Easily Remove Option Choice from the Insuring Agreement

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How to Remove Option Choice from the Insuring Agreement

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[Music] okay lets say you get a hundred thousand dollar property its worth that and you get it on an option for 80 000 like you said you Market it and then somebody says Hey I want to buy it lets do it are you like buying it like youre exercising the option to buy it yourself and then youre selling it to them with a double closing or are you somehow assigning the option and they jump in how does that other mechanics of that work so weve been really fortunate we have expanded um but when we started doing this method Im about to tell you about we started in Arizona and we work with Great American Title Agency out of Phoenix there they have been awesome and I recommend them to everybody weve also found one in Tennessee that we use and what weve been able to do with them is do a true a to c double close where they use the buyers money and they pay everybody and that has been a huge game thats big deal not not only that theyre able to do it without disclosing what our profit wou

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What can cause an insurance policy to be terminated?

After that, there are typically only three reasons an insurance policy can be canceled: You have not paid your premiums, causing a lapse in coverage. You committed fraud or lied on your insurance application.

What clause allows an insurer the right to terminate a policy?

A cancellation provision clause is a provision in an insurance policy that permits an insurer to cancel a policy at any time before its expiration date. Cancellation provision clauses require the party that chooses to cancel the policy to send written notice to the other party.

When can an insurer cancel a policy?

Insurers can cancel policies or choose not to renew at the end of a policy term. Non-renewal can occur after multiple accidents or filing too many claims. At the same time, more immediate cancellations can result from serious issues like loss of driving privileges or insurance fraud.

What happens if I cancel my Primerica life insurance?

If you cancel your life insurance policy, the insurance company will send you a check for your policys cash value. The cash value is the money you have paid into the policy minus any fees or charges. In most cases, you will receive this money within 30 days of canceling your policy.

How do I opt out of my insurance policy?

Depending on your insurance companys rules, there are a variety of ways to cancel your policy. Call your provider. Most major companies simply ask that policyholders speak with an insurance agent to cancel. Mail or fax your cancellation. Visit the office. Have your new insurer deal with it.

What provision allows an insurer to terminate a policy for any reason and to increase its premium?

The conditionally renewable provision in an insurance policy allows an insurance company to cancel immediately, not renew at the renewal date, or increase premiums on a policyholder under certain conditions. This provision benefits the insurer, not the policyholder.

What is an option insurance policy?

As a type of short-term insurance contract, options provide the right to buy or sell a specific stock at a specific price in the future. There are two types of options, calls and puts. Each type is a contract, which can be either written (sold) or purchased.

What type of policy allows the insurance company to cancel at any time?

Cancelable insurance is a type of policy that either the insurance company or the insured party may terminate during the coverage term. Usually, the insured can terminate a cancelable policy at any time, but If the insurer cancels the policy, they must give advanced notice and also refund any prepaid premium.

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