When looking for home insurance San Diego you should always make sure that the agent is properly accredited. This might appear like something you would certainly think is not needed. But it is essential to check and make certain the individual that sold you the San Diego home insurance policy is even the one who signed it as the representative. This is a really good practice since it guarantees that you will certainly be dealing with the individual who offered it to you and not some additional unknown person.
It is always a great idea when going shopping around for San Diego home insurance to ask if an umbrella policy might assist you to save extra money. An umbrella policy is one that incorporates house and home insurance together to help you conserve extra cash. This kind of policy is bundled insurance because it integrates a number of policies together to help conserve additional cash.
Yet another essential idea when looking for San Diego home insurance is that you ought to additionally asked about exactly how the business manages their claims. Lots of times in the insurance company that claims likely be managed by the insurance company and not using a local broker or your agent. However you must also ask about the resources the company has in your certain location for refining claims. One issue we do not prefer to have is the business needing you to hang around a long duration of time prior to they have somebody come out to individually inspect and process a claim. The longer it takes for them to process a claim the longer it will certainly be before you get your insurance check to cover your loss.
If you’re going shopping around for insurance neighborhood quotes you have a number of options. There are merely essentially two means to get many different quotes for your particular insurance needs. One is to call neighborhood brokers and agents and asked them to provide you a quote. Numerous times an agent can either provide you a quote over the phone or take the details and call you back within a couple of hrs. You may even go on the net and submit your information through an on-line form. This will typically result in you getting a quote either instantly or having the details e-mailed to you within a short duration of time.
When getting info about home insurance San Diego consistently ask your agent or insurance broker about any type of specials or rebates that their insurance carriers could be having. Many San Diego home insurance companies have specials they run throughout the year for brand-new policies. So you might be able to get added cost savings in addition to your brand-new policy.
22 comments
Las Vegas Gal says:
April 6, 2013 at 8:40 pm (UTC 0 )
How much is an insurance policy purchased in 1967 worth? My dad bought a life insurance policy in the amount of $10K, and all of the dividends have been reinvested back into the policy. I have no idea how much this policy would be worth upon his death. I don’t want to call his estate attorney, because that may seem callous. Maybe someone would be able to give me a ballpark figure on the amount this policy will pay upon his death (which I hope isn’t for a long time, by the way!)
mbrcatz says:
April 6, 2013 at 8:50 pm (UTC 0 )
There’s absolutely no way anyone here could know. You will have to ask dad.
Insurance Pickle.com says:
April 6, 2013 at 9:00 pm (UTC 0 )
Assuming he has no loans against the policy and has continually paid the premiums it would be somewhere between $10,000 & $20,000…and probably closer to the mid to lower end of that range. But, as the first responder said there’s no way we’d really no so the best your’e going to get here is a range. If you’re thinking it would be more then you’ll be disappointed. The insurance policy was probably just designed to be worth $10,000 in cash at age 100, but then again there’s no way for us to know what he bought then.
Anonymous says:
April 6, 2013 at 9:10 pm (UTC 0 )
How do I purchase an Insurance policy for a week long youth camp? I am directing a Youth Camp for a group of Churches in northern Indiana this summer. The camp facility itself does not have an insurance. Those who rent the camp and hold their encampments there are to provide their own policy. This is fairly new to me, and I just have several questions. -What kind of policy do I need? -What can I expect it to cost for a week? -Does it have to be purchased in the same city/county of the camp? Thanks…
Bob says:
April 6, 2013 at 9:20 pm (UTC 0 )
You need to talk with you neighborhood insurance agent and they will be able to help you.
charlotte q says:
April 6, 2013 at 9:30 pm (UTC 0 )
How can I pay off a loan on my universal life insurance policy? I have a policy for 200k. I took a loan out on the policy for 30k. After the loan I have a cash surrender value of $36,165.00 Can I give the insurance company the 30k from the 36k as a payback for the loan to get out of anymore interest payments. Not sure if I am making sense. I am a recovering alcoholic with 9 years. Problem is I am in therapy for anxiety/depression after financial collapse in 2008-9.
Huntsman says:
April 6, 2013 at 9:40 pm (UTC 0 )
I would dump that policy and get Term Life Insurance instead Term life is much cheaper and a better all around deal
? says:
April 6, 2013 at 9:50 pm (UTC 0 )
You don’t have to pay back the loan. You can cancel the policy and get the remaining surrender cash value. With the loan amount, it will be recognized as income and you will pay income taxes on the $30k. Before canceling, you should figure out if you still need life insurance. If you do, I suggest looking into getting term life insurance. After the term policy is issued to you, then you cancel the universal life insurance. With any cash value you get, you can invest it in mutual funds or put it into an annuity.
mbrcatz says:
April 6, 2013 at 10:00 pm (UTC 0 )
If you cancel the policy, you’ll get the cash value, minus loan amount plus interest and surrender fee. That means, you have to cancel your policy, to get out of any more interest payments. This is a clear example of why cash value policies are a ripoff – you’re paying, what, 8% interest? to the insurance company, to borrow back your OWN money. Sheesh. Cancel the policy and walk away. No use throwing good money after bad.
Insurance Pickle.com says:
April 6, 2013 at 10:10 pm (UTC 0 )
1) First two responders don’t know what they’re talking about. Clearly you can’t recommend someone to cancel a policy without knowing whether they’d get another policy. 2) The interest you pay on the loan goes back into your own cash value. You’d think someone that has answered that many insurance questions would understand that. 3) You COULD surrender the cash value to pay off the loan; however, keep in mind that as you age your universal life policy could get progressively more expensive and end up lapsing. 4) Contact your financial advisor and have them help you plot a course that makes sense. 5) Also, for folks that don’t like cash value policies (me being not a very large proponent), the drawback is the large UP FRONT costs. You’re beyond those costs, so that’s a moot point.
Houseman22 says:
April 6, 2013 at 10:20 pm (UTC 0 )
Does a standard home owners insurance policy cover air conditioning unit if it stops working? Does a standard home owners insurance policy cover air conditioning unit if it stops working? Does it cover the air handler in the addick? It’s a ground mounted dual unit.
Chops says:
April 6, 2013 at 10:30 pm (UTC 0 )
Check your policy, but my feelings based on past experience are if you don’t have a supp. for mechanicals, it won’t be covered.
mobildik says:
April 6, 2013 at 10:40 pm (UTC 0 )
If the huse burns down the insurance company will replace the home, contents, heat & air system etc. It will not replace the air handler in the attic or the outside compressor under normal conditions. You could call your insurance agent…..He could use a good laugh.
sensible_man says:
April 6, 2013 at 10:50 pm (UTC 0 )
No. Homeowners insurance is not a maintenance contract. If it was damaged by wind or a tornado, then it would cover it.
answer says:
April 6, 2013 at 11:00 pm (UTC 0 )
I think you are confusing a homeowners insurance policy with a home warranty. There are home warranty companies that, for a yearly fee of about $450, will cover most of what can break in a house in the following way: When something breaks, such as a ceiling fan, call the company (or go online), report the problem, and you’ll soon get a phone call from a local repair company. When they come out, no matter what the actual cost of the repair is, you pay a flat rate (usually $50 or so). Some companies charge a bit extra on their yearly rate to add washer/dryer repairs; I think air conditioning is standard, but check. I’ve found a home warranty to be invaluable and well worth the money; some people find that their company denies too many repairs. Shop around and check your contract carefully to make sure what repairs are covered. FYI, no one comes out to look at your house before they give you a contract; you simply have to pay the fee.
RICH @www.hvac-for-beginners.c says:
April 6, 2013 at 11:10 pm (UTC 0 )
No, but you can find a do it yourself troubleshooting guide at http://www.hvac-for-beginners.com to help you fix it yourself.
stpatrickpatronsaint says:
April 6, 2013 at 11:20 pm (UTC 0 )
No it doesn’t…Home owners insurance only covers it when there is damage done by a fire…vandalism..you may want to purchase a policy from the A/C manufacture (extended warranty)
pipesmokemcgee says:
April 6, 2013 at 11:30 pm (UTC 0 )
I am going to lose my dependent status on my parents insurance policy. How do I apply for COBRA? I am a junior in college and I am planning ahead to get married with one semester left to go in college. The dilemma is that I have a preexisting condition, Type I Diabetes. I cannot get covered by an individual policy, and a student health insurance policy is not sufficient for me. Am I eligible for Cobra? I’ve been having trouble finding information. How do I apply? Can I get a quote? Thank you very much!
jolyth_a says:
April 6, 2013 at 11:40 pm (UTC 0 )
I think COBRA is only for people who have lost their coverage due to unemployment. Try this. http://www.dol.gov/ebsa/faqs/faq_consumer_cobra.HTMl
Grace T says:
April 6, 2013 at 11:50 pm (UTC 0 )
Hello! If I am not mistaking, depending on the state you are in, if you are involuntarily dropped from an insurance plan you should be automatically insurable with another company during an open enrollment period. Check with your state department of insurance for the companies who will be having an open enrollment period. Cobra can be very expensive. Also check with a company called United American Insurance Company, this company has been know to help people who find it hard to obtain insurance through other insurers. Keep in mind, it is really difficult for a company to give you a quote without gathering necessary information from you. This info can range from your age, height, weight, other health issues, and what can you afford per month for insurance so you are not pressured into purchasing a plan that you cannot afford and let it lapse later. If the plan lapse it would be a disservice to you. If you were in Ohio I may have been able to help you! I hope this information has been helpful. Good luck with your search.
MVD34 says:
April 7, 2013 at 12:00 am (UTC 0 )
I think the answer is yes, but have your parents (which ever company sponsors the plan you are in) inquire about the details. Prepare yourself, it is going to be expensive.
T says:
April 7, 2013 at 12:10 am (UTC 0 )
You will be sent this information through the carrier as soon as they acknowledge your coming removal from the policy. They have to supply this information by law.