[NY] Thinking about starting up my software consulting business again. Have an LLC. Do I still need E&O Insurance? Insurance |
- [NY] Thinking about starting up my software consulting business again. Have an LLC. Do I still need E&O Insurance?
- Do you get car rental coverage with your auto policy?
- Am I at fault?
- Dealing with insurance during settlement of civil litigation for a mold case
- Application of coinsurance before application of deductible?
- Vehicle Total Loss on an Island in Alaska
- How do I find out if I was a beneficiary of a life insurance policy of a deceased family member?
- Not very experienced with health insurance. Need some clarification please!
- Independent agents, what is a "normal" commission rate for work comp insurance?
- No Car Insurance, Hit By At Fault Driver
- Property Insurance: Emergency Situation
- Getting ready for procedure- Doctors are in-network but facility is not. Advice?
- Limited release after settlement with my insurance - GA, USA
- Should I call my insurance company?
- What Auto Insurance should I have for parked car in driveway
- After Damage Adjuster appointment. (auto)
- Denied umbrella policy because I run a home business?
- Parked car hit by drunk driver, dealing with permissive use.
- [Canada/QC] Home insurance refuses insurance for water-damaged electronic "because it works"
- Best individual health and dental coverage?
- Insurance is going up more than double
- Parent as cosigner on loan to make insurance payment cheaper?
- Transferring car insurance but leaving car in storage for 6 months
- (WI, USA) Are lost wages (Sick Days) "taxable" during the settlement process?
- What happens if the not-at-fault driver never claims claim?
| Posted: 06 Mar 2018 03:35 PM PST The LLC has very few assets, so I'm not worried about it being sued, and E&O insurance is very expensive. On the other hand, I don't want to risk losing my home. I do have a personal umbrella policy, homeowners, auto, motorcycles, etc. with Allstate. Any thoughts? [link] [comments]  |
| Do you get car rental coverage with your auto policy? Posted: 06 Mar 2018 04:14 PM PST I have been a car insurance customer with my auto insurance company for 4 years and I pay for "Car Rental and Travel Expenses Coverage." When I had an accident where another car hit me and they were at fault, the dealership gave me a car at no cost while they fixed my auto. I am wondering if I really need to be paying for this and if you do? Coverage: Limit - Car Rental Expense Each Day, Each Loss $16 $400 $7.21 / 6 mos [link] [comments]  |
| Posted: 06 Mar 2018 10:21 AM PST I was parked on the side of the road, I had just gotten out of the car with my door still opened. This guy loses control of his car, scraps the back of my car and clips my door. Now the insurance is saying I could be at fault because my door was open. https://imgur.com/a/kEblG Reasons I don't think I'm at fault:
Advice? [link] [comments]  |
| Dealing with insurance during settlement of civil litigation for a mold case Posted: 06 Mar 2018 02:30 PM PST Currently involved in a landlord tenant mold case where I (landlord) was sued by the tenant. My insurance company is involved and is providing representation however has provided a reservation of rights letter. We are currently in the discovery phase however I could use advice as we approach the settlement phase. Any comments on the mediation process when insurance is involved? Any pitfalls to avoid? Thanks in advanced [link] [comments]  |
| Application of coinsurance before application of deductible? Posted: 06 Mar 2018 02:02 PM PST Last year, I purchased a pet insurance policy that carried a 40% coinsurance and $750 deductible. I came to discover the coinsurance is applied before the deductible, which drastically reduces the amount I can claim. As a matter of fact, when accounting for the cost of the premiums paid over the life of the policy, my pet's medical costs would have been lower had I left him uninsured. Is this standard practice, and should I have simply known better? Are there any statues protecting consumers from this sort of arrangement? This seems totally contrary to my understanding of deductibles, and I'm wondering if I have any course for restitution, or if this just an expensive life lesson I've just learnt. I'm a California resident, for what it's worth. [link] [comments]  |
| Vehicle Total Loss on an Island in Alaska Posted: 06 Mar 2018 07:07 PM PST I live on an island in Alaska which recently experienced a pretty nasty windstorm, causing a large spruce tree to fall on my 2002 Honda CR-V. The damage was substantial and the collision repair shop said it was a total loss. I have comprehensive coverage on the vehicle and have initiated an insurance claim. Here's the issue: this island has one car dealership (Ford) and nearly all buying and selling of vehicles occurs through a Facebook group where individual parties post their car and arrange to meet in person to complete the sale. In this case, how will the insurance company determine the actual value of the car? My CR-V was a sought after vehicle here, due to its 4WD and Honda nameplate, and would have likely sold for much higher than KBB indicates. Additionally, due to the logistics nightmare it is to transport a vehicle here (multi-day ferry ride), ALL vehicles are considerably more expensive on the island than in the lower-48. What is the best way to ensure I get the best value from my insurance claim? What data can I provide to the agent and what argument would be most effective? [link] [comments]  |
| How do I find out if I was a beneficiary of a life insurance policy of a deceased family member? Posted: 06 Mar 2018 08:51 AM PST Hi r/insurance. I have an unusual situation. In 2001, my grandfather passed, leaving my sister and I $25,000 each. My sister was paid out hers via a third party company, the executor of the estate never touched it. She was an adult when my grandfather passed. I was 11, so as a minor, the money somehow went to my father. Long story short, we're now estranged and he had put the money into a 529 at 11. I am now 28 and attempting to take control of my inheritance to complete my college education. I have a copy of the will, no mention of the money left to either of us appears here. This is what makes me think my sister and I were beneficiaries of a policy. How would I find out this information, especially if I don't have his birth or death date or SSN? [link] [comments]  |
| Not very experienced with health insurance. Need some clarification please! Posted: 06 Mar 2018 04:20 PM PST Hi all! So this is my first week at my new job and today we got a booklet about our health coverage options. The benefits lady went over it through a PowerPoint but here's where I'm confused. She says after your deductible, the insurance pays 95% of your medical expenses. But this booklet says coinsurance is 95%. Doesn't that mean the opposite of what she said? Also, for hospital procedures it says "deductible + 5%" but I'm not sure if that's what I'm paying or what the insurance is paying. I added a photo of the booklet for clarification. I just need some help understanding this! Also, if it helps, I'm in Texas. [link] [comments]  |
| Independent agents, what is a "normal" commission rate for work comp insurance? Posted: 06 Mar 2018 04:10 PM PST Just looking for some ballpark figures. I've heard 2% and I've heard 20% and I have no idea what's closer to reality. [link] [comments]  |
| No Car Insurance, Hit By At Fault Driver Posted: 06 Mar 2018 03:55 PM PST Hello /r/Insurance I am wracking my brain about this, so at the very least it helps to let others know what I'm going through. I was on a family insurance plan for myself and some family. I was (and am) in the process of changing everything over to myself, including the car title, and separate insurance. A few days ago, I was driving and was involved in a non-serious minor collision with another car. At the time, I assumed I had insurance. The policy was set to renew on 2/28, and while I had spoke of moving off of it, nothing was to my knowledge set in stone. I was planning on switching insurance on my payday (this Friday) I will describe the incident in a reply if this post gets a response, but as it was there were no injuries, and both vehicles were drive-able. Since we were at a busy intersection, we both pulled over and exchanged our insurance and contact information. I thought nothing of it and continued to work. Now I'm pretty sure he was at fault, but I figured the insurance agents would take our statements and it would be worked out. Now after work to my surprise I received a call from a family member stating that they got off the phone with the insurance people and they told me that not only had they taken me off the insurance, nobody in the family was insured to drive the car. It was registered in a relative's name, yet to be transferred to myself, so the claim was denied. In essence, I was involved in an accident while having no insurance. I immediately scraped together some cash and purchased a policy to make sure I was covered, but too little to late for this instance. I know I should have done it earlier, and I feel terrible. If I had known for sure I would have done it earlier. This is the first time I've been responsible for my own insurance, and I intend to do the right thing (whatever that is). Now the guy involved filed a claim with his insurance, and his car will be evaluated tomorrow. At this point I do not know what to do. I think I have a pretty strong argument that he was at fault, but since there was no police report and no witnesses that we stopped before we parted ways, I don't know how to defend myself. Pile on top of the fact that I was uninsured at the time, and I feel totally helpless even though I was not (at least totally) at fault. I've been researching this as best I can, and it looks like my only real option is just waiting for his insurance to come after me, and work out some kind of payment plan to help cover his cost. The other option I've seen is to work with paying him directly and hope he doesn't sue, but this sets me up for being exploited if he keeps asking for money and I give it to him with no paper trail. So I ask, what should/can I do? I'm not completely poor, but I don't have tons of money to spend on a lawyer and I'd just like to do the right thing and move on with my life. Thanks for reading my long-ass post. [link] [comments]  |
| Property Insurance: Emergency Situation Posted: 06 Mar 2018 03:39 PM PST A friend of mine personally owns a house that they rent out through AirBNB. While waiting for their new policy to be approved, they cancelled their previous policy. Their new policy wasn't approved. It is in their mortgage contract that they must have property insurance. If they do not find insurance today they will be without it by tomorrow and in breach of their mortgage contract. NO ONE IS OFFERING TO ISSUE THEM A NEW INSURANCE POLICY TODAY. Will the property be repossessed? What is the best course of action to take? [link] [comments]  |
| Getting ready for procedure- Doctors are in-network but facility is not. Advice? Posted: 06 Mar 2018 03:31 PM PST I have to have an out patient procedure. My doctor and anesthesiologist are in-network Cigna, however the Surgical facility is not. I'm being told that the facility is currently in contract negotiations with Cigna but as of the time of my procedure it will not be in-network. I have already asked the facility if they would give me in-network costs and they said no. Does anyone have any experience negotiating this down? Should I call Cigna? I need to have this done ASAP so it's not like I can wait a few months. Any advice is appreciated. [link] [comments]  |
| Limited release after settlement with my insurance - GA, USA Posted: 06 Mar 2018 03:20 PM PST I rear-ended a car back in October and the other party went through a lawyer to submit a bodily injury claim to my insurance. The demand letter showed about $15k in medical expenses and my insurance paid out my limit of $25k to include pain and suffering (no lost wages as the person did not work). The party signed a limited release, stating they were going to pursue an underinsured claim with their own insurance. My adjuster told me their car insurance had a reduced uninsured/underinsured policy for $25k, which would mean they wouldn't get anything out of that policy. The adjuster said there were other policies this party was exploring, possibly an umbrella policy. I somehow doubt this party has an umbrella policy that covers underinsured motorist claims, since I read that's rare to have. I'm just wondering what other kinds of policies exist that would cover this. It seems the law firm would not pursue uninsured/underinsured business if they knew there wouldn't be a payout. Ultimately I'm worried about subrogation, of course. I know I should have a higher liability limit, but I can barely afford things as is. Any answers/advice would be appreciated. [link] [comments]  |
| Should I call my insurance company? Posted: 06 Mar 2018 02:26 PM PST Back Story Time: Upon discharge from the hospital I was instructed to take my daughter to the pediatricians within 48 hours for another bilirubin test because her levels were in the "at risk" zone. We went to the doctor the day after discharge and the next day(LO is 4 days old) we were instructed by that same doctor(who we will NEVER go back to) to go to the hospital to be admitted so she could go through UV therapy. Upon admitting the pediatric hospitalist(who was sweet and apologetic about how long we were there) decided not to admit her because her levels were much lower, meaning that they were going down on their own. So I took my 4 day old daughter through the dirty ass ER, waited 2 hours to be seen, and five hours to be admitted, FOR NO GOOD REASON, but okay, we at least know she's not going to suffer permanent damage from being jaundiced. So, I got my first bill for delivery so I decided to look at my EOB's, and looked at hers too. The ER visit was filed through hers so now I owe $1,200 for sitting in the dirty ass ER for seven hours to be told she's absolutely fine. Obviously I know I took up their time and their bed but shouldn't it be billed under my deductible? I was under the impression that all of her visits would be filed under me for 30 days or is that just how long you have to add LO's? Or is it retroactive from birth? I saw that her labs from our hospital stay are billed under her too, but the follow-up pediatrician we visited after going to the ER is billed under ME. The same pediatrician filed 3 claims on her even though we've only visited twice. We love him and he's been in practice for twenty years so I don't get it; maybe it's an office error? Should I call and ask them about what's going on with my claims? Anyone with experience with insurance companies care to set me straight or give me some advice? [link] [comments]  |
| What Auto Insurance should I have for parked car in driveway Posted: 06 Mar 2018 08:08 AM PST I live in PA and have 2 fully insured vehicles (max everything). The one is having major auto issues that I can't afford to fix in the near future, so it's going to remain parked in my offstreet driveway. I'm very neurotic about making sure I have the best coverage possible so that if something happens, it's taken care of. But since this car will not be driven at all, I know that my current, "max everything" approach is surely overkill and a waste of money. My question is what kind of coverage should I have and still be covered in case someone swerves off the street and hits the car, or a hail storm beats the hell out of it, etc. Any direction would be great on this as I don't expect the insurance company to give me non-biased advice. Thanks! [link] [comments]  |
| After Damage Adjuster appointment. (auto) Posted: 06 Mar 2018 09:47 AM PST Insurance: Geico Had an appointment for my insurance damage adjuster to look at my car few weeks ago. The car was hit in on the side from someone merging into my lane which led to damage in rear quarter panel and driver door. The value of my car (pre-collision) was matched against 8 other cars in my area and found to be around ~6k, and the damage/labor cost to repair will lead to total loss. I want to keep the car and the insurance adjuster knows this also even though it will be a rebuilt/salvage title after repairs. Insurance adjuster emails me with a PDF that has base price of car (not the check) along with how the insurance company came to that value. My questions are: 1: Are insurance companies (Geico) flexible with how you can negotiate your car's value. 2: Body shop time: i'm looking to get the car repaired. However, I want to make the right move. Should I disclose the amount insurance is willing to give me to the body shop or not. If I do, they could possibly try to "use" the full amount to fix it. I ask this because my insurance adjuster told me not to disclose the amount, however the body shop asked how much insurance will give. Thanks [link] [comments]  |
| Denied umbrella policy because I run a home business? Posted: 06 Mar 2018 08:55 AM PST I'm a single-member LLC. Business address is my home, but no customers/clients ever come here. Its literally just a home office for me to work in. But Progressive this morning said they wouldn't even offer me a quote for umbrella insurance because I run a business out of my home. Never heard of this requirement before - is this an industry-wide thing or just some weird new issue with Progressive? [link] [comments]  |
| Parked car hit by drunk driver, dealing with permissive use. Posted: 06 Mar 2018 12:21 PM PST So a couple days ago, my car parked in my apartment complex was crashed into by a drunk driver along with two other vehicles. It is currently still in the parking lot, unable to drive. I was given a police report number, their insurance policy number and they were arrested with a DUI. I have liability coverage through USAA since it's not really too valuable a vehicle, and didn't consider full coverage. Lesson learned, because this situation would easily be handled if I had collision. Never doing liability again. From what I was told, they were given permission to drive the vehicle, but the insurer of the vehicle hasn't contacted their company (State Farm) from what I've been told. If the driver of the vehicle wasn't given permission to use the vehicle, could they basically tell me to "go kick rocks" and leave me with having to deal with the repairs/replacement or lawyering up? Can they just let something like that go, even with a police report and multiple witness accounts? It'd be pretty lame if that's the case. [link] [comments]  |
| [Canada/QC] Home insurance refuses insurance for water-damaged electronic "because it works" Posted: 06 Mar 2018 11:39 AM PST Hi, I've been a little dumbfounded by my home insurance... I'll like advices on what to do next. Here's what happened : About a month ago, a pipe burst in my landlord's building (floor above mine) and spilled water through the holes around the pipe on my ceiling directly over my desk. I'm quite a fan of video games, so you guessed it, there's quite a lot of electronics on my desk and around it. This means: my gaming pc, 2 screens, an xbone controller, a set of flight stick (HOTAS), my gaming keyboard, my gaming mouse, etc. It took almost a month from the initial insurance claim to finally get a response on what would be covered: nothing. They claimed that their "water damage electronic expert" (some company specialized in restoring electrical components) tested everything (I contacted him directly, he didn't test everything because he couldn't) and everything is "working" (basically it powers on). They say they insure "damage" only, and since everything "works" (powers on), they wouldn't be covering anything. I'm completely baffled by that. When I took my controller right after the pipe burst, there was water leaking from the jack port underneath it. Electronics + water, everyone knows this is a dangerous cocktail and what can work right now could be completely dead the week after. And they guy didn't even test the functionality of most of the stuff, only if it "powers on". I argued with the insurance guy about the definition of "damage". There was no such definition in my insurance policy contract, but looking at their website, they especially make a distinction between "damaged" and "destroyed". Looking a the definition of "damaged", it explicitly says :
The guy wasn't helpful at all, still arguing that "if it works, it's not damaged". So now I'm wondering what to do. I asked to speak to the insurance guy's supervisor. There's a 24 to 48 hours delay, so I wanted to get as much info as possible about what to do before talking to the supervisor. Just some info: it's right under 5K in damages. The insurance guy tries to say that what really "doesn't work or couldn't be tested" is under the 500$ deductible, so as to deny the claim. Any advices? Thanks a lot PS: I posted this over r/LegalAdvice, but I've been told it might not be up to legal action just yet. [link] [comments]  |
| Best individual health and dental coverage? Posted: 06 Mar 2018 11:34 AM PST I just left a company that provided benefits and I'm going into something new where they don't offer benefits. I'm not married and have no children., in the state of KY. Any recommendations on good coverage for an individual? [link] [comments]  |
| Insurance is going up more than double Posted: 06 Mar 2018 11:26 AM PST So a little over a year ago my car was parked at my house and was hit. Had to go through insurance and i got like 200$ or whatever for my bumper... my mom whose insurance i am under was also hit while driving on the highway. Lastly i backed into a parked car and messed up the front bumper of an old Altima... My moms insurance (Gieco) wants to change our monthly rate from $215 for both cars to 550$ a month. Is this normal? Looks like we are going to have to switch insurance companies and take defensive driving classes to get the rate down. Any other tips? [link] [comments]  |
| Parent as cosigner on loan to make insurance payment cheaper? Posted: 06 Mar 2018 11:08 AM PST Hey guys, So my friend is 21 years old and leasing a 2017 Jetta SE. His mom is co-signing his lease and he claims for this reason he is able to get an insurance payment of about $100 a month. Now I'm 23 years old (got my license at 17) and it looks like my rate for the car I'm looking to finance (2017 Jetta S) is $185 per month. If I get my dad as a cosigner on my loan, could I have the insurance be in his name, since he would be on the title as well? How could I work this to get a lower insurance payment? [link] [comments]  |
| Transferring car insurance but leaving car in storage for 6 months Posted: 06 Mar 2018 05:03 AM PST Hello, So I'm spending 6 months in France (Bonjour) from Feb - to the end of July. My car is currently registered in Michigan, and I just cancelled my Michigan car insurance through progressive today. The car is in a garage in Illinois (my parents) and won't be moved until I get back in July... at that time I'm planning on moving the registration/insurance to Illinois. From what I've read all I need to do is to establish residency in Illinois, set up car insurance for the vehicle in Illinois, then proceed with any other registration requirements. My question is in your opinion is this asking for trouble or are there any fee's I'm missing? I see there is "storage" insurance which is basically the state minimum but since I'm changing states, to me it seems like I don't need it? From what I can tell I need to write the Michigan department of state and say i want to cancel my vehicle registration. Then when I return, I'll establish residency in Illinois then register my vehicle in Illinois. https://www.dmv.org/mi-michigan/relocation/moving-out-of-state.php#Surrendering-License-Plates [link] [comments]  |
| (WI, USA) Are lost wages (Sick Days) "taxable" during the settlement process? Posted: 06 Mar 2018 10:36 AM PST Hope this is in the right place. I am going through an auto injury settlement right now. And the lost wages has me a bit confused. In my demand letter I stated I had lost a total of $1125.66 in lost wages (sick time used). The insurance adjuster stated they would offer me $957.00 as this is what I would have been paid if I worked and were taxed by fed/state. Is this right, feels like I am getting double taxed here. Taxed once by fed/state when I actually used the sick time and wasn't able to report to work. Then going to be "taxed" again on the back end by the insurance company??? Does this sound right? Is this a pretty normal thing or should this be something I fight? [link] [comments]  |
| What happens if the not-at-fault driver never claims claim? Posted: 06 Mar 2018 10:33 AM PST (throwaway account) I'm the at-fault driver in a minor collision. Accidentally backed into a parked car in the dark. Small scratches on their car, big dent in mine. The other car's owner was inside a house and wasn't a witness. I immediately called my insurance to place the claim, and then knocked at the door of the house to explain the incident and give the claim number to the other car's owner. They didn't answer the door (late at night), so I opted to try again in the morning. In the morning, the other car was gone and I learned it belonged to a guest, not a resident of the house. I asked the homeowner to pass along my information to their friend. Later, the homeowner told me that their friend/guest could barely see the scratches and so probably wouldn't take it in for repair. However, the claim still stands with my insurance, and my insurance has determined me to be at-fault so they do have right to claim it (to which the homeowner insisted their friend wouldn't). I accept that they might, regardless of how little the damage is, but if they don't...? If the owner of the other car (not at fault) never calls in, what happens to the claim? Does it expire after a set period? If they never call in to collect, would that claim still impact my rates in the future? [Location: Virginia] [link] [comments]  |
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