What is double insurance?
Double insurance is an individual's insurance, dependent or personal assets by two or more insurance companies. Such dual insurance allows those who have coverage to demand the entire amount of policies, but the total claim must not exceed the actual loss or costs associated with the subject of politicians subscribed. Insurance companies are bound by law in honor of double insurance, but the recipient of these insurance policies must meet certain requirements for competence. Double insurance subscribers have the ability to reject or withdraw certain requirements on the basis of fraud or unfair enrichment. As a result, it is important that individuals insurers understand the independent insurance contracts that include their double coverage and know the process for demands and payouts. Usually, the insurance must come from a group health plan provided to the employer, select an organization or government. The spouses can add each other to their appropriate insurance plans as a rotThe hears, while their children who work but are still considered dependent persons, can be insured within the policy offered by their employer and both their parents' policies. Individuals eligible for insurance sponsored by the government can also be insured by their employer or as a dependent person. The same rules apply to personal assets.
Individual insurance can only be covered with losses and cannot earn their insurance claims. As a result, one insurance plan is considered primary and is responsible for paying the maximum amount specified in politics. The remaining insurance companies complement any costs that primary policy does not apply. This determination system that the insurer makes an initial payment for claims is called the Coordination of Benefits.
Plan Insurance applies directly to the law, either as an employee or member, usually pays first, then PLAn Ana, in which she is written as addicted, pays the other. When parents secure their children according to both their plans, the insurance company with the parent, whose birthday is first in the calendar year, will first pay demands. If parents are divorced, the parent is considered primary. Politics issued by the government usually apply first.
No two insurance contracts are similar. Double coverage does not guarantee that the receivables will be automatically covered. Some policies may expressly deny the coverage of some subjects, services or claims caused by certain situations; require the insured to visit corrective trades, a doctor or provider approved by the insurance company; or require the insured to receive previous permits for such services. The inability to reveal the existence of double coverage to insurance companies can be fraud and allow the subriters who refer to the claims.