Will my rates go up if I made a claim for $3,000 for repairs after damage in my house?
Answers: No one knows for sure. File the claim. It will be up to the insurance companies underwriters if your premium should be raised. Rarely do they "pick on" one claim or homeowner.
Yes, your rates will increase, but not by $3,000 a year. File the insurance claim. That is why you have insurance.
I had a water leak in my old home, submitted the claim (my 1st and only) and my rates went up. Eventually, they will go back down. Probably in a few years, but even cumulative, you won't spend $3,000.
If you do experience an small loss (under $5000) you should consider all your options. It may benefit you to make the repairs yourself versus making a claim on your homeowners insurance policy. When you make a claim it is documented on your Comprehensive Loss Underwriting Exchange (CLUE) report. Your CLUE report is like your credit report. The difference is your CLUE report tracks your home insurance claim history. If your CLUE report lists frequent claims, you may be charged higher premiums on future homeowners insurance policies, and it could cause your current rates to increase. Even worse, a poor CLUE report may disqualify you from obtaining future coverage.
The CLUE report also stays with the history of the property. If you plan to sell your house, a claim history on your CLUE report may cause the new homeowner to be charged higher insurance premiums. This could make your property less attractive to homebuyers. If you take care of your home and make appropriate repairs and improvements, your CLUE report should not be a problem.
Yes.
My income is 1lakh 50 thousand.Being a female how much is my taxable income ?Which policy will be suitable for
Answers: Being a female, Your exempted inocme for the asst. year 2006-07 is Rs.1,45,000/- since your total income is Rs.1,50,000 your taxable income is only Rs.5000/- Hence you can save a maximum of Rs.5000/- this year. See any other investments you have like Provident fund etc. and that can also be deducted otherwise take LIC's Jeevan Anand Policy for Just 1 lac sum assured which will give you tax rebate as well life coverage for your whole life with returns on maturity date.
good luck
pnkmurthy(a)yahoo.com
http://www.geocities.com/pnkmurthy/lic.h...
The limit for females is 1 lac 45 thousand, thus net taxable income for u is 5000...
Tax on 5000 (a) 10%=500
Edu cess (a) 3 %=15
Thus total tax =Rs 515 only...
Goto this link and calculate for yourself.
http://itrust.in/jsp/financial-planning/...
If total PF deduction for you is 5000, then you need not to worry about tax as PF is considered saving.
Now if you have dependent, take term insurance otherwise for investmenr, go for mutual fund & Fix deposits for savings.
chk some sites
lic.com
www.insuranceplan4u.com
www.insurance.com
Who is your insurance company?
for auto?Answers: State Farm. And I don't work for them.
well out of 240 different choices I get mine with Esurance