Enjoy the free Classified Ads! 24HourForums.com Home Thank you for supporting us. Click to enter Posts Of The Day.
Recent Posts Search by username
Search Contact Us Login Register
When logged in, click this to open up the Jumper for easier navigation. Click for details on our forum system in the Forum Center.
Click to be shown the (Top 10 and Management) forums listed in the top section of the site. Click to be shown the (Supported) forums listed in the middle section of the site. Click to be shown the (UnSupported) forums listed in the bottom section of the site. Click to learn about, or pay for, forum Sponsorships. Click for the Official Forum Voting Poll. VOTE! Click for info on owning a forum here at 24.

24HourForums.com > Supported Forums > 24's Money Business > Insurance 101

Share this topic...
Digg!  - Digg   Slashdot  - SlashDot    - del.icio.us    - Reddit    - StumbleUpon   - Facebook

 Moderated by: 24HourNut Page:  First Page Previous Page  1  2  3  Next Page Last Page  

New Topic
Reply
Print
AuthorPost
DesertRat
Forum-Blogger©
Pioneer100© Member


Joined: 
Location: Kiribati
Posts: 991
MyResume: 
MyJob: Insurance
MyForum: 
MyLove: My Lord and Savior Jesus Christ, My Wife & kids
MyWish: Can't we all just get along?
MyFile: [Download]
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 03:57 pm

Quote
Reply
PM
Alert
voters: 0      
Louis wrote: Is the insurance provided by exterminating companies for future termite damage any good ?

That is one I'm not familiar with. Is it truly insurance or is it simply a warranty? Is there a premium being charged?

Ads appear if not logged in.

Louis
Guest
 

Joined: 
Location:  
Posts: 
MyResume: 
MyJob: 
MyForum: 
MyLove: 
MyWish: 
MyFile: 
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 04:09 pm

Quote
Reply
PM
Alert
voters: 0   
DesertRat wrote: Louis wrote: Is the insurance provided by exterminating companies for future termite damage any good ?

That is one I'm not familiar with. Is it truly insurance or is it simply a warranty? Is there a premium being charged?

I guess it would be more of a warranty, they guaranteed up to 1.1 million $ against termite damage on my house if I pay them to do the annual inspection.
DesertRat
Forum-Blogger©
Pioneer100© Member


Joined: 
Location: Kiribati
Posts: 991
MyResume: 
MyJob: Insurance
MyForum: 
MyLove: My Lord and Savior Jesus Christ, My Wife & kids
MyWish: Can't we all just get along?
MyFile: [Download]
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 06:08 pm

Quote
Reply
PM
Alert
voters: 0      
Louis wrote: DesertRat wrote: Louis wrote: Is the insurance provided by exterminating companies for future termite damage any good ?

That is one I'm not familiar with. Is it truly insurance or is it simply a warranty? Is there a premium being charged?

I guess it would be more of a warranty, they guaranteed up to 1.1 million $ against termite damage on my house if I pay them to do the annual inspection.

So basically they're saying that if they do annual inspections (I'm assuming you pay for the inspections) they will cover any damage they find during the inspections. Let's say there is no damage but they notice a recurrence of infestation, do they eradicate the bugs for free as part of the inspection fee or is that an additional charge?
Louis
Guest
 

Joined: 
Location:  
Posts: 
MyResume: 
MyJob: 
MyForum: 
MyLove: 
MyWish: 
MyFile: 
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 01:58 pm

Quote
Reply
PM
Alert
voters: 0   
I think everything is included in the annual inspection fee.  I will have to investigate further when I get home, I'm in Mexico working.
mh0825
Guest
 

Joined: 
Location:  
Posts: 
MyResume: 
MyJob: 
MyForum: 
MyLove: 
MyWish: 
MyFile: 
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 08:51 am

Quote
Reply
PM
Alert
voters: 0   
Are you an adjuster or an agent?
mh0825
Guest
 

Joined: 
Location:  
Posts: 
MyResume: 
MyJob: 
MyForum: 
MyLove: 
MyWish: 
MyFile: 
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 08:55 am

Quote
Reply
PM
Alert
voters: 0   
Just a note to all of you out there. The normal HO Policy excludes Flood Damage from your policy. Don't be one of the families that get's hit by a flood and be devestated because you didn't have flood insurance.
DesertRat
Forum-Blogger©
Pioneer100© Member


Joined: 
Location: Kiribati
Posts: 991
MyResume: 
MyJob: Insurance
MyForum: 
MyLove: My Lord and Savior Jesus Christ, My Wife & kids
MyWish: Can't we all just get along?
MyFile: [Download]
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 07:46 pm

Quote
Reply
PM
Alert
voters: 0      
mh0825 wrote: Are you an adjuster or an agent?
I am an Agent
g097103
Original500© Member
 

Joined: 
Location: Tampa
Posts: 1038
MyResume: 
MyJob: 
MyForum: 
MyLove: 
MyWish: 
MyFile: 
MyIntro: [Download]
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 07:52 pm

Quote
Reply
PM
Alert
voters: 0      
OK, so why does my boat insurance have a clause in it that says I won't be covered for any claims in the event I install a reactor?:D
DesertRat
Forum-Blogger©
Pioneer100© Member


Joined: 
Location: Kiribati
Posts: 991
MyResume: 
MyJob: Insurance
MyForum: 
MyLove: My Lord and Savior Jesus Christ, My Wife & kids
MyWish: Can't we all just get along?
MyFile: [Download]
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 07:59 pm

Quote
Reply
PM
Alert
voters: 0      
g#s wrote: OK, so why does my boat insurance have a clause in it that says I won't be covered for any claims in the event I install a reactor?:D


Good question!!

 

I'm not sure why that would be excluded :dunno:

 

:shock:
g097103
Original500© Member
 

Joined: 
Location: Tampa
Posts: 1038
MyResume: 
MyJob: 
MyForum: 
MyLove: 
MyWish: 
MyFile: 
MyIntro: [Download]
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 08:10 pm

Quote
Reply
PM
Alert
voters: 0      
DesertRat wrote: g#s wrote: OK, so why does my boat insurance have a clause in it that says I won't be covered for any claims in the event I install a reactor?:D


Good question!!

 

I'm not sure why that would be excluded :dunno:

 

:shock:

I asked an agent that once at a party and her comment was "I don't think I want to know you." :giantgrin:
DesertRat
Forum-Blogger©
Pioneer100© Member


Joined: 
Location: Kiribati
Posts: 991
MyResume: 
MyJob: Insurance
MyForum: 
MyLove: My Lord and Savior Jesus Christ, My Wife & kids
MyWish: Can't we all just get along?
MyFile: [Download]
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 08:14 pm

Quote
Reply
PM
Alert
voters: 0      
g#s wrote: DesertRat wrote: g#s wrote: :dunno:OK, so why does my boat insurance have a clause in it that says I won't be covered for any claims in the event I install a reactor?:D


Good question!!

 

I'm not sure why that would be excluded 

 

:shock:

I asked an agent that once at a party and her comment was "I don't think I want to know you." :giantgrin:

:blink:
JustifiedByFaith
Pioneer100© Member

Playing to a different drummer
Joined: 
Location: Pacific Northwest, USA
Posts: 8631
MyResume: 
MyJob: 
MyForum: Politics & Religion
MyLove: Not of this world...
MyWish: 
MyFile: [Download]
MyIntro: 
MySex: Male
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 04:59 am

Quote
Reply
PM
Alert
voters: 0      
Back when A.L. Williams started I sold term insurance. I still own a term insurance policy. My friend who is an agent for New York life keeps trying to upsell me too one of the new Universal Life or other savings/insurance combo products and I still say no. If I want a savings plan I will invest elsewhere. When I die, I want my family to have a lump sum of money and not some confusing pay back / low coverage/ or borrow back policy.




"We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." - Plato
DesertRat
Forum-Blogger©
Pioneer100© Member


Joined: 
Location: Kiribati
Posts: 991
MyResume: 
MyJob: Insurance
MyForum: 
MyLove: My Lord and Savior Jesus Christ, My Wife & kids
MyWish: Can't we all just get along?
MyFile: [Download]
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 04:04 pm

Quote
Reply
PM
Alert
voters: 0      
JustifiedByFaith wrote: Back when A.L. Williams started I sold term insurance. I still own a term insurance policy. My friend who is an agent for New York life keeps trying to upsell me too one of the new Universal Life or other savings/insurance combo products and I still say no. If I want a savings plan I will invest elsewhere. When I die, I want my family to have a lump sum of money and not some confusing pay back / low coverage/ or borrow back policy.

Understandable, but what if you outlive the term policy? Purchasing another policy after the current term expires is more expensive, assuming your medical status has not changed and you can still qualify for life insurance or the amount you need.

Aso, on death there is no confusion regarding the payout of a death benefit. Your beneficiary(s) get the full death benefit paid out tax free in a lump sum.
JustifiedByFaith
Pioneer100© Member

Playing to a different drummer
Joined: 
Location: Pacific Northwest, USA
Posts: 8631
MyResume: 
MyJob: 
MyForum: Politics & Religion
MyLove: Not of this world...
MyWish: 
MyFile: [Download]
MyIntro: 
MySex: Male
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 11:29 pm

Quote
Reply
PM
Alert
voters: 0      
DesertRat wrote: JustifiedByFaith wrote: Back when A.L. Williams started I sold term insurance. I still own a term insurance policy. My friend who is an agent for New York life keeps trying to upsell me too one of the new Universal Life or other savings/insurance combo products and I still say no. If I want a savings plan I will invest elsewhere. When I die, I want my family to have a lump sum of money and not some confusing pay back / low coverage/ or borrow back policy.

Understandable, but what if you outlive the term policy? Purchasing another policy after the current term expires is more expensive, assuming your medical status has not changed and you can still qualify for life insurance or the amount you need.

Aso, on death there is no confusion regarding the payout of a death benefit. Your beneficiary(s) get the full death benefit paid out tax free in a lump sum.


True, once a term expires the monthy premium is higher for the next term policy. But I would rather pay a higher premium to offer my loved ones considerable more money upon my death than a small premium and coverage that would barely cover my death and a few of my smaller bills...

See my point DesertRat?




"We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." - Plato

Ads appear if not logged in.

DesertRat
Forum-Blogger©
Pioneer100© Member


Joined: 
Location: Kiribati
Posts: 991
MyResume: 
MyJob: Insurance
MyForum: 
MyLove: My Lord and Savior Jesus Christ, My Wife & kids
MyWish: Can't we all just get along?
MyFile: [Download]
MyIntro: 
MySex: 
Status:  Offline
MyPOTD: 
Return to topBottom of page
 Posted: 03:56 am

Quote
Reply
PM
Alert
voters: 0      
JustifiedByFaith wrote: DesertRat wrote: JustifiedByFaith wrote: Back when A.L. Williams started I sold term insurance. I still own a term insurance policy. My friend who is an agent for New York life keeps trying to upsell me too one of the new Universal Life or other savings/insurance combo products and I still say no. If I want a savings plan I will invest elsewhere. When I die, I want my family to have a lump sum of money and not some confusing pay back / low coverage/ or borrow back policy.

Understandable, but what if you outlive the term policy? Purchasing another policy after the current term expires is more expensive, assuming your medical status has not changed and you can still qualify for life insurance or the amount you need.

Aso, on death there is no confusion regarding the payout of a death benefit. Your beneficiary(s) get the full death benefit paid out tax free in a lump sum.


True, once a term expires the monthy premium is higher for the next term policy. But I would rather pay a higher premium to offer my loved ones considerable more money upon my death than a small premium and coverage that would barely cover my death and a few of my smaller bills...

See my point DesertRat?

I see your point and term insurance definitely offers a lower monthly premium for a higher death benefit but there does come a point where a term policy is no longer affordable, but the worse case scenario is your term expires and you no longer medically qualify for another term policy to replace it.

 Current time is 09:29 pm		Page:  First Page Previous Page  1  2  3  Next Page Last Page  
24HourForums.com > Supported Forums > 24's Money Business > Insurance 101


Site Supporters
Posts Of The Day Mock Forums WowClassic



Themes and most mods done in collaboration with: WowClassic - powerful forum software with the best support service.
We are partners with Forum Owner Services
Powered by WowBB 1.7 - Copyright © 2003-2006 Aycan Gulez