 Whole life or term policy?? |
Mom is 78 still healthy. I was quoted by a friend of my sister that she should take out a whole life policy on my mom for $50,000, at $275/mo
I found a 10 year Term policy with the same ... |
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 HELP! I sugned up for health insurance through another website.I received an email notification that my credit |
| card payment was processed and then a few weeks later then sent me an email stating that my payment was declined. By this time I had already used my insurance and they paid the claims. I do not have ... |
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 Help with car insurance!? |
| I set up my car insurance for Direct Debit payments but they tried to take the payments on the wrong day, so cancelled my policy, can I renew with another company and still use my no claims total of ... |
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 Question about Cobra Insurance? |
| My husband recently lost his job because is was working a part-time job on the weekend (We didn't know he wasn't aloud to do this). We have been paying $200 a month for health insurance (2 ... |
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 Homeowners insurance question re: insured value of house...? |
Homeowner's insurance is definitely not my area of expertise. :)
I think that my house may be over-insured, but I want some opinions to be sure.
We currently have ... |
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 I'm looking into health insurance, but don't understand a thing? ? |
| Hi, me and hubby have been married for a few years now, and we're both healthy people. All I do is visit my Gyno once a year for my annual checkup, and pay $50 bucks a month for my birth ... |
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 Why do you have to pay 15k to give birth if you dont have insurance? |
I just cant digest this amount, I dont understand why they are rubbing people's money, this had not happened to me but one of my friends.
The whole expenses to give birth cant be more than 1... |
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 Affordable, good health insurance in Georgia? |
I buy my own health insurance. Currently I am being ripped off by Blue Cross Blue Shield! They suck and they are very expensive. Anyone know a better health insurance that is not too expensive?
<... |
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 Whats the point of a million dollar insurance policy? |
I don't get why people get it. It just causes more prblms. They say, "honey I got a million dollar insurance policy" and then the spouse can't wait so they end up dead.
A... |
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 Can u finance insurance premiums through loans? |
| If you finance life insurance and other insurance policies premiums through borrowed funds, how much of interest paid on these loans are tax deductible.... |
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 Will I lose my cash accumulation value if I cancel my whole life insurance? |
| I am realizing now (6 years after opening) that my whole life insurance policy is a bad investment. I notice on the policy there is a cash accumulation value and a cash surrender value. They are ... |
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 Employer has not paid my life insurance...what to do (california)? |
| I had signed up for life and accidental death insurance through my employer on july of 2008, on jan. 12th I decided to call the life insurance(allstate) to ask how much I am paying monthly all ... |
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 Question about life insurance policy's... ? |
| If I took out a life insurance policy and died of a result of suicide would the beneficiaries be able to collect the death benefit. I know some policy's have a suicide provision and that ... |
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 What is the best life insurance company to contract with to sell? |
| In southern california, looking to sell life insurance, what company offers the best support, best commissions, and best customer service??... |
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tobeyp2005 | Why is it that insurance companies don't want to insure property that is rented out? |
I would like to buy a trailer and rent it out. I am particular about tenants and I take care of my property. Insurance companies frown on rentals. Why is this when the landlord also wants to have good tenants and a good investment? |
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mbrcatz
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OK, trailers depreciate in value - so they only get worth less, not more. Kinda like a car.
If you had a rental house, it at least appreciates with the other real estate, BUT. No type of insurance has MORE LOSSES than rental property. Yep, it's the dregs of the insurance world. You want lots of claims? Insure just rental properties. Landlords just don't maintain them as well as an owner occupant, tenants get mad and trash them on the way out, landlords don't want to insure them for the cost to rebuild (after all, the market value is probably WAY less than the cost to rebuild!), it's just a serious money loser.
So, IF I insured the house you lived in, and you called me up and said you wanted to insure a trailer that you want to rent out, I'd write it with Foremost INsurance - www.foremost.com. It would probably cost you $500 a year - and I'd make $50 off of it. Just enough to cover the time the first year, and then I'd pray you didn't have a claim the first two years, because I won't make any PROFIT off of it until the second year. (kinda like, if you were the landlord, would you be happy to buy a rental property if you couldn't make any money until the SECOND full year you owned it?)
If I DIDN'T insure your "good" business or primary home, I'd tell you sorry, I'm not interested. Because as an agent, I can't make money (aka, stay in business) that way. Just like you'll walk away from a tenant that can't pay you rent that covers your expenses.
PS, "Renters Insurance" covers the renter, aka the tenant, NOT the landlord. |
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cosi
 |
they need insurance that you will or can be that particular. you are not an institution that can be held to guidelines. can you insure that you will remain critical of your clientel even when "in the whole" and really just need to get someone in there? you'll get out if that happens right? then it is not worth entertaining the idea that can possibly go bust in a short time. a trailer park on the other hand might entice an insurance company because they know that there is much more capital working towards the cause of sustaining a business. |
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mei-lin
 |
A lot of times tenants don't take care of the property; it doesn't belong to them and they are less likely to care for it. Another reason is that they don't get enough premium to offset losses. |
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txguy8800
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Although you may be particular, the law prevents you from being too particular. And, you could be particular but tenants could fool you. The end result would be that insurance companies would be liable for your mistake. Because of that, the insurance companies will either not insure or make the insurance so expensive you wouldn't want it.
TX Guy |
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skydiver
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renters insurance is available in most state but it is hard to find for mobile homes |
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Harry_Cox
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It's called "renter's insurance" |
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