Insurance FAQ
 

Last Year The Govt Took Over Car Companies, Student Loans, Insurance Companies And Banks. What's Left To Take?

Question by TAT | Posted in Government


Answer: Healthcare, car insurance, homeowners insurance, steel mills, oil companies....

they're already working on a couple of these.

"well, the British govt's been selling off state assets for years to the highest bidder, so there's plenty to buy back.

It just goes to show that capitalism is simply not sustainable."

uhhhh, you really need to go back to school. Capitalism doesn't involve the govt owning or running any businesses. If anything your quote is more proof that capitalism does work and socialism doesn't.
 
 

Can A Co-buyer Of A Car Sue The Other Co-buyer For Unpaid Loans,insurance, Registration And/or Parking Tickets

Question by Anti_Censorship | Posted in Law & Ethics

Hi! :) I live in CA and I co-signed on the purchase of a car for my nephew. Our agreement was that he would pay all the fees for the car and that he just needed my credit to buy the car. He is the only one that has been using the car. Recently he has not paid the car loans, has not paid for insurance costs, has not payed registration fees, and has not paid a few parking tickets that he got. So I have had to pay these amounts to keep my accounts in good standing. Is there any legal precedence for

Answer: You can't sue him. You are severally and jointly responsible for the debt as co-signers. That means if he doesn't pay, you have to pay. All you can do is make the payments to keep your credit from getting further damaged.

In hind sight, think about this: There was a reason why he needed a co-signer. That reason was that he didn't have good credit and didn't pay his bills.

If you have a set of keys, you could go get the car and drive it away from where ever he parks it. You can't be charged with car theft since your name should also be on the title. (If you aren't on the title, you can't take the car.)

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Title Loans And Insurance Claims If The Car Is Totaled?

Question by Jake K | Posted in Insurance

I was just in an automobile accident recently and pretty sure my car is totaled. My question is, if my car is totaled, and my car title is in a title loan right now, do I pursue the insurance company to pay it off or at least to the point so I may recieve the title back?
Note that this is the other party's inusance that I am having to deal with since the accident was her fault. Not my own insurance

Answer: Unless you have "gap coverage" on your car, through your insurance company, they have no obligation to pay it off. The policy says, they only pay the actual cash value, OR, the cost to repair, WHICHEVER IS LESS.

The payoff value, especially if you put little money down, financed it for five years or more, and have owned it for less than two years, is likely to be MORE than the actual cash value.

You need to call the loan company and find out what the payoff balance is. Then you need to go to www.kbb.com, and find the private party sale price for your vehicle. That will give you a rough idea, if you're going to get enough to pay off the car.

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We Know About Joe The Plumber,what About Smith, A College Student Who Can't Afford Health Insurance & Loans?

Question by kantav18 | Posted in Hockey

What will Senator McCain and senator Obama will do to help students with school loans.

Answer: Take a look at their economic plans for the answer to that question. If the economy continues with the current downward spiral college students are going to be facing a serious problem. They are going to come out of school with a large debt in student loans and will not be able to get a job to pay them. Their credit ratings are going to take a hit right out of the gate.

Aside from their tax plans, I haven't heard much in the way of a working plan to help the economy recover from either candidate to this point.

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Is "Loan Insurance" A Legal Way To Obtain Difficult Financing In The US?

Question by pmojjo2003 | Posted in Personal Finance

I am looking for a loan and I have been offered loans from two companies that seem to be legit. The only catch is a loan insurance premiem that they are asking for prior to funding. Is that legal/egit...I'm not thinking so but I do not know/ Please help.

Answer: Unfortunately, the Internet, including this site, is overrun with scam artists offering people loans. You should assume that anyone offering you a loan is a scam artist until proven otherwise. Remember that real lenders never ask for an advance fee for an insurance premium or any other reason. Any fees they require are added to the loan amount, you never pay for them upfront. If you pay an advance fee, they will take your money and run. Never give personal information to someone who may be an identity thief. See this link about scam artists:

http://www.ftc.gov/bcp/conline/pubs/tmar kg/loans.shtm

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The Top 7 Reasons Not To Choose The Cheapest Car Insurance

by loansinsurancetipsdotcom

Example, what if you small insurer attempt to claim a claim with a larger auto insurer. So when the chance comes to purchase a cheaper premium comes your way, stop. The cheaper insures are usually cutting corners and giving terrible coverage. Car insurance is extremely expensive for some. They may not fight at all for you and instead pay the claim and hit you with higher premiums. They lose and you lose even more money because they need to recoup their losses. Stop and take a look at what these “cheaper” policies cover and if they will actually do you more harm then good....

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