An insurance adjuster is someone who investigates claims to determine how much (or if) your insurance company should pay you for damages/losses to your stuff or place. What is an insurance adjuster, and what is a claim adjuster? An insurance adjuster, also known as a claims adjuster, determi...
What is renters insurance? Renters insurance offers essential coverage for people who do not own their homes. It covers various things, but the main aspects of a renters insurance policy are personal property damage, personal liability, medical payments, and additional living expenses. What does ren...
Public adjusters will make their own assessments of damages to the home, the report of which you can then submit to your insurance company. While in theory, the public adjuster has the best intentions of the policy owner in mind, always be mindful if hiring one. A homeowner’s inexperience ...
What does travel insurance cover? you can choose from a few different options when buying a travel insurance plan, whether you need travel health insurance or international travel insurance, so you can build a plan that meets your specific needs and budget. ...
Welcome to the world of insurance claims! If you’ve recently experienced a loss or damage to your property and need to file an insurance claim, you may have come across the term “RCV.” But what does RCV mean in the context of insurance claims? Don’t worry, we’re here to demystif...
For example, let’s say an individual wants to purchase a life insurance policy but realizes they had a health scare a few months ago. If they were to backdate the policy, they would adjust the start date to a time before the health scare occurred. This way, they can avoid disclosing ...
How Much Does Windstorm Insurance Cost? Windstorm insurance can cost approximately $2,000 per year in coastal or high-risk areas. However, the cost can vary depending on the size of the home, its location, and the insurer.5 The Bottom Line ...
What does condo insurance cover? HO-6 policies are structured similarly tohomeowners insurancepolicies. But,howyou’re protected is slightly different. With an HO-3 (the most common home insurance policy type), the home’s physical structure is covered under the dwelling portion of the policy fo...
When you apply for coverage, the insurance company may inspect your property for any structural damage before issuing your sinkhole insurance policy. The land on your property may also be geologically tested to detect potential sinkholes. In the event of a sinkhole, aclaims adjustermay visit your...
How Does Gap Insurance Work? Consider the following example: Your vehicle is financed and you still owe $10,000 to your lender. You are involved in an accident, and the car is declared a total loss. The insurance claims adjuster determines that your car’s ACV is $8,000, and your insu...