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Basically I was in a car wreck, I filed a claim against the other driver’s insurance company, they agreed to pay me the face value of the car instead of repairing my vehicle. Today they called and are talking about wanting to pick up the car and the title for my car in exchange for the payment.. Is this normal? They never mentioned that I would have to give them my car.


Submitted by: Destiny B

January 4, 2009 • Tags: Car Wreck, Face Value, Insurance Car • Posted in: Car Insurance FAQ • 8 Comments

I have heard that accidents and tickets will affect car insurance rates for five years. I was in an accident four years ago, that was determined to be my fault. Now, my (old) insurance company just settled this claim. Is this going to affect my rates for five years from the settlement date or from the date of the accident?


Submitted by: crizzy u

January 2, 2009 • Tags: Car Insurance Rates, Insurance, Insurance Company • Posted in: Car Insurance FAQ • 5 Comments

Can Life Insurance refuse payment after the 2 years suicide clause expires?

Contrary to public belief, I’ve found that the laws of most states and the policies of most life insurance companies only exclude suicide benefits for a 2 year period.

If hypothetically a customer was to purchase a policy with the expressed purpose of committing suicide in 2 years, could the insurance company refuse to pay?

This is for my actuary paper, not a personal question!


Submitted by: Robert Crondiser

January 2, 2009 • Tags: Insurance Company, Life Insurance Companies, Public Belief • Posted in: Life Insurance FAQ • 7 Comments

Does home insurance cover when I rent out the house and the tenant causes a house fire (assuming the house completely burnt down)? If not, do I need to buy landlord’s insurance or ask the tenant to buy renter’s insurance? Thanks


Submitted by: rlou

January 1, 2009 • Tags: House Insurance, Rent House, Renter S Insurance • Posted in: Home Insurance FAQ • 7 Comments

I was just wondering if anyone could tell me how much it would cost for car insurance. I’m 17 and just got my license about 2 weeks ago. My parents are gonna put me down as a part time driver. We have State Farm.
We will have full coverage.


Submitted by: Me

January 1, 2009 • Tags: Insurance Cost, State Farm, Time Driver • Posted in: Car Insurance FAQ • 6 Comments

I have a car and have taken Auto insurance for it.
Now my question is if i take a rental car, then my auto insurance policy for my car covers it or i need to take separate insurance for the rental car? When i took the auto insurance policy, they have taken my car details and its present in the insurance card also.
If i need to take insurance for rental car, what type of insurance do i need to take excluding my auto insurance policy coverage that applies to all cars?
Also if i am driving someone else car, will my insurance cover if there is any accident i have made?


Submitted by: css

January 1, 2009 • Tags: Car Insurance Policy, Insurance Car, Rental Insurance • Posted in: Car Insurance FAQ • 6 Comments

I am deciding which company to go with for my life insurance purchase. Wanted to make sure my spouse and child wouldn’t be mistreated by the company should anything happened to me.
Thanks!


Submitted by: ZZ

December 30, 2008 • Tags: Insurance, Insurance Purchase, Life Insurance Companies • Posted in: Life Insurance FAQ • 2 Comments

My wife and I are looking to buy a home, but we want to find out what a typical home insurance payment looks like.


Submitted by: David B

December 28, 2008 • Tags: Home Insurance, Insurance, Insurance Payment • Posted in: Home Insurance FAQ • 6 Comments

How can you negotiate with car insurance agency after a wreck that was caused by you if you have no insurance to cover the other driver? Are there any legal ramifications?


Submitted by: Machine

December 26, 2008 • Tags: Car Insurance, Insurance, Legal Ramifications • Posted in: Car Insurance FAQ • 5 Comments

I am self employed and just started a small cleaning service for business and residential. I am the only employee and I want to be insured. How much insurance should I get to start off with and how much should I expect to pay monthly for it?
I am in Florida.


Submitted by: Hope

December 21, 2008 • Tags: Cleaning Service, Insurance, Service Business • Posted in: Business Insurance FAQ • 1 Comment

About 1 yr ago I cancelled my DD for my home insurance to cut costs. My bank then said as I never told them directly they have refused my insurance policy and that I would find it difficult to get another policy. I am now looking to start another home insurance policy but they all ask the question if I have been refused before? What does this mean? As it is obviously important to have it as you never know what will happen.


Submitted by: Mrs Captain

December 21, 2008 • Tags: Home Insurance, Insurance, Insurance Policy • Posted in: Home Insurance FAQ • 5 Comments

I am planning on doind a small job for an apartment complex with myself and a couple friends. Since we will be using a small amount of scaffolding, we are required by the apartment complex to have business insurance. I was wondering about how much this would cost for about 3 people and about 2 weeks or less. Thanks in advance.


Submitted by: Aaron V

December 13, 2008 • Tags: Business Liability Insurance, Couple Friends, Job • Posted in: Business Insurance FAQ • 2 Comments

We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we’d be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?


Submitted by: mommy-to-be

December 13, 2008 • Tags: Expecting A Baby, Insurance, Medical Insurance • Posted in: Life Insurance FAQ • 6 Comments

I am trying to find some cheap motorcycle insurance. Everywhere I have gotten quotes from so far have all been over $400 a month. Where can I find some cheap motorcycle insurance in Florida?


Submitted by: Mitch

December 9, 2008 • Tags: Cheap Insurance, Cheap Motorcycle Insurance, Insurance • Posted in: Motorcycle Insurance FAQ • 4 Comments

When you get a motorcycle financed and the bank requires the owner to get full insurance coverage on your bike. Lets say if I were to cancel my insurance after couple of months because of some reason and not have any policy for next year. Will the bank find out and penalize me until I get one?

Or can I get away with that?

Thanks………


Submitted by: pappoo