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 ...
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 ...
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....
Security depends more on your bank than the account. Here are the main safety features of these account types: Insurance. Both savings and checking accounts are typically insured by the FDIC or NCUA up to $250,000 per depositor per institution. This means that your money is safe even if ...
For example, if an architectural or engineering firm is insured under a general liability policy, the policy must include a professional liability exclusion. The firm must buy a separate professional liability policy if it wants that coverage. Key Takeaways An insurance endorsement is an amendment...
Adding an equipment breakdown endorsement to your policy could give you additional coverage for mechanical failures. However, homeowners insurance won't pay for normal wear and tear. Learn more about homeowners insurance and AC units. Lost jewelry Usually not. A standard homeowners insurance policy ...
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...
What is the difference between umbrella insurance and excess liability insurance? Both umbrella insurance and excess liability insurance aim to provide additional insurance coverage over your base policies, but they do so in different ways. Excess insurance simply extends the financial limits of your ex...
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...
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...