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ThibToShreve
| Favorite team: | |
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| Biography: | |
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| Occupation: | |
| Number of Posts: | 6 |
| Registered on: | 7/29/2022 |
| Online Status: | Not Online |
Recent Posts
Message
re: Hospital indemnity insurance question
Posted by ThibToShreve on 8/29/22 at 8:56 pm to iknowmorethanyou
quote:
find the actual policy declarations page.
I just found it and it clearly spells out that he has been paying the correct amount monthly, so that issue is cleared up. Thanks for your suggestion, iknowmorethanyou!
0
re: Hospital indemnity insurance question
Posted by ThibToShreve on 8/29/22 at 8:51 pm to Weekend Warrior79
quote:
The worst that can happen is they deny the claim.
You're right. I'll help him get that claim filed and give it a chance.
quote:
it would actually appear that he has been overpaying and could have a hefty credit
I called the company's headquarters today and was told that the annual premium was $400something. I'm planning to go with my friend to get some clarity from the lady who wrote the policy 8 years ago. Will update afterwards.
Thanks for your input WW79!
Hospital indemnity insurance question
Posted by ThibToShreve on 8/29/22 at 11:59 am
Cliffs:
- Elderly friend has been paying into indemnity plan for 8 years
- Helping him make a budget, thinking to drop this plan
- He was hospitalized for more than his 10-day indemnity limit but thought that this policy was only a 'cancer benefit' so he didn't think to file a claim within the 30-day Notice of Claim time period. Hospitalization was around 6 months ago.
Questions:
1. Before cancelling, should he bother attempting to claim his recent hospital stay and hope that the company (Guarantee Trust Life Insurance) uses discretion to allow him to file months beyond the provided time limit? His plea would basically be "I didn't know the extent of my benefit."
Edit: Question 2 has been resolved.
2. Is it possible that he's been overpaying for his premiums all this time? One box says that his annual premium is $40.70 while the next box seems to say $40.70 monthly. Which is it? (He pays that monthly.)
Thank yall for helping me help him. He's had a challenging year.
- Elderly friend has been paying into indemnity plan for 8 years
- Helping him make a budget, thinking to drop this plan
- He was hospitalized for more than his 10-day indemnity limit but thought that this policy was only a 'cancer benefit' so he didn't think to file a claim within the 30-day Notice of Claim time period. Hospitalization was around 6 months ago.
Questions:
1. Before cancelling, should he bother attempting to claim his recent hospital stay and hope that the company (Guarantee Trust Life Insurance) uses discretion to allow him to file months beyond the provided time limit? His plea would basically be "I didn't know the extent of my benefit."
Edit: Question 2 has been resolved.
2. Is it possible that he's been overpaying for his premiums all this time? One box says that his annual premium is $40.70 while the next box seems to say $40.70 monthly. Which is it? (He pays that monthly.)
Thank yall for helping me help him. He's had a challenging year.
re: (First post) Housing related, what would you do?
Posted by ThibToShreve on 7/30/22 at 7:42 pm to ThibToShreve
After further digging, I may have found a reasonable explanation for this mixup.
So the first photo is "my" lot and the second photo is taxpayer Dorothy's lot.
LINK
LINK
The seller referred to the lady in the trailer as "Ms. Dot" so I'll assume that Dorothy in the tax database is also Ms. Dot.
I'm thinking best case scenario is that the assessor photos are wrong and the lots should be wide instead of long, looking from "my house."
So the first photo is "my" lot and the second photo is taxpayer Dorothy's lot.
LINK
LINK
The seller referred to the lady in the trailer as "Ms. Dot" so I'll assume that Dorothy in the tax database is also Ms. Dot.
I'm thinking best case scenario is that the assessor photos are wrong and the lots should be wide instead of long, looking from "my house."
re: (First post) Housing related, what would you do?
Posted by ThibToShreve on 7/30/22 at 7:10 pm to ThibToShreve
Thank yall for your input! Option A is our current direction.
I may have found a house. Details to come if it goes forward.
This photo shows the interesting part:
LINK
The green rectangle is from the original tax assessor's image of the property.
I've added the red arrow to show where the 'main house' in this deal is.
I've added the blue line to show where the seller and the decades-long occupant of the trailer behind the house think the property divides.
In other words, both the seller and the trailer occupant think that the trailer occupant owns the land to the right of the blue line. The tax assessor photo clearly does not support their position.
Waiting to hear back from my realtor about this and thought you might enjoy this ride with me.
I may have found a house. Details to come if it goes forward.
This photo shows the interesting part:
LINK
The green rectangle is from the original tax assessor's image of the property.
I've added the red arrow to show where the 'main house' in this deal is.
I've added the blue line to show where the seller and the decades-long occupant of the trailer behind the house think the property divides.
In other words, both the seller and the trailer occupant think that the trailer occupant owns the land to the right of the blue line. The tax assessor photo clearly does not support their position.
Waiting to hear back from my realtor about this and thought you might enjoy this ride with me.
(First post) Housing related, what would you do?
Posted by ThibToShreve on 7/29/22 at 9:53 pm
Option A, B, or pitch in your own C?
Personal:
- 30 years old, no spouse or kids for foreseeable future.
- Fixed income (untreatable epilepsy).
- Moved from Thibodaux to Shreveport 4.5 years ago for mental* reasons which have since been resolved (separate from epilepsy). Been renting in Shreveport last two years.
I plan to put down roots in the surrounding area of Shreveport so I can stay reasonably close to my church, which is in Shreveport.
Numbers:
- Take home 1813/month.
- Rent (includes utilities) has been 850/875 last ~two years. Stayed in budget until going over for more gas to house hunt these last 2 months.
- 23,000 in savings.
Option A: Buy a house using Dave Ramsey's formula of 1/4 of take-home pay, resulting in a roughly $50,000 house on 15-year fixed conv mortgage. Rebuild emergency fund from 6,000 to 10,000 after down payment and closing costs. Gradually improve this house as cash permits.
Edit: I'm pre-approved for a no score mortgage with Churchill Mortgage for 65,000.
Option B: With cash, buy a piece of land for between 10/15,000 and a used camper for around 5,000 and quickly rebuild emergency fund with the ~600/month difference between what expenses were while renting vs what they'll be while camping. Gradually build something on my little piece of land as cash permits after emergency fund is rebuilt.
For both options I'm looking out in the country around Shreveport, such as Haughton, Elm Grove, Keithville, Blanchard, Belcher, Greenwood, Doyline, etc. A common issue is that land I can afford in option B doesn't typically include the septic system needed, being out in the country.
My budget would get me killed inside Shreveport.
Tried to be concise, thank yall for stopping by!
Personal:
- 30 years old, no spouse or kids for foreseeable future.
- Fixed income (untreatable epilepsy).
- Moved from Thibodaux to Shreveport 4.5 years ago for mental* reasons which have since been resolved (separate from epilepsy). Been renting in Shreveport last two years.
I plan to put down roots in the surrounding area of Shreveport so I can stay reasonably close to my church, which is in Shreveport.
Numbers:
- Take home 1813/month.
- Rent (includes utilities) has been 850/875 last ~two years. Stayed in budget until going over for more gas to house hunt these last 2 months.
- 23,000 in savings.
Option A: Buy a house using Dave Ramsey's formula of 1/4 of take-home pay, resulting in a roughly $50,000 house on 15-year fixed conv mortgage. Rebuild emergency fund from 6,000 to 10,000 after down payment and closing costs. Gradually improve this house as cash permits.
Edit: I'm pre-approved for a no score mortgage with Churchill Mortgage for 65,000.
Option B: With cash, buy a piece of land for between 10/15,000 and a used camper for around 5,000 and quickly rebuild emergency fund with the ~600/month difference between what expenses were while renting vs what they'll be while camping. Gradually build something on my little piece of land as cash permits after emergency fund is rebuilt.
For both options I'm looking out in the country around Shreveport, such as Haughton, Elm Grove, Keithville, Blanchard, Belcher, Greenwood, Doyline, etc. A common issue is that land I can afford in option B doesn't typically include the septic system needed, being out in the country.
My budget would get me killed inside Shreveport.
Tried to be concise, thank yall for stopping by!
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