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Will your premium increase in the ratio of the amount insurance is paying to fix the car whether it is your fault or not?
Wiki User
∙ 18y ago
Some insurance companies have "accident forgiveness" and others don't. Even if an accident is not your fault, you are now viewed as a higher risk. You may be able to cancel the claim and fix the damage yourself, but you should do the math first. Figure out the cost of repair versus the difference in your monthly bill for 3 years. Take the road with the lower cost to you. The question is does premium increases in the ratio of amount insurace carrier is paying to fix the car?
Wiki User
∙ 18y ago
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How is life insurance calculated?
how long you live * the amount of money you make It is not possible to answer the question as phrased. It is not clear whether it pertains to the amount of insurance needed, its cost, or how the premium is derived.
What is the term for the amount you and your employer pay in exchange for insurance coverage?
The amount that is paid for any kind of insurance is called "premiums". The same term applies whether an employee or employer pay for the insurance.
What is the amount paid periodically for insurance?
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.
Difference between a deductible and a premium?
A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.
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.
What terms is the amount you or your employer pays in exchange for insurance coverage?
It is called a premium.
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.
What does the word premium mean?
Premium is an amount to be paid for an insurance policy or something given as an award.
What is an indexed life insurance policy?
if you have to paid indexation amount your cash value increase and amount,allocate and your indexation. but what is the differences between indexation or non indexation so simply answer indexation is not your fixed premium amount because the amount is fluctuation at your maturity you premium amount change your cash value change because non indexation is a fixed premium amount they can not be change design your plane after your maturity.
Which term is defined as the amount you pay for your automobile insurance?
premium...
What term refers to the amount you or your employer pays in exchange for insurance coverage?
The premium is the dollar amount paid in exchange for insurance coverage.
