insureme.com/landing.aspx?Refby=614502&Type=home. It’s a web site that offers insurance pricing and information on policies nationwide.
Once again, shop around, get multiple quotes, and learn all you can about a policy before you buy home insurance.
Take care – Ron at InsureMe |
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Guagui
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Premiums don't increase just because. Call your agent and ask him if they endorsed your policy or maybe they collected an Agency Fee (Most agents do) And if that is the case, have them show you a signed Disclosure Agreement (by you). If they don't have one you are entitled to a refund and you can even sue them. |
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mei-lin
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The company should be able to tell what was changed. If your agent won't tell you (he should), call the company customer service back and ask again. If that person can't tell you, ask to speak to their supervisor and if that person can't tell you, ask to speak to the underwriter. You should be able to get an answer. That's ridiculous. If I told one of my customers that, I'd be fired. |
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mkulda
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First of all, you can prevent these little surprises by taking your insurance premiums out of your mortgage escrow account and just paying your homeowner's bill yourself.
After all, you are setting aside money each month to pay your annual homeowner's premium and the escrow company is making money off your money that you are not using until the payment time.
You should do your own escrowing and enjoy the small interest proceeds for yourself.
What likely happened is that your home appreciated in value, the agent updated the value of the home and triggered a higher premium payment.
Despite what you might think.....THIS IS ACTUALLY GOOD FOR YOU!!!!!!
The alternative is that you paid your same premium and your home be underinsured. Then, if a total loss would have happened, you would not have been paid enough from the policy to rebuild your home exactly the way you had it and replace all your stuff.
Insurance is nothing like groceries. But to use your analogy....this is like you going to the grocery store each week but only paying for milk once a year.
You pay one price at the beginning of the year for your entire year's worth of milk....but during the year a drought happens and the store starts having to pay more to the farmers for milk.
So instead of getting a full gallon each week, now you just get 3/4s of a gallon.
Insurance is a risk based enterprise.....if the risk goes up (your home value goes up)....you have to pay more for it.
Paying more means you are more protected, which is a good thing. |
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bostonianinmo
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Speak directly to the agent. Whoever you spoke to is either blowing smoke or is grossly incompetent. |
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mbrcatz
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Well, you need to ask the agent what they changed! And then tell them to change it back. |
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DLeibowitz
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Call the company and if you don't get satisfaction, call the State Insurance Commision in your state. |
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kja63
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An agent cannot change your insurance policy without your knowledge and consent. |
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Right on
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It's time to change companies....Insurance companies are all rip offs..... |
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