When it comes to your auto insurance policy, liability car insurance is a key part of keeping you safe on the road. In the event that you are found at fault in an accident, carrying the right amount of liability insurance could help you not lose tens of thousands of dollars paying for ...
If you’re a business owner, you’ve probably had to request acertificate of insurance (COI)at one point or another. But did you know about verified ACORD insurance certificates? A COI is basically a document that proves that you have insurance coverage. You usually need to get one when a...
What Is Proof of Insurance and How to Get ItWhen you purchase insurance, you’re given proof of insurance—a digital or physical document that proves you have active insurance coverage. This document is typically kept in your glove box, so you have it on hand if you get pulled over. If...
A universal life insurance premium includes two main parts: Cost of Insurance (COI): This is the actual cost that covers the life insurance part of the policy. It includes factors like mortality charges, administrative fees and other related expenses. It's the amount required to keep the ...
How long should I keep my COI? When should I ask for a COI? What’s the difference between a COI and an insurance policy? Why a certificate of insurance matters If you’re bidding on contract work, you will likely need a COI per the terms of a legal agreement. Some parties — like...
A certificate of liability insurance is proof that you possess liability insurance coverage. This document describes the types of liability coverage you have; it also details the coverage and provides information about the insurance company issuing the c
You might come across some insurance terms you’re not familiar with, like COI (certificate of insurance), AI (additional insured), and others. Learn what the most important ones mean and how understanding them can help with your decisionmaking. ...
A DXA scan, which uses a low-dose X-ray to analyze your spine and hips, is the only test that can diagnose osteoporosisbeforea bone break happens. It’s a non-invasive and painless procedure that takes only about three minutes. It’s also covered by most insurance plans. ...
Unlike whole life insurance policies, which have fixed premiums over the life of the policy, a UL insurance policy generally has flexible premiums—within limits. Policyholders can make payments that are more than the COI. The excess premium is added to the cash value and accumulatesinterest. Al...
If you are requesting a COI from a contractor or business, they should either be able to retrieve it from their insurance company or provide you with their insurance company’s contact information, so you can ask for that proof to be sent to you directly. Be careful, however, if you ask...