Search results
Results from the WOW.Com Content Network
A notice of non-payment: If your homeowner’s insurance is paid through your escrow account and you receive a notice of non-payment, it is important to contact your lender right away. There may ...
A non-penalty method of calculating the return premium of a canceled policy. A return premium factor is calculated by taking the number of days remaining in the policy period divided by the number of total days of the policy. This factor is multiplied by the written premium to arrive with the return premium. [3]
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
Payment in arrear is a payment made after a service has been provided, as distinct from in advance, which are payments made at the start of a period. [2] For instance, rent is usually paid in advance, but mortgages in arrear (the interest for the period is due at the end of the period). Employees' salaries are usually paid in arrear.
Many policyholders opt to pay their car insurance premiums on a monthly basis. However, there are times when you might miss a payment due to forgetfulness or because you cannot afford it.
Contact your insurance provider: To cancel your existing insurance policy, you may call your insurer, contact an agent through the company’s mobile app or website, mail in a cancellation request ...
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
AOL Mail welcomes Verizon customers to our safe and delightful email experience!