Sure it is. As long as he is in fact healthy and willing to sign the application. 4lifeguild
Yes, it is possible for a healthy 70-year-old man to get $300,000 in life insurance coverage, but the premiums may be high due to age. The insurance provider may require a medical exam and assess other risk factors before approving the coverage.
You already answered your own question. If the house is worth 300K, then you buy hazard insurance on the home for 300k. It would be unlawfull (insurance Fraud) to over-insure your property.
300k = 300 000 (k is an abbreviation for 'kilo', i.e. one thousand). 300 k can be 300 000 of anything, for example £300k, 300k washers, or anything else.
300k is worth $300,000 dollars
If your policy limit is 300k then the insurance company will pay them that portion and you will be liable for the rest. If you really want to cover yourself for more than those limits, I would purchase an umbrella type policy that covers over the policy limits.
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The k means thousand, so 300k means 300,000 in whatever currency you use.
The difference in the MMS messages 300K, 600K, and 2M is the limit on size of the message you can send, with 300K having the least capacity and 2M, the largest capacity.
300k = 300,000 500k = 500,000 1m = 1,000,000 Therefore, 1m (one million) is the biggest.
Personal umbrella insurance is a personal liability policy that kicks after your other insurances have been exhausted. If you are sued for $1 million for a car accident and your auto insurance will only pay up to $300k, your personal umbrella policy will pay the remaining sum (assuming your umbrella policy is large enough).
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