Armstrong and Aldrin landed on the moon in 1969 without life insurance. They signed first-day mailers as a backup plan, which now fetch up to $30,000. Mission Commander Neil Armstrong and pilot Buzz Aldrin landed the Lunar Module Eagle on the Moon on July 20, 1969. Armstrong was the first to the dusty surface, and […]
The FDIC insures certain types of bank accounts in the US up to $250,000 per insured banking institution, per account category. The coverage is determined based on ownership, and each person can have $250,000 in coverage across all individual accounts at a bank. Special cases and exceptions exist, and seeking outside help is recommended to […]
“Additional insured” refers to extending insurance coverage to someone other than the policy owner, such as legally licensed drivers or property owners. Commercial liability insurance policies often have additional insured riders, but coverage varies and policy terms should be carefully read. The term “additional insured” refers to the coverage provided by an insurance policy when […]
Insured Mail is a service offered by the Postal Service that provides insurance coverage for eligible mail. The coverage amount and eligibility depend on the conditions specified in the insurance contract, and the sender must properly pack and send the package from an appropriate postal location. Insured Mail refers to a service offered by the […]
An insured contract limits the amount paid out in a liability coverage agreement, often applied to leases or commercial agreements. Insurance companies use this to avoid large payouts and contracts may have numerous clauses and limits. An insured contract allows for a specific limitation in a contractual liability coverage agreement. With liability coverage, an individual […]
“Additional policyholder” refers to insurance coverage for someone other than the named policyholder, often required for legal or contractual reasons. Examples include covering drivers of insured cars and landlords of rented properties. Commercial general liability policies often name employees as additional insured, but coverage is limited to actions within their employment or business relationship. Policy […]
