To obtain health insurance reimbursement, check eligibility requirements, obtain and submit a claim form with bills and receipts, and possibly a doctor’s signature. Submit the form by mail, fax, or online, and keep copies of all documents. The process you will need to follow to obtain reimbursement from health insurance varies from one insurance company […]
RV rental insurance is short-term coverage for recreational vehicles that can be purchased when renting. It covers loss, damage, personal injury, and lost or damaged personal effects. Coverage levels vary and can be tailored to specific needs. It can be purchased through independent insurance companies or RV rental companies. Many rental companies include the cost […]
UCC insurance covers security interests in personal property, excluding real estate, and is designed to cover risks involved in owning a security interest, including attachment, perfection, and priority. It is named after the Uniform Commercial Code and can also be used by companies purchasing assets. UCC insurance covers security interests in personal property. This is […]
Product liability insurance protects manufacturers and sellers from being sued for damage caused by their products. Coverage varies based on industry and government regulations, and a broker assesses the business before issuing a quote. This insurance can prevent bankruptcy in the event of a lawsuit. Product liability insurance is protective coverage that prevents manufacturers and […]
Flood Insurance Rate Maps show flood risks in certain areas in the US and are used by individuals, insurance companies, local officials, and lending institutions to determine risks associated with developed properties. There are two types of maps, and they are continuously updated by FEMA. The maps are available for free on the FEMA website […]
Loss prevention insurance protects against unexpected loss of property value due to specific events, particularly theft. It is often purchased as part of a business insurance policy to cover instances of theft that exceed the industry standard. This type of insurance is important for businesses as money stolen by employees is often never fully recovered. […]
Third party liability insurance protects against financial loss from lawsuits by injured parties. It’s required for auto insurance and can be included in homeowners and renters policies. Businesses may have multiple types of liability insurance to protect against various losses. Third party liability insurance protects the insured against financial loss due to a lawsuit by […]
Building insurance protects property owners from damage to their structures, including natural disasters and property damage. Coverage depends on location and market value, and owners should compare rates and consider improvements to lower premiums. Building insurance is insurance coverage that protects a property owner in the event of events that cause damage to the insured […]
Truck driver insurance covers legal liability and cargo, and can also insure the truck itself. It’s important to consult an expert to determine required and advised coverage. Rates vary based on experience, driving record, and areas of operation. Comparing policies and plans is recommended. Truck driver insurance is a form of vehicle insurance that covers […]
To obtain an insurance broker license, follow the state-specific steps, understand the difference between an agent and broker, determine the license types, meet educational requirements, consider fees and terms, and review requirements for selling in multiple states. Obtaining an insurance broker license is as simple as following the steps outlined by the specific state you […]
An insurance income statement records an insurance company’s profits and losses, calculated by subtracting expenses from income. Premiums and losses are documented, and expenses include claims payments, reserves, and agent commissions. The statement shows whether the company is sustaining risks and generating profits. An insurance income statement is a document that records all profits and […]
Professional liability insurance, also known as errors and omissions insurance, is necessary for those offering services, advice, or financial assistance. This policy protects against claims of negligence or error and is required for some professions, such as malpractice insurance for medical workers. Different jurisdictions have varying requirements, and coverage excludes willful or dishonest criminal acts. […]
An insurance adjuster assesses claims and ensures fair compensation for insured items. They have specialized knowledge and prevent insurance fraud. If a claimant disagrees with the assessment, they can request an independent adjuster. An insurance adjuster is an employee of an insurance company or sometimes an independent agent. The adjuster’s job is to ensure fair […]
Supplemental health insurance can help fill gaps in coverage from employer or government plans. It can be particularly useful for Medicare recipients, those needing coverage for specific ailments, hospitalizations, or niche coverage for diseases. Providers offer a range of options, and it’s important to assess your needs and compare plans. Health insurance is something that […]
An insurance surcharge is an additional cost based on rating factors that assess the degree of risk associated with a policy. Insurance companies and governments can levy surcharges, with the latter often using the proceeds to subsidize insurance for low-income drivers or fund drunk driving education campaigns. Businesses may also be charged an insurance surcharge […]
Property insurance protects buildings and their contents, with various types available. Open risk policies cover any damage not excluded, while named peril policies list covered causes. Homeowners, renters, and commercial tenants can purchase insurance, and liability insurance is also available. Consult an agent to ensure suitable coverage. Property insurance is a form of insurance that […]
Rain insurance protects event organizers from losses incurred due to rain or snow disrupting the event. Policies must be purchased at least two weeks in advance and can cover losses from accrued revenue, promotional expenses, equipment rental, and personnel hiring. Policies can be structured to insure against total accumulation of rain or measure rainfall per […]
Cooperative insurance is a policy contracted by a housing cooperative, where members pool resources to provide insurance coverage or receive a discount from a third-party insurer. Members have a say in building management and can decide who moves in. The policy can cover the entire building and personal possessions. The Co-operative Insurance is a British […]
Garage liability insurance protects auto service centers from liability claims resulting from faulty repair work, employee discrimination claims, and customer injuries. It is different from garage maintenance insurance, which covers damage to customers’ vehicles. Garage liability insurance is a type of liability coverage purchased by companies that operate some type of auto service center. Garages, […]
Travel insurance with pre-existing conditions may be easier to find and more flexible than regular health insurance. The definition of a pre-existing condition, plan limits, and booking timing should be considered. Limited coverage may exclude pre-existing conditions, but waivers may be available if purchased at the same time as travel deposits. Unlimited plans tend to […]
