You would need to inform the insurance company and reimburse them for the amount paid or give them the ring, your choice. If you don't inform them you are guilty of insurance fraud. This claim would have to be for a scheduled jewelry floater or payment would not have been made. The floater is the only policy that will pay for mysterious disappearance. A normal Homeowners policy without the floater would require proof of break-in to be theft. The floater also has no deductible usually. It does require appraisals of the items covered.
Your supposed to refund the money back to your insurer to avoid fraud charges
You need to contact your insurance agency immediately. You could be charged for theft. You will need to return the money.
hi
Without anything damaged, lost or stolen there is nothing to claim.
Treatment of goods lost by fire etc. and insurance claim thereof :--Goods worth Rs. 10,000 lost by fire. Insurance claim is yet to be received for Rs. 6000.In this circumstance, goods worth Rs.10,000 (which is lost by fire) is to be credited in trading account separately ( not to be clubbed with closing stock).Then since Rs.6000/- is to be received by insurance claim. (so we are not received ,we have to receive)so this should be posted at asset side of the balance sheetRs.4000/- to be debited in profit loss account.(Because its a loss)
Technically you would notify the insurance co and pay back the money....wouldn't you?AnswerMost insurance policies have provisions explaining what you are supposed to do if you recover lost property for which you have been paid under the policy. Usually the provision requires you to notify the carrier you have recovered the item, and then either return the money paid, or give the recovered item to the insurer. You have to read the provision in the policy.hi
You will file a claim through your insurance for the loss of the vehicle as well as lost income, etc. You must be able to prove the lost income and related expenses. Your insurance company will take care of the claim so that you can get back to business, then it will file against the insurance carrier of the at-fault driver.
Yes. As long as you were insured when the accident happened they will pay the claim.
If you take everthing from the lost and found youget everthing from the lost and found. That's why its there, so you can steal it. The animals in your town don't claim anything.
In order to replace your lost insurance card you will need to contact your insurance company. Their contact information is typically found on the back of the card, but if the card has been lost, it is probably best to go the insurance company's home page to get their contact number.
In Insurance to ensure something lost or not lost it means if neither you the assured nor the insurer are aware of a loss at the time of effecting the insurance IE drawing up the policy you the assured can claim on the insurance.But if you don't have interest at the time of effecting the insurance you cannot claim once you are aware of the loss it will be unfair to the insurer to allow the insured create insurable interest once he knows about the loss because practically it is possible to create such an interest.As such the extent of the interest should be demonstrated by the insured.
You will have to read the contract. Insurance contracts differ.
Sure, if the policy is still in force and a claim was never made on the policy before. It is surprising that no one had filed the claim before. Just because you found an old life insurance policy in a box doesn't mean it wasn't claim previously. The executor of the estate would have had the obligation to search records and files and make claims on any active life insurance policies. Even if they didn't have the policy, they could have signed a proof of lost policy form and filed the claim on the policy after death. It's worth checking with the company for to make sure. If it is still active they will pay interest in addition to the death benefits.