 Whole life policy only $6000 after paying for 50 years??? |
| My mom has been paying on a whole life policy for over 50 years. The benefit amount is now only $6000. I think she could have had more than $60,000 had she put this money in a bank instead. Is ... |
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 Can I take my auto insurance to a lawsuit they did't explain that my husband was excluded on the auto ins.? |
| It's been hard to my husband and me because we tought we had coverage but my insurance told us that my husband was excluded and not included in my auto insurance. And I talk to the lady who sell ... |
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 Beneficiary named in will killed my sister? |
| 2003 my sister was murdered in georgia she had a will in place 30% was to go to the killer from the estate he is in prison I am also a heir of the estate,I'm being told that he still gets 30% by ... |
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 I have a car loan and my bank is charging me more money for not having insurance? |
| I have a car loan from my bank and did not purshase insurance on my car for two years later on i found out my loan was ad up $3800 more when I call my bank they say that they had purchase a insurance ... |
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 Is it moral to contribute to mom's life insurance? |
| Mom is in her mid 50's. She asked me to contribute money to her Life insurance so she can increase the amount her family would get in case of her death. Is it moral to do so?... |
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 Why insurance agent do not market term insurance? |
| I am working in an IT company & agent comes to our company for marketing ULIPs. By reading various articals on ULIPs, I now understand the charges & I wonder how these agents hide the charge ... |
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 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 ... |
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 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.<... |
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 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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mrscnstaug | When insuring a home, are you covering the appraisal of home, the purchase price, or cost to rebuild? |
Which number do I shoot for ? Different people are telling me different things & we are first timers over here. HELP!! |
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Bradley S
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Replacement value. Think about it: If you home is destroyed, does it matter if the appraised value had risen by $100,000 since you bought it? Or plunged $50,000? The only thing that matters is how much it would take to rebuild to the original condition. It is very important to take into account any upgrades or remodeling you do (see article below). Also, since you are “first timers,” be sure to consider earthquake insurance, no matter where you live but especially in any Western state. Earthquake damage is not covered by standard homeowners insurance, yet it can wipe out your equity and leave you trying to repair your home out of your savings. The chances of a major quake may seem remote, but the downside—having a home you cannot sell and cannot afford to repair—is too great to ignore. |
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dmoney
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You are insuring much more than that. You are insuring all that is valuable in the home, replacement of all values like electronics, couches, fridge, ect. You really need to sit with your agent and have him explain this to you. He is the pro and you should find one you trust. |
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The Wise One
 |
Insurers are interested in the rebuilding cost. They should ask for this explicitly. |
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magoo&me
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Talk to your agent, talk to your agent, talk to your agent....
Agents are waiting to talk to their clients.... |
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paintedhorse30
 |
It's the cost to rebuild. I've owned a home since 1992, and that is what it is. Remember when your house is appraised, your land is also included. |
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Steve P
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cost to rebuild because the value of the home includes the value of the land that it sits on and that land will be there even if the home is completely destroyed. |
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elgin_777
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different for different policies...talk to your agent and he can give you options.
most policies will cover cost to rebuild but you must be within a percentage of rebuilding cost or you will have to pay the difference. |
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kelly
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depends on what policy that you pick the general rule in what the cost to rebuild the home. |
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Marie
 |
your lookiing at rebuilding costs....putting you in the same position your in right now with like materials. Your also covering contents and any outbuildings you have on your property too.(outbuildings and contents are worked into your premium) Your premium is the amount of insurance you have purchased for your home to rebuild. |
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Skinny
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It should always just be the cost to replace, no more! If costs go up than so should your insurance. Now as for the items in your house they should be covered by a type of rider on your home owners policy, and have a seperate cost if you choose to cover those items that would be lost in a peril. If your mortgage company is asking you to have more ins than the replacement cost than there is a problem. |
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mbrcatz
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Well, the person you should listen to, is YOUR AGENT, or rather, the agent selling you the policy. See, different policies are based on different things. MOST homeowners policies - the cheapest ones - are based on the cost to rebuild your home. A low value home, though, like an old three story in a rotten neighborhood, might have a policy based on market value, or "functional replacement cost".
So don't take any advice about which value to use on the home, except from the person who knows which type of POLICY you've got on that house. Appraisal value, btw, is usually the same thing as market value, which is the same thing as purchase price. |
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