The increase is usually added to your base premium as an extra fee priced as
a flat dollar amount per $ 1,000 of coverage.
Not exact matches
Flat Extra: An extra
dollar amount per $ 1,000 of insurance that is charged to cover any extra hazard or special risk such as aviation or hazardous activities.
A «
flat extra» charges an extra
dollar amount per $ 1,000 of coverage (on top of the regular premium).
Flat extra costs are what are attached on top on the base premium, calculated as a
dollar amount per thousand of coverage.
Flat Extra: An extra
dollar amount per $ 1,000 of insurance that is charged to cover any extra hazard or special risk such as aviation or hazardous activities.
A more serious skydiver that jumps more than 50 jumps
per year could see a
flat extra fee of $ 5.00 to $ 8.00
per thousand
dollars of face
amount.
Some have a variable fee calculated according to the number of sales made by month or other period, while others have different plans to choose from, or may just charge a
flat fee
per transaction regardless of the
amount of transactions or
dollar value of sales
per period.