answersLogoWhite

0


Best Answer

Payment of damages by the insurance company against your Householders' policy is paid directly to your account through NEFT,instead of cheque as was customary earlier.

User Avatar

Wiki User

โˆ™ 2014-07-18 13:53:57
This answer is:
User Avatar
Study guides

Nutrition

22 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

โžก๏ธ
See all cards
4.25
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
8 Reviews

Add your answer:

Earn +20 pts
Q: What is the payment of damages by the insurance company directly to the insured?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If a uninsured car is parked and hit by an insured car will the insured cars insurance company pay for damages?

Only if the insured car was at fault.


Will progressive insurance pay for an uninsured vehicle if the at fault vehicle was insured by them?

The insurance status of the victim's vehicle is irrelevant. The at-fault insurance company will pay for your damages whether your car is insured or not.


Can an insured driver still sue me after his car was fixed by his insurance?

It is more likely you will be sued by the insured driver's insurance company. Just because the other driver had insurance, that does not exonerate you from having to pay damages if you are liable.


If a person has already claimed damages from the at fault drivers insurance company can that person still go ahead and sue the person at fault?

No, the insurance company when settling the claim will have you sign a waiver of damages for their insured before giving you a check.


What is the difference between a company that is fully insured and one that is self insured?

A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.


Name of insurance company who insured Titanic?

the Atlantic mutual insurance company from New York insured the titanic. Company paid $100000 in hull coverage.


Who pays in a civil suit the insured out of pocket or the insurance company?

this all depends on what the suit is.........I'll assume that you are sueing for damages to your vehicle and an injury from the accident.....you SUE the person responsible, if you gain a judgment and there is insurance coverage the insurance company will be bound by the judgment to pay........(they will also be providing their insured with an attorney......) they cannot mention in the trail that there is insurance involved....


What kind of insurance does Direct Insurance offer?

Direct insurance is insurance in which an insurer is directly responsible to the insured. Does not include life insurance. For more on direct insurance check out this Canadian company in Alberta https://www.westerndirect.ca/


What is the uninsured motorist clause about in the US?

The clause in a policy of insurance on a motorcycle, provides that if the owner of the motorcycle is injured by a negligent driver of another vehicle who doesn't have liability or insurance, then the insurance company will pay its insured's damages.


In New Zealand if an uninsured drivers car is hit by an insured drivercar will the insured drivers insurance still pay for the damages to the uninsured car?

In most cases if you are fully insured then your insurance will pay for the uninsured driver's car. However if it is only a third party insurance then most likely you have no cover if it is your fault. However it depends on the insurance company and the policy that you signed.


How can I get my company vehicle insured in Montana?

You can get company vehicle insurance at www.iaai.com.


Can you have one car insured by one company and another car insured by some other insurance company?

Yes.

People also asked