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What does per unit mean in life insurance?
A unit of life insurance is $1000. So a $10, 000 policy would cost 10 times the quoted price per unit. At $9.85 per unit your monthly premium would be $98.50 for a $10, 000 policy. Avoid purchasing these television or mail order life insurances. Besides being deceptively expensive there is usually a 2 year waiting period. Alex Trebec should go back to Canada and stop hijacking American senior citizens. By the way, AARP is just as bad about advertising these types of life insurances. Anything for a buck.
What is loss assessment on a homeowners policy?
If a condo association has a loss and the association's insurance is inadequate to cover the loss, the association is permitted to assess each unit owner for the amount they are lacking. However, since there is no negligence on the unit owners part this is generally not covered by the owner's own liability portion of his policy. The unit owner must purchase additional loss assessment coverage to protect against this additional loss assessment scenario.
Is insurance premiums for fire insurance an example of variable cost?
is insurance premiums for fire insurance an example of variable cost?
Why is an insurance contract needed?
An insurance contract is needed to specify the exact terms of the insurance.
What is a production unit?
a unit of product1on a unit of product1on
What does a unit mean in life insurance?
A unit in unit linked insurance policy (ULIP) means a factor by which your financial interest in the policy can be quantified. Each unit has its specified price which flutuaates or fownturns as per market behavior.
What is fullform of ULIP?
Unit-linked insurance plan.
Is there insurance I can get for my GPS incase of theft?
Your vehicle insurance policy should cover the theft of your GPS unit.
If your central heating and air unit has several parts that have stopped working will your insurance cover the cost of replacing the unit?
No, just like auto insurance will not pay to fix your motor.
In Oregon do you have to have landlord insurance?
State rental insurance is optional as far as state laws are concerned. But many landlords insist that you carry Renter's Insurance for the protection of the unit and to benefit the apartment complex if intentional or accidental damage occurs to the unit.
What kinds of things does condominium insurance cover?
Adjoining condominiums and townhouses run the risk of incurring damages from an unforeseen water damage / fire. Your unit may had a fire and smoke damage to your neighbors unit or your dishwasher leaks and causes the unit below to have to replace their ceiling, electric and etc. Who is responsible in a multi-unit building? The first thought is the association will cover it, but that is not generally the case. H06 Insurance will be the policy for this type of protection. Without it, you will need very deep pockets to cover your interior damage and the damage of your neighbors. That’s why it is very important to have an insurance policy for your condominium or townhouse unit.
What is a 'unit link' in life insurance?
A unit link is a term used in life insurance to describe a type of fund where each contribution is linked to an individual unit within the fund. This could be stocks or other assets and is most commonly used in the UK.
How illegal is health insurance fraud and how do you report some one who has committed it many times for expensive procedures?
Contact the fraud unit of the health insurance company if you know who it is and your state board of insurance fraud unit or complaint unit. Search for your state's department at http://www.naic.org/state_web_map.htm If your complaint is valid you will be providing a valuable service to us all to help reduce our medical insurance costs.
Is ULIP a combination of insurance and mutual fund?
ULIP stands for UNIT LINKED INSURANCE PLAN. They are a combination of Insurance and Investment plan. You could start with a small investment. ULIPs give you the benefit of investment and an insurance policy together. They are good avenues to invest in. ULIPs are Unit Linked Insurance Plans which are meant to give you safe and high returns. Yes- From a layman perspectiveULIPS can be considered a combination of Insurance and Mutual Funds
Does renters insurance cover your tv broken during a move?
Typically, renters insurance covers the contents of the rental unit when in the rental unit. Whether it covers it during the course of a move depends on the terms of the insurance policy. However, it is common that a moving company will offer property insurance to the customer for an additional fee (the equivalent of a premium).
where can I find insurance for our vacation rental unit?
Call the agent that handles your homeowner's or renter's insurance. You may be able to add to your existing insurance or even learn that your current insurance covers the rental for the time you are staying in it.
What if your home is a duplex and you live in one unit what kind of insurance should you get?
You just need regular homeowners insurance, nothing special is needed.
