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Look at the exceptions they list in the policy. How many of the exceptions state something to the effect of "unless not in the public record" They only pay claims for items that are in the record which means they are insuring you against what you know is not there.
They use the standard exceptions to avoid paying claims
What else can I help you with?
Do you have to pay taxes on a cancer insurance claim?
In the USA you do not pay taxes on the Proceeds from an Insurance Claim.
Does title insurance cover sewer systems not done to code?
Many times the insurance company may sent out someone who has no clue to codes thus they make a mistake and pay the claim
What is the title insurance?
Title insurance is protection that ensures that you are the proper owner of the property and that if someone comes forward with a valid claim to a portion of your property, the title insurance company may have to pay that person the value of the claim. In buying real estate you have to make sure that the seller truly owns the property in full with no defects in title. The title insurance company reviews the land records to make sure of this. If the company states that the owner is the full owner, it backs its opinion with title insurance. Some title defects might not be covered though, but the lawyer helping the buyer will make sure that it is safe to buy the property.
If your primary insurance denies a claim for failure to have a referal will your secondary insurance pay the claim?
Read your policy
Do you have to pay the title insurance?
yes
How long does it take for auto insurance copanies to pay loss wage claim?
how long does it take for an insurance company to pay a loss wage claim
IF Patient primary insurance denied claim because provider is not contracted with them will secondary insurance pay on the claim?
yes
Do you pay taxes on the settlement of an insurance claim?
You do not generally have to pay taxes on an insurance settlement claim. You can check with your tax firm or accountant for the rules specific to your state.
If a vehicle is wrecked then totaled and it has a lost title will this affect the insurance claim?
Totaled vehicles which have been rebuilt generally have a "salvaged vehicle" title, or whatever it's called in your state. Vehicles with a salvaged vehicle title are by definition, not as valuable as the same vehicle with a clean title. If the vehicle is subsequently in another collision, the insurance company will not pay as much since the loss was not as great. Insurance companies only need to pay you for the actual value of the vehicle.
Does title insurance pay if the Deed is recorded incorrectly by title company?
Yes, title insurance can provide protection if a deed is recorded incorrectly by the title company. If a claim arises due to an error in the recording that affects ownership rights, the title insurance policy may cover legal expenses and potential losses. However, coverage specifics can vary based on the policy and the circumstances, so it's essential to review the terms of the title insurance for clarity.
Can a claim against your homeowners be cancelled after it has been reported?
Generally, a claim can be cancelled. If you do not want the insurance to pay a claim, the company will be glad not to pay it.
What effect does a claim has on insurance company?
A claim is a liability on part of the insurance company. If a customer makes a claim it means that the insurance company has to pay the customer for the amount is eligible to claim and hence it is a expenditure on the balance sheets of the insurance company.
