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Insurance Experts?

Question by brenda_lilb | Posted in Insurance & Registration

My car was stolen and its a loss.
My car payment statement was mailed to me to pay for next mnth.
My question is should I? Will my credit be messed up if I don't? This happened a week ago. please help!! shouldnt of the insurance co reported it to my financial bank?

Answer: ... agreed. I worked for a major auto finance company and know from experience that the answer above is dead-on. You MUST keep paying on your vehicle until you have satisfied the terms of the contract. If your insurance company pays $20k and you owe $22k, you will still need to pay the other $2k to the ins company to settle your contract.

Call the finance company at the phone number on your statement and talk to a representative immediately. Explain to them what has occurred, because it's very likely your insurance company has not yet contacted them. They'll tell you everything you need to do from there.
 
 

Health Insurance Experts - An Inexpensive Health Insurance For A College Student In New York City?

Question by BC '09 | Posted in Insurance

the followings criteria must be met (due to my school's policy):

1. Medical and mental treatment in the NYC area that covers at least $100,000 (total) per sickness or accident;
2. Coverage for pre-existing conditions;
3. Medical evacuation and repatriation of at least $15000;
4. Repatriation of remains of at least $7500; and
5. A deductible not to exceed $500 per year.

(I don't know what half of these words mean, haha)

Anyone? I would really appreciate it if someone could give me a good suggestion.
hopefully, I'd like to get an insurance under $1000 per academic year.

thanks for comments!

Answer: I'm guessing you're an international student, right? Contact an individual insurance agent to get quotes. I'd recommend one, but I don't know any in NY. Can the school recommend an agent or company? Ask their office for international students.

Here's some definitions:
PRE-EXISTING CONDITIONS: Anything you have wrong with you or have seen a medical professional about in the period before coverage started. Usually the period is for 2 years, but could be longer.

REPATRIATION OF REMAINS: Will pay to have your dead body returned to your home country if you should die while in the US.

DEDUCTIBLE: The amount of the health care costs you must

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To Health Insurance Experts : On An Insurance Claims, Who's Documentation Bears More Weight Nurse Or Doctor?

Question by WONDERING_GIRL | Posted in Other - General Health Care

I have travel insurance and I filed an insurance claim for my influenza illness last year. They denied my claims since a nurse documented a chest congestion and fever x 2 weeks. which is truly erroneous. While two doctors documented x 3days of fever. Insurance won't cover since my coverage does not start on that 2 weeks period of illness. Now, I am wondering which should the insurance company believe, the two doctors or a triage nurse who assesses you for 5 minutes?

Answer: Generally insurance companies go by the word of the doctor, as they are supposed to have the last and major say in your treatment & care.

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A Dumb Question; Can Insurance Experts Answer?

Question by perfectlybaked | Posted in Insurance

I heard about something years back about being able to cash out a life insurance policy after so many years, after you have put so many thousands into it. Is there anything like this? I want to know before asking my policy. It was something my grandma was able to do. She got like a few thousand dollars after putting in for so many years.
Gosh I love all of these positive answers. I happen to be in a financial bind right now but these answers are encouraging. Perhaps a few strands of hair will be left on my head when the stress of all this has come to pass...
Again, I would like to thank all for the valuable input. If I can get needed funds from my policy, it'll turn out to be my "emergency

Answer: In general, there are two ways you can "cash out" from your life insurance. One is to take up a policy loan, where you will have to pay interest, and the other is to cash out the "cash value" of your policy.
Cash out the "cash value" will affect the final payout upon death.

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For Health Insurance & Health Care Experts: How Did The Health Insurance Mess In The U.S. Start,where,and Why?

Question by auntfran8 | Posted in Insurance

Once again,this seems to be a big topic with the presidential candidates,but,it's also an old issue.

When,where,how,and why did it get to be so out of hand?

Answer: Health insurance has been around for a long time. Used to be, people paid their own doctor bills and got health insurance only to cover catastrophic events (skiing accidents, cancer, the stuff that generated lots of big medical bills). They paid for it themselves.

After WWII, employers looked for ways to get the best employees, and since health insurance was cheap back then (!), decided to offer it as a benefit. To entice and keep good employees, they bought insurance that covered more health care costs, including the routine ones.

Now that people didn't have to pay for their own medical costs any more, doctors and hospitals felt free to charge more. After all,

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The Expert's Guide to Understanding How Your Life Insurance ...

by Miranda Marquit

Indeed, number crunchers working for the life insurance company, called actuaries, spend their time figuring out how different factors lead to possible mortality, helping to set your life insurance premium, based on information from others in... The longer you pay premiums, and the longer the money is available to work on the behalf of the insurance company, the more likely it is that paying your death benefit will not mean a loss for the company. The law of large numbers helps insurance companies figure out when you are likely to die, and this forms the basis of what you pay for life insurance coverage. When a life insurance company calculates your premium, it is done in a manner that reduces the chance of loss for the company upon your eventual demise....

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