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How often do you pay insurance?
The frequency with which insurance premiums are paid is initially determined at the inception of the policy; the insured usually has the choice of frequency. Options typically include monthly, quarterly, semi-annually, or annually. In some cases, premiums can be financed through a separate entity that is called a premium finance company. In those cases, the insured pays not only the premium, but a finance charge which is an interest rate calculated on and added to the total premium. The finance company usually pays the insurer in full up-front and the consumer pays periodic amounts to the finance company. If payment is not made, the premium finance company will request the insurer to cancel coverage.
If your vehicle is financed what type of coverage is needed?
You need to carry full coverage, Liability and Comprehensive and Collision. the finance company wants to make sure that if there is a total loss, they will retrieve the loan amount. Additionally, they want to make sure that the vehicle will get fixed if it is damaged.
What does the car insurance do after they totaled the car?
According to most auto insurance policies, the company will repair, replace, or pay the actual cash value of the vehicle insurance if you have the appropriate coverage. If the vehicle is deemed a total loss, which means that the cost to repair is close or over the actual cash value of the vehicle, the company will pay the value of the vehicle to your finance company or bank if it is financed, and will pay you any amount over the amount owed to the bank or finance company, if it is financed. At this point you have in effect, sold them the vehicle so they will take what is left of the car.
According ti the Truth in Lending Law credit contracts must include what?
The law specifies that credit contracts must include the total cost of the loan, the finance charge over the life of the loan, the Annual Percentage Rate, the schedule of payments and the amount to be financed.
Who is liable on a financed car for the interest after a total loss.?
After a total loss if the loan is not completely paid off by the settlement then the one who has been responsible for the payments will be responsible for any remaining balance with interest. There are so many different insurance and finance companies and they all have different rules you should make appropriate contacts to get the actual answers.
Who sells gap insurance?
GAP insurance is designed to cover the difference between what you owe on a financed (or leased) vehicle and the actual cash value that is paid by an insurer if the car is a total loss. Generally, GAP coverage is available through the car dealer or the finance company that finances the car.yes
What is assets to debt ratio?
=Total LiabilitiesShareholders EquityIndicates what proportion of equity and debt that the company is using to finance its assets. Sometimes investors only use long term debt instead of total liabilities for a more stringent test.Things to remember * A ratio greater than one means assets are mainly financed with debt, less than one means equity provides a majority of the financing.* If the ratio is high (financed more with debt) then the company is in a risky position - especially if interest rates are on the rise.
What types of car insurance can you have in Florida?
Florida, like all other state, has set minimum coverage requirements for drivers. This applies to vehicles that are not financed. If the vehicle is financed, additional coverage is required by the state and the lender to cover the value that is financed so that the lender is paid in the event the vehicle is a total loss. You can read about Florida state law regarding insurance here: www.flhsmv.gov/ddl/frfaqgen.html The rate depends on various factors, so your best bet is to contact your current agent to explore your options.
What is the lowest total cricket runs for a one day international cricket game?
Lowest total for ODI is 36 runs which is by Bangladesh against Sri-Lanka.
What is the lowest point on average total cost?
The lowest number. An average would be somewhere around the middle.
solvency analysis?
this is an analysis of leverage of a company. it also shows if a company is financed by debt or by equity. debt financed companies are riskier compared to equity financed companies. some ratios calculated here are:a) Debt equity ratioDebt equity ratio = Total debt / Total equityb) Debt ratioDebt ratio = Total debt / Total assets
Lowest premiership total to stay up?
Derby County had the lowest Premiership total in the history of the league in the 2007-08 season. They had just 11 points and were relegated.
