What should you do when subrogation claim against me and no renters insurance?
Insurance Subrogating . Read the newsletter found at this site:\n. \nhttp://www.mwl-law.com/newslttr4307.htm
Answer . You have to defend your self just as if the lawsuit was filed by the original claimant. If you have an insurance carrier, tender the claim to them in writing imm…ediately and your carrier should handle it for you. If you don't have insurance, you should hire a lawyer to defend against the claim.\n. \nIn subrogation, the insurance carrier seeking subrogation has the same rights as their policy holder. They bear the same burden of proof that the alleged victim would have had at trial.
You can either retain an attorney or a licensed collections firm, who will employ a variety of collection techniques against the tenant including supplemental proceedings, per…sonal property executions, and garnishment. See the phonebook for lawyers who offer "free consultations."
How should you respond to a Subrogation claim against you for an accident if you do not believe you were at fault Is there a statute of limitations on this type of action?
Yes, there is a statute of limitation for EVERY type of action.
\n. \n Answer \n. \nYes, it's mandatory, a part of the Insurance Contract that you signed up for. They don't let you collect twice. If they collect from the person who …hurt you, then you would get your deductible and co-pays back. F
If you agreed to pay the subrogation claim.. The customary way to respond is with a Check or money order in the amount you agreed to pay.
Is an insurance carrier's right to subrogate against another party by the terms of the insurance contract?
In most insurance policies today part of the terms are an agreement by the insured to cooperate with the insurer. Cooperation requries the insured to participate and assign th…eir rights to the insurance provider for claims the insured has against the original tortfeasor. In the event that the insurer pays a claim that was caused by a 3rd party, the insurance provider will requrie their insured to sign over subrogation rights. In the case of uninsured motorist coverage, the insurance provider's right of subrogation is created by statute.
No, sorry! Unless you mean that your property was wrongfully repossessed (wrong car, etc.) in which case you might have a Professional Liability claim against the repo man or …his client, no.
If you have only liability auto insurance should your insurance provider help you with a claim settlement against another insurance company after a auto accident?
no - your insurer is under no "obligation" to help you. Best bet is to pursue through small claims court. if damage is greater than small claims value - consult an attorney an…d negotiate a reasonable fee (usually a % of settlement amount and you owe nothing if you lose)
Flood is excluded
Endorsement to a property liability policy whereby an insurer gives up the right to take action against a third party for a loss suffered by an insured. Typically, under terms… of the http://www.answers.com/topic/subrogation-clause, the insurer, having paid an insured for a loss, takes over any rights possessed by the insured who has suffered the loss. For example, an insured, John Smith, is hit by another car while he is driving. His insurance company pays his claim and then may sue or attempt to recover damages from the other driver. In certain instances, the insured might want to get a waiver of subrogation rights from the insurer. For example, if a landlord assured a tenant that the tenant was not responsible for damage to the landlord's property, the landlord could make good on that promise only by getting the insurer to waive its subrogation rights. Otherwise, if the landlord's property was damaged by the tenant, the insurer would have to pay the claim and could then try to collect damages from the tenant.
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, acce…nt. This should not make a difference to the patient, as Cigna will cover once the auto insurance coverage is exhausted.
That depends. If the renter has their own flood insurance then the renter could certainly file a claim on it they have a flood loss. If your asking can the renter file a cl…aim on the Property owners flood insurance then the answer would be no. The owners flood insurance would be specific to the owners property, not property belonging to a tenant.
Immediately, your insurer will then advise you of what further steps are necessary to process your claim
Without seeing your policy, it is difficult to answer with certainty. However, when you are renting, by definition, you do not own the premises. Therefore a renter's policy… covers primarily contents. Consequently, subject to the terms and conditions of the policy, a theft claim should be allowed. Be aware that if theft is claimed, the insurer will conduct an investigation to determine that you in fact owned the property, that you were not complicit in the loss, and as to the value of the property. Note also, that it may or may not make sense to make a claim depending upon the amount of your deductible. That is, it may not make sense if the value of the item is only marginally greater than the deductible. It would make no sense if the deductible is greater than the value of the item.
If a person has two or more life insurance policy, what happens in case the insurer passed away?