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In VA if the amount being sued exceeds the amount the auto insurance covers what will the defendant be responsible for paying if the defendant owns no real propery and has no assets but is employed?
Wiki User
∙ 18y ago
Wages will be garnished.
Wiki User
∙ 18y ago
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Will the estate of deceased in NC be responsible for medical bills if the deceased did not have insurance or a will?
Yes, it will be the responsibility of the estate. No will is necessary to open an estate. North Carolina law will designate the beneficiaries, if the estate value exceeds the debts.
How do the insurance total a four wheeler out?
When the cost to repair exceeds their black book value.
Can you take the loan which exceeds the cash value of a life insurance policy?
If one is offered, then yes.
When is a house overinsured?
Ahouse in considered overinsured when the amount of insurance on the home exceeds the cost of rebuilding it in full.
Why would an insurance company declare a vehicle totaled?
An insurance company declares a vehicle totaled when the cost to fix the vehicle exceeds 70% or more of its market value.
Will homeowner's insurance normally cover a property damage claim which exceeds the liability coverage limit from a car accident?
No.
Does any hospital take any insurance?
No. If the hospital has a contract with the insurance company, they will take care of filing the claim. If not, they will bill you and you will have to get reimbursement from the insurance company. Also, if it is a contracting provider, they have agreed to a total amount to be charged for various procedures and if the bill exceeds that amount they will write off the remainder. If they are not contracting, the insurance will still pay only the amount they think is a fair charge, less your deductible or copay, and if the hospital bill is more, you are responsible for paying the rest.
How does your deductible work in home insurance?
The amount of a policy deductible on a homeowners insurance policy is chosen by the policyholder. Your policy deductible is the amount you are responsible for paying before the insurance company will payout for a claim. If you experience a loss to your dwelling or your personal property, your homeowners insurance policy deductible applies. The deductible does not apply to other coverages on the policy. If you experience a loss under your deductible, you will not be eligible for a payout. If your loss exceeds your deductible, your deductible will be deducted from your claims payout check.
What happens if doctors dont send bill to insurance in time allowed?
If the provider exceeds timely filing limits with the insurance carrier the provider cannot bill the patient. The provider must have a participating contract with the insurance carrier also.
What formula is used to determine if a vehicle is a total loss?
Insurance companies will determine that your car is totaled if the cost of the damage approaches or exceeds the car
If your vehicle was damaged but not totaled can you request that the insurance company replace it with a new vehicle if the accident was not your fault?
Fault in the accident is not a consideration. Normally the insurance company or the at fault driver is responsible only for repairing your vehicle and providing you with a rental car. While this may not be entirely fair, it is the system and you agreed to it when you chose to drive. Some states do have a provision that a vehicle must be totaled if the damage exceeds a certain percentage of the total value of the auto. YOur best resource is your insurance agent. lwpat
What are fidelity bond limits?
A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any. A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any.
