Adding coverage:Endorsements are frequently used to add coverage not provided by the basic policy. An example is a voluntary compensation endorsement, which can be added to a standard workers compensation policy for an additional premium. This endorsement is used to extend workers compensation benefits...
The author recommends the belt and suspenders approach wherein the belt is the indemnification or hold harmless agreements and the suspender is the additional insured endorsement which, on the general liability policy, provides the additional insured a number of benefits. The advantages of additional ...
Is earthquake insurance worth it? Frequently asked questions Key takeaways Earthquake insurance typically requires the purchase of an additional endorsement or separate standalone policy. Earthquake insurance rates depend on factors like the type of home you have, its age and the materials used in con...
The U.K. life insurance market is very competitive and insurers try to stand out from the pack by offering additional benefits. These are like perks. It’s now extremely common for insurers to offer policy perks to customers and, sometimes, families too. Perks range from 24/7 virtual GP ...
Vrbo’s insurance is not meant to be a standalone policy, as the platform’s listing requirements specify that owners need to have sufficient existing coverage. However, if you already are insured and a Vrbo guest files a claim, Vrbo’s liability insurance offers an additional $1 million in...
On standard home insurance, personal property coverage, also called Coverage C, is usually written on a named perils basis. This means your personal belongings, like appliances, jewelry, and furniture, are insured against the perils mentioned in the policy. Loss of use Coverage D, also known as...
Names of loss payees:This includes you and any additional insured people on your policy. Policy form numbers, policy number, and your address. Policy period:Your policy period includes your effective date (when your policy starts) to its expiration date. Most policies last six months, though so...
Level term life insurance is the best-known but not the only option. Decreasing term life insurance is when the amount you pay in premiums decreases over time because the amount you’re insured for decreases over time. This product is typical for those who specifically want to cover the outst...
A blanket additional insuredendorsementis an insurance policy endorsement that automatically provides coverage to any party to which the named insured is contractually required to provide coverage. A blanket additional insured endorsement is most commonly found in liability insurance policies, though it is ...
Fixed indemnity insurance is a type of health insurance that pays out a fixed benefit for each healthcare event, regardless of the actual costs insured. A fixed indemnity plan might pay a certain amount of money for each hospital admission, or a certain amount for each day of hospitalization....