Life insurance is a contract between an insurance company and a policy owner in which the insurer guarantees to pay a sum of money to one or more named beneficiaries when the insured person dies. In exchange, the policyholder pays premiums to the insurer during their lifetime. Thebest life ...
Professional indemnity insurance provides protection to professionals in the services industries. Have a look at how vital this insurance is for a business.
Looking for evidence that supports the insurance company’s basis for denying a claim and ignoring evidence that supports the policyholder’s basis for making a claim is considered bad faith. If an insurer fails to promptly reply to a policyholder’s claim, that act of negligence, willful or n...
Insurance compliance plays a crucial role in the finance industry, ensuring adherence to regulations and minimizing risk. Gain insights into what it entails and its importance in maintaining financial stability.
If you’re between vehicles, a non-owner policy is a cheap way to maintain continuous coverage. You need proof of insurance but don’t own a car If you have your license suspended for a DUI or failure to maintain proper insurance, you may be considered a high-risk driver. In that ...
What is the difference between landlord insurance and short-term rental insurance? Although landlord insurance and short-term rental insurance have similar provisions, they’re very different types of policies. To help you choose the coverage you need without leaving your property exposed, it helps ...
Filing a car insurance claim unfortunately means that you’ve experienced or caused vehicle damage. The good news is that you have auto insurance to cover part or all of the costs of this damage. You may need to file a car insurance claim even if you aren’t at fault for the damage, ...
An insurance company, on the other hand, has no control over how claims are handled. With a construction insurance claim, “insurers conduct due diligence to determine that there is coverage under the policy for the loss and to quantify the amount to be paid out,” says Anderson. “The amo...
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It is worth considering that some savings could be made by taking out the PI insurance with the same provider as the other forms of insurance. It may not always be the case, but is an avenue worth investigating.Again it is necessary to re-iterate that proper professional advice should...