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Q: If your car is a write off do you get back any of your insurance premium you have paid?
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Insurance premium paid in advance Is it a accrued expenses?

No, if Insurance premium is paid in advance then it is a Prepayment - current asset.


What is the amount paid periodically for insurance?

Premium


What is insurance premium paid in advance called?

Prepayment of the premium before it is due.


If you cancel a home insurance policy is there any money to be paid back to you?

Yes, unearned premium if any will be refunded to you.


Does insurance premium mean monthly?

No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.


What is a car insurance premium?

A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.


For 5 yrs I paid a premium for insur for which I paid 5 and change to a big insur co. I never actually had the policy I lost my job and stopped paying Can I collect back the premium?

The question is not clear, but the answer is almost certainly no. You had the insurance cover - you have had the service for which you paid. To get back the premium would seem to be a classic case of having your cake and eating it.


What does the word premium mean?

Premium is an amount to be paid for an insurance policy or something given as an award.


What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank


What was the premium paid by US soldiers in World War 2 for life insurance?

A PFC in the US Army paid $6.50 as a monthly premium for $10,000 worth of life insurance in World War 2.


What is a paid up insurance policy?

A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.


How long Is the Mortgage Insurance Premium paid?

Could be paid for full term of your entire mortgage or paid off in full.