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GOT
A QUESTION?
Get the Answer
from MetLife Auto & Home
Follow
the links below to find answers to the questions of interest
to you -- or ask a question of your own!
[Q]
My daughter will soon be 16. Her father
and I are divorced, so who should arrange for her car insurance?
Do we both need to add her to our policies, or can she be
added to just one and still be covered when she drives the
other parent's car?
[A]
Congratulations on having a child who is embarking on this
exciting time in life! Your daughter should be added to the
auto policy of the parent whose car she is most likely to
drive. She doesn't need to be added to both parents' policies.
It sounds as though you and your ex-husband have a good relationship,
which should make it easier to discuss how to split the cost
of the insurance.*
[Q]
I'm retiring shortly. Do I need to reevaluate my life insurance
coverage?
[A]
Any time you have a major life change, it's wise to reevaluate
your insurance needs. People entering retirement, however,
often think that they no longer need life insurance. But life
insurance is a critical part of estate planning because it
can be used to distribute wealth, pay estate taxes and funeral
expenses or even pass on real estate. It also can provide
supplemental retirement income through loans against its cash
value. Talk with your agent or representative, and be sure
to ask about the Auto/Life Insurance Discount** program.
[Q]
Does my homeowners liability coverage extend outside my property
boundary? For example, if I am walking my dog at the park
and it bites someone at the park, is that covered?
[A]
We hope that your dog walks are pleasantly uneventful, but
if your pet bites someone -- whether it happens on your property
or in the park down the block -- your MetLife Auto & Home
homeowners or renters policy will provide coverage under the
personal liability section.* However, you must have been found
legally liable for the injuries.
[Q]
What are the pros and cons of interest-only mortgages?
[A]
As their name implies, these mortgages allow homeowners to
pay only interest for a fixed period of time, usually 5 to
10 years. This lowers monthly payments initially, although
payments jump significantly once both principal and interest
become due. Who may benefit from this mortgage? Those who
plan on selling their house before payments rise or want to
free up their cash for other investments. When might it be
risky? When a person uses it to leverage the purchase of a
house that costs more than they could afford with a traditional
mortgage. Talk to a Mortgage Specialist from MetLife Bank
about the type of mortgage that's right for you. For more
information, click here.
*Subject
to all policy terms and conditions. See your policy for restrictions.
**Not available in all states.
[Q]
My yard has some stately cottonwood trees. If one falls
on my home, will my homeowners insurance cover the damage?
[A]
Great news! If a tree on your property falls and damages your
house, your homeowners policy will pay for the repairs.* (The
tree must have fallen because of windstorm, hail or the weight
of ice, snow or sleet.) Your policy also provides up to $500
to cover the expense of removing the tree. As part of routine
maintenance, periodically walk around your property and cut
down dead limbs before they fall and cause problems.
*Subject to all policy terms and conditions.
See your policy for restrictions.
Got
a Question?
Email it to us at editor@MetLifeYourLife.com.
Or, write to us at: MetLife, Your Life, Dept. LN304, 1716
Locust St., Des Moines, IA 50309.
We regret
that due to volume we are unable to respond individually to
questions.
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