Your insurance company refuse to pay a decent compensation for pain and suffering can you sue for a higher amount?
You can sue your insurance company for a higher amount but there is no guarantee that you will win. You will need to have proof and be convincing that you deserve more money for the pain and suffering.
What is the minimum amount of employees a company must have before workmen's compensation insurance is required in Illinois?
What happens if your car is totaled and you are paid up on your insurance but not on your car loan will it be repossessed?
The insurance company would not be interested in repossessing a car that has been completely demolished. The insurance company will pay over any damages to the loan company since it has a lien on the car. You would receive any amount remaining after payment of the car loan. On the other hand, you will be responsible for any remaining balance owed on the car loan. That is why "gap insurance" is important for a financed…
What happens when an insured driver hits someone depends on the state you live in. In a no-fault state you present your claim to your insurance company for payment. In a tort state, you would sue the driver for compensation. If you have uninsured driver coverage, then your insurance company should cover you and/or your vehicle, up to a certain amount. You should check with your insurance company to be sure.
The principle of indemnity is an insurance principle stating that an insured may not be compensated by the insurance company in an amount exceeding the insured's economic loss. "Financial compensation sufficient to place the Insured in the same financial position at the time of a loss, as he was enjoying immediately prior to the loss"
if a person buys full insurance on a commercial building that same person co-owns only a total of 50% share. If this client for instance destroys the building insured, the co-owner will not be able to get a full compensation from the insurance company. The insurance company will only provide the 50% of the total lost amount because that is the limit of the client's insurable investment or interest in the property.
What happens when a vehicle is totaled and you owe a finance company more than what the insurance company offers?
If your insurance pays you for an auto accident and the insurance company for the driver who hit you do you have to return one check?
If the other company only gave you the deductible amount, then probably not. But if both paid you the full amount, then you should turn the other company's check to yours. If the larger check came from the other driver's insurance, I'd return the check from your own insurance company - you're entitled to the deductible amount, if you're not at fault.
The insurance premium is the amount you pay the insurance company every month. The insurance deductible is the set amount which you pay out of pocket for repairs after you make a claim. For example... you may pay $100 to the insurance company every month for the insurance policy and have a $500 deductible. If you file a claim you are expected to pay for $500 of the repairs yourself, while the insurance policy covers…
Will a funeral home wait for you to receive life insurance to pay funeral cost or do you have to pay before funeral service?
Life Insurance Company will pay such amount to you after you submit the death certificate in insurance company. Fist you have to pay to funeral home and after that you will receive insurance amount from the insurance company. Here is link from where you got the local funeral home information in detail and ask them for the same. http://www.allfuneralhomes.com/
In the UK there are two main parts of a compensation claim for personal injury which can be made against an employer: 1. Pain and suffering for your hernia injury and 2. Financial losses as a result of suffering the hernia injury. So far as the pain and suffering is concerned the amount of compensation depends totally on the symptoms you have suffered from your hernia and whether these symptoms are long lasting. Using the…
Double insurance is when you have something insured by two companies like when a husband and wife both have medical insurance on each other. Reinsurance is when an insurance company will insure the customers of another insurance company when the claims exceed a certain dollar amount. It reduces the risk of catastrophic claims to the insurance company that buys the reinsurance policy from another company.
Employee separation compensation is an amount of money above regular wages. It is paid to employees who are leaving a company. Generally, this extra money is only paid when the company is going to be downsizing, is sold, or is going to close. An employee may also be offered separation compensation as an incentive to retire early.
One insurance agent said volunteers don't have to be covered by Workmen's Compensation, that is up to the company/entity's discretion. Another agent said if you want to acquire Workers Compensation for volunteers then write down in the application how many hours will they work and the amount you would pay them. Hope that works. :) Addition - if you do not extend WC to volunteers, you remain responsible for their workplace injuries and damages lawsuits.
Broad answer,Yes. Yes, you can choose to purchase more life insurance than indicated by the life insurance calculator. The insurance company will let you know whether they accept your request or not when you apply for the policy, if they feel you would be over-insured. There is nothing stopping you from buying a policy for a greater amount than the one specified by the company calculator. However, your final eligibility for the same will only…
Term life insurance is what people call "pure insurance." You pay a premium for a specific period of time, usually 10 to 30 years, and the company will pay a death benefit to your beneficiary if you passed away in that time period. You designate an amount with the insurance company and they will pay exactly that amount.
Insurance costs depend on several factors, such as location, size of company, payroll &/or cost of subcontractors and claims history. The owner and manager's experience, kind of work performed, years in business also matter. It also depends on the amount of coverage, endorsements, deductibles and the overall claims history of that class of business with the chosen insurance company. Contact a couple of agents in your area and ask them to give you a quote…
If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency. On the other hand, any amount left over after the loan has been paid will go to the car owner.
The disadvantage of a compensation would be not receiving any kind or amount of compensation and you would not have anything in your hand. The benefit would be in receiving an amount of compensation for any reason or purpose and having some usable amount in your hand that you can use for all of the necessary living expenses and any thing else that you would to choose to use the compensation plan amount for.