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flat extra premium method
In life insurance, if a person does not meet health or other qualifications, insurance can be declined or rated. The flat extra premium method of rating the life insurance policy charges an extra flat dollar amount per $1,000 of policy value.
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What is the average commission for a health insurance policy?
This varies greatly by company. Generally commission percentages are 15-25% of the first year premium, but some companies (like Blue Cross/Blue Shield) pay lower amounts, and some pay a flat rate per policy instead of being based on premium.
Will riding motorcycle increase life insurance premium?
No, riding a motorcycle will not increase your life insurance premiums unless you race the motorcycle or participate in organized driving events (such as autocross, high performance driving events, drag racing, etc). If you do participate in such events or race the motorcycle, you should contact an independent life insurance agent who can shop your case for the best offer. Most insurance companies will offer coverage if your driving history is good, but some may require a "flat extra" which is an extra flat charge for each thousand dollars of insurance coverage. The flat extra may be temporary (such as 3 or 5 years) or permanent.
Where can one purchase flat insurance?
Most reputable home insurers will also offer rental, or flat insurance. One needs only to contact the insurance company that one feels will best fit one's needs, and an insurance policy can be drawn up in a matter of minutes.
When an insurance policy is cancelled inception date was any insurance ever provided under the contract?
I would need to know why the policy was cancelled back to inception. Sometimes this is called "flat" cancellation and it is extremely rare. Could you tell me why the insurer cancelled back to inception?
What is difference between a fee and commission?
A commission is compensation received by a broker or insurance agent paid by the insurance company and is a percentage of the insurance premium, or a percentage of a portion of the insurance premium. A fee, on the other hand, is a fixed dollar amount (not a set percent of the premium) and can be paid either by the party buying the insurance or by the insurance carrier. Often, clients with large premiums, or complex risks negotiate with their broker to provide services, including the placement of insurance for a flat fee. The insurance is than placed "net of" or without commission. Many people feel that this is a more transparent method of broker compensation and eliminates broker bias to higher premiums or carriers which pay a higher commission. In certain circumstances, both a fee and a commission are charged. This usually occurs when the broker is providing services which are not property compensated by the commission in the policy. When a fee is charged in addition to a commission, it should be disclosed who the fee is being paid to, and for what service.
Can the insurance company charge you to cancel your insurance?
Yes! They can charge you a cancellation fee that is either a flat rate or is a percentage of your total annual premium calculated based on when you cancel. Lots of insurance companies do this although some only charge you to cancel within the first year
What is flat flood insurance?
It means stand alone "Flood Only". It covers the specified damage limits for a flood loss, no other loss type is covered under a flood policy.
Does Caroline flat and olly murs of the extra factor love each other?
yes caroline is flat, no they dont love eachother
What should you do when you have a flat tire in your car?
Pull over at the nearest safe spot, jack up the car and change your tire. - If you have a loved one who drives lots, buy them 'tire insurance' so they don't have to do it themselves. =My wife can call for free, professional help with a flat from any company in our area, and it only cost me $26 on my annual policy.
The flat above me flooded their flat which damaged mine but they do not have a policy and have offered cash Will I lose money making a claim against someone without home insurance?
Why would you file a claim against someone who is already offered to pay your claim in cash? That makes no sense at all. If they are liable for your damage then they are required to pay you for that damage. The law does not care if they pay you themselves or if you get paid by their insurance company so long as they pay you. Attempting to get paid twice, that is obtaining payment from the homeowner and then again by the insurer is a crime. Its called Double indemnity and is a form of Insurance fraud.
What is the code for all cars in flat out 2?
GIEVEPIX Then You Should Have All EXTRA AND NORMAL Cars
On Illinois Property insurance does earthquake insurance have a deductible?
Yes, normally there is a percentage deductible instead of your regular flat dollar deductible. Most companies offer 5%, 10% and 20% deductibles that will never be less than a specific dollar amount, usually $500. The percentage is multiplied against your Coverage A or Coverage C (if you have a Tenant or Condo-owner policy)amount.
