Discover an extra concept of Special Throw in the towel Value (SSV). However, why don’t we disregard SSV for the true purpose of this post.
Secured Stop trying Value (GSV) was a percentage away from overall premiums paid down (websites of any taxes otherwise premium to have cyclists). Brand new percentage hinges on plan term and the coverage year in that your rules was surrendered. Including, having an effective 20 year policy, GSV is fifty% during the 5 th coverage 12 months and 70% into the fifteen th policy year.