0
The answer depends upon numerous factors, including the type of insurance policy involved. For example, a property insurance policy may provide for "actual cash value: or "replacement cost" payment. The first would pay for the loss or destruction of an item based upon its depreciated value. The second would pay for the present cost of replacing the item with one of like kind and quality.
If a claim is made under a liability policy, the insurance adjuster has to make a determination of whether the insured was at fault--in whole or partially. Depending upon the governing law of the jurisdiction, the amount of "contributory" or "comparative" negligence attributable to the injured/harmed party would reduce his/her damages proportionately.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
When a life insurance claim is paid is it public information?
No.
Can you file a civil suite after an insurance claim is paid?
NO
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.
Can you be charged by your insurance because they paid out too much?
Yes, If your insurance company determines that they overpaid or were overcharged on a claim they can request or even demand repayment.
What do you call it when the doctor bills the insurance company to get paid out?
A direct payment. Claim Submission. The Physician office will submit a "claim" to the insurance company in order to be paid for the services rendered.
What is an insurance recovery car?
Stolen car that claim was paid off by the insurance company. The car was later recovered. Because the claim was already paid the car is owned by the insurance company and they will typically sale these at auction.
Can a mortgage company keep the unused portion of insurance claim money when the job is completed and inspected in tennesse?
No. It would have to be sent back to the insurance company if they paid too much.
Which life insurance company was paid the death claim of benazir bhutto?
alico
What should you do if a claim is never paid?
Contact your insurance company and you can ask for arbitration.
Will my life insurance policy have to pay my student loans?
No. Life insurance is paid the the beneficiary named in the policy, your creditors have no claim against the insurance proceeds EXCEPT if the proceeds are paid to your estate.
If someone sues my car insurance company and receives a settlement how will I know?
Your insurance company will tell you, they will send you a letter in the mail letting you know that they just paid out a claim and how much it was for and who it was made out to and why.....
Can a person submit an auto insurance claim after she was paid for half of the damages and then she decides to make a claim?
Paid by whom? And for what were they paid? It sounds like she took on the claim herself. In this case it will be very difficult to later want the insurance company to take over the claim and expect to receive payment from them as well. The insurance company in not going to want to take over a partial claim and they may not be able to legally do this depending on the state laws where the accident occured and where the claimants reside.
