Insurance

Being going for legal tussle, it's better to approach Insurance Ombudsman under whose jurisdiction your Insurance Co. falls with all papers/documents. However, their verdict will be binding on both you and your insurer.

Yes the type of policy that covers goods in transit is called a Marine Policy but not having to do with ships necessarily. An Inland Marine policy is the term and type of policy used to cover any loose items such as anything being shipped by any method, a contractors equipment, personal jewelry, art, furs, etc. that exceeds basic limits on a homeowners policy, computer equipment being shipped, etc.

An Insurance Underwriter is a person who determines the risk in insuring a client, evaluate insurance applciation and determine the coverage amount and premiums.

FDIC is a Federal Government provided insurance program provided through Federally regulated banks. It provides insurance protection for depositors so that they will not have to worry about the security of their money deposited in these insured banks. There is a similar program called the FSLIC that provides the same coverage for Savings and Loans. Other programs are provided for Credit Unions and for Brokerage Accounts.

It is not insurance in the customary sense of the term. Instead, it is in the nature of a bail-out program in the event that a financial institution becomes insolvent. There exist limitations on the amount that each depositor can recover per account from the program.

Many insurance agents and general lic misinterpret insurance policies as a saving tool, whereas the same provide coverage against life risks.Though in long term policies, the maturity amount coupled with sum insured and vested bonus turns into a big corpus, it should not be projected as savings account investments, as they are simply compensating your loss, in the unfortunate happenings of loss of human lives and not helping you to make profits.

to avoid a denial for being out of the timely filing period

I assume you are stating "selling" you fake insurance. If so, the answer is yes you can and should sue them for selling you fake insurance. The State Department of Insurance will also probably pursue criminal charges against them as well.

The Excluded person would have no coverage under the policy.

That person would have to have had their own separate policy or there is "no" coverage.

No.

It depends somewhat on your insurance policy. Generally if you had the ring listed on a jewelry floater attached to your homeowners policy then it would be covered without a deductible. To do this you would have had to supply the company with an appraisal with a full description of the item and a dollar amount that it is valued at. You also would pay a small additional premium. This type of floater add coverage for "mysterious disappearance" which means it's covered if you just loose it say in a bathroom when you take it off to wash your hands and its gone. This would not be covered on a normal homeowners policy unless there was evidence of break-in and theft. This is advised for large value pieces of jewelry, art, coin collections, guns, and other high value items that have a limit on your regular policy.

Yes

An example of deductibles insurance is an ambulance taking an injured person to a hospital. The ambulance is usually subject to its annual deductibles.

Risk premium is the compensation investors expect to earn in return for taking risks.

Payment of damages by the insurance company against your Householders' policy is paid directly to your account through NEFT,instead of cheque as was customary earlier.

If you feel that you were properly insured (not under insured) and that you met all the terms and conditions of the policy, then you should write to the company asking them why they will not honour the contract.

Once you have their reply and if you believe they are still wrong, then you can usually go to arbitration (they should tell you how to do this in their reply to you), or you can consult an attorney/lawyer for advice.

Every risk is different, but in general, less than 1 percent.

The judgement rating insurance is whereby an underwriter uses the intuition and experience instead of the manual to determine the rates.

An example for an insurance company rating includes preferred plus, preferred, select, and standard. These classification apply to health insurance. The class is assigned based on the health of the person seeking insurance.

Yes, If you have a lien holder (basically another insured) on your policy. The terms of your contract require the insurer to notify your lien holder 30 days prior to cancellation. If you show the company you have purchased replacement coverage, then they can expedite the cancellation of your policy helping you to avoid double coverage and paying twice during the coverage over lap with the new policy.

Giving them a copy of your new policy, Saves "You" money.

I'm sure that there is a company that will provide the coverage that you need. I always suggest that people go and speak with an Independent Insurance Agent because they contract to sell insurance for many different companies and therefore have access to many different products. A captive agent who works for one insurance company works for that company and can only write the coverage provided by that company which usually very limited. There are specialty companies who write coverage for antique vehicles and do an excellent job at providing this coverage. They market through independent agents in order to offer their products.

There are many insurance providers those offers medical insurance plans, but I would like to suggest you HDFC ERGO's health policies like critical illness and health surksha plan.

Typically your home insurance policy will cover damages that result from Fire, Wind, Hail etc. It just depends on how your counter top got broken and the terms and scope of coverage your homeowners insurance policy offers.

Your repair however would likely be far less than the deductible on your home insurance policy. These are sometimes referred to as nuisance claims by insurers.

In fact when an insurer brings in a new policy, market survey about the viability of the policy is surveyed before hand. Further, the Valuers who are paid fat remuneration packet are there to determine how much premia should be worth while so that the policy can run smoothly for mutual benefits of both insurer and policy holders.

Nothing is obtainable free in this world. So, obviously you are to pay premium for obtaining a contract of insurance against a risk

Not even in Colorado, any where in the world can a convict get a licence to sell insurance products, provided he has not concealed his identity before the authority.