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Adequate insurance depends on your specific situation; the Needs Calculator will help you determine the adequate amount for your specific needs.

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13y ago

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Does insurance pay house off after house destroyed by fire?

It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.


Who should have mortgage insurance?

Are you referring to mortgage insurance that is added to your monthly payment in case of default? Anyone with an ltv at 80% or greater. Or are you talking about mortgage life insurance? These are two very different things. You only need mortgage life insurance if you do not already have a life insurance policy that is adequate to pay off the mortgage.


Does a contractor's liability insurance company need to be licensed by the state of California?

Yes, a contractor's liability insurance company must be licensed by the state of California to operate legally. Insurance companies are regulated by the California Department of Insurance, which ensures they meet specific financial and operational standards. Contractors should verify that their insurance provider is licensed to ensure compliance and adequate coverage.


What is the rate filing definition and how does it impact insurance companies?

Rate filing is the process by which insurance companies submit their proposed rates to regulatory authorities for approval. It impacts insurance companies by ensuring that their rates are fair, adequate, and not discriminatory. If a rate filing is approved, the insurance company can use those rates to price their policies. If it is rejected, the company may need to adjust their rates or provide further justification for them.


What are the key considerations for businesses when selecting property and casualty insurance coverage?

When selecting property and casualty insurance coverage, businesses should consider factors such as the type of coverage needed, the extent of coverage required, the financial stability of the insurance provider, the cost of premiums, and any specific risks or liabilities unique to the business. It is important for businesses to carefully assess their insurance needs and compare different options to ensure they have adequate protection in case of unforeseen events.

Related Questions

If a driver hits a pedestrian and does not have adequate car insurance but does have adequate homeowner's insurance will it cover the accident?

No. They are two totally different types of insurance.


How do you close or bridge Life insurance protection gap?

By buying adequate insurance protection.


What does adequate insurance mean?

The term "adequate insurance" refers to having sufficient insurance coverage with an authorized insurer to provide you with enough protection for the financial losses that you could reasonably incur. This includes damage or destruction to property that you own or lease, or damage sustained by other parties as a result of your own negligence. The amount of coverage that translates into "adequate insurance" depends upon the interest(s) that you wish to protect.


What does fgood insurance mean?

From individual point of view, good insurance means adequate coverage of insurance. From Company point of view, it denotes good performance of an insurance company.


What do you believe in if your against adequate insurance?

Fate, luck, and a unfouned sense of indestructability .


What kind of health insurance for senior citizens would be considered adequate and affordable?

Well for medical insurance it can be very difficult to find affordable insurance. The best thing to do is to go with the state based Medicare insurance.


Adequate life insurance protection is important for those?

with spouse, children, or others who depends on their income.


Can you cancel spouse from your insurance policy if spouse has his own medical insurance coverage?

Yes you can. If you feel his coverage is adequate to meet his healthcare needs, then keeping him on your plan would be paying for insurance that you don't need.


What is the best way to handle adequate health insurance when making retirement plans?

Know if you will have medicare. If you will then find a good consultant about if you need suplamental insurance and which is the best match for you.


Where can you find life insurance?

Almost all local insurance agencies will be willing to offer you a life insurance plan that is adequate. Your place of work will also offer life insurance. It is often an added bonus, but if not, may be purchased through them at a group rate.


Does insurance pay house off after house destroyed by fire?

It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.


When people do not have adequate health insurance or good access to health care where do they typically go for health care services?

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