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A property insurance policy has an annual premium of 780 What is the regular refund if the policy is canceled by the insurance company after five months?
Wiki User
∙ 15y ago
They are required to refund any unearned premium portion. Policy fees and the like are considered fully earned.
Wiki User
∙ 15y ago
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Does having three accidents mean your insurance will be canceled?
No, the insurance company will not cancel your insurance for having three accidents, but they will increase your insurance premium.
A fire insurance policy has an annual premium of 780 What is the regular refund if the policy is canceled by the insurance company after five months?
An insurance premium is the amount that the buyer pays the company monthly or annually which keeps the policy in effect. If a person paid a 780 dollar annual premium which was canceled after 5 months, they would be owed a 455 dollar refund.
A fire insurance policy has an annual premium of 780 what is the regular refund if the policy si canceled by the insurance company after five months?
Premium = insured value / $100 * Rate
What is the title of a person in an insurance company who calculates the premium?
An Actuary is the person in an insurance company who calculates the premium
What do you call the payment of the insurance company?
premium
What is premium loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
Can an insurance company charge inflation rates?
Insurance company have premium rates, Not inflation rates.
Does insurance premium mean monthly?
No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.
What is a car insurance premium?
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.
Did your premium increase when you canceled the claim process and paid for the damages yourself or left it damaged?
Any time you file a claim you run the risk of your premiums raising due to the labor the insurance company put into your claim.
What is loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
Can home owners insurance fine you for not mowing your grass?
No, An insurance company will not fine you for failing to maintain your property. They can however cancel your insurance coverage or go up on your premium rate if they perceive an increased hazard or risk of loss due to negligence or a lack of interest in the condition of your home and property.
