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Delete Payment Field in the Business Insurance Quotation Form

Delete Payment Field in the Business Insurance Quotation Form and eSign it in minutes

Aug 6th, 2022

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How to Delete Payment Field in the Business Insurance Quotation Form

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is a payment to an insurance company called?

Premium - The amount paid by an insured to an insurance company to obtain or maintain an insurance policy. Premium load - An amount deducted from each life insurance premium payment, which reduces the amount credited to the policy.

What is the formal request made to an insurance company asking for payment due to a loss known as?

Claim - a request made by the insured for insurer remittance of payment due to loss incurred and covered under the policy agreement. Claims Adjustment Expenses - costs expected to be incurred in connection with the adjustment and recording of accident and health, auto medical and workers compensation claims.

What is a request to an insurance company asking for a payment based on the terms of the insurance policy?

An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured.

What is the initial insurance payment called?

Deductible. The portion of covered charges that an insured must pay before the insurance company will consider payment and before coinsurance goes into effect. Usually, the deductible amount ($100, $250 or more) is based on a calendar year; yet, it can also be a per-occurrence or per-admission charge.

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