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Insurance carriers use credit history reports, and your credit score to calculate the premiums they charge. This type of insurance scoring is a standard practice among the nation's largest insurers.
They are not. Though many insurance companies charge them higher premiums.
As long as you pay the premiums!! Normally, a policy is issued for either 6 months or 12 months. Options for paying monthly are at time available for an additional charge.
An insurance quote will tell you what the company will charge to insure you. Usually the give you a six month premium. Some insurance companies will tell you the premiums of their competitors as well. Be sure to shop around for the best rate.
Yes. That is how the insurance company makes money. They either charge low premiums and you get higher deductibles and out of pocket expenses, or charge more an give you lower deductibles and out of pocket expenses.
The telephone company does not exist.
Try to be yourself and get all the stna and charge the insurance company
This is not something that can be determined with the information you have given here. Different insurance companies have various billing charges or methods of determining how it breaks down premiums. Many companies divide coverage evenly into twelve equal payments without a billing charge if the premium is drafted out of their checking account on a monthly basis. If their premium is billed to them and then they mail a check to the company they may have a billing charge of about 6 dollars per payment. The amount of the billing charge will vary depending on the insurance company and the states where your are dealing.
The frequency with which insurance premiums are paid is initially determined at the inception of the policy; the insured usually has the choice of frequency. Options typically include monthly, quarterly, semi-annually, or annually. In some cases, premiums can be financed through a separate entity that is called a premium finance company. In those cases, the insured pays not only the premium, but a finance charge which is an interest rate calculated on and added to the total premium. The finance company usually pays the insurer in full up-front and the consumer pays periodic amounts to the finance company. If payment is not made, the premium finance company will request the insurer to cancel coverage.
Possibly. The insurance company has reimbursed your landlord for his loss, and may indeed be within their rights to attempt to recover that from you as the one responsible. You're not their customer, your lanlord is, and anything they can recover from you will reduce the premiums they charge their customers.Unless the insurance company in question is the renter's, because he had rental insurance. In that case, the renter would be the insurance company's customer. As to whether the insurance company would cover a grease fire, the renter would have to consult his/her policy.
No. Surrender charges only apply when surrendering a life insurance policy which includes cash value accumulation, and even then only during the surrender charge period. Term life insurance policies have no cash value and can be canceled at any time by simply not paying additional premiums.