Surplus lines writers are known as non-admitted writers because they are not licensed in the state where the insured or risk is located, although they accept business from licensed surplus lines brokers. All U.S
If you’re renting, understanding what renters insurance is and how it works is important to your financial health. Many landlords require renters insurance as a stipulation of the lease agreement, but some do not. However, it’s typically a good idea to have a policy in place. A ...
Unlike car insurance, home insurance is not required by federal or state law. If you have a mortgage, however, you're usually required to have a policy. Even without a mortgage, foregoing insurance is a risky move. Without it, you'll have to pay out of pocket for any damage to your ...
Having your insurance policy canceled is not the same thing as non-renewal. Insurance companies generally can’t cancel a policy that is older than 60 days unless you don’t pay your bill, or they discover fraud or inaccuracies on your application. Non-renewal is when you or the insurance ...
Contact your insurance provider to find out how long your property can remain vacant before coverage is removed. Purchase vacant home insurance, which is typically obtained through thesurplus linesmarket, if you plan to exceed your policy's time limit. ...
Home Insurance Life Insurance About Us Our Purpose: To make the world smarter, happier, and richer. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our ...
Even if a wildfire does not burn everything inside your home, many items may need to be replaced due to smoke damage. With an HO-3 home insurance policy, the personal property coverage amount is usually 50 to 70 percent of the total dwelling limit. If you have valuable items that ...
(that is, that you were virtually forced to resign), your departure will be considered voluntary, making you ineligible for unemployment insurance. Besides, the benefits may fall well short of the wages you're used to: in even the highest paying states, the average is less than $500 per ...
Working capital is the difference between a business’s current assets (e.g., cash, accounts receivable, and inventories) and current liabilities (e.g., accounts payable and short-term debt). It’s an essential financial metric that helps ensure a company has enough resources to manage its ...
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company with...