20 мая 2023 г. · If the deductible is higher, it means that the insured person will have to pay more out of pocket before the insurance company starts paying for the claim.

A lower amount will be paid for an insurance claim when the coverage is for: A)Sentimental value. B) Replacement value. C) Cash value. Solution. Verified.

An insurance company will pay for a loss as covered in an insurance policy if the insured submits what? A claim.

However, the loss settlement amount may be less than the amount of full coverage if the 80 percent coinsurance requirement is not met. Every homeowner's ...

20 июл. 2024 г. · An insurance premium is the amount of money an individual or business pays for an insurance policy.

A specific amount would be subtracted from your claim payment if you have a dollar amount deductible. For example, if your policy states a $500 deductible, and ...

When you make a claim, your insurance company will pay the lower of the two options: The cost to repair the loss or damage; The "actual cash value" of your ...

2 февр. 2020 г. · Depends on type of claim but usually the company will cash out the claim and pay you up to your coverage amount, you pay for the rest of repair, ...

Insurance premiums are calculated based on various factors specific to the type of insurance policy, the individual policyholder and what is being insured.

If it isn't, the amount you get for items you're claiming for will be less than the cost of replacing them. This is because the insurer takes off money for wear ...