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Which type of policies that the insurance company will have to make payment?
Wiki User
∙ 11y ago
Insurance policies may be categorized into 2 sectors:- Life Insurance and General Insurance. In life insurance, claims arise during maturity and death, when the Insurance Cos are to make payment. In General insurance falls medical insurance, fire & burglary, Professional indemnity,car insurance, Householders policy,shop keepers policy and so on. In medical insurance, when a person is hospitalized for treatment of illness/disease and stay for minimum 24 hours, either he can avail cash less system or claim under reimbursement. In the rest policies, when a fire or burglary occurs or so on, the claim has to be established with proper documentation supported by surveyor's report for consideration of the claim by Insurance Company, where they are policy bound to make payment.
Wiki User
∙ 11y ago
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On what types of policie is it a certainty that the insurance company will have to make payment?
A. Life Insurance
What type of policy is a certainty that the insurance company will have to make payment?
None.
What happens to a life insurance policy if you stop paying premiums at age 70?
If you stop paying premiums on a life insurance policy at age 70, the policy may lapse or be terminated depending on the type of policy and its terms. Some policies have a grace period during which you can still make payments, while others may have a paid-up value or cash surrender value that you can access. It's important to review your policy documents or contact your insurance provider to understand your options.
How do you make a payment to cover your life insurance online?
To make a payment to cover one's life insurance online can be done in two ways. One way is to make a payment directly to the insurance company by completing their online form and submitting a valid credit card's details. Another way is to make a bank transfer from one's own account to the insurance company's account, including your reference number so that they know where the payment has come from.
What type of policy is it certainty that the insurance company will have to make payment?
All policies pay only for the covered circumstances, and are subject to exclusions (which are important to understand). Assuming that the policy has been kept current, payments have been made, and the insurance company remains in business, most forms of insurance will receive their stipulated payments.
The Emerson First National Bank is lending you money to buy a new car The loan agreement will probably state that you must carry insurance?
collision On which of the following types of policies is it a certainty that the insurance company will have to make payment?(We've assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.
How do I Collect the depreciation from Homeowners insurance claim?
If you want to collect the depreciation your insurance company withheld from your claim payment you must make the repairs to your home. After you make the repairs contact your insurance company and they should issue a check for the depreciation.
What is a description of an annuity?
the insured agrees to make a lum-sum payment or series of payments to an insurance company
What are some features of Eastwood Insurance?
When finding insurance with Eastwood Insurance, or any other company, make sure to compare your policy with any new policies. Also, make sure you compare policies that are the same as the cost might seem cheaper, but the coverage may be less.
What policies is it a certainlythat the insurance copany will have to make payments?
There is a rider that comes with some life insurance policies called a waiver of premium rider where the insurance company will pay your premiums if you become disabled. Here is a good article that describes how this works:
Which of the following is a description of an annuity?
the insured agrees to make a lump-sum payment or series of payments to an insurance company...
How can an insurance company obtain a certificate of authority to do business in a state?
The company would need to make application for a certificate of authority to the states regulating authority prior to underwriting insurance policies in that state.
