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A deductible represents a part of the expense for which the insurer is not liable, but the franchise is a pure threshold beyond which liability for the entire expense is transferred to the insurer. For example, with a franchise of $20,000, a claim of $19,900 is borne entirely by the policyholder, and a claim of $20,100 is borne entirely by the ...
That is why it can be a good idea to consider all the variables that contribute to the cost of your car insurance and explore different deductible vs. premium options from several car insurance ...
Franchise, a clause used by insurance companies as a threshold for policy payments, as in deductible; Franchise, political franchise, or suffrage, the civil right to vote; Franchise jurisdiction, in English history, a jurisdiction held as private property; Franchise Pictures, a film production company
Deductible Expenses. Non-Deductible Expenses. Rental moving trucks. Purchase price of new home. Packing supplies (boxes, bubble wrap, tape, etc.) Car license tags and fees
a claim in respect of any one casualty where the aggregate claim against all insurers exceeds $500,000 or the equivalent in any other currency prior to adjustment for any franchise or deductible under the terms of the policy, shall, subject to the prior written consent of the Assignee, be paid to the Owner as and when [the vessel] (the "Vessel ...
Franchises are indeed popular for a very good reason: People like the idea of buying into a proven system where the kinks have been worked out and a success process is offered. Consequently, there ...
Although the 4 out of 7 test was exploited in the 1980s by businesses seeking to in effect pay for insurance on employees/shareholders, e.g., on a deductible basis, the introduction of the US$50,000 cap/insured in 1986 in turn led to the creation of broad-based leveraged COLI transactions, i.e., those in which the employer would purchase life ...
Taxes on traditional IRAs vs. Roth IRAs. IRAs come in two major varieties – the traditional IRA and the Roth IRA. ... However, you can still make an after-tax, or non-deductible, contribution to ...