Q&A
Asked by Edna
Answered by Donn Sharer
CFP ChFC CLU in Millstone Township, NJ
The short answer is "not really". Rules of thumb often provide useful shortcuts for us Edna. They can also be misleading, especially if your situation deviates from t...
Q&A
Asked by Martha
Answered by Scott Nelson
Insurance Agent in Atlanta, GA
It sounds like your son is confusing health insurance rules with auto insurance rules. Most insurance companies look at who owns the vehicles and who lives in the hous...
Q&A
Asked by Kathleen
Answered by Michael Hoffman PRO+
RFC, CLU, ChFC in Grass Valley, CA
Gordon is right. If you have more than one term policy, it is a good idea to consolidate term into one policy. There is a "volume discount" or banding at $250k, $5...
Q&A
Asked by Gina
Answered by Fran Chamberlain
Insurance Agent in Nanuet, NY
The answer depends on whether your vehicle was hit or whether you hit another vehicle. If your vehicle was hit by another vehicle and you cannot submit a claim throug...
Q&A
Asked by Katie
Answered by Chrissy Blake Lowe
Insurance Agent in Chandler, AZ
Earthquake insurance is optional. In some states it is a separate policy you purchase, in others it is an endorsement added to your homeowners insurance.
Q&A
Asked by Michael
Answered by Timothy Peddycoart PRO+
Insurance Agent in Big Lake, MN
It depends mainly on your risk tolerance. I have some wealthy clients who carry low deductibles. They could easily absorb the extra deductible amount - but, they sti...
Q&A
Asked by Tony
Answered by Michael Hoffman PRO+
RFC, CLU, ChFC in Grass Valley, CA
Tony, If you think that you may ever need life insurance to help provide for our family then getting started sooner rather than later will help to create a lower prem...
Q&A
Asked by Lynn
Answered by Fran Chamberlain
Insurance Agent in Nanuet, NY
Yes, it is recommended as the cost of long term care increases approximately 5% on an annual basis. Most long term care quotes automatically include inflation protect...
Q&A
Asked by Brady
Answered by Nancy Greenwood
Insurance Agent in Methuen, MA
Businesses and residences qualify for coverage. Buildings and Contents qualify for insurance. However, if your business or home is below ground level there is usuall...
Q&A
Asked by Erin
Answered by Timothy Peddycoart PRO+
Insurance Agent in Big Lake, MN
I concur with Greg - most insurers will want one that is fairly current - within the last couple years if it is over a certain value. It's not a bad idea to get ...
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