 Whole Life Insurance? |
| ok, so heres my situation. My mom got whole life insurance for me when i was younger, and has been paying it. I am now 18 and the policy is turned over to me now under my name. It's supposed ... |
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 Health Insurance (HSA, Health Spending Account)????? |
| My Company wants all employees to switch over to a HSA (health spending account). does anyone know if these are better than a PPO, and how does this work? Any other information on them would be great ... |
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 Whats the best insurance company to sign up with if you are looking for health insurance? |
am thinking of getting health insurance but still confused of which insurance company i should sign up with.
Lorenzo
http://welcometoinsuranc... |
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 Insurance cut off....? |
| My step mom had a stroke February of 2007. She came home in August of 2007, even though her speech was still messed up, she is in a wheel chair (can't walk), can't maneuver her left arm, ... |
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 Should I pay our next term life premium to AIG? ? |
| It's due later this month and after that there is a grace period. It is $900, that is a lot of $ to pay a company that may not make good on a policy IMHO.... |
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 How commen is it for an employer to fire you just before your benefits kick in ? |
| They eliminated my department (i was the only one in that department) a week before I was suposto get benefits, they pay half, than put me in another position and hadme fill out an entire new ... |
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 I have a problem with the owner of my company. what should I do? |
| I have had a problem twice with him. I travel for a living and their are times when your away from home and you may get it a financial jam. I am 900 miles from home and I had the air conditioning go ... |
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 What can I do with a P&C license? |
| I am currently an independent life agent. I have been thinking about getting my P&C this year. As an independent, which I would want to remain, what could I do with it? Will some company let me ... |
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 Health insurance claim denied despite proof of coverage? |
| To make a long story short, I have several claims from summer of 2007 that are being repeatedly denied by my ex-insurance company due to their claims that I was not covered for those dates. My ... |
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 If you suspend me i will get attorney? |
| if hear from your attorney will be ... |
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 Is this a good health insurance for my mom? |
My mom is 58 years old and lives in California.
I needed a plan where if there's any hospital bills or chemotherapy that needs to be done and it exceeds $100,000......I want the insurance ... |
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 Does homeowners insurance generaly cover damage to other peoples property ,like say from a tree falling |
| i have a few trees that are near my property line, they are Eucalyptus trees and those have a tendancy to drop large brances from time to time, if one of these trees dropped a big enough brance it ... |
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 Insurance help for a stupid class! Please?!? |
| Okay, I would love it if you guys could help me out and find links to this or give me examples. I am taking a personal money management class and our teacher wants us to evaluate different examples ... |
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 How Does Back-Dating a Policy Work? |
| My fire insurance cancelled my policy without informing me that they were gonna cancel my policy due to none payment. They said they sent out a letter, saying if i don't pay them by the 15th ... |
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Isis | Would Cell Phones be covered under 'Contents Insurance' ?(given that cell phones are taken outside the house) |
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Gambit
|
The cell phone would be covered as it fits the description of contents under any residential policy.
Whether the peril that caused the damage is covered is another story. If you have a 'Named Perils' policy, you will have to consult your policy to see if what caused the damage is a listed peril on the policy. If you have an 'All Risk' policy, you will have to see if what caused the damage is excluded under your policy. Also note that it's possible for the dwelling to be insured under an 'All Risk' basis but your contents will be insured under a 'Named Perils' basis, so make sure you know which type of policy you have, and that you are looking at the correct section in your policy wording. BTW most 'All Risk' policy will cover mysterious disappearance (i.e. I lost it) as long as you fulfilled all the conditions on your policy.
Third is what is the value of the phone or the amount of the damage, and is it significantly higher than your deductible? What constitutes significant is subjective. You have to decide whether the amount you will receive from the insurer outweighs the amount you will be paying by losing your claims free discount (if any), along with the risk that your insurer may non-renew your policy. Speak with your broker/agent who should be able to help you weigh your options (they can only show you the paths available to you, but you are the one who has to decide which path to take). |
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MTR
 |
yes. It's not contents insurance, it is unscheduled personal property (often referred to as contents). However, the cost of the phone may be more than the deductible, so why bother |
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mbrcatz
 |
On the standard homeowners policy, your contents are covered anywhere in the world (with a few exceptions). BUT, they are ALSO subject to your deductible.
HOWEVER, contents are only covered for "named perils". Dropping it causing it to break, is NOT covered under the standard policy. Theft is.
Most of the time, the cell phone isn't worth as much as the deductible. But some policies ALSO limit coverage for portable electronic equipment.
So the answer is, yes, but it's probably not worth it to claim it. |
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Insurance MAN
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Amen to the prior answer!
Add just to add my own opinions...
Insurance is an ASSET, treat it as such. If you make small claims (not that this would prob qualify) but many small claims are going to cause your rates to go up, or your policy to be non-renewed (Cancelled at renewal)... Then, when you have a catastrophic loss, the second class, cut rate company you went with becuase no one else would take you, is going to stick it to you! |
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Sue
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Let me preface this by saying it depends on where you are, but, on a standard homeowners policy in the US, contents coverage is worldwide. A cell phone is considered contents coverage & is subject to the coverages, limitations & deductible on your policy. In most cases, if you just "lose" it, it would not be covered, if it burned up in a fire it would be covered. I would guess that you have a $250 or maybe even a $500 deductible. Unless your cell phone is quite fancy, if that is the only thing that was damaged, I would guess it would not meet your deductible, therefore you would have no claim. Also, I wouldn't be putting in very small claims, because that looks bad on your homeowners policy. Have a couple of small claims & it is possible your company will refuse to renew you. A company would rather see one large claim than 2 small ones. |
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