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yes it is correct

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13y ago

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If damages were paid by another's insurance co can I submit later and collect from my insurance co for same damages?

Only for the unpaid portion of the first insurance policy. For example, if the first policy covers 80% following a $500 deductable, you can file for the remaining 20% and the deductable on your insurance policy.


Which insurance policy is considered primary if I have two policies?

If you have two insurance policies, the policy that is considered primary is typically the one that pays benefits first before the secondary policy.


Which state was the first auto insurance policy purchased?

Ohio


When did pet insurance become available?

The first pet insurance policy was written in 1890 by Claes Virgin.


How can one sell their life insurance policy?

One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.


What is composite insurance policy?

It is a composite insurance policy(:


Is Medical pay on an Auto Policy primary over Health Insurance or secondary?

No. You will have to use your health insurance first.


What is the difference between a graded life insurance plan and a level life insurance plan?

A graded benefit life insurance plan is offered when the customer has an extensive health issues history. The difference between the graded life insurance and the level life insurance policy is that graded plan will pay less than the face amount of the policy in the first two policy years if the insured dies before the third policy year. Usually in the first two policy years the benefit paid equals the amount of insurance premiums paid plus a %.


What is the executor on a life insurance policy?

The Policy Holder of a life insurance policy is the executor of the said policy.


Why does a non-owner operator insurance policy only kick in after owner's policy?

This is the terms of the contract for this type of policy. It is a secondary coverage policy and there for it will pick up after the vehicle owner's insurance policy pays first. You need to read your policy or look at the terms before you purchase it if this is not what you want.


Will your insurance company pay out life insurance claims in the event of suicde in California?

In most states, policies include a suicide exclusions for the first two years of the policy. I will look at your policy and call the insurance company.


How can you check your insurance policy at Nippon insurance?

call them and ask them to fax your insurance policy.