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In a two car accident who is responsible for the deductible?
If you are going through your own insurance, you are responsible for your collision deductible. If the other person is at fault, you can go through their insurance under their liability coverage so you do not have to pay a deductible.
Why there is compulsory deductible in insurance policies?
One to avoid smaller claims preferred by the insured - two treated as a copayment since the insured who prefers the claim should share a meagre portion of the liability.
What are two types of insurance policies?
there are two types of insurance 1. Life insurance 2. General insurance
If you have the same insurance for your primary and secondary can you still end up with a balance you owe?
Having the same insurance company twice, as a primary and secondary, means you are paying twice for the same insurance policy. They probably will not cover the same thing twice, or they may treat it as two different policies and may treat it that way. If they were two different policies, The primary would deal with any deductible and copay before fulfilling its contractual obligation and so would the secondary policy depending on the wording of the contract. Unless there is no deductible and copay, or if one policy covers the deductible/copy of the other, there will still be a balance you owe. There is also the situation where your medical provider will not accept or fully participate in your insurance policy, in which case you may owe the difference between the doctors bling amount and what was paid by the insurance(s).
What is the difference between copay and coinsurance when you have primary and secondary insurance?
A copay is a "set" dollar amount you pay at the time of treatment. For instance, a $35 doctor copay. If you have level one doctor visits, you pay nothing more than the $35 doctor copay. Co-insurance is the percentage you share with the insurance company after your deductible has been met. When you have two policies - your primary insurance will pay first (subject to deductible and co-insurance), and then your second policy starts with the balance left from the primary policy (subject to deductible and co-insurance again). For instance a primary policy with a 5,000 deductible and 80/20 co-insurance of $5000. Your bill for surgery is 6000. You pay 5,000 + 20% of $5000 (1000) = $6000.00 Your balance of your surgery bill is 0
Can you have two separate life insurance policies?
Sure can.
Can one insurance carrier issue two policies to insure one property?
No, two policies cannot be issued against a single property as per Insurance Law.
Can you have two auto insurance policy on one car?
can anybody tell me if its possible (and legal) to have two car insurance policies on the same car? can anybody tell me if its possible (and legal) to have two car insurance policies on the same car?
Can one person have two policies on two different cars?
Can one person have two car insurance policies on two different cars
How many life insurance policies owned in the us?
Two
Can you have two car insurance policies on the same car?
You could!
Can one person have two insurance policies?
Yes, you can have more than one insurance policy.
