Insurance companies use transaction categories to track every stage of a policy’s lifecycle. Each code represents a specific event—whether it’s starting, updating, renewing, canceling, or auditing a policy. Here’s a [...]
The Individual Retirement Accounts ( IRA’s ) are tax-advantaged accounts that individuals can establish to accumulate funds for retirement. It is depending on the types of IRAs, contributions may [...]
The face value/amount of insurance is how much your policy is worth. It means the amount of coverage you bought in the policy. The face amount is the primary [...]
Personal auto insurance application helps in providing financial protection to you, your family, other passengers, and your vehicle. You can choose the amount of protection by Selection of coverages [...]
Introduction Insurance is all about just in case. Liability insurance is purchased just in case you have an at-fault accident and someone gets hurt or property gets damaged. Collision [...]
Introduction Auto insurance is defined as a contract between the insured and insurance carrier that protects the insured against financial loss in the case of an accident or theft. [...]
Introduction While offering auto insurance to vehicle owners, insurance company's credits consider many aspects to calculate and present premium. Obviously, these companies do not want to go into loss [...]
IntroductionAuto insurance is defined as a contract between the insured and the insurance company that protects the insured against financial loss in the case of an accident or theft. The [...]
The insurance declarations page is a document provided by your insurance company that summarizes the information on your insurance coverage. It contains name and address, descriptions of the insured [...]
Introduction As a responsible driver, it is required to have auto insurance to protect yourself in case of an accident. But not everyone is so scrupulous. The Insurance Information [...]
What is Risk-Based Capital? The method for measuring the least measure of capital appropriate for a reporting entity to maintain its overall business operations in a reflection of its [...]
Introduction to Payee and Payable Interest in Insurance When a lender makes a loan secured by personal property, the lender receives its interest in the collateral under the applicable [...]
Terms Related To Payments in Insurance Actual Cash Value: The real cost of lost or spoiled properties Insurance minus the depreciation of the property at the time of the [...]
