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What happens if your insurance company voids they contract and do not pay the claim to the third party?
Wiki User
∙ 12y ago
If your insurance policy was voided, then you all for all intents and purposes are "Uninsured", You'll have to pay for damages and injuries out of your own pocket.
It is very rare that an insurer would void your coverage. This sort of thing is usually only done in cases where there is clear indication of Fraud, Misrepresentation or Concealment on the part of the Insured.
AnswerIf there was fraud involved or the policy was not in affect because of not paying the premium, they can void the contract and do not have to pay any claims.Wiki User
∙ 12y ago
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How long do you have to file a claim on your house insurance in va?
You will have to check your home owner's policy. It is a contract that you have with the insurance company and will specify how long you have to file a claim.
Found ring after filing insurance claim?
You have a duty under the insurance contract to notify the insurance company, they will either require you to give them the ring or let you keep it.
Why Life insurance contract is not a contract of indemnity?
is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity
What effect does a claim has on insurance company?
A claim is a liability on part of the insurance company. If a customer makes a claim it means that the insurance company has to pay the customer for the amount is eligible to claim and hence it is a expenditure on the balance sheets of the insurance company.
Who is responsible if an insurance company insures the same property twice in the same claim period?
Who is responsible if an insurance company insures the same property twice in the same claim period varies depending on the structure of the contract. If a person signs two separate contracts, there could be two policies issued for that same property. If there was only a single contract signed, it might be the insurance company who is responsible.
What if the delay in filing an insurance claim is the fault of the insurance company?
That's not very likely. The insurance company does not file your claim, they accept your claim notice from you. You have to file your claim with the company, not the other way around.
What is the essentialia of a contract between client and insurance company?
The most essential part of an insurance contract is that it is basically a contract of utmost good faith. The proposer will not conceal any vital information, which will be detrimental at the time of deciding any claim by the insurer.
Can your auto insurance company cancel your insurance while you have an open claim?
Yes, your claim is based on the date that it happens so it's more important for you policy to be in force on that day.
What are the examples for intensive reading?
book keeping report, insurance claim,contract
If you take a life insurance in India and death happens when you are abroad will you get claim?
It depends on the company, probably though.
What are your rights when it comes to an auto insurance claim?
Rights don't have a lot to do with it. An auto insurance policy is a legally binding contract. You have a right to obey the terms of the contract and so does the insurance company. If you have a covered claim, they will repair, replace, or pay the ACV of the vehicle at their choice. I could tell you more if you let me know what you want to know.
Can I be sued for a bad faith insurance claim?
Usually in a bad faith insurance claim the insurance company is in the wrong. A bad faith claim is when an insurance company fails to pay out what was promised on the claim. More than likely you could sue the insurance company and have a chance at winning your case.
