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What auto insurance will reassure me that my family will be able to use the money I saved in case I died unexpectedly?

A very close friend of mine suddenly died due to a car accident. Since his death was unexpected, he was not able to prepare for it. He did not save money for his insurance and now his family is suffering. Given that he was the only one providing his family's needs, her wife is devastated. Now that the breadwinner is gone, they were left in hell. I wanted to make sure that my family will not face the same situation his family is experiencing

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    Be reassured with the insurance that you have by making sure that you read the contract thoroughly. There are ways where life insurance is not applicable or will not cover the death. First, is when the cause of death is suicide. It will also not cover when there are health-related issue to the death nor when illegal activities where done. There are some cases wherein the insurance will not be applied because it is outside the country. When a person also died because of armed conflict. Always make sure that you read what you have signed because we do not want every effort will not pay off.

    2020.03.24 15:44

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Can my doctor charge me for co-pay even if I've already reached my out-of-money maximum?

If your insurance company tells you that you are not required to pay for co-pay then it just means that you are not required to. You should try telling the doctor's billing department because in most cases, the doctor's are not informed about this. Once you've consulted with the billing department they should reinburse the money that you've used.

What is the scope of those accident insurance?

There are a bunch of different kinds of insurances. In this situation, if she has medical insurance, it is covered by it. Having insurance is a good thing to have for emergencies like this. You can use your insurance most of the time in times of need. Having different kinds of insurance is not a big deal, it is just for your security.

Would there be a possibility that I may be convicted and sentenced to jail if I was to fail paying my Insurance?

No there is no possible outcome that the insurance company will or will be able to give you such a punishment as that that insurance companies are not given that form of power especially in issuing such moves such as sueing an individual for the inability of payment but the insurance agreement that was agreed upon maybe voided if not enough funds are present in the account of the client

Does my debt in insurance company may lead to me being sued?

Get out of that agreement with your co worker immediately since an insurance company does not possess the power to ever sue you, nor apply any accusation towards you regarding that matter. The insurance company is probably not legitimate. Wishing you the best of luck!

My father do not trust all these insurances.

There are a lot of insurance companies in todays time. But there are a lot of fake insurances too. If you do not trust the companies that you have seen or told by other people. Try to research on the companies that you trust and see what insurances they have. You can also ask your trustworthy friends if they have insurances and ask them what company is it. You can have the same insurance with your friend.

What are the insurances that are locally present?

Insurances has different categories. It is not only usable here in Singapore but it can be also used in other countries. Insurances keeps your budget safe when something happens to you. It also helps you with some expenses that are not planned a long the way that occurs to the owner of the insurance.

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