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Name 4 provisions seen in health insurance policies?
- the health insurance policy also has a provision about the insurance company's obligation to pay benefits promptly when a claim is submitted. -the claimant has an obligation to notify th insurance company of a loss (injury, illness, or accident) within a certain period of time or the insurer has the right to deny benefits for the loss
What are the provisions of an insurance policy called?
A provision of an insurance company is often called an automatic premium loan. A provision is often added to life insurance policies as a rider on an insurance policy that has a cash value.
Provisions of the company act in audit?
The provision of the company act in audit requires that all the companies be audited after a given duration of time.
Can you have multiple travel insurance policies?
Yes, you can as long as they are not from the same company. There is usually a standard provision in travel insurance policies that prohibit you from buying more than one policy from the same company however, it does not apply if you buy from a different insurance company.
What does the workers comp insurance company need from the employer?
The workers comp insurance company requires the employer to insure all the employees.
Can you sue if a company did not let you advance as stated in their policy?
If the provision of advance payment is there in the policy bond, you are at liberty to sue the Insurance Company for breach of contract.
How soon after an auto accident do you have to report it to your insurance company?
IMMEDIATELY, your policy will say, ''you must promptly report all accidents''
Can you collect life insurance on someone declared incompetenet?
Probably not unless the insurance company decides to allow it or it was a provision in the life insurance policy. Normally, people are not able to collect on their life insurance policy until the insured dies.
How can I ensure that my mortgage company releases the insurance proceeds for my claim?
To ensure your mortgage company releases the insurance proceeds for your claim, you should promptly provide all necessary documentation and information related to the claim. Communicate effectively with your mortgage company and the insurance company to facilitate the process. It is important to follow up regularly and stay informed about the progress of your claim.
Accidental life insurance covers death by homicide?
Your life insurance policy should contain a provision that stipulates if the policy covers death by homicide. It really varies from policy to policy, depends on the insurance company, etc.
What steps should I take when filing an insurance roof claim?
When filing an insurance roof claim, you should first document the damage with photos, contact your insurance company promptly, and schedule an inspection with a qualified roofing contractor. Be prepared to provide all necessary information and paperwork requested by your insurance company to support your claim.
Is it legal for the insurance company not to pay the loan company on a totaled car?
Yes. The insurance policy is a contract. All it requires the insurance company to do is to pay the fair market value of the vehicle. You would need to get what is called gap insurance to pay the difference between the market value and the loan value.
