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How can you pay your share in the car insurance directly to the insurance if your car is insured under your parents name?
Wiki User
∙ 13y ago
Call the agent and see what payment arrangements can be made. Some companies, though, prefer one payment from an entity just because of handling costs.
Wiki User
∙ 13y ago
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Why there is compulsory deductible in insurance policies?
One to avoid smaller claims preferred by the insured - two treated as a copayment since the insured who prefers the claim should share a meagre portion of the liability.
Distinguish between reinsurance and double insurance?
Double Insurance-Situation in which the same risk is insured by two overlapping but independent insurance policies. It is lawful to obtain double insurance, and the insured can make claim to both insurers in the event of a loss because both are liable under their respective polices. The insured, however, cannot profit (recover more than the loss suffered) from this arrangement because the insurers are law bound only to share the actual loss in the same proportion they share the total premium. Also called dual insurance.
Do siblings share life insurance payouts?
Life insurance proceeds are payable according to the beneficiary designation made by the insured and that is a part of the insurance policy. As such, the beneficiary can be any person or entity that had an insurable interest in the life of the insured at the time of the policy's inception. Concievably, that can be one or more of the siblings of the person insured. However, the insured is free to change the beneficiary(ies) at any time prior to death. If the insured designates his/her estate as the beneficiary of the policy, upon death, the proceeds are paid to the estate and distributed per the terms of the deceased's Will. If there is no Will, the proceeds, along with other assets of the estate, are distributed according to the laws of intestate successation of the state in which the insured died.
What is Principle of indemnity?
The principle of indemnity is an insurance principle stating that an insured may not be compensated by the insurance company in an amount exceeding the insured's economic loss. "Financial compensation sufficient to place the Insured in the same financial position at the time of a loss, as he was enjoying immediately prior to the loss"
What if the executor doesn't pay the beneficiaries of a life insurance policy?
The proceeds of a life insurance policy are paid directly to the beneficiaries without going into the estate of the person. The only way that life insurance proceeds become part of an estate is if the the beneficiary is listed as "Estate of the Insured". In this case any expenses of the estate are to be paid out before the heirs receive a share. If there are beneficiaries on the policy, the life insurance company will pay the beneficiaries directly.
What do you understand by insurance?
Insurance is an agreement between Insured and Insurer on utmost good faith for covering financial/montary loss arising out of any eventuality of the former,to be compensated by the latter.There is no profit or extra monetary gain factor as a matter of fact,as insurance is not a lottery or investing in share market for lump sum gain.
WHAT DOES IT MEAN WHEN INSURANCE COMPANY MAKES FULL PAYMENT MINUS A PATIENTS DEDUCTIBLE?
You will need to read the policy for an accurate answer. However a deductible is usually The amount that the insured must pay out-of-pocket before the health insurer pays its share. The equivalent on a motor insurance policy would be the "excess".
Is payment for medical insurance included in child support or is it separate?
That's dependent on the state guidelines. Most states share the cost between the parents.
Can you share health insurance?
No.
If there are two beneficiaries and one dies previous to the insured do proceeds go to the surviving beneficiary or half to the dead beneficiary's heirs?
There is no single answer to your question because the facts may be different in different cases. First, the insured should change the beneficiary designation if a named beneficiary dies before the insured's death. That will avoid problems later.A beneficiary designation may include additional instructions when two or more beneficiaries are named. First, the insured can name "contingent" beneficiaries who will take a deceased beneficiaries share- on any life insurance policy. Second, the beneficiaries may be named as beneficiaries "per stirpes" or as "joint with the right of survivorship" where if one dies their share passes to the survivor.You need to check the designations on the particular insurance policy, the policies of the particular insurance company and the laws in your jurisdiction.
If three people are on a life insurance policy and one refuses to sign it can the other two beneficiaries still receive their percentage?
Generally, if a life insurance company is notified of the death of the insured and there are named beneficiaries, the company pays off upon official notification of the death. You should speak with a customer service representative at the insurance company who can review your situation and advise you how to obtain your share of the proceeds.
How can i share a youtube video directly with someone i am not friends with?
You can share a YouTube video with someone directly that you are not friends by giving him the URL of the video.
