Can you collect more than the at fault person is insured for?
You can win an award for more than the insurance limits. Now, try to collect the extra directly from the insured. Good luck.
Can you deny the benefits of an insurance policy if you are the owner so the beneficiary can collect the proceeds of the policy tax free after the insured is deceased?
I assume you are talking about life insurance. As the policy owner, you have no right to benefits so there is nothing for you to do. Benefits are only payable to the beneficiary unless all beneficiaries are deceased prior to the insured then it would be paid to the estate of the beneficiary. The owner of the policy basically has control of the policy before the insured dies. They are the only one who can…
What if I am rear ended and other driver has no insurance and no license Can I collect restitution from the state since the driver is illegally driving?
No, The at fault party (meaning the person who rear ended you) is responsible for your damages. Unless you could prove that your "State" was somehow responsible for yo being rear ended, You could not prove your state Liable for your damages. If you are carrying adequate coverage including uninsured and under insured motorists coverage then you will be covered for such a loss. Your insurer could pay your damages and then seek reimbursement through…
In New Mexico can a person collect unemployment if they ask for a temporary leave of absence and then the employer fires them?
It sounds like there is more to the story than what is told here. If you lost your job through no fault of your own, the unemployment investigators would check out all the facts in the case. If you were innocent, you would most likely collect benefits. If, under New Mexico's laws you were in the wrong, you would not.
Do siblings share life insurance payouts?
Life insurance proceeds are payable according to the beneficiary designation made by the insured and that is a part of the insurance policy. As such, the beneficiary can be any person or entity that had an insurable interest in the life of the insured at the time of the policy's inception. Concievably, that can be one or more of the siblings of the person insured. However, the insured is free to change the beneficiary(ies) at…
If you have right of way and hit another car at a four way intersection who is at fault?
More than likely, the other person is at fault because when you have the right of way, then they should stop. Specifically, if you came to a full stop and the other came to a rolling stop and hit you, then they are at fault. Usually if both of you stop at the same time, the person on the right has the right of way.
What happens if you get into an accident but only have a license but no insurance but the other person has a license and insurance?
Two problems... First, if the accident was in any way your fault, then you are on the hook for that percentage of the cost of the accident. Since most accidents are never 100% one person's fault, this could cost you thousands or more. Even though the other driver most probably has un-insured/under-insured coverage, you can be assured that he/she will subrogate the claim, and their insurance company will come after you for payment. Second, many…
In Illinois can a person collect unemployment if they resign from their position?
Among other qualifications in Illinois you must have lost your job through no fault of your own. This would include resigning, unless of course the reason for resignation was harassment, working conditions or other work conditions that were intolerable. See the Related Link below for more information.
If a hit and run vehicle knocks an insured moving vehicle into your liability-only parked vehicle whose insurance pays for damage to your car?
The "At Fault" party is responsible for your damage, regardless of who ran. The driver who ran from the scene is not necessarily the at fault party. The question is who caused the accident? That person is responsible for the damage. === === == It seems that you alone will have to pursue payment from the insured vehicle that hit you. If you had comprehensive coverage, your insurance company would have paid for your damages…
Why do apartment owners charge a higher security deposit when a person has bad credit?
People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front. People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front. People with bad…
The Federal Deposit Insurance Corporation insures bank deposits up to per deposit?
$100,000 This is sort of complicated. Per www.fdic.gov: "The basic insurance amount is $250,000 per depositor, per insured bank. "The $250,000 amount applies to all depositors of an insured bank. "Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. "Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is…
How much money is insured in a bank account?
As much as $100,000 is insured in an FDIC insured bank by the full faith of the United States government. Only the $100,000 dollar amount is insured at each insured bank including principal and interest due. You cannot have more than this dollar amount insured regardless of how many accounts you have or with how many different branches or division of the bank the deposits are in. You can however have more than $100k if…
When a claim is filed do you only get the amount of the policy?
You can only collect the amount of your actual loss but no more than the limits on the policy. If a person does not have enough limits on his policy and he hit you then you can sue him for more but you will not be able to collect the policy limits amount then still sue for the remainder of the loss.
Does a secondary beneficiary only receive funds from a life insurance policy if the primary beneficiary has already passed?
Yes. A secondary beneficiary only becomes beneficiary if the primary beneficiary dies before the insured. Say the insured and primary beneficiary are involved in a fatal auto accident but the insured dies an hour before the primary beneficiary. The insurance proceeds would not go to the secondary beneficiary but to the estate of the primary beneficiary. If the primary beneficiary dies an hour before the insured then the secondary beneficiary receives the proceeds. If an…
Will multiple life insurance policies pay off when the policy holder dies?
The policy holder is the "owner" of the policy and not necessarily the person covered by the insurance or "the insured". However, if the "insured" person passes away, any and all policies that are currently in force (paid to the current date) would pay out. If policy holder died, the nominee person will get the cover. otherwise you won't get any money.if you want to know more about your query, just visit the bankbazaar.com
If a friend drove your vehicle when there was no insurance and was involved in an accident who is liable for the cost to replace the car?
There is more than one answer to this question. Because you did not state who was at fault in the accident. If the other driver was at fault, it is that person or their insurance company that is responsible for the repairs on your car. If it is the friends fault, then it is the friend that is responsible. Even if the friend did or did not know you had did not have insurance.
What does Additional insured mean with regard to general liability?
You are the insured. Your landlord or partner or banker may be the additional insured. They have a financial interest in or liability at stake with whatever it is you are insuring. It does not cost you more to name an additional insured. Why didn't you aks your agent this question? Can the person I was working for withold money owed to me because I did not put him under additionaly insured? Not legally unless…
If an uninsured driver has an accident in an insured car how can you sue the insurance for damages?
what damages? to the car? if the car is insured that insurer (assuming coverage is available) will handle that damage, if you mean you were injured driving an insured vehicle....it depends on a lot of things...more info regarding status of drivers, vehicle, fact of loss, etc.....and perhaps i can be of more assistance...
What conditions can subrogation arise in insurance?
In insurance, when there is more than one party involved or at fault in an insured loss, there is a mechanism known as Primary insured versus other insureds that follow. Subrogation arises when the Primary insurance is being tapped into when in fact most or all fault lies with in part or in whole to a different insured. For example, risks of bodily injury or property damage are insured by a businessowner who installs HVAC…
What is the difference between being insured under a policy and being self-insured?
If you have an insurance policy purchased from an insurance company, some or all of the financial losses you incur will be reimbursed by the policy issuer. If you are self-insured you, or the company that is self-insured, is responsible for all financial losses and liability to others. Some self-insured companies are self-insured only for the first million or 5 million dollars, and have bought insurance policies to cover larger losses. Their annual insurance premiums…
If an uninsured driver of an insured driver's car has an accident caused by weather and another driver is damage to the insured car covered?
How is the driver uninsured? If he had permission from the insured vehicle owner to drive? There are policy exclusion that apply but most generally that person is considered as an insured driver. I will assume (for the purpose of answering your question) by uninsured driver you mean they have no policy of their own. Are you asking if weather conditons contributed to the accident (say wet/slick road) and they slid into another vehicle is…
What happens if the at fault driver has state minimum required insurance?
If you are victim of an accident caused by a person with minimum insurance, then it would limit how much you'd be able to collect from the at fault driver's insurance. But you could still try to gain personal assets from that at fault driver. If you are the driver who caused the accident and you have minimum insurance, then the person(s) you hit could potentially exhaust all the money in your state minimum policy…
How would an annulment affect Social Security benefits for your exwife?
If you were married more than ten years she can collect on your benefit. See related link. If you were married more than ten years she can collect on your benefit. See related link. If you were married more than ten years she can collect on your benefit. See related link. If you were married more than ten years she can collect on your benefit. See related link.
Whos at fault backing up in a parking lot?
best answer without more info depends if you're both backing up at the same time from opposite sides, which I'm assuming both of you were, then i would assume no one will be found at fault unless someone was recklessly pulling out (ie. speeding out). in the event that one person was backing out and the person was driving by instead of backing out as well, then chances are the person backing out will be…
How does technological advancement affect the ability to collect data?
Definitely, the technological advancement it allows us to collect and processing more data because computers and hard drives can collect a lot more data than humans can. The more data we produce our minds can't collect all of it, so therefore we have computers and such to collect it. Since we will have more technological advancements, we could collect more data at a much faster rate and therefore the ability for processing that data could…