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Does depreciation apply under a reinstatement condition of a fire policy?
Wiki User
∙ 11y ago
Each insurance company is different and its possible they do. Call your agent or broker to get a better answer.
Wiki User
∙ 11y ago
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What is a reinstatement option?
A reinstatement option is a clause in an insurance policy that allows the policyholder to reinstate their coverage after it has lapsed or been canceled due to non-payment of premiums or other reasons. Reinstatement options are typically offered within a specified period after the policy has lapsed, and the terms and conditions of reinstatement may vary depending on the insurance company and policy. To reinstate a policy, the policyholder usually needs to pay the outstanding premiums, interest, and any other charges that may apply. In some cases, the insurance company may require the policyholder to undergo a new underwriting process or provide additional information before reinstating the policy. Reinstatement options are beneficial for policyholders who may have missed premium payments due to financial difficulties or other reasons but still want to maintain their insurance coverage. It allows them to continue their policy without having to purchase a new one, which may be more expensive or require additional underwriting. However, it's important to note that not all insurance policies offer reinstatement options, and the availability and terms of reinstatement may vary depending on the type of insurance and the insurance provider. for more information message me
How do you calculate depreciation using Written Down Value Method?
To calculate depreciation using the Written Down Value method, you start with the initial cost of the asset, subtract the accumulated depreciation from previous periods, then apply the depreciation rate to the remaining value. The formula is: Depreciation expense = (Beginning book value - Salvage value) x Depreciation rate. This method allows for higher depreciation expenses in the early years of an asset's life.
Which Weapon Condition Code does not apply to the M9 Service Pistol?
Condition 2, does not apply to the M9 Service Pistol.
Does the 'White Australian Policy' still apply?
No.
If you are covered under your spouses insurance and get a job that provides insurance with no lapse in coverage is any medical condition you have considered pre-existing?
No, most states require that pre-existing conditions be waived when moving from a group policy to a group policy. Pre-existing condition clauses apply when the break in coverage is greater than 63 days.
Can you reinstate your health insurance if it has been cancelled for nonpayment?
Yes. Most health insurance policies have a grace period for you to pay that is mandated to be at least ten days. After that your policy is cancelled and you have a reinstatement period. That is mandated at either 10 or 30 days. After this period your insurance is lost for good and cannot be reinstated. you must re apply as a new member.
What is the meaning of average as it is defined in the household policy?
check policy definitions - if not defined in the policy - the dictonary definition would apply
Will Group Policy settings to apply to a user that user must be a member of a group with both the Read and Apply Group Policy permissions set to Allow?
Yes True
Which general weapon condition code does not apply to the m16 rifle?
Condition Two does not apply to the M-16 rifle. Condition One is: A round is chambered, or ready to fire, and the safety is on. Condition Two is the same, plus the hammer is forward (handgun). Since the M-16 does not have a hammer it does not apply.
Where can one apply for contents insurance policy?
One can apply for a contents insurance policy by filling in the relevant forms for companies such as Aviva or Cornell. They will readily supply the forms upon request and the terms and conditions that apply for the insurance.
Which permission should be applied to esure that GPO setting apply to users?
apply Group Policy and Read
Can you get your real estate license back in Fla if it gets revolked after you pay the fines?
You can always apply for reinstatement at the Department of Business & Professional Regulation. (DBPR). They will guide you in the necessary steps to take to reactivate your license.
