Why is a survey important for an insurance company?

Answer Insurance companies collect premiums in exchange for providing financial relief amidst catastrophe. Insurers profit by investing premiums at higher rates of return than their associated payouts. In... Read More »

Top Q&A For: Why is a survey important for an insurance company

What is a loss control survey by liability insurance company?

An insurance company sends an inspector to evaluate a risk. Depending on the coverage, the inspector will report on what the insured does and/or on-site conditions. The inspector does not determine... Read More »

What are insurance company that will insure you If you are denied by a different life insurance company?

Most companies provide worldwide protection for your belongings. You will need to check with your agent, broker and / or insurance company to be certain. You also want to ensure that you have off p... Read More »

If your insurance company gives you the option of being paid directly by them or by the other drivers insurance company which is a better choice?

Answer Depends on who's going to give you more money and other factors such as will your rates go up if your company pays you, etc.

Why do insurance company ask for Declaration Page from your past insurance company?

Prior Insurance The new insurance company is asking for proof of prior insurance coverage. Some insurance companys have what they call a "proof of prior" discount. This means that you may qualify f... Read More »