If you are referring to canceling a policy there shouldn’t be unless you still owe money in it.
Can insurance companies charge a ‘policy fee’?
Insurance Policy feesYes, most insurance contracts have a state approved associated policy fee and in the USA several other government mandated fees and taxes imposed by law that the insuring company must collect for your state. State mandated fees include state run vehicle anti theft programs, various fire prevention funds, storm preparedness, youth fire hazard education programs carried out in schools and more. Most states have various fees that are required on every insurance policy issued in the state. You can always reject to pay the associated fees. but of course, since most of them are required by law, it won’t do much good because the company would simply have to decline your application for coverage. It would be illegal for the insurance company not to collect fees that are mandated by law. Every Insurance Company in the USA is required by law to provide total disclosure of all fees and taxes. They are always disclosed as required by law in every US State and are not extra to the price quoted. The price the company quotes you already has any and all fees included so they are not added at some other time. If the Insurance company chose not to assign the policy fee, then those production costs would have to be factored into the per unit of coverage cost which would result in a higher premium for individuals. Unluckily, yes they can. However, you can switch ins. companies and ask prior that you get an agreement in writing stating all charges and clearly indicates there will never be any “add-on” charges at a later date such as a policy fee. The insurance rate (the cost per unit of insurance) translates to a premium by multiplying that rate times the number of units purchased (for example, per $100 of coverage). In most states and for most types of insurance, the insurance regulator is required to approve the insurance rate to ensure that it is adequate (to compensate it for the risk assumed) and neither excessive, inadequate, nor unfairly discriminatory. A policy fee proposed to be charged by the insurer will be reviewed by the regulator to make sure that it is reasonable and does not crack the excessive, inadequate, or unfairly discriminatory rule.
If your insurance company says your car is a total loss but you want to have it motionless can they charge you a salvage fee to keep your own car?
Any vehicle, whether a total loss or not, has a value. A totaled vehicle, of course, has a significantly lesser value (assuming the actual total loss has already been lodged with the vehicle possessor). This value can be anywhere from Five – 25% of the pre-loss value of the vehicle. If you determine to keep a totaled vehicle after lodging with an insurance carrier, they can legally liquidate the salvage value from your settlement. It shouldn’t be much, and you can request that they actually get a salvage quote from a salvage yard. The idea behind this is that you can’t legally profit from a loss. In your case, if your totaled vehicle has a salvage value, and you’re keeping the vehicle, the insurance carrier must deduct that salvage value. Otherwise, you will get a total settlement, and still retain a vehicle with some value. But…attempt working with the carrier on what that salvage amount is going to be. Sometimes they’ll adjust it to get the loss lodged, since you never “indeed” know what the salvage value is going to be until the vehicle is sold at a salvage yard auction.
What fees are included with closing costs?
Usually closing cost will include origination fees, discount points, lenders fees, escrow fees, credit report cost, title insurance fees, title search fees, flood certificate, notary fees. Other closing costs include title insurance, courier fees, wire fees, and mortgage and deed taxes as well as recording costs. Recurring Costs- Fees that will be charged on a regular basis after you’ve bought your home. These are not actual “closing costs”; even tho’ you will actually be paying them at the time of closing. .
Fire insurance .
Flood insurance .
Property taxes .
Mutual or private mortgage insurance .
Prepaid interestYou might want to think in the area of about $1800- this amount will be added into your mortgage loan amount and so it will not come from your pocket at time of signing & closing but don’t leave behind you still will be asked to put up an initial Ten % of the of the asking price ( to the bank issuing the mortgage loan) Closing costsrefer to the expenses associated with buying property. These settlement costs are fees paid by purchasers upon receipt of their loan from their banks and generally range inbetween 2-7% of the total loan value. While a substantial portion of these costs is paid on the day of closing, some of these costs are almost always paid on an earlier date. The Real Estate Procedures Closing Act (RESPA) requires that lenders and mortgage brokers give buyers a GOOD FAITH ESTIMATE of all loan-related expenses due at closing. However, these estimates do not assure actual mortgage closing costs. The following charges are typically included in the total closing cost for a given real estate transaction: 1.Closing Costs to Obtain a LoanTwo. Closing Costs Paid in AdvanceThree.Escrow Account PaymentsFour.Miscellaneous Closing Costs
Is there a grace period for auto insurance when you trade in your car on a weekend and your insurance agent is closed until Monday?
It depends on the insurance company. Most companies will provide at least a 14 day grace period, but to be safe inform your company before you get the car, then call after you get the car to give all the details.
Can you get car insurance without a car to insure?
No. Recall that insurance goes after a vehicle very first, operator 2nd. So, without having a car to insure, no rate can even be detected to begin with.
How do you get another car loan or will you have to wait until the loan is closed if you have a loan on a car that was totaled and insurance and GAP insurance will pay the total loan balance?
Yes surely you can get another. I was having the same query so I searched for it on net and came across the site AutoFinance-EZ. Interest rates are determined by the actual lenders and are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. Your auto loan experienced will explain these factors, and tell you exactly what your interest rate will be. .
If you are not sated by the deal you are getting for a 2nd loan on your car, attempt looking for a payday loan.
Can you drive an insured car if you have no insurance?
Driving another persons insured CarIt is always best to ask the possessor loaning you the vehicle if you will be covered under his policy. If he is not sure then he should contact his Insurer and verify before you drive. It never hurts to have your own operators or non owners policy in place for extra security if your an occasional driver without a car right now. Each US state regulates it’s own insurance needs through it’s state legislature. Insurance for a loaner would depend on the type of Policy that the Vehicle proprietor presently has in place as required in that state. It could also depend on the nature of the vehicle loaned or hired. If the Proprietor has a Limited Liability or a Named Driver Policy then no other drivers may be covered even with permissive use. If the proprietor has purchased a Broad Form Auto Insurance Policy then generally permitted drivers are covered. It is a common misnomer that Auto Liability goes after a vehicle. In Fact, Auto Liability Insurance covers and goes after the named insured(s) (usually the vehicle holder) and the named insureds legal liability that may arise out vehicle ownership and operation. Most liability coverage will even go after the defined insured to a replacement vehicle, When on a standard form auto insurance policy, liability coverage is afforded even when tertiary or third party through an accident of a permitted driver. This point of concept of vicarious legal liability of a property possessor and the contracted liability of the Specific Policy Form suggested by an Insurance Company is where the misunderstanding arises. Limited lines Policies however economic can leave gaps in coverage so it’s best that all drivers even non owners carry financial responsibility. The Concept definitions of Legal Liability of the possessor of a property and the Financial Responsibility of all vehicle operators on public roads is determined further in the US by the regulations of the individual state of registration. ReactionAccording to law if the holder of the vehicle has insurance on the vehicle, and “loans” you the car, and you are listed as an occasional driver of that vehicle, then you are covered. Otherwise, you will have to purchase your own policy. Dependent DriversBe careful. The reaction to your question varies from state to state and you need tocheck the laws in your state. In the state where I live, an under 25 driver who lives with you must be insured on your policy to drive your car and it’s very expensive. Insurance coverage is different if someone who does not live with you uses the carfor your convenience . It can get very complicated. Insurance companies are doing more and more to mitigate rising costs of repairs, medical treatment and their liability.
CU put insurance on your car you were in an accident the insur. co is telling that it is totaled but the fee they said they will give the CU is what repair shops have quote to fix can we fight?
Single Interest Insurance .
Single Interest Insurance is insurance that the lienholder, finance company, or lender will purchase to protect the lenders interest when the buyer/borrower fails to meet the obligation of the finance contract requiring the buyer to maintain insurance on the property being purchased until the note is paid. Single Interest Insurance cover the Lender, Not the BorrowerIf the CU had to purchase insurance on your vehicle, then this means that you were in default on your finance note by failing to provide the insurance coverage you agreed to when you financed the vehicle. You gave them no choice but to protect their interest in the vehicle. Single interest is going to cover only them. The CU is Insured, You are Not Insured. They are covered, You are Not..
This means you have no claim and you have nothing to fight because you are not an insured. If you were at fault in the accident mentioned, then you also have no coverage on the lenders Single interest Policy to cover any harm you caused in the accident..
The CU does have a claim because they purchased insurance to cover their interest in the vehicle. Single interest insurance covers them, Not you. Recall, you were supposed to be insured and you were not..
of course you can ‘fight’ anything…..please give me more info…such as year/make/model/mileage……cost of repair, (amount they are providing the cu)….what they say the actual cash value of your vehicle is etc……..
Lawyer fees at closing?
Depending on the location of the home in question. the fees can range inbetween $250-$900.
What would you do if you have no car insurance and got into a car accident but havent embarked paying off that fee and then got into another car accident where the car was totaled and it is your fault?
You should stop driving instantly. It is illegal to drive any vehicle without meeting your state’s Financial Responsibilty Requirements..
Stop driving! If you still didn’t have insurance when you got into your 2nd accident, they’ll most likely suspend your license and if you’re then caught driving they’ll throw you in jail. If you can’t afford insurance you can’t afford to own a car!! Based on your driving record thusfar you need utter coverage!!
Can they charge for insurance on a car when you have insurance?
Are you talking about car insurance for a rental car? They can suggest it but most companies won’t for you to have it. You will just be liable for any accidents you get in while in the rental car. Some car insurance policies even cover any accidents you may get into while you driving the rental car, even however you only have your private car insured. I’m presuming you are talking about rental cars. Well, some auto insurance companies suggest this and others don’t. It also depends on how through the coverage is. The response truly lies in your policy, just check the details and see if it includes rental car insurance. If you don’t find your reaction there, check with your insurance agent.
Why are youths charged a higher fee for car insurance?
Because they are a higher risk, because they have a higher percentage of accidents than more experienced drivers.
Do you have to have insurance on a car?
Yes, it is mandatory to have a car insurance if you own a car. Togain the right to drive on public roads, you need to get your carinsured before you make the purchase. Visit turtlemint to gothrough various options of car insurance.
Car dealer processing fee?
It’s unspoiled profit for the dealer and is negotiable. Obviously, this depends on the dealer and your buying situation. But it is always unspoiled profit.
Do you have to have car insurance?
You have to have car insurance which is a legalrequirement and with the right level of cover, provides financialprotection in the event of your vehicle being bruised. It will alsoprovide cover for injuries to other drivers, passengers orpedestrians, and their property.
What is documentation fee for car?
It is simply an extra profit center for the dealership..
It is simply an extra profit center for the dealership.
What is a discount fee while closing a home?
A discount fee is a fee your lender is charging to reduce your interest rate. This fee should only be charged if your lender has to pay in order to reduce your interest rate.
I got a ticket for following a car two closely at 50mph. Will my insurance rate go up?
Following to closely is considered a “Moving Disturbance”. Moving violations are used as a rating factor for premium purposes. In brief ” Likely yes”
What is the document treating fee for a car?
It is the fee that dealers charge you for having someone type upall of the paperwork for the car transaction. It can range from $50to $200 or more.
What if you do not have car insurance?
Don’t drive. If you are stopped or have an accident you can lose your car and your license.
When to insure a car?
Go ahead and insure the car when you very first purchase it. Most dealerships won’t let you leave the dealership without insurance very first. If the car is financed or leased, it needs to have “utter coverage” insurance, which means it needs Comp and Collision along with the Bodily Injury and Property Harm (and maybe PIP too). If you already have a car that has insurance and you purchase a fresh car (in Florida) you have automatic coverage for 14 days. This gives you slew of time to call your car insurance agent and add the fresh vehicle. In order to get your registration and tag, you will need to provide proof of insurance. This is also known as a Binder. Your insurance agent will Truss coverage for you when they collect money and submit your application to the insurance company. The company then has XX number of days to issue your policy or refund your money.
When buying a car what is a compliance fee for?
Auto dealerships have to conform with state and federal regulations as related to selling vehicles. These regulation cost them money in training and in compliance. Of course all dealers pass these costs on to the consumer. Some hide the costs in the price of the vehicle. Others will quote you are lower price than a dealer hiding these costs in the final price and then turn around and add them on in the final contract. Either way you will pay these compliance fees as they are just part of the dealers overhead.
What is the Car rental fee in Spain?
It depends on the company you rent with. There are online consolidators, such as: https://rentspain.com/ that feature excellent offers with many Spanish and European companies.
Is your car insured?
I just got mine insured for pretty low, 99$ a month utter coverage, however my car is a 99. Visit this site if you would like an auto quote for yourself https://www.free-auto-quote.com
How do you get storage fees for a car?
you would send a registered letter to the possessor. Then if no response with in 7 days put a lean on the vehicle. You will need the plate and Bim number to do this with a copy of the registered letter.
Are car dealer fees negotiable?
Yes, usually car dealer fees are negotiable. Mostly any dealershipwill attempt to make a negotiation with you, but be sure to bring itup.
Why have car insurance?
Car insurance is required by law, and it’s an expense a lot ofpeople would rather do without. Paying regularly for something thatyou don’t actually use on a regular basis – and may never use ifyou’re fortunate – can seem like it’s a money-making scam on the partof the insurance companies. The truth is that car insuranceis an investment that you are making in protecting yourself andyour future from the unexpected. It’s not a scam – and yes, youreally do need it. Havingcar insuranceis essential becauseit covers your expenses in the event ofvehicleharm orinjuries to other drivers, passengers or pedestrians. All motoristsmust beinsuredagainst their liability to other people, Youneed car insurance to protect not only yourself but anyone whohappens to be in the car with you.
Can an insurance producer charge a fee Massachusetts?
An actual insurance producer can NOT charge a fee for assisting in the purchase of insurance. The only way that a fee may be assessed is if the insurance producer is actually a CFP and providing a “fee based” service. Insurance producers are compensated directly by the insurance company who’s product they sell.
Car stolen and recovered 6months later but inoperable and the car is repo and finance company lodges with insurance company and then charge me the remaining fee is that legal?
It can depend on that state’s laws but most times, yes, because you signed a finance agreement for a certain amount. Just like if you total your vehicle and you owe more than it totals out for, you will most likely still owe the remaining amount.
Can you have insurance and not have a car?
Yes…this is called a “non owners insurance policy”. Not a lot of companies issue these but many of them do. If this type of policy is purchased, you are cover in any vehicle you drive.
How do you xxplain fee for service insurance coveage?
I think you are referring to food service or a restaurant insurance program where you are not permitting guest to sit down and dine, but instead actually delivering the food to an off site location. If this is the case you still will need many of the same coverages that normal restaurants would need for insurance but in the case such as liability specific to your products. However you would be able to save on some of the other operational insurance items.
What is re-issuance fee in insurance?
This sounds like a reinstatement fee. A reinstatement fee is a feefor reinstating your policy if it has been cancelled fornon-payment or some other reason.
Do you have to have car to get insurance?
No, you can get a named insured policy that just covers you and possible vehicles you may drive.
Can you drive a car that is not insured but you have insurance?
No. Generally, your policy covers you and your own car. It is illegal to drive an uninsured vehicle in almost every state. If there is an accident, there will be no coverage, the car will be impounded and you will be arrested. However, insurance laws vary from state to state. You should speak with an agent who does business in your state.
When can you get insurance on your car?
Hi, When you buy a car you have to do an insurance very first. So thatyou can’t face any problem in future. Nowadays, there are so manyinsurance companies available. But you have to choose the best onewho provides you best policy. I know a company My Money Comparison,which help consumers to compare a broad range of products &services to enable them to make more informed decisions based ontheir individual circumstances & budget. Thanks.
Do you have to be on the car insurance if the car is already insured?
Auto Insurance provides coverage for losses and liabilities of the drivers named as covered on the policy.
Does HOA fee include property insurance?
Generally, your assessments cover premiums for a master policy,which covers all the real estate that owners own in common. Thepolicy may — or may not — include coverage for earthquake, flood,liability, and so forward. Your board or association manager can provide you a copy of yorucoverage. This policy is usually required by any lender who fundspurchase of real estate in a common interest community.
What are auto insurance statutory fees?
Auto insurance statutory fees are imposed to individuals who are caught driving without insurance. Because every state except Fresh Hampshire requires drivers to carry continuous auto insurance to operate a motor vehicle, drivers caught driving without insurance will be required to pay statutory fees to reinstate their license and vehicle registration. In addition to this, some uninsured motorists will be required to provide an SR-22 (Proof of Financial Responsibility) so that the state governing officials are notified if their insurance lapses again. Statutory fees vary in each state, however most are around $500 and must be paid before registration and licenses are reinstated.
When do you have to have car insurance?
If you are driving a car or have it parked on a public street or parking lot then it must have insurance
Where can you get a insurance for a car?
Hi, You can get an insurance for a car from insurance companieslike My Money Comparison. Nowadays, there are so many insurancecompanies available but you have to choose the best one whoprovides you best policy with affordable price. Hope you get soon.Thanks.
Does your car have to have insurance?
Yes, your car has to have insurance as long as it is meant for theroad. In almost every country, you are obligated by law to get acar insurance. A car insurance is required even if the car is notbeing used on the road. The only escape route from getting a carinsurance is if it has been officially announced as ‘off the road’.But before going to choose any insurance company very first compareCheap Car Insurance Quote by mymoneycomparison.com. Hope all willbe benefited.
Why do you have to insure your car?
so if anyone steals the car you either get the same car back or a fully fresh one that looks exactly like the one that was stolen
If the safety didn’t work on the garage door and it closed on my trunk is that home owners or a car insurance claim?
This would be an auto claim assuming that you have comprehensive coverage on your vehicle. If your car was moving at the time it would most likely be a collision. Homeowners specifically excludes coverage for motorized vehicles with certain exceptions (lawnmowers, golf carts, etc). Your claim would be subject to your auto deductible. It is not advised to make petite claims so don’t make a claim unless it is truly worth it. I have wielded a petite insurance agency for the past 22 years and worked for a direct writer for Trio years before that. State laws vary somewhat but this response should apply everywhere.
What is the monthly fee for vip pet insurance?
“When someone very first signs up for VPI Pet Insurance, the very first Ten day are free, after those Ten days, the person could either opt out of the deal, and get their money returned, or pay about a dollar a day to protect your pet.”
What fees are for used cars?
We sell vintage & collector cars and charge a plane rate in dollars, but do a thorough analysis of the car before we agree to sell it. We also assure the net amount when it sells. The average rate given the assure risk is about 20%+- Cars with a higher request, swifter turnover and higher resale value will have a lower equivalent rate near 15%.
What do you have to have to get car insurance?
You will need the vin numbers on your vehicles, information on all the drivers and residents of the household, name and addresses of any leinholders that need to be notified, and just your address, phone numbers, etc.
What are the renting fees for cars at Malaga Car?
At Malaga Car the fees run from 95 euros for a basic Trio door to 1200 euros for luxury car on the low side. On the mid side the prices run from 120 euros to 2000 euros. While the high side is 170 euros to 3000 euros. Prices are for weekly rentals.
What businesses will Hoover your car for a fee?
Commercial Vehicle Cleaning and Detail King are two companies that will ‘hoover’ or clean an individuals or commercial vehicle for a price. The fees can vary based on what specific detailing is done.
What is it called when you pay a monthly car insurance fee?
This would be financing your premium. Some companies have paymentsplans and sometimes you go through a premium finance company.Premium finance companies are generally used for larger premiumslike commercial accounts.
What is an inspection fee at closing?
When purchasing a home, it is customary to have an independent inspector go over the property for defects, such as bad wiring, inoperative plumbing. leaky roof, etc. The payment for the services of the inspector are usually included in the closing fees and listed as a separate item. A thorough inspection by a competent inspector can save a buyer a lot of money in the future by alerting them to problems in the house and grounds.