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Why do disability insurance companies ask if you have other disability insurance?
Wiki User
∙ 13y ago
Disability insurance often replaces up to 2/3 of your income. The idea is to keep money flowing in during times you are unable to work, but not to create an incentive for workers to stay disabled. Insurers want you returning to work as soon as possible, and shorter disabilities keep premiums affordable.
Insurance companies ask if you have other coverage in order to make sure that you won't be making more money while hurt than when at work.
Wiki User
∙ 13y ago
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What insurance companies allow customers to compare rates with other companies?
Most major insurance companies will allow you to compare rates with other companies. You could contact any insurance company and ask if they would assist you with comparison shopping.
The difference between broker and agency?
A broker is an insurance agent who sells insurance from many different companies, not just one particular one. They work for themselves or an independent firm, not the insurance company. This is refered to as a broker and a brokerage firm or agency. What you are refering to as an agency is the sales force of a specific insurance company. They are most always limited to selling just that companies products, and not any one elses. Or they are paid commisions in a way that they only want to sell for that particular company. A broker is usually your best bet, but make sure that they are selling products from A rated companies. And if you have specific companies you are interested in ask them for quotes from them. If they cant give you a quote ask why not, 99% of life and health insurance companies allow brokers to sell their products. and about 95% of property and casualty companies allow brokers to sell their products. So if a broker says they cant give you a quote from a company be sure they have a good logical response as to why not. If not it is probably because they get a lower commission from that company.
Is Buckingham Life Insurance Company still in business?
There is no insurance company in existence that has a name that begins with "Buckingham". Contact your state insurance regulator and ask if an insurance company by that name has every been registered in your state.
How do you trace ownership of a life insurance company who is no longer listed in Virginia?
Contact the Virginia Department of Insurance and ask them for help. They are used to calls like this.
Where would get insurance for a pest control business?
You will need to ask a broker to find a company for you.
What information are disability insurance companies allowed to ask when processing a claim?
Probably just about anything.
What insurance companies allow customers to compare rates with other companies?
Most major insurance companies will allow you to compare rates with other companies. You could contact any insurance company and ask if they would assist you with comparison shopping.
Why do insurance companies ask personal questions?
Insurance companies ask "personal" questions simply because they need to know if your eligible for the insurance or not.
What types of national car insurance are out there?
Most car insurance websites will have a page that compares their insurance to other companies, but of course those companies make sure their insurance looks best. Ask a friend.
Why do you have to let the insurance company know if you already have have a insurance policy with a different company?
The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.
What are some buisiness insurance companies near me?
Im not sure where your location is, but the best way to find out who can help you is to call your local insurance companies and ask them for price qoutes. Contact other buisnesses in your area and ask them who they use.
Can you get mortgage insurance that includes life disability and unemployment?
Mortgage insuranceFor mortgage - I don't know of any companies that offer unemployment coverage other than through the State, those links are on the disability page. If you are self employed you can get unemployment and disability at your option through the State (CA) if your an employee, it's mandatory New answer 11/07/08 - if you are talking about private mortgage insurance, yes there are companies that offer PMI that have an option for disability and unemployment coverage.Add on answer 02/18/2011- You can purchase additional riders for the Mortgage Protection Insurance which is a form of Life Insurance with the premiums to be paid by the company if the owner is disabled or unemployed. Check with your agent first before jumping into any product and ask around.:Yes, you can add unemplyment mortgage protection, as well as disability income benefits to your mortgage insurance policy. A good agent can compare different rates from multiple companies and help you through the process.
Is your car covered if the driver does not have insurance?
If you have insurance on a car anyone who you give permission to drive the vehicle is covered under your insurance. This is normally covered when insurance companies ask if there will be any other drivers for the vehicle.
Can you collect disability if you are have schizophrenia?
Yes, if your disability insurance policy covers mental/nervous illnesses.Most disability insurance policies have a 2 years benefit period limitation on mental/nervous disabilities. Ask your agent if your policy covers these illnesses, and for how long.
How can a auto dealer buy auto savalage direct from insurance companies?
I would contact the insurance companies and ask how to become a vendor.
Is lic is an insurance companies?
yes dear why you ask this questation?
Where can I find cheap rental insurance?
Most major insurance companies offer renters insurance and are in competition with each other. You could start by inquiring with your auto insurer or ask for a quote from another.
