Question

 What is the return of premium in an insurance policy?

Answer Return-of-premium was conceived by insurance companies as a way to sell more policies. The idea was that people resent paying for something that they may never use. So if the insurance companies of... Read More »
http://www.answerbag.com/q_view/1969389

Top Q&A For: What is the return of premium in an insurance p...

If the insured cancels their own auto insurance policy how is the return premium calculated and is there a penalty?

Answer If you cancel your policy is will probably be short-rated which means you will be penalized for canceling. There are published factors but I can't give you the short rate factor without know... Read More »
http://wiki.answers.com/Q/If_the_insured_cancels_their_own_auto_insurance_policy_how_is...

What is the premium of an insurance policy?

When you have insurance, premiums must be paid for the coverage you receive. Insurance premiums can be paid for homeowner's, auto, life and health insurance. Insurance premiums allow you to transf... Read More »
http://www.answerbag.com/q_view/1962811

What is the meaning of premium in an insurance policy?

People who buy insurance are required to pay premiums to maintain coverage. The decision to refuse or grant coverage and the premium amounts depend on the level of risk determined by the insurer.In... Read More »
http://www.answerbag.com/q_view/1963920

What is a waiver of premium provision on an insurance policy?

A waiver of premium provision on an insurance policy is an added clause that allow the insured to retain the coverage provided in the policy without having to make any additional payments if they b... Read More »
http://www.answerbag.com/q_view/2243391


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