Insurance coverage disputes can be resolved through mediation or with the help of an attorney, depending on the type of dispute. Insurance policies may have exclusions that limit or deny restitution for damages, and insurance regulations may require a procedure for resolving disputes. Mediation is an opportunity to resolve disputes without a court battle, but […]
Travel insurance with pre-existing condition coverage can be easier to find and more affordable than regular health insurance. The definition of a pre-existing condition, plan limitations, and time of booking are important factors to consider. Some insurance policies offer exemptions for pre-existing coverage exclusions if purchased within a few days or weeks of booking a […]
Insurance fraud is a common problem where people use fraudulent means to obtain reimbursements from insurance companies. It affects consumers by causing higher premiums. Auto, life, health and property insurance can be subject to fraud. Insurance companies use algorithms to detect fraud, and many nations have laws in place to stop it. However, there are […]
Insurance fraud is a crime with penalties defined by regional penal codes. Whistleblowers and investigations often uncover fraud. National laws may also outline evidence of fraud not found in regional penal codes. Aggravated insurance fraud is a crime in most jurisdictions and penalties often include prison time. The insurance fraud law is often a part […]
Premises liability insurance protects homeowners from lawsuits brought by injured visitors due to accidents on their property. It covers damages and legal representation, but not intentional harm caused by the homeowner. Most standard policies include it, and there is usually no deductible. Liability insurance is a type of insurance a homeowner purchases to protect against […]
An insurance policy is a contract between an insurer and a policyholder, outlining the insurer’s obligations. It typically includes declarations, definitions, covered items, exclusions, conditions, and endorsements. The policyholder buys financial compensation for eligible events, and the circumstances for coverage are specified in the policy. An insurance policy is a contract that outlines an insurer’s […]
An insurance technician assists insurance brokers by reviewing applications, processing statements, and handling customer queries. Their duties vary depending on the industry segment and client type they work with. They are responsible for gathering information for insurance claims and notifying clients of policy changes and renewals. Strong communication and organizational skills are required. An insurance […]
Property insurance covers personal belongings, automobiles, art, or real estate. Homeowners insurance policies cover the replacement cost of the structure and personal property. Experts recommend a photographic record of household items and evaluation of valuable items. Estimates can be obtained from free internet sites, software programs, public tax records, appraisers, and real estate agents. Property […]
Warranty insurance covers repair or replacement expenses for items like appliances, vehicles, and electronics. It may be sold by insurance companies or manufacturers. Exclusions apply, and it’s important to compare costs and coverage. Consumers should consider if the free warranty is sufficient and not feel pressured into buying. Warranty insurance is an insurance product designed […]
Market Operators Liability Insurance has different meanings in different English-speaking countries. In the UK and Europe, it refers to liability insurance for physical market traders, while in the US, it is more commonly referred to as small business liability insurance. Business owners can obtain policies through insurers or brokers tailored to their specific needs. Market […]
Homeowner’s insurance protects your home, belongings, family, and valuables from unexpected mishaps such as natural disasters, theft, and accidents. It also covers liability for accidents caused by family members or pets and can help rebuild your home after a disaster. Homeowner’s insurance protects your home, belongings, family, and valuables in the event of unexpected mishaps […]
An insurance claim is a request for benefits from an insurance company, which may or may not be approved based on the circumstances. Premiums are paid to insurers, and claims can be filed for accidents or damages. An adjuster assesses damage and fraud prevention, and claims may be denied for various reasons. An insurance claim […]
An insurance verifier collects information about patients’ insurance policies, prepares invoices, and processes claims. They may also communicate with insurance companies and patients to discuss changes in coverage and pre-approval for medical procedures. Good communication skills and the ability to work with people from diverse backgrounds are important. An insurance verifier works with insurance claims […]
Dental insurance policies cover routine and major dental work, but may not offer 100% coverage for major procedures. Employers may offer dental insurance riders, but coverage may be limited. PPO plans are preferred by dentists, while HMO plans limit reimbursement. Individual plans can cost up to $80 per year, but may not cover major procedures. […]
Mortgage disability insurance provides financial resources to homeowners who become disabled and unable to make mortgage payments. Lenders may require it, and coverage varies depending on the insurance contract. Mortgage disability insurance is a type of insurance coverage that provides resources to mortgage holders in the event that they become disabled and can no longer […]
Fire insurance provides coverage for losses incurred due to a fire, including belongings, temporary living expenses, and cleanup costs. It can be purchased as a supplement to a homeowner’s policy and requires a detailed claim. Deliberate acts of arson invalidate coverage and may result in criminal prosecution. Fire insurance is a type of property insurance […]
Governments may impose an insurance premium tax on companies that receive premium payments from customers, which can vary widely but is typically low. Insurance companies face strict regulations, and taxes may limit the number of policies sold. Companies must file with the government and may need to add new procedures for collecting and reporting premium […]
Insurance companies start with a functional structure, then move to a divisional structure. They can choose between a centralized or decentralized version, with the latter increasing response times and potentially leading to more business. The organizational structure of an insurance company generally depends on the size, age and specialty of the company. More often than […]
Life insurance pays out a sum of money to the named beneficiary of the insured upon their death, providing security to family members. The cost of life insurance varies based on factors such as age, health, and occupation. Whole life, variable life, and term life are the typical forms of life insurance policies available. Life […]
Life insurance can be considered an investment for retirement planning, with different types of policies offering various benefits. Term life insurance is suitable for those who want a death benefit, while whole life insurance offers cash value and tax breaks. It can be a practical long-term solution for conservative investors. Some people view life insurance […]
