Can my insurance company refuse me coverage?

June 30, 2024 No Comments

A: Insurance isn’t always as straightforward as other products, and insurers can deny coverage in many different instances. Non-Renewal of Insurance Coverage An insurance company is not obligated to renew an insurance policy for any of its policyholders. Should a policyholder have excessive claims or a change

Can my insurance company refuse me coverage?

July 7, 2024 No Comments

Can roommates share renters insurance?

June 30, 2024 No Comments

A: Under some all-perils renters insurance policies, roommates can share insurance by both being listed as named insureds on the policy. Some states and carriers do not allow sharing of policies. Coverage Limits When looking for a renters insurance policy, both roommates should agree on

Can roommates share renters insurance?

July 7, 2024 No Comments

Can you fund nonqualified deferred compensation plans with life insurance?

June 30, 2024 No Comments

A: It is possible to fund nonqualified deferred compensation plans with life insurance. A nonqualified deferred compensation plan is a binding contract between an employer and an employee. The employer makes an unsecured promise to pay an employee’s future benefits, subject to the specific terms

Can you fund nonqualified deferred compensation plans with life insurance?

July 7, 2024 No Comments

Can your insurance company cancel your policy without notice?

June 30, 2024 No Comments

A: In most states, an insurance company must give a policyholder written notice of at least 30 days before canceling a policy. The policy between the insurance company and the insured is a formal contract that specifies the reasons the insurer can cancel the policy

Can your insurance company cancel your policy without notice?

July 7, 2024 No Comments

Can your insurance company drop you after an accident?

June 30, 2024 No Comments

A: It is possible, but highly unlikely, for an insurer to cancel a policy after one accident. If the accident results in a suspended driver’s license or is alcohol- or drug-related, however, there is a higher likelihood of the policy being canceled. High-Risk Drivers Insurance

Can your insurance company drop you after an accident?

July 7, 2024 No Comments

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