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What are the typical terms of a building insurance policy?
The typical terms of a building insurance policy would include such things as flood insurance, fire insurance and insurance covering anyone who may be injured at the building.
How do you collect on old insurance policy?
There are many different kinds of insurance policies. Read the policy and find out what the terms of the policy are.
What is needed to add home insurance to replace a forced insurance policy?
Cancel the forced insurance policy and add terms and conditions to your homeowner policy.
Which insurance policy takes precedence if I have two insurances, one of which is primary?
If you have two insurance policies and one is designated as the primary policy, the primary insurance policy takes precedence over the secondary insurance policy in terms of coverage and payment.
Why does a non-owner operator insurance policy only kick in after owner's policy?
This is the terms of the contract for this type of policy. It is a secondary coverage policy and there for it will pick up after the vehicle owner's insurance policy pays first. You need to read your policy or look at the terms before you purchase it if this is not what you want.
What is difference between insurance policy and insurance product?
An insurance policy is a legal contract between the insurer and the insured, outlining the coverage provided and terms of the agreement. An insurance product refers to the specific type of insurance being offered, such as auto, home, or life insurance. In simpler terms, a policy is the legal document you receive after purchasing an insurance product.
Can a insurance company cancel your insurance because you do not live in your home?
Yes, The terms of our Homeowners Insurance Policy state that we must notify the insurance company if there is a change in residence of the home. Failure to comply with the terms of the insuring contract are grounds for cancellation or non-renewal of the policy.
Which of these terms refers to an insurance policy that pays out double?
Double indemnity
Does an insurance policy supersede a will in nc?
An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.
Can the court alter the terms of an insurance policy through awarding claims excluded in the policy?
The court can make any judgment they wish in regards to a claim regardless to what is covered by the insurance companies policy. What happens is the individual policy holder is now on the hook for the damages that the insurance company is not going to cover. The terms of the policy would be inforce unless a court of authority finds the insurance company was negligent in it's exclusion of specific terms in the policy. So basicly the insured person who was covered by the policy is out of pocket the amount of the awarded claim regardles of the insurance company covering that exclusion or not.
Do you have to pay to go to rehab or will your insurance pay for it?
That depends on the terms of your insurance. Read your policy documents to find out.
Can you take cash from a life insurance policy without terminating the policy?
You can obtain a loan on the policy. This depends on the terms and conditions of the insurer.
