An insurance company normally has 2 years to contest information provided on an accident and health application. this 2 year period begins on the date that the

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20-06-2018
Business

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An insurance company normally has 2 years to contest information provided on an accident and health application. this 2 year period begins on the date that the

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MrsTriplet MrsTriplet · Answer 1 · 2018-07-03T20:31:14+02:00

This 2 year period begins on the date that the insurance company dates the policy. When a person signs up for an insurance policy they have to provide all accident reports from the past for the insurance company to make sure they are paying the correct amount for what they accrued in the past. Insurance companies base someones rates off of how likely they believe they may file a claim against their policy.

divyanjali714 divyanjali714 · Answer 2 · 2022-06-04T08:26:54+02:00

What is insurance?

Insurance refers to a contractual arrangement in which one party, i.e., insurance company or the insurer, agrees to compensate the loss or damage sustained to another party, i.e., the insured, by paying a definite amount, in exchange for an adequate consideration called as premium.

How long can an insurance company contest an accident and health?

An insurance company can usually contest the information contained in an accident and health application for two years from the date the insurance company dates the policy. When a person signs up for an insurance policy, they have to provide all accident reports from the past for the insurance company to make sure they are paying the correct amount for what they accrued in the past. Insurance companies base someone's rates off of how likely they believe they may file a claim against their policy.

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