Cannot be answered here – that information should show up in the contract language of the policy.
Generally, however, the insurance agent will take a deposit premium for the anticipated very first month’s premium at the time that the application for coverage is taken.
The application is essentially an suggest to purchase insurance. The insurance company than analyzes the answers given on the application application in accordance with its underwriting guidelines. Those guidelines lay out the types of risks that the insurer is willing to accept and for what price (premium).
If a policy is issued (because the insurer is willing to accept the risk as identified in the application), a policy will be issued. The front page of the policy is called the Declarations, and will showcase a summary of the coverage, as well as the due date and amount of subsequent premium payments.
If the insurer determines not to issue a policy for a reason that is not prohibited by law, the deposit premium will be returned.
If you are carrying medical insurance is it necessary or wise to also get medical payments coverage as part of your auto insurance?
It is not required. Please keep in mind medical insurance on an auto policy only pays in the excess of what your work med doesnt pay. .
It is a good idea to have the medical payments on your policy because it will also cover any passengers that are in your vehicle if they don’t have health insurance. It will also pay bills right away. You never know if you are going to lose your job or have something else happen. It is good to cover all your basis.
When will a person be required to have total coverage insurance?
usually you only need utter coverage if you are financing or leasing your vehicle.
Can an employer require you to display confirmation of medical coverage before you can drop your existing insurance?
Yes,The way this was explained to me by my companies H.R. Dept. was the fear the company has of being sued. Say you get a nasty divorce, separation or some thing along them lines and out of spite your spouse or wifey drops the family plan, then you or your child get injured and goes to the hospital just to find out that you are no longer covered. Let’s face it, if you can sue because you eat swift food and it made you fat or for spilling hot coffee in your lap this is not that far of a open up.
Can an auto insurance carrier designate their med payments coverage secondary to any other health insurance in CA as a result of an auto loss?
This is gooey, not sure what you mean by ‘designate’ secondary. Assume you are telling your health insurance has to pay very first and med pay picks up what’s left? Yes, in some states that is the practice/permitted. Some states permit dual dipping meaning you can collect from both. Contact the Dept. of Insurance for your state, (should be an 800 number) they will be able to tell you. Also look in your policy it will also tell you for sure.
If your friend takes over your payments while the car remains in your name can he get utter coverage insurance and list the lien holder you make payments to?
Your name must be on the Title or Loan in order to get car insurance under your name. Otherwise this is considered Insurance Fraud. It is punishable by the law.
What do you do if the finance company has put repossession on your car due to non-payment and you wrecked your car and you had no insurance coverage?
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for themoney.
What type of insurance coverage is required on a home when the proprietor has died and the home has not been sold?
Is the prior home policy still active? Is there private property still there? Is the home on the market? Best bet is to either leave it as status quo or call the agent and talk it over to find out what is best.
Is insurance coverage valid if the insured did not make a payment to finalize the policy before an accident occurred?
In most cases, no. There’s usually a waiting period after they receive the payment.
Agreed, if the policy was not in force at the time of the accident the insurer is not liable for paying harm claims.
Can you begin an insurance policy before buying a car in case the lender requires prior coverage?
from a General AgentYes you can begin the policy and pay premium but the actual coverage will commence when you take possession of the vehicle.
Can a father sign over his paternal rights if he is current on child support payments and insurance coverage but does not see his children because he lives out of state?
He can file a petition for the voluntary temination of parental rights (TPR) in the state court that has jurisdiction..
The judge hearing the case makes the decision if it should be granted and if so to what extent..
TPR’s are generally to permit the child/children to be eligible for adoption.
How do medical insurances coordinate payments if you have coverage from two companies?
Most of them require a coordination of benefits form to be packed out before paying claims. Typically only one policy pays. You would have to talk with the companies in question to find out their rules. In the case of children it can be a challenge, the rule that my company went with is the insurance of the parent that was born very first was the primary provider.
How does homeowners insurance medical payment coverage work?
the actual MEDICAL PAYMENTS coverage works like this (in MO, and most states that i am aware of)……….someone is hurt on your property thruNOnegligence of your own…..(ie i just tour and fall for no reason, I’m a clutz-have even seen it pay for poison ivy contracted on a property)…..medpay will pay for medical bills (up to the limit which is low, usually 2k-5k)……only……….no ache and suffering, loss of wage etc……..must be incurred bills……….it will not cover the insured or any residents of the house hold…………there are many exclusions here………now your liability coverage (which is much higher, usually a min. of 100k)……..covers anguish and suffering and medical bills, loss of wage etc……….for injured persons when youAREnegligent in some manner, ie… your wifey wasn’t watching what she was doing and dropped a hot pan on my foot……..your dog bit me………your step crumbled when i stepped on it…….hope that helps
When a dealership requires you to have utter coverage insurance what are they looking for in your policy?
Liability and comprehensive and Collision, this secures them usually in the loan if you have an accidentThese coverages are also listed as:Bodily Injury, Property Harm, (depending on the state you may have to have medical payments and uninsured motorist coverages)Also purchase Rental Reimbursement on the auto policy, contrary to popular belief if you are in accident the dealer will not give you a rental car.
What is dual insurance coverage?
some patients have two insurers because both spouses receive coverage through their employer or because they have purchased an HMO policy to supplement the deficiencies of a basic polic, such as Medicare.
Would one be required to pay off a note on a stolen vehicle when they had utter coverage insurance as well as Gap coverage?
this question has dual legalities each reasonable in it’s jurisdiction. Firstly, the act of vehicle misuse by the act of theft is not covered by any insurance clause i.e, non gave permission for the vehicle to be misused. It only gave protection for remuneration/indemnification should the vehicle is stolen to the possessor or to a third party on the event of an accident . secondly, ways of discouraging theft acts is enterly an issue for the police pursuant to the local laws and has nothing to do with insurance cover policy. However, note that these answers are only for situations where the vehicle proprietor is not the thief but another caught by the police and is being cahrged to pay a bill or two. As for the proprietor of the vehicle, who as at the time of recovery of vehicle must have pre-reported it’s theft to the police and obtained a statement which is forwarded to the insurance hard. where this is the case then, there is not need to be surcharged for the stolen vehicle now recovered. since it is assumed a total premium has been paid for the policy cover against such event occurring.( You may take out the insurance policy document( proposal form ) for that risk cover and re-read the little prints again to be more sure of your rights against such surcharge. -lawstudent-
What is Coverage A in insurance?
Coverage A is the dwelling amount. As in, if it cost $250K to rebuild your house then that is what your coverage A should be.
What is the federal law requiring employers to permit employees to proceed their group health insurance coverage after termination?
The Consolidated Omnibus Budget Reconciliation Act or COBRA is what you are referencing. It permits you to keep your group coverage for a specific period of time provided you pay the premiums. One very significant point here that most people do not know. If you have a family that was covered on the group plan each is eligible independently, you do not have to enroll he entire group. Lilkewise you do not have o enroll the employee but can still enroll the dependents. Say you have a dependent with ongoing medical needs but you are in good health and are willing to run the risk of going without coverage (NOT something I recommend). You can enroll that dependent only and drop coverage for yourself. Also you have 60 days to enroll so take that time to look around for other options.
What is the benefit of having uninsured motorist coverage and medical payments on your auto insurance policy?
The benefit of having uninsured/underinsured motorist coverage is that almost 20% of us drive around with no insurance. There’s also a good percentage of high risk drivers with minimum coverage running around. That’s fairly a pool of drivers we’re up against every day. You want to be able to cover your losses if you are involved in an accident with someone like that..
As far as having medical payments–this protects you and whoever you have in your car for medical coverage. If you don’t have health coverage, it’s a biggie. Medical coverage also protects you if you are walking and get hit by a car.
What is payment for insurance?
Payment of insurance is nothing but the premium paid towards the insurance policy. The premium amount includes the charge of coverage per unit (for example, the charge of coverage for $1000 might be $Ten. So, to have an insurance coverage for $Ten,000 the charge of coverage would be $100) plus the expenses incurred by the insurance company for the policy.
Is medical payment coverage subrogatable in California?
No, it is not subrogable directly by one insurer against another.Many policies do, however, permit an insurer to collect or subrogateagainst their insured if he/she receives a settlement.
What are auto insurance coverage requirements?
It varies by state to state. It also depends on if your state laws are at-fualt or no fault. In Colorado we’re a at-fault state, which means you only required to carry liability. These thresholds are 25/50/15. That means 25k per person and 50k for the total accident. That covers hospital bills, if they were to sue you(attorney fee’s and court fees, etc), and lost wages and whatever else you might be held responsible for. 15k total property harm. Recall liability only covers damages to a 3rd party. (for example: the person you hit and you were at fault). All other coverages are optional. Such as Medical Payment’s, or also known as P.I.P. or individual injury protection. Physical harm coverage for the vehicle is also optional along with towing and rental car reimbursement.
I had a deferred payment and my car was stolen and never recovered. Will my utter coverage or gap insurance cover the deferred payment?
Most gap insurance policies do not cover deferred payments. NOTE -do not accept an suggest to lodge on the deferred payments. This mayreflect on your credit bureau that the debt was lodged for lessthan the ballance in total.
If your home owners insurance is part of your mortgage payment and you stop paying your mortgage what happens to your insurance coverage?
Once you have defaulted on your mortgage or have gone into foreclosure all your rights on the homeowners policy are null and void. all rights of recovery revert to the Mortgage company. .
Basically you become uninsured and the mortgage company remains insured through the policy term. .
Also if the policy gets cancelled due to the foreclosure any refunds belong to the mortgage company.
How much medical payment auto insurance coverage is right?
This question is very rough to response well. I know in PA medical from auto insurance is the very first source used to cover a medical expense. If you have a decent health insurance plan this can provide coverage over top of the medical from your auto..
However,as the deductibles on health care are enlargening and many policies have lifetime boundaries, I would suggest getting a fairly high limit if you are able to afford it, in this category..
Anyone who needs assistance with insurance in PA is welcome to contact me, I work for an independent agency in York PA www.ekmcconkey.com
What procedure is required for empty swimming pool on vacant land to acquire insurance coverage?
There may be laws in some jurisdictions that address this but mainly it is up to the insuror themselves as to what they require in order to issue a policy. Customarily the pool must be totally fenced, emptied, and covered in such a way as to be incapable to collectanywater including rainwater.
Does cigna healthcare have subrogation rights against auto insurance medical payments coverage?
If Cigna had paid on charges which rightfully should have been paid by the auto insurance, yes. The subrogation would be performed by Cigna’s overpayment recovery vendor, accent. This should not make a difference to the patient, as Cigna will cover once the auto insurance coverage is weary.
What is automobile liability insurance coverage?
Automobile liability insurance coverage is one of several types of autobile coverage. It is required by the law of most US jurisdictions in order to register a vehicle for operation on public highways. It is often also required to be shown as a condition of obtaining a driver’s license. Automobile liability insurance is intended to cover the negligent acts or omissions of a driver in the operation of the covered motor vehicle. Depending upon whether it is property harm liability coverage, bodily injury liability coverage, or both, it generally covers the correlating kind of harm sustained by the person who was not at fault. In that sense, it is considered to be “third-party” coverage in that it does not pay for the damages sustained by the insured person. Another aspect of automobile liability coverage is that if the aggrieved party makes a claim against the insured, such as by filing suit, the liability insurer defends the insured by retaining an attorney to defend the insured. The insurer pays the attorney, but also has the right to control the defense, including by lodging the claim.
How do you check your auto insurance coverages?
The best way to review your coverages is to contact your Insurance Agent. Your agent can go over the terms and scope of your Insurance Policy with you and response any question you may have. Reaction: You can find your insurance coverage after determining your harm. You must also be familiar with your entitled insurance coverage mean what are the things that are included in you insurance coverage. You can determince your insurance coverage by completing the docs required for the insurance claim. A detailed procedure link for determining and claiming of insurance is submitted in “Related Link”.
How much insurance coverage do you need to require from your trailers?
The trailers liability coverage is generally an extension of the vehicle, if you want the trailer to be covered for anything else, a separate policy would be needed.
What does collison coverage insure?
Collision coverage pays for the repair or replacement of sheet metal and certain other harm sustained to a motor vehicle as a result of an influence with another object. The scope of the collision coverage is set forward in the insurance policy, and is generally distinguished from the comprehensive coverage that covers other causes of loss. Neither collision nor comprehensive coverage indemnifies for bodily injuries or medical expenses.
What is down the fuckhole insurance coverage?
DTH coverage offers protection against injury or loss to well drilling equipment, casing and logging equipment when it is lost down the drill slot.
What are the coverage characteristics of auto insurance?
Auto insurance usually has several components. Not all coverages are purchased by every applicant, but the basic coverages are as goes after: Liability insurance provides coverage to the named insured and others who are identified by name or by relationship to the named insured in the policy for negligent acts or omissions while operating the insured vehicle. Stated otherwise, if a covered person is legally liable for causing harm to another in the operation of the insured car, the insurer will pay those damages. Because the damages are payable to a third party, liability insurance is often referred to as “third-party coverage”. Liability insurance may be for bodily injury or for property harm, and the policy will specify the amount of coverage that is available for each type of harm. Some policies of commercial auto insurance have “combined single thresholds”, which meld bodily injury and property harm coverage into a total available limit. Medical Payments / Private Injury Protection (PIP) is a form of “very first party” coverage because it pays expenses incurred by the insured. Specifically, it pays a portion of the medical expenses and lost wages insured by the insured and others specified in the policy and/or by statute without regard to fault for the collision. The payments may be subject to a deductible. Under-insured / Uninsured (UM) is designed to compensate the named insured or others designated in the policy by name or by their relation to the insured, for bodily injury, and the effects thereof, if the at-fault party did not have bodily injury liability coverage. Because it effectively takes the place of the adverse party’s liability coverage, the damages recoverable by the insured or other person to whom the coverage applies may be diminished or eliminated according to the rules of comparative or contributory negligence to which the jurisdiction adheres.
What is the minimum amount of liability insurance coverage required for puny businesses in the state of Florida?
If you are speaking of non-auto liability insurance for your business, the state imposes no requirements. That said, if you lease business space from a third-party, the lease may prescribe minimum insurance boundaries, and will generally require that the landlord be named as an extra insured. The amount of non-auto liability insurance that it is prudent to have is another question. It depends upon various factors, not the least of which is whether your business is open to the public (such as a store). If it is not, you will still want liability insurance to cover potential risk exposures relative to the products that you produce or sell. Overall, you have to look to the risk factors attending your business, and assets that you wish to protect. Your best bet is to consult a licensed commercial insurance agent/broker.
What are coverage characteristics of auto insurance?
Auto insurance usually has several components. Liability insurance is the limit of how much the insurer will pay on your behalf to someone you injure while driving. Property harm is the limit of how much the insurer will pay on your behalf to someone on account of harm to their property you cause while driving. Medical Payments / Individual Injury Protection (PIP) pay medical bills up to the limit of the insurance. Fault is not considered. Underinsured / Uninsured (UM) insurance is there for the benefit and protection of the insured in case someone else is at fault and causes injury to the insured. This is very significant insurance.
When your company offers health insurance are you required by law to have health coverage to work Do you have to opt in?
If you are required by law to carry insurance, you can either have it through the employer or provide your own. They cannot legally force you to opt in to their coverage.
What are the coverage characteristics for disability insurance?
Disability insurance is intended to substitute income lost as a result of an illness or accident that is not excluded by the terms of the policy. Stated otherwise, it provides a source of replacement income, for a stated period of time, when the insured is incapable to work because of an illness or an accident if that illness or accident is not excluded from the scope of coverage. Disability insurance is medically underwritten, meaning that the insurer takes into account when considering the application the health condition of the applicant, including preexisting conditions. One applies for a stated monthly benefit and the premium is based, in part, on that amount. Disability policies also have “elimination periods”, which are similar to “deductibles” on property and casualty policies. An elimination period is the period during which no benefits are payable following a qualifying disability. A longer elimination period will generally correlate to a lower monthly premium, because the insurer’s obligation to pay will not be triggered until after the elimination period has passed. The definition of “disability” contained in the policy is also significant. In an “any occupation” policy, the insured must generally be incapable to perform any work for which he/she is suited by practice or education in order to collect. In an “own occupation” policy, the insured must be incapable to perform the material duties of the position that he/she had at the time of the qualifying disability. “Any occupation” policies are generally less costly than “own occupation policies”. Disability coverage can be had in the form of a group policy (such as, through employment), or as an individual policy. There are also “short-term” versions of disability coverage which pay for a maximum of, for example, 90-120 days, and “long-term” policies which can, all other things being equal, pay until retirement age.
What are health insurance coverage characteristics?
In general, health insurance covers the cost of medical or hospitalization care as a result of an illness or injury that occurs or is manifested while the policy is in force. Like other kinds of insurance, the benefits are payable in comeback for the insured paying a premium. A premium is the amount of money charged by the insurer for the coverage. The coverage can be any one of a number of varieties, depending upon what is purchased: 1. Fee for service. This involves the health care provider billing the insurer for a fee, and the insurer paying all or part of it. Generally, there are guidelines that the insurer goes after in determining the amount to be paid, and it is often determined by a community standard. The policy itself provides that the person insured must pay a portion of the charges per visit or occurrence (the deductible), and also what of usually called a co-payment. The latter reflects the fact that a policy may pay only a percentage of the allowable charge, for example, 80%. The corollary is that the insured pays the remaining 20%. In general, the larger the deductible and co-payment that the insured assumes, the lower the premium, because the insurer is at risk for less. Two. PPO. This stands for Preferred Provider Option. In a nutshell, healthcare providers agree to become a part of the insurer’s network of providers, and pre-negotiate fees for stated procedures. An insured who is a member of a PPO typically sees a physician or goes to a hospital that is in the network, and gets the benefit of the diminished fee. The PPO pays the pre-negotiated rate, subject to the insured being responsible for a deductible and a co-payment (as discussed above). If the insured goes to a non-network provider, normally the deductible or co-payment is higher. Three. HMO. This stands for a Health Maintenance Organization. Ir is a form of what has become known as “managed care” and emphasizes preventive care. It has several models, including one involving in-house physicians, and one involving physicians who maintain their own practices but are dedicated mainly to HMO patients. For a stationary monthly fee, the patient is entitled to a range of services. Costs are kept low because medical expenditures are monitored closely and permission is required to see an out-of-network provider.
What test results might an insurance provider require prior to approving oxygen therapy coverage?
Usually test results indicating the medical necessity of the supplemental oxygen are needed before insurance clearance is granted.
How much medical payment home insurance coverage is right?
The right amount would be Zero, It doesn’t make much sense to pay extra for medical coverage on ahome insurance policy when that’s already covered under yourmedical insurance policy. Ever heard of Double-coverge? It’s illegal to get paid for the sameloss twice anyway. Adding Medical coverage on a home insurance policy is generallywhat we refer to as “Beefing up” a policy. Thereis almost a zero chance that it would ever be used due to doublecoverage limitations, but it can entice some less savvy people topurchase the policy.
Is consolidation of insurance coverage permitted?
Sure, So long as your chosen insurance company offers all the lines that your would like consolidated, they will be blessed to do it for you.
Do boat rental companies require extra insurance coverage prior to rental?
Boat rental insurance is not usually required in order to rent a boat from any company. However, because boat rental companies are protected under the law from any injury or accident which may occur while you are renting the boat, it is a good idea to purchase boat rental insurance prior to rental.
What is the normal coverage for cat insurance?
The normal cost for pet insurance varies downright. Just as other insurance does. It depends on location and company and so on. I would suggest calling several or getting online quotes before choosing the best coverage for your cat.
Where can you get a good health insurance coverage?
You can get good health insurance coverage on AARP, Humana One, and Aetna. The companies provide you dental, medical, pharmacy and life insurance. Prices are decent and you can be ready when you are injured or dying.
Is utter coverage auto insurance required for auto financing?
Yes, total coverage auto insurance is required for auto financing. This rule protects the bank if you have an accident.
Does the state of Missouri require rental car to be paid for under utter coverage auto insurance?
No. Rental coverage is something you buy extra. “Total coverage” just means you bought liability, comprehensive, and collision insurance.
Can an insurance company require roof replacement to proceed your insurance coverage?
Roofs require occasional replacement, generally every 20 to 30 years depending on the rating of your roofing materials. Some Insurance Companies will require you update your roof for continued coverage once it has reached it’s expected lifespan. Some companies will permit you to exclude further roof coverage and maintain the rest of your policy. Reactiongive my roof back u ugly insurance company never trust nation broad to date
Are Applicants for disaster ease required to supply proof of residence and information on insurance coverage?
applicants for disaster ease may be requested to wupply proof ofresidence and information on insurance corverage
What is utter coverage auto insurance requirements in California?
When a vehicle is financed, you must have comprehensive, collision, and liability or ‘total coverage’ to protect the bank. I am not sure what you mean by ‘requirements’ other than that. You can also buy “GAP” insurance, for if something happened and your car is totaled and you owe more that it is worth, the GAP will make will make up the difference
What is minimum amount of car liability insurance coverage required?
The minimum amount of coverage permitted varies inbetween states or jurisdictions. In Georgia the minimum limit is 25/50/25 which means a liability limit of up to $25,000 per person with a max of $50,000 per accident for bodily injury and up to $25,000 for property harm. It was switched some years back when it was 15/30/Ten. For most people both of these thresholds are very low if you think about what medical costs and vehicles now cost. Just because you have minimum boundaries does not make your liability any less. If you are at fault in an accident you are still responsible for the harm done to the other party, their passengers, and their property. The thresholds on your policy is what you determine to purchase. The cost is minor to increase your boundaries and I suggest that you ask your agent to showcase you different thresholds and coverages before determining on the lowest permitted by law.
What is the minimum type of coverage for automobile insurance required by law?
This is different based upon the laws of the state where the person lives. Many different states have entirely different boundaries of liability required to register your vehicle. Some also require other coverages besides just liability coverage.