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Insurance claims can be paid by the insurance company after the policyholder submits a claim for a covered loss or damage, and the claim is reviewed and approved by the insurer. The payment is typically made either through a direct deposit, check, or electronic transfer to the policyholder's bank account.
What else can I help you with?
What is the title of the person in an insurance company who calculates the amount of compensation to be paid?
A claims representative or claims adjuster fits this description.
Do insurance claims appear on a Carfax report for a vehicle?
Yes, insurance claims do not typically appear on a Carfax report for a vehicle.
How does a life insurance company make money?
A well run life insurance company makes money in two ways: from underwriting profits, which is the excess of premiums paid in minus losses paid and by investment income, which is the money earned on premiums that have been invested before they are used to pay claims.
Ihave just found an old insurance policy belonging to my mother who died 37 years ago how do i know if its been cashed or not?
Normally a policy docment is surrendered to the insurance company to initiate payment. As all insurance companies are different, check with the insurance company whether they have paid out on it and whether they have a time limit on claims.
Is insurance cash value paid to insured taxable?
are paid up insurance proceeds paid to the living person insured taxable
What happen if you don't reveal a felony conviction on your insurance policy?
Insurance could become invalid and if any claims have been paid by the insurance company they could ask for that to be paid back to them.
What is meant by paid to estate on insurance claims?
The amount due was paid to the legal representative of the estate of the person who died.
What is the title of the person in an insurance company who calculates the amount of compensation to be paid?
A claims representative or claims adjuster fits this description.
How many death claims were paid by Primerica Life Insurance as a result of the 911 attacks?
48
How are homeowner claims paid to person who had deed but not policy?
Homeowner insurance claims are paid to the policy holder, in a condo and the damages are being reimbursed by the association the deed and title holder gets the refund
How do you calculate incurred claim ratio in motor insurance?
For a given period, Claims paid during the period+Outstanding claims at the end of the period-Outstanding claims at the beginning of the period
What are the laws on paying out on life insurance claims?
It is a contract. Person dies, claim is paid according to policy.
what exactly does a public ajuster do do you handle homeowners claims?
A public adjuster is an insurance claims adjuster who is an advocate for and paid by the policyholder in appraising and negotiating an insurance claim.for more information please visit Google search.
Was a claim been paid out for Earl Barto for 9000?
I don't have access to specific claims or personal data, including any claims related to Earl Barto. To determine if a claim was paid out, you would need to check with the relevant insurance company or claims department directly.
Insurance claims transmitted electronically are usually paid in how many days?
2 weeks or less, according to my book.
What do you mean by insurance coverage?
You have insurance coverage if you paid the premium required for that policy. The coverage will pay appropriate types of claims during the period of time of that policy.
Can you do the home repairs yourself and get paid by homeowners insurance?
Just contact your Home Insurance Company and ask them about it. Many companies are fine with this for small claims or minor repairs.
