4427 W Jefferson Blvd
Fort Wayne, IN 46804 United States
260-305-1844
Call to be connected
Mon - Fri: 8:30am to 5:00pm
Online store always open. Send an email.
Fort Wayne, IN 46804 United States
Call to be connected
Online store always open. Send an email.
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The term ‘insurance coverage’ means, when an individual takes an insurance policy the insured will be covered by insurance company for a specific amount for themselves or the things that he had taken the insurance policy, for which he would be paying premiums to the insurance company. The insurance company will pay the insured in case of damage or claims made by the insured according to their ‘insurance coverage’.
It is the amount to be paid for a contract of insurance to the insurance company. It is the sum that a person pays monthly, quarterly or annually according to their plan, in return of the coverage he/she has taken from the insurance company.
Insured is the one who holds the policy and Insurer is the company that covers the insured.
Beneficiary is the one whom you have nominated for the insured amount in case of your death.
Deductible is one of the several types of clause that are used by the insurance company as a threshold for policy payment for health insurance or travel insurance. Deductible is a decided amount that you have to pay from your pocket while claiming the insurance. For example, you have a deductible of $500, and you have insurance coverage for $2000, then you are responsible for paying for $500 and the remaining amount $1500 will be paid by insurance company.
In order to claim the policy, you have to fill up the claim form and contact your financial advisor from whom you have bought the policy. You have to supplement all the required documents like original payment receipt to your insurance company. If everything is ok, you will be paid within seven days of the policy claimed.
established in 1986, ‘LEGIT’ strives to get justice for their clients. we believe in a good and honest fight, and we will not stop at anything.