Comment posted How do you define double dipping on insurance? by mbrcatz17.
Double dipping is collecting twice on the same claim. What you are describing is NOT double dipping.
It’s not up to the policyholder, or the insured, to determine which policy is primary. The problem is, it’s written into the POLICY how it covers, if another policy is in place. So if they get a medical bureau report that another policy is paying, red flags go up, and it’s possible BOTH policies will stop paying. It’s equally possible that no flags will go up, and this arrangement will work fine.
mbrcatz17 also commented
- Yes, also this could be considered as insurance fraud since either company is aware of the other. You can list one as primary and secondary. I would get this squared away with your agent before you have a big problem.
- most insurance companies look at this: (1) divorce decree: who is court ordered to maintain coverage? that person who is listed – their ins will pay first. – if that is not mentioned, then (2) who has primary custody? if joint custody, then WHO is the primary custodial parent? – that would be who would be primary. (3) if neither of those apply then usually it will be who had the insurance longer in place…or who’s parent’s birthday falls first in the year (not the year, the month/date) but probably who’s insurance was in place longer…. call the other carrier ASAP and report that the children have coverage with the other plan, give them details, fax in the card copy. you have now released your liability from the situation by reporting it ASAP. same goes for your carrier, you need to report the other insurance immediately. most of the time if both parents furnish a copy of the Div Decree promptly with card copies of the other insurance determining who is primary can be resolved easilily. it is those that drag their feet /producing the documents and that holds up claims processing. lastly, both ins cos probably can pay, but will probably only pay in the coordiation of benefits order. primary first, then secondary a minimal portion. most second plans do not pick up the difference anymore.
- Neither insurance will pay citing other coverage. You will go from having two insurances to having none. You need to establish one as primary and the second as secondary or you will have a denied claim.
- While this is not double dipping, it is not smart. In the divorce decree, who is listed as the one responsible for the health care of the children? Their insurance would be primary. Has the mother listed the other insurance coverage on her new husbands policy? If not, it is indeed fraud. She knowingly withheld the other insurance information.
Get your attorney on the phone. It could get ugly.
- It’s another way of “acquiring another insurance”. Fraud
Recent comments by mbrcatz17
- Why are certain credit cards that I have had not showing up on my credit report?
Your agreement with the credit card company has absolutely nothing to do with your credit report. Of course you still owe the money!Have you checked all three credit bureaus? Sometimes a creditor only reports to one. Some creditors don’t bother to report till you default. There’s no requirement for creditors to report good payment history.
You can have the two cards added to your report. The credit bureau will charge you. Check here: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm
- How Much Cheaper Are Loans And Mortgages For Bank Employees?
Bank employees definitely get a discount. Here in South Africa our interest rates at 10.5% and our banking staff, depending on which bank, gets up to 3% discount off prime. So I would suggest finding out from your human resources or personnel office what they offer. You won’t get a discount on the car but you should get a discount on the financing. - How Much Cheaper Are Loans And Mortgages For Bank Employees?
Rates are the same, but in some banks ( not sure about Barclays) employees get a price break on closing costs, like low or no Processing fees, low or no Underwriting fees…. but thats about it. - How Much Cheaper Are Loans And Mortgages For Bank Employees?
Neither. A bank employee wouldn’t be supplied with a car unless they are an higher ranking executive just like at any corporation.
Certainly they don’t get a 10% discount – they pay the same rates as everyone else. - Why are certain credit cards that I have had not showing up on my credit report?
Well, both should still be because one you just pay off last year, that should be on your credit report till 2012, and the one that you are still paying. I hope you are paying on time…because you should request them to report to the three credit card agencies. (this is the only reason that I can think of that they are not on your credit report). Yes, you are still responsible for this one you are still paying. Just because..you did spend the money, and I am very sure for definitely that this credit card company will report you to three credit agencies one you are late on your payment, which will ruin your credit score. So keep paying on time and request them to report to the credit agencies. Because that will only help you with your credit score due to your debt ratio is lowered, paying on time, and longer credit history. So to take action to request them to report to the credit agencies.
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