Tag: insurance-policy
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What does a Personal Liability Umbrella Insurance Policy entail?
Many car and home insurance policies have a coverage limit of less than a million dollars, but it’s not uncommon for claims to exceed that amount nowadays. If a judgment or settlement surpasses the policy limits, the insured is responsible for paying those costs. To increase the liability coverage limit, individuals can acquire a personal…
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What about a Lawyer’s Opinion?
A lawyer’s opinion is based on a search of the public records. So, once again, even the most exhaustive search of these records may not reveal everything. Unlike a title insurance policy, the Johnson Law Office & Title Services is not liable if you should suffer loss because of ‘hidden hazards’ in the title.
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How does title insurance protect my investment if a claim should arise?
How does title insurance safeguard my investment in the event of a claim? In case a claim is filed against your property, title insurance will provide you with a legal defense as per the provisions of your policy. It will cover all expenses related to court proceedings and associated fees. Furthermore, if the claim is…
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What is considered bad faith behavior?
Life and property insurance providers have a duty to promptly investigate your claim, typically within 30-60 days of filing for life insurance or property insurance. Many insurers may try to dissuade you from seeking legal representation by unreasonably delaying your life, homeowners, renters, or property insurance claim, offering a lower settlement amount, or employing other…
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How Are Insurance Claims Handled?
As soon as possible after the accident you should contact your own insurance company to notify them of the car accident. You have the right to call an office at LegalFirmName.com for a free consultation before you contact your insurance company. Your own insurance company is responsible for paying your medical bills and lost wages…
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What factors determine trust status for the person establishing the trust?
There are numerous administrative “defects” that can deliberately activate trust status, but some of the most common include the grantor’s capability to exchange assets with the trust, the trust’s ability to cover premium payments for a life insurance policy on the grantor’s life, and the naming of a Trust Protector who holds the authority to…
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What if I get injured in a motorcycle accident and the driver who caused it doesn’t have insurance?
What happens if the other driver involved in the accident is not insured or has minimal coverage? What happens if I am involved in a car accident with a driver who doesn’t have insurance? What if the responsible party doesn’t have insurance or has insufficient insurance? If you’re in an auto accident, and you’re injured…
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What steps should a victim take if approached with a settlement by an insurance company?
If you’ve sustained injuries as a pedestrian and an insurance company representing the responsible party approaches you with a settlement offer, it is strongly recommended that you consult with a seasoned personal injury lawyer. It is crucial to discuss the specifics of your case and your current circumstances with an attorney, as accepting the settlement…
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What should I do if the individual responsible for the incident lacks insurance coverage?
What are the options if the individual responsible for the fatality lacks insurance? What if I was hit by a driver without insurance? In the unfortunate event that a family member or loved one loses their life due to the negligence of another individual without insurance, the uninsured motorist coverage becomes crucial. Consequently, it is…
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How much does it cost to go through the probate process in Florida?
What assets need to go through the probate process in Florida? The Florida Estate Administration Group offers flat fees for probate services, ranging between $1,500 and $5,000. Court costs for probate cases generally range between $350 and $700. These amounts can vary depending on the size and complexity of the estate, what kind of estate…
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What are the requirements for applying for and being eligible for Medicaid?
Medicaid application eligibility requirements first necessitate having the necessary medical need for Medicaid. Once this requirement is met, there are two additional tests to be passed: an income test and an asset test. Currently, the income limit is set at $2,199, while the assets allowable include a residence, assets up to $2,000, a life insurance…
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What is the concept of workers’ compensation?
Workers’ compensation is a form of insurance that offers financial benefits for medical expenses, lost wages, and rehabilitation costs to employees who are injured or fall ill while performing their job duties. It also provides death benefits to dependents of employees who die while on the job. The workers’ compensation system was established to ensure…
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How much time does it typically take to obtain monetary compensation for a motorcycle accident?
How Much Can I Recover for My Motorcycle Accident? Motorcycle collisions vary widely, and so does the financial recovery possible in every case. How much compensation you can recover will depend on: 1. The extent of your injuries and medical expenses. 2. The damages to your motorcycle and other property. 3. The loss of income…
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What is an Irrevocable Life Insurance Trust and how does it function?
There is a widespread misconception that life insurance funds are exempt from estate tax. While the funds received by your loved ones are not subject to income taxes, they are considered part of your taxable estate. As a consequence, your loved ones may lose over forty percent of the funds’ value to federal estate taxes.…
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What is the significance of estate planning and why is it crucial?
What does the term estate planning mean? Estate Planning is a procedure of preparing for the unexpected in life. Without even realizing it, you have likely engaged in the Estate Planning process most of your adult life ? for example, obtaining a life insurance policy, naming beneficiaries on your retirement plan, or when you are…
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“Should You Get a Prenup Before Getting Married in Florida?”
– A prenuptial agreement, also known as a premarital agreement, is a contract made between prospective spouses before marriage. – It addresses rights to alimony, division of property and debts, and distribution of property in the event of divorce or death. – Benefits of having a prenuptial agreement include facilitating a quick resolution in the…
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Everything You Need to Know About Naming Your Life Insurance Beneficiary
– Business owners can use life insurance to equalize the value of each child’s inheritance or to buy the deceased partner’s interest from their family. – Parents with young children can use life insurance to pay for the expenses of raising children and provide for a surviving parent if the deceased parent was the family’s…
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Common Problems in Resolving Property Titles
– Issues with property ownership can arise when someone dies without a clear heir, leading to potential disputes over property rights. – Poorly recorded or unrecorded liens on the property from previous owners can also create complications, as well as new liens placed on the property after it has been sold. – Title insurance policies…
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Understanding Equitable Estoppel and Insurance Coverage in Florida
1. Equitable estoppel requires a misrepresentation of a material fact that is relied upon by the party asserting estoppel. 2. The party claiming estoppel must show a detrimental change in position as a result of the reliance on the misrepresentation. 3. Equitable estoppel precludes a party from maintaining inconsistent positions to the detriment of another.…
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Answering Your Car Accident Questions
1. In Florida, even if the car accident is your fault, you will still have insurance coverage through personal injury protection (PIP). However, the other driver can still sue you if their injuries are severe. 2. Information about your car accident in Florida becomes public record 60 days after the collision. Until then, only select…
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Florida Law Gives Spouse a Share of the Estate, Even if Disinherited
– In Florida, the surviving spouse has the right to claim a portion of the deceased spouse’s estate, regardless of what is written in the will. – This law, known as the elective share statute, was created in 1975 to ensure that the surviving spouse and children are not left without means after the death…
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“Does Health Insurance Pay for Car Accident Injuries?”
– PIP insurance is required for anyone with an auto insurance policy in Florida – PIP covers medical expenses from car accident injuries, whether it’s the driver’s fault or not – PIP covers 80% of necessary medical costs for drivers and passengers up to $10,000 – PIP also covers lost wages and travel expenses for…
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Understanding Florida’s Personal Injury Protection (PIP) Coverage: What You Need to Know and How to Stay Protected
– Personal Injury Protection (PIP) is mandatory in Florida and is a required coverage under every car insurance policy. – PIP provides coverage for medical expenses and lost wages regardless of who was at fault for causing the accident. – It is important to seek necessary medical attention after a motor vehicle accident, especially if…
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Determining Fault in a Dog Bite Incident in Florida
– Florida law regarding dog bite cases is based on strict liability, making the owner responsible for the dog’s actions, even if the dog has never bitten anyone else. – Other legal factors come into play when determining a dog owner’s liability, such as whether the bite victim provoked the animal and where the incident…