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What type of policy is a certainty that the insurance company will have to make payment?
Wiki User
∙ 12y ago
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Wiki User
∙ 12y ago
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When can an insurance company void a policy?
Non payment
What type of policy is it certainty that the insurance company will have to make payment?
All policies pay only for the covered circumstances, and are subject to exclusions (which are important to understand). Assuming that the policy has been kept current, payments have been made, and the insurance company remains in business, most forms of insurance will receive their stipulated payments.
What is a life insurance policy dividend?
It's a payment made to the policy owner by the mutual insurance company when there is a profit. The policyholders are the owners of a mutual life insurance company and they share in the profits by receiving dividend payments from the insurance company.
How do I cash in a life insurance policy where I am the beneficiary?
Basically you can sell your life insurance policy to a life settlement company in exchange for a lump sum payment.
How does the policy get canceled?
Lack of payment or too many collisions the insurance company has to pay for. If you want to cancel your auto insurance policy to go with another company, call your insurance company and tell them you want to cancel your insurance but be ready for them to try to persuade you to stay.
What is the payment of damages by the insurance company directly to the insured?
Payment of damages by the insurance company against your Householders' policy is paid directly to your account through NEFT,instead of cheque as was customary earlier.
Can you sue if a company did not let you advance as stated in their policy?
If the provision of advance payment is there in the policy bond, you are at liberty to sue the Insurance Company for breach of contract.
The Emerson First National Bank is lending you money to buy a new car The loan agreement will probably state that you must carry insurance?
collision On which of the following types of policies is it a certainty that the insurance company will have to make payment?(We've assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.
Do you make an insurance payment if your car is totaled?
You should check with your insurance company. If you still have a policy open for the car the premium is still due. But I'm not sure why you'd have a policy if the insurance company said the car was totalled
If you said you would take cash but later changed your mind and called your insurance company can you be penalized for the verbal agreement?
Not if you haven't already accepted the payment. Your policy most likely states that if you 'accept' payment from a tortfeasor then you waive the right to recovery from your own policy. Also, if you have accepted payment but the amount you have accepted is less than the deductible under your own policy, your insurance company may still allow you to file under your own policy. The company will then pursue the tortfeasor or their insurance company for the remaining amount of the damage.
You own your home you stopped paying for home insurance. will i have problem restablishing a home insurance?
If your previous home insurance policy was cancelled for non-payment, the company you were insured with may choose not to reinstate the policy depending on your history with the company. While this company does not have to reinstate your policy, you will be able to bind insurance with another provider. If this company asks if you have been cancelled previously for non-payment, answer honestly. This will not disqualify you for obtaining insurance, however it may disqualify you from receiving a continuous coverage discount if they offer it.
Can a home insurance policy be cancelled for non payment?
Yes. Non Payment of premium can cause a cancellation or non renewal of an insurance policy.
