 What are the "types of health insurance"? |
| I was going call around for health insurance & a girl asked me what kind I wanted. I had NO IDEA how to answer that. ps, I'm 40, non smoker, live in Illinois, healthy.... |
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 The rise of healthcare rates are criminal in the united states what do you think? |
My healthcare has increased from 10.58 a pay period to 99.58 a pay period !!!!!!! Those that are self employed... forget it there insurance premiums are absurd !!!!!
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 What is my insurance plan telling me? |
I have a deductible of $500 per calendar year. My maximum out-of-pocket limit is $2,500 per calendar year. I have a copay of $15 per visit to my PCP.
So I pay the entire amount of my ... |
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 Home insurance rates.? |
| Recieved a letter yesterday from my insurance company. They are now going to base home insurance rates based on your credit score....WHAT?... |
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 My husband was in a reck with his sgt and his sgt didnt have insurance the day he rearended my hubby...? |
ok so i have a crazy situation, my husband will be a car and his sgt will be b car..
a car was in front of b car and was driving down the road a car had to swerve to the side of the road ... |
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 I jumped from my fathers roof trying to get down.I broke both feet and had surgury.? |
| I lost my job over it and will be out for several more months.It was my fault, I did a stupid thing.I live with my father.I don,t have any med insurance now, and need therapy.Can I get money from his ... |
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 What happens if you cancel your homeowners insurance if you have your home paid off? |
Are there places where the towns require you to maintain insurance? Of course, if you had a catastrophe, you would have to fund it with your own money.....
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I have had ... |
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 Can I cover my fiancee under an employer dental plan? |
| I don't want to ask HR if this is a no-brainer and embarass myself, but I've been living with my gf for 2 years now, and we're engaged (waiting to be in a better financial spot so we ... |
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 What are the best life insurance companies? |
| I live in KC, MO and i'm a stay at home mom of 4 soon to be 5 kids, and i'm looking for a good life insurance for my hubby.... |
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 Can my family still be covered by my health insurance? |
i am in ny and i pay for family coverage for my x-wife and daughter,as long as i pay the premiums is this coverage still good.they are in florida
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i have a 1000.00 ... |
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 How can you tell how much your homeowner's ins. will go up if you make a claim? |
| I have a great deal of water damage under my house due to unknown plumbing leak. I am not able to cover the costs myself and was advised to turn it in on my ins. Will the adjuster be able to tell ... |
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 I am pregnant and my insurance got terminated...? |
| I am 40 weeks pregnant and should be having my baby any day now. I am 21 and had insurance under my parents because I was full time college student. I have taken the semester off to prepare and give ... |
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 Can you explain how an insuarance company works? |
I have an interview, it is in the HR department so I am not supposed to know finance but I guess it would be an advantage...
I am not completely stranger to the field,having worked in ... |
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 Health insurance vs life insurance? |
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thanks a lot 4 ya responses i m sure this will help me out for sure i m doin a project which is based on health insurance case study icici pru diabetes ... |
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WELL SAID ERFMAN JACK | Why dont we get a refund from car insurance companys when we dont make a claim? |
i pay more for car insurance than i do for house insurance yet my car is worth a fraction of ££££££ to my house ???? |
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lola
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well said that person.
i know all the sensible answers but it still doesn't seem fair.
it makes me ill to think of all the money i've paid out for car insurance
10 + years of driving and no claims!
i'm an insurance brokers best dream!! |
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snetterton
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You accrue a no claims bonus instead - this is equivalent to money back.
The reason car insurance is so much more than house insurance is because cars move about and frequently crash into each other. Houses do not. |
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red
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Well put. If only we could claim back, you can with some retailers, so why not insurance. If you tot it up, how much you pay for it each year, i bet you could of bought a couple of new cars. x |
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Oblivious
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because otherwise the insurance company would make a loss. They would have to refund money to people who didn't crash and repair cars and pay injury claims to people who did, which would cost more than the policy was worth. Simple business. |
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derek
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Does your car insurance only cover the value of your car? If so, that's a crappy policy. Mine also includes liability coverage (and a bunch of other stuff).
It's all about risk management. It's a statistical fact that there are more claims on automobile policies than claims against homeowners policies.
One way to benefit from the insurance company profits is to buy stock in that insurance company...that way when they make profits, you make profits. |
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QuiteNewHere
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Well said. This is the business aspect of insurance. You pay insurance as a hedge to getting bancrupt should you ever get into an accident and all the worst happens. |
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NY1Krr
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Insurance covers much more than the value of your car, they cover your for liability.
The reason you dont get money back is because the money goes to pay claims. Here is an example.
100 people have insurance and they all pay $1000 each.
Thats $100,000. In one year, one of the people gets into an accident that was their fault and they are sued for $60k. The insurance co will pay that $60k leaving them with $40k to cover commission that they need to pay brokers as well as fixed expenses of running a business.
In reality, insurance companies only make about 5 cents profit for every dollar of premium that they receive. This money is then invested (usually in equities). Thats why if the stock market is doing well, insurance premiums tend to decline. |
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mwthomas01@sbcglobal.net
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One way that you receive a refund of sorts is in reduced premiums and rewards.
If I sell you insurance I can't make make a living if I have to consistantly give your
premium back in more than a percentage.
Your house is stationary is at far less risk than if it where on wheels, moving and at the mercy of others at all times.
Cause, I would like my money back too! Fat Chance. |
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ppc422
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That is what insurance is for! You have to understand that they are running a business. If you trully beleive that if you ran into someone on your way home from work, totalled 4 cars, and killed 7 people, that you could afford to take care of all that yourself than by all means cancel your policy. They have money to cover you in case of an accident and you don't. That's the bottom line and that is why they make money on their gamble. Most companies will offer you lower rates every few years for a good driving record, but they wouldn't make any money just paying everyone back that didn't get in an accident. |
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TEL BOY
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For the simple reason it is your money that pays for all the claims that go into that company wether they are bogus or not, so everytime you set fire to your car to make a claim because its too knackerd to repair you are putting your own insurance premiums up |
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