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Many insurance companies will issue a claim check as a two-party check to ensure that the money from the claim is used to repair the vehicle or take care of other claim-related costs.
A 2009 Institute for Public Policy Research report entitled Arrested Development: Unlocking change in the police service points to social media and intermediary sites such as reportMyloss as ways of easing the collection of community intelligence by the police. [6]
So, for example, if you have comprehensive coverage and your car was vandalized or stolen, you would file a claim for the related loss. Really, when you’ll file an auto insurance claim depends ...
If your car was only worth $4,000 at the time of an accident and you're looking at $4,500 in body work to fix it, it doesn't make sense for your insurer to pay the higher amount when it can ...
Insurance companies themselves, as well as self-insuring employers, purchase stop-loss coverage for a premium to protect themselves. [1] In the case of a participant reaching more than the specific (or "individual") stop-loss deductible ($300,000, for example), the insurer will reimburse the insured (the company, not the participant) for the remainder of the claim to be paid over that ...
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Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Term. Meaning. Appraisal. An appraisal is a detailed assessment of either the property or property damage. An appraisal is written by an adjuster to estimate the amount of damage from a loss.