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So far webner has created 328 blog entries.

19 12, 2022

AL3 Downloads Policy Reconciliation Overview

2023-04-24T05:41:59+00:00December 19, 2022|ACORD AL3|0 Comments

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| ByWinsurtech

In AL3 downloads, if a policy matches more than one policy record in AMS/CRM, that means we need to take a look at the downloaded transaction record and manually merge it to the correct original policy. This is where the Policy Reconcile process comes into [...]

1 07, 2022

What does Guaranteed Benefit mean in Insurance?

2023-04-24T05:43:44+00:00July 1, 2022|Insurance|0 Comments

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| ByWinsurtech

Investing in an insurance policy through any insurance company is the way to create financial stability to cover the uncertainty of the future for the insured and his/her family. A guaranteed benefit in insurance (especially in the case of life insurance) policy is that the [...]

29 06, 2022

What is a driver training credit in auto insurance?

2023-04-24T05:44:29+00:00June 29, 2022|Insurance|0 Comments

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| ByWinsurtech

Driver training credit is the discount or reduction provided to a student within the insurance premium. Young drivers become eligible for driver training credits upon completion of a driver training course. Most public school systems provide these sorts of courses. Insurance companies within the U.S. [...]

27 06, 2022

Stacked Vs. Unstacked Motorist Coverage

2023-04-24T05:47:43+00:00June 27, 2022|Insurance|0 Comments

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| ByWinsurtech

Stacked Insurance: The term "stacking" refers to the ability to combine coverage limits for several automobiles. The highest amount your insurance will pay toward a covered claim is known as the coverage limit. As a result, merging several coverage limits into a single larger limit [...]

24 06, 2022

What is Towing and Labor Costs Coverage?

2023-04-24T05:48:29+00:00June 24, 2022|ACORD AL3, Insurance|0 Comments

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| ByWinsurtech

Introduction Towing and labor cost coverage is an optional coverage that pays the cost of towing the vehicle to a repair shop when it is unable to be driven. It also covers a specified amount of necessary labor charges at the place of the breakdown [...]

22 06, 2022

Insurance Claims

2023-04-24T06:12:42+00:00June 22, 2022|Insurance|0 Comments

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| ByWinsurtech

When a policyholder requests compensation for a covered loss or policy event from an insurance company, it is known as an insurance claim. The insurance company has the authority to validate the claims so they can approve or denies the claims according to the policy [...]

20 06, 2022

Coverages Other Than Liability In Auto Insurance

2023-04-24T06:13:10+00:00June 20, 2022|Insurance|0 Comments

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| ByWinsurtech

Apart from liability insurance, which is required by Rhode Island law, an auto policy might include a variety of additional coverages. Physical Damage to the Automobile Comprehensive coverage covers damage to your vehicle caused by practically any other cause, such as fire, hail, windstorm, vandalism, [...]

16 06, 2022

Risk Management in Insurance Industry

2023-04-24T06:13:49+00:00June 16, 2022|Insurance|1 Comment

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| ByWinsurtech

Difference between risk management and insurance? Risk Management Risk management is a proactive process that involves identifying and planning for different types of risks, including financial losses, reputational damage, and operational disruption. This can be compared to insuring against future damages or losses by taking [...]

2 06, 2022

Multi-Car Credit In Auto Insurance

2023-04-24T06:18:51+00:00June 2, 2022|Uncategorized|0 Comments

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| ByWinsurtech

What Is a Multi-Car Insurance Policy? A multi-car insurance policy covers multiple cars, trucks, or other vehicles. You can save money by bundling your automobiles. This strategy is also known as a "schedule of cars" policy or a "many vehicle policy." These policies are usually [...]

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