Sentences with phrase «total amount of insurance»

For example, if the insurance coverage on your home is valued at $ 300,000, then the total amount of insurance coverage for your contents would be $ 150,000.

Now it is possible to purchase several different guaranteed issue life insurance policies so that your total amount of insurance coverage can be greater than $ 25,000 in coverage, but as you'll see this can become pretty expensive, pretty quickly.

There are limits on the total amount of insurance the carrier will allow for an individual based on age, income and sometimes insurance needs, also known as «coverage limits».

A deductible can be either a specific dollar amount or a percentage of the total amount of insurance on a policy.

This should give you a ballpark figure for the total amount of insurance coverage you should carry.

Your homeowner's deductible is the amount you are willing to spend out - of - pocket towards the total amount of an insurance claim.

If the total amount of insurance coverage carried by their driver is not enough to cover their total damages, they may have to settle for less than what their case is worth — unless the other driver is liable to them for what has happened.

This increases the total amount of insurance you'll pay over the life of the loan, while lowering the up - front costs you must pay at closing.

It is also important to remember that this is the total amount of insurance to get, and many people get insurance through their employer, which may offset this amount.

This increases the total amount of insurance you'll pay over the life of the loan, while lowering the up - front costs you must pay at closing.

Not exact matches

Mortgage insurance usually totals 1.25 % of the loan amount.

Dynamic Programming is a system of «budgeting in reverse» by totaling up all «fixed» expenses like rent, insurance, phone, etc. and deducting it from the dollar amount of the next anticipated paycheck.

This reduces the size of their monthly payments (and the total amount paid overtime) in two ways — by getting a lower interest rate, and by removing the need for mortgage insurance.

However, be aware that you will typically have to pay a mortgage insurance premium (MIP) of 1.75 percent of the total loan amount at closing or have it financed into the mortgage.

The total benefit might be as much as half of the primary worker's insurance amount.

In the terms of FHA this would be the total loan amount which includes the Up Front Mortgage Insurance Premium.

Borrowers make monthly payments into the impound account that amount to 1/12 of their total annual tax and insurance premium costs.

But even if the returns to RSML end up amounting to no more than $ 20 million per annum, the total take will be in excess of $ 1 billion over the lifetime of the contract if increases in the levy merely tracks inflation in insurance premiums over the last decade.

In 2008, the total amount of money that was paid to facilities for providing treatments to the NHIA (the National Health Insurance Authority) patients was GHS183 million.»

«If affordable health coverage is the goal here in New York, the new «exchange tax» should be dropped and the existing state taxes on health insurance, which today total more than five billion dollars and amount to five percent of premium, be reduced.»

The paybill is made up of the total amount of employee earnings (such as wages / salary, bonus and commission) that are subject to Class 1 National Insurance contributions including all employee earnings below the Lower Earnings Limit and the Secondary Threshold Employees.

(5) There are authorized to be appropriated to provide initial capital for the REHABILITATION Facilities Insurance Fund, and to assure the soundness of such fund thereafter, such sums as may be necessary, except that the total amount of outstanding mortgages insured shall not exceed $ 200,000,000.

However, be aware that you will typically have to pay a mortgage insurance premium (MIP) of 1.75 percent of the total loan amount at closing or have it financed into the mortgage.

For home equity loans and lines of credit (1) Maximum loan amount depends on home value and total loans secured by home (2) Property insurance required (3) Consult your tax advisor about tax deductibility (4) Closing costs are $ 149 for home equity loans and home equity lines of credit plus cost of appraisal, if needed, and can range from $ 400 to $ 700 (5) No annual fee for qualified credit (6) For balloon products, balance might not be paid in full by end of term.

If properly endorsed onto a Carbondale, IL renters insurance policy, both roommates would share the total limit — adding a roommate doesn't increase the amount of coverage you have.

To calculate your current gap you'll need to determine the total amount you owe your leasing or financing company, the actual cash value of your vehicle, and your insurance deductible.

Mortgage insurance usually totals 1.25 % of the loan amount.

USDA announced last month that it was lowering its upfront mortgage insurance premium fee to 1 percent of the total mortgaged amount, down from the current from 2.75 percent.

The total amount of life insurance you need will also be affected if you have children or older parents who rely on you financially.

Some experts recommend that you multiply your annual salary by 17 to estimate the total amount of life insurance coverage you should buy.

For example, a disability income rider waives your insurance premium and will provide your family with a supplementary income, based on the total amount of your coverage.

Your LTD insurance cost also depends on the policy's definition of «total disability», benefit period, monthly benefit amount and elimination period.

However, if you put anything less than 20 % down on a conventional loan, you'll need to pay private mortgage insurance — a monthly premium that can range anywhere from 0.3 % to 1.5 % of the total loan amount.

Basically, your lender divides the total of your annual property taxes and insurance premium by 12 months and adds the amount to your mortgage payment.

This reduces the size of their monthly payments (and the total amount paid overtime) in two ways — by getting a lower interest rate, and by removing the need for mortgage insurance.

For example, if you totaled your car and the amount of your loan was 20 % greater than the ACV of your vehicle, then all of the CRA funds will be used to pay off the loan and your gap insurance would be unused.

Insurance on FHA mortgages are often rolled into the total monthly payment at 0.55 percent of the total loan amount which is roughly half of the price of mortgage insurance on a conventioInsurance on FHA mortgages are often rolled into the total monthly payment at 0.55 percent of the total loan amount which is roughly half of the price of mortgage insurance on a conventioinsurance on a conventional loan.

If your car is stolen or totaled, the insurance company pays the market value of your car, which may be less than the amount you owe.

They can help you look for hidden costs, like unnecessary insurance requirements, and tell you how they can impact the total amount you'll pay over the life of the loan.

Deductibles for a home or renters insurance policy typically range anywhere from $ 500 — $ 5,000, and some companies may allow you to choose a percentage of your total coverage amount.

Please note that if your down payment is less than 20 %, you will have to pay for private mortgage insurance, which adds an additional 0.5 % of the total loan amount to your mortgage payments.

For conventional mortgages, lenders usually require you to pay a mortgage insurance premium if your down payment is under 20 % of the total mortgage amount.

The amount of FDIC insurance provided to an account owner is based on the total of (1) the value of an account owner's investment in the FDIC - insured account at each Bank plus (2) the value of other accounts held (if any) at each Bank, as determined by the Banks and by FDIC regulations.

The insurance company calculated this as the ratio between his investment in the contract ($ 100,000) and the total amount of income they expect to pay him ($ 599,000 in this case).

The total loan amount is the amount of the loan after the mortgage insurance premium is financed into the loan.

Mark Moreau: Yeah, basically if we can just take a little bit of tangent here, when you have to get mortgage insurance in place, it's done on a premium basis which is a percentage of the total amount of the mortgage that's going to go out.

Within 45 days of establishing the account, the servicer must give you a statement that clearly itemizes the estimated taxes, insurance premiums and other anticipated amounts to be paid over the next 12 months, and the expected dates and totals of those payments.

Some loans do not require private mortgage insurance to be involved; these are loans in which the borrower made a down payment of 20 % or more (because if the down payment is more than 20 % of the total loan amount, the borrower is not required to carry private mortgage insurance).

This insurance will pay for your excess in the case of an accident, the total amount that your excess insurance will cover varies depending on the amount agreed between you and the insurer.

If they can't afford the cost of healthcare, housing or long term care, make sure those expenses are calculated into the total face amount of your life insurance policy.