Contact Us: 847-908-3301
Compass Insurance Agency - Schaumburg
  • Insurance
    • Auto Insurance Quote
    • Business Insurance Quote
    • Health Insurance Quote
    • Homeowners Insurance Quote
    • Life Insurance Quote
  • Financial Services
    • Financial Planning
    • Retirement Planning
    • Wealth Management
  • Insurance Carriers
  • Blog
  • Get A Quote
Select Page
What Does Prorated Insurance Mean – Explained With Examples

What Does Prorated Insurance Mean – Explained With Examples

Dec 5, 2022 | Definitions

Short answer: A prorated insurance premium means adjusting the amount that policyholders are obligated to pay in order to keep their coverage active. Usually, this occurs when there’s a change made to the policy such as adding a driver or removing a vehicle....

Quick Finder

Recent Posts

  • What Does Prorated Insurance Mean – Explained With Examples

Categories

  • Definitions
  • Facebook

© 2015-Present Compass Insurance Agency, Schaumburg, IL. All Rights Reserved.

Privacy & Legal | Home

Insurance Agency Web Design, SEO & Marketing by Tag Marketing

Disclaimer: The content of this site is for informational purposes only and each person should refer to their own specific policy and agent for confirmation of coverage and definitions of terms used. By submitting any quote form, I provide my electronic signature and express written consent to calls, text messages, pre-recorded messaging, emails, and postal mail from this Web site. I consent to using an Automatic Telephone Dialing System or prerecorded voices. I understand that my signature is not a condition of purchasing any property, goods, or services and that I may revoke my consent at any time. Additionally, I acknowledge that I have read, understand, and agree to this Web site’s Privacy Policy and Terms of Service. Standard Message and Data rates may apply.