Search found 271 matches

by talzara
Sat Sep 16, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 5607

Re: Turned down for umbrella insurance

I do know how umbrella policies work. Gap may be the wrong term. What I meant is how much the umbrella policy would have to pick up after exhausting the underlying insurance. If you are really living below your means but want a large umbrella policy then that differential could be a lot larger than...
by talzara
Fri Sep 15, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2859

Re: Auto Insurance Question

I suspect that mileage (and date) that is recorded on my "Inspection Certification:Virginia State Police" is available to my insurance company. Or at least the mileage on my biannual "Vehicle Emissions Inspection Report". Carfax also collects odometer readings every time you get an oil change. Not ...
by talzara
Fri Sep 15, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 5607

Re: Turned down for umbrella insurance

Maybe getting more than $1MM umbrella coverage is analogous to a jumbo mortgage in a low to medium COL area. There isn't much demand for one so not everyone offers it. Your insurance company might not even be underwriting anything but $1MM policies. The fact that they expect the financial data to c...
by talzara
Fri Sep 15, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2859

Re: Auto Insurance Question

I suspect that mileage (and date) that is recorded on my "Inspection Certification:Virginia State Police" is available to my insurance company. Or at least the mileage on my biannual "Vehicle Emissions Inspection Report". Carfax also collects odometer readings every time you get an oil change. Ther...
by talzara
Thu Sep 14, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2859

Re: Auto Insurance Question

I'd shop around a bit and see if you can get your premiums lowered. Make sure you do a same coverage comparison. It seems like you are a bit of an outlier and you are being lumped into a group that pays a bit higher than what would be expected. That's already been done: So I guess for a general que...
by talzara
Thu Sep 14, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2859

Re: Auto Insurance Question

Interesting - This "association" puzzles me greatly. Of course, "association" does not demonstrate "cause", since bad driving may cause bad credit scores - or some other factor "causes" both bad credit score and bad driving. Insurance companies only have to demonstrate correlation, not causality. A...
by talzara
Thu Sep 14, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2859

Re: Auto Insurance Question

Yes, mileage is direct related to crash risk. Insurance companies have known about this effect for 100 years. However, people tend to lie about their mileage, so the insurance companies are reluctant to offer bigger discounts. The relationship of mileage to crash risk is reduced because high-mileag...
by talzara
Sat Jun 03, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance - Way higher rate than our friends??? Advice
Replies: 19
Views: 1593

Re: Auto Insurance - Way higher rate than our friends??? Advice

I was out to dinner with my wife and our closest friends (also husband and wife). They just got a new automobile policy with GEICO (which I saw with my own eyes so they were not lying about their price) and they are paying $800 less a year than I am paying and I simply cannot understand it. They pa...
by talzara
Sun May 21, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2859

Re: Auto Insurance Question

It's honestly just really frustrating that 'miles driven' doesn't seem to have much weight, when to me it seems like for the same customer, driving the same car, in the same area, if you cut your mileage in half, that should relate to a 30-50% reduction in premium. But it seems more like 5-10%. Yes...
by talzara
Sun May 21, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2859

Re: Auto Insurance Question

Other than making more money for the insurance company, is there any statistical or actuarial or scientific basis justifying using a credit report for setting premiums? Anecdotally, I know a lot of folks with great credit who are terrible drivers and those with less than perfect credit who are good...
by talzara
Sat May 20, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Convert EE Savings Bonds at Treasury Direct?
Replies: 8
Views: 1275

Re: Convert EE Savings Bonds at Treasury Direct?

There are 20-some maturing over the next seven years. Rather than cashing them one by one at a local bank, we're thinking of converting to digital format at Treasury Direct. My reading online at Treasury Direct suggests that a death certificate for "A" is needed to convert the bonds into ...
by talzara
Sat May 20, 2017 7:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard makes an impact in the England market
Replies: 13
Views: 1608

Re: Vanguard makes an impact in the England market

...which ones were you looking at? I figured the Target fund might have been one of the lower initial investment ones, as they are here, but I just see the same £100k figure. Edit: Hmmm, url tags not working as expected. Those URLs are for funds that are offered through Vanguard's old platform. Thi...
by talzara
Sat May 20, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard makes an impact in the England market
Replies: 13
Views: 1608

Re: Vanguard makes an impact in the England market

dougger5 wrote:Just checked a couple funds, and the initial minimum investments seem kind of on the high side - £100,000. Not real easy for the retail investor of modest means to get into, I'd think.


Which fund has a £100,000 minimum?

Every fund I checked has a minimum investment of £500.
by talzara
Thu May 18, 2017 11:41 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 9639

Re: Which Small SUV for 15 Year Reliability?

I was thinking the same, I've never heard of that site before today... The data format and the way they break it down is intriguing, but its odd that their charts include a number of long out of production models and even brands that folded. Where are they getting data from? What's odd about that i...
by talzara
Thu May 18, 2017 11:05 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 9639

Re: Which Small SUV for 15 Year Reliability?

Why is it that I have never seen dash-light.com mentioned in any forums as a reliable gauge of reliability until this thread? I agree that buying a particular model well into its typically 5-year generation life usually will increase your chances of better reliability. However, past performance doe...
by talzara
Wed May 17, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 4039

Re: Homeowner's Insurance & New Roofs

It seems like this is a giant loophole in the insurance process. A roof that is deteriorating because of age but then storms hit to make it worse...should a NEW roof be fully covered? Should an insurance company sell replacement value coverage and then not pay full replacement cost of something bec...
by talzara
Wed May 17, 2017 3:58 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 9639

Re: Which Small SUV for 15 Year Reliability?

I know all these vehicles are popular among Bogleheads, so basically I'm looking for reassurance that the average Subaru or Honda can make it for 15 years and my concerns are overblown. Either that or reassurance that it's worth paying more for a RAV4 that feels a bit outdated compared to the other...
by talzara
Tue May 16, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 3567

Re: recent widow needs help with life insurance payout options

I called the insurance company today to ask some detailed questions on Option 2 (the 3% interest option). The customer service department refused to give out any information other than what is already on the original policy contract: "We will hold the proceeds on deposit. Sums of $500 or more ...
by talzara
Tue May 16, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 40
Views: 6201

Re: Who really needs an umbrella insurance?

What happens if someone in the medical field (Dr, PA, etc) was sued beyond the limits of his malpractice policy? Would umbrella kick in? My understanding is that it doesn't. Basically, to my knowledge, it covers judgements in excess of limits on home/auto The standard umbrella policy language exclu...
by talzara
Sun May 14, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 3567

Re: recent widow needs help with life insurance payout options

Option 1. If you take any other option you're just buying another product from them. If you regret not having option 2/3 I think you can go back to them with your lump sum and they'll be able to sell you something at that point. If you choose option 1, then you are giving up options 2 and 3. The in...
by talzara
Sun May 14, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 3567

Re: recent widow needs help with life insurance payout options

You're not going to get nearly as good a deal with a purchased annuity. According to Immediate Annuities $200,000 buys $1,048 per month for a female age 65. This is a constant $12,576 per year which barely exceeds the $12,408 you're being offered for the first year . If you lived 20 years, this wou...
by talzara
Mon May 08, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 3985

Re: Individual health insurance

I bought insurance in the open market this year for the first time (for my wife and I) - retired last year (we are early/mid 50's). Options were limited (I live in NJ) - basically BCBS and Ameriprise. Ended up buying directly from Blue Cross and Blue Shield. Monthly premium for the two of us is ~$1...
by talzara
Mon May 08, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 3985

Re: Individual health insurance

New York is very different from most other states because it prohibits age-based rating. An 18-year-old pays the same amount as an 80-year-old, even though the 80-year-old costs a lot more to insure. There are actually two age groups, 18-64 and over 64. No age rating within these two groups. Mediga...
by talzara
Mon May 08, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 3985

Re: Individual health insurance

No way to take a guess at it based on the information you provided, but it will be very expensive, especially for they type of plan that you describe. You will have to see what is available on your local market. Not necessarily true. I've seen someone who wasn't eligible for the exchange get the sa...
by talzara
Mon May 08, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Individual health insurance
Replies: 59
Views: 3985

Re: Individual health insurance

Yea in NY really only HMO. Prices used to be approx $1300 for insurance. I called in years ago and got some quotes for individual not on employer insurance. For some reason since ACA prices came down and i was able to buy blue cross gold plan for about $600 less than half of my previous quotes. Pri...
by talzara
Mon May 01, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella policy
Replies: 23
Views: 3699

Re: Turned down for umbrella policy

I believe the insurance companies are trying to protect themselves from people who had an at-fault accident for which they fear a major lawsuit self-selecting into an umbrella policy to cover a possible pending liability. The policy holder has information about the accident that the insurance compa...
by talzara
Mon May 01, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella policy
Replies: 23
Views: 3699

Re: Turned down for umbrella policy

My family was turned down for USAA Umbrella due to an at-fault accident. The USAA rep said that 7 months later, we would be eligible for their umbrella as the accident would fall off, but could purchase USAA-supported umbrella insurance underwritten by one of Berkshire Hathaway's subsidiaries. We d...
by talzara
Sun Apr 30, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2472

Re: Umbrela Insurance is it worth?

he owns a home and a condo. That's not what he wrote: - I own home and have condo insurance. I read that to mean that he owns "a" home, which happens to be a condo. Otherwise, why buy condo insurance and not homeowners insurance? consider "sidewalk" a generic term, meaning all w...
by talzara
Sun Apr 30, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella policy
Replies: 23
Views: 3699

Re: Turned down for umbrella policy

I am not an insurance pro, but this, along with my Geico experience, tells me two things about how Geico thinks about writing umbrella policies. In discussions I've seen on umbrella policies, there are lots of "tripped on the sidewalk" type discussions, but it sounds like Geico believes t...
by talzara
Sun Apr 30, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella policy
Replies: 23
Views: 3699

Re: Turned down for umbrella policy

I don't think Geico "sells" umbrella policies. Rather they "sub-contract" those policies out to other companies. This is correct. Geico is an agent selling property insurance unwritten by other companies. My "Geico" homeowner's policy is from Travelers Insurance. We're...
by talzara
Sun Apr 30, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2472

Re: Umbrela Insurance is it worth?

If someone trips on your cracked sidewalk and hits their head they can sue you. Totally worth it IMO. He doesn't need umbrella for that. Sidewalk liability would be covered by the association's master insurance policy. Auto and home accidents are probably the most common lawsuits but you can also b...
by talzara
Sun Apr 30, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2472

Re: Umbrela Insurance is it worth?

I recently hit 2M net worth and looking to get a umbrella insurance to protect my assets. - I own home and have condo insurance. - I don't have Car and Don't Drive. When I called insurance company they said I must have car insurance to get umbrella coverage. one option they suggested is get no-car-...
by talzara
Mon Apr 17, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 141
Views: 15990

Re: Do you have an umbrella policy?

If your friend would have had PIP (personal injury protection) and under/uninsured coverage, his own insurance company would have compensated him for the cost of injuries the other party did not cover. Given the high costs of medical care, these low policy limits for liability should be disallowed....
by talzara
Mon Apr 17, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 141
Views: 15990

Re: Do you have an umbrella policy?

Telling people that you have liability insurance increases your chances of getting sued. No, it doesn't. They have to file a lawsuit to start the discovery process. You have no obligation to tell them this information until the discovery process begins. So you'd already be in a lawsuit before the o...
by talzara
Mon Apr 17, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Determine Cost Basis (when 1 JT TEN dies)
Replies: 5
Views: 640

Re: Determine Cost Basis (when 1 JT TEN dies)

My FIL died on 3/6/2009. My MIL is finally transferring Comcast stock into her name. On the form it asks for Cost Basis. One option is "Inheritance" It then wants date of death_______ and Fair Market Value Per Share_______ and then "For shares jointly held: Enter the number of shares...
by talzara
Thu Apr 13, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4969

Re: Will - what is complicated?

In most states, an unborn children is entitled to a share of the estate. The will would be interpreted as though the unborn child had been written into the will. I assume you mean to say children born after the will was made? There really isn't any such thing as an unborn child. The term of art is ...
by talzara
Thu Apr 13, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4969

Re: Will - what is complicated?

It seems to me that, except for some unusual gross screwups, the heirs (and other interested parties) either would not know or could not document that the will did not conform to the stated desires and intents of the deceased. Suppose, for example, that the deceased had three children, bit only nam...
by talzara
Wed Mar 29, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5576

Re: Geico insurance rate increase: 26.24% APY?

lol, good point. My APY calculation was not meant entirely seriously but added for shock value. I include the 6 month rate change as well and of course I understand the limitations. My only point with the APY change is that my rate had remained essentially unchanged for a year prior. Did the factor...
by talzara
Wed Mar 29, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Problem e-filing return (deceased primary)
Replies: 24
Views: 3234

Re: Problem e-filing return (deceased primary)

It probably wouldn't have annoyed me so much, but after typing in numerous 1099Rs only to find that effort was for nought..... well... Also, I remember the "good ol' days" when one could talk to an actual human being at the IRS. I wasted a lot of time trying to get a person. I did manage,...
by talzara
Tue Mar 28, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5576

Re: Geico insurance rate increase: 26.24% APY?

If this really is a significant issue (where the insurance company is earning much more in premiums related to risk on low mileage drivers), then it would seem to me that competition might cause it to change. BUT - it has not. Maybe there are other risk and cost factors involved? Maybe (just a gues...
by talzara
Tue Mar 28, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5576

Re: Geico insurance rate increase: 26.24% APY?

That seems to defy logic as I would think risk of accident is approximately proportional to number of miles driven. Crash risk is almost directly proportional to miles driven. Once you take out the other actuarial factors, the residual mileage risk is almost a straight line. Insurers have known abo...
by talzara
Tue Mar 28, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 37
Views: 3032

Re: Do I need title insurance?

But here is my honest (not rhetorical) question about Iowa's system, if you're paying $110 to the state for the underwriting, can you get a search and an opinion for $1,100? You can get it for a lot less than $1,100. In 1987, the state got into the business itself, establishing the nonprofit Iowa F...
by talzara
Mon Mar 27, 2017 7:09 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 37
Views: 3032

Re: Do I need title insurance?

Just a note on the 85% "commission" for the attorney or closing company: the reason the underwriter gets such a small cut is because they take almost no risk and don't do any work. The searcher takes all the risk onto their own E&O insurance for a bad search. The attorney takes all th...
by talzara
Mon Mar 27, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5576

Re: Geico insurance rate increase: 26.24% APY?

I have insurance through AARP with Hartford. Our car usage went down significantly during last year and the kids became very infrequent drivers after moving away, so I was expecting some reduction. Got the renewal policy recently and there's a $200 increase instead. They said rates went up in my ge...
by talzara
Mon Mar 27, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5576

Re: Geico insurance rate increase: 26.24% APY?

Yes, rates are generally going up across the board; State Farm reported $7 Billion loss in 2016. m Time to shop around, but you may be disappointed to find that Geico is still the cheapest. When your rate approaches that of Amica, switch to Amica. State Farm Auto made a $7 billion underwriting loss...
by talzara
Mon Mar 27, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5576

Re: Geico insurance rate increase: 26.24% APY?

With no changes in personal situation (other than turning 25yo), my policy with Geico in the state of California increased 12.35% over the prior 6 month period, which is 26.24% APY. A call to a GEICO agent suggested that there was nothing personal (just business!) about my rate increase: it was acr...
by talzara
Thu Mar 23, 2017 6:41 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 37
Views: 3032

Re: Do I need title insurance?

It is a scam in my opinion (at least the high price). An attorney typically is doing a title search so they should be liable. Also, the price here (Chicago) for it is ridiculous. Typically $600-$900 here for a typical place. As you said, rarely paid out and if they do, tends to not be on the whole ...
by talzara
Wed Mar 15, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: Do many banks "secretly" have private deposit insurance covering excess above $250,000?
Replies: 51
Views: 6462

Re: Do many banks "secretly" have private deposit insurance above $250,000?

Just to be clear about my own question... suppose you have a normal FDIC-insured bank and you put $400,000 into one, ordinary, single account. Thus, $250,000 is insured by the FDIC and $150,000 is not insured by the FDIC. The bank rep was suggesting that some banks have a situation that is exactly ...
by talzara
Wed Mar 15, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: Do many banks "secretly" have private deposit insurance covering excess above $250,000?
Replies: 51
Views: 6462

Re: Do many banks "secretly" have private deposit insurance above $250,000?

I've worked for three different banks over 11 years and have never heard of such a thing. Doesn't mean it doesn't exist, but it would certainly come as a surprise to me and is certainly not something "most" banks offer. I can say for sure that none of the banks I've worked for had additio...
by talzara
Wed Mar 15, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: Do many banks "secretly" have private deposit insurance covering excess above $250,000?
Replies: 51
Views: 6462

Re: Do many banks "secretly" have private deposit insurance covering excess above $250,000?

The rep laughed and said, "Well, you should check with bank X. I can't really speak for them but I have an account there, and they do have non-FDIC insurance [that covers amounts beyond the first $250,000]." She added that "most banks do." And I said "Funny they don't say s...