0
This is a type of insurance that you can pick from. You should talk to your insurance agent to determine the best options for you.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What does hazard insurance mean in a mortgage?
It's referencing your House insurance. Homeowners insurance is also known as a Home Hazard Insurance Policy.
What does the term company mean?
what does the term company mean in insurance
What does 'p and l' mean in the insurance context?
Property and liability (P & L) insurance
What does insurance provision mean?
Insurance provision means the conditionality to be adhered to by both the insured and the insurer,as embedded in an insurance policy bond.
What does mean CIF?
C.I.F - cost, insurance and freight A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.
What does insurance premium mean?
The premium is the cost that you must pay to have the insurance.
You have insurance on your home but no replacement insurance What does this mean?
HOAIt means our policy is based on actual value rather than replacement cost. It means that the insurance company is not guaranteeing you the replacement of your home if it burns down. For example, your insurance policy limit is $200,000, but the cost of replacing your home is $210,000, if you had a replacement policy, the insurance would pay for the replacement of your home despite the fact that your insurance limit is only $200,000. However, the insured value at the time of the loss is usually required to be at least 80% of the replacement cost before your policy is covered on a replacement cost basis.
What does net of commission mean?
"Net of commission" basis is where the quoted premium is reduced by an amount proposed to be the insurance agent's (or insurance broker's) commission.
What does it mean insurance quotes?
Insurance quotes: An insurance quote is an estimated cost provided by the insurance company for an insurance policy. Insurance quotes take into account the level of risk a prospective insured represents as well as the amount of coverage desired.
What does pro-rata basis mean?
The daily cost without any extra penalties.
What does the term deductible mean on health insurance?
It's the part of the cost you must pay before the insurance pays anything.
What is the average cost of homecare insurance?
Home care insurance has a big range in average cost. This is because it can be a part of a health insurance policy or it can be a sepearate policy on its own. You must also consider if medicare would be involved as this could mean a lower cost.
Does ho3 homeowners insurance mean dwelling replacement cost?
no you need a separate endorsement - called Replacement Cost Coverage
What does AARP life insurance mean?
It means being able to obtain a good insurance product at a low cost that seniors can afford. This insurance can be vital in senior personnel as their income is often regulated.
What do you mean by e-insurance?
e-insurance is just simply an online, web based brokerage. The cost of insurance there is the same as any other brokerage. You just give up the convenience of personal service.
What does property insurance cover?
If you mean property like the land, then the insurance covers the land the house is on. Other one is "property insurance" covers the items in your house, let's say someone broke in and stole your amazing 54in flat screen TV. You have property insurance and it covers the cost of the TV or part of the cost. You make a claim for it then insurance sends you money.
Do you need insurance on a small boat?
If you have a loan, probably. No loan would mean no requirement. Common sense though would require it. Adding it to your home insurance or renters insurance would probably cost pennies.
