0
What is the amount you pay before insurance company pays anything?
Wiki User
∙ 12y ago
deductible.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is franchise in insurance?
A minimum amount of loss that must be incurred before insurance coverage applies
How much does a person need to spend on a company credit card before its considered a crime?
If the person is not authorised to use the company credit card, anything they spend is fraud - no matter how much or how little the amount !
What happens if your insurance company has allowed more for your roof than the estimate who gets the balance of the money allotted in the claim?
The amount initially reserved for a claim is called the reserved amount. This is the amount the insurance company estimates through observation may eventually be necessary to repair the damage. The final amount paid could be less or more than the amount initially reserved for a claim. It is not uncommon for the insurer to reserve a certain amount and then wind up paying much more before all repairs are completed. The insurance company knows that once repairs begin, other damages could be revealed that were not readily apparent upon initial inspection. The bill could rise as the repairs progress. This is why it's usually best to let your insurer deal with the roofing company directly. If the company has sent you a check as final settlement, meaning that is all they are going to pay and they have closed your claim and you mange to get the work done cheaper than the settlement, then you are allowed to keep the balance. If the insurance company is dealing directly with the roofing company they will pay the amount of the final repair bill, not the estimate.
How do you check status of old insurance policy with occidental life insurance company of California?
Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the company is sold, then it must notify the Dept of who it was sold to. If it just closes down, its policies were likely sold to another company, the Dept will have to be notified of that as well. Contact the CA Dept of Insurance and inquire there.
How do you find the company that now has your life insurance policy issued decades ago by now-defunct Universal Life Insurance Co of Richmond VA?
Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the company is sold, then it must notify the Dept of who it was sold to. If it just closes down, its policies were likely sold to another company, the Dept will have to be notified of that as well. Contact the VA Dept of Insurance and inquire there.
What is health insurance deductible?
That's the amount of money you have to pay before the insurance company will pay anything. Sometimes it's $500 sometimes it's much higher.
What is a deductible in auto insurance?
A deductible in any kind of insurance is, basically, the minimum amount before the insurance "kicks in." On any repairs covered by your insurance, you will have to pay the deductible amount before the insurance will pay anything.
The required initial amount you pay before your receive insurance benefits is called the?
its called the deductible. ask an insurance company about it.
What is The dollar amount you have to pay before an insurance plan takes effect and the insurance company starts paying called?
deductible
Difference between a deductible and a premium?
A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.
What is the minimum amount of employees a company must have before workmen's compensation insurance is required in California?
50 employeess
What is the amount of money that the policy holder must pay before the insurance company will reimburse an insured loss?
deductible
Will a funeral home wait for you to receive life insurance to pay funeral cost or do you have to pay before funeral service?
Life Insurance Company will pay such amount to you after you submit the death certificate in insurance company. Fist you have to pay to funeral home and after that you will receive insurance amount from the insurance company. Here is link from where you got the local funeral home information in detail and ask them for the same. http://www.allfuneralhomes.com/
What is the minimum amount of employees a company must have before workmen's compensation insurance is required in Illinois?
One. Workers compensation insurance can be carried on a one person company or not. However, if the company employs more than just the owner, workers compensation insurance is required.
What is your annual pre-tax salary?
Your gross salary - meaning the amount they pay you before they take anything out for taxes (or insurance, etc.)
What is a deductible?
A deductible is the amount that you must pay out of pocket before the insurance company will start making payment.
How do you figure the amount of premiums paid into life insurance policy?
The premium is calculated on the basis of many factors. The insurance company will calculate the premium and inform you before you buy the policy.
