What would you like to do?
Which term is defined as the payment an insured makes to the insurance company on a regular schedule?
13 people found this useful
Was this answer useful?
Thanks for the feedback!
What is the name of a financial product offered by insurance companies to which a person makes contributions and from which the person immediately or later begins receiving payments?
Often, the term is used to refer to a listing of specific property insured under a policy. For example, a homeowners policy provides very broad coverage for both property and …liability. However, under the broad coverage, the policy will probably provide for a maximum payment for any particular item or class of property (for example, furniture or firearms), If you wish more coverage for that class or item of property, it can be "scheduled", insured for more, and an additional premium paid. The insurance schedule is the listing of that additional coverage. An alternative possibility is that the term is being used instead of "declarations". The declarations page is a summary sheet, usually appearing at the front of the policy, that summarizes the categories and amounts of coverage provided.
Once you go to the mercury insurance site online, there would be step by step instructions on how to make your online payment.
Payment of insurance is nothing but the premium paid towards the insurance policy. The premium amount includes the charge of coverage per unit (for example, the charge o…f coverage for $1000 might be $10. So, to have an insurance coverage for $10,000 the charge of coverage would be $100) plus the expenses incurred by the insurance company for the policy.
A life insurance policiy is a contract. If the terms of the contract are upheld, the company must pay the claim. CORRECT ANSWER: The answer above is correct in the first sente…nce only. It is a contract and per the terms of the contract, the insurance company will pay the claim except for a few exclusions. If the insured dies as a result of suicide withing the first two years the company will only pay the amount of premiums paid plus interest. If the insured lying on the application during the 2 year contestable period, they committed material misrepresentation thereby voiding the contract. An example of this would be not disclosing important medical information or otherwise lying to the insurance company to a degree that the policy would probably not have been originally issued as applied for. In certain instances such as lying about your age, and everything else was alright, the policy would be adjusted to the amount that the premium paid would have purchased if the insured would have told the truth. So you see that a contract is only as good as the truthfulness of the parties to the contract. Always tell the truth to an insurance company if you expect them to keep their of the deal. Don't jeopardize valuable coverage by an ill conceived attempt to defraud as the penalty may be more than you are will to pay. For full disclosure, I own and operate a small Independent Insurance Agency in Georgia and have for the past 22 years. I also worked for a direct writer for the 3 years before that.
Insurance Definition of Sports Car They usually go by horsepower, stock and aftermarket modifications (i.e. turbo or superchargers), etc. They will usually know if you have a …sports car or not. You can also have a car classified as rare or collectable that might be a sports car. If a car has two doors its almost always classified as a sports car no matter what. Also if the car is equipped with a manual transmission its also most likely a sports car. It also depends how on the replacement cost of the auto and location. Insuring sports cars has always been a niche market, so it more often than not pays to do your homework and contact the specialist companies rather than the general insurers. If you have a classic sports car in mind, there are a specialist companies for these vehicles too. More Information: I drive a '94 T-Bird. Some companies say it's a sports car (with the V6? Yeah right), some luxury (almost passes as that), and some just as a plain old car.I have a Firebird, 2 doors, manual and it's still not considered a sports car.I have a 2 door 2004 Dodge Stratus SXT that is only a 4-cylinder but rated a 19 which is a sports car rating with high premiums.
insurance companies are important sources of term loans. The premiums generated constitute advances to the insurance companies for periods varying from six months to five more… years.This gives to rise to funds held for policy holders by the insurer, funds that must be invested in some manner.
Auto insurance: An accident that damages your vehicle Disability insurance: An injury that causes you to lose wages Homeowners insurance: A fire in your house that damages y…our personal possessions Health insurance: An illness that involves a trip to the doctor.
Which term is defined as the payment an insured makes to the insurance company on a regular schedual?
that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).
Term life insurance companies are very profitable. They make a profit since most people who purchase the insurance never need it, so they don't pay out nearly as much as they …take in.
The difference between regular and short term health insurance is mainly the price. The price for short term health insurance is lower than regular health insurance while have… exteremely similar coverage. In addition, short term health insurance is much maor flexable than regular health insurance as it allows you to choose how long oyu would like your coverage.
Term life insurance is a type of insurance coverage offered to a group of people. This coverage will provide a benefit to the beneficiaries if the covered individual dies duri…ng the defines covered period.
In order to find the cheapest term life insurance, one should get a quote from multiple companies. The price of your term life insurance depends on many factors so there is no… company that has the absolute lowest rate for everyone.