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Who is a good insurance company for a first time policy buyer in Georgia?
Wiki User
∙ 11y ago
Allstate Insurance Company offers automobile insurance to uninsured as well as insured customers. You can call their eight hundred number or check out their website at allstateinsurance.com.
Wiki User
∙ 11y ago
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A fire insurance policy has an annual premium of 780 What is the regular refund if the policy is canceled by the insurance company after five months?
An insurance premium is the amount that the buyer pays the company monthly or annually which keeps the policy in effect. If a person paid a 780 dollar annual premium which was canceled after 5 months, they would be owed a 455 dollar refund.
Who are the buyers of reinsurance?
*Direct insurance company *Captive insurance company *Reinsurer However, there are no clear separation between buyers and sellers in reinsurance. Insurance company maybe a buyer (outward reinsurance) and a seller (inward reinsurance)
What is annuities related to the insurance company?
Annuities are purchased from insurance companies. The insurance company take the money and invests it to try to make more money for the investor. They pay the buyer back in installments.
30-Year Term Life Insurance: A Great Choice?
30 year term life insurance is one of the most common types of life insurance available. When people begin to shop for life insurance it is one of the products they will come across most often. But is it right for everyone? What exactly is 30 year term life insurance? First of all, to understand 30 year term life insurance, one must first understand what is meant by “term life insurance.” Term life insurance is a contract between the buyer (person) and the company (insurance agent or company). That contract stats that for an agreed upon “term” or period of time, the insurance company will provide the buyer with life insurance so that if the buyer dies within that period of time, the insurance company will pay the agreed upon amount of money to the person or persons listed on the contract. The buyer will pay the insurance company their fees, called “premiums” and that’s it. If a person dies one day after the end of the term, they get nothing. 30 year term life insurance is often touted by financial experts as a great thing for young people to buy. Far cheaper than “whole life insurance” (insurance that doesn’t stop as long as the buyer keeps paying), it can be a great choice for someone who has dependents that would need to be taken care if in case of the buyer’s death. 30 year term life insurance is typically used in situations where a family has not built up enough assets to take care of the surviving members in the event of one person’s death. The main drawback of 30 year term life insurance is if the buyer outlives the policy, they get nothing in return. Having paid money out over 30 years they get no financial reward if they outlive their policy. Some say simply outliving the policy is the reward, and others believe that the money was used to purchase peace of mind for the past 30 years. Whatever the case, 30 year term life insurance can be a good purchase as long as the buyer knows exactly what they are getting and are not expecting anything more.
What if you have a car loan and have an accident and bank or insurance didn't make sure you had full coverage?
When a person finances a car, proof of insurance is required, a buyer has about 24 hours to let his insurance company know about his car. In the event that car buyer stops making insurance payments the finance company is almost immediately notified and your car finance agreement charges the buyer a higher monthly payment for "single interest" insurance. That is where the finance company is reimbursed if vehicle is damaged, to protect their interests but not the buyer's. They can then at least get it fixed, and sell to someone hopefully more responsible. They have this stuff all figured out.
Does the co-buyer have to be on the insurance policy if he does not drive the car?
Not where I live in Ohio. My mother co-signed a car for me, and her name didnt have to be on the insurance, as long as the vehicle carried full coverage insurance in my name.
Does having title insurance lower your score?
Does having title insurance lower your [Credit Score a.k.a. FICO (Fair Isaac Corporation)] score? The answer is... No, it does not. Title insurance is part of most residential real estate transactions. All a title insurance does is say that someone did a search against the legal records of the local municipality and verified that there is no other person who can claim to own this property in the future because of some undisclosed or forgotten legal record; and if for some reason that does happen... the title insurance company will pay a claim against the loss of that property. When title insurance is issued it is paid for only one time; and typically there are two types of policies that are issued simultaneously by the same title company. 1) A Buyer's policy. (This policy pays out to the buyer.) 2) A Lender's policy. (This policy pays out to the buyer's mortgage lender.) So, no, title insurance should never impact your credit score. Note: Mortgage insurance, which is another thing entirely, may impact a credit score. To be exact the circumstances that cause a lender to require mortgage insurance may impact a credit score; but that's another question.
Does lien holders insurance cover cost of unpaid bills after closeing?
No, a Lien holders "Single Interest" insurance policy, only covers the lien holders interest in the property, not the interest of the previous owner or foreclosed buyer. When a lien holder places it's own policy on a foreclosed or otherwise uninsured home it means that the buyer chose not to have insurance. The Lien Holder has placed the coverage to protect it's own interest. This type of policy is also referred to as "Single Interest Policy".
Can you send totaled car title to insurance company with no buyer signature?
You could obtain a duplicate title from the DMV.
Do you have to put the auto insurance in your name if the co-buyer wants to insure it by herself?
You both have to be named on the insurance policy because you still can be jointly sued as being co-owner of veh.
How can you find out if someone has purchased life insurance in your name or in the name of your child?
Ask them. Sounds simple but there is no one central repository of insurance policy information in the U.S. So if the policy buyer didn't tell you about the policy then it did them no good to buy it because unless you know about it then your heirs can't make a claim even if the policy was good.
What does liability insurance cover?
The term "Liability" means anything you are libal for. The best way to put it is the liability section of an insurance policy covers other people's bodies and stuff, in the event you harm either of those things. The medical and car repair bills for anyone else involved in an accident you caused
