0
When a claim is filed do you only get the amount of the policy?
Wiki User
∙ 10y ago
You can only collect the amount of your actual loss but no more than the limits on the policy. If a person does not have enough limits on his policy and he hit you then you can sue him for more but you will not be able to collect the policy limits amount then still sue for the remainder of the loss.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What are the components of a typical professional liability policy?
Claims-made: A type of professional liability insurance policy that covers injuries/damages only if the injury occurs in the policy period and only if the claim is reported or filed to the insurance company during the policy period or during the tail.Occurrence basis: Professional liability insurance policy that covers injuries/damages that occur during the period covered by the policy even though the claim may be reported or filed outside the policy period.Tail coverage: An uninterrupted extension of the insurance policy period, also known as the extended reporting endorsement.Umbrella coverage: Coverage purchased in addition to a basic liability policy that provides additional amount limits and/or adds coverage for events not covered in the basic policy.
Should you put a claim if your wedding ring was lot or stolen on your homeowner insurance?
It depends on the cost of the ring and the amount of your policy deductible. Most deductibles are at least $500.00. If your ring only cost $499.99, you will receive nothing from your company. If your ring cost $510.00, you will only receive $10 from your company. Even of you don't receive any money from the company you will have to admit that you filed a claim anytime you try to get insurance in the future. Take a look at your policy to determine the deductible and find out the cost of your ring.
Will it go on your insurance as a claim if a police report is filed but you pay for the repairs to the other person's car yourself?
It will not go against your insurance because a claim has not been filed only a police report.
Can you make a claim on your own policy?
Unless it's liability only
I had a house fire last year and my insurance company dropped me after the claim Can my girlfriend purchase a homeowners insurance policy and claim that she has never had a canceled policy?
She can buy a new policy all day long and claim she had never had a policy cancel if: 1. She is the only person on the deed to the house. 2. She never had a policy cancel.
A policy with aggregate limits will limit only the what?
A policy with aggregate limits will limit only the total amount that an insurance company will pay out for all claims during a specific policy period. It sets a maximum limit for all claims combined, rather than a specific limit for each individual claim. Once the aggregate limit is reached, the policy will no longer provide coverage for any further claims.
I filed bankruptcy on the entire amount owed on my home will my ex only be reliable for half of what was owed since i filed on the entire amount owed?
Yes, Your ex should have the responsible for the half of what was owed.
What is no risk no fault insurance?
In fact, term insurance policies can be called no risk no fault insurance, as no claim is payable during the tenure of the policy and only in the event of death of the policy holder, claim is payable to the nominated person of the policy.
How do I reopen an insurance claim?
It's time to hire a professional after your unfortunate encounter with the insurance company. When your policy provides a maximum amount and your damage indicates that you require claim assistance, you should be able to access those funds. You only need to contact a public adjuster. They will review all of your documents as well as the paperwork you previously filed. Then they'll decide whether you have enough evidence to reopen the case. You can visit the website of Bharatclaims for more information regarding any insurance claim settlement. I hope this will help you !!
What are the three other pleading documents after a complaint?
The defendant files an Answer to the Complaint. If the defendant wants to make a claim against the plaintiff a Counterclaim may be filed as well. If there are several defendants and the defendant wants to make a claim against one of them, a Cross-claim is filed. If the defendant wants to make a claim against a person who is not named in the suit, a Third Party Complaint is filed. If the defendant files an Answer only, plaintiff is not required to file any further pleadings.
Can the executor get the amount of the life insurance policy?
NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.
How can a claim be dropped if the other party was at fault and you had only liability insurance on your vehicle?
If you are the claimant, then you just contact the insurance company where you filed your claim again and inform them that you wish to withdraw your claim for damages. If another person is the claimant, then it is up to them to pursue the claim or not.
