some of it i think
Can you voluntarily give back a car just purchased before any money is paid on it?
Check with the dealer where you bought it. Some local dealers in my area will take it back before 30days.
If you have GAP insurance will the leftover balance be paid off when your car is repossessed?
What does your GAP policy say? Do YOU have it or the LENDER? Normally, lenders place it on a loan to cover the lenders losses, not yours. If you hav GAP insurunce On you Insurance will pay of whatever the car deler does not
Can you get back the money paid for insurance premiums?
Most of us buy life insurance plan to protect our households incase we die. But even we buy a term plan that that will last foryears; we do not actually assume to pass away via that time.If your program passed through underwriting, that is a good signthat the life insurance company does not expect you to pass awayeither. Of course, if you do buy a conventional term policy, and ifyou do sustain it, you will have nothing left at the end of thecontract except the total pleasure of having protected your familyand suffering. You Should Still Consider Buying Term LifeOf course, that supplies the concern of why many people never doobtain a policy. Some customers talk to an broker or shop online toget the best insurance plan quotes. Then they add up all of themonthly premiums they may pay over the course of years, and theamount alerts them.
Does a life insurance have to prove that premiums were not paid?
No. How can they prove that nothing was received, if nothing was received? The person who was supposed to pay for the policy should have cancelled checks or bank statements indicating that premiums were paid.
If the bank never repossessed your car and you gave to your landlord for back rent then your wages were garnished after it’s paid off can you get possession of your car back?
It was never yours to give to the landlord. IF the landlord lodged with the LENDER to get title, then YOU are out of the picture fully. EXCEPT for the garnishment of course.
In Georgia If the amount of Your car is paid off but they added a lot of money for insurance purposses can they take your car if you don’t pay for the insurance?
READ your contract. IF you have already agreed to the lenders conditions of ins. coverage when you signed it, YES, they can do so.
When you backed out your car from garrage you hit and the backdoor has to be substituted If you claim insurance does the premium goes high if so can you claim as hit run Are any other tips please?
If you don’t want your insurance to go up, don’t report it, just fix it yourself and acknowledge that you made a mistake. Insurance fraud will get you and it can be expensive and can result in jail time and a police record.
If someone totaled his car in Florida and the insurance claim was paid then later the driver was charged with a DUI will he have to give the money back to the insurance company?
shouldn’t ……….. tickets truly don’t have THAT much bearing on determination of negligence/liability, they matter but not the extent most people think……if a person were driving tipsy, and stopped at a stop light, and someone else just creamed them from behind……….what did the tipsy do wrong? (other than being on the road at all of course?)….i can see no way that a company could request that you pay them back….they shouldn’t have lodged the claim till all info was in……….
My gf canceled my insurance and called the car lot My car was repossessed to get the car back they want to be paid off in utter what are my legal rights do I have any options?
If you owed money on the car (which is most likely why it was repossessed), you need to pay what they request. Check the paper you signed when buying the car if you think they are ‘requesting’ something different than you signed..
Your gf was brainy to cancel the insurance, since a repossessed car does not need insurance..
You cannot sue your gf for calling the car lot, or for cancelling the insurance, because you cannot showcase DAMAGES to yourself.
Do car insurance premiums increase from vandalism?
typcially NO insurance carriers will not permit a rate increase for ‘comprehensive’ losses of which vandalism is…….however, if there is a pattern or many many of the same type of comp loss, such as several vandalism claims they may………
All losses are considered when calculating premium rates and risk factors. Losses where you are not at fault are generally less of a factor but may still have an effect on your premium..
As an example We had a customer a few years ago who had Four losses in the preceding 14 months. None of which was he considered at fault. The insurer did not increase his premium but they did decline to renew his policy for another year.
How can you get your car back if you paid the car loan off but haven’t paid the interest that occured over the years off and they still came and repossessed your car?
The car was repossessed one week before being off, now the creitor wants to charge me repossesses fees.
How are car insurance premiums calculated?
Reaction If you consistently get tickets, they count as points on your DMV record. Also, accidents count as two points. Add these up and you have the method for calculating your insurance premium. Other things are involved; are you over twenty one, married, expensive car, sports car, where you live and some more.
Are life insurance procees taxable if the employer paid the premiums?
Life insurance benefits are not eligable for taxation unless the insured passed away without assigning a beneficiary. In this situation the benefits are paid into the deceased’s estate and are subject to any back taxes or child support owed by the deceased, or the would be inheritor..
Cash value is not the same as an insurance benefit and may be taxable in some situations. Group (employment) insurance has no cash value.
Should your car insurance premium lower when you take a person off of the coverage?
Sometimes yes and sometimes no. It just depends on your rates andlevel of discounts. Sometimes we add drivers that create noadditional premium. If we take that driver off, then again there isno switch in premium.
How do I get rid of this car when the bank won’t release the title to the car I paid the bank and the bank said I owed the for insurance on the car.I paid insurance and was not aware of any other?
Find out from the bank the days that they provided insurance. Then call your insurance company and get copies of your declarations pages from that time faxed to your bank. Once your bank has proof that you were insured elsewhere they will forgive the debt for the insurance and release the title.
If you are in a car accident and the car is totaled does your car loan get paid off through insurance?
Not unless you have the fresh option in insurance of the fresh car replacement. If your car is totaled, you will be paid the Blue Book price for your vehicle. This sum is the amount your vehicle is worth at this time. Any amount over this sum that is still owed to a car loan is still due.
Used cars sold as is paid off can you take it back?
Generally speaking, no, you are most likely stuck with it. That’s what the “as is” clause means. There are exceptions to this, depending on what state you live in, but it’s unlikely you’ll be able to get a refund.
What is annual premium insurance on a car?
The annual premia on a car depnds on the model,price, date of purchase, engine and sitting capacity,whether self driven or by driver etc. Further,whether you opt for both Very first Party and Third party insurance, determines the annual premia on a car.
When does insurance company write off a car?
This may depend on the insurance company. Some insurers writes off a car when the harm estimate is Two/Three the value of the car. The reaso they do this is that the actual repair costs usually are higher then the very first estimate. ResponseActually, it is often a question of state law. Many states require that an insurance company proclaim a vehicle to be a total loss when the cost of repair exceeds a given percentage of the actual cash value of the car. The actual cash value is approximately the market value of a car of like, kind and quality as the subject vehicle, instantly before the collision. The reason for this is primarily the fact that the bruised vehicle is most likely no longer safe to drive. In comeback for paying the “total loss” value of the car, the insurer gets to keep the salvage, and thereafter usually sells it to recoup some of its payment. In other cases, the insured opts to keep the salvage, perhaps for parts, or perhaps to rebuild the car. In that event, the insurer deducts from the payment to the insured the anticipated salvage value. If the car is rebuilt, it has to be retitled, this time with a “salvage title”. This protects any later buyer by notifying him/her that the vehicle was at one time in a serious collision.
Do you get interest paid back from the bank on a car loan that was totaled and paid off early?
No. What happens is that the lender will take your payments and use them to pay off the interest you owe on the loan each month. Any amount left over is used to reduce the principal you owe on the loan. When the loan is paid off in utter for whatever reason, the amount that needs to be paid is the principal remaining plus interest for the current month so far. If your car is totaled and paid off three years into the loan, the interest you’ve already paid was to borrow the money for three years. Since youdidborrow the money for those three years, you don’t get any of the interest back.
Are company paid life insurance premiums taxable?
When a person insured by a life insurance policy dies while the policy is “In Force”, the death benefit is paid to the beneficiary..
Life insurance proceeds are usually not subject to state and federal income taxation..
But, if there is no beneficiary, the proceeds of a life insurance policy may be included in the estate of the deceased person. Then, it may be subject to state and inheritance taxes..
Also, the proceeds may be subject to federal estate taxation..
If you own all or part of the life insurance policy at the time of your death, the proceeds may be included in your gross estate for federal estate tax purposes..
Also, federal bounty taxes and state inheritance taxes may apply to life insurance policy proceeds under certain circumstances.
Why does the insurance company get paid back the money Isn’t that why we pay our premiums?
You pay premiums because insurance companies are a business and they are there to make a profit. Also, the premiums you pay go into a pool of money so the insurance company can pay out claims when necessary.
If child on insurance hits a car and then is taken off insurance will premiums go back down?
This depends on the company, but typically yes. However many companies will require proof that the child has their own insurance elsewhere, and you agree to exclude your child from your car, prior to removing your child. This usually does not make financial sense, because it is typically cheaper to pay for one policy for the entire house than it is to pay for two separate policies, one for you and one for your child.
What is Car insurance paid in utter?
Usually when your buying car insurance you have the option to make monthly payments, or pay in total -if you pay in total, you pay the utter amount for the year. This way there are not payments to be made until 12 months later when you have to renew your insurance….
If you have an lic policy whose very first quaterly premium has been paid if the policy is canceled by the holder will there be any money back of the premium paid?
It very much depends on the type of life insurance and the terms of the specific policy. In general, however, if it is a term policy, which has no give up value, there will be no come back of the premium because your life was insured for the very first quarter of the policy, so you received value (coverage) for the payment you put in.
For Five yrs I paid a premium for insur for which I paid Five and switch to a big insur co. I never actually had the policy I lost my job and stopped paying Can I collect back the premium?
The question is not clear, but the reaction is almost certainly no. You had the insurance cover – you have had the service for which you paid. To get back the premium would seem to be a classic case of having your cake and eating it.
How do you figure the amount of premiums paid into life insurance policy?
The premium is calculated on the basis of many factors. The insurance company will calculate the premium and inform you before you buy the policy.
How do you reduce car insurance premiums?
pay your premiums on time, drive securely and as you get older they go down too. You could also take driver’s ed and have good grades or other applicable discounts.
Is auto insurance in effect before the premium is paid?
Most insurers or intermediaries will require you to pay at least a deposit and commit to a finance agreement before your cover becomes effective.
Insurance premium paid in advance Is it a accrued expenses?
No, if Insurance premium is paid in advance then it is a Prepayment – current asset.
What do you do if you went into the back of someone and your car insurance paid them without notifying you?
Say thank you for the good service, You obviously gave the particulars of your insurance to the other driver and you drove into the back of them soyou were in the wrong they saved you time and trouble.
How long Is the Mortgage Insurance Premium paid?
Could be paid for total term of your entire mortgage or paid off in utter.
Can you tell the insurance not to write off the car to avoid taking out a fresh car note?
Not indeed. However, what you can do is ask the insurance company if they will permit you retain the vehicle after the settlement. If they permit you to do that, you can get the total loss settlement (minus the salvage value of the vehicle) and you get to keep the vehicle. It’s not that ordinary tho’. Very first of all, if you have a lien holder, they would have to sign off on letting you do that and if you owe more than the car is worth, don’t count on that happening. Secondly, do the math and figure out if keeping the vehicle is worth it. If after deducting the salvage value, you receive $Five,000 and there are $Four,000 worth of damages to the vehicle and the insurance company is proclaiming it a total loss, it might be worth it to retain the vehicle and pay to fix it. However, if the damages are over $Ten,000 and your settlement is going to only be $Five,000, it’s not worth it.
Can you write off life insurance premiums?
Life Insurance is not tax deferred as someone mentioned erroneously here… Life insurance is a tax free benefit, so in general you cannot write it off on taxes.. And loans are also not taxable, so you can access the growth in your entire life tax free even if it grew interest (generally taxable) by utilizing a policy loan… In the case of S Corp’s there are a number of allowable instances in writing off life insurance… Such as when an employer pays for life insurance as a part of a beneits package.. The business can write off those premiums…. But personally, its not the case… In general, if uncle sam can’t touch the proceeds of a death benefit or tax its growth, then there is no way uncle sam will let you write those premiums off.. You have to pay taxes on those premiums in exchange for a much larger tax free benefit, or a tax free loan against what would be taxed if outright withdrawn..
What is the cheapest car insurance you have paid?
The cheapest car insurance is call Cheapest car insurance. But cheaper is not always better and when it is going to help you with paying of harm i would spend more money to get better coverage.
Is the premium on a life insurance paid monthly?
Life insurance premiums can be paid in any manner you like just about. Insurance companies generally have payment plans to accommodate any ones desires. Monthly, quarterly, semiannually, annually, and also there are single premium payment policies whereby you pay with a lump sum payment one time. Life insurance carriers will also suggest discounts for paying in advance. For example, say you wish to pay the very first Ten years in advance on a policy it may only cost you 8 years of premium instead of the utter Ten. You can also switch the method of payment on an existing policy if you like.
Can insurance premium be raised after it is paid?
Yes, they certainly can. If the insurer finds extra information on your driving record such as undisclosed tickets or accidents and/or other risk factors such as undisclosed drivers or work related risks involved with your policy they can adjust your rates accordingly or even cancel the policy. To avoid cancellation or premium up-rates to your policy it is always best to response all questions truthfully and disclose all pertinent factors to the insurer at policy inception.
Do you get your premiums back when your term insurance policy expires?
The only way you can get your premiums back when a term life policy expires, is if you purchased what is known as a “come back of premium rider”. This would have been done primarily when you bought the policy. What this does, is generally doubles the premium (on average), versus what you would have paid without this option. The good thing about doing this, is that it would ensure you would receive 100% of paid premiums back at the end of the term (assuming you were still alive). Some people don’t like this because it costs more. However, other people see it as getting your money back after primarily paying dual, versus paying half the premium, and never getting any of it back (unless you die within the term defined in the policy). Feel free to contact me for more info.
What affects ones car premium insurance?
Driving record (i.e. claims history, traffic violations), credit score, location vehicle is kept and driven, (Say you live in a rural area, the rates will be lower than the city because the risk is lower with less traffic-If you live in Wisconsin, I guaranty from private practice, the rates are much higher in Texas), driving record of any one else using car.
Does gap insurance still apply if your car is paid off?
It will depend on the type of gap insurance you have. Finance gap insurance would expire as there is no finance to cover but come back to invoice and vehicle replacement would still carry on until the end of the policy or a claim is made.
Is there any way to get a repossessed car back without paying the car insurance?
Not Unless you can prove that you already had the required insurance. ResponseNo. as soon as you have no insurance on a leased vehicle, the lein holder has the legal right to repo it.
Can you get a repossed car back after wage garnishment is paid off?
it depends on the terms of the contracts. you just need to go through your paperwork and look through the fine print. or just call and ask, but its all dependent on your contract
Can auto insurance premium be paid from premium?
This question does not make sense at all. Sorry. Please rephrase your question and maybe I can help more.
Can you insure a car that’s classed as a write off?
After you repair it, get a salvage title and it’s deemed road worthy again. but your experts at insurance company determined it will cost more to do that than for you to buy something comparable.
How is your car insurance premium divided monthly?
The cheapest method for the insurance company to collect premium is to have it paid by EBT draft. For this reason it is passed on to the client and the cheapest payment method for the client will be monthly EBT Bank Draft. The most expensive is to mail the client a paper bill and wait for a paper check to be mailed back. Therefore it is the most expensive for the client as well. Most companies do the bank draft for free meaning they just divide the annual premium by twelve and that is what is drafted from your checking account. The mail a bill and mail payment back in is the most expensive so they take your annual premium ad divide by 12 and add a $6.00 fee for collecting the premium.
What do car insurance premiums depend on?
Auto insurance premiums depend on many different factors and are almost unlikely to figure without a computer. The factors involved include driver age, driver violations, driver lovemaking, driver accidents, vehicle age, vehicle symbol, driver zip code, how driven (miles to work, pleasure only, business use), deductibles, coverage thresholds, discounts, etc. One of the companies I represent has up to 44 different factors for each driver. Each company has their own rating system. Symbols for the vehicles are also made up of many factors including cost of the vehicle, cost of parts, and frequency of claims on this vehicle. ISO is a company that creates policies, applications, and many items that are standardized for company use like the territories. Many companies use the territories and symbols from ISO but some modify these standardized items or have their own.
What is a car insurance premium?
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the total premium that pay each month.
Does a premium have to be paid to To obtain a contract of insurance against a risk?
Nothing is obtainable free in this world. So, obviously you are topay premium for obtaining a contract of insurance against a risk
How do you calculate insurance premium for car?
Insurance premiums are most likely not capable of being done by arm any more at least with most insurance companies. Rating systems have become so elaborate with so many factors involved, that calculation by palm is unlikely. I reminisce a time when we did have to do this by palm when I very first got into the insurance business. Now we rate Ten companies at one time in a matter of seconds and sour system lines the up from lowest to highest.
What will increase car insurance premiums?
Many factors including claims filed against a policy, the number ofclaims reported from the zip code you live in, the amount of moneypaid on a claim, etc.