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I have a question about auto insurance Would the policy holder get their money back be reimbursed if they added 1 person to their insurance policy and then took them off right away?
ErinJohnsongp1306
No, the person will not be reimbursed for taking someone off their insurance immediately.
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∙ 9y ago
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How are homeowner claims paid to person who had deed but not policy?
Homeowner insurance claims are paid to the policy holder, in a condo and the damages are being reimbursed by the association the deed and title holder gets the refund
Who is the person that is the holder an insurance policy?
policy holder
The holder of the insurance policy is called the?
The holder is the owner, In the case of Life Insurance , the person paid is the beneficiary .
Person who is the holder of an insurance policy?
The person can be called Policy Holder,Insured, Life Assured as the case may be.
Who is policyholder in an insurance policy?
Insurance policy holder is who has entered into a contract with the insurance company providing for payment of a sum of money to the person assured, or failing him, to the person entitled to receive the same, on the happening of certain event. In the case of general insurance e.g. Medical insurance, on paying a prescribed premium, the insurance policy holder is protected against any disease/illness with its preconditions upto a pre determined sum insured amount, by the Insurance service provider.
What is the death benefit in life insurance?
When the policy holder dies, his nominated person gets the proceeds in the form of sum assured plus accumulated bonus, loyalty addition if any from the insurance company where from the policy was bought by the policy holder.
What is the difference between a policy holder and a beneficiary?
the person in whose name the policy is issued legally is known as policy holder the person who gains insurance cover is known as beneficiary ,it may be himself or dependents(nominees)
Who gets the claim money car owner or policy holder?
The car owner and the policy holder better be the same person. If not nobody will be able to get the money. You cannot insure a vehicle that you do not own. If you do the insurance company cannot pay the policy holder because they don't own the vehicle. They can't pay the vehicle owner because they don't have a contract of insurance with the insurance company.
Who needs to insurance the person with the permit?
This is not a readible question!!
Can blue cross be reimbursed on a settlement from an auto insurance uninsured motorist policy?
This will depend on regulations for different states as well as policies. In most cases automobile medical payments will pay before health insurance will be responsible for remaining expenses from an automobile accident. If Blue Cross was billed and paid first before finding out that their was payment due from the person's auto policy then yes, Blue Cross will have to be reimbursed for the payment they made.
What is no risk no fault insurance?
In fact, term insurance policies can be called no risk no fault insurance, as no claim is payable during the tenure of the policy and only in the event of death of the policy holder, claim is payable to the nominated person of the policy.
When referring to life insurance what is the definition of a beneficiary?
When referring to life insurance, a beneficiary is a person specified by the contract holder. This beneficiary will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid.
