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Thanatosian posted:My mom is retiring this year. She will be turning 65 on December 29th, and would like to retire around Thanksgiving. Should she just shell out for COBRA for a month, or is there an easy way to get gap coverage of some sort? You can ask your HR department to write you a month of coverage. I had a start date of July 1 and wouldn't have been enrolled for benefits until September 1 but they were willing to write me gap coverage - if she's on good terms with her place of employment it wouldn't hurt to ask.
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# ? Jul 27, 2017 01:59 |
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# ? May 25, 2024 19:26 |
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EAT FASTER!!!!!! posted:You can ask your HR department to write you a month of coverage. I had a start date of July 1 and wouldn't have been enrolled for benefits until September 1 but they were willing to write me gap coverage - if she's on good terms with her place of employment it wouldn't hurt to ask. She works for a non-profit and is under a lot of the same regulations that state employees are, so I'm not sure if that will be an option, but I'll have her ask.
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# ? Jul 27, 2017 02:00 |
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Thanatosian posted:She works for a non-profit and is under a lot of the same regulations that state employees are, so I'm not sure if that will be an option, but I'll have her ask. Otherwise, just do the COBRA for a month and bridge that gap. It'll be hard to find comparable cheap enough insurance that provides the same coverage as the employer plan. Its doable, but hard to match premium she's used to.
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# ? Jul 27, 2017 03:33 |
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22 Eargesplitten posted:I know the conventional wisdom is "get as much insurance as you can afford," but I think I'm overdoing it at this point. I've got a '99 Subaru that's probably worth about $1500 judging by Craigslist. State Farm has raised my rates by 15% since January. It's now $80/mo for $500 deductible comprehensive. I'm really considering reducing coverage to liability and uninsured motorist. Would that be a bad idea? 22 Eargesplitten posted:I know the conventional wisdom is "get as much insurance as you can afford," but I think I'm overdoing it at this point. I've got a '99 Subaru that's probably worth about $1500 judging by Craigslist. State Farm has raised my rates by 15% since January. It's now $80/mo for $500 deductible comprehensive. I'm really considering reducing coverage to liability and uninsured motorist. Would that be a bad idea? Drop physical damage coverage, not liability. UM is really cheap for the coverage you get and you'll be reeeeeeally happy you have it if you ever need it. State Farm is raising rates everywhere because they're bleeding out of every orifice in the auto market just like every other carrier. Expect another bump next year, albeit a smaller one. Virtue fucked around with this message at 03:56 on Jul 27, 2017 |
# ? Jul 27, 2017 03:52 |
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I meant that I'm planning on going to just having liability and UM, since a $500 deductible on collision is 1/3 the total value of the car. I keep forgetting to call USAA during the business day, so I'm hoping someone can answer this. My wife's grandfather was a Marine, is that enough to qualify? What sort of proof would we need?
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# ? Jul 29, 2017 17:21 |
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22 Eargesplitten posted:I meant that I'm planning on going to just having liability and UM, since a $500 deductible on collision is 1/3 the total value of the car. Im actually not sure if you qualify. Id probably just call and ask.
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# ? Jul 29, 2017 17:27 |
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Yeah, I figured that's the best way. It's just the best way I've been forgetting for two weeks now.
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# ? Jul 29, 2017 17:54 |
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22 Eargesplitten posted:I meant that I'm planning on going to just having liability and UM, since a $500 deductible on collision is 1/3 the total value of the car. When I looked into it, if you're getting it through parentage, they need to be a USAA member, too. It's been awhile, though, may have changed.
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# ? Jul 29, 2017 18:20 |
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Okay, thanks. I don't think they are on it. Not sure why, it might be because said grandfather hated the military after he got out. He wouldn't let his sons own army man figurines, touch guns, and I'm pretty sure he would have disowned them if they signed up. It might have been his wishes or something. I'll find out.
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# ? Jul 29, 2017 19:49 |
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A while back I bought a flipped place in a hot market, knowing full well that there would be plenty of issues with it down the road. Some of those issues have now reared their head, and I'm working with the Board of Directors in my building for some solutions. One member raised the idea of making a claim on our building's master insurance policy. I think I already know the answer here, but I may as well ask: are structural issues that have resulted from renovations that occurred prior to purchase (and which were not manifestly apparent during inspections) usually covered by a master insurance policy? Or maybe by individual unit owners' policies?
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# ? Aug 18, 2017 17:12 |
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Czolgosz posted:A while back I bought a flipped place in a hot market, knowing full well that there would be plenty of issues with it down the road. Some of those issues have now reared their head, and I'm working with the Board of Directors in my building for some solutions. One member raised the idea of making a claim on our building's master insurance policy. In most cases, no. You would have to file a construction defect claim against the contractor(s) who did the renovating.
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# ? Aug 19, 2017 17:22 |
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Czolgosz posted:A while back I bought a flipped place in a hot market, knowing full well that there would be plenty of issues with it down the road. Some of those issues have now reared their head, and I'm working with the Board of Directors in my building for some solutions. One member raised the idea of making a claim on our building's master insurance policy. Depending on the nature of the defect and how your state defines an "occurrence" it may or may not fall within the building's master policy, or only the renovation contract's policy, or the current policy, or all of the above. CD claims are a huge pain in the rear end and if the old renovation contractor is out of business it may or may not be a covered loss on the master. Talk to a lawyer, they might put everyone on notice and see what sticks.
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# ? Aug 19, 2017 20:06 |
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I am looking into setting up a small side business with a friend of mine to organize the game "Stump" at Oktoberfest events around my state. Since the game involves players wielding hammers, there have obviously been a few questions about insurance from event organizers. We don't have any insurance right now, and I'm not entirely sure where to start since we are not necessarily planning this as a long term business yet. So, a few quick questions:
Any help and advice would be great.
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# ? Aug 22, 2017 18:35 |
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You can get event insurance but youd probably was business liability. General liability should be fine, but ask your agent if you need to have another sub heading or rider since people will be interacting with each other instead of alone (right?).
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# ? Aug 22, 2017 19:55 |
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Good morning Goons. I have a friend of a friend who recently quoted me new Auto and Home insurance as he owns his own agency and I haven't shopped it in a while. The coverages are apples-to-apples but the premiums are quite lower. I think this is due to some discounts he was able to get me due to our relationship. I'm all ready to switch over but I hear very often that the company owning the policy can vary considerably in the event of a claim. The question I have is if anyone can speak about Citizens insurance for Auto and/or Home. I currently have Progressive and AAA, both of which have good reputations and one claim I had years ago with Progressive was fairly seamless. We're looking at saving ~$200/yr on the auto (2 vehicles) and ~$270/yr on the Homeowners which has a bit more coverage on my wife's wedding ring and an umbrella policy (the AAA one I have is a quasi-umbrella). Anything I should be concerned about regarding the company with every thing else all equal? Appreciate any insight, thanks!
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# ? Aug 26, 2017 17:24 |
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Considering what's gone down here in Houston, what is the best advice when dealing with the claims agents that will be coming down here to assess damages from the flood? And no, I was an idiot, didn't have flood insurance on my car or apartment. I'm just thankful I got out alive at this point, was a boat evacuation. The only saving grace maybe on my apartment would be that I have a photo showing that water was coming in under the wall and not the door before everything went to hell.
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# ? Aug 30, 2017 11:00 |
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Glad to hear you're okay. Best thing to do is have your paperwork handy. Title, lien, receipts, etc. That'll make the settlement process faster.
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# ? Aug 30, 2017 11:24 |
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RedMagus posted:Considering what's gone down here in Houston, what is the best advice when dealing with the claims agents that will be coming down here to assess damages from the flood? Do you have comprehensive on your car? That covers flood. If the water hit the dashboard it's definitely totaled. Likely totaled even if it didn't get that high.
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# ? Aug 30, 2017 11:49 |
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big crush on Chad OMG posted:Do you have comprehensive on your car? That covers flood. If the water hit the dashboard it's definitely totaled. Likely totaled even if it didn't get that high. Flood waters at the complex were 3-4 feet in the parking lot I suspect. saw one car float away, pretty much dashboard water on everything even in the high back lot. Coverage from the policy (minus pricing details) pulled straight from the State Farm website: code:
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# ? Aug 30, 2017 12:18 |
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Great job increasing your coverage. As for the car, you're gonna be out your deductible and they'll likely total it out. This is a huge disaster, so they will know whats up. The renters is a bit tougher. This is definitely a flood. Even if the water was shown as coming from under the wall, they know thr primary cause is rising waters from outside the building. A flood. The only possible claim could be water back up of sewer and drain if you have that additional coverage or if thr damage was primarily wind or some such. Its a tough one, and who knows they may make an exception, but i wouldnt grt my hopes up. Ive worked for several P&C companies and none would insure a home in Houston without mega underwriting. This is unfortunately why.
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# ? Aug 30, 2017 12:59 |
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Sorry for everything you're dealing with.
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# ? Aug 30, 2017 14:01 |
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Thanks everyone for the well wishes. Whatever happens, I'm lucky that I've got family local that's gonna help me out. My cousin's been taking care of me, and I got lots of non-local family/friends wanting to know what they can do to help. Just gotta get mobile and back in once it's declared safe, and go from there. I'm glad I can do the prep work now.
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# ? Aug 30, 2017 16:53 |
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Start looking for a new car as well. You can get a rough idea on your cars value by searching same model year cars in your area online. Once they find your car, tow it to the salvage yard and deem it a total loss you'll get 3 more days of rental (assuming you can even get a rental anywhere close). Sometimes you can get a bit more since you'll be dealing with the insurances Catastrophe team and they have more leeway, but it's better to have everything lined up now.
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# ? Aug 30, 2017 17:25 |
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You may not be able to get a rental car. Demand is going to be way higher than supply, that's what happened during Sandy. Hell, Dallas ran out of rental cars last year when they had the big hail storms. May be worthwhile to make the reservation now if you can.
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# ? Aug 30, 2017 17:28 |
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Already on the list with HERTZ which went through the state farm website. so gonna call them either tonight or tomorrow to confirm I'm still in queue, and see if there's any timeline on getting a vehicle. As for getting a new one, I may just go UBER/Zip car for a while. I mostly use the bus to get around anyway, and was already registering this one as a personal use vehicle. let me build my cash supple back up for a decent down-payment.
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# ? Aug 30, 2017 22:31 |
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TraderStav posted:Good morning Goons. I have a friend of a friend who recently quoted me new Auto and Home insurance as he owns his own agency and I haven't shopped it in a while. The coverages are apples-to-apples but the premiums are quite lower. I think this is due to some discounts he was able to get me due to our relationship. I'm all ready to switch over but I hear very often that the company owning the policy can vary considerably in the event of a claim. Bumping this as the thread got some action today (glad to hear you're safe RedMagus) and was hoping to get some input. Thanks!
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# ? Aug 31, 2017 00:10 |
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If its the same coverage i don't see why not
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# ? Aug 31, 2017 01:51 |
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Well that's interesting. Before going to bed I checked state farm. I spoke with a rep earlier today, and he basically told me my renters won't cover flood. That's fine, I figured, told him to do what he needs to do and give me the document stating as much. Finally got it tonight, read it over, and it opens with the following: "Thank you for speaking with me on August 30, 2017. During that conversation, you requested that State FarmŽ not open a claim related to the events of August 27, 2017. Based on your request, we will not set up a claim or investigate your loss at this time. Should you change your mind and decide to file a claim, please notify us immediately." To me, this sounds like someone's weaseling out of their decision. Is this normal on such paperwork, or do I need to call back tomorrow and start setting asses on fire? Because I did not ask them to not open it, I said I would accept that they decided.
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# ? Aug 31, 2017 03:33 |
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RedMagus posted:Well that's interesting. I'd definitely call back, nothing to lose. Better get in writing what actually occurred. Never know how these things can come back later to bite.
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# ? Aug 31, 2017 03:40 |
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RedMagus posted:Well that's interesting. Sounds like they're just trying to go the easy route instead of getting a formal denial. The benefit to having no claim set up is that you won't have a claims history, which can impact your premiums, especially if you plan to buy a house in the nearish future.
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# ? Aug 31, 2017 03:52 |
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Bingo. Hes doing you a favor by not opening a claim. If you did, it would absolutely count against you in the future.
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# ? Aug 31, 2017 12:43 |
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Thanks for the feedback everyone. Mostly I'm worried that if I submit that letter to FEMA they'll kick back that I get nothing since I "chose" not to open a claim. They'll look it over and not ding me for that, right? Honestly this entire process is nerve wracking. Thank you all so much for being here.
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# ? Aug 31, 2017 13:22 |
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Would he really be dinged for submitting a claim from the most significant weather event in the last decade? RedMagus - you should be able to provide FEMA your policy language showing the flood exclusion in lieu of a claim denial. (But IANA FEMA rep.)
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# ? Aug 31, 2017 15:21 |
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Dango Bango posted:Would he really be dinged for submitting a claim from the most significant weather event in the last decade? Yes, absolutely. Your loss history is just that, it doesn't care if it's a hurricane or you smoking in bed. You're a higher risk.
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# ? Aug 31, 2017 15:36 |
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big crush on Chad OMG posted:Yes, absolutely. Your loss history is just that, it doesn't care if it's a hurricane or you smoking in bed. You're a higher risk. Yes this. Itll still be a filed claim for $0
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# ? Aug 31, 2017 15:59 |
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Let me rephrase my question then -- is personal lines automated enough where it wouldn't be addressed by an underwriter?
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# ? Aug 31, 2017 18:05 |
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You can automate underwriting guidelines so probably
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# ? Aug 31, 2017 19:37 |
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Dango Bango posted:Let me rephrase my question then -- is personal lines automated enough where it wouldn't be addressed by an underwriter? Yes. Nobody is reviewing risks manually.
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# ? Sep 1, 2017 01:39 |
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Dango Bango posted:Let me rephrase my question then -- is personal lines automated enough where it wouldn't be addressed by an underwriter? What wouldn't be addressed?
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# ? Sep 1, 2017 02:28 |
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# ? May 25, 2024 19:26 |
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big crush on Chad OMG posted:Yes. Nobody is reviewing risks manually. The only place I have seen manual underwriting anymore is in commercial. But that's because the risks tend to be more diverse, and warrant a lot more premium.
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# ? Sep 1, 2017 15:19 |