Search found 1339 matches

Return to advanced search

Re: Car insurance... do you include car rental?

GEICO’s Rental Reimbursement coverage will pay $30 per day up to $900 max. Our premium for this is $36 per year. This is according to our policy declarations page. I couldn't find a copy of the coverage language. $900 benefit divided by $36 annual premium = 25 years. I'm not too concerned about the ...
by Quasimodo
Wed Jul 16, 2014 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car insurance... do you include car rental?
Replies: 33
Views: 2188

Re: How to admit/should I admit alcohol problem to employer

Great suggestions and advice from the others who have posted. As a recovering alcoholic for the last 28 years I can attest that stopping drinking with a recovery program improved my life in ways I could never have imagined. I give thanks every day for the many bad things that didn’t happen because I...
by Quasimodo
Thu Jul 03, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 111
Views: 13241

Re: Car Insurance For Non Car Owner

Excerpt from a personal auto insurance policy (section 1 is auto liability coverage): PERSONS INSURED Who Is Covered Section I applies to the following as insureds with regard to an owned auto: 1. You and your relatives; 2. Any other person using the auto with your permission. The actual use must be...
by Quasimodo
Thu Jun 12, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Car Insurance For Non Car Owner
Replies: 6
Views: 396

Re: Temporarily Dropping Car Insurance

You could notify your auto insurer that you’re selling your car and only need to continue hired and non-owned auto liability to cover you against lawsuits for an accident involving a car you rent or borrow. The premium will be a lot lower than when you insured an owned auto.

John
by Quasimodo
Wed Jun 11, 2014 9:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Temporarily Dropping Car Insurance
Replies: 13
Views: 1223

Re: Umbrella UM/UIM

Hi CowboysFan; From this website: http://www.firemansfund.com/personal-insurance/Pages/why-are-uninsured-drivers-a-risk.aspx "You can protect yourself and your family with an Uninsured / Underinsured Liability endorsement to a Fireman's Fund Prestige Excess® liability policy." "Firema...
by Quasimodo
Tue May 27, 2014 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella UM/UIM
Replies: 5
Views: 808

Re: Umbrella UM/UIM

Was this perhaps something an agent mentioned? Did either of those companies, or their agents, offer an example of what "un/underinsured liability" covers? Just curious. Maybe I need to buy some. I'm not being sarcastic.

John
by Quasimodo
Wed May 21, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella UM/UIM
Replies: 5
Views: 808

Re: Umbrella UM/UIM

Here’s one website that lists some insurers who offer excess uninsured motorists coverage: http://www.irmi.com/expert/articles/2011/hungelmann04-personal-risk-management.aspx (scroll down for link to stand-alone umbrella policy comparison chart) Not many companies offer excess UM coverage. The first...
by Quasimodo
Fri May 16, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella UM/UIM
Replies: 5
Views: 808

Re: "Bond investing: Is a bear still out there?"

Thanks for the chart, Nisiprius. Thinking about what life was like for me in 1950, and the many changes in the world that have taken place since then, it’s daunting trying to imagine all the changes going back into the 1800s. I can relate to the people mentioned in the American Enterprise article wh...
by Quasimodo
Fri May 16, 2014 4:05 pm
 
Forum: Investing - Theory, News & General
Topic: "Bond investing: Is a bear still out there?"
Replies: 34
Views: 2397

Re: "Bond investing: Is a bear still out there?"

Interesting article Quasi for a historical perspective on yields. I am sure this has been cited elsewhere, but what is the hypothetical return (real and inflation adjusted) for an investor that held US treasuries over the entire period, dividends reinvested. Sorry, I don't know. I'd also be interes...
by Quasimodo
Fri May 16, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: "Bond investing: Is a bear still out there?"
Replies: 34
Views: 2397

Re: Website to get umbrella quotes

Here are a few websites that claim to offer online personal umbrella quotes: https://pijas.travelers.com/get-a-quote-now/entry.html?lob=UMBR&sponsor=&path=request https://ebiz.rlicorp.com/AppPupGuest/default.aspx http://www.safeco.com/umbrella-insurance https://forms.cpai.com/personal-insura...
by Quasimodo
Tue May 13, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Website to get umbrella quotes
Replies: 7
Views: 407

Re: How Much Uninsured Motor Vehicle Insurance?

Some links to discussions of UM claims process: http://www.all-about-car-accidents.com/resources/auto-accident/auto-insurance-issues/suing-uninsured-driver-for-damages “In general, an uninsured claim progresses in the same way as a regular car accident insurance claim, except that the claim is again...
by Quasimodo
Mon May 12, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2746

Re: How Much Uninsured Motor Vehicle Insurance?

One article that discusses reasons for carrying uninsured motorists coverage: (Scroll down for the article) http://www.bestinsurance.com/car-insurance/do-i-need-uninsured-motorist-coverage.aspx Some excerpts: “Some of the damages that are included in uninsured motorist coverage include disability, p...
by Quasimodo
Mon May 12, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2746

Re: Investing in Gold/Silver Coins

I would like to read of a golden instance where a person reports first-hand that they used gold or silver coins in an emergency. One person. First-hand. Please. I think the only time I have heard of this is getting smuggled out of East Germany, but this was second-hand. My only golden instance was ...
by Quasimodo
Sun May 11, 2014 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold/Silver Coins
Replies: 37
Views: 2593

Re: Career Path [Working in insurance sector]

I was a business insurance underwriter for 25 years, and worked for insurance agencies another 5 years. Before that I worked as a health insurance underwriter. I thought all the previous posters had wise advice. My subjective personal opinion is that a big part of the insurance business is disillusi...
by Quasimodo
Sun May 11, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career Path [Working in insurance sector]
Replies: 10
Views: 867

Re: Umbrella excess liability policy

If I don't carry uninsured motorists coverage and I am injured by an uninsured motorist, then whatever other insurance I have, such as major medical coverage, will be my only recourse. Here is one article that offers advice regarding uninsured motorist coverage: http://www.carsdirect.com/car-insuran...
by Quasimodo
Mon May 05, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19293

Re: Should I be concerned: auto vs. umbrella insurance

Umbrella policies are designed to provide limits in excess of the primary auto and general liability limits. So if the umbrella insurance company requires $250,000 primary auto liability limits, and you have those limits, then after the primary auto insurance pays their policy limit of $250,000, the...
by Quasimodo
Sat May 03, 2014 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned: auto vs. umbrella insurance
Replies: 34
Views: 3233

Re: Should I be concerned: auto vs. umbrella insurance

I agree with tfb's description of how the limits work. You could ask for a copy of the umbrella policy if you don't already have one and read the section that describes "underlying" or "primary" limits along with how the umbrella limits work. Personally, I wouldn't be too bothere...
by Quasimodo
Sat May 03, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned: auto vs. umbrella insurance
Replies: 34
Views: 3233

Re: Should I be concerned: auto vs. umbrella insurance

I would guess that Allstate needs to limit their amount of liability because of reinsurance requirements. Even large insurance companies spread the risks they take on by sharing premiums and limits of liability with other companies, which is called reinsurance. Requirements of a particular company's...
by Quasimodo
Sat May 03, 2014 4:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned: auto vs. umbrella insurance
Replies: 34
Views: 3233

Re: $22 million reason for umbrella?

This seemed an easy-to-read legal discussion:

http://www.chicagofamilylawblog.com/106071-print.html

Excerpt:

“Some states cap the amount of damages for which parents are liable to pay to a few thousand dollars, while other states may hold parents liable for unlimited amounts.”

John
by Quasimodo
Thu May 01, 2014 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: $22 million reason for umbrella?
Replies: 42
Views: 3870

Re: Umbrella excess liability policy

One article that gives some advice on determining how much umbrella coverage to buy: http://www.insuranceqna.com/liability-insurance/buying-umbrella-insurance.html A reinsurance company discussion of umbrella claims: http://www.genre.com/knowledge/publications/insurance-issues-201309pu-en.html One c...
by Quasimodo
Mon Apr 28, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19293

Re: Umbrella excess liability policy

Lawsuits that are large enough to require an umbrella liability policy are uncommon and unpredictable. I wonder about the accuracy of trying to calculate one’s chances of being involved in a large personal liability lawsuit. One metric I would consider is comparing the umbrella premium to how much y...
by Quasimodo
Sun Apr 27, 2014 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19293

Re: Umbrella excess liability policy

Hi Darin: From the standpoint of so-called “likelihood of loss”, any level of umbrella liability insurance is going to be low on the scale. Still, in our society with more attorneys than any other country, it is difficult to know with any certainty where the dollar limit would be as to how much I mi...
by Quasimodo
Sun Apr 27, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19293

Re: Umbrella excess liability policy

Perhaps I misunderstood Darin’s post, but I’ll try to address one of the questions. I used to be an umbrella underwriter for business clients. Sometimes a business would want umbrella limits higher than one company could provide, so they’d buy the limits in layers from several different insurers. On...
by Quasimodo
Sat Apr 26, 2014 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19293

Re: Umbrella excess liability policy

I don’t claim to know the answer to Pasour’s question, but here are links to some articles with various suggestions:

http://www.nytimes.com/2012/11/03/your- ... wsuit.html

http://www.investopedia.com/articles/re ... dawall.asp

John
by Quasimodo
Sat Apr 26, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19293

Re: Auto Insurance advice?

I can understand why automobile medical payments insurance would seem unnecessary or redundant with health insurance. Here is a link to one article that discusses some reasons for considering auto medical payments coverage: http://www.bankrate.com/finance/insurance/why-you-need-medpay-in-car-insuran...
by Quasimodo
Fri Apr 25, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Auto Insurance advice?
Replies: 14
Views: 3040

Re: Auto Insurance advice?

I’m not familiar with special requirements in MA, but I’ll try to comment. The following are general comments on automobile insurance. Your carrying uninsured motorists limits the same as your bodily injury liability limits is a good idea in my opinion. Separate limits for “medical” and “medical pay...
by Quasimodo
Mon Apr 21, 2014 11:10 am
 
Forum: Personal Consumer Issues
Topic: Auto Insurance advice?
Replies: 14
Views: 3040

Re: Contractor not licensed but insured

Thought I'd post a reply to get your question moved up on the forum. Here is a website that discusses some of the issues with unlicensed contractors: http://www.angieslist.com/articles/what-are-risks-hiring-unlicensed-contractor.htm I have no personal experience with this. Maybe someone with first h...
by Quasimodo
Fri Apr 11, 2014 4:22 pm
 
Forum: Personal Consumer Issues
Topic: Contractor not licensed but insured
Replies: 15
Views: 983

Re: Property and Causalty Insurance

One possible approach would be to contact Progressive Insurance and GEICO and ask for quotes. (These companies deal directly with their customers) You might also contact an independent agent who represents multiple companies such as Travelers, Aetna, Hartford, Fireman’s Fund, Chubb and others, and a...
by Quasimodo
Wed Apr 09, 2014 4:32 pm
 
Forum: Personal Consumer Issues
Topic: Property and Causalty Insurance
Replies: 4
Views: 389

Re: Reviewing my insurance now that I have money

An umbrella liability premium just isn’t that significant (ours is $105 a year for a$1M limit), and along with the insurance limits you get a team of insurance attorneys seriously interested in defending you against a lawsuit for a fraction of the cost you would have to pay to hire lawyers yourself....
by Quasimodo
Tue Apr 08, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reviewing my insurance now that I have money
Replies: 6
Views: 754

Re: Umbrella Policy, do you have hands on experience

Thanks for your kindness, Kenner. I appreciate your thoughtful comments as well.

John
by Quasimodo
Mon Apr 07, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy, do you have hands on experience
Replies: 15
Views: 1736

Re: Umbrella Policy, do you have hands on experience

I guess there could be some other legal decision that addresses libel, slander and false arrest and nullifies the policy language. I would wonder what the reasoning was for a state to invalidate insurance coverage for those things . John Please post the insurance policy language you refer to. I wou...
by Quasimodo
Mon Apr 07, 2014 12:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy, do you have hands on experience
Replies: 15
Views: 1736

Re: Investing in foreign government bonds - theory and pract

I'm not qualified to answer your questions, but in case you haven't already seen it here is a link to a Vanguard discussion of the hedging strategy for their International Bond fund: https://personal.vanguard.com/us/insights/audio/IC-IntlBond-03192013 Part of my retirement savings is invested in Van...
by Quasimodo
Sun Apr 06, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: Investing in foreign government bonds - theory and practice
Replies: 19
Views: 1277

Re: Umbrella Policy, do you have hands on experience

Umbrellas are basically an extension of your homeowners and auto policies liability protection. They usually cover the same things and do not cover other things. Not quite correct. Umbrella policies typically cover thing like libel, slander, and false arrest, which are normally not covered by homeo...
by Quasimodo
Sun Apr 06, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy, do you have hands on experience
Replies: 15
Views: 1736

Re: Umbrella Policy, do you have hands on experience

Thankfully I have no experience with a personal umbrella claim filed against me, but it’s easy to google search for links to actual claim examples: http://www.rlipersonalumbrella.com/scenarios.asp http://www.galleninsurance.com/wp-content/uploads/2011/08/10-Actual-Claims-On-a-Personal-Umbrella-Polic...
by Quasimodo
Sat Apr 05, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy, do you have hands on experience
Replies: 15
Views: 1736

Re: Auto Accident Advice

When I asked GEICO, they said they wanted to be notified in the case of an accident. The policy says in part: "...the contract states that as soon as you can after an accident, we must be notified.   ...we want to be notified so that we can cover your incident in the event that the other party ...
by Quasimodo
Fri Apr 04, 2014 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Auto Accident Advice
Replies: 31
Views: 1824

Re: Automobile Medical Payments

I’m not knowledgable about Obamacare because my wife and I have Medicare and a supplemental health insurance policy. Those coverages don’t always pay 100% of medical bills because there are dollar limits for some procedures and treatments, and the health care could cost more than our insurance will ...
by Quasimodo
Thu Apr 03, 2014 1:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Automobile Medical Payments
Replies: 21
Views: 1439

Re: Consequences of a failed HO insurance company...

Here’s a website that discusses “Guaranty Associations” for property and casualty insurers: http://www.figafacts.com/faq Excerpt: “Guaranty associations are active in every state, the District of Columbia, Puerto Rico and the Virgin Islands. State laws require that licensed property and casualty ins...
by Quasimodo
Tue Apr 01, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consequences of a failed HO insurance company...
Replies: 12
Views: 1055

Re: [Poll] Which of These Types of Investments do you Own?

Total World Stock fund
Total International Bond fund
Gold mining Stock index
Physical gold stored in Canada

I checked the poll choice "Total International Fund", as there didn't appear to be a choice for the Total World Stock fund.

John
by Quasimodo
Sat Mar 29, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Which of These Types of Investments do you Own?
Replies: 24
Views: 2439

Re: Does This Person Need Umbrella Ins Coverage?

Can one purchase umbrella insurance from a different provider than their other insurers? I currently have home and auto insurance with seperate companies. Here's one website that discusses umbrella insurers that will write coverage over a different auto and homeowners insurer: http://www.irmi.com/e...
by Quasimodo
Mon Mar 24, 2014 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4987

Re: Does This Person Need Umbrella Ins Coverage?

Hi Ken;

I guess I better watch what I put in those letters to the editor.

“If you haven't got anything nice to say about anybody come sit next to me.” - Alice Roosevelt Longworth

Thanks for the research.

John
by Quasimodo
Sun Mar 23, 2014 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4987

Re: Does This Person Need Umbrella Ins Coverage?

Hi Kenner. I live in Colorado. Is that what you meant?

John
by Quasimodo
Sun Mar 23, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4987

Re: Does This Person Need Umbrella Ins Coverage?

Out of curiosity I looked over our GEICO umbrella liability policy. The policy covers “personal injury”, and defines that as including, among other things, “libel, slander, defamation, humiliation...”. While the policy excludes “acts committed by or at an insured’s direction with intent to cause per...
by Quasimodo
Sun Mar 23, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4987

Re: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild

Hi 1210; You are right that a total loss would be subject to the coverage limits. If you insure 80% of the replacement cost, and it’s a total loss, you only get 80% of the replacement cost. (Assuming a replacement cost basis) As a former insurance underwriter, I can relate to cynicism about the moti...
by Quasimodo
Sat Mar 22, 2014 12:43 pm
 
Forum: Personal Consumer Issues
Topic: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild" ??
Replies: 8
Views: 643

Re: How important are Int'l Bonds?

I thought the previous posters offered a sensible discussion of pros and cons of international bonds. My personal view, as a nervous older investor: An objective reason to consider investing in international bonds is that they represent the largest asset class - larger than US bonds, US stocks or in...
by Quasimodo
Sat Mar 22, 2014 12:03 pm
 
Forum: Investing - Theory, News & General
Topic: How important are Int'l Bonds?
Replies: 44
Views: 4312

Re: Automobile Medical Payments

Here's one article that advocates buying auto medical payments coverage http://www.bankrate.com/finance/insurance/why-you-need-medpay-in-car-insurance-1.aspx Some of the reasons given in the article are that auto med pay covers expenses your health insurance won’t pay for, such as ambulance fees, ch...
by Quasimodo
Sat Mar 22, 2014 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Automobile Medical Payments
Replies: 21
Views: 1439

Re: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild

Hi 1210; With an 80% coinsurance clause, the insurer expects you to buy an amount of insurance equal to 80% of the insurable value, which may be replacement cost or replacement cost less depreciation (actual cash value). If you meet this requirement, they will pay 100% of any covered loss, partial o...
by Quasimodo
Fri Mar 21, 2014 8:47 pm
 
Forum: Personal Consumer Issues
Topic: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild" ??
Replies: 8
Views: 643

Re: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild

In your first paragraph you said the agents were using “purchase price/market price” as a basis for their quote. In your last paragraph you said the agents were offering replacement cost coverage. These are different methods of determining the amount of insurance. You said the “in house guy” quoted ...
by Quasimodo
Fri Mar 21, 2014 7:19 pm
 
Forum: Personal Consumer Issues
Topic: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild" ??
Replies: 8
Views: 643

Re: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild

I would start by asking yourself why you are buying the insurance. Do you want to be able to rebuild the house if it burns down? Is a bank loan involved, where you need to satisfy the bank's insurance valuation requirement? If so, that would indicate you want to use replacement cost as a basis for i...
by Quasimodo
Fri Mar 21, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: One Ins. Co uses "Mkt Value" other uses "Cost to Rebuild" ??
Replies: 8
Views: 643

Re: Purchasing car + home + umbrella from different companie

Agree with previous comments advocating policies with the same company, but here's a website that offers some advice if you decide to buy an umbrella from a different insurer: http://www.irmi.com/expert/articles/2011/hungelmann04-personal-risk-management.aspx Scroll down for a link to a "stand-...
by Quasimodo
Tue Mar 18, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchasing car + home + umbrella from different companies.
Replies: 8
Views: 829
Next

Return to advanced search