What Does Binding Mean in Insurance?. Companies of all sizes need and benefit from commercial insurance coverage. Commercial insurance covers everything from real and personal property to product liability, protecting business owners from financial ruin
while her mother’s plan is secondary. If Lisa has a medical expense of $3,000, her father’s insurance will process the claim first and cover the eligible expenses up to the policy limits. The remaining balance will then be submitted ...
There are many times in a person's life when he may need insurance of one kind or another. The most common types of insurance are health, automobile and life. There are specific qualifications that must be met for each one before you can be accepted into a plan, and sometimes the approv...
What Will Gender Equality Mean for Insurance Costs? ADVERTISING FEATURE Independent Financial AdviceACCORDING to Richard Jones of Security Financial Services it is important for you to know that from December 21, 2012, insurers can no longer take gender into account when setting premiums, leading to...
A health insurance deductible is the amount you agree to pay toward medical treatment before your insurance kicks in.
Interestingly, unlike the position in BEAR and public expectation prior to the release of the FAR exposure draft materials, the prohibition above does not extend to indemnifying or paying premiums for accountable persons or insurance policies covering these individuals, which should provide ...
What does NGL mean? In this lesson, you will learn the definition and how to use this text abbreviation with ESL infographic and useful conversation examples
So what does this mean for consumers? At present when someone visits a financial adviser or bank to discuss their mortgage requirements, they will be advised regarding protection of their liabilities with a range of insurances such as life insurance or critical illness insurance. While not mandat...
The real estate transaction could be held in escrow such that the sale wouldn't be completed until the buyer obtains financing or a mortgage from a bank. Also, the buyer could have difficulty securing the necessaryinsuranceand other policies needed to complete the transaction. If the buyer doesn...
In the insurance industry, the definition of an act of God is essentially the same as the standard definition: an act of nature that couldn't have been predicted or prevented and for which no human is to blame. What Does Act of God Mean to Business Property Insurance?