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What else can I help you with?
Does homeowner insurance cover theft on other address?
Usually as long as A). The item stolen is owned by the policyholder, B). The item was not stolen on another property owned by the policyholder that does not have insurance.
What is an health premium?
Insurance is defined as the equitable transfer of risk from one party to another for a pre-determined fee. A premium is another name for this fee, which the policyholder pays to the insurance company in return for indemnity from healthcare costs.
Can you reclaim PPI if the policyholder has died?
If is possible to reclaim PPI. Even if the policyholder has passed away.
What is policyholder reserves?
It is the reserve for policyholders.
Does fully comprehensive insurance cover you third party for another car?
It may do. You will need to read your certificate of insurance and your policy. The usual wording if it does is: The policyholder may also drive any car not owned by the policyholder and not hired by the policyholder under a hire purchase agreement. However such a clause could also appear on a TPFT or TPO certificate. The cover will almost certainly be restricted to TPO in any case- see your policy.
When a policyholder moves into an area served by different bcbs corporation than the policyholder previously used the plan must?
cancel the policy
What are the benefits of third-party insurance and how does it differ from comprehensive coverage?
Third-party insurance provides coverage for damages or injuries caused to another person or their property by the policyholder. The main benefit is that it protects the policyholder from financial liability in such situations. Comprehensive coverage, on the other hand, provides broader protection by also covering damages to the policyholder's own vehicle in addition to third-party liabilities. The key difference is that third-party insurance only covers damages to others, while comprehensive coverage includes protection for the policyholder's own vehicle as well.
What is the difference between a Proposer and a Policyholder?
A Proposer is an individual or entity that initiates the process of obtaining an insurance policy by submitting an application, while a Policyholder is the person or entity that actually owns the insurance policy after it has been issued. In some cases, the Proposer and Policyholder can be the same person, but they can also differ, especially when a third party is involved in the application process. Essentially, the Proposer is the applicant, and the Policyholder is the insured party responsible for the policy.
Can a claim be paid without contacting the policyholder?
Yes, a claim can sometimes be paid without directly contacting the policyholder, especially if the insurer has all the necessary information and documentation to process the claim. This may occur in straightforward cases where the claims process is automated or if the policyholder has provided prior consent for such actions. However, for more complex claims or those requiring additional information, insurers typically need to communicate with the policyholder.
Written authorization from policyholder for their insurance company?
Written authorization from a policyholder for their insurance company is a document that grants permission for the insurer to access specific information or take certain actions on behalf of the policyholder. This authorization is often required for processing claims, sharing personal data with third parties, or allowing agents to discuss policy details. It ensures that the policyholder's rights and privacy are respected while enabling efficient communication and service from the insurer.
What is the difference between life insurance and annuity?
Life insurance provides a death benefit to beneficiaries when the policyholder passes away, while an annuity provides regular payments to the policyholder during their lifetime.
What is ULIP?
According to Investopedia, the official definition for ULIP is "A type of insurance vehicle in which the policyholder purchases units at their net asset values and also makes contributions toward another investment vehicle."
