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What type of insurance coverage allows the insured to purchase more insurance after a specific period of time?
The type of insurance coverage that allows the insured to purchase more insurance after a specific period of time is known as "guaranteed insurability" or "guaranteed purchase option" coverage. This provision is typically found in life insurance policies and some health insurance plans, enabling policyholders to increase their coverage without undergoing additional medical underwriting. This feature is beneficial for individuals who anticipate changes in their insurance needs due to life events such as marriage, the birth of a child, or increased financial responsibilities.
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Which type of insurance coverage allows the insured to purchase more insurance after a specified period of time?
term insurance
Which type of insurance coverage allows the insured insurance to purchase more insurance after a specified period of time?
term insurance
Which type of insurance coverage allows the insured to purchase more insurance after specified period of time?
Insurance policy with top-up arrangement, will allow you to purchase more insurance coverage any time.
How much is a double break on a foot from home owners insurance?
There is not enough information to answer your question. Did this injury occur in the home or away from the home? Who was injured and how did it occur? Was an insured household resident injured at the insured home? A homeowners insurance policy often provides a small amount of medical coverage if the insured elected it at the time of purchase for minor household injuries but does not replace a medical insurance policy. Was a guest injured on the premises of the insured home? Homeowners insurance policies often provide Liability coverage if the insured elected the coverage at the time of purchase that might provide coverage if the insured home owner was at fault for the injury. You would need to check your home insurance policy or contact your agent to determine if you purchased medical coverage or liability coverage depending on what occurred and if so, what limits are available.
What is guaranteed insurability?
Guaranteed Insurability refers to a person who is insured on a life insurance policy. Guaranteed Insurability guarantees the insured person to purchase additional life insurance coverage without having to take a physical examination or showing any other evidence of insurability. Additional life insurance coverage may be purchased at a stated time in the future. Some life insurance policies offer the opportunity to purchase additional guaranteed life insurance coverage on certain anniversary dates of their life insurance policy, such as, every fifth year of the policy up to a maximum age of 40, 45, or 50. In addition, the insured person may be able to purchase additional guaranteed life insurance coverage upon the birth of a child in the insured's family.
What does 'stacking' mean in regard to auto insurance?
Georgia automobile insurance law states that people who purchase insurance may "stack" - or add the coverage together for each insured vehicle - for uninsured and underinsured motorist coverage.
Can a child be an insured in a home owners insurance policy?
Yes, If a child owns the home, the legal gaurdian can purchase the coverage needed.
What are the coverage options for medical insurance for surgery?
Coverage options for medical insurance for surgery typically include in-network and out-of-network coverage. In-network coverage means the surgery is performed by a healthcare provider within the insurance company's network, usually resulting in lower out-of-pocket costs for the insured individual. Out-of-network coverage allows the insured individual to choose a healthcare provider outside of the insurance company's network, but may result in higher out-of-pocket costs. It is important to review your insurance policy to understand the specific coverage options for surgery.
How can you find out if your car is insured?
Your car is not insured unless you purchase insurance for it.
What if the other driver has some insurance but not enough to cover my losses?
In most states you can purchase under-insured motorist or uninsured motorist coverage that will kick in when the other parties insurance is depleted.
Does homeowners insurance in Washington state cover anything stolen on your property even even if it does not belong to you?
No. Your homeowners insurance coverage is specific to the named insured(s). It does not cover the property of another.
Name of insurance company who insured Titanic?
the Atlantic mutual insurance company from New York insured the titanic. Company paid $100000 in hull coverage.
