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Q: One who calculates insurance risks and premiums?
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Does a motor accident claim drive up one's insurance premiums?

A motor accident claim will make one's insurance premiums go up. Most insurance companies will do this at the time of renewal though.


Where could one compare motorcycle insurance premiums?

One may compare motorcycle insurance premiums at a number of the top insurance companies websites. One such company is Progressive, which offers the ability to compare your savings with the savings of other top companies.


How can I lower the price of my term life insurance premiums?

Term life insurance premiums will rise as you get older. One way to lower your preminms is to reduce your coverage amounts.


What is significant regarding premiums and benefits of private commercial insurance companies?

In any insurance scenario, a premium is the periodic payment made to the insurer by the insured. Essentially, it is the price paid to the insurer in return for which the insurer agrees to assume a certain bundle of risks of loss that the insured wishes to transfer. That "bundle" is set forth in the terms of the written insurance policy. Insurance premiums, and insurance generally, is regulated by the States in which the insurer transacts business. One the primary factors with which the regulator is concerned is that the premium charged is sufficient to offset the risk. It cannot, however, be either excessive or unfairly discriminatory. This means that insurance rates, from which premiums derive, must be the same for all insureds of the same risk class. Those risk classes vary greatly in commercial insurance due to the many and varied kinds of risks that can be insured.


Where can someone compare the premiums for different companies vehicle insurance?

Someone is able to compare the premiums for different vehicle insurance companies at a company called Progressive, where one is able to compare other top car insurance rates.


Which ways can reduce insurance premiums?

One way is to drive safely. Drivers who hardly get into any vehicular accidents are granted lower premiums.


Can you cancel term life insurance by not paying the premiums?

Yes, this is one option. You could write a letter to the insurance company requesting cancellation of your policy. Or, you could stop paying the premiums and the policy coverage would lapse and be canceled for non-payment of premiums.


Where can one find information about term life insurance premiums?

Any major insurance company will be able to provide you with detailed information on term life insurance premiums. Providers such as State Farm, New York Life, and Nationwide are respected brokers of term life insurance.


When should one cancel term insurance?

One should cancel term life insurance when it is no longer needed, or the premiums required become unaffordable


What is a actuary?

A registrar or clerk; -- used originally in courts of civil law jurisdiction, but in Europe used for a clerk or registrar generally., The computing official of an insurance company; one whose profession it is to calculate for insurance companies the risks and premiums for life, fire, and other insurances.


What are the risks associated with commercial insurance companies?

The risks with commercial insurance companies are that because they are so big, they aren't the best about taking care of their customers one on one. You may get overlooked.


How can one apply for a long term care insurance premiums?

To apply for long-term care insurance premiums, you can start by researching different insurance providers and policies to find the coverage that suits your needs. Then, contact the insurance company directly or visit their website to request an application form. Fill out the application form with accurate information about your health, age, and desired coverage. The insurance company will review your application and provide you with a quote for the premiums based on their evaluation of your risk factors.