Policy Fee


Definition of "Policy fee"

Flat amount added to the basic premium rate to reflect the cost of issuing a policy, establishing the required records, sending premium notices, and other related expenses.



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FAQ

What does Travel Insurance Typically Cover? What is PITI and what does it stand for? What is a mortgagee? If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What is a home warranty?