 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.....
Additional Details
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
Additional Details
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? |
Additional Details
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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| Can you believe that a combination of LIC policies can yield up to 12% returns p.a.?? |
| Yes. It is possible. A combination of plans named as "J.S.Plus" by me can yield upto 12% p.a. It will provide for a high risk cover. The term can be as flexible as you want. The premium ... |
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 My baby fell at a resturant and they said their insurance didnt cover it...but they had to cover the bill....? |
| due to the fact that they had accident insurrance. So they being the insurrance company said they could only pay half the bill and sent me a check. I think they were giving me the go around because ... |
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 If your daughter gets pregnant, will your insurance cover it? |
| Let's say you have a pregnant 19 year old daughter who has no insurance of her own, but she is still covered on your insurance until she is 23. Will your maternity benefit cover her, or will she ... |
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 I was reading that, unlike in the movies, life insurance agencies do pay out claims in suicide cases. T or F? |
| I want to know if the beneficiaries of a life insurance policy would receive a settlement if the title holder commited suicide.... |
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emericanpride17 | Why is it not discrimination for insurance companies to charge more based on gender, age, or marital status? |
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Phil
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It is discrimination. And it is not fair to the individual. However, the government has legalized it, so the insurance companies can get away with it.
I am in favor of getting rid of the current rating methods, and using personal statistics instead. (For example, you can't charge more for a youthful driver, but you can base rates on the number of years licensed to drive.) |
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sunshine_today
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Because insurance companies base their rates on statistical data. Those paying higher rates are in categories that have been proven to be more costly to the insurance company. |
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UNITool
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Because insurance companies rates are based on very carefully calculated and government regulated scientific statistical analysis. Those rate differences aren't based on prejudice or discrimination by individuals in the company, they are based on probability of claims. |
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Insurance
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"pricing discrimination"?. But in insurance it is called "rating".
Gender, Age, Marital status, Health Condition are all the parameters required by the insurers to rate their products based on a set of statistical data and claim experiences. it is also differ geographically.
So if you fall into their safe zone, your premium will be cheaper. Those who fall into their "high risk" zone the premium will be higher.
They need to do this to ensure their existence.
Quotes may differ from insurers for the same coverage. As different insurers have different risk profile in their portfolio. |
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Gleebicus
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Because these attributes affect behaviors that will change survival likelyhood. The younger you are the more likely you are to take risks. If you're old, your health is less likely to be good. If you're married, you have other responsibilities besides yourself and thus one tends to behave more responsibily. Men vs. women is the same... although I couldn't tell you which is riskier... men take more risks in general, but I'm a woman driver and I'll admit women don't drive as safely. |
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halestrm
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Because there is hard statisical data that shows young single men get in more accidents. Young married women are more likely to get pregnant. Men die younger than women and married men die younger than single men.
Without the statisical data it would be. |
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mbrcatz
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it IS discrimination - it's just not unfair, or unlawful discrimination.
If there wasn't any discrimination, a 40 year old man with a ford escort would pay the same for car insurance as a 16 year old boy with a 2007 Camaro, and a 30 year old man would pay the same for LIFE insurance as an 80 year old man.
"Discrimination" means, as you pointed out, lumping people together according to similar characteristics. Some discrimination is lawful, and works to your benefit. Some is lawful, and DOESN'T work to your benefit, but is still fair. Then there is UNLAWFUL discrimination that is NOT fair, and illegal.
Life is all about discrimination. That's why most people pick a sundae for dessert, rather than a plate of liver. They're DISCRIMINATING. |
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nick m
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statistics, its their right to base their rates on solid facts to back them up... you dont have to buy insurance, so its not like every 16 yr old male will have to pay more then every 45 yr old female every month |
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Sarah Smile
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Oh, thats not all they do, they are crooked, they also base your rates on your credit, yeap, they think if you have bad credit you are more likely to commit insurance fraud, how do you like them apples? |
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