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A Fire Insurance Policy Has An Annual Premium Of $780. What Is The Regular Refund If The Policy Is Canceled By?

Question by help please | Posted in Insurance

A fire insurance policy has an annual premium of $780. What is the regular refund if the

policy is canceled by the insurance company after five months?

A. $455.00 C. $156.00

B. $325.00 D. $111.43

Answer: The annual is 780, so per month would be 780 / 12 = 65.

5 months were used so 65 x 5 = 325.

Assuming the full amount of the premium was paid, the refund would be the prepaid amount minus the amount used.
780 - 325 = 455
 
 

I'm A Uk Resident Living In Turkey. Where Can I Get An Annual Travel Insurance Policy?

Question by IAN D | Posted in Insurance

which covers my return flights to the uk and travel around Turkey?

Answer: Try the local auto club ( RAC, AA ) in England, ( AIT ) in Turkey; I live in Switzerland and I am in the TCS ( Touring Club Swiss ) and I have an ETI travel insurance with them which covers me or my family any where in Europe ( the world for a bit extra ) whether I / we drive fly or train , it costs me about $70 for my membership and $60 for the ETI but it is well worth it as it is for all year and not just a couple of weeks like in England. Hope this helps.

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What Happens If I Was To Exceed The Annual Miles On My Car Insurance Policy.?

Question by shawmiester | Posted in Insurance & Registration

Just wondering as i have bough my first car (1lr 5dr Corsa Comfort) and don't know if i would get into trouble for exceeding my annual ammount (3,000). Thanks

Answer: Answer from a General Insurance Agent

That's a funny Question

I've sold over 20 thousand auto polices. I never put a mileage limit on any of them.

Later

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A Certain Life Insurance Policy Issued At Age 20 Provides For Thirty Annual Premiums. The Benefits Provided Ar?

Question by Nurul Nadia Hani | Posted in Insurance

a certain life insurance policy issued at age 20 provides for thirty annual premiums. the benefits provided are rm1000 in event of death during the first twenty years and rm30000 in event of death thereafter.compute the net annual premium.

Answer: None, in the USA.

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How Much Does A Life Insurance Broker Make On A $150,000 Life Insurance Policy ($900/annual Premium)?

Question by anonymous | Posted in Insurance


Answer: Completely depends on the company's commission schedule. However, most companies pay the most commission in the first year of the policy and renewal commission thereafter.

I'll also add that the agent's expenses to write the policy must also be taken into consideration. Did the agent travel to you? If so, how far and how often? Did the agent take you to dinner or compensate you in some way in order to conduct business? Did they have one of their employees work on your application and/or quote or meet with you? How much did they have to pay that employee for their commission? All factors many people don't consider when they are calculating commission.

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Exploring Annual Trip Travel Insurance | FourPx Articles

by DavidDeverson

To ensure that you are covered throughout your travel the annual travel insurance policy was developed and this was well embraced by the masses. Also termed as annual multi trip travel insurance, this policy provides a cover for all the trips you may undertake in a year. With the annual travel insurance cover, the respective authorities in the various countries are assured of being paid for their services and hence you will get the proper services you may be in need of....

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