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∙ 15y ago
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What are the 7 principles in life insurance?
1. buy insurance 2. get into car accident 3.??? 4.profit 5.??? 6.buy more insurance 7.repeat above
What is a policy in insurance?
An insurance policy is a contract between the insured and an insurance company. The policyholder pays a premium, and as long as the premium is paid and up to date, the insurance company promises to pay (cover) a certain amount of money if whatever is covered happens.An insurance policy will cover you from accidents, getting handicap, some can be to cover car accident damage or work accidents while others cover health.Types of coverage:In an automobile accident, liability insurance covers damage to the other car and any injuries to its passengers, whereas collision insurance pays for what happens to your car that the other driver's liability insurance doesn't cover. Comprehensive insurance covers other things that are not covered by the first two types of automobile policies. So if vandals ruin your pain or a tree falls on your car, comprehensive would cover that.A life insurance policy exists to help bury you when you die and to help your family to survive when you are gone.Health insurance covers you in case you get sick. There are different types of health coverage ranging from doctor visits, to hospital coverage, to medication.Homeowners insurance covers things such as fire, theft, vandalism, natural disasters, mold, water damage, etc., depending on the exact policy.Renter's insurance covers things such as theft, vandalism to the property that you might be held liable for, etc.
How does income insurance work, exactly?
You can qualify for income insurance if you become ill long term, or have a serious accident which prevents you from working or earning an income. As with car insurance, you need to choose the insurance package that is best for you. Additional information can be found at the following link: http://www.incomeinsurance.co.uk/
Suppose a retailer promotes its store by advertising a drawing for a free car. Is this car free because the winner pays zero for it?
The car is not "free" because it costs money, labor, and time to produce the car.
What does collision coverage insure?
The repair of damage caused to your car when you caused the accident
What kind of insurance pays for a car accident you are in if the other person involved has no insurance?
Uninsured motorist coverage
What car insurance pays for your injuries when you're in anaccident in your car is?
Car insurance that pays for your injuries when you're in an accident in your car is
Who pays for a rental car in an accident?
Usually, one of the insurance companies pays for the rental car.
If another person has car insurance and has an accident using your car which car insurance is used?
The rule of thumb is that the owner's insurance pays first and, if that coverage is inadequate, the driver's car pays.
Who owns the car after it s been charged off?
I assume your question refers to a car that was financed and was involved in an accident an it was a total lost. The insurance company pays the bank, the car belongs to the insurance company.
Car insurance that pays for your injuries when you're in an accident in your car is?
C. medical
Your sister got into an accident with your car and you don't have insurance she is listed under the parents insurance who pays?
Parent's policy pays
Which insurance company pays if one car has no damage?
The Insurer of the at fault driver pays for the accident.
You were involved in an accident and the dirver hit you from behind sending you into the car in front of you now that insurance company wants you to pay for the repairs what should you do?
Typically that is the way it works, They car behind who hit your car pays for your damages and the car in front that you hit will be covered by your insurance.
Would insurance cover the accident if you were in an accident but were not on the insurance policy but you had your own vehicle and insurance on it?
If the car that was involved, in an acident was insured yea!
You have no car insurance and are involved in an accident that is not your fault does their insurance still pay for damages to your vehicle?
yes
If friend drives your car and hits someone but is not insured by your insurance company who pays?
generally the person who owns the car at fault involved in the accident is financially responsible. hopefully you have insurance and your friend is not excluded from your policy for some reason. if your friend is not excluded then your insurance company should pay
