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Can the insurance company of the person at fault refuse to pay for the damages if their client claims he or she is not guilty?
In a case of word vs word and no witness or other proof on either side, the insurance company has a responsibility to their insured and must take their version of the accident, in which case, they would deny the claim to the other party in the accident.
what if the At Fault driver admits her fault but insists to settle outside of her insurance, but meanwhile refuses to pay for the damages
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Can you sue insurance company for more then there policy?
once the insurance has paid out the policy limits that's it. they do have to defend their client if you choose to sue their client for further damages which you can do.
Can an insurance company refuse to pay for damages caused by their client if the accident was ruled his fault by the police?
They can, but you can sue the other driver for damages.
What services does an insurance adjuster offer?
An insurance adjuster, often called a claims adjuster investigates client claims regarding damages to things like a home or car. The services they provide include communication with the policy holder, to assess damages, do research, and prepare the necessary paperwork.
Can you sue the at fault driver and the insurance company?
You do not sue the insurance company. Any suit is filed against the at fault party only. The insurance company will defend their client and pay damages according to the terms of the policy.
What role does and insurance claims adjuster play in the insurance claim process?
An insurance claims adjuster is a worker that works with the client and the insurance agencies to find a point where both the client and the insurance agency can agree on a set price and rate for the client and insurance agency.
The Many Purposes of the Insurance Company?
An insurance company helps people prepare for the unexpected disasters that can befall them as well as the expected ones. They do this by charging their clients a yearly amount which they place in financial investments that make the money grow. With this money, they have the means to pay for the claims that their clients file.How Premiums Are SetAn insurance company bases its operations on the amount of risk that each particular client presents to them. For example, for a health insurance company one client may present a high risk because he smokes. Another client may present a low risk because this particular client quit smoking more than five years ago. Because the client who continues to smoke has more of a chance of contracting several diseases such as emphysema, lung cancer and heart disease, the insurance company will force this client to pay a higher amount each year than the former smoker.Types of Insurance CompaniesSometimes, insurance companies specialize in one type of insurance. For example, health insurance companies, auto insurance companies and life insurance companies will all sell one type of insurance. But other insurance companies sell several types of insurance. The advantage of purchasing insurance with an insurance company that sells more than one type of insurance is that this company will have a discounted rate for these clients.Insurance Companies Finance RetirementPeople can purchase the retirement vehicles called annuities from an insurance company. These types of investments offer their clients retirement income for the rest of their lives. Each client invests a lump sum of money with the insurance company. After they have retired, the insurance company begins to pay each client a monthly sum based on the amount the client invested and the client's life expectancy. These payments are guaranteed to go to each client even if they live longer than was expected.Everyone who drives has the potential to be in a car collision. Everybody can fall ill or be injured in an accident. Their homes can burn down leaving them without a place to live. They may also pass away before they have had the chance to finish paying off all of their financial obligations. All of these circumstances as well as many others are why an insurance company sells people insurance policies. These policies give people the money they need to repair or replace the damages they suffer after they have experienced loss.
Does professional liability insurance cover client companies?
Yes, If your client has a claim against you for damages resulting from your professional advice or services, Your professional Liability insurance will provide coverage for the insured's defense cost as well as coverage for the client if you are determined to be liable.
What is the difference between an insurance agent and insurance broker?
An Insurance Broker has a duty of care to the client to secure the best deal on the market by 'broking' the insurance requirement out to all insurance companies who will accept the risk. An Agent of an Insurance Company works only for the Insurance Company concerned and thus the client will get a quote from only the insurance company the Agent represents .
Does an insurance agent have to disclose the name of the company that insures his client if there is a claim against his client?
To make this clearer I called this agent stating I wanted to make a claim against his client. He is an independent agent, and sells insurance from many companies. He is giving me the run around. Is required to tell me the name of the company that insures his client?
What are different kinds of careers in the insurance field?
There are many types of careers in the insurance field. One can be a inspector for an insurance company. An inspector goes out to a client's house to discuss options for the client regarding the claim.
What is a cross settlement?
A Gross Settlement is the amount of money (award) an insurance company offers to settle a case. Net proceeds would be after all parties have presented their claims for expenses and services to client and have been paid and settled.
Does saga car insurance provide good coverage?
Saga car insurance like any other car insurance company provides insurance based on the customers needs. Saga car insurance has the ability to customize client quotes to better serve said client and therefore will be good coverage for said client.
