How soon you receive benefit payments varies widely with the kind of insurance, the kind of loss, and the laws of the state where you live. For example, insurance companies usually wait at least 30 days before paying out for a stolen car in the hopes that the car will turn up. Life insurance claims can only be paid after the company receives an official death certificate. (more…)

The objective of life insurance is to provide compensation to the beneficiaries or legal heirs in case of death of the insured. For this reason, there are fundamentals that must be taken into consideration before making a purchase of life insurance. (more…)

The Unfair Claim Settlement Practices Act provides that no insurer may engage in unfair claim settlement practices. Examples of unfair claim settlement practices are:

• The intentional misrepresentation to a claimant any pertinent facts or policy provisions which relate to the coverage at issue (more…)