Sentences with phrase «higher coverage amounts mean»

Higher coverage amounts mean higher premiums.

Not exact matches

This means that if someone sues you for liability and the liability amount exceeds your insurance coverage, your umbrella insurance policy will cover the remaining costs, up to your much higher policy limit.

Colonial Penn's term and whole life insurance products don't require a medical exam and have a maximum death benefit of $ 50,000, meaning you'll typically pay higher premiums and won't be able to purchase a greater amount of coverage should your financial needs change.

In some cases, the maximum death benefit for an additional insured can be as high as those of the primary insured, meaning your spouse would have the same amount of coverage as you.

A great benefit of paying over a limited time is that you invest a greater amount in the cash value portion of the policy early on, meaning you earn higher returns over the length of coverage.

That means if it's a costly case to defend and ultimately settles for a high amount, you're more likely to owe money beyond your insurance coverage.

A civil judgement of an amount greater than your liability coverage would mean that you end up paying that out of your own pocket, so it's important to carry limits as high as you can afford.

That means that the total dollar amount they charge for coverage across all of their customers totals to be the third highest of all U.S. insurance companies.

That means the amount of property damage liability coverage you might need, even in an accident at a low speed, is higher than if you drive a smaller car.

This means life insurance carriers may deny you coverage, charge you a higher price, and / or limit the amount of the life insurance available to you.

This means life insurance carriers may deny you coverage, charge you a higher rate, and / or limit the amount of the life insurance available to you.

This means that if someone sues you for liability and the liability amount exceeds your insurance coverage, your umbrella insurance policy will cover the remaining costs, up to your much higher policy limit.

This will typically mean that the premium amount for the new coverage will be higher — even if the face amount of the policy remains the same.

A higher deductible will likely greatly reduce your premium costs but means you will have to pay a larger amount of money upfront before any medical coverage is available to you.

This means that you will be required to pay a higher premium than a policyholder in the standard class for the same amount of insurance coverage, since because of your heart condition; you represent a higher risk to the insurer.

Age of the Insured: The critical illness insurance policies that are meant for the elderly people have a wider coverage but on the other side, have higher premium amounts.

Since there's no medical exam, it means almost anyone can qualify for final expense coverage, and so the cost of final expense insurance can be as high as 20 times the amount of a fully underwritten term life insurance policy.

The high amount of traffic even out in the Philadelphia burbs means locals may pay a lot, even though Pennsylvania doesn't have extremely high mandatory coverage.

A great benefit of paying over a limited time is that you invest a greater amount in the cash value portion of the policy early on, meaning you earn higher returns over the length of coverage.

Now, since tobacco insurance rates are generally 3 times higher than non-tobacco rates, having the right insurance agent working for you could very well mean the difference between getting «some» amount of life insurance coverage and getting the «right» amount of life insurance coverage.

That means that should something occur, your policy has limits high enough to fully coverage any damages involved, without you being exposed to any potential legal situation for the remaining monetary amount.