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Yes; in fact, it is quite common.
One scenario in which it frequently happens is that of subrogation. When an insurer pays for the repair of its insured's vehicle, it acquires the right of action of the insured to recover that which it paid. If the other driver was insured, and if the two insurers have agreed (in advance) to arbitrate their subrogation disputes, arbitration is the only dispute resolution mechanism that may be used.
What else can I help you with?
What happens if insurance companies cannot agree liability?
Typically they would arbitrate the matter.
What are the types of insurance companies?
There are two types of insurance companies: life insurance companies and casualty and property insurance companies.
How do you use Arbitrate in a sentence?
A third party was necessary to arbitrate a reconciliation between the two former spouses .
What are some insurance companies in Texas?
Some insurance companies in Texas are State Farm and All State. These are two of the largest insurance companies nationwide and have locations throughout Texas.
Is it possible to have car insurance with two different companies simultaneously?
No, it is generally not possible to have car insurance with two different companies simultaneously. Most insurance companies do not allow overlapping coverage to prevent fraud and confusion. It is important to choose one insurance provider for your car.
What are the best Canadian insurance companies that deal in long term insurance?
There are a number of Canadian insurance companies that deal in long term insurance. Two of the better known companies include Senior Years and Manulife.
What companies sell private dental insurance in the state of New York?
There are multiple insurance companies selling dental insurance in the state of New York. Two of these companies are Delta and Medlife.
If you believe the settlement offered for a car that was totaled is too low can it be questioned?
most insurance companies have a procedure to arbitrate when there is a dispute about the value of your property.Most insurance co try to pay the least.If you can prove that your property is worth more than challenge the insurance co. You may have to bring in a licensed independent appraiser on your side to fight.
Is it possible to have insurance with two different companies simultaneously?
No, it is generally not possible to have insurance coverage with two different companies for the same risk or property simultaneously. This is because insurance companies typically do not allow double coverage to prevent fraud and overcompensation.
Which companies offer individual dental insurance?
Many companies offer individual dental insurance. Deltadental and Humandental are two companies that offer individual dental insurance. They can easily be found on their website.
Can you file two separate claims for the same accident with different insurance companies?
No, you cannot file two separate claims for the same accident with different insurance companies. This is considered insurance fraud and is illegal.
What are good car insurance companies in the UK?
Pioneers Insurance and Elephant are both two reputable car insurance companies, located in the United Kingdom. They will provide you with your auto insurance needs.
