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What is it called when one insurance pays and then gets the money back from the other insurance?
Wiki User
∙ 14y ago
That would be a subrogation lien. One insurance company has paid another insurance company's debt, so they have the right to collect it.
Wiki User
∙ 14y ago
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How do you get money back from lapsed life insurance met life?
how do you get money back from life insurance met
Can we get money back from fire insurance if our properties do not catched by fire?
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what are the benefits of getting a term life insurance?
Most of the time it's because of the money you get back. For instance, paying about 10% on your insurance will give you 5% back which is good money in my books.
What is annuities related to the insurance company?
Annuities are purchased from insurance companies. The insurance company take the money and invests it to try to make more money for the investor. They pay the buyer back in installments.
Are you responsible for the deductible on the insurance of the car you hit if you do not have insurance?
If you were legally at fault, you are responsible to pay all damages to other vehicle. Even if you pay the other persons deductible, that insurance co. will come after you for total amount. The person that you gave the money to for their deductible will then have to give some of that back to insurance co., if they find out that deductible was given to him (her) by you.
What do you do if you get into a car accident with no insurance and you are claimed to be at fault?
You pay all of the expenses out of pocket. Medical, car, everything. Also get a lawyer because if you cannot afford to make the repairs you can get sued by either the other driver or there insurance to get the money back from you not having insurance.
What is the need of insurance in simple words?
if something bad happens to you, you get money back.
How much money you get back from a car wreck?
That is up to the lawyers and insurance companies to determine.
Can you receive your money back on life policy that was cancelled for non pay?
You cannot receive money back on your life insurance policy because you used it for the period of time it was valid. You cannot receive money back on this policy.
Can you still collect on your own insurance without paying the deductible after an accident.?
If you have collision coverage on your vehicle you can collect from your insurance company for the damages. You will not have to pay the deductible if you were determined by the insurance company to not be at fault for the accident. They then go after the other insurance company to get the money they paid you back. If you do not carry collision coverage then you need to file with other insurance company, they will then decide who was at fault for the accident if their party was at fault they then pay you for the damages to your vehicle.
How long does it take to cancel your life insurance policy?
I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it.
My parked car has full coverage and was hit by an uninsured driver?
tell your insurance company and the police and your insurance company will pay everything except the deductible. If you have full coverage than your insurance is required to make good on the damage. It is up to your insurance company to try and get their money back from the uninsured driver of the other vehicle.
