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An insurance company is responsible to pay a claim up to the limits of the policy regardless of when the claim occurred if it is turned in during the policy period effective dates

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15y ago

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How do you Make a sentence using discredit?

Your lawsuit will discredit the claims made by that clinic, their methods have no scientific basis.


What isRisk attaching basis versus loss occurring basis?

Risks attaching basisA basis under which reinsurance is provided for claims arising from policies commencing during the period to which the reinsurance relates. The insurer knows there is coverage during the whole policy period even if claims are only discovered or made later on.All claims from cedant underlying policies incepting during the period of the reinsurance contract are covered even if they occur after the expiration date of the reinsurance contract. Any claims from cedant underlying policies incepting outside the period of the reinsurance contract are not covered even if they occur during the period of the reinsurance contract.Losses occurring basisA Reinsurance treaty under which all claims occurring during the period of the contract, irrespective of when the underlying policies incepted, are covered. Any claims occurring after the contract expiration date are not covered. As opposed to claims-made or risks attaching contracts. Insurance coverage is provided for losses occurring in the defined period. This is the usual basis of cover for short tail business.


In what way is it advisable to process claims?

a monthly basis


After closing down a construction company.. do you need to continue to maintain liability insurance coverage for potential claims from the past?

The type of policy you have will determine if you need to keep coverage in place or not. There are occurrence forms, which cover situations that occur during the policy period, and there are claims made policies, which cover claims that are made during the policy period. Claims made policies may cover situations that happened before your policy started. Either way, there is a statute of limitations on how long someone has to make a claim against you. This statute varies from state to state, it is recommended that you check with the department of insurance. Usually it is 1 to 2 years.


When did Verrazano laid basis for French claims in North America?

no one knows


What man's voyage was used in England as the basis for its claims to North America?

Henry Hudson.


Voyages of Samuel de Champlain became the basis of french claims to much of what?

much of canada


Is Tail coverage same as run-off cover?

Tail coverage and run-off cover are often used interchangeably, but they can have slightly different implications depending on the context. Tail coverage generally refers to an extension of liability insurance that provides protection for claims that arise after a policy has expired, particularly for claims made after the insured ceases operations. Run-off cover, on the other hand, specifically pertains to insurance for a business that has ceased operations altogether, covering claims related to past activities. Both serve to protect against future claims after a policy period has ended, but the focus of run-off cover is typically on businesses that are no longer active.


Does homeowners insurance cover hospital from a car accident?

No, Homeowners insurance is for the house. it does not cover cars or car accident claims.


What claims is Jefferson making on the basis that king George's government has not fulfilled the purpose of government?

my massive willy


Does homeowners insurance cover heating and air conditioning units?

It may cover them for certain reasons....call your agent or claims rep.


What is important when evaluating promotional claims?

There several important considerations when evaluating promotional claims. You should focus mainly on the performance of the person in question which would serve as a good basis for promotion.