When the HOA makes a claim on its master policy, there will be a deductible just like any other insurance policy. In most cases, the HOA will then assess a pro-rated amount to each condo unit owner to pay the deductible. This is called a loss assessment. For example, assume an associa...
“Insurers generally charge higher premiums for teenagers and young adults below age 25 because they have the highest risk of accidents,” Friedlander says. “Rates typically steadily decline for adults until about age 70, where there is a slight uptick in premiums due to an increased risk of ...
Summed up: FOB is highly relevant to define who is responsible for the shipment’s loss or damage if anything happens and is paying for the shipping and insurance costs. Any seller-buyer transaction should have very clearly spelled out FOB terms, so everyone knows at each step of the journey...
Idalia Garcia is a licensed insurance agent with extensive knowledge of various insurance lines. She has more than 12 years of experience in auto insurance and 10 years in property insurance. Car Insurance How Long Will Auto Insurance Pay For Rental Car ...
This unique enrollment period allows those with a Medicare Supplement plan the opportunity to change insurance carriers. Here’s how it works: To qualify, you must already have a Medigap plan. You receive an enrollment period that is tied to your birthday. Therefore, each period is different...
If a customer with cancer applies for life insurance with John Hancock, multiple factors are taken into consideration, including the type of cancer, the extent of the disease, the treatment, and the timing of that treatment. Ultimately, John Hancock is able to offer coverage in many situations...
See how Nationwide’s renters insurance coverage, discounts, customer experience and rates compare with other companies in this 2024 review.
Most people will never need nonstandard auto insurance, but it is an option for drivers who are deemed high-risk or who have been denied standard car insurance. To be designated high-risk, drivers have usually racked up serious infractions like multiple speeding tickets, at-fault accidents or...
Most applicants for insurance coverage are considered standard risks. For those seeking life insurance and who have a condition that may cause the policy to be rated, should consult an agent or agency that specializes in substandard policies. These agents will know which insurers have the best rat...
What is Term Depending on the context, the expression term can mean a couple of things in finance. It can refer to the lifespan assigned to an asset or a liability, over which the value of the asset/liability is expected to either grow or shrink, depending on its nature. ...