Comments on: 7 Things Your Insurance Company or Agent Won’t Tell You http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/ Money Tips for a Better Life Fri, 10 Feb 2012 18:59:59 +0000 hourly 1 http://wordpress.org/?v=3.3 By: liz http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-196598 liz Wed, 31 Aug 2011 20:36:08 +0000 http://moneysmartlife.com/?p=1254#comment-196598 Excellent adivice, but the average layman does not understand how much they need until it is too late and they already have a loss. Excellent adivice, but the average layman does not understand how much they need until it is too late and they already have a loss.

]]> By: CC http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-175754 CC Fri, 28 May 2010 21:46:14 +0000 http://moneysmartlife.com/?p=1254#comment-175754 can an insurance company mail your claims check to the irs???? mine did and I filed an extention can an insurance company mail your claims check to the irs???? mine did and I filed an extention

]]> By: ckeong http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-174313 ckeong Mon, 19 Apr 2010 06:07:21 +0000 http://moneysmartlife.com/?p=1254#comment-174313 one thing for sure, insurance agent earn a big commision for each contract, and where's the money come from ? of course from our pocket. Why can't we just go straight to the insurance company and buy it direct, and get the rebat for ourself instead of going into the agent pocket ? one thing for sure, insurance agent earn a big commision for each contract, and where’s the money come from ? of course from our pocket. Why can’t we just go straight to the insurance company and buy it direct, and get the rebat for ourself instead of going into the agent pocket ?

]]> By: Michael Massey http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-173831 Michael Massey Tue, 13 Apr 2010 14:17:22 +0000 http://moneysmartlife.com/?p=1254#comment-173831 Why would anyone sign a legal binding contract without reading and understanding what it contains? An insurance policy is no different. Read and understand exactly what is and is not covered before signing and paying the down payment. I am a property claims adjuster and I read my policy to know what is and is not covered. I am so tired of all this propaganda! No doubt someone will say that I am for the insurance company and not think that I too am a homeowner covered by specific perils. I do not speak for insurance agents because there are some who are not familiar with the products they sell. But I also do not enter into a contract without reading the "fine print." Why would anyone sign a legal binding contract without reading and understanding what it contains? An insurance policy is no different. Read and understand exactly what is and is not covered before signing and paying the down payment. I am a property claims adjuster and I read my policy to know what is and is not covered. I am so tired of all this propaganda! No doubt someone will say that I am for the insurance company and not think that I too am a homeowner covered by specific perils. I do not speak for insurance agents because there are some who are not familiar with the products they sell. But I also do not enter into a contract without reading the “fine print.”

]]> By: Wendy Barkan http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-172376 Wendy Barkan Wed, 03 Mar 2010 14:03:34 +0000 http://moneysmartlife.com/?p=1254#comment-172376 Yes, I recently found out that I had been eligible for two discounts of which I was not informed. AAA and homeowner's, which would have saved me sixty or more dollars a month, because my agent failed to mention any of these. I am guessing the damages over the years is about $7,000. The insurance company directly has offered me a retroactive discount of about two years at $1500. to compensate for financial loss. Should I pursue this further with my agent or let it go? Wendy Yes, I recently found out that I had been eligible for two discounts of
which I was not informed. AAA and homeowner’s, which would have
saved me sixty or more dollars a month, because my agent failed to
mention any of these. I am guessing the damages over the years
is about $7,000. The insurance company directly has offered me a
retroactive discount of about two years at $1500. to compensate for financial
loss.

Should I pursue this further with my agent or let it go?

Wendy

]]> By: Landen http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-170861 Landen Sun, 31 Jan 2010 22:30:24 +0000 http://moneysmartlife.com/?p=1254#comment-170861 They also won't tell you how cheap renters insurance coverage is and that by combining it with your auto policy, you can qualify for a multi-discount policy. They also won’t tell you how cheap renters insurance coverage is and that by combining it with your auto policy, you can qualify for a multi-discount policy.

]]> By: Bonny Smith http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-150910 Bonny Smith Fri, 05 Jun 2009 01:05:01 +0000 http://moneysmartlife.com/?p=1254#comment-150910 My husband and I are trying to drop our flood insurance as we recently found out that we are no longer in a flood zone, zone x. Anyway, Our insurance company will not let us drop them until we show proof from our lender that one, we are not required to have it and two, that our insurance company does not require us to have it. While we wait for this, we are still paying for it. I don't understand, can't they look it up and see for themselves that we are not required to have it? Is this just another way to keep our money? We already sent them one letter from our insurance company stating that we are not required to have it and that wasn't good enough. My husband and I are trying to drop our flood insurance as we recently found out that we are no longer in a flood zone, zone x. Anyway, Our insurance company will not let us drop them until we show proof from our lender that one, we are not required to have it and two, that our insurance company does not require us to have it. While we wait for this, we are still paying for it. I don’t understand, can’t they look it up and see for themselves that we are not required to have it? Is this just another way to keep our money? We already sent them one letter from our insurance company stating that we are not required to have it and that wasn’t good enough.

]]> By: Helene http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-137172 Helene Sat, 21 Feb 2009 23:35:57 +0000 http://moneysmartlife.com/?p=1254#comment-137172 Thanks for your contribution to Take Charge of Your Health Care Carnival. You make an important point that Insurance companies are primarily looking out for their interests and not the consumers. Thanks for your contribution to Take Charge of Your Health Care Carnival. You make an important point that Insurance companies are primarily looking out for their interests and not the consumers.

]]> By: Five for Friday! - February 20, 2009 | Managing Money God's Way http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-137109 Five for Friday! - February 20, 2009 | Managing Money God's Way Fri, 20 Feb 2009 11:10:44 +0000 http://moneysmartlife.com/?p=1254#comment-137109 [...] Sticking with the insurance theme, SmartMoneyLife lists 7 Things Your Insurance Company or Agent Won’t Tell You [...] [...] Sticking with the insurance theme, SmartMoneyLife lists 7 Things Your Insurance Company or Agent Won’t Tell You [...]

]]> By: Carnival Roundup | American Consumer News http://moneysmartlife.com/7-things-your-insurance-company-or-agent-won%e2%80%99t-tell-you/comment-page-1/#comment-136996 Carnival Roundup | American Consumer News Tue, 17 Feb 2009 13:40:47 +0000 http://moneysmartlife.com/?p=1254#comment-136996 [...] presents 7 Things Your Insurance Company or Agent Won’t Tell You posted at Money Smart [...] [...] presents 7 Things Your Insurance Company or Agent Won’t Tell You posted at Money Smart [...]

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