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If I make claims from the same travel insurer all the time will I get banned?

What are the chances of getting banned if I claim from the same travel insurer too often?

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    None absolutely, there are no reasons to be banned once your claims are valid and in order. In such a case they will have to pay you.

    2019.08.01 18:0

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Will our insurance system fail one day?

If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

What auto insurance will reassure me that my family will be able to use the money I saved in case I died unexpectedly?

Be reassured with the insurance that you have by making sure that you read the contract thoroughly. There are ways where life insurance is not applicable or will not cover the death. First, is when the cause of death is suicide. It will also not cover when there are health-related issue to the death nor when illegal activities where done. There are some cases wherein the insurance will not be applied because it is outside the country. When a person also died because of armed conflict. Always make sure that you read what you have signed because we do not want every effort will not pay off.

Does my debt in insurance company may lead to me being sued?

Get out of that agreement with your co worker immediately since an insurance company does not possess the power to ever sue you, nor apply any accusation towards you regarding that matter. The insurance company is probably not legitimate. Wishing you the best of luck!

Can my doctor charge me for co-pay even if I've already reached my out-of-money maximum?

If your insurance company tells you that you are not required to pay for co-pay then it just means that you are not required to. You should try telling the doctor's billing department because in most cases, the doctor's are not informed about this. Once you've consulted with the billing department they should reinburse the money that you've used.

I don’t have immediate cash on me and the month is about to end, can I collect from my insurance?

I just passed by and from my knowing, I don’t think you'd be able to claim the insurance that you have been spending on especially for wants that is most likely out of the question, most insurance companies only release the money that you have been investing on only when you've been injured, deceased or in dire need of help

The insurance company that I invested is closing.

Insurance companies are well oriented when it comes to businesses. But there are times that we think like, what happens to a bankrupt insurance company. Well most of the insurance company are legal and recognized by the government. If it the company is registered to the country. Your insurance is safe. The company has a back up money to pay those people who bought their insurances.

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