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Why does fire insurance policy expires on the same date it was issued while motor insurance expires one day before the date it was issued?
Mdenyejohn
12.01 am Standard time at the address of insured
Wiki User
∙ 11y ago
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Are health insurance companies responsible for illnesses diagnosed before policy expires?
Yes if the illness is covered on the plan policy but it will not be covered after the policy expires. Your question asks are health insurance companies "responsible" for illnesses diagnosed" before the policy expires. Actually they are not "responsible for the diagnosed illness. They are required to honor the details of the plan policy as to what they will cover for a treatment billed by a medical provider IF it is not an excluded treatment.
What is the monthly insurance?
A monthly Insurance Policy is a type of insurance policy that expires Every Month, there is no grace period.
If your driver's license expires will you still be covered under your auto insurance policy?
If your driver's license expires will you still be covered under your auto insurance policy?
Is a health insurance policy responsible for illnesses after policy expires?
No. Once the policy plan expires there is no more coverage for treatment of any disease.
Can automobile policy issued to cover retroactively?
No. An insurance policy cannot be issued to pay for an accident that already happened. Why in the world would you think that an insurance company would take on a claim that happened before you purchased the policy.
What benefit is paid if the insured dies after term insurance expires on an extended term insurance policy?
Once the term policy expires there is no further benefit owed to the owner/beneficiary of the policy. You have converted the whole/entire life policy into a term/temporary policy. The cash value was used to pay the premiums for the term policy. Therefore, there is no longer a cash value on your insurance policy. Once the temporary policy expires, a new policy or extension must have been in place before the insured's death to receive any benefit. This is one of the non-forfeiture options standard to insurance policies.
What is a master insurance policy?
master insurance policy In Marine Policy, one Master or Open policy is issued to the Exporter for a fixed amount. Against each shipment, Insurance Certificate is issued against the Master or Open Marine Policy. When the total amount of the Master policy is exhausted,either the value is enhanced or a separate Master Policy is issued to the exporter.
What happens if your policy expires before you die?
If your policy is a term insurance plan, nothing happens. The coverage ends when you stop paying and there's no further benefits. It's similar to auto insurance. If your policy is a permanent plan with cash value, there may be income tax ramifications. If your cash in the plan grew, you may receive a form 1099 from the insurance company indicating a taxable gain. This growth in your cash value may not have been reportable income if the policy hadn't lapsed. If your policy expires before you do, there is no death benefit payable to the beneficiaries of the lapsed contract.
How do you make a claim on title insurance issued?
Contact the claims department of the title insurance underwriter that issued your policy.
Should the insurance co inspect before they give you the policy?
An Insurer will generally have a specified amount of time in which to inspect an insured property. It can be done after the policy is issued.
Who is the beneficiary for your life insurance?
The beneficiary of a life insurance policy is the person or entity designated by you when you apply for the policy and when it is issued by the insurer.
Old policy found is there any value?
That depends upon the type of policy it is. Term insurance has no value once the term expires. Whole life insurance has value, and can be cashed in. Read the terms of the policy. Given that the policy in question was found, and therefore was probably forgotten before it was found, I doubt that is has value - but check and see.
