What is Double Dipping in Auto Insurance
In the event of an accident, when an insured person claims the losses from his own insurance company and also collects the damages from the other person involved, this act is known as ‘Double Dipping”. A study on auto insurance claims reveals that 1.07% of all recognized insurance claims involve double dipping by the insured knowingl...
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What is Medpay Subrogation in Auto Insurance
MedPay is the short form for Medical Payment Reimbursement which is a provision of the Medical Expense Coverage of auto insurance. Med-Pay laws vary with each state. In California the law protects the right of reimbursement to the insured.
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Is Subrogation for MedPay Allowed in US
It depends on the state in which you live. In some states MedPay subrogation is not allowed. You should check your state laws. But all health insurance companies allow subrogation as they pay your medical bills and then want their money back and will seek it out from your auto insurance carrier. MedPay comes into play only after your auto insurer has met all your medical exp...
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Is Double Dipping Allowed in US
In many states in the US double dipping is allowed. You can check if your state allows it by going the web site of the Department of Insurance of your state. For example Florida currently has laws that allow double dipping ...
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Short Term Auto Insurance
The most important thing to understand about short term auto insurance is that it is not a substitute for the regular annual auto insurance as it serves the purpose of short term use only. The short term auto insurance can be useful when you are on holiday providing you with the temporary coverage. S...
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US Auto Insurance Policy
Auto Insurance Policy is a policy which is taken for cars, trucks or any other vehicles. The main idea of taking auto insurance is to protect your vehicle against any accidents or damages or against any liabilities that could arise in case of an accident. If you own a car, you need to have car insurance. In the United States, insurance policy for car...
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What is No Claims Bonus
Have you heard how up to 75% discount on your car insurance premium? No, a single company cannot be named that would offer you such discount. But the best part is almost all major companies offer you such discount if ‘you’ve been good’. Surprised? Read on to know how you can earn a major discount on your insurance premiums. If you a...
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