 Is it worth getting Home content insurance ? |
I have about 6k worth of home cinema gear , Should i get insurance ?
My main question is , say someone steals it how easy is it to make a claim ?
Do these insurance companys pay ... |
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 Fire fraud? |
| who do i conrtact if i think soemone started tehre house on fire to not make payments and collect insuarnce. cause they bough ta new house putting people in danger next ... |
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 Does insurance cover a car that got in a wreck when breaking the law? |
| i had a friend drinking under age and drove and total her car will insurance she has cover it?... |
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 Health Insurance with a congenital heart defect? |
| I need to purchase private health insurance for my son, who was born with a congenital heart defect. He has had surgery to correct (3 years ago) and requires no additional treatment. He does see a ... |
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 Why are there people that are uninsured? |
| I know this may sound silly but i only know what I do from my limited perspective. Im my state we have medicaid and health plus for low income families. Can someone explain to me why is it that with ... |
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 Can i buy life insurance after heart surgery? |
| I bought 30yr term @ age 40,am now 47. 4yrs ago i had a heart bypass. In 5 yrs my premiums will be out of reach.Any thoughts?... |
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 Anyone ever hear of AmeriPlan?? |
| What are your experiences? Do you use their services or work for them??... |
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 Is the worse job you can have wearing a suit Insurance sales? |
| Wow, every email I get in my Careerbuilder account is an offer from some insurance group. I really did not realize there were so many out there lol. This job has to have a huge turnover rate for new ... |
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 Claiming Independent = No health insurance? |
Hi!
I'm 22 years old and a full-time student. I'm currently receiving health insurance from Cigna through United Space Alliance under my Dad. I'd like to file my taxes as an ... |
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 How can I find out if my neighbor has homeowners insurance and what company it is with? |
| I am trying to file a dog bite claim against my neighbors insurance, but I do not think he is responding truthfully about his insurance policy. He denies having insurance that has personal liability. ... |
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 Life Insurance help........? |
| Hi I'm currently shopping for life insurance for my mom. This is my first time shopping for life insurance so I have no idea how life insurance works and do not know what I should look for. Can ... |
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 For people who make too much for assistance but make too little for insurance...what do u do? |
| Taking my daughter to the Dr right now is frustrating because my husband lost his job that we did have innsurance through and isn't making enough at his new one to afford insurance for the ... |
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 How do I find health insurance if I have been told we are uninsurable? |
| I am asking this question for my m-in-law. Retired early, had extensive back surgery, f-in-law has diabetes and possible heart issues. Going to be coming off of COBRA in California, and are looking ... |
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 Auto accident, other driver at fault? |
| Was in an accident where the other driver ran a stop sign and hit me. He admitted it was his fault and my insurance is assigning 100% liability to him. I drive an older car that I bought used and ... |
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goodude4u | When do you need life insurance? |
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David & Elizabeth S
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If you ask an agent... We'll tell you everyone needs life insurance!
To me it's more a question on how much life insurance you need and the type you need.
If you have no family, no dependents, no mortgage, no debts at all, then I'd say just a burial policy with a face amount of $10,000. to $20,000. would do just fine.
If you have a home and a mortgage you should cover the entire mortgage balance and think about disability insurance too.
If you have a family and dependants you should probably cover your annual income and multiply it by 10. Example if someone is making $20,000 per year they should have $200,000 coverage.
Any other debts you have i.e. car loan, credit cards... anything. should be added to this amount too.
Then you have to pick a type of insurance. To make it simple there is Term and Permanent (whole life). Term is a good choice if the amount of insurance is high, say to cover a mortgage. Term will get expensive when the term runs out or it will expire.
Whole life builds cash value, premiums are fixed, and you have coverage forever as long as you pay your premium. The draw back is they are usually more expensive when you first take them out. |
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Insurance Pickle.com
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when someone depends upon you for financial reasons...whether a family or a busines...
http://www.InsurancePickle.com |
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v b
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When you are making financial decisions that affect another person.
Even if your spouse works, if there are children, consider insurance. Also consider a policy even if there aren't children if you buy an expensive home together as it can be hard to support that house on one salary.
If you have a business with a partner, you should probably have insurance to buy your interest out of the partnership rather than leaving it to someone else. |
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Richie Rich
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You need life insurance when someone depends on your income.
Although there are multiple types of coverage out there (term, cash value, permanent), they are all just term products. Some have bells and whistles.
Term insurance is pure insurance.
Cash Value insurance (may end after a term, may not) is Term insurance with a savings plan. You can borrow the cash value with a few caveats. If you don't pay it back before death, they take it from the death benefit plus interest and fees. If you surrender the policy, there may be tax issues to deal with.
Permanent insurance is designed to last till your dead or age 100. I have heard of a few policies going to age 125 though. This may have a cash value element to it even though it is priced about the same.
Cash value and Permanent insurance are also usually designed to collapse upon themselves at around age 65-70. Not all do though.
All and all, talk with a financial person close to you to figure out how much you need and for how long. Life insurance was never meant to cover you for your life, it is only meant to cover an unexpected loss of life while you build up your retirement. |
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bigdaddy
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when you have kids or another person that is dependant on your income to survive. Like a stay at home wife. |
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indigo
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You need life insurance when for some un foreseeable reason you get sick and are unable to work the life insurance will cover your medical bills or mortgage.Life insurence is to cover your loved ones from finencial burden in case you die. |
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bud68
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When others depend on you to support them. |
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Jessimistic
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I'd say....if you think you may die someday, it's a good idea. |
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