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What is the maximum amount of time the FDIC has to pay a claim under the FDIC bank deposit insurance?
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∙ 15y ago
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∙ 15y ago
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What are insurance proceeds?
Proceeds are the payments of the benefit. So in other words with Life Insurance it is the death claim amount paid out.
What does line 369 of the first time home buyer's tax credit stipulate is the maximum amount one can claim?
Line 369 of the Home Buyerå«s Tax Credit stiputlates that first time home buyers can claim a maximum credit amount of $750. Only one partner can claim $750 on his/her tax return.
What does the insurance term 'adjustment' mean?
The word "adjustment" when used in the context of insurance means:The monetary amount an insurance "adjuster" has determined is the appropriate payment to be made to an insured person for a claim that is covered under the insurance policy.
What is the different between pmi and title insurance?
PMI and Title insurance are very different. PMI is mortgage insurance for a deposit below 20% on the banking instrument (loan), which is why 80/20 financing eliminates PMI. On the other hand title insurance covers the ownership of the property, if a long lost distant relative with possible claim to the home through the previous homeowner shows up to claim the property, title insurance takes care of this.
Who benefits from a mortgage insurance claim?
The real beneficiary from a mortgage insurance claim is ultimately the insurance company that provided you with the mortgage insurance in the first place.
What do the limits of insurance mean?
The limit is the maximum amount of $$ the company will pay for each component arising out of a claim.
The maximum amount the insurance company will pay if you file a claim?
A limit is the highest amount your insurer will pay for a claim that your insurance policy covers. Think of it this way: It's like filling up a fishbowl. If you file a covered claim, your insurance policy will pay up to a certain amount. You're responsible for any expenses that exceed the limit.
What effect does a claim has on insurance company?
A claim is a liability on part of the insurance company. If a customer makes a claim it means that the insurance company has to pay the customer for the amount is eligible to claim and hence it is a expenditure on the balance sheets of the insurance company.
What is the maximum limit that DWI insurance offers?
The maximum limit that DWI insurance offers is 90 days after accidents. There must be reports filed prior to this deadline in order to ensure that the insurance company can process your claim.
What term describes the amount you pay on each insurance claim you have?
deductible
Is there a statute of limitations for insurance companies to settle a claim on auto insurance?
Yes, but it varies by the state and insurance companies can extend the amount of time to pay claim, such as if they need to investigate fraud.
Do you need additional car insurance driving from BC to USA?
You are not required to purchase additional auto insurance coverage when driving your personal use BC registered vehicle into the United States. ICBC will provided the coverage stated in your insurance contract provided you are complying with the laws of that state. However, most insurance brokers will recommend increasing your third party liability limit to the $5,000,000 maximum as claim amounts tend to be higher in the United States and the claim amount paid will be in Canadian dollars, so the exchange rate is a factor in the total amount available for claim payments.
What is the reasonable amount of time car insurance in California have to pay on a claim?
There is a maximum time set by law, but I consider it reasonable if the rental car coverage (usually limited to 30 days) has not yet ended.
Who gets the unused money on an insurance claim if you got the work done for a less amount?
As far as I understand it, That isn't a possible solution. A claim isn't settled until after the vehicle, or whatever is fixed. Thus there is no set amount for the claim. example: Person A rear ends someone. A, goes to the insurance company and files a claim, The insurance company sends an adjuster, the car gets fixed, and the amount owed is determined by the bill after the vehicle is fixed.
What are insurance proceeds?
Proceeds are the payments of the benefit. So in other words with Life Insurance it is the death claim amount paid out.
How you calculate for marine insurance?
For calculation of premia, you are to follow the marine insurance brochure,. In case of assessment of claim,the Surveyor's Report plays an important role in determining quantum of claim amount to be admitted by the Insurance Company.
Is insurance premium part of deductible?
The insurance premium is the amount you pay the insurance company every month. The insurance deductible is the set amount which you pay out of pocket for repairs after you make a claim. For example... you may pay $100 to the insurance company every month for the insurance policy and have a $500 deductible. If you file a claim you are expected to pay for $500 of the repairs yourself, while the insurance policy covers anything above that amount up to your max limits.
