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When paying off a loan. Is mortgage insurance premiums still due?
Wiki User
∙ 11y ago
No, unless it specifically states in the mortgage contract the last insurance premium is to be paid with the loan payoff. If you don't pay it all they can do is cancel your insurance which you don't want anymore.
Wiki User
∙ 11y ago
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What happens if your ex wife is still using your health insurance after the divorce and you are not responsible per your agreement for her health insurance?
Contact your insurance company and let them know IMMEDIATELY !!!! Are you paying premiums for her?
Do you still have health insurance coverage when unemployed?
Assuming you had health insurance when you were employed, you may continue that insurance through the COBRA program by paying the applicable premium. Those premiums will be much larger than the ones you were paying while you were employed.
Can a company stop paying health insurance premiums causing the insurance to be cancelled without notifying employees although employees are still paying for insurance?
No. I don't have the citation off hand, though. If nothing else you'd probably qualify for HIPAA.
If your health insurance has maxed and is no longer paying but you are still paying premiums to stay covered should you receive insurance-covered rates at the medical facility?
I would say YES. It seems similar to me, that it's the same question as, what if the insurance isn't paying because it's below the deductible? I know for a fact there that you get the Insurance Negotiated rate.
What is mortage insurance?
The term Mortgage Insurance can mean different things to different people and in a variety of situations. I have heard it refer to life insurance designed to pay off a mortgage balance due to death of an insured person. another type of Mortgage Insurance is products such a PMI, which indemnifies a bank or mortgage company in the case of a default on a mortgage loan. In this type of mortgage insurance the person who takes out the loan pays the premiums through their house payments, but will not receive any benefit from the insurance as the only one who gets paid is the bank or mortgage company. The insurance company can then still come after the borrower for the amount of their loss.
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
Can your insurance ask you to pay for premiums that you have put a claim in to?
I have claimed on my ppi, that also covers my house contents. As I am no longer working, and to enable to meet my mortgage payments for twelve months. my question is: can they ask me to carry on paying these premiums even though I have submitted a claim and are unemployed. I was to understand that if you put a claim in to your insurance, that all the while the insurance was paying out on this premium that you did not pay a penny till your claim started again? Only my insurance have said for my policy to proceed, i would have to make sure that all payments are met, which they are, even through the claim. How can i be expected to carry on paying the policy when i am unemployed. also, they have put my house contents amount up from £35.00 to £47.00 since i put the claim in, and still paid every month since putting in. are they right to still charge you for the premiums, even though your unemployed? I have never heard of this. I am curious to be told the ans and would appreciate asap. thankyou very much. paula
You have a term policy for many years. one policy holder becomes incarcerated. Is policy still enforced if something should happen to that person?
As long as you keep paying the premiums the life insurance is in force.
Does union fidelity have cancer insurance?
I've had one of Union's Cancer policies for about ten years. I'm still paying premiums as of 05-16-09, so I assume my policy is still in effect. Whether they're still selling new policies, I can't confirm.
Who pays for insurance?
For most types of insurance the insured (i.e. you) pays for the insurance via premiums. The insurance company makes its money by calculating loss expectations and setting the premiums high enough across the entire group of insured such that after paying the worst case estimated loses they still have money left over to pay their operating costs plus profits.Some types of insurance are subsidized by the government using taxpayer's money to reduce premium costs and encourage people to get insurance that might otherwise be too expensive.
How could we change the deed from my parents name to the childrens name. They still have a mortgage on the home. what California deed would we use.?
If there is still a mortgage on the home then the deeds will be with the mortgage provider and they will not allow you to change the deeds without paying off the mortgage first.
What are some ways to lower Honda motorbike insurance premiums?
Insurance premiums are often higher with riskier behavior, but there are still ways to save on costs. Users can try bundling their insurance policies to receive a discount. Also, many insurance providers will provide discounts for those who take safety courses.
