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Can a car insurance company take out more money from your account than they are supposed to without your knowledge?
Wiki User
∙ 9y ago
No they can't and they don't. I would be certain that you made some change to you policy like adding a vehicle or such. Either that or the insurance company found more tickets than you told them about when you took out the policy causing the premium to increase. In either case the company would have mailed you a new declarations page with the increase shown on the page as well as the increase in payments shown as well. If you didn't open the mail, or gave them the wrong address, or didn't read the declarations page, that is not the insurance company's fault. They will always notify you in plenty of time prior to the premium being deducted. Usually if the date of deduction is too close, they will even wait until the next payment to make the change so you are adequately informed.
Wiki User
∙ 9y ago
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How long can a insurance company request refunds?
If you received money that you were not entitled to and you deposited the insurance check into your bank account and the money was a payout from an insurance claim, the insurance company can swipe the money out of your account without your prior knowledge for up to 3 years. If you received money as a result of a criminal act, the statute of limitations for that crime would guide the insurance company's timeline.
If you were stopped by the police and no ticket was issued does your insurance company find out about it?
No, no ticket, no report, no knowledge to insurance company.
What is a savings account with an insurance company?
An Annuity
Can a bank withdraw from your account for insurance without your permisson?
Are you sure you didn't permit your insurance company to bill your account directly when you bought the insurance? This is becoming a very common thing. If you didn't, you'd have to ask how the insurance got your account information to get the funds.
Where can one open an account at Mercury Insurance?
Mercury Insurance can be purchased directly through the company. That is the best place to look for a competitive rate from the company.
Will a insurance company pay for the damages done to your car by someone who stole it?
Insurance is supposed to return the car to the condition it was before it was stolen.
What does account impounding mean?
Account impounding is an accounting term used to describe an account that is maintained by a mortgage company. This account collects hazard insurance, property taxes, private mortgage insurance, and other required payments.
What is a liability insurance quote?
You liability insurance quote is usually a quote on insurance with the minimum of state requirements on insurance. You can usually find these quotes on the website of the insurance company, or simply call the insurance company up to get a quote. To my present knowledge quotes are usually free.
How can someone check their car insurance to see what kind of theft is covered?
You can check your car insurance to see what kind of theft is covered by contacting your car insurance company. In addition, you can log in to your car insurance company website account.
What is 'IRDA' in banking?
IRDA stands for Insurance Regulatory and Development Authority. It is the organization that supervises and regulates the Insurance Company's in India. It is similar to the Reserve Bank for Banks. All Insurance Company's are supposed to follow the rules laid down by them.
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To bring in new business into the company. To retain and service old account To create awareness on insurance product to prospect To educate prospect/client on the right insurance policies to be taken
Who is supposed to take out the correct amount for unemployment insurance?
No one takes unemployment insurance out of a paycheck. That money for the insurance is paid by the employer, not the employee. The correct amount depends on the size of the company.
