The meaning of CROP INSURANCE is insurance available to farmers against loss or damage to growing crops as a result of natural hazards (as hail, drought, flood, insects).
This CLE course will guide counsel through the facially simple appraisal option for settling disputes between the policyholder and insurer over the value of a loss. Each party hires an appraiser to value the loss, and the appraisers pick an "umpire" to decide the issue if the appraisers disagr...
For insurance companies, this result could mean that, to convince customers to share their data more than they do today, they could first act on their customers’ knowledge of financial innovation, and be the bridge connecting to greater openness in sharing data. Looking at the control variables...
an understanding of the “governance” in insurance-as-governance as efforts to encourage risk reduction and loss mitigation. This is understandable, as the pioneering insurance-as-governance researchers were working against habits of mind that made it hard to see the governance in insurance relationsh...
This would mean higher premiums and require approval based on the insured individual’s health. The cash value will accumulate and earn interest based on short-term rates (which fluctuate), similar to a savings or money market account. The cash value may be used to offset the ramifications of...
On the other hand, if a loss occurs towards the end of the year, it only affects the consumption level during that period. Last but not least, the potential interaction between insurance and saving plays a vital role in the decision-making process. While it is normally assumed that wealth ...
The calculation formula is index = (mean − 1) × (50/3), where the mean is the average of all items involved in each individual, 1 is the minimum possible value of the mean (when the minimum value of the index is 0), 3 is the range of the mean, and 50 is the maximum ...
Loss of use, which pays for additional living expenses if you need to move while your home is repaired. Personal liability, should you hurt someone else or damage their property. Medical payments, which pays to treat someone injured on your property, regardless of fault. It also may pay if...
Total-Loss Threshold You’ve heard of cars being “totaled,” but what does that word really mean? In Massachusetts, a car is declared a total loss if the cost to repair it is more than its actual market value. Insurance companies are free to determine actual market value through sources ...
Motor trade insurance is specifically designed to offer protection for vehicles under your care, custody and control, addressing risks such as loss, damage, and theft. The cover and cost of the policy depend on your specific business activities. Factors such as how often you handle customers’ ...