Can the insurance company of the person at fault refuse to pay for the damages if their client claims he or she is not guilty?
In a case of word vs word and no witness or other proof on either side, the insurance company has a responsibility to their insured and must take their version of the accident, in which case, they would deny the claim to the other party in the accident.
what if the at fault driver admits her fault but insists to settle outside of her insurance, but meanwhile refuses to pay for the damages
once the insurance has paid out the policy limits that's it. they do have to defend their client if you choose to sue their client for further damages which you can do.
Can an insurance company refuse to pay for damages caused by their client if the accident was ruled his fault by the police?
They can, but you can sue the other driver for damages.
An insurance adjuster, often called a claims adjuster investigates client claims regarding damages to things like a home or car. The services they provide include communication with the policy holder, to assess damages, do research, and prepare the necessary paperwork.
You do not sue the insurance company. Any suit is filed against the at fault party only. The insurance company will defend their client and pay damages according to the terms of the policy.
An insurance claims adjuster is a worker that works with the client and the insurance agencies to find a point where both the client and the insurance agency can agree on a set price and rate for the client and insurance agency.
Yes, If your client has a claim against you for damages resulting from your professional advice or services, Your professional Liability insurance will provide coverage for the insured's defense cost as well as coverage for the client if you are determined to be liable.
An Insurance Broker has a duty of care to the client to secure the best deal on the market by 'broking' the insurance requirement out to all insurance companies who will accept the risk. An Agent of an Insurance Company works only for the Insurance Company concerned and thus the client will get a quote from only the insurance company the Agent represents .
A Gross Settlement is the amount of money (award) an insurance company offers to settle a case. Net proceeds would be after all parties have presented their claims for expenses and services to client and have been paid and settled.
Does an insurance agent have to disclose the name of the company that insures his client if there is a claim against his client?
To make this clearer I called this agent stating I wanted to make a claim against his client. He is an independent agent, and sells insurance from many companies. He is giving me the run around. Is required to tell me the name of the company that insures his client?
Saga car insurance like any other car insurance company provides insurance based on the customers needs. Saga car insurance has the ability to customize client quotes to better serve said client and therefore will be good coverage for said client.
If the other party has insurance then their "property damage" coverage should cover damage to your vehicle. If you happen to be at fault or there is some question as to who is at fault then it might be hard to collect from their insurance company. Only if the other party is at fault. If you have collision insurance, you can file the claim with your own agent. Then you will be paid for your… Read More
In short-term insurance client might disguise a crucial information before buying the policy, which he might disclose later to claim the amount, misguiding the insurance company.
Elizabeth Sprinkel has written: 'Attorney involvement in auto injury claims' -- subject(s): Attorney and client, Automobile insurance claims, Liability for traffic accidents
Where My mother insured my car in her name.. the bill of sale is made out to me can i register it in my name?
You need to be very careful. You Mother is not the owner of the vehicle and therefore cannot insure it unless you are a young person living in her household. If you don't live with her she can't insure it. Secondly, you must be listed as a driver on her policy. If not, and you are the driver, you and she have committed insurance fraud by material misrepresentation. This makes the case where, if you… Read More
To bring in new business into the company. To retain and service old account To create awareness on insurance product to prospect To educate prospect/client on the right insurance policies to be taken
Can the insurance company that issued performance bond sue for reimbursement after paying the guaranteed sum to the client?
Absolutely. A performance bond is a guarantee that you will complete the terms of your contract. If you fail to do this then the insurance company will either take over the contract and see that the terms are completed or them will negotiate an amount of damages due to the payee and see that they are paid promptly. Under the terms of the Bond contract you are liable to reimburse the bond company for any… Read More
The Chicago Title Insurance Company has a strong track record for providing solid escrow and settlement advice, reasonable rates on title insurance and dedicated agents for each client.
Will an auto insurance company pay more than the policy limits of liability under any circumstances?
Generally No, The policy limits is the maximum amount of coverage afforded to the named insured for claims against them. Remember that it is the insured client, not the insurance company, who typically is liable or who is being sued on the preponderance of some perceived liability. the insurer provides coverage for the cost of legal defense. If a judgment for a covered loss is rendered against the insured client, the company will pay those… Read More
Yes. She can sue her attorney for her own damages or make a claim on his malpractice insurance if he doesn't step up and take responsibility for his error.
Professional Liability Insurance provides coverage in case you are found to be legally responsible to pay damages to your client because of work that they claim that you did improperly. This could cover something you omitted to tell your client about your work also.
In terms of insurance companies, financial accounting helps monitor and determine the insurance status of their clients and manage their financial data that the current insurance company has on about their client.
If a client gets declined by an insurance company, they can still apply with different companies that specialize in high risk life insurance. An experienced agent can help.
Personal Injury in a malpractice policy protects the policy holder if a client claims the professional (Dr. lawyer, accountant etc.) actions caused personal injury.
In most cases, yes. That is what insurance is for. Farmers Insurance. I figure since they sent 3 people to represent or help the defendant with her case, and lost. They should cover the judgment that was in my son's favor. My son's insurance is 21 century.
There are many types of careers in the insurance field. One can be a inspector for an insurance company. An inspector goes out to a client's house to discuss options for the client regarding the claim.
An insurance agency represents the insurance company. This is the decision of the client, not the agency or the company. This has no bearing on the fault of the accident...unless they have not inspected the vehcile yet...when in most cases the vehicle is stored at a facility.
Will CSE Insurance co write a personal umbrella policy with client having a car or homeowner policy with them?
Yes, provided the client has a car (Auto, to use the technically correct term) with CSE. The client does not need to have a Homeowners policy with the company.
A limitation (a cap) of liability clause is a contractual provision that restricts the amount of damages a client can recover from a company. Uncapped liability is a liability without a limit.
Most of the time there is. I used to work for an insurance company. Unfortunately, the weaker the credit score, the more they have to pay. Some client that could not afford such a payment
KYC in life insurance stands for the knowing facts about the client details related to his premium payment . It stand for checking the source of income and his premium payment options. If client is giving more than or equal to Rs 1 lac per year premium in single company then he needs to provide his income proof.
An incentive offered by Citadel Insurance Company is that Citadel will tailor an insurance based wealth accumulation structure for an affluent client. This incentive will enhance tax efficacy and asset protection.
Is it common for a commercial insurance agent to charge their client an agency commission fee and also a service fee?
Yes if they are a broker. You will always see a broker fee from your agent and they a fee from the insurance company
Life of Georgia is an old life insurance company that was primarily a debit company which means it was the type that sold insurance at the person's home and an agent would go around the route and collect the premiums directly from the customers. It was purchased by Jackson National Life Insurance Company some time back. You never hear about a life insurance company going out of business. In order to maintain the reputation of… Read More
None. First of all, the client is given a medical exam, depending on the amount of insurance being bought. If the defect is found, the client (assuming he is 18 and over) is not insurable and in all probabilities, will not be insured by the company. However, second, if the client passes the exam and does not know of the defect, there is no record of the defect, and the client was absolutely honest, and… Read More
A retention limit is the same as a deductible. Deductibles or retention limits are part of the policy. Insurance companies don't just make up deductibles. Usually clients choose higher deductibles in exchange for lower premiums. The same goes for retention limits, in that the higher retention limit a client is willing to accept on their own the lower the premium charged to that client by the insurance company.
Can an insurance company insist on fitting a used rear bumper on your Mercedes their client drove into you?
If the bumper is in excellent condition then yes they can use it to repair your car.
An analyst recieves compensation from his client, and the agent recieves compensation from the insurance company.
You can't. That is private information between insurance companies and their clients. If someone has caused damage to your car you may have to get a lawyer and take them to court. If that person has insurance then their insurance company will defend their client and pay on their behalf if the court decides that they are liable for your damage.
Professional indemnity insurance protects you and your company against instances like a client holding you liable for advice causing them financial loss.&Professional indemnity insurance rates range from 0.5% of your total cover to 1%.
If some company or information provider such as a credit bureau has inaccurate information on you, you would need to contact that company to have that erroneous information corrected. Otherwise you will likely have more insurance companies deny you coverage based on the same erroneous information. The insurance company is not responsible for inaccurate information maintained by a totally separate business entity such as a credit bureau.
Bankassurance works both way. It can be an additional service/product of the bank which can be offered to their clients. Through this, banks will have the opportunity to make an additional profit and at the same time it can help their client to manage their money in the right way, of course with the help of the insurance provider. On the otherhand, insurance company will also have the opportunity to increase their distribution channel to… Read More
Does the insurance company have to pay for a rental vehicle for a client until their vehicle is fixed if they have full coverage insurance?
Rental car coverage is an add-on, check your policy to see if you are covered - if there was another vehicle involved in the accident and the driver was at fault, his or her insurance should pick up the tab.
Insourcing is when a company is created to service a single client and the client owns the company.
You can check your local phone book or online to find an agent and get quotes. Independent brokers are best as they represent a multitude of companies and can literally shop for the best policy to your specific needs and qualifications. But, here I can help you to mention top insurance company of USA: American General, American National Insurance Company, Rais Insurance, Banner Life and Rais Insurance. They help you to cover best prices and… Read More
The rates for new drivers with Progressive Insurance depend on the client. If the client is a teenager, its insurance rates are more likely to be higher due to their inexperience driving.
Obviously an insurance company need to be able to "pay out" in the case of a valid claim. Therefore the funds ultimately needed are those needed to cover the entire risk. The way it works is the risk is spread amongst a large pool of underwriters (who can afford to lose the amount staked), who for putting their money up for the risk get a percentage return each year from the client premiums. One also… Read More
The most essential part of an insurance contract is that it is basically a contract of utmost good faith. The proposer will not conceal any vital information, which will be detrimental at the time of deciding any claim by the insurer.
If you are found over 50 at fault by the other drivers insurance company even though the other driver ran a red light does your insurance company have to pay for damages to the other driver's car?
Believe it or not insurance compaines are fair and they do investigations to determine liability. If they don't they can get in trouble with the Dept. of Insurance. If the other drivers carrier found you over 50% at fault it is probably because you have some liability too. Were you speeding ? Were you inattentive ( on a cellphone, etc )? Could you not tell them your side of the story ? If so, and… Read More
Company A holds your primary insurance coverage and A is involved in a claim situation with B--whether an individual or company. Company A can pay for the claim or its responsible portion of the claim and subrogate in suit against Part B so that the claim can be settled and ended for Client A.
It just depends on the type of business you are engaged in You should have professional liability insurance if you give professional advice or services. Professional Liability provides individuals and companies protection from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.