Covering all issues involving insurance
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In the event that someone is
injured on my property and they ask us to file a claim to cover their medical
insurance co-payments, would the injured party's medical insurance refuse to
make payment? Would my homeowners insurance be liable for the full medical
payments vs. just the co-payments? Answer: I have heard of people filing claims to cover their co-payments; however, the problem is that the original medical insurance may then deem that they are not responsible for any of the cost. So, it is possible that the injured party's medical insurance would then refuse to pay, and would push the full cost of any medical treatments to the homeowners insurance company. If your homeowners insurance is deemed to be liable, it would be for the full medical payments in this case, and not just the co-payments.
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Both my parents are still living (thank goodness), but I see them getting older and increasingly frail. I haven't
asked my father, but I'm assuming that he has some plans in place for
his final arrangements. My mother, who is separated from my father and
is not well off, probably has no arrangements.
How can I help better prepare the family
for the eventual loss of Mom and Dad without hurting my parent's feelings? I
am more concerned about burial insurance for my Mom as she has poor health from long years of over-drinking. Is
it possible to set something up for her without her without telling her? Answer: It's tough for us as our parents get older. This is a difficult time, full of emotion and concerns. Because it's not just a "logical" thing, it's also harder to suggest the right course of action for you. However, I think your best approach is to speak with your mom and offer to take out either a small life insurance policy or funeral insurance policy for her and pay the premiums. You cannot take out life insurance on another person without having that person sign papers for it. Funeral insurance may or may not pay enough for a funeral, as many policies depend on you paying premiums for some time before a death occurs. So, you'll have to bite the bullet and have the uncomfortable conversation, to discuss the options. I suspect that the easier route to a suitable benefit to cover funeral expenses is actually life insurance; there are a number of companies that offer "life" insurance for those who are elderly, at relatively low cost, without any medical questionnaire. These policies typically have a lower face value than life insurance for a younger person, but generally offer a big enough benefit to pay for the expense of a funeral and burial. However, the person who is the beneficiary of the insurance policy would have to be willing to pay for the cost of the funeral. True funeral insurance can pay benefits directly to a funeral home or funeral arranger, without having to depend on the "trustworthiness" of a person designated to pay for a funeral.
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Where can I go to find how insurance companies are ranked? I'd like to know how Mercury Insurance is ranked compared to Liberty Mutual, CSAA, Geico, Progressive, etc.
Answer:
It depends on the kind of ranking that you are looking for. If you want financial rankings, check out A.M. Best. They are one of the best (no pun intended) financial rating agencies.
If you want to know how these companies do in terms of customer service and claims disputes, you should check with your Department of Insurance. You can find your state's Department of Insurance at the NAIC website: http://www.naic.org/state_web_map.htm
If you live outside of the US, you should have a corresponding insurance regulator or overseeing body.
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My husband and I have misplaced our long term care policy copy. How do we contact Genworth to obtain a new copy?
Answer:
Here is the contact page from their website: http://www.genworth.com/genworth/contact_us.jsp
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I am looking for American Income Life Insurance Company.
Answer:
Here is their website: http://www.ailife.com/main/default.htm
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I have Alberta Blue Cross coverage. I found out I have osteoarthritis and I need to go to physotheopy. I was wondering if it would be covered throgh my Blue Cross coverage. I have group 2007, section c2, single choice plan c.
Answer:
I can't get access to your specific plan because I'm not a member of the plan or of Alberta Blue Cross. You'll have to contact Blue Cross directly. They have a toll free number for general inquiries, and that person may be able to tell you if physiotherapy is covered. The number is: Toll-free 1-800-661-6995
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I own a carpet and tile installation business. I keep all of my
inventory in a warehouse. Two weeks ago, the warehouse next to mine caught
on fire due to a heat lamp that was kept on over night for a
reptile. My warehouse has sustained water and smoke damage.
Luckily no fire damage. However, thousands of dollars in inventory is
lost.
It is now two weeks later and no one, even my own
insurance company, is willing to help me.
My insurance company instructed me to contact the neighbors' insurance
company. My neighbors' insurance company tells me that they are
not liable for the damage in my warehouse. My insurance company then refers me to the owners of the warehouse.
They tell me that they are not liable for the damage in my warehouse.
Who's is responsible in this case, based on the facts above? If I file a claim with my insurance company, will my rates go up?
We are unable to work in the office due to the smoke damage. It
triggers my asthma and my husband is oxygen dependent.
The water logged carpet is beginning to rot and mold. We need to
start cleaning up and fast! I am losing business and need help. What can we do?
Answer:
This is an insurance horror story if ever there was one.
Based on a quick read of the facts as you state them, I would suggest that you will have to sue your neighbours for the damage, and their business liability insurance will cover the loss (if they have it). Otherwise, your neighbours will have to pay for your damages. But, it appears to me on first read that your damage is a result of their negligence, so they are responsible and payment will have to come from either them or their insurer.
Get a lawyer right away. I would think it's your only option, given the position taken by your insurer and your neighbours' insurer.
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I am interested in a
catastrophic medical insurance plan for a family of 4.
Answer:
This kind of coverage is also called major medical health insurance. This kind of coverage typically has high deductibles and low premiums. Most of these plans will only pay for hospital stays, surgery, intensive care and other high-priced care. Generally, you will be paying for doctor's visits and any other procedures that are less than the deductible.
The deductible will usually be $500 or more. In addition, you may face a lifetime cap on the amount of benefit that you can receive from the insurer. The cap will normally be between about $1 million and $3 million. If you reach this cap, your insurer will no longer pay your claims, and your policy will be voided.
Generally, pregnancy care will not be covered.
As a result, this type of policy is usually preferred by the young and healthy (who aren't expecting any major medical occurrences) or middle aged adults from 50 to 65, are still healthy, no longer have dependents and have enough money to cover their medical expenses. The attraction of these policies is that they are MUCH cheaper than other kinds of health insurance.
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Some years ago, my firm at the time had a pension plan with the Yorkshire-General Life Assurance Co Ltd. 2 Rougier Street, York and it was frozen when I left. I have now reached 65 and wish to redeem it. Please can you tell me how to contact them, if they still exist.
Answer:
The only record I've been able to find for this company is a record in the National Register of Archives in the UK. It looks from the record as if it ceased doing business in 1969. I am unable to determine from the record I've found whether there is another company that took over Yorkshire-General's assets and liabilities.
The online item I found lists another archive: Aviva Company Archive. I'd suggest checking with them to see if they can give you any additional information.
I'd also consider checking with the Financial Services Authority. You can find them at: http://www.fsa.gov.uk/. They may be able to help you out as well.
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Can you give the phone number of Connecticut General Life
Insurance Company?
Answer:
It is (860) 226-6000.
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We hope you can help us for Bark a thon 2007. It is scheduled for May 20, 2007 starting at 9 A M. This important event is fast approaching and we want your help and we need you to be involved. We need to secure and submit a Certificate of Liability Insurance for the
event.
Answer:
We are not an insurance company, so you cannot get a certificate of liability through us. You'll have to approach some insurance companies who insure events. If you check out this link, you'll find some companies that provide special event liability insurance.
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Is life insurance taxable?
Answer:
In most cases, no.
If you live in Canada, life insurance benefits that the beneficiary of your policy receives
are non-taxable. Here's another interesting point: if your beneficiary is a spouse,
child, or grandchild, the benefit is 100% protected from creditors of
your estate. So the person you want to receive this benefit gets paid before any creditors get paid. As a result, it protects any inheritance that you intend for a specific person.
In the US, the actual life insurance benefit is non-taxable. However, any interest on the life insurance benefit IS taxable. It's a much more complex situation, and I'd check with a tax professional to be sure that any policy that you purchase will meet your needs.
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In Ontario there is a
provision OES 27 that covers a secondary driver on a rental car
accident. Is there such a provision in Quebec?
The question I have is: my boyfriend has an insurance policy and I am covered under this policy as the second driver. I was in a car accident with a rental car, rented under my name. Should our car insurance policy cover the costs that I am claiming?
My family's insurance agent in Ontario would cover the claim but the insurance company in Quebec refuses.
What action can I take if any? Answer: I don't know if you have any recourse here. Given that you are covered on an insurance policy as a second driver, it depends on whether you have the same full coverage as your boyfriend. Are you actually named on his policy? If you are, that will make a difference.
It's also possible that your insurer doesn't want to pay this claim because they don't want it to be well known that your insurance policy should cover you in case of a car rental accident. Insurers and car rental agencies make an astonishing amount of money on those high-priced rental policies that they try to sell you when you rent a car. By not buying a policy, you are raining on their parade!
The last factor here is Quebec provincial law. For an expert in that, you'll need a Quebec lawyer.
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I am trying to find out the rating for Bankers Life Annuity. Are they A rated?
Answer:
I looked up Bankers Life at the A. M. Best website. I found 7 companies that start with "Bankers Life". If you have more information about the company you are interested in, you can take a look here and verify which company is the one you want the rating for.
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I want to know if there is a guide to consumer satisfaction with insurance companies. I've seen several financial rating guides, but if the company is very well off financially, but they are terrible when a disaster happens, then their financial stability is useless to me. Comparing quotes does not help either if the insurance company will do anything they can think of to either not pay or delay payment when there is a major loss how much you pay a month is not relevant.
Answer:
You make an excellent point regarding insurers: just because they are making money doesn't mean that they give good customer service. In fact, in some cases the ones making the most money can be the worst with customer service, especially if they are also publicly traded.
There isn't any "customer satisfaction" guide for insurance companies. The next best thing is to check with your Department of Insurance (if you live in the US). They keep a record of complaints lodged against insurers operating in their state. You can check the NAIC site for a search tool that will take you directly to your local
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