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 Anyone work or ever worked auto insurance claims?
I just graduated college and it looks like I'm gonna get a job offer to work auto insurance claims for Allstate Insurance. Does anyone know anything about this kind of work? Is it boring? B...


 Is your insurance agent supposed to "go to bat" for you with a bad faith insurance situation?
I'm wondering if I should switch both insurance company and agent?...


 Do I have 3 months after my last day being covered by health insurance to sign up for Cobra?
I will lose my health insurance for one month (Dec) secondary to reduced hours a month ago. If I don't pay the Cobra premimium right away, can I pay it at a later date if I need the insurance (...


 Blue Cross and Blue Sheild re-adjust a bill from two years ago. Telling me I own a provider more money. WHAT?
Today in the mail, my heath insurance sent me a letter saying- THE CLAIN FOR THIS PATIENT WAS REVIEWED BASED ON ADDITIONAL INFORMATION RECEIVED. WE HAVE COMPLETED AND ADJUSTMENT, AND HAVE DETERMINED ...


 No Car Insurance?
If you get in a car accident and the other driver doesnt have insurance and they are at fault of the accident what happens? When the police came and ran the insurance and the other driver didnt have ...


 Toyota Corolla insurance?
Im just wondering, is the insurance on the toyota corolla (s) more expsensive than the (ce) or (le)....


 How do I know if an insurance company is legitamate?
I've gotten mailings from 21st Century Insurance. But before I bother applying, I want to know if they are reputable....


 Why would you listen to an insurance agent? Would you rather meet him in your home or his office? Why?
...


 I had a back injury at work in 2006. insurance wants to settle. lawyer thinks i should settle. should I?
i still have minimal pain. can't drive,walk or stand for length of time. they are offering 30. i'm uncertain.
Additional Details
i had used this lawyer before for a neck injury....


 Does geico accept monthly payments?
...


 Can speech pathologists who have private practices reject you if you don't have private insurance, but cash?
I was laid off of my job and my inusurance has ended. In the meanwhile, I need to see a Speech and Language Pathologist. I called a private practice near my home, and she asked me if I had private ...


 I was injured in a store what do i do?
i was getting an item when another one fell and injured me i am off work without pay for wks i filed a claim with the store they tell me they are not responible for anything.
Additional D...


 I am a 58 yrs. old male with no Ged and a wife and daughter to support i need a job can you help me find one?
I work for the city of lancaster for over 9 years and they fired me with for Know good at all. I had to appeal to receive my unemployment insurance and I had to use my retirement to pay mortgage and ...


 If I want to sell insurance, Who is the best company to work for product wise and commission wise???
What licenses do i need to get. Im in CA...


 E&O insurance?
Any suggestions on where or from what company I can buy affordable E&O insurance? I'm in GA with a soon-to-be life and health license.
Additional Details
Nat'l Asso of P...


 Do I need life insurance?
I have life insurance through my company, but it's not a lot and I wonder if I should get enough to cover my debt.

I own a condo (with my bank) and car (with my bank) and have student ...


 How to become estate agent?
...


 What are some reasons why insurance co. settles a lawsuit?
What are some reasons why an insurance co. settles a lawsuit(premises liability). Could one reason be that the plaintiff and lawyer have a solid case? And they see client was wrong?...


 Is my 18-year-old highschool dropout still covered on my health insurance?
My son turned 18 in March, and I just signed him out of public school (he was nowhere close to getting his diploma; whole different story). He will be getting his GED and attending community college ...


 Where can i get life insurance for my daughter who has cancer ?
...



YEAHYEAHYEAH
What does the term permiums mean in insurance?
                     
 




ramon1972pr
Rating
The price of an insurance policy, typically charged annually or semiannually.

Direct Premiums: Property/casualty premiums collected by the insurer from policyholders, before reinsurance premiums are deducted. Insurers share some direct premiums and the risk involved with their reinsurers.

Earned Premium: The portion of premium that applies to the expired part of the policy period. Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires.

Unearned Premium: The portion of a premium already received by the insurer under which protection has not yet been provided. The entire premium is not earned until the policy period expires, even though premiums are typically paid in advance.


gls_merch
The premium is what the purchaser pays for the insurance.


manoj s
premium means the amount invested for getting insured or for availing the policy
premium can be depoisted montly basis, qty basis, half yearly and yearly basis

Premium can be divided into two type as per companies terms
1. collected premium
2. rated premium
it all depends on the frequency of depositing the premium


OneManWrites
All of the answers are correct in that they refer to your side of the equation: premium is what you pay for your insurance policy.

However, there is another side to this answer. Premium is why your insurer will cover you in the event of a loss. In fact, policies have wording in them to this effect, saying in exchange for your PREMIUM, we (the insurer) will do the following...

Your insurance policy is a contract between you and the insurer. That premium is what makes this a contract. In exchange for something valuable given on your part, the premium, the insurer will give something valuable on its part - coverage!

The premium is why you have certain rights under the policy and, by the terms of the contract, certain responsibilities as well. Fail to pay your premium and you may well find that you no longer have coverage, also according to the terms of the contract.


Barry auh2o
The premium for most policies is on an annual basis. However, most are willing to bill you on a quarterly or monthly basis.

For example, a policy might be $ 1200.00
a year, but they'll allow you to pay $ 100.00 a month, plus, a small . additional expense charge, perhaps $ 5.00 a month.

The up side is, you don't have to come up with $ 1200.00 all at once. The down side,
you must remember to pay the premiums ON TIME, or you can sign up for direct withdrawal from your bank acct but you must be sure there's enough in the acct to cover it.


mbrcatz
Rating
how much you pay for the policy period. Usually it's per year.


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