Sure it is. As long as he is in fact healthy and willing to sign the application. 4lifeguild
You already answered your own question. If the house is worth 300K, then you buy hazard insurance on the home for 300k. It would be unlawfull (insurance Fraud) to over-insure your property.
The estimated insurance cost for a policy with coverage amounts of 100k/300k/50k is typically around 1000 to 1500 per year.
The estimated insurance cost for a property valued between 100k and 300k is typically around 1,000 to 3,000 per year. This is higher compared to a property valued at 50k, which may have an insurance cost of around 500 to 1,000 per year.
The differences between 100k, 300k, and 50k insurance coverage limits for liability protection are the amount of financial protection they offer in case of a claim or lawsuit. A 100k limit provides up to 100,000 in coverage, a 300k limit provides up to 300,000, and a 50k limit provides up to 50,000. The higher the limit, the more protection you have in case of a costly liability situation.
300k = 300 000 (k is an abbreviation for 'kilo', i.e. one thousand). 300 k can be 300 000 of anything, for example £300k, 300k washers, or anything else.
300k is worth $300,000 dollars
If your policy limit is 300k then the insurance company will pay them that portion and you will be liable for the rest. If you really want to cover yourself for more than those limits, I would purchase an umbrella type policy that covers over the policy limits.
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The k means thousand, so 300k means 300,000 in whatever currency you use.
The difference in the MMS messages 300K, 600K, and 2M is the limit on size of the message you can send, with 300K having the least capacity and 2M, the largest capacity.
The specific volume of air at 300K is approximately 0.716 cubic meters per kilogram.
300k = 300,000 500k = 500,000 1m = 1,000,000 Therefore, 1m (one million) is the biggest.