Mom opened a life insurance policy, in my name and forged my signature.

Better water better life
Puffy Lux

submitted by /u/thesassypants
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Weird insurance policy by Allstate

Better water better life
Puffy Lux

Hi guys. So I experienced some of the weirdest event I’ve ever been with an insurance company. So here’s the question that I want to ask. I recently had a policy with Allstate. It was $1531 for 6 months. I opted to pay monthly, so that’s $252/month. I only had for a month and had paid for 1 month. I had only used it for 27 days, when I cancelled it. With common sense, I expected they to refund me the 3 days left. But no. They charged me $103 for no damn reasons. Here’s what they said regarding this, which left me hella confused, “Thank you so much for all your patience. The premium for this policy is $1531.90. The amount of days in the policy term are 184. To get the price per day you take the premium from the policy and divide by the days in the policy term. $1531.9/184 = $8.33 price per day. The customer used 27 days of policy coverage. The premium they used is equaled to the price per day * the days of coverage. $8.3327 = $224.91 in earned premium. To get unearned premium you take the total premium and subtract the earned premium. $1531.9-$224.91= $1306.99 To determine the pro rata amount take the unearned premium and multipy by .1. $1306.99.1= $130.699 Policy fees: $0.96 total. Next, we determine how much the customer paid by taking payments made $252.87 – Payments reversed/refunded $0.00 = total paid $252.87. To get the Pro Rata Collection you take earned premium plus fees minus the total paid amount plus pro rata amount. ($224.91+$0.96)-$252.87+130.699= collection/refund amount $103.70” Can someone help me out with this?

Roses

submitted by /u/zen1706
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Force Placed Homeowners Insurance Policy Question

Puffy Lux
Better water better life

So a few years ago we failed an insurance inspection and weren't able to make repairs, and so were put on force placed insurance by our mortgage company. Things went along for a couple years until about a month ago we got a notice that the policy would end effective sometime this month. Since insurance is a requirement of the mortgage I assumed that if it ended we'd be in danger of foreclosure so I applied for insurance again… but they'll likely inspect soon and it's unlikely we'll be able to meet the requirements in time to avoid another cancellation.

GlacialPure Refrigerator Water Filter for Whirlpool Filter 1 EDR1RXD1 W10295370 2 Packs

I've searched around and I can't find anything about force-placed insurance just ending like this. Can that happen or did I just misunderstand a situation where the term of a given policy would end and another would begin? If we can't find and keep private insurance, are we boned? We live in MD in case that's important to know for this. Any help would be much appreciated.

submitted by /u/theonecalledlarry
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Jewelry insurance policy

Better water better life
Puffy Lux

Which insurers provide cash out policies versus replacement policies?

LA Series

I have a very custom ring from my own independent jeweler and would prefer the cash out policy.

Anyone with experience filing such a claim and getting a cash out policy?

submitted by /u/gotscan
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Will my insurance defend me above my policy limit?

Puffy Lux
Better water better life

After a car accident (my fault) the girl who’s car I rear ended has some injuries that will require some surgery. My insurance bodily injury limit was $25000, and she does not have underinsured motorist cover. I know she will be filing a claim for damages against me though I was told that this will not be until she has had the required surgery and she is recovered. I’ve also been told that the girl’s medical bills could be well above that limit and as she doesn’t have underinsured motorist cover, this could be a big issue as although my insurance will try to settle within the policy limit and if her costs are say $27,000 she will likely settle for the policy limit, but if her costs are well above my policy limit, then it is unlikely she will settle for the $25000 limit. A friend has advised me that the difficult part for me is with her requiring surgery, and the pain and suffering it may cause, it will likely significantly increase the amount of her damages claim. He says it’s very unlikely she will file her claim until after her surgery and recovery and it may not be until a lot closer to the 2 year statute of limitations time (Georgia). He says that she will then sue me for damages and she will want to sue for as much as she can, particularly for pain and suffering and her lawyer will ensure this. Friend also advises that I should prepare myself that she will be suing me for a very substantial amount in damages, but says that the amount she is awarded could be a lot less than she is suing me for. So as far as I understand the situation at the moment, after she has had her required surgery and recovered, she will then start suing me for a substantial amount in damages that is likely to be well above my insurance limit. I know my insurance will not pay out any more than the maximum policy cover I have and I am aware that I will have to pay any amount above my insurance limit which if significantly higher, I may have to pay this over several years and possibly through a wages garnishment. But will the insurance provide a lawyer to defend this and try to settle for a much lower figure than the girl is suing me for?

submitted by /u/KeyRun0
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Please help! Grandparents have life insurance policies on my kids and I want this policy canceled

Puffy Lux
Better water better life

My in laws have life insurance policies on my kids. My husband signed the consent forms without telling me.

	 GlacialPure Filter for Frigidaire WF3CB, PureSou

The grandparents are the owners. My husband is the beneficiary as far as we know.

But now the relationship has gone south so we don’t want them to have these policies any more.

How can we have them canceled? I know the company but will another agent be able to help me with this?

Thanks!!

Edit to add: Does “insurable interest” matter here? They provide no financial support towards raising these kids. If something were to happen to my children, we are capable of paying for funeral arrangements. Would this make these policies fraudulent?

submitted by /u/MaaMaaMaaMaa
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Question on information rights under my own policy.

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Puffy Lux

I hit black ice going slowly down an exit ramp and bumped into the car in front, even though my wheels had stopped moving since the car itself kept sliding. I'm ONLY months later finding out about a surcharge, and so I'm attempting to argue that, but I also wanted to get an itemized breakdown of what was paid to the other driver on MY policy. One agent tried to tell me I can't have that. I would personally disagree. Who is right and if I DO have a right to that info how do I explain that to my insurance company?

submitted by /u/FoxF270
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We’re married, now she has to add me to her auto policy. I already have my own policy because of a bad driving record. Are we at risk of her insurance being cancelled?

Puffy Lux
Better water better life

35/M, 40/F, state of VA. Wife has had her own auto policy since 2001, I have been insured since 2016.

LA Series

I have four speeding violations within 24 months, one accident in 2017. I can't get car insurance with the regular insurance companies, only ones that are willing to take the risk (progressive).

She is currently insured through State Farm.

Last week, we bought a car for our son and she titled it under her new married name, so she felt obligated to tell the insurance company that she is now married. So they told her she has to add me on to her policy as a covered driver.

They told her the process wasn't instant that it could take a few days while underwriting reviews the policy change.

We are both worried that her insurance would now drop her because of attempting to add me on to the policy.

What kinds of actions should we prepare for moving forward?

submitted by /u/msdos_sys
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Adding a business to my liability policy?

Puffy Lux
Better water better life

So I’m getting ready to vend at an event, and the event center is asking to be added to my business liability policy? Is this normal? I’ve vended dozens of different events, and no one has ever asked to be added to my policy. Wouldn’t they have their own policy? It’s just weirding me out a bit. Any insight would be helpful. Thanks!

submitted by /u/thenotoriousallykate
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Is IT person open to enough liability that they need umbrella policy

Better water better life
Puffy Lux

I have a full time IT job but in the evenings I do some IT work for companies. On the work I do for these other companies I do predominantly email hosting, etc. in the event that technology goes down, which is common, I’m curious to know if I’m at risk of being sued for lost productivity or lost profits due to technology down time. I have enough assets that it concerns me about being sued. Do I need insurance to protect myself? If so, would an umbrella policy cover me adequately?

submitted by /u/dirtbikedude705
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