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Does an insurance agent have to disclose the name of the company that insures his client if there is a claim against his client?
Wiki User
∙ 12y ago
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?
Wiki User
∙ 12y ago
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What is construction all risks insurance?
Overview: The Contractors All Risks Insurance offers comprehensive coverage for all types of civil construction risks. This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.Cover includes: The coverage for physical loss or damage to property is on an "All Risks" basis, i.e. the policy insures against damage to property in the course of construction by all sudden, accidental and unforeseen causes other than specified excluded perils and forms of damage. This cover includes works brought on to the site for the purposes of the contract as well as temporary works erected or constructed on-site. Additionally, the policy includes coverage for physical loss or damage to construction plant & machinery, equipment and tools used per the insured contract.Third party liability: This policy also includes third party liability coverage. This insures against accidental bodily injury or illness to third parties as well as accidental loss of, or damage to property belonging to third parties, caused by an accident at the construction site. The policy also indemnifies for legal costs and expenses recovered by a claimant from the insured.
What is the best business insurance company?
Identifying the "best business insurance company" is, in some respects, a personal determination. That is, business owners with different insurers have had different experiences with them. The relative happiness of an insured with the insurer often arises from claim experience and customer service in the event of a loss. Promptness, efficiency, and at least the perception of fairness in handling claims greatly influences the insured's feelings about the insurer. Often, customer service in the claims process is an important part of the services of the person or entity that sold the insured the insurance. This is especially true when that person or entity is an "agent". An agent is often considered to be a representative of the insurer, rather than of the insured. Therefore, the agent's actions may reflect more closely upon the insurer than that of a broker. A broker is often considered to represent the interests of the insured (the buyer of the insurance), and therefore may be thought of as "once removed" from the actions of the insurer. Another important aspect in choosing an insurer is its financial strength. Stated otherwise, insureds must be concerned with the claims-paying ability of the insurer. This is especially true in commercial lines of insurance when potential losses can be quite large and the insurer is required to pay out sums. This is usually not a problem if one claim is made at a time, however that is not how insurance works. Instead, the insurer insures many entities, so odds are that many claims will occur at or about the same time. It is hard for the average buyer of insurance to assess financial strength, but there do exist several entities that specialize in those assessments. Two of the most prominent are A.M. Best and Fitch's, each of which have measures of financial strength and rate insurers according to those measures. Licensed agents and brokers use those ratings, among other factors, to recommend insurers to prospective insureds. Many insurers use essentially similar policy "forms" for issuing commercial insurance. A policy form is the basic written contract which defines the insurer's and the insured's duties and responsibilities, and specifies the amount of insurance coverage available, the premium to be paid by the insured, and duration of coverage. Differences may exist between insurers as to options offered, such as automatic inflation-related increases in the basic coverage amount. Some options result in an increase in premium. Finally, it is critical that insurance be obtained only from an insurer licensed to transact business in the state in which the insured is located. Insurance is regulated by the individual states, and insurers that wish to transact business in a state must generally undergo a rigorous examination by the regulator. The examination is especially concerned with financial stability, but also with the character and abilities of the principals and officers of the company. In contrast, there frequently come to the market companies that have not gone through the regulatory process and which are not licensed. This often happens when legitimate insurance of a particular type is difficult to obtain due to market conditions. These are usually scams which are established merely to accept premiums and which have no intention of paying claims. Recent incidents of this type of scam have been in the workers compensation insurance market.
What could be insured by Standard Title Insurance policy?
Two types of title insurance coverage: 1. Mortgage Policy - Covers the Primary Lender for the life of the loan. As the loan is paid down, the coverage goes down with it. When the loan is paid off (either through life of loan payments or refinance) the Policy is no longer in affect. 2. Owner's Policy - Covers the new owner for the history and prior owner acts affecting the property. Owner's Policy is in effect for as long as the new, current owner owns the property 1 year or 100 years. Acts of new owner after issuance are not covered, only prior owner acts at time of purchase. Since each property is unique, the coverage is unique to the property. "Standard" coverage insures the history of the property If a issue creates a cloud on title (marketability, loanability,etc.), that will be shown on the title report along with requirements needed to address the cloud (tax sales, old mortgages,etc). If an issue cannot be removed from title, the buyer has the option of not purchasing the property or accepting it with the known defect and the title agency will "except" that defect from coverage ie: not insure it. Title insurance is non-transferrable. If you sell the property, you cannot transfer your Policy to the new owner. A Lender, however, can usually assign the Loan Policy coverage to an assign or purchasor of the loan if they have purchased Secondary Market coverage at the time the Policy was issed and the original terms, conditions and original loan amount has not changed as part of the purchase of the loan.
What type of company is homewisedocs.com?
In collaboration with management companies and self managed community associations nationwide, HomeWisedocs.com has created the most prolific web based data and document delivery system for the community association industry. Traditional products such as lender questionnaires, demands, resale disclosures, and estoppels can now be delivered more effortlessly than ever before. While cost reduction, operational efficiency and increased revenue are system requirements, HomeWisedocs.com has incorporated a unique database design offering clients greater control and a platform geared towards future product and services growth. Interfaces with many of the industry's leading front end management software systems allows our service to be employed with minimal effort and complete accuracy. The company's principals pioneered the electronic delivery of community association data and documents and its commercial acceptance in the market. This experience in conjunction with a commitment to provide products and services meeting the collective needs of community associations, their managers and businesses that interact with associations daily, insures universal client and user satisfaction.
What does the Circle Insurance company insure?
The Circe Insurance company insures many things. The Circle Insurance company insures things such as important and expensive pieces of jewelry and other accessories.
Who insures balloon rides?
Check the yellow pages for an insurance company that sell liability insurance.
If your the co signer and you drive the vehicle does the person whos name who is actually on the title have to have car insurance on that same vechicle or can the co signer just have it. In Indiana?
Generally, the person whose name is 'actually on the title' must be the same person who insures the car. You must disclose to the insurance company if you are not the owner of the car. You should call the insurance company and ask your question.
What is the verb for insurance?
the verb form of insurance is insure.Other verbs are insures, insuring and insured.Some examples in sentences are:"I will insure my car against damage"."He insures the house"."I am insuring myself"."The officer asks if he is insured".
Can you sue your insurance company if you get hurt by your car?
No you'd have to file your loss notice with the company that insures your car or your medical insurance policy. Homeowners Insurance policies provide no coverage for the automobiles.
What insurance companies will insure a lifted truck in Tennessee?
Any company which insures autos in Tennessee.
Can you get auto insurance without a car?
Yes, you can. Ask your insurance company for a "broadform" contract. This contract insures you for every car you drive.
Which insurance company insures a 1969 mobile home in Arizona?
Almost all home and auto insurers will insure a mobile home, in Arizona and all 50 states. There are companies that specialize in this type of insurance though. One large company that insures only mobile homes is Manufactured Housing Insurance Services.
Who is responsible if an insurance company insures the same property twice in the same claim period?
Who is responsible if an insurance company insures the same property twice in the same claim period varies depending on the structure of the contract. If a person signs two separate contracts, there could be two policies issued for that same property. If there was only a single contract signed, it might be the insurance company who is responsible.
What is special about the Farmers Insurance?
Farmers Insurance is special to some people because it is a very good insurance from a very good company. Farmers Insurance insures many things such as life and home insurance.
What does Professional Liability Insurance mean?
Professional Liability Insurance (also known as Errors and Omissions Insurance) insures businesses with the defense they need if a dissatisfied client makes a claim against it.
Is Life Insurance Company of the Southwest FDIC insured?
FDIC only insures bank deposits. Insurance company obligations are insured to certain limits by state insurance guarantee boards. If you contact your state insurance department, they can provide you with the limits of that state's coverage.
