Are insurance companies required to pay car rental in total loss claims?

Answer On One Hand: For the Policyholder.In general, you have the option of adding a rental car rider to your auto insurance policy. If you choose to purchase the rider, then your company must pay for you... Read More »

Top Q&A For: Are insurance companies required to pay car ren...

Do rental cars get stolen and if so do the rental companies have theft insurance?

Unfortunately - yes, rental cars do get stolen. Most rental comapnies have theft insurance, but usually have some sort of deductible.Rental cars get stolen from customers all the time. If you were ... Read More »

Why do insurance companies use a UCR fee structure to pay claims?

Health plans that let patients use providers who are not under contract manage their costs by paying no more than what is Usual, Customary and Reasonable (UCR).Why?UnitedHealth Group President and ... Read More »

How far back do insurance companies keep claims records?

Major insurance companies use Credit Loss Underwriting Exchange, or CLUE, reports to review claims history. This information-sharing bureau keeps records for five years. Most CLUE reports are gener... Read More »

Why do insurance companies want to settle on disability claims?

Many insurers wish to settle long term disability claims. This is especially true when the validity of the claim is clear, the likelihood of the insured returning to work is low, and the insured is... Read More »