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Can you change the deductible and cap amounts on your health insurance policy without changing policy number?
Wiki User
∙ 15y ago
Probably. Check with your specific insurance company.
Wiki User
∙ 15y ago
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Who pays the deductible when the other person is at fault?
There is not deductible with liability insurance coverage. Liability pays the party who is not fault for their damages without a deductible. If you were at fault collision would pay for damages to your vehicle but you will have a deductible of whatever you selected when you purchased the insurance policy.
Can your insurance company raise your homeowners deductible without you consent?
it depends on the company
What if your employer recently changed insurance companies midyear without telling you your deductible for the year was fully paid Do you have to pay a new deductible now?
Most insurance companies allow credit for the deductible met for services that actually incurred during the same calendar year. Call your new insurance company and find out if they allow the credit and what proof they require.
Can your insurance carrier raise your deductible without your knowledge?
No, they must inform you of changes to the insurance contract. However, if they sent notice, they will usually have file information on when and where sent.
Can State Farm raise deductible on homeowners insurance without your consent?
It depends on the terms of your insuring contract. Maybe yes maybe no, Just read the terms of your insurance policy or contact your insurance agent.
Do I have to pay the deductible on a hit and run in a parking lot?
Without another party for the insurance co. to assess liability to, yes you will. Should be your collision deductible, but it also should not affect your rates when you next renew.
Is a health premium the same as a deductible?
No. When referring to health insurance, the "premium" is the amount you pay to the health insurance company each month to maintain your coverage. The "deductible" is a specific dollar amount you may be required to pay out-of-pocket per year before the health insurance company will begin paying for medical services covered under your policy. The amount you pay toward your monthly premium (or for copayments) does not count toward your annual deductible. Not all health insurance plans have a deductible, and even among plans with deductibles, some services may be covered up-front (preventive care, for example) without being applied toward your deductible.
Can you still collect on your own insurance without paying the deductible after an accident.?
If you have collision coverage on your vehicle you can collect from your insurance company for the damages. You will not have to pay the deductible if you were determined by the insurance company to not be at fault for the accident. They then go after the other insurance company to get the money they paid you back. If you do not carry collision coverage then you need to file with other insurance company, they will then decide who was at fault for the accident if their party was at fault they then pay you for the damages to your vehicle.
Is mid-west life insurance company a good health insurance provider?
I have had mid west insurance for three years and have had no problems. I have 3 children and have been able to go to the er and dr without a deductible issue. I am happy so far! ---------------------
How Your Deductible Can Reduce the Cost of Car Insurance Idaho?
When most drivers in Idaho think about their auto insurance deductible, they think about it as an expense they pay when they file a claim on their policy. This is, after all, the amount of money that all drivers must pay each time they file a claim on their car insurance Idaho. However, it is possible to save money by making a simple change to your deductible.How Your Deductible WorksThe deductible is the portion of money a driver pays out-of-pocket when he or she files a claim. It is common for drivers in the state of Idaho to have a $500 deductible. A $500 deductible is a mid-range deductible that is affordable for many drivers to pay out of pocket if they need to file a claim. Few people enjoy paying the deductible, but this is an affordable amount that generally won't create a lot of hardship. Some people, however, have opted to have an even lower deductible. It is possible to have a $250 deductible. However, the lower a deductible is, the higher the premium is.Putting Deductible Savings to WorkMany drivers do not consider raising the deductible to $750 or $1,000. This is a much larger sum of money for most people, and it would make filing a claim when necessary a more financially challenging prospect for some. However, depending on your specific insurance rates and insurance company, adjusting a deductible from $500 to $1,000 may save you up to 25 percent or more on the cost of your auto insurance premium. Consider putting the money saved by adjusting your deductible into a savings account for a few months until you have the full amount of the deductible saved. After you have the full amount of the deductible saved, you can then simply enjoy the benefits of paying less money on your car insurance rates.Increasing a deductible to a higher amount can be a scary prospect for some, and this especially true for those who live on a tight budget. However, with the savings you enjoy by increasing the deductible, you can soon save up the full amount of the deductible in a savings account. When a claim is filed after this point, you can simply withdraw the cash you need from your savings account. The fact is that many people go for years without filing a claim, and during this time, you could be saving money on your auto insurance rates. Consider getting a rate quote for a higher deductible today.
If you get into a wreck and you were the one in fault and the other person does not have insurance what will happen to them and will your insurance cover it?
Every state is different. Where I live, if you are the responsible party in the wreck then your insurance has to repair the vehicle that you hit. You will be responsible for paying your deductible to have your vehicle fixed. Also the driver without insurance will be ticketed by the authorities if they are present.
What if someone hits your car and they leave the scene without exchanging information?
In this case you would use your Uninsured Motorist coverage if you have this coverage. Your UM coverage will pay for damage to your vehicle less your deductible. If later the person is found and their insurance or they personally pay for the damages then your insurance company will get reimbursed and you will also get back your deductible that you paid in you UM coverage.
