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Reputable life insurance companies do want to pay claims. They wish to develop positive consumer images, stay in line with regulatory requirements, and grow their business.
Life insurance companies are able to cap their risks to some degree, unlike certain other kinds of insurers. By this I mean the a life insurance company is on the hook for a fixed benefit equal to the amount of insurance purchased by or on behalf of the insured. This is in contrast, for example, to an auto liability insurer that has a range of dollars that it may pay on a claim up to the maximum amount of coverage purchased.
All of that said, a life insurance company will conduct an investigation as to the cause of death and to make sure that the insured did not misrepresent his state of health when the policy was purchased. This does not mean the it wishes to deny the claim, but instead, to make sure that it is a proper claim and that the policy was issued based upon accurate information.
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Is a police report required for an insurance claim?
It depends on how smoothly you want the insurance claim to go. Generally, insurance companies resist paying if there is no report to the police.
How do I get auto insurance claims?
It really depends on your insurance company and how they want you to file a claim. Most companies have you call the claim in on the phone. Call your insurance agent to ask.
Why do you have to let the insurance company know if you already have have a insurance policy with a different company?
The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.
Can you change home insurance companies when a claim has not been dealt with?
You can change insurance companies any time you want. However, the insurance company you have on the date of the loss is the only company which you can seek payment from for the damage. If you are having problems getting your company to address your claim speak with an attorney or a public adjuster.
What companies sell the best life insurance?
It depends on the type of life insurance you want,often it is better to but Term Life insurance rather than Whole life insurance. There are many companies that offer quotes on life insurance policies and the way to find the best rates is to shop around and compare prices and policies.
Where can one compare the cost of term life insurance?
If you are looking for life insurance, and want to ensure you receive the best deal, you should compare prices of other companies. IDC Insurance Direct Canada offers a website to compare the rates for various life insurance plans of a number of companies.
Can you get life insurance for your child's father if you are not married?
Yes you can. To get insurance, insurance companies, want to see an "insurable interest." Since he is the father of your child, you have an insurable interest on him.
How much is good life insurance?
There are a lot of life insurance companies. The site http://www.life-insurance-companies.com/ will give you the top 15 sites. There is term life and whole life also and you need to decide which type you want and then go from there.
Is it a good idea to buy life insurance online?
Sometimes yes sometimes no. If you feel secure about your life insurance provider then simply go online and buy it. Some companies try to scam you but you have to be careful. A lot of companies are legit and give you the real life insurance you want and some aren't.
How soon does beneficiary get paid from a life insurance company?
The beneficiary may usually be paid within 10-21 days after the insurance company has determined there is no fraud and the insurance payment is due as per the terms and conditions of the life insurance policy, and all necessary paperwork is in to them. The life insurance company usually requires the death certificate when making your claim. Make sure to review the "How to Make a Claim" section of the life insurance policy and contact the insurance company regarding what is necessary and who to send all pertinent information to in order to make your claim. If the claim is not paid in a timely manner, contact the insurance company and your insurance agent to follow-up. Also, you may want to contact the Department of Insurance in your state if you do not receive the Life Insurance Proceeds.
Where can I find more information on joint life insurance policies?
The best place to learn about different types of life insurance is on Wikipedia. If you want specific information about the policies of specific insurance companies, look at those companies' websites, and see what types of features they offer.
Can you have dual car insurance on one car in state of ca?
Why would you want to? You would pay twice as much and if there is a claim the insurance companies will split the cost of the payment. It is illegal for you to attempt to profit for a loss on an insurance policy.
