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An insurance premium is the amount that the buyer pays the company monthly or annually which keeps the policy in effect. If a person paid a 780 dollar annual premium which was canceled after 5 months, they would be owed a 455 dollar refund.

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โˆ™ 2014-08-27 00:24:14
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Q: A fire insurance policy has an annual premium of 780 What is the regular refund if the policy is canceled by the insurance company after five months?
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A fire insurance policy has an annual premium of 780 what is the regular refund if the policy si canceled by the insurance company after five months?

Premium = insured value / $100 * Rate


A property insurance policy has an annual premium of 780 What is the regular refund if the policy is canceled by the insurance company after five months?

They are required to refund any unearned premium portion. Policy fees and the like are considered fully earned.


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).


Which term is defined as the payment an insured makes to the insurance company on a regular schedule?

premium


A fire insurance policy had an annual premium of 780 What is the regular refund if the policy is cancelled by the insurance company after 5 months?

You are due a refund of of all unearned premium. Associated policy production fees are nonrefundable.


Which has a higher premium life insurance or endowment policies?

Endowment policies. In normal life insurance policies, if you outlive the policy term you wont get any money. Whereas, in case of endowment policies, the insurance company returns a big % of your insurance premium to you at the end of the tenure. So, these policies are much higher in terms of premium when compared to regular or pure-term life insurance policies.


Can you replace SR22 insurance with regular insurance?

It already is Regular Auto Insurance. You just tell your insurance company that you no longer need the sr22 endorsement and they will stop filing it for you.


What is a Lapsed Insurance Policy?

The insuring company provides us the insurance policy based on the premium amount we pay them on a regular basis. This can be monthly or quarterly or half yearly or even annual. A policy lapse means that the life insurance contract between the insurer and the insured (YOU) is terminated.


What does it mean lapsed insurance policy?

The insuring company provides us the insurance policy based on the premium amount we pay them on a regular basis. This can be monthly or quarterly or half yearly or even annual. A policy lapse means that the life insurance contract between the insurer and the insured (YOU) is terminated.


How much does insurance cost for someone with only an instruction permit?

That will depend on the rules of the company that is insuring the car that you are driving. Some companies do not charge any extra premium until you get your regular drivers license while others would add significant premium to the policy.


If Im planning to travel should you purchase travel health insurance through the same company you get your regular insurance from?

You can get traveler's health insurance or international medical insurance from your regular insurance company if they offer it.Depending on your current plan, it may already be included, or you may even get a discount.


What is a collector car insurance company?

A classic car insurance company is different from a regular car insurance company because the specialize in classic cars. They will be able to insure you for your more expensive classic car.

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