Q. my mom's car was in an hit and run accident just right now. She was planning to surrender her car for voluntary repossession of the car since she can't afford to continue to pay.
Since it got in an accident, instead of paying deductable to have the car fixed, can she just call for voluntary repo at this point? insurance claim has NOT been made yet. The police report has been made but that is insignificant since no claim has been filed yet
Since it got in an accident, instead of paying deductable to have the car fixed, can she just call for voluntary repo at this point? insurance claim has NOT been made yet. The police report has been made but that is insignificant since no claim has been filed yet
A. Of course you can. If the finance company wants the car, they have to take it in its current condition. You have no obligation to pay for repairs, but know that, in most cases, that car will be auctioned off, and your mother will be responsible for the difference between what they get at auction and what she still owes on her car loan. She will probably be sued for that difference and if she doesn't pay, she will likely have her wages garnished until it is paid in full--which will be forever because there are always new charges and fees, etc. added to the amount owed.
Somehow, this is all legal for them to do to people, making them pay for a car they aren't allowed to keep, but nevertheless, this is the scenario, sorry to say.
Somehow, this is all legal for them to do to people, making them pay for a car they aren't allowed to keep, but nevertheless, this is the scenario, sorry to say.
Do those who are complaining about the new healthcare law realize that insurance is inherently socialistic?
Q. The whole point of insurance is to spread the risk over a large group of people. This is obvious in names like "Mutual of Omaha." the same can be said for mutual funds for investments. So is it the socialism that is objectionable, or just that it is government mandated?
A. It's rather interesting... I don't see anyone complaining about mandated car insurance. People seem to think it's some kind of good deal to pay into private, for-profit, insurance. Paying into government run programs is cheaper and cuts out the profiteers.
Further, it's not optional for most people to buy health insurance. Most employers make it a mandatory part of employment. Then, those who pay for insurance end up paying for the health care of all those cheap-ass republcans who do their best not to pay in so they can save up for a house, then they'll declare bankruptcy when they get big medical bills. They are scabs on the rest of society.
Okay... that's my contribution to politics for the night.
Further, it's not optional for most people to buy health insurance. Most employers make it a mandatory part of employment. Then, those who pay for insurance end up paying for the health care of all those cheap-ass republcans who do their best not to pay in so they can save up for a house, then they'll declare bankruptcy when they get big medical bills. They are scabs on the rest of society.
Okay... that's my contribution to politics for the night.
How much is a new iPhone 4 Verizon with insurance?
Q. I broke my iPhone 4 and I want to know hIw much it is to get a new one. I have insurance and I hear people say that it's 200 bucks to replace one but that's bullshit, I shouldn't have to pay the same amount for a phone, that's the whole point of insurance right?
A. The point of insurance is that you won't have to pay full retail for a phone since you only get that discounted price of $200 every 20 months.
Assuming you're using Asurion, for the 8 and 16GB, it's $170. For the 32GB, it's $200. Aren't you glad you won't be shelling out $500-$750?
Assuming you're using Asurion, for the 8 and 16GB, it's $170. For the 32GB, it's $200. Aren't you glad you won't be shelling out $500-$750?
How do traffic points affect insurance in Florida?
Q. I just got a speeding ticket and it will add 3 points to my license (this is my first time getting pulled over, so I'm not concerned about having it suspended or anything). Will having these points affect my insurance? I have the option of attending Traffic School to get rid of the points, but I want to know if it will make a difference. What do the points do other than get your license suspended if you get too many? Thanks
A. Your insurance may go up because of the ticket but it isn't a sure thing. Check with the issuing authority to see if they have some kind of school that will erase the points. slow down
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