My father died 10 years ago from a accidental drowning accident while tubing at a river, he was not married at the time and I am his only child.Anyway I recently found a accidental life insurance policy that has been in a box for 10 years since his death. I was 9 at the time of his death, and no-one was aware of this policy until just recently. I got in touch with the life insurance company and they sent me all the claim papers to fill out and i sent them the police report and autopsy report and the death certificate. what i was wondering is do you think they will pay for a claim that has been filed 10 years after his death being no-one knew the policy existed until now?
2006-07-02 14:40:52 · 8 answers · asked by Anonymous in Business & Finance ➔ Insurance
yes, they are legally required to honor the claim if the policy was current at the time of death and met the conditions of the policy for payout.
2006-07-07 17:58:44 · answer #1 · answered by Brent J 2 · 0⤊ 0⤋
Doesn't matter. Per the contract, the insurance company is still obligated to pay the claim. You'd be surprised at the amounts of unsettled claims some companies have because they can't locate the beneficiary or no one knew the policy existed.
2006-07-03 15:48:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There may not be a time limit, but are you sure no one else collected it? At age 9, there must have been some other adults that handled the funeral and other details at the time. It could be they were aware of the policy and it was paid out.
2006-07-02 22:50:13 · answer #3 · answered by rcb26 4 · 0⤊ 0⤋
If the company is still operational, then yes they will probably pay given the circumstances
2006-07-02 21:43:20 · answer #4 · answered by rockydriver22 5 · 0⤊ 0⤋
Yes - there isn't a time limit to submit a claim.
2006-07-02 22:38:47 · answer #5 · answered by Anonymous 7 · 0⤊ 0⤋
There should not be a problem. but if you have questions you should call a lawyer and ask they will usually give a free consultation
2006-07-02 21:44:23 · answer #6 · answered by liza 4 · 0⤊ 0⤋
Yes I think they will. I don't think they would ask for the paperwork if there was no chance. They could have said that there was no way and not asked for proof.
2006-07-02 21:44:21 · answer #7 · answered by nastaany1 7 · 0⤊ 0⤋
I think they have to, get the answer before you get a lawyer though.
2006-07-02 21:44:18 · answer #8 · answered by Anonymous · 0⤊ 0⤋