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No, Insurance Company cannot increase premiums retroactive. It has to declare before hand from which date the increased rate of premium would be operational.
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∙ 11y ago
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What rights do an employee have if their company deducted insurance premiums from their pay but failed to pay the insurance premiums to the insurance company and the insurance was canceled?
Seek an Attorney.
Will your premiums increase with no-fault insurance if someone hits you when your car is parked?
The insurance company has no reason to raise your premium, the situation was completely out of your hands.
If you received a ticket for careless driving but the officer said the accident was unreportable will your insurance premiums increase?
When the insurance company finds out about it, possibly. I imagine that it depends on your insurance company, but I'd say yes.
How will a red light ticket affect auto insurance?
It will usually increase your premiums if your insurance company finds out about. Sometimes your current company will not run your motor vehicle record but sometimes they will.
What is paid to the insurance company?
premiums
Is it illegal to increase auto insurance premiums without notification to the insured?
Looking for answers to illegal increase in insurance premium by local company. Are there legal procedures that must be followed before an increase is allowed? Need answers a.s.a.p. MVJB
Where can I find information on life insurance premiums?
You can find information of life insurance premiums, and what their purposes are by asking your current insurance company provider for information on it.
Why does the insurance company get paid back the money Isn't that why we pay our premiums?
You pay premiums because insurance companies are a business and they are there to make a profit. Also, the premiums you pay go into a pool of money so the insurance company can pay out claims when necessary.
What impact does international socio political events have on short term insurance?
1. It could Impact on Reinsurance : Most of the domestical insurance company have international Reinsurance therefore is results to an increase in premiums = High premiums for short term clients. Ta. Ratz
What happens to the premium when the deductible is lowered?
If you increase your deductible you are therefore retaining more of the risk upon yourself and therefore the insurance company will reduce your premiums.
How do the premiums for The Hartford insurance compare to premiums for other providers?
Buying insurance can be a stressful activity. Comparing premiums is a great start to finding what is the righ company for you. The Hartford has much higher premiums compared to both State Farm and AAA. This is based on car insurance figures.
By how many ways I can pay my Insurance Premiums?
You can pay your insurance premiums in many ways. Usually, you can pay it with a company plan (if you work), through cash, or credit card.
