National Insurance Awareness Day 2023:Every year June 28 is observed as National Awareness Day. The day serves as a reminder of the critical role that insurance plays in protecting individuals and families from financial setbacks. It encourages individuals to understand the various types of ...
What Type of Life Insurance is Right for You?Braganza, BeeOntario Dentist
Term: This covers a set period of years until the policy expires. Whole: Whole life insurance is a common kind of cash value policy and often the simplest kind of permanent insurance. Premiums generally are paid throughout a lifetime. If you take out a policy at an earlier age, in your...
Whole life insurance is the simplest type of permanent life insurance. There are two components to a whole life insurance policy: the death benefit and the "cash value." The death benefit component of a whole life policy works exactly the same as term life insurance, except there's no expir...
Property insurance: Necessary whether you rent or own the property. Property insurance typically covers equipment, signage, inventory and furniture in the event of storm, theft or fire. Mass destruction events, such as tornadoes, floods and earthquakes, are not usually covered under a general policy...
There are several common types of insurance products that make available for coverage when determining risk. Learn more.
Moreover, insurance coverage provides peace of mind. Knowing that you are financially protected in the event of an accident allows you to focus on your recovery rather than worrying about the associated costs. It also ensures that other drivers on the road are protected from potentia...
An insurance endorsement is an amendment to a property and casualty insurance policy. An endorsement can add, remove, or change the coverage in the policy. Insurance endorsements can be standard, which means they are published by an industry advisory organization, or non-standard, which means they...
There are two types of title insurance: lender’s title insurance and owner’s title insurance (including extended policies). Almost all lenders require the borrower to purchase a lender’s title insurance policy to protect the lender in the event that the seller was not legally able to transfe...
"All risks" are also called open perils, allperils, or comprehensive insurance. Burden of Proof The trigger for coverage under an "all risks" policy is physical loss or damage to property. An insured must prove physical damage or loss has occurred before the burden of proof shifts to the ...