How long can you wait to notify a insurance company about a potential claim?

August 27, 2009 by admin  
Filed under Questions and Answers

insurance
John asked:


How long can you wait to notify a insurance company about a potential claim?
You know how an insurance tell there clients that they have to report a claim(personal injury/premise liablity) or something. Most insurance policies have a requirement that your notify the insurance company of any potential claim within a very short period of time after the incident occurs. I live in NY. How long can you wait to tell them? How much would that short period of time be? Landlord have been recieving letters frommy lawyer and he havent sent them over to his insurance company. This been going on since May 1st of this year. Can the insurance deny him coverage?

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How often can one open credit cards without affecting your credit score?

April 23, 2007 by admin  
Filed under Questions and Answers

credit cards
LadyMar asked:


I have been using rewards cards and paying off the balance for years. I have read that applying for new credit card wont affect your record if you only get one, and don’t open too many in a short period of time. Not sure what “short period of time” is . There are 3 rewards cards I have been meaning to get because of bonus/rewards, but not sure how I should space them out.

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