Question

What happens in the United States if your insurance company goes bankrupt?

Answer 1

Answer:

When an insurance company goes through bankruptcy, the insurance coverage will continue, and policy claims will be covered and paid by state insurance guaranty associations, subject to each state's coverage limits. Guaranteed coverage amounts typically vary from $100,000 to $500,000 in benefits.

Answer 2

Answer:

When an insurance company goes through bankruptcy, the insurance coverage will continue, and policy claims will be covered and paid by state insurance guaranty associations, subject to each state's coverage limits. Guaranteed coverage amounts typically vary from $100,000 to $500,000 in benefits.