Betty is a forty-year-old auto worker, who owns a disability insurance policy. Last week she hurt herself on the job and has been told she will not be able to go back to work for at least eight weeks. Betty asks her agent how soon she must file a claim with the insurer and if there are time limits for providing a proof of claim. What must Betty's agent tell her?
1) She can file the claim whenever she wants as long as she has the proof of occurrence of the disability.
2) She must file the claim within 30 days of occurrence of the disability and submit proof of the claim within 90 days.
3) She must file the claim within 60 days of occurrence of the disability and submit the proof no later than six months.
4) She must file the claim within 15 days of occurrence of the disability and submit the proof of the claim within 60 days.

Question

01-02-2024
Business

High School

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Betty is a forty-year-old auto worker, who owns a disability insurance policy. Last week she hurt herself on the job and has been told she will not be able to go back to work for at least eight weeks. Betty asks her agent how soon she must file a claim with the insurer and if there are time limits for providing a proof of claim. What must Betty's agent tell her?
1) She can file the claim whenever she wants as long as she has the proof of occurrence of the disability.
2) She must file the claim within 30 days of occurrence of the disability and submit proof of the claim within 90 days.
3) She must file the claim within 60 days of occurrence of the disability and submit the proof no later than six months.
4) She must file the claim within 15 days of occurrence of the disability and submit the proof of the claim within 60 days.

Answer :

Final answer:

Betty's insurance agent needs to advise her of the specific deadlines for filing a claim and providing proof of claim as outlined by her disability insurance policy. Typical timelines are often between 30 to 60 days to file the claim and up to 90 days to submit proof, but exact terms can vary and must be checked in the individual policy.

Explanation:

Betty's insurance agent must inform her about the specific time frame in which she is required to file a claim and provide proof of said claim, as stipulated in her disability insurance policy. Each policy can have different terms, but typically for short-term disability insurance, there is a deadline for both filing the claim and submitting the proof of claim. While some policies may allow for flexibility within certain time limits, it is essential for Betty to adhere to the policy requirements to ensure her claim is processed.

As a general guide, disability insurance policies often require a claim to be filed within a certain period (commonly 30 to 60 days) of the disability occurrence and the proof of claim to be submitted shortly thereafter (usually up to 90 days). However, these terms can vary, so it's crucial for Betty to check her individual policy or to contact the insurance provider for clear instructions. Failure to comply with the policy's timelines could result in the claim being denied or delayed.

Answer :

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