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You pay a premium and they agree to cover your losses, but it's more complicated how they make money. They get paid when you don't have an accident or have a loss that needs to be covered because your premium covers it.
What else can I help you with?
Can a payday loan company get money from you if you are on Social Security?
Not likely. Most insurers, if they know that they are on social security benefits, would not loan the money to them.
Will homeowners insurance cover mold damage and restoration?
Most home insurers will cover the cost for mold damage and restoration, but policy holders need to check with their insurers to make sure.
Where do life insurance companies invest their money?
Life insurers, like other insurers, are presently regulated by the state insurance regulator(s) of the state(s) in which they conduct business. One of the primary functions of state insurance regulators is to ensure the solvency (claims paying ability) of the insurers. Life insurers are restricted by state insurance regulators as to the investment vehicles that they may use. By and large, permissible investments are very conservative and nonvolatile, and are defined by state statute.
When was Worshipful Company of Insurers created?
Worshipful Company of Insurers was created in 1979.
When was Association of British Insurers created?
Association of British Insurers was created in 1985.
When was Motor Insurers' Bureau created?
Motor Insurers' Bureau was created in 1946.
What is Motor Insurers' Bureau's population?
The population of Motor Insurers' Bureau is 320.
What are the names of Arizona insurers?
The name for the Arizona State insurers is the Arizona Department of Insurance. Also known as the ADI, The Arizona Department of Insurance is the name for Arizona insurers.
When other insurers are initially liable for payment on a medical service or supply provided to a patient Medicare classifies them as the payer?
Those other insurers would be the "primary" insurers.
What is the Telephone number for National Association of Independent Insurers NAII?
The National Association of Independent Insurers has merged with what is now known as the Property Casualty Insurers Association of America aka (PCI).
Total number of registered insurance companies in India?
Life Insurers: 21 General Insurers: 20
IF an insurance Co pays you for a claim on water damage to a wood floor and you decide not to fix the damage does the ins co continue to insure the floor and the house or can you switch to another?
They have made final settlement and you can do what you like with the money. If you decide at some stage to change insurers, you are only insured for damage which occurs after the new insurance commences. Your previous claims history will, in all probability, be passed on to your new insurers by your previous insurers.
