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Describe what Superseded cover is under the fidelity guarantee section of an insurance policy?
Wiki User
∙ 12y ago
Superseded Insurance is taken to provide cover when a new fidelity guarantee policy is being taken for losses that were going to fall under the old (superseded) policy but would not be because the period allowed by that old policy for losses to be discovered and be claimable under that policy has expired. The incident covered should occur during the currency of the superseded policy. The cover under the new policy will not be broader than that provided by the superseded policy as the limits, conditions & extensions that applied on that policy will still be applicable.
Wiki User
∙ 12y ago
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What happened to the Fidelity Interstate Life Insurance Company?
It is inactive. it is now doing business as Penn Treaty Network American Insurance Company. It is located in Allentown, PA.
What insurance does Western Surety Company offer?
Western Surety Company, founded in the year 1900, is an insurance company based in Sioux Falls, South Dakota. It is a leader in small, miscellaneous fidelity and surety bonds.
What company took over Montgomery Ward Life?
Montgomery Ward Life Insurance merged into Union Fidelity Life in 1999. The phone number you can call during working hours is 1-800-621-0393. They are located at 200 North Martingale Road Schaumburg IL 60173-2096.
Who are the main competitors of AFLAC Inc?
Aflac has several companies that offer similar benefits. The largest is "the good hands people", Allstate. They purchased a longtime competitor, American Heritage Insurance Company and are offering products through Allstate Worksite Division. Another longtime seller of cancer and accident insurance products is Colonial Insurance Company, which merged with UNUM, a disability insurance provider. Mutual of Omaha has also offered benefits in the past and have developed some competitive edge products. And American Fidelity has tried to compete with Aflac in the cancer insurance arena. Through my years of experience with Aflac, I find that the "DUCK" company offfers more options than others, like the hospital indemnity options. But there is a lot of competition in accident, cancer, and heart-stroke benefits.
What type of insurance do you need for a cleaning business?
In general, cleaning services are not licensed by governmental entities. Therefore, there will usually not be a state mandate for insurance. That said, it is often helpful for marketing of your business to have insurance. This is because the customer has a level of assurance that they have a source of recovery in case something gets broken or is found to be missing as a result of your visit to perform services. Without insurance, if the breakage or disappearance is found to be your fault, you will be personally responsible for the payment of damages to the customer. "Damages" is usually measured by the value of the item as of the time of the occurrence. There are a number of insurance coverages that would be useful: 1. General liability: In general, this covers a wide range of losses that may be your fault. Some include damage to person or property as a result of your operations. In purchasing this kind of insurance, it is important to understand what constitutes an "occurrence" as defined in the policy. This is because only an "occurrence" triggers coverage by the policy. The insurance agent from whom you buy the policy should be able to explain it. This is not a kind of policy that you should try to buy yourself without the aid of an experienced agent. 2. Fidelity bond: A "bond" is similar, but has some differences from insurance. For our purposes, they are similar enough to be discussed together. A fidelity bond can be useful if you are left in a home alone to do your work and one or more items are found missing when you leave. One of the significant differences between this and insurance is that a bond often requires you to repay the bonding company if it is required to pay the costomer for the loss. 3. In all event, it is critical that you deal only with an authorized insurer. That is, you have to ensure that the insurer is legitimate and not a scam. One of the ways to identify a legitimate insurer is by contacting the insurance regulator in your state to make sure that the company is licensed to sell insurance in your state. If it is, you have some assurance of financial stability to pay claims.
What is fidelity guarantee insurance?
insurance that covers crime and theft by a firm employee
What is a Fidelity guarantee insurance?
Insurance that covers crime and theft by a firms employees
What did Fidelity National Financial start as?
Fidelity National Title Insurance Company
What is a bonded employee?
This usually means the employee has obtain a fidelity bond - usually a guarantee against dishonesty losses such as embezzlement. One caveat though... most fidelity bonds have an arrest and conviction clause in the fine print. If you are an employee, I'd recommend you consider Crime insurance as a better, althought costlier, alternative to fidelity bonding.
What are fidelity bond limits?
A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any. A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any.
What is fidelity insurance?
Fidelity insurance is the form of insurance purchased by companies and organizations, which protects them from the loss of money, securities, and inventory as a result of crime. It is purchased by almost all large organizations.
Union fidelity life insurance company have a website?
Union fidelity life insurance company500 Virginia drivefort Washington, pa 19034(800) 621-0393
Does Fidelity Investments participate in the Medallion signature guarantee program?
investigation and financial product
What has the author Archibald Moore written?
Archibald Moore has written: 'Province of Lower Canada, Court of Appeals, July session, 1817' -- subject(s): Insurance, Surety and fidelity, Salvage, Surety and fidelity Insurance, Surety and fidelity insurance, Assurance de cautionnement, Sauvetage maritime
How do we get ahold of Union Fidelity Life Insurance to buy accidental policy?
accidental insurance
Does union fidelity cover both accident insurance and life insurance or life insurance only?
yes it do cover life insurance not health insurance.
How does a fidelity bond protect an insurance policyholder?
Fidelity Bond Insurance protects businesses against employee fraud. It also allows high risk employees to become employed by protecting the employer.
