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What should I know before accepting a cash settlement for an injury from an insurance company?
Wiki User
∙ 13y ago
Before accepting a cash settlement for an injury it is important to know the amount of medical bills as well as any outstanding. In addition, it's important to make sure that you are completely recovered because any expenses incurred after settlement, you will have to pay them out of pocket! Make sure you talk to an attorney and get released for a doctor before settling.
Wiki User
∙ 13y ago
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What are some important factors to considered when accepting an insurance settlement?
Before you accept an insurance settlement consider the long term risks. Will you need more money down the road or in the future and is this settlement enough to cover an unexpected expense that may arise.
How would you be compensated for a hit and run accident if you have full coverage on your vehicle?
your insurance company will pay for the repairs. You may even have a policy that waives the deductible. Be sure to know all your options before accepting a settlement.
Will an insurance company pay if there was no police report?
Most insurance companies want a police crime report number before a settlement is reached.
Where could one get cheap direct general insurance?
There is an insurance company called Direct General and they claim to offer cheap insurance. The writer would advise the reader to be cautious in accepting insurance quotes that are much lower than the rest. Check out the company before signing on the dotted line.
If your insurance has agreed to a settlement but you feel the dollar amount is not enough can you refuse the settlement?
You may want to try and sue the party first, if you except what the insurance company offers you then that is an admission of satisfaction on your part. NO! Once you accept payment from YOUR insurance company (technically, once you cash the check), you surrender any right to persue the matter against the responsible party any further. Your acceptance of the insurnce company's pay out legally assigns your right to recover further back to the insurance company. If the settlement is large enough, many insurance companies will go after the responsible party to recover what they paid out to you (in insurance lingo, this is called "subrogation"). Make sure you are happy with what the insurance company is offering before finalizing things.
Methods to calculate risk assessment in life insurance sector?
what criteria is used to assess risk before accepting to give insurance coverage?
Accepting ojt going to abroad?
When accepting an OJT position abroad, ensure that you have the necessary visa and work permits. Familiarize yourself with the local laws and customs of the country you will be working in. It is essential to have proper travel insurance and thoroughly research the company and living arrangements before you depart.
What if you have a fender bender accident and no police report. can the person you hit still file a claim on your insurance?
Absolutely. You have an obligation to report it to your insurance company and to cooperate with the settlement of the claim. If it was very small you can try to deal with the person directly to keep it from going on your insurance. Be carefull with this because you can't try to settle it your self then turn it over to your insurance company. You can contact them and ask them to get an estimate before you decide.
Debt Settlement Company is increasing in numbers which debt settlement company should one trust with?
Off course, many debt settlement companies are increased in numbers but, one can compare the debt settlement company's policy before taking any debt settlement program. For further details, visit http://debtsolutionsgrp.com
What is meant by unwriting do insurance?
Underwriting means accepting legal responsibility for an insurance policy. In Insurance sector, agents are called the First Underwriter,because they come in personal contact with the proposer. After the proposal form with all required documents are submitted before Insurance Company, the Underwriter by his official powers underwrites or accepts legal responsibility for the particular policy.
How do I report a car insurance claim?
call your company and follow prompts. it helps to have all details written down to keep focused. they will get details, then take a recorded statement. have your insurance ard and registration handy, as well as drivers license if you are going through their company, it will be pretty similar, but they will have to talk to their customer or have an accident report before accepting liability.
Can you charge the insurance company for your funeral before you die?
No
