Why Isn't Health Insurance Open To The Individual Nationwide Like Auto/home Owner Insurance Is?
Question by Kelly B | Posted in Politics
Wouldn't making any policy, from any company, anywhere in the country also significantly bring down the costs?
EDIT: In the interests of being fair here I have to say that I am totally in support of a single payer health system..........but in the event that probably isn't going to happen wouldn't opening the market also make insurance cheaper?
Answer: gomaneys... that's the half truth... so now, there's going to be a sole BIG company that's able to establish in every state and undercut established companies. that kind of negates your argument in a way doens't it? Why wouldn't it be good for companies to cross state lines and see if compettition does occur for the good? It would be an easy "baby step" instead of changing the whole system all at one.
Reason For Home Owners Discount In Auto Insurance?
Question by Jar | Posted in Insurance
What are the economic reason for discount in "Auto Insurance" if the person is also a home owner?
I see that even if the home owner insurance is not with the same carrier as Auto Insurance but still auto insurance company gives the home owner discount. And if it is with the same company then it is called "multiple policy" discount.
Also, One of the person has been renting and has the car garage, but that person did get the discount for garaged car but it was less than the home owner discount.
How does the probability of accident or other loss decrease with home ownership?
Answer: Well, when it's with the same company, it's all about policy retention - if you have both your auto and homeowners with the same company/agent, you're more likely to renew them both, with the same company. If you only have one, the other agent is going to try to take that other policy from you.
Regarding a homeowners discount for homeowners, that really is a loss ratio thing. If you can be responsible enough to manage to own a home, then that responsibility generally translates into driving slightly more responsibly, or at least having fewer claims dollars paid out.
You CAN get the credit just as equally, though, with a RENTERS policy as with a homeowners policy.
Has Anybody Dropped Their Auto Insurance Or Home Owner's Policy To Save Money?
Question by budget strapped | Posted in Insurance
Some states allow you to prove "financial responsibility" instead of purchasing auto insurance. If you don't have a mortgage, nobody will force you to buy homeowner's insurance. Has anybody done it? How does it work? and would you recommend it? I think insurance -- any insurance -- should ONLY be purchased if it is a good deal financially, and if not, why should you if you are willing and financially able to take the risk yourself? Shouldn't it be a goal to become self-sufficient whereever possible?
I would like to hear your comments.
Answer: Hi again, your friendly insurance guy again. :)
Plenty of people drop their insurance to save money. Is it a good idea? That depends.
Each person's situation is different. Some people have the financial means to self-insure. Insurance is something a consumer purchases to push risk away from himself or herself. If you have the means to recover from any loss, no matter how severe, you probably don't need to insure against it except as a convenience.
The thing to keep in mind, however, is that the real risks consumers should use insurance to push away from themselves are the BIG risks, not the small ones. Health insurance, for example, is at its
Can Home Owner Insurance Be Used To Pay For Auto Accident?
Question by annmarie_tpg | Posted in Insurance
guy who t-boned my car says he is going to pay for it using home owners ins., how? his auto ins. lapsed 9 days prior to wreck. help me understand
unfortunately uninsured motorist covers bodily only in AZ & I Only have LIABILITY :(
Answer: He can't.
The standard home owners policy policy specifically excludes automobile liability.
There is no way around this.
Unless he plans on filing committing insurance fraud and filing a false claim against his homeowners (like a staged theft) and collecting that money to pay you - there is no other way. Given that this is insurance fraud and a crime - you would want no part of that.
His homeowners insurance company will not cover a auto accident.
About Personal Insurance - car insurance, home owner insurance Car Insurance Quotes Online
You can use these internet quote forms to get policies for yourself, and for everbody in your family. You can even research all of the available ...
What would be best amount of auto & homeowner insurance to have ...
by admin
I can tell you what I usually tell people: you take out half million limits on your auto and homeowners, then get the umbrella policy with whatever REAL limits you need. It’s not hard to buy million dollar increments, up to ten million. You need to have an umbrella policy that covers your assets, PLUS three to five years income. Try getting in touch with a local insurance agent or two to help you analyze your situation. Figure out what your stuff is worth, and add your projected income for the next three years, and round up to the next million. You are smart for considering an umbrella.
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