Sentences with phrase «paying premiums on time insurers»

Not exact matches

Depending on your insurer, you may be able to pay the premiums for a pre-determined number of years, as opposed to paying a premium every year, but the annual premium for that period of time will be higher.

Terry Cummings, a Manhattan attorney who works extensively on insurance regulation issues, told the Times Union it was «unusual» for a New York insurer to buy management services from an affiliate based on a cut of premiums — instead of simply getting paid for the cost of services.

Some states have laws prohibiting insurers from ¨ non-renewing ¨ existing homeowner customers who pay their premiums on time.

In case if the insured fails to pay the premium on time then they can pay the due premium under the grace period of 30 days offered by the insurer.

Depending on your insurer, you may be able to pay the premiums for a pre-determined number of years, as opposed to paying a premium every year, but the annual premium for that period of time will be higher.

If you have previously paid your premiums on time and you have a good driving record, the insurer will generally reinstate you immediately.

In case of your failure to pay premiums on time, you will get a notification from the insurer to make sure that you have made payments of all the due premiums within a fixed grace period.

Depending on your insurer, you may be able to pay the premiums for a pre-determined number of years, as opposed to paying a premium every year, but the annual premium for that period of time will be higher.

If your car is not in use after a period of 28 days and you suspend the insurance by returning your certificate and disc to your insurer, you will receive a pro-rata refund of your premium paid at the last renewal date for the period of suspension (subject to possible administration fees) based on the time your car is out of use.

It is given at the discretion of the company and generally declared to show the insurer's appreciation of the individual continuing with the policy and paying their premium on time over all these years.

This means that even after the insured has passed away, the total amount of premium that he or she paid into the policy over time — combined with such funds» invested return — will be more than what the insurer will pay out in the form of a death benefit on the policy, resulting in a profit to the insurance company.

Failure in paying premiums at the given time can lead to forfeiture of the policy.Term insurance plans also act as a shield for tax payments, as the government laws provide tax rebate on the premiums you pay towards the insurer.

You should fill the application form correctly without any errors, pay your premiums on time, this will minimize the chances of Insurer rejecting your claim.

And your credit score can also affect rates, since insurers use it to determine how likely you are to pay your premiums on time.

Provided the premiums are always paid on time, these policies last a lifetime, paying out benefits to the insurer's beneficiaries at the time the insured passes away.

As long as the premium is paid on time the death benefit is guaranteed by the insurer to remain in force until a defined age.

Some states may allow insurers to drop policyholders immediately, without advanced notice if premiums are not paid on time.

Even if you have always paid your premiums on time and have never been a troublesome customer, your insurer may try to get out of paying.

In general, the amount of dividends insurers pay on a policy increases over time, ever reducing the policyowner's net premium outlay (premiums less dividend payments), sometimes to zero or less after the policy has been in force for a long period of time.