Is your insurance plan for your phone or gadget doing you any good?
“Can we talk about insurance again?” Ben asked while the toddler napped and I tried to soothe my frazzled nerves with newsprint. From the depths of the Real Estate section, I made the universally understood groaning noise of despair.
This morning, I received a call from Allstate telling me that my renters insurance was expiring, and that I should renew it and increase my coverage.
Do you have people in your life who would be financially affected if you died?
If you have a life insurance policy, and are going to die soon, but you need money now to pay for things, and not after you’re dead to have a payout go to your beneficiaries, you can try to go for a life settlement (or viatical settlement if you’re terminally ill).
This man’s story about how Progressive insurance turned against his sister after she was killed in an auto accident is pretty horrific. Sometimes, paying a company to insure you doesn’t mean it will be on your side because it will be thinking more about its bottom line, and less about, well, doing the right thing.