Reader Mail

June 2005 - Posts

I am selling my condo in Rhode Island and the buyers need to have flood insurance. I currently have flood insurance on my building and contents. The buyers have told me that their insurance company says I need an elevation plan before they will issue a Read More...
Posted on June 2,2005

I am going to sell my house. It is 18 years old and has its original roof. The roof is sound and does not leak. It is of a Timberline architectural shingle that has a 30-year warranty. I have had the vent boots replaced and caulked around them as Read More...
Posted on June 2,2005

I am inquiring about Liability Insurance. I own a mobile Hair Dressing Company, in Canada. We are about to sign a contract with a Condominium complex and one of their requirements is that we have Third Party Liability Insurance. Can you please let me Read More...
Posted on June 2,2005

I am looking for business insurance. I think the one I have is ripping me off. Answer: You've come to the right place! We just happen to have links to trusted sponsors that might help you in your search for good business insurance. Go to Read More...
Posted on June 2,2005

I'm trying to research which vehicle overall has the best rate for auto insurance. I am looking to buy a new vehicle and would like something economical. I currently have a van and I do have 2 small children, both in car/booster seats at the moment. My Read More...
Posted on June 2,2005

Please let me know if there is an insurance company in my vicinity that sells insurance on properties that are being rented out. We have inherited a house and are currently renting it out to friends. Many insurance companies that I have contacted say Read More...
Posted on June 2,2005

I live in a 4-unit detached condo, in California. Each unit is owner-occupied. The HOA is self-managed. We are looking for property and liability insurance that will provide full coverage for the individual units as well as the common areas. How do I go Read More...
Posted on June 2,2005

Are employers obligated to provide disability insurance for their employees? Answer:  No, employers are not obligated to provide disability insurance. It is at their discretion. But you should have it. Even a short illness of less than 6 months can be Read More...
Posted on June 2,2005

California just changed some of its flood insurance zones. How do I find out what those new zones are? I recently paid $450.00/year of insurance I don't think I need.Answer:  I'd suggest that you contact the California Department of Insurance. These Read More...
Posted on June 2,2005

I just obtained a couple of potential settlement statements from Ameriquest Mortgage Company. Both have Title Insurance listed as a line item cost. I refinanced this house in June of 2003 and did not have any title insurance on it. I simply paid the fee Read More...
Posted on June 2,2005

I am looking into creating a community car group, where many people all share one car, each driving it infrequently and only when really necessary. Do you know of any very cheap ways to insure many people for one car? Maybe a family plan?Answer: Great Read More...
Posted on June 2,2005

Are Labrador Retrievers insurable for Renter's Insurance in the state of Florida? Answer:  The issue of pets and insurance comes up frequently. The challenge for you as a renter is finding an insurance company who will provide coverage for your pet Read More...
Posted on June 2,2005

My son was pulling a boat on a trailer out of a friend's yard and hit the neighbor's truck. Would I be covered on any of my auto or home policies? Answer:  It's possible that you might have coverage. It depends on your son's age, whether he is on your Read More...
Posted on June 2,2005

I am trying to sell my house and I have it under contract, but the buyer said that he can't get flood insurance unless I raise the grade of the land surrounding the house, so that the distance between the vents and the ground is 12 inches. I understand Read More...
Posted on June 2,2005

Our community will be celebrating our fire department's 50th Anniversary in May. We plan to have a week long community event for this occasion. The event will include a smoke detector drive, car seat/seat belt safety, chimney/wood stove safety, fire Read More...
Posted on June 2,2005

Is there a form of disability insurance for older adults (40 to 50) with a physical impairment (from polio as a child)? The disability is not life threatening. This person can perform some working functions to support him or herself, but part-time and Read More...
Posted on June 2,2005

I am a small business employer. If I have an employer-paid long-term disability insurance policy and an employee goes on long-term disability, how long do I continue to pay the premiums? Answer: Given how important this issue is, both for you and your Read More...
Posted on June 2,2005

I received a W2 form for disability money received from my employer while I was disabled. I paid additional money, through payroll deduction, to carry this disability insurance. Is the money I received taxable? I live in the state of Read More...
Posted on June 2,2005

I have recently been informed that my insurance agency will not renew my condo property and liability insurance because I am a non-resident owner. They have provided this coverage thru April 1, 2005 claiming they had no information from the Broker that I Read More...
Posted on June 2,2005

Does an indemnity policy for contents always mean the value of the things you own will be depreciated? Answer:  No, it doesn't. However, the 'basic' policy offered by an insurance company will generally use depreciation. This level of coverage is the Read More...
Posted on June 2,2005

Can you email me any Long Term Disability info you have? Definitions? Eligibility options? Etc.? Answer: I suspect you are in the middle of researching Long Term Disability and what kinds of coverage you might need. Might I suggest that you read through Read More...
Posted on June 2,2005

What kind of insurance should I look into? I am operating a furniture delivery business. We are operating right now with U-hauls, but will soon have our own trucks. This will mean hiring more drivers and helpers who will be in and out of customers' homes Read More...
Posted on June 2,2005

I am a 45-year-old female living in NH and my funds are tight. My employer doesn't offer it, but I would like to get dental insurance. I would like coverage for bi-yearly cleanings and any problems that arise as I get older. Can you make any suggestions? Read More...
Posted on June 2,2005

Do you have a recommendation for the amount of auto insurance? I have found that local insurers are either interested in being the least expensive (and therefore you are under-covered) or they are interested mainly in their commissions (and therefore you Read More...
Posted on June 2,2005

I am retired and now live in a third floor apartment in South Carolina. I do have renter's insurance, but not flood insurance. However unlikely that a flood would reach my level, it is possible. Can I get flood insurance to cover my personal property? Read More...
Posted on June 2,2005

I am interested in reading the latest news of all insurance companies. I'm also interested in all the monthly or periodical editions that contain details of all insurance companies, including their products, their results, their performance and any other Read More...
Posted on June 2,2005

My car insurance has lapsed due to a bad financial year. When the payment came due, funds came up NSF. This has happened twice because payments were higher than I had been quoted, and then payments were not debited on the day I expected. After this Read More...
Posted on June 2,2005

Can you purchase flood insurance if your lender does not require it? What zones are flood insurance available for?Answer: Indeed, you can buy flood insurance even if your lender does not require it. This is completely up to you. You can get some kinds of Read More...
Posted on June 2,2005

We are vendors in 2 farmers markets. We'd like to extend our specialty sauces into different craft shows. However, we noticed that a few of the more prominent shows are requesting a copy of liability insurance along with their application. Could you give Read More...
Posted on June 2,2005

I need advice on how to research a title insurance company's background. Where can I find the rating of the title insurance company's stability? In the case of a problem, who insures the title insurance company? What if they go bankrupt? Do title Read More...
Posted on June 2,2005

I have some questions concerning title insurance. Is this insurance optional? How much should one expect to pay for the coverage?Answer: Yes, title insurance is usually optional. Your lender may require that you pay for it to cover the asset (and Read More...
Posted on June 2,2005

Quite a few years ago we included "flood insurance" on our homeowners policy that we thought would cover any damages caused by water during a storm. Items such as water backing up through an overburdened sewer system and the possibility of asump pump Read More...
Posted on June 2,2005

Do you write rental property policies?Answer: We don't write any kind of policy here! We are here to give you more information about insurance. That's our primary purpose. If you want more information about rental insurance, check out our link at Read More...
Posted on June 2,2005

What specifically does flood insurance cover besides the structure and its contents?Answer: Every policy can have unique variations. Some policies may include money to live somewhere other than your home while repairs are being done. Some policies may Read More...
Posted on June 2,2005

I own a condo and recently had damage to my garage door and garage door opener. I assumed the condo association would pay for it and they assumed my insurance would cover it. To make a long story short, no one wants to pay for it. Can you give me any Read More...
Posted on June 2,2005

I'm buying a home. At closing, I was told I should consider buying a second title insurance policy because the one I was required to purchase by my lender only covers the lender for claims and does not cover me. I'm told this will cost me about ¾ of what Read More...
Posted on June 2,2005

Is there a company or company rep in Alberta, Canada selling livestock insurance?Answer: If you check out the page http://www.insuranceguide101.com/farm-insurance/livestock-insurance.aspx, you'll find a section at the top of the page called "Farmers Read More...
Posted on June 2,2005

I have a friend that wants to drive a friend's car in the USA. The car owner is American citizen and he has American car insurance. She only has a German driver's license and she is not a US citizen. He says he has an insurance policy that allows other Read More...
Posted on June 2,2005

My vehicle was recently broken into and a lot of stuff was taken from it. Now, I have to go through the car insurance company to replace my stereo. Is it true that I have to go through home insurance to replace the other belongings that were stolen? Read More...
Posted on June 2,2005

Given the same coverage for an older home, is there a difference in cost or ease of reimbursement/replacement value between an agent inspecting the house prior to a quote and a policy written without an inspection?Answer: Anything you can do to better Read More...
Posted on June 2,2005

I live in a condo and suffered damage from the hurricanes. Our insurance man for "our condo contents" acted quickly and responded immediately and we received payment for that portion.The "condo" adjuster for the condo association did not show up until Read More...
Posted on June 2,2005

When a person receives disability payments after three-months-off of work (because of surgery) do they claim these payments as income on the year-end income tax return? Does the insurance company send a statement or do you use your check slips as proof Read More...
Posted on June 2,2005

Can you send us the name of a company that offers Pet Life Insurance?Answer: I'm not familiar with pet life insurance. The most common pet insurance is actually pet health insurance. In fact, I was unable to find a listing for any pet life insurance Read More...
Posted on June 2,2005

Does my stock in my stock room have to be on planks or elevated to a certain height before I can claim insurance in case of flooding? If I have endorsements and one is for landslip, do the conditions relating specifically to landslip apply to the other Read More...
Posted on June 2,2005

I operate a small consulting business for school boards in Ontario, Canada. Do you have a Canadian subsidiary where I can request insurance info? What type of insurance should I carry for my business? Answer:You can get insurance information right Read More...
Posted on June 2,2005

I am musician seeking information about disability insurance policies to provide coverage for professional musicians. Do you have available a list of companies who offer disability policies and where to contact them? Answer: I did a search on the web, Read More...
Posted on June 2,2005
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