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What else can I help you with?
Which insurance companies pay house insurance claims?
All of them do.
Does auto insurance pay for accidents that were due to illegal activity?
No they do not pay for such claims.
Will supplemental insurance pay for auto claims that medicare doesn't?
If you are speaking of automobile claims, Medicare and Medicare supplements are not related to automobile claims. Automobile insurance should pay the claims related to the vehicle, especially if you were injured. Medicare and Medicare supplements pay hospital and medical bills related to your healthcare.
Do you pay taxes on fire insurance payouts?
no, as claims under fire insurance are totally tax free
Why does the insurance company get paid back the money Isn't that why we pay our premiums?
You pay premiums because insurance companies are a business and they are there to make a profit. Also, the premiums you pay go into a pool of money so the insurance company can pay out claims when necessary.
Does an insurance company pay for a house that has been condemned?
It depends on why it was condemned. Call your insurance agent and claims department and ask them.
What name of acount insurance company set aside to pay claims?
The term you're looking for is "loss reserve." This is an account that insurance companies set aside to cover anticipated claims. It ensures that the insurer has sufficient funds to pay policyholder claims as they arise. Properly managing loss reserves is crucial for an insurance company's financial stability.
Is your insurance affected for car scratch?
Most Insurance companies make their profit by not having to pay for car repairs because of good driving records. Most insurance claims cause insurance companies to pay out money. The only way they can retrieve that cost is to raise the car insurance premium of the insured or raise by a few cents the cost of car insurance spread over many insurers. So, many people do not make unneeded claims to their insurance company if it results in their rates going up.
Will insurance rates go up if no claims were reported?
Insurance rates are not determined by an individual's claims ratios, as the few who have claims could never afford their premiums if that were the case. They are figured over thousands of clients. This is how insurance of every kind works. By use of the law of large numbers, the risk of loss can be figured and these rates applied. Risk is calculated so that those who exhibit the most risk will pay higher premiums while those who have lower risk will pay less. Auto insurance companies usually lose money on claims but hope to make money by investing the sums between collection and payment of claims.
What is claim In adjudication?
Claims adjudication is generally a term found in insurance. It is the process in which the insurance company decides whether or not to pay out on the claim.
How should you answer to get the cheapest insurance?
I would answer honestly. Any fraudulent answers may cause your insurance company to not pay any claims.
If you get into an accident and the other driver is at fault and your car is totaled of course his insurance will pay but if they pay the deductible who gets it?
There is no deductible for liability claims.
