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When a claim is settled by a little insurance company acquires all rights and claims of the insured against any other person who is responsible for the loss. this is known as?
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Who owns the Contents Insurance company?
There is no company called 'Contents Insurance', however it is possible to buy contents insurance from many different insurance companies. Contents insurance is normally bought on your primary residency, this will cover you against unexpected loss.
What is recourse for homeowner whose insurance company paid contractor in full and contractor refuses to complete the job as agreed to with the insurance company?
Your contract with the tradesman is between "You and the Contractor", He did not contract with your insurance company. All the insurance company did is agree to pay the bill for you. So you would need to bring your own civil or criminal action against your contractor depending on the circumstances.
What happens to the employees when one company buys another?
The new company acquires the files. When you buy a company, you also buy everything that is owned by that company, which includes files.
Does an insurance agent have to disclose the name of the company that insures his client if there is a claim against his client?
To make this clearer I called this agent stating I wanted to make a claim against his client. He is an independent agent, and sells insurance from many companies. He is giving me the run around. Is required to tell me the name of the company that insures his client?
What is a company which offers cheap household insurance?
A company that offers cheap household insurance is a company that provides insurance for more household items than the average insurance company at a lower rate. An example of such a company is GEICO.
Who is responsible for damage from car wreck in rental car?
If you purchased the rental company's insurance option then the rental company's insurance is responsible. If you did not purchase the insurance option, then YOUR insurance is responsible.
How do you find an auto insurance companies legal name to use to file a small claims law suite.?
First off you really don't need the insurance companies name because you are not filing suit against the insurance company. You always file suit against the party who is liable for the loss and that is the party that caused the accident itself and not the insurance company. They were not even there right? When you file suit against the owner and driver of the other vehicle they will be responsible for turning your claim over to their insurance company who will represent them and pay any loss that they are responsible for to you. That's all you have to do.
What should you do if your brother got into an accident driving your car and is not on your insurance policy and doesn't have his own insurance?
The claim will be made against your insurance and the company will decide if they will pay it. If they do, your rates will increase. If not, the responsible party will have to pay for the damages.
What is a stock company?
One who acquires ownership by buying shares which are the wealth of the company. Prophets depend on success and share of stocks. If company fails, one is responsible just for his own share.
Who is responsible if your car was hit by rental car and driver had no insurance?
The Rental Car Company is responsible if they allowed an uninsured driver to rent and drive their vehicle. You will need to file a claim against both the driver and the rental car company.
What is a joint stock company?
One who acquires ownership by buying shares which are the wealth of the company. Prophets depend on success and share of stocks. If company fails, one is responsible just for his own share.
If my neighbors house catches on fire and mine is damaged who is responsible for damages?
In all likliehood - your insurance company would pay to repair your dwelling and then they would take action (called "subrogation") against your neighbors insurance company to collect from their insuror.
What does the word subrogation mean?
When an insurance company pays out on a claim and then files their own claim against another responsible carrier to recover any money paid out.
How Surety can be compared to insurance policy?
Both insurance and surety provide protection against financial loss. Insurance anticipates losses and charges a premium with that in mind where surety companies expect no loss and the premium charged is a 'service fee'. Surety bonds involve three-parties the surety company, principal and obligee. Insurance involves two-parties the insurance company and the insured. With insurance the risk is transferred to the insurance company where as with surety the risk remains with the principal. The surety is providing a guarantee against loss by agreeing to be responsible for the obligation of the principal.
Who is responsible for damage to car when being towed by company car?
towing company should have insurance
Who is responsible for a deceased person credit card?
Bank's Insurance company
Who is responsible if your car is vandalized while parked in your apartment complex parking stall?
You and your insurance company are responsible.
