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Most likely the insured.
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∙ 16y ago
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Who is the principal in a life insurance contract?
The Insured of the policy is obviously the Principal in a life insurance contract.
What are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
What does PITI stand for in insurance?
PITI is normally used in conjunction with mortgage payments, standing for Principal, Interest, Taxes and Insurance.
Is it legal for the insurance company to hold the remaining balance of your claim to apply to your loan as principal payment?
In any case you get your money don't you? If the insurance company paid the principal of your loan than that means you don't have to so the money you would have paid is now yours...just as if the insurance company had cut you a check. Remember, until the loan is paid off the lender's claim to the property is superior than yours. If you are not going to use the money to repair the damage, the lender will want the loan principal reduced by a proportial amount. The most usual arrangement is that the bank will hold the insurance payment in an account for you and use it to pay the contractor after the repairs have been completed.
What percentage of your income should go towards mortgage?
Investopedia advises that the principal, interest, taxes and insurance should not exceed 28% of your gross income.
Who is the principal in a life insurance contract?
The Insured of the policy is obviously the Principal in a life insurance contract.
Who is the principal of a common law insurance broker in an insurance transaction?
Insurer
Where can one find cheap principal insurance?
You can find cheap principal insurance by calling GEICO. They offer all sorts of different insurance for cheap. All you have to do is call and get a quote.
Is it against the law if my car insurance has my friend's name as the principal driver in my car insurance?
No.
Are you covered By principal mutual life insurance?
yes
What is the relationship between the insurance agent and the insurance carrier?
the agent is under the authority of the principal, or insurance carrier, and has the ability to make decisions as a representative of the carrier. Therefore, the principal can be held legally liable for the agent's business
Is swelling of limb be used as principal diagnosis in insurance?
Swelling of limbs of one of the symptoms not the principal diagnosis in insurance. It various from one disease to other and empanelled Medical Persons diagnose the principal reason for illness/disease, considering the gravity of the situation.
Where is state farm insurance company's principal place of business?
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What are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
What does principal driver on automobile insurance policy mean?
The principal driver is the person who drives the vehicle over 50% of the time. This is the main driver of the vehicle and the person who will be rated as the driver for computing the cost of the insurance.
What does PITI stand for in insurance?
PITI is normally used in conjunction with mortgage payments, standing for Principal, Interest, Taxes and Insurance.
How Surety can be compared to insurance policy?
Both insurance and surety provide protection against financial loss. Insurance anticipates losses and charges a premium with that in mind where surety companies expect no loss and the premium charged is a 'service fee'. Surety bonds involve three-parties the surety company, principal and obligee. Insurance involves two-parties the insurance company and the insured. With insurance the risk is transferred to the insurance company where as with surety the risk remains with the principal. The surety is providing a guarantee against loss by agreeing to be responsible for the obligation of the principal.
