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Insurance Definition

Least Expensive Alternative Treatment (LEAT): A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment, repair, or remediation. The

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Life Insurance Guide to Policies & Companies

(4 days ago) Life insurance is a contract between an insurer and a policyholder. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured policyholder dies, in

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Best Laptop Insurance of 2021

(8 days ago) Laptop insurance provides coverage in the event of theft, loss, or damage to your laptop computer. While it can be sold as a type of gadget insurance, many standard homeowners insurance

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The 5 Best Vision Insurance Companies of 2021

(8 days ago) VSP Vision Care was founded by a group of optometrists in 1955. It currently has over 88 million members and more than 40,000 network doctors, …

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The Best Mortgage Protection Insurance Companies of 2021

(1 days ago) Life insurance is an important financial product that can protect your family if something were to happen to you. One of the biggest considerations when buying life insurance

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The 5 Best Long-Term Care Insurance of 2021

(6 days ago) Insurance premiums, on the other hand, cost about $2,700 on average per year.  Consider that expense over 20 to 30 years, which adds up to a much lower $54,000 to $81,000.

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The 8 Best Burial Insurance Companies of 2021

(8 days ago) Burial insurance (sometimes called final expense coverage) is a type of whole life insurance that is specifically marketed to cover final expenses, including those for burial and cremation.

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The 7 Best Jewelry Insurance Companies of 2021

(9 days ago) Like other types of insurance for a boat or a car, jewelry insurance is a financial product that provides coverage for the item at hand. With jewelry insurance, you can pay an annual premium for a

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The 6 Best Drone Insurance Companies of 2021

(7 days ago) Avion Insurance is tops in this category based on the commercial value of the policies it offers, including coverage of aerial photography and related gear. Since the company’s founding in 1985

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Rider Definition

(6 days ago) An insurance rider is an adjustment or an add-on to a basic insurance policy. Riders are designed to provide additional benefit over the stated coverage in the basic policy.

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Introduction To Insurance

(7 days ago) insurance contract. It is intended to provide temporary insurance protection to the consumer pending a formal policy being issued by the insurance company. It should be noted that agents work exclusively for the insurance company. There are two types of agents: 1. Captive Agents: Captive agents represent a single insurance company

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Bank Insurance Definition

(4 days ago) Bank Insurance: A guarantee by the Federal Deposit Insurance Corporation (FDIC) of deposits in a bank. Created in 1989, the Bank Insurance Fund is the federal fund used to insure bank deposits of

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Health Insurance Definition

(6 days ago) Disease Management Program: A program offered by a health insurance company to manage the costs of policyholders’ chronic health conditions. Disease management programs can help control health

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Credit Insurance Defined

(6 days ago) Credit insurance is a type of insurance that pays off one or more existing debts in the event of a death, disability, or in rare cases, unemployment.

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The 4 Best Short-Term Health Insurance Providers of 2021

(9 days ago) Short-term health insurance can help protect you during unforeseen gaps in health coverage. We reviewed the best short-term health insurance plans based on coverage, exclusions, ratings, and more.

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The 5 Best Rental Property Insurance Companies of 2021

(7 days ago) Get insurance that protects your interests. We compare rental property insurance carriers based on value, availability, coverage, service, and more to find you the best options.

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Keyman Insurance

(3 days ago) Keyman insurance is a specific type of insurance policy primarily for small businesses. These policies are designed to compensate the business when a …

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Errors and Omissions Insurance (E&O) Definition

(7 days ago) Errors And Omissions Insurance - E&O: Errors and omissions insurance (E&O) is a type of professional liability insurance that protects companies and their workers or individuals against claims

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The 6 Best Umbrella Insurance Companies of 2021

(Just Now) Umbrella insurance is a type of liability insurance that adds extra coverage to other policies, known as underlying policies. These underlying policies include auto, homeowners, and renters

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How to Get Health Insurance

(4 days ago)

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The 7 Best Commercial Business Insurance Companies of 2021

(1 days ago) Chubb is a global insurance provider that writes $40 billion in individual and commercial policies each year, offering a particularly impressive lineup of business insurance coverage.

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A Brief Overview of the Insurance Sector

(2 days ago) The insurance industry is made up of different types of players operating in different spaces. Life insurance companies focus on legacy planning …

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The 6 Best Independent Contractor Insurance Companies of 2021

(4 days ago) Next Insurance is a relatively new insurance company that started as an agency and converted to an insurer in 2018. It is backed by Munich R.E., which has …

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Loss Payee Definition

(1 days ago) Loss Payee: The party to whom the claim from a loss is to be paid. Loss payee can mean several different things; in the insurance industry, the insured or the party entitled to payment is …

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What's the Difference Between Copays and Coinsurance

(8 days ago) A health insurance premium is an upfront payment made on behalf of an individual or family in order to keep their health insurance policy active. more What Does Out-of …

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Insurance Premium Definition

(8 days ago) An insurance premium is the amount of money an individual or business must pay for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance.

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The 5 Best Security Guard Insurance Companies of 2021

(6 days ago) The Hartford is one of the oldest insurance companies in the U.S. and was founded in 1810. The company is highly rated by AM Best, receiving an A+ rating.

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Insurance, Excess Insurance, and Reinsurance

(9 days ago) Insurance . An insurance policy is a contract in which the policyholder receives financial reparations or protection from an adverse event that's covered under the policy.

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Assurance Definition

(Just Now) Insurance coverage is the amount of risk or liability covered for an individual or entity by way of insurance services. more Accidental Death and Dismemberment (AD&D) Insurance

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What Is SR-22 Insurance and What Does It Do

(Just Now) Insurance coverage is the amount of risk or liability covered for an individual or entity by way of insurance services. more Medical Payments Coverage (MedPay) Definition

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The 5 Best Wedding Insurance Companies of 2021

(9 days ago) The insurance products it offers through WedSafe are backed by Nationwide Insurance, a Fortune 100 company with an A+ rating for financial strength from A.M. Best.

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The 8 Best Short Term Rental Insurance of 2021

(9 days ago) Proper Insurance, a Virginia-based property and casualty insurance company, offers an all-inclusive Lloyd’s of London insurance policy focused on short term vacation rental properties’ unique

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Subrogation Definition

(2 days ago) The insurance carrier reimburses the covered driver under the terms of the policy and then pursues legal action against the driver at fault. If the carrier is successful, it must divide the amount

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Costco Home Insurance Review 2021

(5 days ago) Dwelling Insurance – This covers the cost of damages to your home under a covered peril, such as damage from hail, lightning, a fire, vandalism, or …

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Insurance Coverage Area Definition

(4 days ago) Insurance Coverage Area: The geographic region in which an insurance policy’s benefits apply. The insurance coverage area for a travel health insurance plan, for …

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Insurance Bond Definition

(4 days ago) An insurance bond is a type of investment instrument offered by life insurance companies and primarily used in the U.K. and Australia.

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The 5 Best Long-Term Disability Insurance of 2021

(2 days ago) Though Breeze is a fairly new digital insurance company, only founded in 2019, its simple buying process makes it our top choice for individual long-term disability coverage.

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Reinsurance Ceded Definition

(8 days ago) Special Acceptance: The extension of coverage for a peril that is not generally covered in a reinsurance treaty. Special acceptance requires the …

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Directors and Officers Liability Insurance: Overview

(3 days ago) Directors and officers liability insurance is akin to corporate governance, corporate law, and the fiduciary duty owed to stakeholders, such as shareholders and beneficiaries.

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The 4 Best Short-Term Disability Insurance of 2021

(3 days ago) Short-term disability insurance through State Farm provides between $300 and $3,000 in monthly coverage, depending on your occupation and current income, and elimination periods are 30, 60, or 90

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Point-of-Service Plan (POS) Definition

(4 days ago) A point-of-service plan (POS) is a type of managed-care health insurance plan that provides different benefits depending on whether the policyholder uses in-network or out-of-network health care

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Property Insurance Definition

(9 days ago) Vandalism Endorsement: An optional type of coverage that can be added to a basic hazard or property and casualty insurance policy to provide remuneration to …

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Microinsurance Definition

(5 days ago) Microinsurance: Insurance products that offer coverage to low-income households. A microinsurance plan provides protection to individuals who have little …

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Personal Legal Insurance Definition

(Just Now) Personal legal insurance is a discount plan for legal services. Some employers offer the plan as an opt-in benefit. What's covered will vary by the company offering the service.

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The 7 Best Dental Insurance for Braces in 2021

(9 days ago) Dental insurance for braces, also called orthodontic insurance, is a type of insurance specific to orthodontic treatment. That includes braces, retainers, and other procedures designed to fix the

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Home Warranty vs. Home Insurance

(8 days ago) Home insurance, on the other hand, covers your home and personal belongings against theft and other perils, and provides personal liability coverage, too. If …

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Car Insurance: What You Need to Know

(Just Now) Car Insurance Find answers to your car insurance questions, including what policy is right for you, insurance rules, and pricing. Get important information on how to save money while getting the

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Prudential Life Insurance Review 2021

(9 days ago) Founded in 1875, Prudential is a financial services company that offers a range of products, including life insurance, health insurance, annuities, and investment options.

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