Insurance Companies

When one has car insurance alone, insurance companies state that if one is to also get home insurance from the same company, the sum of the two insurances will be less than the original car insurance alone… Why should insurance companies take less premium for providing more service?

http://teenproxy.cn/home-insurance.html

Many companies offer a discount for bundling services as a way to attract more business. Same as the cable company giving you a discount when you add internet or phone service.

Credit scoring flat out isn’t used, in California. Leader Infinity will omit the credit scoring upon your request, HOWEVER, they will then give you the highest rates (as if you have a horrible credit score).

There are some SMALL regional carriers that might omit credit scoring, but none on a country wide level will do that.

Travelers, will manually underwrite, IF the low credit score is due to a divorce or a medical issue.

As always, talking with a local agent will probably get you more state specific information, than posting for generalizations that are valid for the entire country.

http://news.yahoo.com/s/ap/20070111/ap_on_bi_ge/katrina_insurance

Actually they will not have to. A very tiny codicil on today’s ruling was that since hurricanes and floods are "acts of God," insurance companies may sue for damages from "God or his representatives." As such, churches throughout the United States may expect to see summons and the inside of many a courtroom.

About time, says I! Looks like tort action to me: duty of care, failure of that duty, and then injury.

I used to live in my house but now I am renting it out. Should I tell my home insurance company that I will no longer live there and tell them about the tenants?

RIGHT AWAY! you cannot have a homeowners policy if you the homeowner do not live in it. your policy needs to be rewritten as a landlord policy. this covers the dwelling (make sure you also keep liability on it). your tenants should then pick up a renters policy to cover their belongings. if you can find a company in your area that will write your property on a commercial package policy, it will keep your premium a lot lower. i have a company that does this and it actually gives them MORE coverages than a regular landlord policy for less premium.

On a recently diagnosed medical condition is an invasion of privacy? I recently got a letter from my insurance company that I was automatically enrolled in a program where they would call me to give me monthly advice. I think this is an invasion of my privacy and choice. Any thoughts?

One thing I know for sure: DON"T trust the insurance companies. They are all evil. If they are giving you "counseling," it is to try and save themselves money for something, or they will try to get you to say something that keeps them from having to pay. Don’t let them "counsel" you.

my parents’ home insurance company just dropped us. they said the area where we live is ‘at high risk for fire damage’. well i was under the impression that protecting people in the case of a fire was their job. i always knew insurance companies were vultures. but dropping us because they may have to do their job seems incredible.

Insurance companies are not in business to do what you or I want them to do. They are in business to make money where it is practical to do so.

If we are in an area where it is virtually guaranteed that there will be a flood, getting flood insurnance is next to impossible. If an insurnace company tells us that we are at extreme risk of something happening, maybe we need to move to a place where the risk is low enough that we can get insurance.

my parents’ home insurance company just dropped us. they said the area where we live is ‘at high risk for fire damage’. well i was under the impression that protecting people in the case of a fire was their job. i always knew insurance companies were vultures. but dropping us because they may have to do their job seems incredible.

Insurance companies are not in business to do what you or I want them to do. They are in business to make money where it is practical to do so.

If we are in an area where it is virtually guaranteed that there will be a flood, getting flood insurnance is next to impossible. If an insurnace company tells us that we are at extreme risk of something happening, maybe we need to move to a place where the risk is low enough that we can get insurance.

This is news to me. We own a Boxer and I know I have heard about some insurance companies not accepting or require to be reported if you own a Pittbull, Rottweiler, Doberman or German shepard. But this was the first time I have ever heard about Boxers! I dont understand why. All the Boxers I have know have all been sweet. Now I know they have a tendency to be hyper and clumsy could this be why?
Actually to Dani B. When we were shopping for Ins several companies said NO to Dobermans, Pitts> Rotts and German shepards. So we knew this from actaully shopping around that is why we got a BOXER because we figure it wasnt on the list because we had originally wanted a DOBERMAN. After having a Boxer for awhile we were trying to get insurance with a different company because ours questioned us having a BOXER and didnt allow it. We then came to find that ALOT of companies are NOT allowing BOXERS as well as the other breeds I mentioned, so NO it wasnt one of those cant believe everything ya hear situatons….we heard it DIRECTLY from teh ins companies and they couldnt even give a straight explanation WHY

Mine was incredible ( $$$$ ) when I told them of my Doberman. The next one I called I said I had fish.

Sometimes insurance companies have some stupid rules. Maybe not on my Doberman or a pitbull but obviously a boxer made the list – go figure

Who pays for the home insurance when you are owner financing it? The seller or the buyer? Also in the state of Texas what insurance companies provide mobile home insurance?

Who’s name is on the title, at the registrar of deeds? Until the title is passed to the buyer, the house is just a RENTAL, and needs to be insured that way. If this is a land contract, the SELLER should keep the policy to 1. make sure it gets paid and 2. make sure they have coverage in place, should the contract revert to rental. The buyer should THEN carry a renters insurance policy.

If the deed is being transferred immediately, then the BUYER gets the policy. Then the seller just has to hope that the policy gets paid.

Most of the time, owner financing is more hassle than it’s worth. If the person isn’t credit worthy enough to secure a mortgage on their own, they’re most likely going to default on YOUR mortgage, also. Then, depending on the condition of the property, you’re left with something basically unsellable.

Check out this site, if you want to find the cheapest home insurance just in one minute,

http://best-cheap-home-insurance-usa.blogspot.com/

Here you can get free quotes from different home insurance companies in your area, its the best way to find an afforable home insurance with a reliable company.

Best Wishes,

Well, some tweakers broke in and took 4,850 in electronics. A new triple core pc, hdtv, sony dream theater system, xbox360, to name a few. And even busted and damaged the door completely! Anyway, the insurance just called and offered me 1,606!! I have gave them some but not all receipts, pictures, etc. I cant settle for that amount! This is just another constant reminder of the idiots that broke in to my home and ruined my life! Im supposed to call the adjustor tomorrow and talk about this measly settlement. I know im not getting all the full amnount, but the offer they gave me was just an insult. What should i tell him? I cant believe i pay a hefty amount to have this insurance, and this is how they disappointed in my time in need!
And yes i know theres an appreciation value, but this too much if u ask me…

They’ll throw that "depreciated value" thing at you all day. If you have your original policy, see if there’s a clause in there about offering depreciated value, or "replacement value." The company is prepared to offer a reduced settlement to you – the agents are trained for this. BE PERSISTENT. Don’t use bad language of course. Rehearse your arguments prior to talking to the agents. Make your point, and keep making it. The point is not to cave in to their low offers. I’ve seen cases where persistence pays off, and the customer indeed get replacement value. It’s a bargaining game, and your persistence will pay off.

Remember. Insurance companies are in the business of selling policies – not paying claims.