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Should you write off some of the primary adjustment fee if the secondary payment pays more than the amount of the remaining fee after the primary coverage and adjustment was made?
Wiki User
∙ 18y ago
Yes! And in the future, don't make ANY adjustments until all of the benefits have been paid. Might be a hassle at first, but once you have your own "system" in place you will save yourself alot of trouble like this, and it will make for a much cleaner account history and A/R report when someone else has to research the paperwork.
Wiki User
∙ 18y ago
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If you fail to complete the deposit for your down payment but are already financed and making car note payments can the car dealer repo your car for the remaining down payment?
adasdasdasdad
What is the term for the portion of the price that must be paid before the remaining balance can be financed on credit?
Down Payment.
What does the insurance term 'adjustment' mean?
The word "adjustment" when used in the context of insurance means:The monetary amount an insurance "adjuster" has determined is the appropriate payment to be made to an insured person for a claim that is covered under the insurance policy.
How much would a buyer finance on her new car if she paid 20 percent down on a car costing 14564 dollars?
The amount financed is the amount remaining afterthe payment of the down payment.Here, you can either calculate the down payment and subtract form the total price, or simply multiply the total by the remaining percentage (80%).The down payment is therefore (14564 x .20) = $ 2912.80Which leaves the remainder (14564 x .80) of $ 11651.20
What happens to the mortgage if a house does not sell and you lose home owners insurance?
You still owe the mortgage. And you must continue to maintain the homeowners insurance. If not, the lender who holds the mortgage has the right to place "forced coverage" on the property at great expense to you. When they add "forced coverage" they simply increase your mortgage payment to adjust for the difference. And of course you must make each payment in full in order to remain current on the loan and avoid damaged credit or foreclosure.
Carer adjustment payment where does it say there is a 12 month adjustment period?
The Career Adjustment Payment is intended to assist families in adjusting after a catastrophic event. This is a one time payment available to families with exceptional circumstances.
Paid 11520 for six months insurance premium what will be the journal entry?
debit prepaid insurance 11520credit cash 11520Debit Insurance Expense 1,920 Debit Prepaid Expenses 9,600 Credit Cash 11,520 This assumes the payment is made in the first month of coverage. If the payment is made before the coverage begins, the entire amount would be posted to Prepaid Expenses. If the payment was made after the coverage began (for example, in the second month of coverage), you would post the remaining number of months times 1,920 to Prepaid and the balance to Insurance Expense.
What is a Medicare adjustment?
A Medicare adjustment refers to a change or modification made to a Medicare claim or payment. It could be an adjustment to correct errors or discrepancies in the original claim, such as updating the billed amount or correcting coding errors. Medicare adjustments can also occur due to retroactive changes in policies or regulations that affect payment rates or coverage.
Will full coverage cover the insurance holder if they were injured?
If a motorist is injured by an uninsured motorist and the driver has uninsured motorist coverage the insurance carrier will provide coverage, if certain information is obtained on the uninsured driver. If a driver has Medical payment coverage or PIP coverage he or she and any passengers will be covered by the drivers auto policy Medical payment coverage.
What types of car insurance does Allstate sell?
Liability Coverage, Medical Payment Coverage, Uninsured Motorist Coverage, Collision Coverage, Comprehensive Coverage,Personal Injury Protection, Towing and Labor Costs Coverage, Rental Reimbursement, and Sound system Coverage. Those are the options you can get and the payment type is deductible and premium. The deductible is what you pay for the accident and the premium is what you pay per month.
What is the formula of burden coverage?
Burden Coverage Ratio = EBIT/Interest Expense+[Principal Payment*(1-Tax Rate)
Is there a period of coverage for car insurance after missing a payment?
30 Days
What is contractual adjustment?
A contractual adjustment is made by the billing department in a hospital in order to charge a patient's insurance company. The result is that the patient is not responsible for payment.
What is payment for insurance?
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 of 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.
Can you go to jail for non payment of the remaining debt of repossessd car?
no
What is the purpose of reviewing a remittance advice before enter payment and adjustment?
look in your book to do your homework
What is the ideal type of coverage for a 17 year old with ZZR600 2007 and what would be the estimated monthly payment?
Full coverage. Call an agent for a quote.
