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An insurance company considers the cost of repairs compared to the value of the mobile home when determining whether to total it. If the cost of repairs exceeds a certain percentage of the home's value, typically around 70-80, the insurance company may decide to declare it a total loss.

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4mo ago

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What criteria should I consider when choosing the best roofing company in my area?

When choosing the best roofing company in your area, consider factors such as reputation, experience, licensing and insurance, warranties offered, pricing, and customer reviews. These criteria can help you make an informed decision and ensure quality workmanship for your roofing needs.


Can I add a domestic partner to my insurance policy?

Yes, you can typically add a domestic partner to your insurance policy, but it depends on the specific policy and insurance provider. You may need to provide proof of your relationship and meet certain criteria set by the insurance company.


What factors should I consider when choosing a car insurance company?

When choosing a car insurance company, consider factors such as the coverage options offered, the company's reputation for customer service and claims handling, the cost of premiums, discounts available, and the financial stability of the company. It's important to compare quotes from multiple insurers to find the best fit for your needs.


What test does a life insurance company do?

A life insurance company requires an application to consider issuing a policy. It requires the applicant to answer various questions and to provide personal information of various types. Among these are questions concerning the applicant's health history. This is sought in order to determine whether the applicant meets the risk criteria that the insurer is willing to accept in order to insure the applicant's life. The policy is issued in reliance on the answers to those questions. Usually, the insurer also hires an independent company to conduct a physical exam of the applicant. You might therefore consider the foregoing to be a "test".


What are the most important factors to consider when purchasing insurance for homeowners?

When purchasing homeowners insurance, it is important to consider factors such as coverage limits, deductibles, premiums, the reputation of the insurance company, and any additional coverage options that may be needed for specific risks or valuables in the home.

Related Questions

If you apply for health insurance will you be denied if your employer also offers health insurance?

No, an insurance company will generally not use the availability of employer-sponsored health insurance as a criteria in determining your eligibility for a private policy. Agent http://www.anyhealthinsurance.com


What criteria should I consider when choosing the best roofing company in my area?

When choosing the best roofing company in your area, consider factors such as reputation, experience, licensing and insurance, warranties offered, pricing, and customer reviews. These criteria can help you make an informed decision and ensure quality workmanship for your roofing needs.


What is a risk that meets an insurance company's criteria for coverage called?

An acceptable prospect


Car insurance criteria for cancels due to accidents?

A car insurance company can cancel your policy for many reasons and they are not obligated to provide you with insurance. Different companies have different criteria for cancellation of a policy due to accidents.


Is Lincoln insurance a reliable insurance?

"After doing some online reading of reviews and ratings for the Lincoln Insurance Company, I have determined that people do consider them to be a reliable company."


What exactly is a car insurance quote?

A car insurance quote is a no obligation estimate that you can get from a car insurance company. They will base the criteria on the quote on things such as previous driving record, and make and year of the car.


Will your insurance company take into consideration where you live when calculating your insurance rates?

Yes, your location plays a significant role in determining your insurance rates. Insurers consider factors such as crime rate, weather risks, population density, and local laws when calculating premiums. Urban areas and regions prone to natural disasters may have higher insurance rates due to increased risk.


Is there a good company that offers professional liability insurance?

Determining whether a company is good or not is subjective. One example of a good company, however, is NAPLIA, the North American Professional Liability Insurance Agency. They are a Better Business Bureau accredited agency with an A+ rating.


How you calculate for marine insurance?

For calculation of premia, you are to follow the marine insurance brochure,. In case of assessment of claim,the Surveyor's Report plays an important role in determining quantum of claim amount to be admitted by the Insurance Company.


How do you calculate premium for life insurance policy?

You can calculate life insurance premium for a life insurance policy by requesting free life insurance quotes online or from a life insurance company. Rates for life insurance vary by insurer. Some of the factors that insurers consider when determining your premium include the following: Age, gender, height-to-weight ratio, amount of coverage, type of policy, smoker/non-smoker, your health, your family's health history, etc.


Can I add a domestic partner to my insurance policy?

Yes, you can typically add a domestic partner to your insurance policy, but it depends on the specific policy and insurance provider. You may need to provide proof of your relationship and meet certain criteria set by the insurance company.


How do you know what you need in life insurance?

If you are looking to get life insurance you should consider if you have any dependents and if you don't you won't need life insurance. You could get life insurance if you are a sole owner of a company and you need to decide how much money your company will need after you die.