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Smart Shopper Questions About Auto Insurance & Accidents
4406 messages, Last post on Oct 17, 2009 at 9:53 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: marsha7 (Dec 02, 2008 5:53 pm) Collision I can sort of justify - I've rarely had any life insurance coverage and I'm sure not buying any of that. 
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If trade-in is only $1000, then I would NOt have collision or comp unless the premium was only $25 a year...
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Replying to: steve_ (Dec 02, 2008 8:22 pm) He was a Viet Nam vet with service connected disabilities who recently died. He left a widow and a two year old Ford F250 without any life insurance or credit life insurance on the truck. She is in a financial bind because he refused life insurance and any of that. No valid reason for not buying it. What is yours?
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Replying to: euphonium (Dec 03, 2008 12:42 pm) One of my good friends is 58, single, no kids, very little debt. It'd be a total waste of money for him. Likewise, if your spouse is able to cover the debt with his/her salary alone (should the worst befall you), it doesn't make a lot of sense unless you just WANT to. Or perhaps steve knows he's immortal.
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Replying to: kirstie_h (Dec 03, 2008 12:51 pm) Steve, just a visiting immortal host |
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Replying to: euphonium (Dec 03, 2008 12:42 pm) Because when I go, I want my wife to be REAL sad I'm gone. Besides, if I'm worth more dead than alive she might give me some assistance in "shuffling off this mortal coil". |
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for having at least SOME term life is to pay for burial or cremation or burial at sea...the last thing your survivors need upon death is to pay for the cost of finally getting rid of you... If one does not have credit life or mortgage life, then at least carry a term policy to cover any debts you have... To saddle your survivors with your debt but not having your income is beyond selfish and unreasonable... Even if you are single, at least cover the cost of your disposal, unless you want to be left to rot in the woods...
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Replying to: marsha7 (Dec 03, 2008 7:12 pm) But I digress. My next car insurance payment isn't due until March, at which time I'll yell at you again. |
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it enables her to be much more discriminate about your replacement! 
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Replying to: marsha7 (Dec 03, 2008 7:12 pm) How does one "saddle my survivors with my debt"? Let's say I get hit by a Mack truck, I'm single, have a small term life ins policy to pay for my funeral, mortgaged to the max on my house, owe 6 figures on credit cards, just leased a new BMW 7-series, and have no other assets. How do my survivors (parents) get saddled with my debt? |
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