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Agnes Said:

Who places the amount of personal property insurance coverage on a homeowners policy?

We Answered:

On most standard homeowners policies, the personal property coverage is a percentage of the dwelling amount - as is the loss of use, and other structures coverage. That percentage varies from one company to the next, AND by policy form, but will generally be 50% to 90% of the dwelling amount.

Now, when I hear people talking like you, I think they don't really mean, "I have too much personal property coverage". I think what they REALLY mean, is "I think if I can cut this coverage down, I'll save money on my premiums". But it doesn't work that way.

The entire PRICE of your policy, is based on the DWELLING amount, plus the endorsement costs. So *if* you could get them to lower the contents amount, it's not going to save you any money. Most likely, you'd have to get them to lower it, by switching your policy to one WITHOUT replacement coverage, or to a "lower tiered" company with higher rates.

It's kinda like when you go to a restaurant. You don't want the bread . . . but that's not going to lower your bill. And if you hire a chef to prepare what you want, exactly, ala carte, it's going to cost you about six times as much as buying the "off the menu" that has a few extra things that you don't want/need.

Elsie Said:

what is loss of service as compared to a loss of use cover under a liability insurance policy?

We Answered:

as a rule, loss of use is when your car is in the shop for repairs and you then have no car to drive. they would owe to put you in a rental car so you could go to work, grocery store etc.

but the other poster advice of $25 is wrong. most likely if you do not rent a car, they will give you around $10 to $15 per day expenses for using a family/friends car or for using alternate services. the reason for the lower amount is that a rental shop has administrative expenses; ie salary, utilites etc.

also; depending on the state where you live, you might be eligible for a bodily injury settlement. this would include reimbursement of any medical bills, RX etc plus what they call pain/suffering. if you were unable to work, they would owe you your loss earnings. but you would have to show proof of your earnings; ie; paycheck. you state home for 4 days recuperating. also you will need a doctors excuse stating you were unable to do your job. many people are off weeks, when they could work thinking the insurance company will reimburse, but unless a doctor states unable to work, most adjusters will not consider.

good luck

Annie Said:

Reasonable home owner insurer for the NYC area.?

We Answered:

Well, you need to contact an INDEPENDENT agent who can get you quotes to 4-5 different companies in your area. Right now you're acting as your own agent, shopping it out. An independent will save you a bunch of time.

But you might find out, that the new rates ARE the current "reasonable" rates - and it's highly possible that Allstate was undercharging.

Carmen Said:

How much is insurance on a bentley continential gt?

We Answered:

Help yourself - you can check your quotes in internet, for example here - carinsurance.yoll.net

Reginald Said:

What is the percentage of people needing in home or nursing home care. compared to the general pop?

We Answered:

Actually, the stats are pretty staggering. You're much more likely to need nursing home care than the other major forms of insurance, such as Fire insurance, etc. The article below should give you some insight and provide you with some questions for the agent. Good luck.
http://www.themoneyalert.com/DoYouNeedLT…

Brent Said:

why s expensive in RI for insurance compared to Mass right across state lines?

We Answered:

I'd tell you to move. When the bean counters get done counting the beans, it probably costs more for the insurance companies to insure RI residents, than it does ones from Mass. Therefore, since you are all paying into the pot that the claims are paid out off, you have to pay a bigger share. I know it doesn't seem fair, but hey, nothing in life ever is.