 Life Insurance? |
| I was considering buying Life Insurance now because I thought it would be much cheaper than to buy it when I start to get older. I don't know anything about insurance, I know there is term life ... |
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 Medical Coverage/Disability Questions? |
| My husband recently became disabled and can not work due to a back injury (which did not happen at work). He is going to have surgery but it hasn't been scheduled yet (kaiser insurance and they ... |
|
 When a college students submits his grades to a car insurance company, how does the company verify the grades? |
| I don't know if the insurance companies actually check the grades i send them or not. I would like to know.... |
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 Will my employer know that I've sold an insurance policy outside of my employment with them? |
| I work for one of the major financial advisory firms out there, and am fairly new into my career there. I have an opportunity to write an extremely large insurance policy outside of my employment ... |
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 Term LIfe Insurance, amount and duration? |
Few questions about term life insurance:
I am 24 married with a mortgage, and 2 kids.
First the amount of insurance:
I have been told two different ways to look at this:
... |
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 Nationwide has denied my homeowners insurance claim-what can I do next? |
| After hurricane Ike hit, we came home to a bent ridge beam, walls bowed out, and siding that was pulled away from the house (not to mention alot of little stuff out of whack here and there.) N... |
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 Has anyone ever heard of buying a Universal Life Insurance policy in order to have retirement money? |
I was recently told of a practice that is supposed to work better than simply saving back money for retirement age.
For example:
You buy a policy for the sole intent of dumping money ... |
|
 Did someone actually get a great quote for car insurance online? where? |
| i saw that insurance companies ask for some personal information when it comes to giving an online quote, so i'm trying not to give it to all of the weird companies that come up in a general ... |
|
 Are proceeds from a lawsuit taxable? Are insurance settlements arising from a lawsuit taxable? |
| I sued my insurance company over failure to pay a Hurricane Katrina claim and we settled before going to trial.... |
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 Homeowners insurance is high because there is no fire hydrant? |
| The quotes I'm getting for insurance are high b/c I live on a rural property and there is no fire hydrant on the road. The fire dept. told me their trucks carry plenty of water PLUS there's ... |
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 Being mucked about by elephant insurance company is there a body who can deal with my complaint? |
| i have emailed 4 people now about cancileing my account and no one has emailed me back i am now paying contents cover for a house that i do not live in any more this is rediculus. i only have a ... |
|
 What can an insurance company force you to do legally? |
| We live in southeast Louisiana. After Katrina none of the insurance companies are writing new policies and they're trying very hard to get rid of all the existing policies and effectively make ... |
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 If I go on unemployment, does my company pay health insurance? |
| My company has laid me off and is going to pay me unemployment. Does my company have to continue my health insurance, or will I be dropped automatically? If so is there anything I can do other than C... |
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clueless | When an insurance policy has a $2000 deductable what does that mean? |
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DOT
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It means if you have a wreck (or need to file a claim for other reasons), you have to pay the 1st $2000, then the insurance picks up. If you get an estimate to repair your car and it's $5000, You pay $2000 and they will pay $3000. |
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andeegal126
 |
It means you are responsible for $2000 before the insurance will pay the balance of the bill.
For auto insurance, this could be 2k per accident, meaning you could be responsible for paying the 2k repeatedly if you have multiple accidents...
For health insurance, usually it is a 2k deductible before the insurance company will pay their part...that could be 100% of the remainder of the bill, or it could kick into 80/20...depends on the structure of the insurance. There are some things that don't usually require you to meet the deductible....usually medications, MD visit co-pays, etc don't have a deductible before the insurance kicks in.
Also, if you're looking at a big bill from a hospital, check with their financial aid department....almost all major hospitals offer a range of discounts based on income and family size.
Good luck! |
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JJ
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I am assuming this is on a personal or small business policy.
Just to expand a little on the last post. If you have a $2,000 deductible on your policy, you received a very large discount because of that - typically a 20-30% discount is applied. The discount is given because you will not need to bother the insurance company with small claims, only large ones. |
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bpl
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It means that whatever the damage or loss is, that the insured is responsible for paying the first 2,000 of the claim. The higher the deductible, the cheaper the policy is. |
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InsuranceGooRoo
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If you were to suffer a loss (auto, commercial, or home situation), the insurance company is going to pay the amount it takes to cover the loss minus your deductible.
Example:
Car crash causes $6,000 estimated damage to your vehicle.
$6,000 - $2,000 Ded = $4000 out on your auto from Insurance
With health insurance it is a bit different, you pay out the deductible first before your insurance kicks in to helping make adjustments and payments. |
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Timmy J
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The insurance policy will not consider paying any benefits until you have paid $2,000 out of your own pocket. |
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mbrcatz
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It means, you pay the first $2000 before the insurance kicks in. |
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HoustonTexan
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That means you have to pay for the first $2000 in damage to whatever is covered before the insurance kicks in. Typically the higher the deductable the lower the premiums and vice versa. |
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