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The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.

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Q: Why do you have to let the insurance company know if you already have have a insurance policy with a different company?
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Does your car insurance go up when someone backs into your car when your not in it?

Normally this would not cause an insurance policy to increase, but it is possible. Every insurance company is different and have different rates. You should check with your insurance company directly and ask. Not at fault accidents can effect the price of a policy when the policy is new business with a company.


What happens if you are named a benificiary in an insurance policy but the will says different?

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Who cancels an old auto insurance policy when you change to a new policy under a different company?

The policyholder should contact the insurance company and cancel the policy - you might get a partial refund if the premiums are paid up-to-date!


Car insurance criteria for cancels due to accidents?

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What happens if the beneficiary of a life insurance policy is deceased and there is no will?

In case of death of the policy holder, with beneficiary already deceased and there is no will, the Insurance Company will pay only to the Legal Heir of the Policy Holder. The death claim will be kept in abeyance till the legal heir proves his legal identity to the satisfaction of the Insurance Company.


Can automobile policy issued to cover retroactively?

No. An insurance policy cannot be issued to pay for an accident that already happened. Why in the world would you think that an insurance company would take on a claim that happened before you purchased the policy.


What is The different between insurer and insured?

The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.


How can you find a life insurance policy if you have insurance company name and policy number?

You can call the insurance company and provide your policy number, and they can provide any details on your policy, or send a duplicate policy if the original was lost.


Will an insurance company pay a claim that occurred during a covered period if you cancel the policy?

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How do you contact Life of Georgia insurance company?

I have a term life insurance policy that was fully paid in 1980. This policy is through Security Life Insurance Company of Georgia. How do I cash this policy in? I am unable to find the company !


Can you get a print out of your life insurance policy?

Yes, your agent or the insurance company can provide with a copy of your insurance policy.