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How long does an insurance co have to pay a loss after receiving proof of the loss?
KevinBrownfb6029
5 to 10 days. Have you heard of diminished value. You must get a diminished value appraisal but basically. When in a car accident your car goes down in value by thousands, DV allows you to recover loss in car value. diminishedvaluereport.org
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∙ 9y ago
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What is the purpose of the proof of loss in the insurance claim?
So people won't make all kinds of false claims just to get money from an insurance company. With the dishonesty in society we can't blame insurance companies for wanting proof of loss before paying a claim.
Can I say anything in court after receiving my 2nd no insurance ticket to reduce loss of license in IN.?
lknmlk
How long does it take for auto insurance copanies to pay loss wage claim?
how long does it take for an insurance company to pay a loss wage claim
How do you handle a ticket for no car insurance when you have car insurance?
Usually you can just take in proof to court that you had active coverage on the date of loss and they will most likely drop the ticket.
How long before you get an insurance claim check?
It depends on the type of loss.
What is policy proof of interest in marine insurance?
A policu which presentation is itself the evidance or proof of Insurable Interest.In otherwords the evidance of Insurable Interest is not to be proved at the time of loss and putting the claim
What does an idemnity clause mean in health insurance?
An idemnity clause in health insurance means that a sum is paid by a party to another party by way of compensation for a particular loss suffered by the party receiving payment.
Do you have to pay taxes on an insurance claim from a house fire?
No. Insurance benefits from a house fire would be considered a swap of assets. You cannot take a deductible loss on your taxes for the loss that was reimbursed by insurance.
Do you pay taxes on hazard insurance pay out?
You mean a casualty insurance payout? The amount that is for the loss of property is not taxable - as long as you didn't (and don't) claim a casualty loss on it for tax. (The payment means you have no tax loss).
Does homeowner insurance cover damage to aluminum siding?
Yes, as long as it was a covered loss. 4lifeguild
How long does it take to be reimbursed for a theft loss claim on your homeowners insurance after EUO?
90 days
What does flood ins payoff cover as far as repairs appliances etc and what documentation needed for proof?
Flood insurance is a whole different animal. But proof of loss is basically the same in all coverages/claims. Proof of ownership can be made by receipt, the damaged property, even an instruction manual can be used, pictures of the item even the fore or background. If repairable then of course an estimate for repair, your carrier will give you the guidelines for proof of loss.
