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What else can I help you with?
Are payments made to an insurance company in return for coverage?
yes it is
What is the periodic payments made to keep an insurance policy in effect called?
premium
What is Car insurance paid in full?
Usually when your buying car insurance you have the option to make monthly payments, or pay in full -if you pay in full, you pay the full amount for the year. This way there are not payments to be made until 12 months later when you have to renew your insurance....
What is the taxability of insurance money?
This depends on the type of insurance money and who paid the premiums for the insurance for the insurance money that was received and what reason was the payments made. A LOT OF MISSING INFORMATION NOT INCLUDED IN THE ABOVE QUESTION.
What is the difference between lump sum settlements and an annuity?
Lump sum refers to money that is paid in full up front typically from a settlement. Annuity settlements are when the payments are made over time in installments.
Can a car be repossed after payments have been made?
Yes, if other terms of the contract are breached, such as having no car insurance.
Is my car insurance up to date?
To determine if your car insurance is up to date, check the expiration date on your insurance policy and make sure you have made all necessary payments to keep it current.
Can your car be repossed if you miss several insurance payments?
YES. The bank or lender, who owns the vehicle ( You don't own it until ALL the payments have been made ) are within their rights to take it back as you are not insured if you don't PAY for the insurance. You are risking THEIR property, the car, by not having insurance coverage on it continually. Remember, you DON"T own it until ALL the payments have been made in full. Until then the company that LOANED you the money to buy it , OWNS IT.
What is a life insurance policy dividend?
It's a payment made to the policy owner by the mutual insurance company when there is a profit. The policyholders are the owners of a mutual life insurance company and they share in the profits by receiving dividend payments from the insurance company.
Can they legally repossess your car if all your monthly payments are up to date but you have made a few payments a day or a week late?
Read your CONTRACT. You have to be in DEFAULT of the contract for the lender to repo. If you are current on payments, what else can you be in default of?? INSURANCE coverage?
What type of policy is it certainty that the insurance company will have to make payment?
All policies pay only for the covered circumstances, and are subject to exclusions (which are important to understand). Assuming that the policy has been kept current, payments have been made, and the insurance company remains in business, most forms of insurance will receive their stipulated payments.
What are the similarities of hire purchace and deferred payments?
Well, darling, both hire purchase and deferred payments involve purchasing an item without paying the full amount upfront. In hire purchase, you pay in installments and own the item once all payments are made, while deferred payments allow you to take the item immediately and pay later. So, in a nutshell, they both give you the chance to get what you want without breaking the bank right away.
