ACORD forms are the industry standard for collecting and sharing information between agents, carriers, and insureds. While most people are familiar with the main ACORD forms like ACORD 125 (Applicant [...]
The elimination period term refers to the period between an injury and receipt of benefits. We can say that it is the time between the beginning of injury and [...]
Transaction Category (TRCAT) - The Transaction Category data element specifies that the current transaction belongs to which department, process or category. Common values are below: A - Accounting C [...]
The main difference between personal and commercial auto insurance depends on who owns the vehicle. If your business owns a vehicle that is used for business purposes, it will [...]
Dwelling Insurance: Dwelling coverage is a part of a home insurance policy and sometimes it is also called Dwelling Insurance. This policy may help to rebuild and repair the [...]
A web-based Insurance Agency Management System or AMS is a Software as a Service (SaaS) tool that can optimize the existing agency business processes and run, and help the [...]
What is an insurance endorsement? Insurance endorsements allow you to change standard property and casualty insurance. It is mainly used for any kind of additions, subtractions, and other updates to [...]
Introduction Irrespective of the kind of insurance coverages you are looking for, the ability to get the best auto insurance quotes at reasonable rates in the U.S. is not [...]
Parking - Parking is the primary parking location for the vehicle. It is the main parking area where vehicles are parked when not in use. Usually, it's the house [...]
MVR Stands for Motor Vehicle Record/Report. In a Motor Vehicle Report a summary of a person’s driving records like past accidents, and traffic violations are noted. The MVR is [...]
Introduction Whether you have a car, a motorcycle, or an RV(Recreational vehicle), all these modes of transportation need Auto Insurance most of the time almost in all states. In [...]
Introduction Car safety plays a crucial role to diminish the occurrence of a vehicle accident and its consequences. Safety devices that protect passengers in the event of an accident [...]
Property Damage Liability Among many types of coverage, Property Damage Liability coverage is quite common and popular. Damage caused to somebody’s property by an insured person is covered under [...]
