California Car Insurance Claim
Reader’s Question:
What are basic reasons for an insurance company to deny a claim?
Cassey
Los Angeles, CA
Insurance companies may deny a claim depending on state laws and its existing guidelines and policy terms. Misrepresentations, omissions, concealment of facts, or incorrect statements can lead to your claim being denied. In general, anything considered to be fraudulent or misrepresented as part of a claim will result to its denial.
For example, in the state of CA, failure to notify your insurance company in a timely manner of policy claims may result to your claim being denied. Due to this delay, your insurance company’s right for making an adequate investigation has been prevented.
Since there are other reasons an auto insurance claim can be denied and reasons may vary from one insurance carrier to another, it would be safe to check with your Albany, NY insurance agent to see what specific reasons they have for denying your claim.
Tags: automobile, car insurance
20 Year Term Life Insurance Los Angeles
Reader’s Question:
How much would a 20-year term life insurance cost for a 30 something married man? How do I used those quick quote providers online?
Jeff
Los Angeles CA
The cost of a 20-year term life insurance will be computed based on many factors, which includes age, health, amount of coverage and even hobbies. If all else is normal, a 30 something man will likely have to pay about a couple of hundreds for about $300,000 of a 20-year term life insurance. This is, of course, when other factors are not be included in the calculation.
But since it is unlikely for age to be the only factor taken into account when computing for a 20-year term life insurance premium, the exact amount can only be obtained once you have given all the required information. Health can dramatically increase your premium rate even if you are still young. For instance, if your family has a history of diabetes, hypertension, heart disease, or cancer, any of these conditions can make your premium go up; more so if you are a smoker. Smoking on a regular basis can make your premium rate go up to double the usual rates or even triple that of the regular rates. This is because smoking can lower a person’s life expectancy because of the negative effect of nicotine on the body.
The amount of coverage too will obviously change the insurance rate, as well as, the mode of payment. If the payment is annual, the rate will be lower. But if it is annual, there is usually an addition of 12 percent.
If you want to get an idea of how much you will be rated, you can visit an online insurance provider or broker and use the online calculator. The calculator requires information that you need to provide. The more information you provide, the more accurate are the quotes you will get. Simply fill out the form and click the submit button once you are done. After that, instant quotes are provided from different companies.
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