Insurance companies have the legal right to terminate insurance coverage when the monthly premium is not paid as agreed.
what mathematicians agreed on an so that numercial expressions would have only one value?
The price for insurance on a classic car can vary widely depending on the type of car, company and coverage chosen. For example: 1968 Dodge Charger R/T stock ($46,000 agreed value policy), annual premium: $376 while 1970 MG B stock ($5,000 agreed value policy), annual premium: $112. This explains more: http://www.insure.com/car-insurance/vintage-autos.html.
Texas Statute Of Limitations: 2 YearsUninsured Motorist Coverage: YESDiminished Value For At Fault Party: NO
There is no age limit although the value of the car may not justify the cost of full coverage.
It has been said that the happiest days in a boat owner's life are the day they purchase the boat and the day they sell the boat. Owning a boat can be fun, but it can also be a headache. Choosing the right insurance policy for your boat doesn't have to be. One important tip is to know whether your boat insurance will pay you the agreed value or the actual value. The agreed value policy will give you a set amount of money in case of a complete loss of the craft. Normally the agreed value is the purchase price of the boat. Actual value policies will normally give you the book value of the craft at the time of the loss.
Pays out to beneficiary-just the value of coverage not cash value if sold.
Considering how expensive it is to purchase a yacht, buying the right insurance is a necessity. The most important factor to consider is the total loss value settlement. With this in mind, choose between Agreed Value or Actual Cash Value. An Agreed Value is the limit stated on the policy when the yacht is deemed to be a total loss. The Cash Value option will pay the current market value of the vessel at the time of loss. The Agreed Value has a better payout and usually costs more. Determine what best suites you and check with you lender.
The cost varies depending on the coverage sought and the value of the items to be insured. It also depends upon the insurer, your loss history, location of the property, and whether you wish actual cash value or replacement value coverage.
YOU pay off the loan like you agreed to in the contract. You likely agreed to have ins. that covered theft also. You should have had full coverage on a car with a loan on it. Sorry, you have to pay the loan off and now you own a totaled car! Comprehensive coverage isn't that expensive and would have covered theft.
Standard value is the general agreed upon value that always remains constant. It is used so figures will be consistent across the board.
Yes, you do. GAP coverage covers the difference between the value of the car and the amount owed. That means that you are making payments on the car, which is financed, which requires full coverage, insurance wise.