A broker fee is a sum of money which a broker charges tenants in return for assistance in finding their future rental home. It’s the equivalent of a commission or “finder’s fee” and has to be paid—typically by the renter—before moving in. It’s sometimes also referred to as a ...
What types of car insurance deductibles are there? Your auto insurance policy is a package of different coverage types. Some coverage types, like liability, may pay the other party for injuries and damages if you cause an accident. Other coverage types — such as comprehensive, collision, person...
An umbrella policy kicks in when the limits of your primary insurance policies have been reached. An umbrella policy is a proactive move for anyone looking to protect their finances from the uncertainties of life. While your auto, home or renters insurance policy provides liability coverage, some...
Life insurance is a contract between you and an insurance company. In exchange for premium payments, the company pays a sum of money, known as thelife insurance death benefit, to your beneficiaries when you die. Beneficiaries may include your spouse, children, or other people or entities you ...
Travel Insurance Association, the price of a travel insurance policy usually ranges from 4%-8% of the trip cost. The cost of the policy is usually based on the following factors: Duration and cost of your vacation: The more expensive and longer the trip, the higher the price of the ...
A copay is a flat fee you must pay upfront as part of your health insurance for covered services, such as doctor visits, tests, or prescription drugs.
Prepaid insurance is the portion of an insurance premium that has been paid in advance and has not expired as of the date of a company’s balance sheet. This unexpired cost is reported in the current asset account Prepaid Insurance. As the amount of prepaid insurance expires, the expired por...
What Is Life Insurance? Life insurance acts as a financial safety net for your family. If you die while it’s active, your insurance company pays a sum of money to the people you’ve named in your policy. This money, known as the death benefit, can help your beneficiaries replace your...
Insurance law is the collection of laws and regulations that relate to insurance. Insurance is a contract between two parties. It transfers the risk of loss to the other party to the contract in exchange for a fee called a premium. Insurance laws and regulations manage and control how insuranc...
Income protection insurance is an insurance policy that pays out an income if you are unable to work due to illness or an accident You can use your income benefit paid from the insurance in any way you see fit – mortgage payments, rent, bills, living costs, yo...