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its called the deductible. ask an insurance company about it.
== == Probably 30 days. After that, the Insurance Company will probably pay interest on the $$$.
There are a few organizations online that say that they can help locate lost insurance policies or unclaimed policy. Before you try the, I would contact MIB (Medical Information Bureau) for help. You may also want to call your local commissioner of insurance. You may contact any branch official of Insurance Company and request to provide you the bunch of "Orphaned" or unclaimed policies, for which there are no claimants. From the address and contact number as available in the policy, the nominee or legal heir can be contacted for the needful.
A pre existing limitation is a medical condition that prevents you from receiving health benefits or insurance benefits. Insurance companies consider this before granting insurance or benefits.
No
Generally speaking, you simply contact the insurance company and they will tell you what to do. As far as how long it takes, it depends on the company, but usually not very long if all the paperwork is in order. I have collected two insurance benefits, and one took about a month, and the other took several months, but it was delayed because I had to provide proof of death, and the hospital lost the records.
The National Association of Insurance Commissioners has a "Life Insurance Company Location System" to help you find state insurance department personnel who might help identify companies that might have written life insurance on the deceased.Check with the state's unclaimed property office. -If a life insurance company knows that an insured client has died but can't find the beneficiary, the death benefit would have to be escheated to the state of last known address of owner or to the state in which the policy was bought as "unclaimed property."The National Association of Unclaimed Property Administrators (unclaimed.org) - NAUPA is the association of the state unclaimed property programs, but the databases are located and maintained by each state, not NAUPA. However, most states participate in MissingMoney and we suggest that you search thereThe Center for Life Insurance Disputes - contact this group and you can do a lost life insurance policy search through their website.Here's are some tips:If the house and car were insured, start with the local agents who sold those policies. Insurance companies usually keep track of customer names and Social Security numbers.If the policy was active, a premium notice eventually will come in the mail. Look for canceled insurance checks.Private firms specialize in finding lost life insurance for a fee. Search the Internet for "find lost life insurance" "missing life insurance policies" "Life Benefits Search" or "Lost Life Insurance Finder."It Happens Every Day, Life insurance is often purchased to protect against loss of income, but policyholders commonly fail to inform the beneficiary(s) of the policy's existence. As a result, many policies go unclaimed based on long dormancy periods or lack of awareness. Insurance companies would like to distribute what is rightfully due, but the responsibility to claim benefits lies with the survivors. It is estimated that over $1 billion of insurance proceeds currently could be claimed by beneficiaries from North American insurance companies..Check the bank account statements for regular with drawls... it may be a few years back for 20 year pay policies. Do follow up from there. Check with family friends, sometime the owner might have discussed it with them.Call the suspect companies and ask. If you have the persons info and know what company he may have been insured with, you can call the insurance company claims department and ask. They will only tell you if he was insured and nothing more without evidence that you are privy to that info. Also, call his insurance agent and ask.
Is it HMO or PPO coverage? There's always HIPAA - see links. The Insurance Company must provide the same benefits and plans as before. So, would they have covered out of state if you were still an employee?
Insurance company information is not a public record and is not available on the Internet. If you are hiring a contractor to do work on your property, you can require them to send you a Certificate of Insurance, showing that they have sufficient insurance coverage before they begin working. The certificate will show the name of their insurance company.
When an insured purchases an insurance policy they pay the insurance company money for the insurance coverage. This money the insurance company collects is called insurance "premiums". The insurance company, using the law of large numbers, collects more money in premiums than it pays out in claims. The insurance also makes alot of its money by taking the money earned from premiums and then investing it. As we all know that Life insurance policy cash values are accessed through withdrawals and policy loans. However, withdrawals are taxable to the extent they exceed basis in the policy. Loans outstanding at policy lapse or surrender before the insured's death will cause immediate taxation to the extent of gain in the policy and hence benefits the company.
In most cases an insurance policy for a car goes into effect the moment the first payment is made. In the case of medical insurance there might be a waiting period based on the insurance company. Life insurance usually goes into effect after the first payment is made, but there might also be a waiting period before benefits will be issued.
It should if your insurance company finds out about it before your renewal.